Global Agriculture Technologies Market, By Offering (Hardware, Software and Services), Agricultural Type (Precision Farming, Live Stock Monitoring and Others), Application (Fish Farming, Smart Green House, Precision Farming Applications, Livestock Monitoring Applications and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Agriculture technologies market is expected to grow by USD 19.86 billion at CAGR of 12.61% in the forecast period of 2021 to 2028. Data Bridge Market Research report on agriculture technologies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Rise in the demand for food across the globe for ever growing population has been directly impacting the growth of agriculture technologies market.
Agricultural technologies are used in hardware or machines which are used in the farming process. These technologies make the machinery work in the same way as to be done by humans and animals for farming. It has brought a revolutionary change in modern farming on the global level. Agricultural technology is used to produce machinery to be employed in agriculture and to make food products.
Several technologies such as humidity and temperature sensors, robots, aerial photography, GPS technology, and others are used in the agricultural and food industries. Robotic systems and advanced devices provide a business that is efficient, friendly, secure, and profitable. Other major technologies widely used on farms include harvesting automation, independent tractors, sowing and weeding, and drones. Farm automation technology looks at major issues such as global population growth, shortage of farmworkers, and changes in consumer preferences.
Rise in usage of technology in the farming process worldwide as it is more effective than human work process which is a driving factor for the agriculture technologies market. Increases in the necessity to adopt agricultural technology to do the agricultural work faster are also a driver for the agriculture technologies market. The increasing need for examining the health of the live stocks and to take the necessary steps within the growth cycle as the market is moving towards quality with the quantity which is an opportunity for the agriculture technologies market.
The agricultural industry is very fragmented because of this the technology within the agriculture are not being implemented globally which is a challenge for the agriculture technologies market. However, less skilled farmer which do not have much technological knowledge on how to use the agricultural technology which is the main restraint for the growth of agriculture technologies market during the forecast period of 2021- 2028.
This agriculture technologies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research agriculture technologies market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In October 2018, the Watson decision platform for agriculture to be driven by IBM Corporation which will integrate data and artificial intelligence within farming. This will help the food producers and their suppliers to easily manage their raw materials and finished products.
Agriculture Technologies Market Scope and Market Size
Agriculture technologies market is segmented on the basis of offering, agricultural type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on offering, the agriculture technologies market has been segmented into hardware, software and services. Hardware is further segmented into precision farming hardware, livestock monitoring hardware, fish farming hardware, smart greenhouse hardware. Software is further segmented into local/web based and cloud based. Services is further segmented into system integration & consulting, managed services, connectivity services, assisted professional services, maintenance and support. Precision farming hardware is further sub-segmented into automation and control systems and sensing and monitoring systems. Livestock monitoring hardware is further sub segmented into RFID tags & readers, sensors, transmitters & mounting equipment, GPS, others. Fish farming hardware is further sub-segmented into GPS/GNSS, sensors and others. Smart greenhouse hardware is further sub segmented into HVAC systems, LED grow lights, sensors and others. Cloud based is further sub segmented into software as a service (SaaS) and platform as a service (PaaS).
- Agriculture technologies market on the basis of agricultural type has been segmented as precision farming, livestock monitoring and others.
- Based on application, the agriculture technologies market has been segmented into fish farming, smart green house, precision farming applications, livestock monitoring applications and others.
Agriculture Technologies Market Country Level Analysis
Agriculture technologies market is analysed and market size, volume information is provided by country, offering, agricultural type and application as referenced above.
The countries covered in the agriculture technologies market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe will dominate the agriculture technologies market due to growth of agricultural technology which can be attributed to increased startup activity in agricultural and food innovations, high adoption rates of agricultural technology, and crowdfunding for various indoor agricultural initiatives. While Asia-Pacific will be expected to witness the highest growth rate due to population growth, disposable income, and the deployment of various technologies in the food and agriculture industries.
The country section of the agriculture technologies market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agriculture Technologies Market Share Analysis
Agriculture technologies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agriculture technologies market.
The major players covered in the agriculture technologies market report are Agriculture Technologies Deere & Company, Trimble, Inc., Raven Industries, Agjunction, Inc., AGCO Corporation, AG Leader Technology, Precision Planting, Inc., SST Development Group, Inc., Teejet Technologies, Topcon Positioning Systems, Inc., Dickey-John Corporation and Cropmetrics LLC, Certhon, Nexus Corporation, VEMCO, ScaleAQ, Aquabyte, Fancom BV, BouMatic, Nedap NV, The Climate Corporation, Afimilk Ltd., Antelliq, Heliospectra among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.