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Global Connected Agriculture Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Connected Agriculture Market, By Component (Solution, Platforms and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management and Post-Production Planning and Management) – Industry Trends and Forecast to 2029

 

Connected Agriculture Market

Market Analysis and Size

Through mobile technology, connected agriculture supports various stakeholders along the farming or agriculture value chain. This technology encompasses a wide range of equipment and sub-segments, including data, connectivity networks, voice, and others. The advent of connected agriculture has increased access to financial solutions. Furthermore, with connected agriculture technology, access to affordable financial solutions can be tailored for agricultural purposes.

Data Bridge Market Research analyses that the connected agriculture market to grow at a CAGR of 18.93% during the forecast period. Data Bridge Market Research report on Connected agriculture 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. The major factors driving the growth of the connected agriculture market are an increase in farm yield combined with less reliance on labour, an increase in global population compelling a shift toward smart agriculture practises, and an increase in the availability of weather forecasting and predictability tools and services.

Market Definition

Connected agriculture is a technological solution that offers advanced solutions to a variety of agricultural issues. This is accomplished through the use of sensors, satellite imagery, GPS, and big data analytics. Connected agriculture helps farmers improve their output/production while also increasing their contribution to the overall agricultural sector.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Component (Solution, Platforms and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management and Post-Production Planning and Management)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Grownetics, Inc. (US), Auroras s.r.l. (Italy), Granular, Inc. (San Francisco), TOPCON CORPORATION (Japan), The Climate Corporation (US), Farmers Edge Inc (Canada), DICKEY-john. (US), Conservis (US), Ag Leader Technology. (US), Raven Industries, Inc. (US), Iteris, Inc. (US), Reed Business Information Ltd (US), AgJunction (Canada), Trimble Inc. (US), Deere & Company. (US), Mothive (US), CropX inc. (US), Ceres Imaging, Inc (US), GAMAYA (Switzerland), AgriData Incorporated. (US), AgEagle Aerial Systems Inc. (US),and Aker Solutions (Norway), among others

 

 

Opportunities

  • The use of modern technologies such as mapping softwarevariable rate technology (VRT), yield mapping software, GPS, and data management software are bolstering the growth.
  • Improve land fertility and profitability, facilitate sustainable agriculture, maximise productivity, are bolstering the growth.      

 

 

 

 

Connected Agriculture Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Use of modern technologies in agricultural products

In agricultural products, the use of modern technologies such as mapping software, variable rate technology (VRT), yield mapping software, GPS, and data management software helps to improve land fertility and profitability, facilitate sustainable agriculture, maximise productivity, and reduce farming costs.     

Administrative efforts and campaigns

The administration has launched a campaign to persuade agro-industrialists and farmers to advance and increase their field yield. This has boosted the exchange market in farming areas suffering from clay and H2O degeneration. Furthermore, the rise in society necessitates the creation of a food market, which, if realised, is expected to expand business expansion.

Restraints

However, the high investment associated with installation of this technology will pose a major challenge to the market growth. The lack of awareness about the concept of connected agriculture in developing and underdeveloped economies will further derail market growth.

This connected agriculture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the connected agriculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Connected Agriculture Market

The smart agriculture market gained traction in the latter half of 2020 as a result of new orders and contracts. With rising demand for equipment and automation products in various applications such as precision farming, precision livestock, precision aquaculture, precision forestry, smart greenhouse, and horticulture, the market is expected to experience a U-shaped recovery in 2021. As a result, the need for automation and the adoption of advanced technologies in agriculture is expected to drive the growth of the smart agriculture market.

Recent Development

  • DeLaval introduced the RC550 and RC700 robot collectors for solid floors in March 2021, with the goal of improving cow comfort and hoof condition. They can handle any manure without using additional water thanks to their unique rotary manure intake system.
  • John Deere made significant advancements to its flagship digital product, the Operations Center, in January 2021, by adding a new Work Planner feature that allows farmers to streamline their work setup experience and help operators work more quickly in the field. It provides farmers with a comprehensive tool for managing their farms, including the ability to set up, plan, monitor, and analyse data.

