Europe Smart Farming Market: Focus on Solutions (Hardware Systems, Software, Services) and Applications (Precision Crop Farming, Livestock Monitoring and Management, Indoor Farming and Aquaculture) – Analysis and Forecast 2018-2023
Over the last decade, the Europe agricultural industry has witnessed a massive transformation owing to the increasing demand for sustainable farming practices. Rising population and high-income growth have resulted in growing concerns of food security across the region. Various agricultural start-ups and technology innovators are developing numerous sustainable farming systems. With the rapid employment of smart farming solutions, farmers are able to enhance production yield by increasing inputs and efficient management of farm enterprises. The advent of innovative farm management techniques has resulted in reduced energy consumption and overall cost-effective operations owing to the more precise and resource-efficient approach of the software As a result, the smart farming industry is anticipated to progress due to the ever-growing affinity for smart farming solutions that are more convenient than the traditional methods.
The market research study offers a wide perspective of the different types of solutions and applications pertaining to the Europe smart farming market and analyzes their impact on the farming sector of the region by providing critical insights into the expected direction of the market expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
The report answers the following questions about the Europe smart farming market:
- What is the Europe smart farming market size in terms of revenue along with the growth rate during the forecast period 2018-2023?
- What is the revenue generated by the different smart farming solutions such as hardware systems, software, and services?
- What are the major types of applications in the smart farming market in terms of revenue generation and future growth?
- What is the anticipated market size for different countries based on various solutions and applications during the forecast period?
- How attractive is the smart farming market for different stakeholders present in the industry as per the analysis of the complete supply chain?
- What are the major driving forces that are expected to increase the demand for smart farming during the forecast period?
- What are the major challenges inhibiting the growth of the market?
- What are the upcoming trends and opportunities in this market?
- What are the kinds of new strategies adopted by the existing market players to expand their market position in the industry?
- What is the competitive strength of the key players in the Europe smart farming market in terms of their recent developments, product offerings, and country presence?
The report includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the Europe smart farming market by the market players and by the government. Further, the report includes an exhaustive analysis of all the leading countries in the region. Deere and Co., Trimble Inc., Hexagon Agriculture, Topcon Positioning Systems, GEA Farm Technologies, Lely, Afimilk Ltd., DeLaval, Motorleaf, Infarm, Phillips Lighting, Osram Licht AG, 365FarmNet, and AKVA Group are some of the leading players in this market.
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- Executive Summary
- 1 Market Dynamics
- 1.1 Market Drivers
- 1.1.1 Increasing Farm Consolidation
- 1.1.2 Growing Market Penetration of Information and Communication Technologies in Farming
- 1.1.3 Rising Need for Climate Smart Farming
- 1.1.4 Increasing Dairy Farm Size
- 1.2 Market Restraints
- 1.2.1 High Initial Investment
- 1.2.2 Lack of Awareness and Infrastructure in Emerging Economies
- 1.3 Market Opportunities
- 1.3.1 Increasing Market Opportunities in Developing Countries
