Global Smart Agriculture Market 2022-2028

Global Smart Agriculture Market 2022-2028

MARKET OUTLOOK

Triton Market Research’s report depicts that the global smart agriculture market is forecasted to register growth at a CAGR of 10.35% in the projected period from 2022 to 2028.

Factors such as the growing advancements in agricultural technology globally and rising automation in the agricultural industry are key drivers of the studied market. In addition, the rise in corporate farming and supportive government initiatives to aid the agriculture industry’s growth are also expected to foster market development.

On the other hand, the high cost of advanced agricultural equipment and the dearth of skilled operators are anticipated to hinder the market growth. However, the usage of drones is revolutionizing the agro sector and the growing popularity of vertical farming are expected to provide the market with growth opportunities.

REGIONAL OUTLOOK

The global smart agriculture market reports covers the Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa regions.

North America is the leading regional market globally, as it accounted for the highest revenue share in 2021 and is expected to maintain its dominance over the forecasted period. The developments in crop production technology and the growing output of hybrid crops have significantly bolstered the market’s prospects in this region.

Whereas, the Asia-Pacific is expected to showcase the fastest growth rate in the global market over the forecasted period. This can be attributed to the increased government support to adopt modern agricultural techniques. Also, owing to rapid innovation, the adoption of smart agricultural solutions has increased, thereby offering lucrative opportunities for market growth.

COMPETITIVE OUTLOOK

The major contenders profiled in the report on the smart agriculture market include SemiosBio Technologies Inc, Trimble Inc, Deere & Company, Afimilk Ltd, InnovaSea Systems Inc, Raven Industries, AgEagle Aerial Systems Inc, AGCO Corporation, MSD Animal Health (Merck & Co), DeLaval, The Climate Corporation (Bayer AG), Topcon Positioning Systems Inc, Aker Technologies Inc, AKVA, LumiGrow Inc, and AgJunction.

Founded in 1990, AGCO Corporation is engaged in manufacturing and distributing agricultural equipment and related replacement parts. It offers tractors, forage equipment, combines, self-propelled sprayers, hay tools, and grain storage & protein production systems. The company distributes its products via independent dealers and distributors across the world. It markets products under brands, such as Challenger, Massey Ferguson, GSI, Valtra, and Fendt. AGCO operates across Latin America, Europe, Africa, and Asia and has a strong workforce of more than 23,300 employees.


