$13.5 Billion Smart Agriculture Market by Agriculture Type, Hardware, Software, Services, Application
DUBLIN, Aug 13, 2018 /PRNewswire/ --
The "Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The smart agriculture market is estimated to be worth USD 7.53 billion in 2018 and is projected to reach USD 13.50 billion by 2023, at a CAGR of 12.39% between 2018 and 2023.
Major factors contributing to the growth of the smart agriculture market include the increasing adoption of advanced technologies in various agriculture applications such as precision farming, smart green house, livestock monitoring, and fish farm monitoring. Changing weather patterns due to increasing global warming have impelled the adoption of advanced farming technologies to enhance farm productivity and crop yield. Farmers or growers across the globe are increasingly adopting advanced farming devices and equipment such as steering and guidance, sensors, yield monitors, display devices, and farm management software.
The smart agriculture market has been segmented on the basis of offering, type, application, and region. On the basis of offering, the smart agriculture market has been classified into hardware, software, and services. Hardware held the largest market share in 2017 owing to the high adoption of automation and control devices, such as drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors. In the yield monitoring process, sensors and GPS devices play a vital role in measuring various yield parameters. It also uses GPS-based auto-guidance technology in agricultural vehicles to reduce the overlapping of equipment and tractor passes, thus saving fuel, labor, time, and soil compaction. Increasing demand for automation and control devices, and monitoring and sensing devices is the major factor that is likely to contribute to the growth of the smart agriculture market for hardware.
On the basis of type, the smart agriculture market has been segmented into precision farming, livestock monitoring, fish farm monitoring, smart greenhouse, and others. Precision farming held the largest market size in 2017. The high adoption of precision farming technologies such as positioning systems, remote sensing, guidance system, and variable rate technology by farmers across the globe are the main reason for a larger market size of precision farming agriculture type. Increasing demand for these technologies is driving the growth of the market for precision farming. Precision farming can be used in a wide range of applications, from a single GPS-enabled guidance system for a piece of farm equipment to a more complex function such as the remote monitoring and controlling of multiple in-field devices using an integrated software platform.
Various applications pertaining to smart agriculture market include yield monitoring, field mapping, weather tracking and forecasting, feeding management, milk harvesting, fish tracking, and HVAC management. Yield monitoring is the most widely used application; as a result, this segment held the largest market size in 2017. Yield monitors can be a combination of various components such as mass flow sensors, moisture sensors, ground speed sensors, GPS receivers, and a task computer located nearby, which controls the integration and interaction of these components.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Smart Agriculture Market
4.2 Smart Agriculture Market in APAC, By Application and Country
4.3 Smart Agriculture Market, By Offering
4.4 Smart Agriculture Market, By Agriculture Type
4.5 Smart Agriculture Market, By Country (2018-2023)
5 Market Overview
5.1 Market Evolution
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Internet of Things (IoT) and Artificial Intelligence (AI) By Farmers and Growers
5.2.1.2 Focus on Livestock Monitoring and Disease Detection to Improve Efficiency of Farming
5.2.1.3 Governments' Support to Adopt Modern Agricultural Techniques
5.2.1.4 Growing Demand for Agricultural Production Owing to Increasing Population
5.2.2 Restraints
5.2.2.1 Overall Fragmented Agriculture Industry
