Global Connected Agriculture Market – Industry Trends and Forecast to 2030

Connected Agriculture Market Analysis and Size

Connected agriculture refers to the requirement for sophisticated agricultural techniques to maximise crop yields while utilising the least amount of resources, such as water, fertiliser, and seeds. By using various integrated agricultural technologies, farmers and companies will be able to manage their time on the farm more efficiently while using fewer resources. In order to increase agricultural yields while lowering costs and promoting environmental stability, water management in agriculture is essential. More than merely water conservation is accomplished with connected agriculture.

Data Bridge Market Research analyses that the connected agriculture market, which was USD 3.62 billion in 2022, is expected to reach USD 14.98 billion by 2030, at a CAGR of 19.43% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Connected Agriculture Market Scope and Segmentation      

Market Definition

An innovative technological approach that addresses different agricultural issues is connected agriculture. Sensors, satellite imaging, GPS, and big data analytics are all used to do this. As a result of connected agriculture, farmers' productivity and production are improved, and they contribute more to the agricultural industry as a whole. By only treating what is required and only when necessary, connected agriculture enables accurate and moral cultivation. As a result, farmers might produce food that is healthier while preserving, if not enhancing, biodiversity and renewable energy. Utilising network management, agriculture asset management, supervisory control, and data acquisition also enhances farming methods.

Connected Agriculture Market Dynamics

Drivers

• Growing focus to improve the crop cultivation will drive the market growth

Farmers can increase crop production using connected agriculture while spending less money and exerting less effort than they would using conventional farming techniques. By enabling farmers to skillfully use time and resources in the proper combination to more precisely evaluate the ideal sowing density, estimate fertilisers, and predict crop yields, connected agriculture increases production. Today's farmers depend on modern agricultural innovations including the use of cell phones and other connected equipment. Modern linked technologies such as low power wide area (LPWA), WiFi, Zigbee, and new wireless sensor technologies let farmers plan and carry out a variety of agricultural operations including, acquiring supplies, keeping track of inventories, planting crops at the right time, and so on.

• Growing investment by public/private players to streamline the process

Increasing focus of the players operating in the market to escalate the adoption of advanced and connected agricultural practices is bolstering the growth of the market. In January 2023, Aston University joined forces with engineering company Solargen Technologies (SGT) and the University of Nairobi through a Knowledge Transfer Partnership (KTP) to create a smart irrigation system that uses solar and wind energy to provide year-round watering of land and enhance crop production in Kenya. The biggest supplier of irrigation, water, and energy solutions and services in Kenya is SGT. They worked along with non-governmental organisations, governments, and individuals to offer communities in rural and conflict-affected areas of Eastern Africa specialised energy, water, and food security solutions.

Opportunities

• COVID-19 brought about a revolutionary change in the integration of AI

Artificial intelligence (AI) has received attention as a result of the Covid epidemic. To obtain insightful knowledge, such as when to sow seeds, which crops to chose, which hybrid seeds to select for higher yields, and other things, artificial intelligence and machine learning models employ data in real-time. Precision farming, also referred to as artificial intelligence systems, is helping to improve the overall quality and accuracy of harvests. The identification of pests, plant diseases, and undernutrition in farms is made easier by AI technology. Before selecting a herbicide, artificial intelligence (AI) sensors can recognise and target weeds. Therefore, integration of such advanced technology in agriculture will act as a market growth opportunity in the long run.

Restraints/Challenges

• Lack of technical and operational expertise in combination with high expenses

The installation of connected farm technology is unreasonably expensive and there is a lack of knowledge of it. These are the limitations of the technology for the predicted time range. The vast majority of farmers are small-scale operators who cannot afford such expensive machinery. Farmers find this method unattractive since it requires skilled and knowledgeable farmers, significant upfront costs, and efficient agricultural equipment. It is only appropriate for large, industrialised farms due to its high cost.    

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.

Recent Developments

• In 2022, at its UDGHOSH event in August, Automat—a pioneering programme to introduce cutting-edge technology to Indian farmers—launched five new smart irrigation solutions for Rajasthan farmers. Automat is an Indian manufacturer of irrigation sprinklers, filtration equipment, and fertilisation equipment.
• In 2021, AGCO Corporation launched a new nutrient supply system for its dealers in North America through a strategic partnership with EZ-Drops, a manufacturer of cutting-edge agricultural equipment. Customised setups of the nutrient application system were offered by AGCO's RoGator dealers. This technology assisted farmers in reducing excessive nitrogen spraying, which lowers farm profitability.

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

• Solutions
• Network Management
• Agriculture Asset Management
• Supervisory Control
• Platforms
• Device Management
• Application Enablement
• Connectivity Management
• Services
• Training and Consulting
• System integration and Implementations
• Support and Maintenance

Application

• Pre-Production Planning and Management
• Field Mapping
• Crop Planning and Yield Monitoring
• Weather Tracking and Forecasting
• Farm Labour Management
• Equipment Monitoring and Maintenance
• In-Production Planning and Management
• Water and Irrigation Management
• Breeding and Feed Management
• Crop Scouting
• Production Monitoring and Maintenance
• Animal Tracking and Navigation
• Agro-Finance and Insurance Management
• Post-Production Planning and Management
• Processing
• Inventory Management
• Transportation
• 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, component and application as referenced above.

The countries covered in the connected agriculture market report are 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.

Given the region's vast farming activity and quick acceptance of technology by farmers, North America will continue to have the biggest market share during the forecast period. To efficiently use water and accurately track crop health, North America has been seeing expanding trends including smart water management systems and remote monitoring.

Asia-Pacific is anticipated to experience the highest CAGR over the projection period due to the region's countries' strong emphasis on the adoption and implementation of connected agricultural practises. Rising adoption of cloud-based agricultural technologies in the developing economies will further bolster the region’s growth.

The country section of the 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 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:

• Cisco Systems Inc., (U.S.)
• Microsoft (U.S.)
• IBM (U.S.)
• SAP SE (U.S.)
• Oracle (U.S.)
• AT&T Intellectual Property (U.S.)
• Deere & Company. (U.S.)
• Accenture (Ireland)
• Iteris, Inc. (U.S.)
• Trimble Inc. (U.S.)
• SMAG (France)
• Ag Leader Technology (U.S.)
• TELUS Agriculture Solutions Inc. (Canada)
• Gamaya. (Switzerland)
• SatSure. (U.K.)
• SlantRange, Inc. (U.S.)
• Raven Industries, Inc. (U.S.)
• AGCO Corporation. (U.S.)
• Orange Business (France)

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