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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 2022

Smart Agriculture Market: Global Forecast until 2022

  • March 2017
  • 212 pages
  • ID: 3607241
In this report:
In 2016, Europe held a share of around ##% of the market for smart greenhouse for hardware, and the market in this region is expected to grow at a CAGR of ##.##% between 2016 and 2022.
The global demand for food is increasing by ##% per year; by 2050, there would be a need to produce ##% more food worldwide compared to the current production pattern.

Summary

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"Increasing application of technologies in agriculture and government's support to take modern agricultural techniques to drive the rise of the smart agriculture market"

The smart agriculture market is forecasted to grow from ~$5.2B in 2016 to ~$11.2B by 2022, at a compound annual growth rate of ~13.3 percent between 2017 and 2022. Smart agriculture implies technology-driven information review of data acquired from the fields and the application of inputs according to the data study for growing crop productivity. It includes the use of modern technologies of farming that help in improving the quality of food and growing the yield of farms. The main restraining factors for the increase ot the smart agriculture market contain the high initial investments and the lack of technical awareness among the growers.

"Precision farming applications held the biggest 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 main application of precision farming used to identify the field variability information, which comprises weather conditions, soil properties, and fertilizers. Soil monitoring is a main application of yield monitoring, which helps to identify various soil parameters to preserve the nutrient level of the soil.

"Smart agriculture market in Asia-Pacific to grow at a significant rate between 2016 and 2022"

Asia-Pac is one of the prospective sectors for smart agriculture. This area has big farmlands and is witnessing a high population rise rate. Asia-Pacific also has a huge regional spread, which comprises China (CN), Japan (JP), India (IN), Australia (AU), and South Korea (KR), among others. The smart agriculture market in Asia-Pac is in an early stage of adoption life cycle and is anticipated to grow at a double digit rate between 2017 and 2022. In Asia-Pacific, countries specifically India, Australia (AU), China (CN), and Japan (JP) are, presently, witnessing the high increase rate and hold a main share of the smart agriculture market in Asia-Pac.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with the main experts.

The breakup of the profiles of primary members taking part is like:

- By Company category: Tier 1 -55 %, Tier 2 -20.0 percent, and Tier 3 -25.0 percent

- By Designation: C-Level Executives -75.0 percent and Managers -25.0 percent

- By Geography: Americas -40.0 percent, Europe -30.0 percent, APAC -20.0 percent, and RoW -10.0 percent

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

Segment Research

This business report includes the smart agriculture market established on agriculture type, offering, application, and area. An in-depth study of the main industry actors has been done to furnish business insights into their business, products and services, and top strategies including new product launches, mergers and acquisitions, alliances, strategic agreements, and collaborations combined with the smart agriculture market.

Main highlights

The analysis would benefit the market top players or new sector entrants in these ways:

1. This document breaks down the global market comprehensively and offers the closest approximations of the overall smart agriculture market size and that of the sub-segments across distinct applications and localities.

2. The market research would benefit partners comprehend the pulse of the sector and offer them information on key market drivers, market restraints, opportunities, and alternatives in the smart agriculture market.

3. This industry report would benefit partners better comprehend their players and obtain additional insights to improve their rank in the sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers and acquisitions associated to the smart agriculture market.

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