1. Global Smart Agriculture Market – Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Use Of Vertical Farming Due To Rising Food Demand
2.1.2. Rising Labor Cost
2.1.3. Rising Food Security Concerns Due To Climate Change
2.2. Impact Of Covid-19 On The Smart Agriculture Market
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Regulatory Framework
2.6. Vendor Scorecard
2.7. Key Market Strategies
2.7.1. Acquisitions
2.7.2. Product Launches
2.7.3. Partnerships & Agreements
2.8. Market Drivers
2.8.1. Automation In The Agricultural Industry
2.8.2. Increasing Corporate Farming
2.8.3. Advancements In Agricultural Technology Around The Globe
2.8.4. Government Initiatives To Help The Agricultural Sector
2.9. Market Challenges
2.9.1. High Cost Of Modern Agricultural Equipment
2.9.2. Shortage Of Skilled Operators
2.10. Market Opportunities
2.10.1. Drone Usage Is Revolutionizing The Agricultural Sector
2.10.2. Increase In The Use Of Vertical Farming
3. Global Smart Agriculture Market Outlook – By Type
3.1. Precision Farming
3.2. Livestock Monitoring
3.3. Precision Aquaculture
3.4. Smart Greenhouse
4. Global Smart Agriculture Market Outlook – By Component
4.1. Solution
4.1.1. Hardware
4.1.1.1. Hvac Systems
4.1.1.2. Led Grow Lights
4.1.1.3. Valves & Pumps
4.1.1.4. Sensors & Control Systems
4.1.1.5. Other Hardware
4.1.2. Software
4.1.2.1. Network Management
4.1.2.2. Agriculture Asset Management
4.1.2.3. Smart Water Management
4.1.2.4. Irrigation Management
4.2. Service
4.2.1. Consulting
4.2.2. System Integration & Deployment
4.2.3. Support & Maintenance
4.3. Connectivity Technology
4.3.1. Cellular Iot
4.3.2. Lora
4.3.3. Nb-iot
4.3.4. Global Navigation Satellite Systems
4.3.5. Wi-fi
4.3.6. Sigfox
4.3.7. Wireline
4.3.8. Wireless Personal Area Network (Wpan)
4.3.9. Other Connectivity Technologies
5. Global Smart Agriculture Market – Regional Outlook
5.1. North America
5.1.1. Market By Type
5.1.2. Market By Component
5.1.2.1. Market By Solution
5.1.2.1.1. Market By Hardware
5.1.2.1.2. Market By Software
5.1.2.2. Market By Service
5.1.2.3. Market By Connectivity Technology
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.2. Canada
5.2. Europe
5.2.1. Market By Type
5.2.2. Market By Component
5.2.2.1. Market By Solution
5.2.2.1.1. Market By Hardware
5.2.2.1.2. Market By Software
5.2.2.2. Market By Service
5.2.2.3. Market By Connectivity Technology
5.2.3. Country Analysis
5.2.3.1. United Kingdom
5.2.3.2. Germany
5.2.3.3. France
5.2.3.4. Spain
5.2.3.5. Italy
5.2.3.6. Rest Of Europe
5.3. Asia-pacific
5.3.1. Market By Type
5.3.2. Market By Component
5.3.2.1. Market By Solution
5.3.2.1.1. Market By Hardware
5.3.2.1.2. Market By Software
5.3.2.2. Market By Service
5.3.2.3. Market By Connectivity Technology
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.2. Japan
5.3.3.3. India
5.3.3.4. South Korea
5.3.3.5. Asean Countries
5.3.3.6. Australia & New Zealand
5.3.3.7. Rest Of Asia-pacific
5.4. Latin America
5.4.1. Market By Type
5.4.2. Market By Component
5.4.2.1. Market By Solution
5.4.2.1.1. Market By Hardware
5.4.2.1.2. Market By Software
5.4.2.2. Market By Service
5.4.2.3. Market By Connectivity Technology
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.2. Mexico
5.4.3.3. Rest Of Latin America
5.5. Middle East And Africa
5.5.1. Market By Type
5.5.2. Market By Component
5.5.2.1. Market By Solution
5.5.2.1.1. Market By Hardware
5.5.2.1.2. Market By Software
5.5.2.2. Market By Service
5.5.2.3. Market By Connectivity Technology
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.2. Israel
5.5.3.3. Saudi Arabia
5.5.3.4. Turkey
5.5.3.5. South Africa
5.5.3.6. Rest Of Middle East & Africa
6. Competitive Landscape
6.1. Agco Corporation
6.2. Afimilk Ltd
6.3. Akva
6.4. Ageagle Aerial Systems Inc
6.5. Deere & Company
6.6. The Climate Corporation (Bayer Ag)
6.7. Delaval
6.8. Trimble Inc
6.9. Raven Industries
6.10. Lumigrow Inc
6.11. Topcon Positioning Systems Inc
6.12. Agjunction
6.13. Innovasea Systems Inc
6.14. Msd Animal Health (Merck & Co)
6.15. Semiosbio Technologies Inc
6.16. Aker Technologies Inc
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
List Of Tables
Table 1: Global Smart Agriculture Market, By Regional Outlook, 2022-2028 (In $ Million)
Table 2: Regulatory Framework
Table 3: Vendor Scorecard
Table 4: Global Smart Agriculture Market, By Type, 2022-2028 (In $ Million)
Table 5: Global Smart Agriculture Market, By Component, 2022-2028 (In $ Million)
