HOME Top Market Reports Smart Agriculture Market by Hardware and Network Platform (GPS/GNSS Devices, Sensor Monitoring Systems, and Gateway/Router), Service (Connectivity, System Integrator, Supply Chain Management), Software, Application, and Geography - Global Forecast to 2022

Smart Agriculture Market by Hardware and Network Platform (GPS/GNSS Devices, Sensor Monitoring Systems, and Gateway/Router), Service (Connectivity, System Integrator, Supply Chain Management), Software, Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2016
Report Code: SE 4043

 

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The smart agriculture market is expected to reach USD 18.45 Billion in 2022 and to grow at a CAGR of 13.8% during the forecast period. The base year used for this study is 2015 and the forecast period is 2016 to 2022. This report provides a detailed analysis of the market on the basis of hardware and network platform, services, software, application, and regions.

Technology is becoming an integral part of the agriculture industry. Connected technologies such as cloud computing, ZigBee, wireless sensor networks, and others help in enhancing the production and yield, which acts a driving factor for the smart agriculture market. Moreover, smart agriculture helps in monitoring livestock productivity and health. This factor is also driving the growth of the smart agriculture market.

To estimate the size of the smart agriculture market, the top players in the market and their shares in the market have been considered. This research study involves the extensive use of secondary sources such as the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. The research methodology is explained below.

  • Analysis of the overall size of the individual markets with the help of primary and secondary research
  • Analysis of the several market segments and subsegments
  • Analysis of supply and demand sides of smart agriculture ecosystem
  • Analysing the market trends in various regions and countries, supported by the on-going research & development in these respective regions
  • Overall market sizes finalized by triangulation with supply-side data which includes the product developments, value chain, and estimated sales of the smart agriculture market

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region conducted during the research study.

Smart Agriculture Market

To know about the assumptions considered for the study, download the pdf brochure

The smart agriculture ecosystem comprises hardware and network platform providers, connectivity providers, satellite service providers, sensors manufacturers, components, OEMs, research organizations, distributors and suppliers, and end users such as Ag Junction (U.S.), Deere & Company (U.S.), Raven Industries Inc. (U.S.), Trimble Navigation Ltd. (U.S.), AGCO Corporation (U.S.), SST Development Group, Inc. (U.S.), and SemiosBIO Technologies Inc. (Canada).
The target audience for the report include:

  • Technology standard organizations, forums, alliances, and associations
  • OEMs
  • Satellite service providers
  • Technology developers
  • Government bodies
  • Farmers
  • Sensor manufacturers
  • Consultants, component suppliers
  • GNSS-SBAS signal providers
  • Remote sensing providers

The market covered under this report has been segmented on the basis of the following:

This research report categorizes the global market on the basis of hardware and network platform, services, software, applications, and geography.

Global Smart Agriculture Market, by Hardware and Network Platform

  • GPS/GNSS Devices
  • Sensor Monitoring Systems
  • Smart Detection Systems/Network Elements

Global Smart Agriculture Market, by Service

  • Connectivity Services
  • System Integrators
  • Managed Services
  • Hosting Services
  • Assisted Professional Services
    • Climate Information Services
    • Supply Chain Management Services
    • Others

Global Market, by Software

  • Local/Web-Based
  • Cloud Based

Global Smart Agriculture Market, by Application

  • Precision Farming
  • Livestock Monitoring
  • Fish Farming
  • Smart Greenhouse
  • Others

Global Smart Agriculture Market, by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Australia
    • Rest of APAC
  • RoW (Rest of the World)
    • Middle East
    • Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographical Analysis:

  • Detailed analysis of each of the hardware and network platform mapped with respect to application segments, namely, precision farming, livestock monitoring, fish farming, smart greenhouse, and others
  • Country-wise analysis for geographic regions, namely, North America, Europe, Asia-Pacific, and RoW (Rest of the World)

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in IoT-Based Smart Agriculture Market
    4.2 IoT-Based Smart Agriculture Market, By Application
    4.3 IoT-Based Smart Agriculture Market, By Hardware and Network Platform
    4.4 Regional Analysis of IoT-Based Smart Agriculture Market
    4.5 Life Cycle Analysis

