Smart Agriculture Market Analysis and Forecast to 2031: By Component (Hardware, Software, Services), Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Smart Greenhouse, Others), and Region
Smart agriculture is a way of using technology to increase yields, decrease inputs costs, and improve sustainability in agriculture. The technology can be used in a number of ways, including precision farming, controlled environment agriculture, and livestock monitoring.
Precision farming is a type of smart agriculture technology that uses GPS and other forms of technology to map out fields and track soil conditions, weather patterns, and plant growth. This information can be used to make decisions about when to plant, how to irrigate, and what type of fertilizer to use.
Controlled environment agriculture is another type of smart agriculture technology. This type of agriculture uses greenhouses or other types of controlled environments to grow crops. The use of controlled environments can help to reduce the need for pesticides and other inputs, and can also help to improve yields.
Livestock monitoring is another form of smart agriculture technology. This type of technology can be used to track the health of animals, as well as their food and water intake. This information can be used to make decisions about when to breed animals, how to feed them, and what type of care they need.
Report Coverage
Key Trends and Drivers
The market is driven by several factors such as the need for efficient use of resources, increasing labor costs, and government initiatives to promote the adoption of smart agriculture technologies.
Precision farming is one of the key trends in the smart agriculture market. Precision farming is a type of smart agriculture that uses information and communication technologies to improve the efficiency of crop production. The main aim of precision farming is to reduce the input costs while maximizing the yield.
The other key trend in the smart agriculture market is the increasing adoption of autonomous vehicles. Autonomous vehicles are equipped with sensors and software that enable them to operate without human intervention. These vehicles are used for various applications such as crop monitoring, soil mapping, and spraying of pesticides.
Restraints & Challenges
The major restraints for the growth of the smart agriculture market include the lack of awareness among farmers regarding the benefits of smart agriculture and the high cost of smart agriculture solutions. The major challenge for the growth of the smart agriculture market is the lack of standardization in the technology used for smart agriculture.
Market Segments
By Component
Hardware
Software
Services
By Type
Precision Farming
Livestock Monitoring
Precision Aquaculture
Smart Greenhouse
Others
Key Players
Deere & Company
AGCO Corporation
InnovaSea Systems
Trimble, Inc.
Topcon Positioning Systems
Semiosbio Technologies Inc.
Afimilk Ltd
Aker Technologies
Antelliq
Raven Industries, Inc.
Deveron UAS Ltd.
- Chapter 1. Market Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Smart Agriculture Market Outlook
- 3.1. Smart Agriculture Market Segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat of New Entrants
- 3.3.2. Threat of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. PESTLE Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and/or Retailers
- 3.6. Impact of the Russia and Ukraine War on the Global Smart Agriculture Market
- Chapter 4. Economic Impact of COVID-19
- 4.1. Overall Impact of COVID-19
- 4.2. Impact of COVID On the Global Smart Agriculture Market
- 4.3. Economic Impact Analysis
- Chapter 5. Smart Agriculture Market by Component
- 5.1. Market Overview
- 5.2. Hardware
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Software
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.4. Services
- 5.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. Smart Agriculture Market by Type
- 6.1. Market Overview
- 6.2. Precision Farming
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Livestock Monitoring
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.4. Precision Aquaculture
- 6.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.5. Smart Greenhouse
- 6.5.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.6. Others
- 6.6.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. Smart Agriculture Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.3. North America Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.2.4. North America Smart Agriculture Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.5.2. The U.S. Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.6.2. Canada Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.7.2. Mexico Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.3. Europe Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.4. Europe Smart Agriculture Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.5.2. Germany Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.6. France
- 7.3.6.1. France Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.6.2. France Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.7.2. U.K. Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.8.2. Spain Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.9.2. Italy Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.10.2. Rest of Europe Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific Smart Agriculture Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.5.2. China Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.6.2. India Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.7.2. Japan Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.8.2. South Korea Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.9.2. Rest of APAC Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5. Rest of the World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest of the World Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.3. Rest of the World Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5.4. Rest of the World Smart Agriculture Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.5.2. Latin America Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.6.2. Middle East Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa Smart Agriculture Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.7.2. Africa Smart Agriculture Market Size and Forecast by Type, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New Product Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, and Collaborations
- 8.3.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. Deere & Company
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. AGCO Corporation.
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. InnovaSea Systems
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. Trimble, Inc.
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Topcon Positioning Systems
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. Semiosbio Technologies Inc.
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. Afimilk Ltd
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Aker Technologies
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Antelliq
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. Parapini Agriculture
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of companies is subject to change during the final compilation of the report
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