Table 6: Global Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Table 7: Global Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Table 8: Global Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Table 9: Global Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Table 10: Global Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
Table 11: Global Smart Agriculture Market, By Regional Outlook, 2022-2028 (In $ Million)
Table 12: North America Smart Agriculture Market, By Country Outlook, 2022-2028 (In $ Million)
Table 13: North America Smart Agriculture Market, By Type, 2022-2028 (In $ Million)
Table 14: North America Smart Agriculture Market, By Component, 2022-2028 (In $ Million)
Table 15: North America Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Table 16: North America Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Table 17: North America Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Table 18: North America Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Table 19: North America Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
Table 20: Europe Smart Agriculture Market, By Country Outlook, 2022-2028 (In $ Million)
Table 21: Europe Smart Agriculture Market, By Type, 2022-2028 (In $ Million)
Table 22: Europe Smart Agriculture Market, By Component, 2022-2028 (In $ Million)
Table 23: Europe Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Table 24: Europe Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Table 25: Europe Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Table 26: Europe Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Table 27: Europe Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
Table 28: Asia-pacific Smart Agriculture Market, By Country Outlook, 2022-2028 (In $ Million)
Table 29: Asia-pacific Smart Agriculture Market, By Type, 2022-2028 (In $ Million)
Table 30: Asia-pacific Smart Agriculture Market, By Component, 2022-2028 (In $ Million)
Table 31: Asia-pacific Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Table 32: Asia-pacific Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Table 33: Asia-pacific Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Table 34: Asia-pacific Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Table 35: Asia-pacific Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
Table 36: Latin America Smart Agriculture Market, By Country Outlook, 2022-2028 (In $ Million)
Table 37: Latin America Smart Agriculture Market, By Type, 2022-2028 (In $ Million)
Table 38: Latin America Smart Agriculture Market, By Component, 2022-2028 (In $ Million)
Table 39: Latin America Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Table 40: Latin America Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Table 41: Latin America Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Table 42: Latin America Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Table 43: Latin America Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
Table 44: Middle East And Africa Smart Agriculture Market, By Country Outlook, 2022-2028 (In $ Million)
Table 45: Middle East And Africa Smart Agriculture Market, By Type, 2022-2028 (In $ Million)
Table 46: Middle East And Africa Smart Agriculture Market, By Component, 2022-2028 (In $ Million)
Table 47: Middle East And Africa Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Table 48: Middle East And Africa Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Table 49: Middle East And Africa Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Table 50: Middle East And Africa Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Table 51: Middle East And Africa Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
List Of Figures
Figure 1: Market Attractiveness Index
Figure 2: Global Smart Agriculture Market, By Type, 2021 & 2028 (In %)
Figure 3: Global Smart Agriculture Market, By Precision Farming, 2022-2028 (In $ Million)
Figure 4: Global Smart Agriculture Market, By Livestock Monitoring, 2022-2028 (In $ Million)
Figure 5: Global Smart Agriculture Market, By Precision Aquaculture, 2022-2028 (In $ Million)
Figure 6: Global Smart Agriculture Market, By Smart Greenhouse, 2022-2028 (In $ Million)
Figure 7: Global Smart Agriculture Market, By Component, 2021 & 2028 (In %)
Figure 8: Global Smart Agriculture Market, By Solution, 2022-2028 (In $ Million)
Figure 9: Global Smart Agriculture Market, By Solution, 2021 & 2028 (In %)
Figure 10: Global Smart Agriculture Market, By Hardware, 2022-2028 (In $ Million)