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 IoT-Based Smart Agriculture Market, By Hardware and Network Platform
           5.3.2 IoT-Based Market, By Service
           5.3.3 IoT-Based Market, By Software
           5.3.4 IoT-Based Market, By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Adoption of Technology in Agriculture
                    5.4.1.2 Global Rise in the Demand for Food
                    5.4.1.3 Assistance in Monitoring Livestock Performance and Health
           5.4.2 Restraints
                    5.4.2.1 Overall Fragmented Agriculture Market
                    5.4.2.2 Dearth of Connectivity Service Provider Involvement in Agricultural M2m Market
           5.4.3 Opportunities
                    5.4.3.1 Uninterrupted Internet Supply for the Efficient Working of Connected Technologies
           5.4.4 Challenges
                    5.4.4.1 Data Management in IoT-Based Smart Agriculture

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
    6.4 Porter’s Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Degree of Competition

7 IoT-Based Smart Agriculture Market, By Hardware and Network Platform (Page No. - 53)
    7.1 Introduction
    7.2 GPS/GNSS Devices
           7.2.1 Application of GNSS in Smart Agriculture
    7.3 Sensor Monitoring System
    7.4 Smart Detection System/Network Elements

8 IoT-Based Smart Agriculture Market, By Services (Page No. - 61)
    8.1 Introduction
    8.2 Connectivity Services
    8.3 System Integrators
    8.4 Managed Services
    8.5 Hosting Services
    8.6 Assisted Professional Services
           8.6.1 Supply Chain Management Services
           8.6.2 Climate Information Services
           8.6.3 Others

9 IoT-Based Smart Agriculture Market, By Software (Page No. - 68)
    9.1 Introduction
           9.1.1 Local/Web-Based
           9.1.2 Cloud-Based

10 IoT-Based Smart Agriculture Market, By Application (Page No. - 76)
     10.1 Introduction
             10.1.1 Precision Farming
             10.1.2 Livestock Monitoring
             10.1.3 Fish Farming
             10.1.4 Smart Greenhouse
             10.1.5 Other Applications

11 IoT-Based Smart Agriculture Market, By Geography (Page No. - 91)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 APAC
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 109)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Situation and Trends
             12.3.1 Acquisitions and Joint Ventures
             12.3.2 New Product Launches
             12.3.3 Expansions
             12.3.4 Agreements, Partnerships, and Collaborations

13 Company Profiles (Page No. - 116)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Deere & Company
     13.3 Trimble Navigation Limited
     13.4 Raven Industries, Inc.
     13.5 Agjunction Inc.
     13.6 AGCO Corporation
     13.7 SST Development Group, Inc.
     13.8 Semiosbio Technologies Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

