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Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2023

Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2023

“Smart agriculture market anticipated to grow at a CAGR of 12.39% from 2018 to 2023”
The smart agriculture market is estimated to be worth USD 7.53 billion in 2018 and is projected to reach USD 13.50 billion by 2023, at a CAGR of 12.39% between 2018 and 2023. Major factors contributing to the growth of the smart agriculture market include the increasing adoption of advanced technologies in various agriculture applications such as precision farming, smart green house, livestock monitoring, and fish farm monitoring. Farmers or growers across the globe are increasingly adopting advanced farming devices and equipment such as steering and guidance technology, sensors, display devices, and farm management software. Major restraints for the smart agriculture market include high initial investment and the lack of technical knowledge among farmers. Smart agriculture requires large initial investment, efficient farming tools, and skilled labor. Major restraining factors for the growth of the smart agriculture market include high initial investments and the lack of technical awareness among growers.

“Fish farming applications expected to grow at the highest CAGR during the forecast period”
The increasing demand for fleet navigation and fish tracking services is the major reason behind the high growth of smart agriculture market in fish farm monitoring. Furthermore, as the world population is expected to reach 9 billion by 2050, demand for aquaculture products will play a key role in ensuring food and nutrition security as the increased demand for food will challenge fish production in the future. Smart agriculture pertaining to fish farming involves the use of techniques and tools such as sensors, GPS, and mobile phones to improve productivity. The implementation of smart technologies in fish farming helps monitor feeding patterns, detect diseases in fish in advance, control water quality, combat illegal fishing, and so on. The GPS technology is used in fishing fleets to navigate efficient fishing locations and track fish migration, among others.

“Smart agriculture market in APAC to grow at a significant rate during 2018-2023”
APAC is one of the prospective markets for smart agriculture. This region has large farmlands and is witnessing a high population growth rate. APAC also has a huge regional spread, which comprises China, Japan, India, Australia, and South Korea, among others. The smart agriculture market in APAC is in an early stage of adoption life cycle and is expected to grow at a double-digit rate between 2018 and 2023. In APAC, countries specifically India, Australia, China, and Japan are, currently, witnessing high growth rate and hold a major share of the smart agriculture market in APAC.

The breakup of primaries conducted during the study is depicted below:
By Company Type: Tier 1 - 35 %, Tier 2 - 40%, and Tier 3 -25%
By Designation: C-Level Executives - 57%, Directors - 29%, and Others - 14%
By Region: Americas- 40%, Europe - 30%, APAC - 20%, and RoW - 10%

Key players operating in the smart agriculture market are Deere & Company (US), (Trimble) (US), AGCO (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), DeLaval (Sweden), GEA Group (Germany), Precision Planting (US), SST Development Group (US), Teejet Technologies (US), Topcon Positioning Systems (US), DICKEY-john Corporation (US), CropMetrics (US), Agribotix (US), and The Climate Corporation (US).

Research Coverage
This report covers the smart agriculture market based on offering, type, application, and region. The smart agriculture market based on offering has been segmented into hardware, software, and services. On the basis of type, the smart agriculture market has been segmented into precision farming, livestock monitoring, fish farm monitoring, smart greenhouse, and others. On the basis of region, the smart agriculture market has been segmented into the Americas, Europe, APAC, and RoW.

