The smart agriculture market is projected to reach USD 25.4 billion by 2028 from an estimated USD 16.2 billion in 2023, at a CAGR of 9.4% from 2023 to 2028. The growth of the market can be attributed to the increasing adoption of cutting-edge technologies and rise in global plant-based and meat consumption.
Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Topcon Positioning Systems (US), DeLaval (Sweden), AKVA Group (Norway), Allflex Livestock Intelligence (US), Innovasea Systems Inc. (US), Afimilk Ltd. (Israel), and Heliospectra AB (Sweden); are some of the key players in the smart agriculture market. These players have adopted various strategies, such as product launches, contracts, collaborations, agreements, alliances, acquisitions, joint ventures, expansions, investments, and partnerships, to expand their presence globally and increase their shares in the global smart agriculture market. Product launches have been the key players most dominating strategy from January 2020 to December 2022 to help them broaden their customer base.
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Deere & Company
Deere & Company is a leading manufacturer and distributor of agriculture and construction products, solutions, and services. The company is popularly recognized by its brand name, John Deere, across the globe. It has a strong product portfolio of precision farming and precision forestry solutions with a strong brand name and a well-established distribution network, making it a market leader.
Trimble Inc. is one of the leading technology solutions providers that enable professionals and field mobile workers to improve or transform their work processes and drive a more sustainable future. The company offers hardware, software, and services for precision farming and precision forestry applications. These solutions enable farmers and advisors to allocate scarce resources to produce a safe and reliable food supply in a profitable and environmentally sustainable manner. The company has huge product offerings, a strong customer base, a brand image, and geographic footprints.
AGCO Corporation is one of the leading brands in the precision farming market. The company focuses on delivering the best agricultural solutions to its customers, helping them increase productivity and profitability. The company focuses highly on developing smart farming solutions; thus, it invests highly in developing new products and technologies. AGCO Corporation offers numerous precision farming and livestock monitoring solutions covering the entire crop life cycle from planting, growing, harvesting, storage, and feeding as well as climate control.
Topcon Positioning Systems
Topcon Positioning Systems is a leading player in the smart agriculture market, offering a broad portfolio of precision farming, precision forestry, and livestock monitoring solutions. Also, it has a strong sales and distribution network focusing on regional coverage for driving demand. This is also enabled by strong technical expertise, extensive distribution channel, local initiatives, and regional sales and marketing teams fully aligned with the company’s strategic end markets.
DeLaval is one of the leading providers of dairy farm technologies globally, with a range of innovative products and solutions. The company generates a majority of its revenue from the Milking business segment. Also, it is highly dependent on the EMEA region for revenue generation. DeLaval has a strong brand name and global presence.
Smart Agriculture Market by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region ( America, Europe, Asia Pacific, Row) - Global Forecast to 2028
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