14 Appendix (Page No. - 138)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (71 Tables)

Table 1 Assumptions of the Research Study
Table 2 Increasing Application of Technology in Agriculture is the Major Driving Factor for the IoT-Based Smart Agriculture Market
Table 3 Fragmented Agriculture Market Would Impact the Growth of IoT-Based Smart Agriculture Market
Table 4 Uninterrupted Internet Supply for the Efficient Working of Connected Technologies Creates Growth Opportunities for the IoT-Based Smart Agriculture Market
Table 5 Data Mangement Decreasing the Efficiency of IoT-Based Smart Agriculture
Table 6 IoT-Based Smart Agriculture Market, By Hardware and Network Platform, 2013–2020 (USD Million)
Table 7 Precision Farming: IoT-Based Market, By Hardware and Network Platform, 2013–2020 (USD Million)
Table 8 Livestock Monitoring: IoT-Based Market, By Hardware and Network Platform, 2013–2020 (USD Million)
Table 9 Fish Farming: IoT-Based Smart Agriculture Market, By Hardware and Network Platform, 2013–2020 (USD Million)
Table 10 Smart Greenhouse: IoT-Based Smart Agriculture Market, By Hardware and Network Platform, 2013–2020 (USD Million)
Table 11 Other Applications: IoT-Based Smart Agriculture Market, By Hardware and Network Platform, 2013–2020 (USD Million)
Table 12 IoT-Based Market, By Service, 2013–2022 (USD Million)
Table 13 IoT-Based Market for Precision Farming, By Service, 2013–2022 (USD Million)
Table 14 IoT-Based Market for Livestock Monitoring, By Service, 2013–2022 (USD Million)
Table 15 IoT-Based Market for Fish Farming, By Service, 2013–2022 (USD Million)
Table 16 IoT-Based Market for Smart Greenhouse, By Service, 2013–2022 (USD Million)
Table 17 IoT-Based Market for Other Applications, By Service, 2013–2022 (USD Million)
Table 18 IoT-Based Market , By Assisted Professional Services, 2013–2022 (USD Million)
Table 19 IoT-Based Market , By Software, 2013–2022 (USD Million)
Table 20 IoT-Based Smart Agriculture Market for Local/Web-Based Software, By Application, 2013–2022 (USD Million)
Table 21 IoT Based Market for Cloud Based Software, By Application, 2013–2022 (USD Million)
Table 22 IoT-Based Smart Agriculture Market for Software, By Application, 2013–2022 (USD Million)
Table 23 IoT-Based Market for Precision Farming, By Software, 2013–2022 (USD Million)
Table 24 IoT-Based Market for Livestock Monitoring, By Software, 2013–2022 (USD Million)
Table 25 IoT-Based Market for Fish Farming, By Software, 2013–2022 (USD Million)
Table 26 IoT-Based Smart Agriculture Market for Smart Greenhouse, By Software, 2013–2022 (USD Million)
Table 27 IoT-Based Market for Other Application, By Software, 2013–2022 (USD Million)
Table 28 IoT-Based Market, By Application, 2013–2022 (USD Million)
Table 29 IoT-Based Market for Hardware & Network Platform, By Application, 2013–2020 (USD Million)
Table 30 IoT-Based Market for Services, By Application, 2013–2020 (USD Million)
Table 31 IoT-Based Smart Agriculture Market for Precision Farming, By Hardware & Service, 2013–2020 (USD Million)
Table 32 IoT-Based Market for Livestock Monitoring, By Hardware & Service, 2013–2020 (USD Million)
Table 33 IoT-Based Smart Agriculture Market for Fish Farming, By Hardware & Service, 2013–2020 (USD Million)
Table 34 IoT-Based Market for Smart Greenhouse, By Hardware & Services, 2013–2020 (USD Million)
Table 35 IoT-Based Market for Other Applications, By Hardware & Services, 2013–2020 (USD Million)
Table 36 Market for Hardware & Network Platform, By Application, 2013–2020 (USD Million)
Table 37 IoT-Based Smart Agriculture Market for GPS/GNSS Devices, By Application, 2013–2020 (USD Million)
Table 38 Market for Sensor Monitoring Systems, By Application, 2013–2020 (USD Million)
Table 39 IoT-Based Smart Agriculture Market for Network Elements, By Application, 2013–2020 (USD Million)
Table 40 Market for Services, By Application, 2013–2020 (USD Million)
Table 41 IoT-Based Smart Agriculture Market for Connectivity Services, By Application, 2013–2020 (USD Million)
Table 42 IoT-Based Market for System Integrators, By Application, 2013–2020 (USD Million)
Table 43 IoT-Based Market for Managed Services, By Application, 2013–2020 (USD Million)
Table 44 IoT-Based Market for Hosting Services, By Application, 2013–2020 (USD Million)
Table 45 IoT-Based Market for Assisted Professional Services, By Application, 2013–2020 (USD Million)
Table 46 North America: IoT-Based Smart Agriculture Market, By Application, 2013–2020 (USD Million)
Table 47 Europe: IoT-Based Market, By Application, 2013–2020 (USD Million)
Table 48 APAC: IoT-Based Market, By Application, 2013–2020 (USD Million)
Table 49 RoW: IoT-Based Market, By Application, 2013–2020 (USD Million)
Table 50 IoT-Based Market, By Region, 2013–2022 (USD Million)
Table 51 IoT-Based Market for Precision Farming Application, By Region, 2013–2022 (USD Million)
Table 52 IoT-Based Market for Livestock Monitoring Application, By Region, 2013–2022 (USD Million)
Table 53 IoT-Based Smart Agriculture Market for Fish Farming Application, By Region, 2013–2022 (USD Million)
Table 54 IoT-Based Market for Smart Greenhouse Application, By Region, 2013–2022 (USD Million)
Table 55 IoT-Based Market for Other Applications, By Region, 2013–2022 (USD Million)
Table 56 North America: IoT-Based Market for Precision Farming Application, By Country, 2013–2022 (USD Million)
Table 57 North America: IoT-Based Market for Smart Greenhouse Application, By Country, 2013–2020 (USD Million)
Table 58 IoT Based Market for U.S., By Application, 2013–2020 (USD Million)
Table 59 IoT Based Market for Canada, By Application, 2013–2020 (USD Million)
Table 60 IoT Based Market for Mexico, By Application, 2013–2020 (USD Million)
Table 61 IoT-Based Europe: Smart Agriculture Market for Precision Farming Application, By Country, 2013–2022 (USD Million)
Table 62 IoT-Based Market for Smart Greenhouse Application, By Europe, 2013–2022 (USD Million)
Table 63 APAC: Market for Precision Farming Application, By Country, 2013–2022 (USD Million)
Table 64 APAC: Market for Smart Greenhouse Application, By Country, 2013–2020 (USD Million)
Table 65 RoW: Market for Precision Farming Application, By Region, 2013–2022 (USD Million)
Table 66 RoW: IoT-Based Market for Smart Greenhouse Application, By Region, 2013–2022 (USD Million)
Table 67 Market Ranking of the Top 5 Players in the IoT-Based Smart Agriculture Market, 2015
Table 68 Acquisitions and Joint Ventures, 2013–2015
Table 69 New Product Launches, 2013–2015
Table 70 Expansions 2013–2015
Table 71 Agreements, Partnerships, and Collaborations, 2013–2015