Global Connected Agriculture Market Scope

The connected agriculture market is segmented on the basis of component and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Solution
  • Platform
  • Services

On the basis of component, the connected agriculture market is segmented into solution, platforms and services. Solution segment is sub-segmented into network management, agriculture asset management, supervisory control and data acquisition, logistics and supply chain management and smart water management. Network Management segment is further bifurcated into remote monitoring, network bandwidth management, analytics and network and application security. Platforms segment is sub-segmented into device management, application enablement and connectivity management. Services segment is sub-segmented into consulting, integration and implementation and support and maintenance.

Application

  • Pre-production planning and management
  • In-production planning and management
  • Post-production planning and management

On the basis of application, the connected agriculture market is segmented into pre-production planning and management, in-production planning and management and post-production planning and management. Pre-production planning and management segment is sub-segmented into field mapping, crop planning and yield monitoring, weather tracking and forecasting, farm labour management and equipment monitoring and maintenance. In-production planning and management segment is sub-segmented into water and irrigation management, breeding and feed management, crop scouting, production monitoring and maintenance, animal tracking and navigation and agro-finance and insurance management. Post-production planning and management segment is sub-segmented into processing, inventory management, transportation and quality assurance and control.

Connected Agriculture Market Regional Analysis/Insights

The connected agriculture market is analysed and market size insights and trends are provided by country type, screen size and end users as referenced above.

The countries covered in the connected agriculture market report are 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.

Asia-Pacific connected agricultures market is expected to grow. APAC is expected to have a high rate of adoption of smart agriculture techniques due to the region's composition of emerging countries such as India, China, and Southeast Asian countries. Some of the major factors driving the growth of the smart agriculture market in this region are the increasing adoption of variable rate technology and smart irrigation controllers, as well as AI-based farm analytics services. The rising demand for automation of livestock farms and aquaculture farms in this region is expected to fuel the growth of the Asia-Pacific smart agriculture market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Connected Agriculture Market Share Analysis

The connected agriculture 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, global presence, production sites and facilities, production capacities, 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 connected agriculture market.

Some of the major players operating in the connected agriculture market are:

  • Grownetics, Inc. (US)
  • Auroras s.r.l. (Italy)
  • Granular, Inc. (San Francisco)
  • TOPCON CORPORATION (Japan)
  • The Climate Corporation (US)
  • Farmers Edge Inc (Canada)
  • DICKEY-john. (US)
  • Conservis (US)
  • Ag Leader Technology. (US)
  • Raven Industries, Inc. (US)
  • Iteris, Inc. (US)
  • Reed Business Information Ltd (US)
  • AgJunction (Canada)
  • Trimble Inc. (US)
  • Deere & Company. (US)
  • Mothive (US)
  • CropX inc. (US)
  • Ceres Imaging, Inc (US)
  • GAMAYA (Switzerland)
  • AgriData Incorporated. (US)
  • AgEagle Aerial Systems Inc. (US)
  • Aker Solutions (Norway)

Research Methodology: Global Connected Agriculture Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

In agricultural products, the use of modern technologies such as mapping software, variable rate technology (VRT), yield mapping software, GPS, and data management software helps to improve land fertility and profitability, facilitate sustainable agriculture, maximise productivity, and reduce farming costs.
The Connected Agriculture Market is to grow at a CAGR of 18.93% during the forecast by 2029.
The major players operating in the Connected Agriculture Market are Grownetics, Inc. (US), Auroras s.r.l. (Italy), Granular, Inc. (San Francisco), TOPCON CORPORATION (Japan), The Climate Corporation (US), Farmers Edge Inc (Canada), DICKEY-john. (US), Conservis (US), Ag Leader Technology. (US), Raven Industries, Inc. (US), Iteris, Inc. (US), Reed Business Information Ltd (US), AgJunction (Canada), Trimble Inc. (US), Deere & Company. (US), Mothive (US), CropX inc. (US), Ceres Imaging, Inc (US), GAMAYA (Switzerland), AgriData Incorporated. (US), AgEagle Aerial Systems Inc. (US),and Aker Solutions (Norway), among others.
By Component (Solution, Platforms and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management and Post-Production Planning and Management) are covered in the study.