
Smart Agriculture Market, By Offering (Hardware, Software, Services), By Agriculture Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Others), By Farm Size (Small Farms, Medium Farms, Large Farms)
Description
Smart Agriculture Market, By Offering (Hardware, Software, Services), By Agriculture Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Others), By Farm Size (Small Farms, Medium Farms, Large Farms), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Smart Agriculture Market is Forecast to Grow at more than 11% until 2028
Smart agriculture market is growing at a high CAGR due to rising investment by the governments as well as large enterprises into integrating smart technologies into the agriculture sector coupled with increasing awareness about the benefits…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global smart agriculture market was worth USD 11.5 billion in the year 2021. The market is projected to grow at a CAGR of more than 11%, earning revenues of around USD 24.3 billion by the end of 2022. The smart agriculture market is growing at a high rate owing to the rising burden of the global population and surging food demand. The environmental consequences of agricultural activities and depleting level of resources such as groundwater is also influencing the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), data analytics, etc., for better management of resources is anticipated to provide lucrative growth opportunities to the global smart agriculture market in the forecast period.
Rising Demand For Weather Monitoring Systems Is Driving The Growth Of The Smart Agriculture Market
The demand for weather monitoring systems is very prominent in the agriculture sector and is also increasing at a high rate owing to the changing climatic conditions and their adverse effects on the crops. The weather monitoring system is highly capable of detecting any sudden changes in the weather and can make real-time alerts. This can help the farmers prevent and reduce weather-related losses. It is also extremely helpful in determining the ideal environmental conditions to grow specific crops.
Increasing Investment Towards Human Resources Is Propelling The Overall Market Growth
Smart agriculture technologies may generate data or create insights but it will go in vain without skilled people who are not well-equipped with the knowledge. This also acts as a major restraint for market growth. Therefore, many public and private bodies are focusing and investing in the training of human resources for smart agriculture management. For instance, Tanzania has trained over 12,000 young university graduates on smart agriculture to develop professional skills.
Smart Agriculture Market - By Farm Size
Based on farm size, the smart agriculture market is segmented into small farms, medium farms, and large farms. Medium-sized farms account for the largest market share because of high ownership in this type of land size. A high number of peasants working on medium-sized farms, especially in developing countries such as India, also plays a crucial factor in propelling its market growth. Furthermore, the implementation of smart agriculture tools and technologies is much more convenient in this land size along with a high return on investment compared to other farm sizes, which also favor its market growth.
Smart Agriculture Market - Regional Insights
Geographically, the smart agriculture market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the smart agriculture market. However, the Asia-Pacific region is anticipated to witness the highest CAGR during the forecast period. The rising government support and increasing population density of the developing countries in this region are emerging as the major driving factors for the smart agriculture market. Furthermore, the production of smart agriculture components and hardware in countries such as China, Japan, India, etc., is also increasing its penetration, driving the overall market growth.
Impact of COVID-19 on Smart Agriculture Market
The smart agriculture market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. Agricultural activities in different parts of the world were halted due to lockdown and social distancing norms. Furthermore, the disruptions in the supply chain and manufacturing activities also hindered the production and distribution of hardware components involved in smart agriculture. However, the market is projected to recover in the post-lockdown period owing to the expanding scope of cloud computing and data analytics and the availability of hardware components.
Competitive Landscape
The leading market players of the smart agriculture market are John Deere, LumiGrow, Trimble, Heliospectra, Topcon Positioning Systems, InnovaSea Systems, DeLaval, Afimilk, AKVA, Antelliq, AgEagle Aerial Systems Inc., Raven Industries, Inc., GEA Group, The Climate Corporation, Autonomous Solutions, Inc., SST Development Group, Inc., Argus Control Systems Ltd, Gamaya, Grownetics, Inc., Granular, Inc., DroneDeploy, Farmers Edge Inc., BouMatic Robotic B.V., and other prominent players.
The smart agriculture market is fragmented with the presence of several global and regional industry participants. However, several startups are also emerging with significant growth potential owing to a flourishing market. The companies constantly launch new technologies to gain market traction and significantly invest in r&d activities to innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
Don’t miss the business opportunity of the smart agriculture market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the smart agriculture market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the smart agriculture market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Smart Agriculture Market is Forecast to Grow at more than 11% until 2028
Smart agriculture market is growing at a high CAGR due to rising investment by the governments as well as large enterprises into integrating smart technologies into the agriculture sector coupled with increasing awareness about the benefits…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global smart agriculture market was worth USD 11.5 billion in the year 2021. The market is projected to grow at a CAGR of more than 11%, earning revenues of around USD 24.3 billion by the end of 2022. The smart agriculture market is growing at a high rate owing to the rising burden of the global population and surging food demand. The environmental consequences of agricultural activities and depleting level of resources such as groundwater is also influencing the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), data analytics, etc., for better management of resources is anticipated to provide lucrative growth opportunities to the global smart agriculture market in the forecast period.