- 1.3.2 Increased Cloud Security
- 1.3.3 Impact of 3D Printing on Farming
- 1.3.4 Securing the Agriculture Value Chain with Blockchain
- 1.3.5 Data Management with Big Data
- 2 Competitive Landscape
- 2.1 Key Market Developments and Strategies
- 2.1.1 New Product Launches and Development
- 2.1.2 Business Expansion and Contracts
- 2.1.3 Partnerships, Collaborations, and Joint Ventures
- 2.1.4 Mergers and Acquisitions
- 2.1.5 Others (Awards and Recognitions)
- 2.2 Market Share Analysis
- 2.2.1 Share Analysis of Leading Players in the Europe Precision Crop Farming Market
- 2.2.2 Share Analysis of Leading Players in Europe Livestock Monitoring and Management Market
- 3 Industry Analysis
- 3.1 Industry Attractiveness
- 3.1.1 Threat of New Entrants
- 3.1.2 Bargaining Power of Buyers
- 3.1.3 Bargaining Power of Suppliers
- 3.1.4 Threat from Substitutes
- 3.1.5 Intensity of Competitive Rivalry
- 3.2 Agricultural Robots – Emerging Trend in Smart Farming
- Overview
- 3.2.1 Types of Agricultural Robots for Smart Farming
- 3.2.1.1 Unmanned Aerial Vehicles (UAVs)/Drones
- 3.2.1.2 Milking Robots
- 3.2.1.3 Harvesting and Picking Robots
- 3.2.1.4 Others
- 3.2.2 Applications of Agricultural Robots for Smart Farming
- 3.2.2.1 Crop Management
- 3.2.2.2 Dairy Farm Management
- 3.2.2.3 Soil Management
- 3.2.2.4 Irrigation Management
- 3.2.2.5 Others
- 3.2.3 Driverless Tractors – Upcoming Agricultural Robot Type
- 4 Europe Smart Farming Market (by Solution)
- 4.1 Assumptions and Limitations for Analysis and Forecast of the Europe Smart Farming Market
- 4.2 Market Overview
- 4.2.1 Hardware Systems
- 4.2.1.1 Automation and Control Systems
- 4.2.1.1.1 Displays/Yield Monitors
- 4.2.1.1.2 Flow and Application Rate Control Valves
- 4.2.1.1.3 Handheld Computers/Mobile Devices
- 4.2.1.1.4 Agricultural Cameras
- 4.2.1.1.5 Others
- 4.2.1.2 Sensing and Navigation Systems
- 4.2.1.2.1 Sensing Systems
- 4.2.1.2.2 GPS/GNSS Systems
- 4.2.1.2.3 Guidance and Steering Systems
- 4.2.1.2.4 RFID Tags and Readers
- 4.2.1.3 Indoor Farming Equipment
- 4.2.1.3.1 Climate Control Systems
- 4.2.1.3.2 LED Grow Lights
- 4.2.1.3.3 Others
- 4.2.1.4 Other Hardware Systems
- 4.2.2 Software
- 4.2.2.1 On-Cloud Delivery Model
- 4.2.2.2 On-Premise Delivery Model
- 4.2.3 Services
- 4.2.3.1 Integration and Deployment
- 4.2.3.2 Maintenance and Support
- 4.2.3.3 Other Services
- 5 Europe Smart Farming Market (by Application)
- 5.1 Precision Crop Farming
- 5.2 Livestock Monitoring and Management
- 5.3 Indoor Farming
- 5.4 Aquaculture
- 5.5 Others
- 6 Europe Smart Farming Market (by Country)
- 6.1 Germany
- 6.2 The U.K.
- 6.3 France
- 6.4 Italy
- 6.5 Spain
- 6.6 The Netherlands
- 6.7 Poland
- 6.8 Czech Republic
- 6.9 Rest-of-Europe
- 7 Company Profiles
- 7.1 AGCO Corporation
- 7.1.1 Company Overview
- 7.1.2 Product Portfolio
- 7.1.3 Financials
- 7.1.3.1 Financial Summary
- 7.1.4 SWOT Analysis
- 7.2 CNH Industrial
- 7.2.1 Company Overview
- 7.2.2 Product Portfolio
- 7.2.3 Financials
- 7.2.3.1 Financial Summary
- 7.2.4 SWOT Analysis
- 7.3 Deere and Company
- 7.3.1 Company Overview
- 7.3.2 Product Portfolio
- 7.3.3 Financials
- 7.3.3.1 Financial Summary
- 7.3.4 SWOT Analysis
- 7.4 Hexagon Agriculture
- 7.4.1 Company Overview
- 7.4.2 Product Portfolio
- 7.4.3 Corporate Summary
- 7.4.4 SWOT Analysis
- 7.5 Topcon Positioning Systems
- 7.5.1 Company Overview
- 7.5.2 Product Portfolio
- 7.5.3 Corporate Summary
- 7.5.4 SWOT Analysis
- 7.6 Trimble Inc.
- 7.6.1 Company Overview
- 7.6.2 Product Portfolio
- 7.6.3 Financials
- 7.6.3.1 Financial Summary
- 7.6.4 SWOT Analysis
- Livestock Monitoring and Management
- 7.7 Dairymaster
- 7.7.1 Company Overview
- 7.7.2 Product Portfolio
- 7.7.3 Corporate Summary
- 7.7.4 SWOT Analysis
- 7.8 DeLaval
- 7.8.1 Company Overview
- 7.8.2 Product Portfolio
- 7.8.3 Corporate Summary
- 7.8.4 SWOT Analysis
- 7.9 Fullwood Ltd.
