1. Market Research
  2. > Agriculture Market Trends

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 2022

  • March 2017
  • 212 pages
  • MarketsandMarkets
Report ID: 3607241

Summary

Table of Contents

Search Inside

“Increasing application of technologies in agriculture and government’s support to adopt modern agricultural techniques to drive the growth of the smart agriculture market”

The smart agriculture market is expected to grow from USD 5.18 billion in 2016 to USD 11.23 billion by 2022, at a CAGR of 13.27% between 2017 and 2022. Smart agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for increasing crop productivity. It includes the use of modern technologies of farming that help in improving the quality of food and increasing the yield of farms. The major restraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.

“Precision farming applications held the largest share of the smart agriculture market in 2016”

Smart agriculture tools are most widely used in precision farming as they play a vital role in improving farm efficiency and help growers in maximizing their crop yields. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes weather conditions, soil properties, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps to identify different soil parameters to maintain the nutrient level of the soil.

“Smart agriculture market in APAC to grow at a significant rate between 2016 and 2022”

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 2017 and 2022. In APAC, countries specifically India, Australia, China, and Japan are, currently, witnessing the high growth rate and hold a major share of the smart agriculture market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with the key experts.

The breakup of the profiles of primary participants is as follows:
- By Company Type: Tier 1 -55 %, Tier 2 -20%, and Tier 3 –25%
- By Designation: C-Level Executives -75% and Managers -25%
- By Geography: Americas -40%, Europe -30%, APAC -20%, and RoW -10%

The companies that provide a range of customized solutions to customers are expected to emerge as the game changers.

The key players in the smart agriculture market profiled in the report are as follows:
1. Deere & Company (U.S.)
2. Trimble, Inc. (U.S.)
3. Raven Industries, Inc. (U.S.)
4. AgJunction, Inc. (U.S.)
5. AGCO Corporation (U.S.)
6. The Climate Corporation (U.S.)
7. AG Leader Technology (U.S.)
8. Precision Planting, Inc. (U.S.)
9. SST Development Group, Inc. (U.S.)
10. Topcon Positioning Systems, Inc. (U.S.)
11. Semiosbio Technologies, Inc. (Canada)
12. DeLaval Corporation (Sweden)
13. GEA Group AG (Germany)
14. BouMatic, LLC. (U.S.)

Research Coverage
This report covers the smart agriculture market based on agriculture type, offering, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the smart agriculture market.

Key Benefits of Buying the Report
The report would help the market leaders or new entrants in the following ways:
1. This report segments the overall market comprehensively and provides the closest approximations of the global smart agriculture market size and that of the subsegments across different applications and regions.
2. The report would help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities in the smart agriculture market.
3. This report would help stakeholders better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions related to the smart agriculture market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

World Agricultural and Forestry Tractor Market to 2021 - Market Size, Development, and Forecasts

  • $ 24725
  • Industry report
  • April 2017
  • by Global Research & Data Services

The report package World Agricultural and Forestry Tractor Market to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook ...

World Agricultural and Forestry Machinery Market to 2021 - Market Size, Development, and Forecasts

  • $ 24725
  • Industry report
  • April 2017
  • by Global Research & Data Services

The report package World Agricultural and Forestry Machinery Market to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future ...

Agricultural and Forestry Tractor Market in Europe to 2021 - Market Size, Development, and Forecasts

  • $ 12356
  • Industry report
  • April 2017
  • by Global Research & Data Services

The report package Agricultural and Forestry Tractor Market in Europe to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.