Smart Agriculture Report: Trends, Forecast and Competitive Analysis to 2030

Smart Agriculture Report: Trends, Forecast and Competitive Analysis to 2030

Smart Agriculture Trends and Forecast

The future of the global smart agriculture market looks promising with opportunities in the precision farming, livestock monitoring, precision forestry, and smart greenhouse markets. The global smart agriculture market is expected to reach an estimated $36.7 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are rising global population for creating pressure on food supply system, growing usage of modern technologies in agriculture, and benefits offered by livestock monitoring solutions.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Smart Agriculture by Segment

The study includes a forecast for the global smart agriculture by farm size, application, and region

Smart Agriculture Market by Farm Size [Shipment Analysis by Value from 2018 to 2030]:

• Small Farms
• Medium Farms
• Large Farms

Smart Agriculture Market by Application [Shipment Analysis by Value from 2018 to 2030]:

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

Smart Agriculture Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Smart Agriculture Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart agriculture companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart agriculture companies profiled in this report include-

• DeLaval
• Afimilk
• Heliospectra
• Deere & Company
• Trimble
• Topcon Positioning
• Allflex Livestock
• Innovasea Systems

Smart Agriculture Market Insights

Lucintel forecast that large farms is expected to witness highest growth over the forecast period because the large farms have more financial resources to invest in smart agriculture technologies, such as sensors, drones, and software, and allows them to collect and analyze data to improve their operations.

Within this market, precision farming will remain the largest segment because of growing emphasis being shifted to enhancing farm efficiency, crop output, and the growing scarcity of water, as well as, GPS, navigation, and remote sensing technologies are being used more frequently.

North America is expected to witness highest growth over the forecast period due to growing policies and programs from the government to improve the region's agriculture sector.

Features of the Global Smart Agriculture Market

Market Size Estimates: Smart agriculture market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Smart agriculture market size by farm size, application, and region in terms of value ($B).

Regional Analysis: Smart agriculture market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different farm size, application, and regions for the smart agriculture market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart agriculture market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the smart agriculture market size?

Answer: The global smart agriculture market is expected to reach an estimated $36.7 billion by 2030.

Q.2 What is the growth forecast for smart agriculture market?

Answer: The global smart agriculture market is expected to grow with a CAGR of 11.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the smart agriculture market?

Answer: The major drivers for this market are rising global population for creating pressure on food supply system, growing usage of modern technologies in agriculture, and benefits offered by livestock monitoring solutions.

Q4. What are the major segments for smart agriculture market?

Answer: The future of the global smart agriculture market looks promising with opportunities in the precision farming, livestock monitoring, precision forestry, and smart greenhouse markets.

Q5. Who are the key smart agriculture market companies?

Answer: Some of the key smart agriculture companies are as follows:

• DeLaval
• Afimilk
• Heliospectra
• Deere & Company
• Trimble
• Topcon Positioning
• Allflex Livestock
• Innovasea Systems

Q6. Which smart agriculture market segment will be the largest in future?

Answer: Lucintel forecast that large farms is expected to witness highest growth over the forecast period because the large farms have more financial resources to invest in smart agriculture technologies, such as sensors, drones, and software, and allows them to collect and analyze data to improve their operations.

Q7. In smart agriculture market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing policies and programs from the government to improve the region's agriculture sector.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the smart agriculture market by farm size (small farms, medium farms, and large farms), application (precision farming, livestock monitoring, precision forestry, smart greenhouse, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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