List of Figures (53 Figures)

Figure 1 IoT-Based Smart Agriculture Market: Research Methodology
Figure 2 IoT-Based Market: Bottom-Up Approach
Figure 3 IoT-Based Market: Top-Down Approach
Figure 4 Sensing Monitoring Systems By Hardware & Network Platform Expected to Hold Largest Market Share By 2022
Figure 5 APAC Expected to Grow at the Highest CAGR in Global IoT-Based Smart Agriculture Market During the Forecast Period
Figure 6 Smart Greenhouse Expected to Have High Growth Rate in the IoT-Based Smart Agriculture Market, By Application (2016–2022)
Figure 7 IoT-Based Market in North America Held the Largest Market Share in 2015
Figure 8 Market for Climate Information Services Expected to Hold the Largest Share By 2022 in the IoT-Based Smart Agriculture Market
Figure 9 Cloud Based Software Expected to Have High Growth Rate in the IoT-Based Smart Agriculture Market, By Software (2016–2022)
Figure 10 IoT-Based Market Driven By Increasing Demand for Technology
Figure 11 Precision Farming Held the Largest Share of the IoT-Based Market, By Application (2015)
Figure 12 Sensormonitoring Systems Held the Largest Market Share in 2015
Figure 13 Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 14 Overall Life Cycle in IoT-Based Smart Agriculture Expected to Be Long and Steadily Growing
Figure 15 Evolution of IoT-Based Market
Figure 16 Increasing Adoption of Technology and Global Rise in Demand for Food to Drive the Market
Figure 17 Expansion in the Global Food Demand
Figure 18 Global Increase in Livestock Production By 2020
Figure 19 Value Chain Analysis
Figure 20 Increasing Use of M2m Solutions in Agriculture
Figure 21 Overall Porter’s Five Force Model for IoT-Based Smart Agriculture Market
Figure 22 Porter’s Five Forces Analysis
Figure 23 Threat of New Entrants in IoT-Based Market, 2015
Figure 24 Threat of Substitutes in IoT-Based Market, 2015
Figure 25 Bargaining Power of Suppliers in IoT-Based Smart Agriculture Market, 2015
Figure 26 Bargaining Power of Buyers in IoT-Based Market, 2015
Figure 27 Degree of Competition in IoT-Based Market, 2015
Figure 28 IoT-Based Smart Agriculture Market, By Hardware and Network Platform
Figure 29 Network Elements Expected to Grow at the Highest Rate During the Forecast Period
Figure 30 IoT-Based Smart Agriculture Market, By Service
Figure 31 IoT-Based Smart Agriculture Market, By Software
Figure 32 IoT-Based Agriculture Market for Software, By Application, 2016 vs 2022
Figure 33 IoT-Based Market, By Application
Figure 34 Smart Greenhouse Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 35 IoT-Based Market Segmentation, By Geography
Figure 36 Asia-Pacific to Witness the Highest Growth During the Forecast Period
Figure 37 North America: IoT-Based Smart Agriculture Market Snapshot
Figure 38 Europe: IoT-Based Smart Agriculture Market Snapshot
Figure 39 APAC: Market Snapshot
Figure 40 RoW: Market Snapshot
Figure 41 Companies Adopted New Product Development as the Key Growth Strategy Between 2013 and 2015
Figure 42 Battle for Market Share: New Product Launches Were the Key Strategy
Figure 43 Geographic Revenue Mix of the Top Market Players
Figure 44 Deere & Company: Company Snapshot
Figure 45 Deere & Company: SWOT Analysis
Figure 46 Trimble Navigation Limited: Company Snapshot
Figure 47 Trimble Navigation Limited: SWOT Analysis
Figure 48 Raven Industries Inc.: Company Snapshot
Figure 49 Raven Industries Inc: SWOT Analysis
Figure 50 Agjunction Inc.: Company Snapshot
Figure 51 Agjunction Inc: SWOT Analysis
Figure 52 AGCO Corporation: Company Snapshot
Figure 53 AGCO Corporation: SWOT Analysis