- 7.9.1 Company Overview
- 7.9.2 Product Portfolio
- 7.9.3 Corporate Summary
- 7.9.4 SWOT Analysis
- 7.10 Lely S.a.r.l
- 7.10.1 Company Overview
- 7.10.2 Product Portfolio
- 7.10.3 Corporate Summary
- 7.10.4 SWOT Analysis
- Indoor Farming
- 7.11 Osram Licht AG
- 7.11.1 Company Overview
- 7.11.2 Product Portfolio
- 7.11.3 Financials
- 7.11.3.1 Financial Summary
- 7.11.4 SWOT Analysis
- 7.12 Philips Lighting
- 7.12.1 Company Overview
- 7.12.2 Product Portfolio
- 7.12.3 Financials
- 7.12.3.1 Financial Summary
- 7.12.4 SWOT Analysis
- 7.13 Evergreen Farm Oy
- 7.13.1 Company Overview
- Aquaculture
- 7.14 AKVA Group ASA
- 7.14.1 Company Overview
- 7.14.2 Product Portfolio
- 7.14.3 Financials
- 7.14.3.1 Financial Summary
- 7.14.4 SWOT Analysis
- 7.15 Integrated Information Systems S.A.
- 7.15.1 Company Overview
- 8 Research Scope and Methodology
- 8.1 Report Scope
- 8.2 Europe Smart Farming Market Research Methodology
- 8.2.1 Assumptions
- 8.2.2 Limitations
- 8.2.3 Primary Data Sources
- 8.2.4 Secondary Data Sources
- 8.2.5 Data Triangulation
- 8.2.6 Market Estimation and Forecast
- 9 Annexure A : List of Key Strategies and Developments (April 2015-April 2018)
- List of Tables
- Table 2.1 Market Ranking Analysis
- Table 3.1 Analyzing the Threat of New Entrants
- Table 3.2 Analyzing Bargaining Power of Buyers
- Table 3.3 Analyzing the Bargaining Power of Suppliers
- Table 3.4 Analyzing the Threat from Substitutes
- Table 3.5 Analyzing the Intensity of Competitive Rivalry
- Table 3.6 UAVs/Drones by Leading Companies for Smart Farming
- Table 3.7 Milking Robots by Leading Companies for Smart Farming
- Table 3.8 Harvesting and Picking Robots by Leading Companies for Smart Farming
- Table 3.9 Other Agricultural Robots by Leading Companies for Smart Farming
- Table 3.10 Driverless Tractors by Leading Companies for Smart Farming
- Table 4.1 Europe Smart Farming Market (by Solution), 2017-2023
- Table 4.2 Hardware Systems in Europe Smart Farming Market (by Type), 2017-2023
- Table 4.3 Displays/Yield Monitors by Key Companies
- Table 4.4 Flow and Application Rate Control Valves by Key Companies
- Table 4.5 Handheld Computers/Mobile Devices by Key Companies
- Table 4.6 Agricultural Cameras by Key Companies
- Table 4.7 Other Automation and Control Systems by Key Companies
- Table 4.8 GPS/GNSS Systems by Key Companies
- Table 4.9 Guidance and Steering Systems by Key Companies
- Table 4.10 RFID Tags and Readers by Key Companies
- Table 4.11 Climate Control Systems by Key Companies
- Table 4.12 LED Grow Lights by Key Companies
- Table 4.13 Other Indoor Farming Equipment by Key Companies
- Table 4.14 Other Hardware Systems by Key Companies
- Table 4.15 Software by Key Companies
- Table 4.16 Software in Europe Smart Farming Market (by Delivery Model), 2017-2023
- Table 4.17 Smart Farming Services Offered by Key Companies
- Table 4.18 Services in Europe Smart Farming Market, (by Type), 2017-2023
- Table 5.1 Europe Smart Farming Market (by Application), 2017-2023
- Table 5.2 Precision Crop Farming Products by Leading Companies
- Table 5.3 Key Livestock Monitoring and Management Solutions by Leading Companies
- Table 5.4 Indoor Farming Solutions by Key Companies
- Table 5.5 Key Smart Aquaculture Solutions by Leading Companies
- Table 5.6 Products in Other Applications in Smart Farming Market
- Table 6.1 Europe Smart Farming Market (by Country), 2017-2023
- Table 7.1 AGCO Corporation: Product Portfolio
- Table 7.2 CNH Industrial: Product Portfolio
- Table 7.3 Deere and Company: Product Portfolio
- Table 7.4 Hexagon Agriculture: Product Portfolio
