Global Smart Agriculture Solution Market – Industry Trends and Forecast to 2029

Request for TOC Request for TOC Speak to Analyst Speak to Analyst Buy Now Buy Now Inquire Before Buying Inquire Before Free Sample Report Free Sample Report

Global Smart Agriculture Solution Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Smart Agriculture Solution Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2022 –2029
Diagram Market Size (Base Year)
USD 14.11 Billion
Diagram Market Size (Forecast Year)
USD 42.06 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Grownetics
  • Auroras
  • Granular
  • TOPCON
  • The Climate Corporation

Global Smart Agriculture Solution Market, By Component (Hardware, Software and Services), Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology and Premises Surveillance) - Industry Trends and Forecast to 2029.

Smart Agriculture Solution Market

Market Analysis and Size

Smart agriculture is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.

Global Smart Agriculture Solution Market was valued at USD 14.11 billion in 2021 and is expected to reach USD 42.06 billion by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. “Hardware” accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. 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.

Market Definition

Smart agriculture tools are used in precision farming for enhancing efficiency of farm, and helps farmers in increasing their crop yields. Yield monitoring is one of the major application of precision farming that assists in identifying the field variability information, such as soil properties, fertilizers and weather conditions.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Hardware, Software and Services), Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology and Premises Surveillance)

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

Market Opportunities

  • Use Of Unmanned Aerial Vehicles Or Drones In Agricultural Farms
  • Use of modern technologies such as variable rate technology (VRT), and data management software
  • Availability Of Various Sensors Such As Load, Temperature, nd Vibration

Smart Agriculture Solution Market Dynamics

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

Drivers

  • Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart agriculture solution market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

  • Availability of Low-Cost Sensors

The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

  • Concerns Regarding Soil Erosion

The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.

Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart agriculture solution market.

Opportunities

Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.

Restraints/Challenges

On the other hand, high cost for development of modern agricultural equipment and fragmented agriculture industry are expected to obstruct market growth. Also, management of large volumes of data for productive decision making and environmental concerns are projected to challenge the smart agriculture solution market in the forecast period of 2022-2029.

This smart agriculture solution 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 smart agriculture solution market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Smart Agriculture Solution Market

The COVID-19 has impacted smart agriculture solution market. The limited investment costs and lack of employees hampered sales and production of horticulture lighting technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in vertical and indoor farms across the globe is expected to further drive the market growth in the post-pandemic scenario.

Recent Developments

  • DeLaval launched RC550 & RC700, a robot collector designed for solid floors in March’2021. These products enhance cow comfort and hoof condition. These robots are capable of handling manure without using additional water due to their unique rotary manure intake system.
  • John Deere added a new Work Planner feature in January’2021 to help farmers in streamlining their work setup experience. They assist operators work more quickly in the field, and provides farmers with a holistic tool to manage their farms.

Global Smart Agriculture Solution Market Scope and Market Size

The smart agriculture solution market is segmented on the basis of component, and application. The growth amongst these segments will help you analyze meager 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

  • Hardware
  • Software
  • Services

Application

  • Automated Machinery Guidance Control
  • Obstacle Detection
  • Tractor Collision
  • Machinery Safety and Monitoring
  • Variable Rate Technology
  • Premises Surveillance

Smart Agriculture Solution Market Regional Analysis/Insights

The smart agriculture solution market is analysed and market size insights and trends are provided by country, component, and application as referenced above.

The countries covered in the smart agriculture solution 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.

North America dominates the smart agriculture solution market because of the gradual deployment of smart agriculture services within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of variable rate technology and smart irrigation controllers, and AI-based farm analytics services in the region.

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 Smart Agriculture Solution Market

The smart agriculture solution 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 smart agriculture solution market.

Some of the major players operating in the smart agriculture solution 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)


SKU-

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed 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. 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on , By Component (Hardware, Software and Services), Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology and Premises Surveillance) - Industry Trends and Forecast to 2029. .
The Global Smart Agriculture Solution Market size was valued at USD 14.11 USD Billion in 2021.
The Global Smart Agriculture Solution Market is projected to grow at a CAGR of 12.9% during the forecast period of 2022 to 2029.
The major players operating in the market include Grownetics, Auroras, Granular, TOPCON, The Climate Corporation, Farmers Edge, DICKEYjohn, Conservis, Ag Leader Technology, Raven Industries, Iteris, Reed Business Information, AgJunction, Trimble, Deere & Company, Mothive, CropX, Ceres Imaging, GAMAYA, AgriData orporated, AgEagle Aerial Systems, Aker Solutions.
The market report covers data from the 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..