Key Benefits of Buying This Report
This report includes the market statistics pertaining to offering, application, type, and region, along with their respective market size.
In-depth analysis of the value chain has been done to provide in-depth insight into the smart agriculture market.
Major drivers, restraints, challenges, and opportunities pertaining to the smart agriculture market have been detailed in this report.
Illustrative segmentation, analysis, and forecast for the market on the basis of offering, application, type, and region have been conducted to provide an overall view of the smart agriculture market.
The report includes an in-depth analysis and ranking of key players.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE SMART AGRICULTURE MARKET
    • SMART AGRICULTURE MARKET IN APAC, BY APPLICATION AND COUNTRY
    • SMART AGRICULTURE MARKET, BY OFFERING
    • SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE
    • SMART AGRICULTURE MARKET, BY COUNTRY (2018–2023)
  • MARKET OVERVIEW
    • MARKET EVOLUTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
      • BURNING ISSUES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • MAJOR STAKEHOLDERS IN THE SMART AGRICULTURE MARKET
    • KEY INDUSTRY TRENDS
      • INTERNET OF THINGS (IOT) SHAPING SMART AGRICULTURE MARKET
      • INCREASING USE OF M2M SOLUTIONS IN AGRICULTURE
      • ADVENT OF ARTIFICIAL INTELLIGENCE (AI) IN AGRICULTURE AND LIVESTOCK MONITORING
  • SMART AGRICULTURE MARKET, BY OFFERING
    • INTRODUCTION
      • Table SMART AGRICULTURE MARKET, BY OFFERING, 2015–2023 (USD MILLION)
    • HARDWARE
      • Table SMART AGRICULTURE HARDWARE MARKET, BY REGION, 2015–2023 (USD MILLION)
      • PRECISION FARMING HARDWARE
        • Table PRECISION FARMING HARDWARE MARKET, BY HARDWARE TYPE, 2015–2023 (USD MILLION)
        • Table PRECISION FARMING SMART AGRICULTURE MARKET FOR AUTOMATION AND CONTROL SYSTEMS, BY DEVICE TYPE, 2015–2023 (USD MILLION)
        • Table PRECISION FARMING SMART AGRICULTURE MARKET FOR AUTOMATION AND CONTROL SYSTEMS, BY REGION, 2015–2023 (USD MILLION)
        • Table PRECISION FARMING SENSING AND MONITORING DEVICES MARKET, BY DEVICE TYPE, 2015–2023 (USD MILLION)
        • Table PRECISION FARMING SENSING AND MONITORING DEVICES MARKET, BY GEOGRAPHY, 2015–2023 (USD MILLION)
      • LIVESTOCK MONITORING HARDWARE
        • Table LIVESTOCK MONITORING HARDWARE MARKET, BY DEVICE TYPE, 2015–2023 (USD MILLION)
        • Table LIVESTOCK MONITORING HARDWARE MARKET, BY REGION, 2015–2023 (USD MILLION)
      • FISH FARMING HARDWARE
        • Table FISH FARMING SMART AGRICULTURE HARDWARE MARKET, BY DEVICE TYPE, 2015–2023 (USD MILLION)
        • Table FISH FARMING SMART AGRICULTURE HARDWARE MARKET, BY REGION, 2015–2023 (USD MILLION)
      • SMART GREENHOUSE HARDWARE
        • Table SMART GREENHOUSE HARDWARE MARKET , BY DEVICE TYPE, 2015–2023 (USD MILLION)
        • Table SMART GREENHOUSE HARDWARE MARKET, BY GEOGRAPHY, 2015–2023 (USD MILLION)
    • SOFTWARE
      • Table SMART AGRICULTURE SOFTWARE MARKET, BY REGION, 2015–2023 (USD MILLION)
      • Table PRECISION FARMING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2015–2023 (USD MILLION)
      • Table LIVESTOCK MONITORING SOFTWARE & SOLUTION MARKET, BY DEPLOYMENT TYPE, 2015–2023 (USD MILLION)
      • Table FISH FARM MONITORING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2015–2023 (USD MILLION)
      • Table SMART GREENHOUSE SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2015–2023 (USD MILLION)
      • Table OTHER SMART AGRICULTURE SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2015–2023 (USD MILLION)
      • LOCAL/WEB BASED
      • CLOUD BASED
    • SERVICES
      • Table SMART AGRICULTURE SERVICES MARKET, BY GEOGRAPHY, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE PRECISION FARMING MARKET, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table LIVESTOCK MONITORING SMART AGRICULTURE MARKET, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table FISH FARMING SMART AGRICULTURE MARKET, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table SMART GREENHOUSE MARKET, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table OTHER SMART AGRICULTURE MARKET, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • SYSTEM INTEGRATION AND CONSULTING
      • MANAGED SERVICES
      • CONNECTIVITY SERVICES
      • ASSISTED PROFESSIONAL SERVICES
      • MAINTENANCE AND SUPPORT
  • SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE
    • INTRODUCTION
      • Table SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
    • PRECISION FARMING
      • Table PRECISION FARMING MARKET, BY OFFERING, 2015–2023 (USD MILLION)
      • Table PRECISION FARMING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table PRECISION FARMING MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
      • Table PRECISION FARMING MARKET, BY GEOGRAPHY, 2015–2023 (USD MILLION)
    • LIVESTOCK MONITORING
      • Table LIVESTOCK MONITORING MARKET, BY OFFERING, 2015–2023 (USD MILLION)
      • Table LIVESTOCK MONITORING MARKET, BY GEOGRAPHY, 2015–2023 (USD MILLION)