- Table 7.5 Topcon Positioning Systems: Product Portfolio
- Table 7.6 Trimble Inc.: Product Portfolio
- Table 7.7 Dairymaster: Product Portfolio
- Table 7.8 DeLaval: Product Portfolio
- Table 7.9 Fullwood Ltd.: Product Portfolio
- Table 7.10 Lely S.a.r.l: Product Portfolio
- Table 7.11 Osram Licht AG: Product Portfolio
- Table 7.12 Philips Lighting: Product Portfolio
- Table 7.13 AKVA Group: Product Portfolio
- List of Figures
- Figure 1 Macroeconomic Trends Impacting the Farming Industry Growth
- Figure 2 Drivers and Restraints - Europe Smart Farming Market
- Figure 3 Types and Applications of Agricultural Robots
- Figure 4 Europe Smart Farming Market Snapshot
- Figure 5 Europe Smart Farming Market (by Solution), 2018 and 2023
- Figure 6 Europe Smart Farming Market (by Application), $Million, 2018-2023
- Figure 7 Europe Smart Farming Market Size (by Country), 2018-2023
- Figure 1.1 Market Dynamics
- Figure 1.2 Impact Analysis of Drivers
- Figure 1.3 Role of ICT in Farming
- Figure 1.4 Mean Temperature Change (Degree Celsius) of Meteorological Year, 1961-2017
- Figure 1.5 Impact Analysis of Restraints
- Figure 1.6 Contribution of 3D Printing Applications, 2017 and 2022
- Figure 1.7 Applications of Blockchain Technology in Agriculture
- Figure 2.1 Strategies Adopted by the Key Players
- Figure 2.2 Share of Key Market Strategies and Developments
- Figure 2.3 Product Launches and Development Share (by Companies)
- Figure 2.4 Business Expansion and Contracts Share (by Companies)
- Figure 2.5 Partnerships, Collaborations, and Joint Ventures Share (by Companies)
- Figure 2.6 Mergers and Acquisitions Share (by Companies)
- Figure 2.7 Livestock Monitoring and Management Market Share Analysis of Leading Players,2017(%)
- Figure 3.1 Porter’s Five Forces Analysis for the Smart Farming Market
- Figure 3.2 Opportunities and Challenges for Agricultural Robots
- Figure 3.3 Types of Agricultural Robots
- Figure 3.4 Key Types of UAV/Drone
- Figure 3.5 Major Applications of UAV/Drone for Smart Farming
- Figure 3.6 Benefits of Milking Robots
- Figure 3.7 Applications of Agricultural Robots
- Figure 3.8 Advantages of Driverless Tractors in Farming
- Figure 4.1 Major Smart Farming Solutions
- Figure 4.2 Europe Smart Farming Market (by Solution), 2017, 2018, and 2023
- Figure 4.3 Hardware Systems in Europe Smart Farming Market, 2017-2023
- Figure 4.4 Hardware Systems in Europe Smart Farming Market (by Type), 2017, 2018 and 2023
- Figure 4.5 Types of Automation and Control Systems
- Figure 4.6 Hardware Systems in Europe Smart Farming Market (Automation and Control Systems), 2017-2023
- Figure 4.7 Sensing and Navigation Systems (by Type), 2017-2023
- Figure 4.8 Hardware Systems in Europe Smart Farming Market (Sensing and Navigation Systems), 2017-2023
- Figure 4.9 Indoor Farming Equipment (by Type), 2017-2023
- Figure 4.10 Hardware Systems in Americas Smart Farming Market (Indoor Farming Equipment), 2017-2023
- Figure 4.11 Other Hardware Systems Market in Europe Smart Farming Market, 2017-2023
- Figure 4.12 Software in Europe Smart Farming Market, 2017-2023
- Figure 4.13 Software in Europe Smart Farming Market (by Delivery Model), 2017, 2018 and 2023
- Figure 4.14 Advantages of On-Cloud Delivery Model
- Figure 4.15 Advantages of On-Premise Delivery Model
- Figure 4.16 Services in Europe Smart Farming Market, 2017-2023
- Figure 4.17 Types of Services in Smart Farming Market
- Figure 4.18 Services in Europe Smart Farming Market, (by Type) 2017, 2018 and 2023
- Figure 4.19 Services in Europe Smart Farming Market (Integration and Deployment), 2017-2023