The smart agriculture market is estimated to have a high growth potential till 2022. The total market segmented on the basis of application (hardware and network platform and services) is expected to reach USD 18.45 Billion by 2022 from USD 9.02 Billion in 2016, at a CAGR of 13.8% between 2016 and 2022.

The increasing adoption of technology in agriculture and global rise in the demand for food are the major drivers for the market. Connected technology is used in precision farming, livestock monitoring, fish farming, smart greenhouse, and others. Connected technologies such as cloud computing, ZigBee, wireless sensor networks, and others help in enhancing the production and yield. Cloud computing provides real-time data of the farm land to assist in planning, purchasing, inventory control, planting, harvesting, and others. Sensors, irrigation control, variable rate technology (VRT), and other technologies helps in reducing the wastage of input and enhance the productivity of land.

GPS/GNSS is expected to hold a large share of the market in the hardware and network platform segment of the Smart agriculture market in 2015. GPS is used in tractor guidance, variable rate technology (VRT), soil condition monitoring, livestock tracking, and others. GPS technology provides various benefits in smart agriculture such as minimizing overlapping and spraying gaps, reducing the use of fertilizer, reducing chemical costs, and ensuring minimal environmental impact.

The precision farming application is expected to account for the largest share of the application segment of the smart agriculture market. Smart agriculture optimizes the efficiency of fields and operational practices in use. Precision farming helps growers to break down fields into zones, creating a site-specific approach to maximize yields and minimize input costs. Yield monitor is one of the essential elements of precision farming, which record site-specific yield data on the basis of moisture content observed by sensors inside the harvester.

System integrators held the largest market size in the service segment owing to the role it plays in the integration of the software and hardware equipment. System integrators are also involved in troubleshooting and diagnosing farm management solutions, which also involves developing new concepts related to software and hardware equipment.

Smart Agriculture Market

North America is expected to hold the largest market share in 2022, and APAC is expected to grow at the highest CAGR during the forecast period. North America is one of the pioneers for precision farming operations. The use of connected technologies in North America is currently growing because of factors such as continuous advancements in the technology, reducing price of equipment, usage of social media and online publications for spreading awareness, and so on.

The fragmented agriculture market and the lack of involvement of connectivity service providers in the M2M market are the restraining factors for the market. The major players in this market include Deere & Company (U.S.), Trimble Navigation Ltd. (U.S.), Ag Junction (U.S.), Raven Industries Inc. (U.S.), and AGCO Corporation (U.S.).These players adopted various strategies such as new product developments, partnerships, collaborations, and business expansion to cater to the needs of the Smart agriculture market.

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