    • SMART GREENHOUSE
      • Table SMART GREENHOUSE MARKET, BY OFFERING, 2015–2023 (USD MILLION)
      • Table SMART GREENHOUSE MARKET, BY GEOGRAPHY, 2015–2023 (USD MILLION)
    • FISH FARM MONITORING
      • Table MARKET FOR FISH FARM MONITORING, BY OFFERING, 2015–2023 (USD MILLION)
      • Table MARKET FOR FISH FARM MONITORING, BY GEOGRAPHY, 2015–2023 (USD MILLION)
    • OTHERS
      • Table MARKET FOR OTHER AGRICULTURE TYPES, BY OFFERING, 2015–2023 (USD MILLION)
      • Table MARKET FOR OTHER AGRICULTURE TYPES, BY GEOGRAPHY, 2015–2023 (USD MILLION)
  • SMART AGRICULTURE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table SMART AGRICULTURE MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
    • PRECISION FARMING APPLICATION
      • Table SMART AGRICULTURE MARKET FOR PRECISION FARMING, BY APPLICATION, 2015–2023 (USD MILLION)
      • YIELD MONITORING
      • FIELD MAPPING
      • CROP SCOUTING
      • WEATHER TRACKING & FORECASTING
      • IRRIGATION MANAGEMENT
      • INVENTORY MANAGEMENT
      • FARM LABOR MANAGEMENT
      • FINANCIAL MANAGEMENT
      • OTHERS
    • LIVESTOCK MONITORING APPLICATIONS
      • Table SMART AGRICULTURE MARKET FOR LIVESTOCK MONITORING, BY APPLICATION, 2015–2023 (USD MILLION)
      • FEEDING MANAGEMENT
      • HEAT STRESS MANAGEMENT
      • MILK HARVESTING MANAGEMENT
      • BREEDING MANAGEMENT
      • ANIMAL COMFORT MANAGEMENT
      • BEHAVIOUR MONITORING & MANAGEMENT
      • OTHERS
    • FISH FARMING APPLICATIONS
      • Table SMART AGRICULTURE MARKET FOR FISH FARMING, BY APPLICATION, 2015–2023 (USD MILLION)
      • FISH TRACKING & FLEET NAVIGATION
      • FEEDING MANAGEMENT
      • WATER QUALITY MANAGEMENT
      • OTHERS
    • SMART GREENHOUSE APPLICATIONS
      • Table MARKET FOR SMART GREENHOUSE, BY APPLICATION, 2015–2023 (USD MILLION)
      • HVAC MANAGEMENT
      • YIELD MONITORING
      • WATER & FERTILIZER MANAGEMENT
    • OTHERS
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SMART AGRICULTURE MARKET, BY REGION, 2015–2023 (USD MILLION)
    • AMERICAS
      • Table SMART AGRICULTURE MARKET IN THE AMERICAS, BY OFFERING, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN THE AMERICAS, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN THE AMERICAS, BY REGION, 2015–2023 (USD MILLION)
      • NORTH AMERICA
        • Table SMART AGRICULTURE MARKET IN NORTH AMERICA, BY OFFERING, 2015–2023 (USD MILLION)
        • Table SMART AGRICULTURE MARKET IN NORTH AMERICA, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
        • Table SMART AGRICULTURE MARKET IN NORTH AMERICA, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • SOUTH AMERICA
        • Table SMART AGRICULTURE MARKET IN SOUTH AMERICA, BY OFFERING, 2015–2023 (USD MILLION)
        • Table SMART AGRICULTURE MARKET IN SOUTH AMERICA, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
        • Table SMART AGRICULTURE MARKET IN SOUTH AMERICA, BY COUNTRY/REGION, 2015-2023 (USD MILLION)
    • EUROPE
      • Table SMART AGRICULTURE MARKET IN EUROPE, BY OFFERING, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN EUROPE, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • NETHERLANDS
      • REST OF EUROPE
    • APAC
      • Table SMART AGRICULTURE MARKET IN APAC, BY OFFERING, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN APAC, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • CHINA
      • JAPAN
      • AUSTRALIA
      • INDIA
      • SOUTH KOREA
      • REST OF APAC
    • REST OF THE WORLD
      • Table SMART AGRICULTURE MARKET IN ROW, BY OFFERING, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN ROW, BY AGRICULTURE TYPE, 2015–2023 (USD MILLION)
      • Table SMART AGRICULTURE MARKET IN ROW, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • RUSSIA
      • AFRICA
      • MIDDLE EAST
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS, 2017
      • Table MARKET RANKING OF THE TOP 5 PLAYERS IN THE SMART AGRICULTURE MARKET, 2017
    • COMPETITIVE SITUATION AND TRENDS
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS, 2015–2018
      • AGREEMENTS, PARTNERSHIPS, AND CONTRACTS
        • Table AGREEMENTS, PARTNERSHIPS, AND CONTRACTS, 2015–2018
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2014–2017
  • COMPANY PROFILES
    • KEY PLAYERS
      • DEERE & COMPANY
      • TRIMBLE
      • AGCO
      • AGJUNCTION
      • RAVEN INDUSTRIES
      • DELAVAL (SUBSIDIARY OF TETRA LAVAL INTERNATIONAL)
      • GEA GROUP
      • AG LEADER TECHNOLOGY
      • TEEJET TECHNOLOGIES
      • TOPCON POSITIONING SYSTEMS
    • OTHER IMPORTANT PLAYERS
      • DICKEY-JOHN
      • CROP METRICS
      • SST DEVELOPMENT GROUP
      • GEOSYS
      • DAIRY MASTER
    • STARTUP ECOSYSTEM
      • THE CLIMATE CORPORATION (SUBSIDIARY OF MONSANTO)
      • CAINTHUS
      • TEVATRONIC
      • GRANULAR
      • AMAIZZ
      • HEXAGON AGRICULTURE
      • YIELD LAB
      • AGRIBOTIX
      • PROSPERA TECHNOLOGY
      • AGRIVI
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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