Rising Demand For Weather Monitoring Systems Is Driving The Growth Of The Smart Agriculture Market
The demand for weather monitoring systems is very prominent in the agriculture sector and is also increasing at a high rate owing to the changing climatic conditions and their adverse effects on the crops. The weather monitoring system is highly capable of detecting any sudden changes in the weather and can make real-time alerts. This can help the farmers prevent and reduce weather-related losses. It is also extremely helpful in determining the ideal environmental conditions to grow specific crops.
Increasing Investment Towards Human Resources Is Propelling The Overall Market Growth
Smart agriculture technologies may generate data or create insights but it will go in vain without skilled people who are not well-equipped with the knowledge. This also acts as a major restraint for market growth. Therefore, many public and private bodies are focusing and investing in the training of human resources for smart agriculture management. For instance, Tanzania has trained over 12,000 young university graduates on smart agriculture to develop professional skills.
Smart Agriculture Market - By Farm Size
Based on farm size, the smart agriculture market is segmented into small farms, medium farms, and large farms. Medium-sized farms account for the largest market share because of high ownership in this type of land size. A high number of peasants working on medium-sized farms, especially in developing countries such as India, also plays a crucial factor in propelling its market growth. Furthermore, the implementation of smart agriculture tools and technologies is much more convenient in this land size along with a high return on investment compared to other farm sizes, which also favor its market growth.
Smart Agriculture Market - Regional Insights
Geographically, the smart agriculture market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the smart agriculture market. However, the Asia-Pacific region is anticipated to witness the highest CAGR during the forecast period. The rising government support and increasing population density of the developing countries in this region are emerging as the major driving factors for the smart agriculture market. Furthermore, the production of smart agriculture components and hardware in countries such as China, Japan, India, etc., is also increasing its penetration, driving the overall market growth.
Impact of COVID-19 on Smart Agriculture Market
The smart agriculture market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. Agricultural activities in different parts of the world were halted due to lockdown and social distancing norms. Furthermore, the disruptions in the supply chain and manufacturing activities also hindered the production and distribution of hardware components involved in smart agriculture. However, the market is projected to recover in the post-lockdown period owing to the expanding scope of cloud computing and data analytics and the availability of hardware components.
Competitive Landscape
The leading market players of the smart agriculture market are John Deere, LumiGrow, Trimble, Heliospectra, Topcon Positioning Systems, InnovaSea Systems, DeLaval, Afimilk, AKVA, Antelliq, AgEagle Aerial Systems Inc., Raven Industries, Inc., GEA Group, The Climate Corporation, Autonomous Solutions, Inc., SST Development Group, Inc., Argus Control Systems Ltd, Gamaya, Grownetics, Inc., Granular, Inc., DroneDeploy, Farmers Edge Inc., BouMatic Robotic B.V., and other prominent players.
The smart agriculture market is fragmented with the presence of several global and regional industry participants. However, several startups are also emerging with significant growth potential owing to a flourishing market. The companies constantly launch new technologies to gain market traction and significantly invest in r&d activities to innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
Don’t miss the business opportunity of the smart agriculture market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the smart agriculture market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the smart agriculture market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
193 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Smart Agriculture Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Advancement/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Smart Agriculture Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Precision farming
- 5.2.1.2. Livestock
- 5.2.1.3. Aquaculture
- 5.2.1.4. Greenhouse
- 5.2.2. By Component
- 5.2.2.1. Solution
- 5.2.2.1.1. Hardware
- 5.2.2.1.1.1. HVAC system
- 5.2.2.1.1.2. LED grow lights
- 5.2.2.1.1.3. Valves & pumps
- 5.2.2.1.1.4. Sensors & control systems
- 5.2.2.1.1.5. Others
- 5.2.2.2. Software
- 5.2.2.2.1. Network management
- 5.2.2.2.2. Agriculture asset management
- 5.2.2.2.3. Smart water management
- 5.2.2.2.4. Irrigation management
- 5.2.3. By Services
- 5.2.3.1. Consulting
- 5.2.3.2. System integration and deployment
- 5.2.3.3. Support and maintenance
- 5.2.4. By Connectivity technology
- 5.2.4.1. Cellular IoT
- 5.2.4.2. LoRa
- 5.2.4.3. NB-IOT
- 5.2.4.4. Global Navigation Satellite System (GNSS)
- 5.2.4.5. Wi-Fi
- 5.2.4.6. SIGFOX
- 5.2.4.7. Wireline
- 5.2.4.8. Wireless Personal Area Network (WPAN)
- 5.2.4.9. Others
- 5.2.5. By Region
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia Pacific
- 5.2.5.4. Latin America
- 5.2.5.5. The Middle East and Africa
- 6. North America Smart Agriculture Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Component
- 6.2.3. By Services
- 6.2.4. By Connectivity technology
- 6.2.5. By Country
- 6.2.5.1. United States
- 6.2.5.2. Canada
- 7. Europe Smart Agriculture Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Component
- 7.2.3. By Services
- 7.2.4. By Connectivity technology
- 7.2.5. By Country
- 7.2.5.1. Germany
- 7.2.5.2. United Kingdom
- 7.2.5.2.1.