Figure 11: Global Smart Agriculture Market, By Hardware, 2021 & 2028 (In %)
Figure 12: Global Smart Agriculture Market, By Hvac Systems, 2022-2028 (In $ Million)
Figure 13: Global Smart Agriculture Market, By Led Grow Lights, 2022-2028 (In $ Million)
Figure 14: Global Smart Agriculture Market, By Valves & Pumps, 2022-2028 (In $ Million)
Figure 15: Global Smart Agriculture Market, By Sensors & Control Systems, 2022-2028 (In $ Million)
Figure 16: Global Smart Agriculture Market, By Other Hardware, 2022-2028 (In $ Million)
Figure 17: Global Smart Agriculture Market, By Software, 2022-2028 (In $ Million)
Figure 18: Global Smart Agriculture Market, By Software, 2021 & 2028 (In %)
Figure 19: Global Smart Agriculture Market, By Network Management, 2022-2028 (In $ Million)
Figure 20: Global Smart Agriculture Market, By Agriculture Asset Management, 2022-2028 (In $ Million)
Figure 21: Global Smart Agriculture Market, By Smart Water Management, 2022-2028 (In $ Million)
Figure 22: Global Smart Agriculture Market, By Irrigation Management, 2022-2028 (In $ Million)
Figure 23: Global Smart Agriculture Market, By Service, 2022-2028 (In $ Million)
Figure 24: Global Smart Agriculture Market, By Service, 2021 & 2028 (In %)
Figure 25: Global Smart Agriculture Market, By Consulting, 2022-2028 (In $ Million)
Figure 26: Global Smart Agriculture Market, By System Integration & Deployment, 2022-2028 (In $ Million)
Figure 27: Global Smart Agriculture Market, By Support & Maintenance, 2022-2028 (In $ Million)
Figure 28: Global Smart Agriculture Market, By Connectivity Technology, 2022-2028 (In $ Million)
Figure 29: Global Smart Agriculture Market, By Connectivity Technology, 2021 & 2028 (In %)
Figure 30: Global Smart Agriculture Market, By Cellular Iot, 2022-2028 (In $ Million)
Figure 31: Global Smart Agriculture Market, By Lora, 2022-2028 (In $ Million)
Figure 32: Global Smart Agriculture Market, By Nb-iot, 2022-2028 (In $ Million)
Figure 33: Global Smart Agriculture Market, By Global Navigation Satellite Systems, 2022-2028 (In $ Million)
Figure 34: Global Smart Agriculture Market, By Wi-fi, 2022-2028 (In $ Million)
Figure 35: Global Smart Agriculture Market, By Smart Greenhouse, 2022-2028 (In $ Million)
Figure 36: Global Smart Agriculture Market, By Wireline, 2022-2028 (In $ Million)
Figure 37: Global Smart Agriculture Market, By Wireless Personal Area Network (Wpan), 2022-2028 (In $ Million)
Figure 38: Global Smart Agriculture Market, By Other Connectivity Technologies, 2022-2028 (In $ Million)
Figure 39: Global Smart Agriculture Market, Regional Outlook, 2021 & 2028 (In %)
Figure 40: United States Smart Agriculture Market 2022-2028 (In $ Million)
Figure 41: Canada Smart Agriculture Market 2022-2028 (In $ Million)
Figure 42: United Kingdom Smart Agriculture Market 2022-2028 (In $ Million)
Figure 43: Germany Smart Agriculture Market 2022-2028 (In $ Million)
Figure 44: France Smart Agriculture Market 2022-2028 (In $ Million)
Figure 45: Spain Smart Agriculture Market 2022-2028 (In $ Million)
Figure 46: Italy Smart Agriculture Market 2022-2028 (In $ Million)
Figure 47: Rest Of Europe Smart Agriculture Market 2022-2028 (In $ Million)
Figure 48: China Smart Agriculture Market 2022-2028 (In $ Million)
Figure 49: Japan Smart Agriculture Market 2022-2028 (In $ Million)
Figure 50: India Smart Agriculture Market 2022-2028 (In $ Million)
Figure 51: South Korea Smart Agriculture Market 2022-2028 (In $ Million)
Figure 52: Asean Countries Smart Agriculture Market 2022-2028 (In $ Million)
Figure 53: Australia & New Zealand Smart Agriculture Market 2022-2028 (In $ Million)
Figure 54: Rest Of Asia-pacific Smart Agriculture Market 2022-2028 (In $ Million)
Figure 55: Brazil Smart Agriculture Market 2022-2028 (In $ Million)
Figure 56: Mexico Smart Agriculture Market 2022-2028 (In $ Million)
Figure 57: Rest Of Latin America Smart Agriculture Market 2022-2028 (In $ Million)
Figure 58: United Arab Emirates Smart Agriculture Market 2022-2028 (In $ Million)
Figure 59: Israel Smart Agriculture Market 2022-2028 (In $ Million)
Figure 60: Saudi Arabia Smart Agriculture Market 2022-2028 (In $ Million)
Figure 61: Turkey Smart Agriculture Market 2022-2028 (In $ Million)
Figure 62: South Africa Smart Agriculture Market 2022-2028 (In $ Million)
Figure 63: Rest Of Middle East & Africa Smart Agriculture Market 2022-2028 (In $ Million)

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