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Global Smart Farming Market 2017-2021

Global Smart Farming Market 2017-2021

About Smart Farming

Smart farming is the application of modern information and communication technologies (ICT) in agriculture to increase crop production. In smart farming, most modern systems are used for gaining continuous sustainability, along with achieving the best of quality, quantity, and return on investment. Smart farming uses a range of technologies that include global positioning system (GPS), sensors, controllers, light emitting diode (LED) lights, software, and so on to enhance the yield of crops.

Technavio’s analysts forecast the global smart farming market to grow at a CAGR of 12.24% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart farming market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Farming Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AGCO
  • Ag Leader Technology
  • DICKEY-john
  • John Deere
  • Raven Industries
Other prominent vendors
  • Auroras
  • Farmers Edge
  • Iteris
  • PrecisionHawk
  • Precision Planting
  • Trimble
Market driver
  • Availability of low-cost cloud services encourages farmers to adopt smart farming
  • For a full, detailed list, view our report
Market challenge
  • High initial investment in smart farming technology
  • For a full, detailed list, view our report
Market trend
  • Big data in smart farming
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Smart Farming Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart farming market: AGCO, Ag Leader Technology, DICKEY-john, John Deere, and Raven Industries.

Other Prominent Vendors in the market are: Auroras, Farmers Edge, Iteris, PrecisionHawk, Precision Planting, and Trimble.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is big data in smart farming. Big data in smart farming is giving rise to a lot of opportunities in the agriculture industry. Improvement in wireless communication in the agricultural field is leading to growth in production level. Moreover, improvements in functional safety, and repair and maintenance of equipment in the field are giving rise to a crop production level.”

According to the report, one driver in the market is availability of low-cost cloud services encourages farmers to adopt smart farming. Currently, farming applications are increasingly moving to the cloud system, with farmers aiming at benefits in terms of better data access, availability of information, synchronization in different farming activities, and storage of valuable information. In smart farming, sensors and other monitoring tools are of great importance as they collect information about the soil, crop health, and environmental conditions that might affect the crops. The vast amount of information generated by these monitoring devices is collected in the cloud so that farmers can get easy access to the information they need.

Further, the report states that one challenge in the market is high initial investment in smart farming technology. The adoption of smart farming tools and techniques in both hardware and software is growing worldwide. However, investment in these tools is a major concern in many places. Some farmers find it difficult to afford, implement, and upgrade the technology of the tools. Moreover, software integration is expensive and requires high initial investment. The charges for other data analytics tools and training are also high, which adds to the overall cost incurred by farmers.

Companies Mentioned

AGCO, Ag Leader Technology, DICKEY-john, John Deere, Raven Industries, Auroras, Farmers Edge, Iteris, PrecisionHawk, Precision Planting, and Trimble.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Advantages of smart farming
  • Market landscape
    • Market ecosystem
      • Table Global automation and robotics market in agriculture
      • Table Global smart farming market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition – Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global smart farming market – Market size and forecast 2016-2021 ($ mn)
      • Table Global smart farming market – Year-over-year growth 2017-2021 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Segmentation by product
      • Table Global smart farming market by product – Market share 2016-2021 (%)
    • Comparison by product
      • Table Comparison by product
    • Automation and control systems – Market size and forecast 2016-2021
      • Table Global smart farming market by automation and control systems – Market size and forecast 2016-2021 ($ mn)
      • Table Global smart farming market by automation and control systems – Year-over-year growth 2017-2021 (%)
    • Smart agriculture equipment and machinery – Market size and forecast 2016-2021
      • Table Global smart farming market by smart agriculture equipment and machinery – Market size and forecast 2016-2021 ($ mn)
      • Table Global smart farming market by smart agriculture equipment and machinery – Yearover- year growth 2017-2021 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Soil and crop management – Market size and forecast 2016-2021
      • Table Global smart farming market by soil and crop management – Market size and forecast 2016-2021 ($ mn)
      • Table Global smart farming market by soil and crop management – Year-over-year growth 2017-2021 (%)
    • Fleet management – Market size and forecast 2016-2021
      • Table Global smart farming market by fleet management – Market size and forecast 2016-2021 ($ mn)
      • Table Global smart farming market by fleet management – Year-over-year growth 2017-2021(%)
    • Storage and irrigation management – Market size and forecast 2016-2021
      • Table Global smart farming market by storage and irrigation management – Market size and forecast 2016-2021 ($ mn)
      • Table Global smart farming market by storage and irrigation management – Year-over-year growth 2017-2021 (%)
    • Indoor farming – Market size and forecast 2016-2021
      • Table Global smart farming market by indoor farming – Market size and forecast 2016-2021($ mn)
      • Table Global smart farming market by indoor farming – Year-over-year growth 2017-2021 (%)
  • Regional landscape
    • Market opportunity by application
      • Table Market opportunity by application
    • Geographical segmentation
      • Table Global – Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA – Market size and forecast 2016-2021
      • Table Smart farming market in EMEA – Market size and forecast 2016-2021 ($ mn)
      • Table Smart farming market in EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC – Market size and forecast 2016-2021
      • Table Smart farming market in APAC – Market size and forecast 2016-2021 ($ mn)
      • Table Smart farming market in APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Americas – Market size and forecast 2016-2021
      • Table Smart farming market in Americas – Market size and forecast 2016-2021 ($ mn)
      • Table Smart farming market in Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Big data in smart farming
    • IoT in smart farming
    • Robots in agriculture
  • Vendor landscape
    • Competition overview
  • Vendor analysis
    • Vendors covered
    • AGCO
      • Table AGCO: Product portfolio
      • Table AGCO: Recent developments
    • Ag Leader Technology
      • Table Ag Leader Technology: Segments of precision farming products
      • Table Ag Leader Technology: Product portfolio
      • Table Ag Leader Technology: Recent developments
    • DICKEY-john
      • Table DICKEY-john: Segments of agriculture products
      • Table DICKEY-john: Product portfolio
      • Table DICKEY-john: Recent developments
    • John Deere
      • Table John Deere: Segments of Precision Ag Technology
      • Table John Deere: Product portfolio
      • Table John Deere: Recent developments
    • Raven Industries
      • Table Raven Industries: Segments of precision agriculture products
      • Table Raven Industries: Product portfolio
      • Table Raven Industries: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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