5.2.2.2 High Cost, and Limited Technical Knowledge and Skills of Farmers
5.2.3 Opportunities
5.2.3.1 Advent of Big Data in Agriculture Farm
5.2.3.2 Integration of Smartphones With Hardware Devices and Software Applications
5.2.4 Challenges
5.2.4.1 Data Management and Data Aggregation in Smart Agriculture
5.2.4.2 Lack of Standardization in the Smart Agriculture Industry
5.2.5 Burning Issues
5.2.5.1 Environmental Protection With the Help of Smart Agriculture Techniques
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Major Stakeholders in the Smart Agriculture Market
6.3 Key Industry Trends
6.3.1 Internet of Things (IoT) Shaping Smart Agriculture Market
6.3.2 Increasing Use of M2m Solutions in Agriculture
6.3.3 Advent of Artificial Intelligence (AI) in Agriculture and Livestock Monitoring
7 Smart Agriculture Market, By Offering
7.1 Introduction
7.2 Hardware
7.2.1 Precision Farming Hardware
7.2.1.1 Automation and Control Systems
7.2.1.1.1 Drones/Uavs
7.2.1.1.2 Irrigation Controller
7.2.1.1.3 GPS/GNSS
7.2.1.1.4 Flow and Application Control Devices
7.2.1.1.5 Guidance and Steering
7.2.1.1.6 Handheld Mobile Devices/Handheld Computers
7.2.1.1.7 Displays
7.2.1.1.8 Others
7.2.1.2 Sensing and Monitoring Devices
7.2.1.2.1 Yield Monitors
7.2.1.2.2 Soil Sensors
7.2.1.2.3 Water Sensors
7.2.1.2.4 Climate Sensors
7.2.1.2.5 Others
7.2.2 Livestock Monitoring Hardware
7.2.2.1 Rfid Tags and Readers
7.2.2.2 Sensors
7.2.2.3 Control System
7.2.2.4 GPS
7.2.2.5 Others
7.2.3 Fish Farming Hardware
7.2.3.1 GPS/GNSS
7.2.3.2 Sensors
7.2.3.3 Others
7.2.4 Smart Greenhouse Hardware
7.2.4.1 HVAC Systems
7.2.4.2 Led Grow Lights
7.2.4.3 Sensors
7.2.4.4 Others
7.3 Software
7.3.1 Local/Web Based
7.3.2 Cloud Based
7.3.2.1 Platform as A Service (PaaS)
7.4 Services
7.4.1 System Integration and Consulting
7.4.2 Managed Services
7.4.2.1 Farm Operation Services
7.4.2.2 Data Services
7.4.2.3 Analytics
7.4.3 Connectivity Services
7.4.4 Assisted Professional Services
7.4.4.1 Supply Chain Management Services
7.4.4.2 Climate Information Services
7.4.4.3 Others
7.4.5 Maintenance and Support
8 Smart Agriculture Market, By Agriculture Type
8.1 Introduction
8.2 Precision Farming
8.3 Livestock Monitoring
8.4 Smart Greenhouse
8.5 Fish Farm Monitoring
8.6 Others
9 Smart Agriculture Market, By Application
9.1 Introduction
9.2 Precision Farming Application
9.2.1 Yield Monitoring
9.2.2 Field Mapping
9.2.3 Crop Scouting
9.2.4 Weather Tracking & Forecasting
9.2.5 Irrigation Management
9.2.6 Inventory Management
9.2.7 Farm Labor Management
9.2.8 Financial Management
9.2.9 Others
9.3 Livestock Monitoring Applications
9.3.1 Feeding Management
9.3.2 Heat Stress Management
9.3.3 Milk Harvesting Management
9.3.4 Breeding Management
9.3.5 Animal Comfort Management
9.3.6 Behaviour Monitoring & Management
9.3.7 Others
9.4 Fish Farming Applications
9.4.1 Fish Tracking & Fleet Navigation
9.4.2 Feeding Management
9.4.3 Water Quality Management
9.4.4 Others
9.5 Smart Greenhouse Applications
9.5.1 HVAC Management
9.5.2 Yield Monitoring
9.5.3 Water & Fertilizer Management
9.6 Others
10 Geographic Analysis
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis, 2017
11.3 Competitive Situation and Trends
11.3.1 Product Launches
11.3.2 Agreements, Partnerships, and Contracts
11.3.3 Mergers and Acquisitions
12 Company Profiles
12.1 Key Players
12.1.1 Deere & Company
12.1.2 Trimble
12.1.3 Agco
12.1.4 Agjunction
12.1.5 Raven Industries
12.1.6 Delaval (Subsidiary of Tetra Laval International)
12.1.7 GEA Group
12.1.8 AG Leader Technology
12.1.9 Teejet Technologies
12.1.10 Topcon Positioning Systems
12.2 Other Important Players
12.2.1 Dickey-John
12.2.2 Crop Metrics
12.2.3 Sst Development Group
12.2.4 Geosys
12.2.5 Dairy Master
12.3 Startup Ecosystem
12.3.1 The Climate Corporation (Subsidiary of Monsanto)
12.3.2 Cainthus
12.3.3 Tevatronic
12.3.4 Granular
12.3.5 Amaizz
12.3.6 Hexagon Agriculture
12.3.7 Yield Lab
12.3.8 Agribotix
12.3.9 Prospera Technology
12.3.10 Agrivi
For more information about this report visit https://www.researchandmarkets.com/research/n7dvwj/13_5_billion?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article