Smart Agriculture Market by Offering (Hardware, Services, Software), Farm Size (Large Farms, Medium Farms, Small Farms), Application - Global Forecast 2024-2030

Smart Agriculture Market by Offering (Hardware, Services, Software), Farm Size (Large Farms, Medium Farms, Small Farms), Application - Global Forecast 2024-2030

The Smart Agriculture Market size was estimated at USD 23.43 billion in 2023 and expected to reach USD 26.74 billion in 2024, at a CAGR 15.03% to reach USD 62.47 billion by 2030.

Global Smart Agriculture MarketSmart agriculture is a concept focused on providing the agricultural industry with the required infrastructure to leverage advanced technology. Improvement in software and hardware technology is providing a new way toward performing agricultural practices, especially with the introduction of smart sensors, robotic automation, modern biologicals, digital data, and many big incumbents, which have identified the need to adopt smart agriculture. Thus, the increasing technology revolution in smart agriculture drives the growth of the global smart agriculture market in terms of value sales. In addition, the introduction of GPS, IoT, and wireless connectivity in smart agriculture to provides quality products and substantial benefits in terms of environmental issues with more efficient use of water, optimization of treatments, and improved use of bio-fertilizers instead of chemical fertilizers, is expected to drive the growth of the market during the forecast period. Despite its advantages, some major factors restrict the growth of smart agriculture, including the heavy investment required to deploy different components in agriculture. In addition, smart agriculture uses different methods to deliver a passive medium and nutrient solution in the plant root, which is more costly than other methods. However, various agriculture industries are collaborating with different regional governments to implement advanced technology such as machine learning and IoT to enable farmers to efficiently plan and execute multiple agricultural operations, providing a lucrative opportunity for market growth.Regional InsightsThe increasing adoption of variable rate technology, smart irrigation controllers, and AI-based farm analytics services in the U.S., Canada, France, China, India, and Japan fuel the market growth across North America, Europe, and Asia-Pacific regions. Although smart farming is in the adoption stage in Asia-Pacific, the growing government support and rising awareness among cultivators are expected to drive regional demand during the forecast period. The increasing livestock population and the growing demand for meat products in Asian countries, including China, Australia, India, and Japan, contribute to regional market growth. The rising demand for automation of livestock and aquaculture farms in this region is further expected to boost the growth of the smart agriculture market in Asia-Pacific. Moreover, growing government initiatives and regulations to enhance the agriculture industry in the U.S. and Canada have been fueling regional market growth for the last couple of years. Various agricultural organizations have formed the North America Climate Smart Agriculture Alliance (NACSAA), a platform for educating and equipping cultivators for sustainable agricultural productivity. With the rising concern for water conservation, governments in North America are actively providing subsidies to enhance the applications of smart irrigation. The European Union (EU) has prioritized the modernization of European farms to help farms produce more food while using fewer resources and reducing their overall environmental impact. The European smart farming market is expected to grow rapidly with improvements in the technology already used on farms and the introduction of smart technology to the field.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Agriculture Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Agriculture Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smart Agriculture Market, highlighting leading vendors and their innovative profiles. These include Afimilk Ltd., AG Leader Technology, Inc., AgCinect LLC, AGCO Corporation, AgEagle Aerial Systems Inc., AgJunction, Inc. by Kubota Corporation, Agrivi d.o.o., Agworld Pty Ltd., Aker Technologies, Inc., AKVA Group, Aquabyte Inc., Biz4Intellia Inc., BouMatic LLC, Claas KGaA mbH, Cropin Technology Solutions Pvt. Ltd., CropMetrics LLC, Croptracker, Inc. by Dragonfly Information Technology Inc., CropZilla Inc., Deere & Company, DeLaval Inc., Dickey-John Corporation by TSI Incorporated., DJI Technology Co., Ltd., DroneDeploy, EOS Data Analytics, Inc., Equinox's Drones Pvt. Ltd., Fancom B.V., Farmbrite, Farmers Edge Inc., FarmLogics Technologies Pvt. Ltd., Gamaya, GEA Group Aktiengesellschaft, GroPoint by RioT Technology Corp., Heliospectrs AB, Innovasea Systems, Inc., Jain Irrigation Systems Ltd., Jingxun Changtong Electronic Technology Co., Ltd., Kheti Buddy, Nelson Irrigation Corporation, Netafim by Orbia, PrecisionHawk, Inc., Proagrica by LexisNexis Risk Solutions Group, Quantum Spatial, Inc. by NV5 Global, Inc., QuickTrials by Resonanz Group, Rain Bird Corporation, Raven Industries, Inc., TeeJet Technologies, The Climate Corporation, Trimble, Inc., Weathermatic, and XAG Co., Ltd..

Market Segmentation & Coverage



This research report categorizes the Smart Agriculture Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Hardware
Automation & Control System
Displays
Drones or UAVs
Flow & Application Control Devices
GPS & GNSS
Guidance & Steering
Handheld Mobile Devices or Handheld Computers
HVAC Systems
Irrigation Controller
LED Grow Lights
Sensing & Monitoring Devices
Climate Sensors
RFID Tags & Readers
Soil Sensors
Water Sensors
Yield Monitors
Services
Assisted Professional Services
Climate Information Services
Supply Chain Management Services
Connectivity Services
Maintenance & Support
Managed Services
Analytics
Data Services
Farm Operation Services
System Integration & Consulting
Software
Cloud-Based
Local or Web-Based
Farm Size
Large Farms
Medium Farms
Small Farms
Application
Fish Farming
Feeding & Production Control
Fish Tracking & Fleet Navigation
Water Quality Management
Livestock Monitoring
Animal Comfort Management
Behaviour Monitoring & Management
Breeding Management
Feed Management
Heat Stress Management
Milk Harvesting Management
Precision Farming
Crop Scouting
Farm Labor Management
Field Mapping
Financial Management
Inventory Management
Irrigation Management
Weather Tracking & Forecasting
Smart Greenhouse
HVAC Management
Water & Fertilizer Management
Yield Monitoring
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Smart Agriculture Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Agriculture Market?
3. What are the technology trends and regulatory frameworks in the Smart Agriculture Market?
4. What is the market share of the leading vendors in the Smart Agriculture Market?
5. Which modes and strategic moves are suitable for entering the Smart Agriculture Market?

Note: PDF & Excel + Online Access - 1 Year