- Figure 4.20 Services in Europe Smart Farming Market (Maintenance and Support), 2017-2023
- Figure 4.21 Services in Europe Smart Farming Market (Others), 2017-2023
- Figure 5.1 Applications of Smart Farming Technologies
- Figure 5.2 Europe Smart Farming Market (by Application), 2017, 2018, and 2023
- Figure 5.3 Europe Precision Crop Farming Market, 2017-2023
- Figure 5.4 Europe Livestock Monitoring and Management Market, 2017-2023
- Figure 5.5 Europe Indoor Farming Market, 2017-2023
- Figure 5.6 Europe Aquaculture Market, 2017-2023
- Figure 6.1 Europe Smart Farming Market (by Country), 2017-2023
- Figure 6.2 Farmer Adoption Rate of Agricultural Innovations in Germany, 2016
- Figure 6.3 Germany Smart Farming Market, 2017-2023
- Figure 6.4 The U.K. Smart Farming Technology Adoption Curve
- Figure 6.5 The U.K. Smart Farming Market, 2017-2023
- Figure 6.6 France Smart Farming Market, 2017-2023
- Figure 6.7 Italy Smart Farming Market, 2017-2023
- Figure 6.8 Spain Smart Farming Market, 2017-2023
- Figure 6.9 The Netherlands Smart Farming Market, 2017-2023
- Figure 6.10 Poland Smart Farming Market, 2017-2023
- Figure 6.11 Czech Republic Smart Farming Market, 2017-2023
- Figure 6.12 Rest-of-Europe Smart Farming Market, 2017-2023
- Figure 7.1 Share of Key Companies
- Figure 7.2 AGCO Corporation: Overall Financials, 2015-2017
- Figure 7.3 AGCO Corporation: Net Revenue (by Region), 2015-2016
- Figure 7.4 AGCO Corporation: Net Revenue (by Region), 2017
- Figure 7.5 AGCO Corporation: Net Revenue by Business Segment, 2015-2017
- Figure 7.6 AGCO Corporation: SWOT Analysis
- Figure 7.7 CNH Industrial: Overall Financials, 2015-2017
- Figure 7.8 CNH Industrial: Net Revenue (by Region), 2015-2017
- Figure 7.9 CNH Industrial: Net Revenue by Business Segment, 2015-2017
- Figure 7.10 CNH Industrial: SWOT Analysis
- Figure 7.11 Deere and Company: Overall Financials, 2015-2017
- Figure 7.12 Deere and Company: Net Revenue (by Region), 2015-2017
- Figure 7.13 Deere and Company: Net Revenue by Business Segment, 2015-2017
- Figure 7.14 Deere and Company: SWOT Analysis
- Figure 7.15 Hexagon Agriculture: SWOT Analysis
- Figure 7.16 Topcon Positioning Systems: SWOT Analysis
- Figure 7.17 Trimble Inc.: Overall Financials, 2015-2017
- Figure 7.18 Trimble Inc.: Net Revenue (by Region), 2015-2017
- Figure 7.19 Trimble Inc.: Net Revenue by Business Segment, 2015-2016
- Figure 7.20 Trimble Inc.: Net Revenue by Business Segment, 2017
- Figure 7.21 Trimble Inc.: SWOT Analysis
- Figure 7.22 Dairymaster: SWOT Analysis
- Figure 7.23 DeLaval: SWOT Analysis
- Figure 7.24 Fullwood Ltd.: SWOT Analysis
- Figure 7.25 Lely S.a.r.l: SWOT Analysis
- Figure 7.26 Osram Licht AG: Overall Financials, 2015-2017
- Figure 7.27 Osram Licht AG: Net Revenue (by Region), 2015-2017
- Figure 7.28 Osram Licht AG: Net Revenue by Business Segment, 2015-2017
- Figure 7.29 Osram Licht AG: SWOT Analysis
- Figure 7.30 Philips Lighting: Overall Financials, 2015-2017
- Figure 7.31 Philips Lighting: Net Revenue (by Region), 2015-2017
- Figure 7.32 Philips Lighting: Net Revenue (by Business Segment), 2015-2017
- Figure 7.33 Philips Lighting: SWOT Analysis
- Figure 7.34 AKVA Group: Overall Financials, 2015-2017
- Figure 7.35 AKVA Group: Net Revenue (by Region), 2015-2017
- Figure 7.36 AKVA Group: Net Revenue (by Business Segment), 2015-2017
- Figure 7.37 AKVA Group: SWOT Analysis
- Figure 8.1 Europe Smart Farming Market Scope
- Figure 8.2 Report Design
- Figure 8.3 Primary Interview Breakdown, by Companies, Designation, and Region
- Figure 8.4 Sources of Secondary Research
- Figure 8.5 Data Triangulation
- Figure 8.6 Top-Down and Bottom-Up Approach