- 7.2.5.3. Italy
- 7.2.5.4. France
- 7.2.5.5. Spain
- 7.2.5.6. Rest of Europe
- 8. The Asia Pacific Smart Agriculture Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Component
- 8.2.3. By Services
- 8.2.4. By Connectivity technology
- 8.2.5. By Country
- 8.2.5.1. China
- 8.2.5.2. India
- 8.2.5.3. Japan
- 8.2.5.4. South Korea
- 8.2.5.5. Rest of Asia Pacific
- 9. Latin America Smart Agriculture Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Component
- 9.2.3. By Services
- 9.2.4. By Connectivity technology
- 9.2.5. By Country
- 9.2.5.1. Brazil
- 9.2.5.2. Mexico
- 9.2.5.3. Rest of Latin America
- 10. The Middle East & Africa Smart Agriculture Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Component
- 10.2.3. By Services
- 10.2.4. By Connectivity technology
- 10.2.5. By Country
- 10.2.5.1. Saudi Arabia
- 10.2.5.2. UAE
- 10.2.5.3. South Africa
- 10.2.5.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership)
- 12. Impact of Covid-19 on Global Smart Agriculture Market Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Ag Leader Technology
- 13.2. AGCO Corporation
- 13.3. AgJunction, Inc.
- 13.4. AgEagle Aerial Systems Inc.
- 13.5. Autonomous Solutions, Inc.
- 13.6. Argus Control Systems Ltd.
- 13.7. BouMatic Robotic B.V.
- 13.8. CropMetrics
- 13.9. CLAAS KGaA mbH
- 13.10. CNH Industrial N.V.
- 13.11. CropZilla
- 13.12. Deere & Company
- 13.13. Other prominent players
- 14. Key Strategic Recommendations
- List of Figures
- Figure 1 Global Smart Agriculture Segmentation
- Figure 2 Global Smart Agriculture Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Smart Agriculture Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Smart Agriculture Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Smart Agriculture Market Share, By Component, By Value, 2018-2028
- Figure 7 Global Smart Agriculture Market Share, By Services, By Value, 2018-2028
- Figure 8 Global Smart Agriculture Market Share, By Connectivity technology, By Value, 2018-2028
- Figure 9 Global Smart Agriculture Market Share, By Region, By Value, 2018-2028
- Figure 10 North America Smart Agriculture Market Size, By Value (USD Million), 2018-2028
- Figure 11 North America Smart Agriculture Market Share, By Type, By Value, 2018-2028
- Figure 12 North America Smart Agriculture Market Share, By Component, By Value, 2018-2028
- Figure 13 North America Smart Agriculture Market Share, By Services, By Value, 2018-2028
- Figure 14 North America Smart Agriculture Market Share, By Country, By Value, 2018-2028
- Figure 15 Europe Smart Agriculture Market Size, By Value (USD Million), 2018-2028
- Figure 16 Europe Smart Agriculture Market Share, By Type, By Value, 2018-2028
- Figure 17 Europe Smart Agriculture Market Share, By Component, By Value, 2018-2028
- Figure 18 Europe Smart Agriculture Market Share, By Services, By Value, 2018-2028
- Figure 19 Europe Smart Agriculture Market Share, By Connectivity technology, By Value, 2018-2028
- Figure 20 Europe Smart Agriculture Market Share, By Country, By Value, 2018-2028
- Figure 21 The Asia-Pacific Smart Agriculture Market Size, By Value (USD Million), 2018-2028
- Figure 22 The Asia-Pacific Smart Agriculture Market Share, By Type, By Value, 2018-2028
- Figure 23 The Asia-Pacific Smart Agriculture Market Share, By Component, By Value, 2018-2028
- Figure 24 The Asia-Pacific Smart Agriculture Market Share, By Services, By Value, 2018-2028
- Figure 25 The Asia-Pacific Smart Agriculture Market Share, By Connectivity technology, By Value, 2018-2028
- Figure 26 The Asia-Pacific Smart Agriculture Market Share, By Country, By Value, 2018-2028
- Figure 27 Latin America Smart Agriculture Market Size, By Value (USD Million), 2018-2028
- Figure 28 Latin America Smart Agriculture Market Share, By Type, By Value, 2018-2028
- Figure 29 Latin America Smart Agriculture Market Share, By Component, By Value, 2018-2028
- Figure 30 Latin America Smart Agriculture Market Share, By Services, By Value, 2018-2028
- Figure 31 Latin America Smart Agriculture Market Share, By Connectivity technology, By Value, 2018-2028
