North America Smart Agriculture Market Forecast 2022-2030KEY FINDINGS
The North America smart agriculture market growth is projected to progress at a CAGR of 9.13% during the forecast period, 2022-2030. The increasing output of hybrid crops and technological advancements in crop production offer market expansion opportunities. Also, the supplementary trends with regard to IoT systems and equipment implementation contribute to market growth.
MARKET INSIGHTS
Canada and the United States are assessed for the North America smart agriculture market growth analysis. In Canada, the agri-food and agriculture sectors majorly contribute to the economy. Also, the nation has 189,874 farms covering 6.3% of its land area. The federal, provincial, and territorial (FPT) governments initiated the Canadian Agricultural Partnership to strengthen the agriculture and agri-food sectors. In addition, the Canadian government announced an investment of more than $860,000 in six businesses in May 2022 under the Innovative Solutions Canada (ISC) program.
Moreover, according to the Ontario Soil and Crop Improvement Association data, in February 2022, the government invested $182.7 million in partner organizations to supplement farmers in regulating and minimizing emissions and climate impact from agricultural activities. Such government programs and initiatives to develop agriculture propel the demand for smart agriculture in Canada.
COMPETITIVE INSIGHTS
Some of the prominent players operating in the market include Deere & Company, InnovaSea Systems Inc, InnovaSea Systems Inc, DeLaval, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Popularity Of Automation In Agriculture
- 3.1.2. Expansion Of Corporate Farming Worldwide
- 3.1.3. Advancements And Innovations In Agricultural Technology
- 3.1.4. Favorable Government Initiatives
- 3.2. Key Restraints
- 3.2.1. High Costs Of Modern Agricultural Equipment
- 3.2.2. Lack Of Skilled Operators
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Smart Agriculture Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Key Buying Criteria
- 4.6.1. Data Analysis
- 4.6.2. Connectivity
- 4.6.3. Data Security
- 4.6.4. Data Collection Frequency
- 4.7. Regulatory Framework
- 5. Market By Type
- 5.1. Precision Farming
- 5.2. Livestock Monitoring
- 5.3. Precision Aquaculture
- 5.4. Smart Greenhouse
- 6. Market By Component
- 6.1. Solution
- 6.1.1. Hardware
- 6.1.1.1. Hvac Systems
- 6.1.1.2. Led Grow Lights
- 6.1.1.3. Valves & Pumps
- 6.1.1.4. Sensors & Control Systems
- 6.1.1.5. Other Hardware
- 6.1.2. Software
- 6.1.2.1. Network Management
- 6.1.2.2. Agriculture Asset Management
- 6.1.2.3. Smart Water Management
- 6.1.2.4. Irrigation Management
- 6.2. Service
- 6.2.1. Consulting
- 6.2.2. System Integration And Deployment
- 6.2.3. Support And Maintenance
- 6.3. Connectivity Technology
- 6.3.1. Cellular Iot
- 6.3.2. Lora
- 6.3.3. Nb-iot
- 6.3.4. Global Navigation Satellite System (Gnss)
- 6.3.5. Wi-fi
- 6.3.6. Sigfox
- 6.3.7. Wireline
- 6.3.8. Wireless Personal Area Network (Wpan)
- 6.3.9. Other Connectivity Technologies
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.2. Canada
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.2. Company Profiles
- 8.2.1. Afimilk Ltd
- 8.2.2. Agco Corporation
- 8.2.3. Ageagle Aerial Systems Inc
- 8.2.4. Agjunction
- 8.2.5. Aker Technologies Inc
- 8.2.6. Akva
- 8.2.7. Deere & Company
- 8.2.8. Delaval
- 8.2.9. Innovasea Systems Inc
- 8.2.10. Lumigrow Inc
- 8.2.11. Msd Animal Health (Merck & Co)
- 8.2.12. Raven Industries
- 8.2.13. Semiosbio Technologies Inc
- 8.2.14. The Climate Corporation (Bayer Ag)
- 8.2.15. Topcon Positioning Systems Inc
- 8.2.16. Trimble Inc
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