- Figure 32 Latin America Smart Agriculture Market Share, By Country, By Value, 2018-2028
- Figure 33 The Middle East & Africa Smart Agriculture Market Size, By Value (USD Million), 2018-2028
- Figure 34 The Middle East & Africa Smart Agriculture Market Share, By Type, By Value, 2018-2028
- Figure 35 The Middle East & Africa Smart Agriculture Market Share, By Component, By Value, 2018-2028
- Figure 36 The Middle East & Africa Smart Agriculture Market Share, By Services, By Value, 2018-2028
- Figure 37 The Middle East & Africa Smart Agriculture Market Share, By Connectivity technology, By Value, 2018-2028
- Figure 38 The Middle East & Africa Smart Agriculture Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Smart Agriculture Market Size, By Type, By Value, 2018-2028
- Table 2 Global Smart Agriculture Market Size, By Component, By Value, 2018-2028
- Table 3 Global Smart Agriculture Market Size, By Services, By Value, 2018-2028
- Table 4 Global Smart Agriculture Market Size, By Connectivity technology, By Value, 2018-2028
- Table 5 Global Smart Agriculture Market Size, By Region, By Value, 2018-2028
- Table 6 North America Smart Agriculture Market Size, By Type, By Value, 2018-2028
- Table 7 North America Smart Agriculture Market Size, By Component, By Value, 2018-2028
- Table 8 North America Smart Agriculture Market Size, By Services, By Value, 2018-2028
- Table 9 North America Smart Agriculture Market Size, By Connectivity technology, By Value, 2018-2028
- Table 10 North America Smart Agriculture Market Size, By Country, By Value, 2018-2028
- Table 11 Europe Smart Agriculture Market Size, By Type, By Value, 2018-2028
- Table 12 Europe Smart Agriculture Market Size, By Component, By Value, 2018-2028
- Table 13 Europe Smart Agriculture Market Size, By Services, By Value, 2018-2028
- Table 14 Europe Smart Agriculture Market Size, By Connectivity technology, By Value, 2018-2028
- Table 15 Europe Smart Agriculture Market Size, By Country, By Value, 2018-2028
- Table 16 The Asia-Pacific Smart Agriculture Market Size, By Type, By Value, 2018-2028
- Table 17 The Asia-Pacific Smart Agriculture Market Size, By Component, By Value, 2018-2028
- Table 18 The Asia-Pacific Smart Agriculture Market Size, By Services, By Value, 2018-2028
- Table 19 The Asia-Pacific Smart Agriculture Market Size, By Connectivity technology, By Value, 2018-2028
- Table 20 The Asia-Pacific Smart Agriculture Market Size, By Country, By Value, 2018-2028
- Table 21 Latin America Smart Agriculture Market Size, By Type, By Value, 2018-2028
- Table 22 Latin America Smart Agriculture Market Size, By Component, By Value, 2018-2028
- Table 23 Latin America Smart Agriculture Market Size, By Services, By Value, 2018-2028
- Table 24 Latin America Smart Agriculture Market Size, By Connectivity technology, By Value, 2018-2028
- Table 25 Latin America Smart Agriculture Market Size, By Country, By Value, 2018-2028
- Table 26 The Middle East & Africa Smart Agriculture Market Size, By Type, By Value, 2018-2028
- Table 27 The Middle East & Africa Smart Agriculture Market Size, By Component, By Value, 2018-2028
- Table 28 The Middle East & Africa Smart Agriculture Market Size, By Services, By Value, 2018-2028
- Table 29 The Middle East & Africa Smart Agriculture Market Size, By Connectivity technology, By Value, 2018-2028
- Table 30 The Middle East & Africa Smart Agriculture Market Size, By Country, By Value, 2018-2028
- Table 31 Ag Leader Technology Company Overview
- Table 32 AGCO Corporation Company Overview
- Table 33 AgJunction, Inc. Company Overview
- Table 34 AgEagle Aerial Systems Inc. Company Overview
- Table 35 Autonomous Solutions, Inc. Company Overview
- Table 36 Argus Control Systems Ltd. Company Overview
- Table 37 BouMatic Robotic B.V. Company Overview
- Table 38 CropMetrics Company Overview
- Table 39 CLAAS KGaA mbH Company Overview
- Table 40 CNH Industrial N.V. Company Overview
- Table 41 CropZilla Company Overview
- Table 42 Deere & Company Company Overview
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
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