+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2017-03-23Number of Pages: 142

Smart Agriculture Market (Solutions - Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistic and Supply Chain Management, and Smart Water Management; Application - Precision Agriculture, Livestock Monitoring, Fish Farming, and Smart Greenhouse) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Smart Agriculture Market: Snapshot

The demand for smart technologies such as Big Data, cloud-based services, GPS, and the IoT is gaining pace in the agriculture industry. Driven by the rising need for high precision crop analysis, automated farming techniques, and collection of data from the field, the world is likely to witness the agriculture industry get smarter with the implementation of aforementioned technologies in the coming years. Data thus derived from implementing smart technologies can help farmers yield high quality and larger quantity of crops. Spurred by these factors, the global smart agriculture market is projected to report a CAGR of 13.5% between 2017 and 2025. At this pace, the market’s valuation will rise from US$6.55 bn in 2015 to US$23.44 bn by the end of 2025.

Besides rising population, which triggers demand for food, the global smart agriculture market is expected to gain from favorable government initiatives. However, the journey is likely to be more difficult in underdeveloped economy where the agriculture sector is reeling under lack of knowledge among farmers. The high cost of smart devices is making the matter worse. Nevertheless, in the coming years the market is likely to gain from the rising penetration of high-speed internet even in remote areas.

smart agriculture market

North America Emerges as Leading Market for Smart Agriculture

The smart agriculture market is segmented on the basis of solutions, application and geography. Regionally, the global smart agriculture market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, the dominance was with the smart agriculture market in North America, which held over 44.14% of the overall market in 2016. Extensive researches funded by governments across the region to minimize human involvement and boost crop yield has fuelled the demand for smart agriculture technologies in North America.

Europe emerged as the second-leading and is expected to continue exhibiting lucrative market opportunities. In the U.K. especially the market is forecast to witness accelerated pace of gains as the government make huge investments in the research and development of robust technologies. Besides this, rate of growth in Italy is predicted to remain high through the forecast period.

During the same time, the Asia Pacific smart agriculture market is forecast to rise at an influential rate. Countries such as Japan, China, and Australia will strong agriculture sector are expected to emerge at the fore of the regional market. China held the leading share in the Asia Pacific smart agriculture market. However, in the forthcoming years Japan is expected to showcase more attractive opportunities for the market.

Network Management and Precision Agriculture Emerge Dominant Based on Solution and Application, Respectively

The global market for smarty agriculture is segmented on the basis of solutions, application and geography. Based on solution, the market for smart agriculture is further segmented as network management, agriculture asset management, supervisory control and data acquisition, logistic and supply chain management, smart water management, and other. Of these, the network management segment held the dominant share of 21.20% in the overall market in 2016. However, over the course of the forecast period, the demand for smart water management solutions is expected to rise at a higher pace. A major section of the agriculture sector still depends on vagaries of monsoon for farming. Smart water management and irrigation solutions have therefore become popular among farmers to boost their crop yield and ensure minimum water wastage.

On the basis of application, the smart agriculture market has been segmented as precision agriculture, livestock monitoring, fish farming, smart greenhouse and others. Of these, the precision agriculture segment held the leading share of 49.09% in the overall market in 2016. The practice helps farmers grow high quality crop with less human effort, which are key factors fuelling the demand for precision agriculture around the world.

The major players in the smart agriculture market are Deere & Co., Trimble Navigation Ltd., Raven Industries Ltd., AgJunction Inc., AGCO Corporation, SST Development Group Inc., Ag Leader Technology, Hexagon AB, Iteris Inc., TeeJet Technologies.

Section 1 Preface 16
1.1 Research Scope and Market Segmentation 17
1.2 Research Highlights 18

Section 2 Research Methodology 19

Section 3 Executive Summary 23

Section 4 Market Overview 27
4.1 Product Overview 28

Section 5 Market Dynamics 29
5.1 Drivers and Restraints Snapshot Analysis 30
5.2 Drivers 31
5.3 Restraints 33
5.4 Opportunities 34
5.5 Competitive Strategies 35
5.6 Market Attractiveness 36
5.7 Smart Agriculture Market Analysis by Company 37
5.8 Smart Agriculture Market Outlook 38

Section 6 Smart Agriculture Market Analysis by Solutions 39
6.1 Introduction 40
6.2 Global Smart Agriculture Market Value Share Analysis, By Solution Type 42
6.3 Global Smart Agriculture Market Forecast By Solutions 43
6.4 Global Smart Agriculture Market Analysis By Solutions  44

Section 7 Global Smart Agriculture Market Analysis By Application 47
7.1 Introduction 48
7.2 Global Smart Agriculture Market Value Share Analysis, By Application 50
7.3 Global Smart Agriculture Market Forecast By Application 51
7.4 Global Smart Agriculture Market Analysis By Application  52

Section 8 Global Smart Agriculture Market Analysis By Region 55
8.1 Global Smart Agriculture Market Value Share Analysis, By Region Type 56
8.2 Global Smart Agriculture Market Forecast, By Region Type 57

Section 9 North America Smart Agriculture Market Analysis 58
9.1 Key Findings 59
9.2 North America Smart Agriculture Market Overview 60
9.3 North America Market Smart Agriculture Value Share Analysis, By Solutions 61
9.4 North America Smart Agriculture Market Forecast By Solutions 62
9.5 North America Smart Agriculture Market Value Share Analysis, By Application 63
9.6 North America Smart Agriculture Market Forecast By Application Type 64
9.7 North America Smart Agriculture Market Value Share Analysis, By Country 65
9.8 North America Smart Agriculture Market Forecast By Country 66
9.9 U.S. Smart Agriculture Market Analysis 67
9.10 Canada Smart Agriculture Market Analysis 68
9.11 Mexico Smart Agriculture Market Analysis 69

Section 10 Europe Smart Agriculture Market Analysis 70
10.1 Key Findings 71
10.2 Europe Smart Agriculture Market Overview 72
10.3 Europe Smart Agriculture Market Value Share Analysis, By Solutions 73
10.4 Europe Smart Agriculture Market Forecast By Solutions 74
10.5 Europe Smart Agriculture Market Value Share Analysis, By Application 75
10.6 Europe Smart Agriculture Market Forecast By Application Type 76
10.7 Europe Smart Agriculture Market Value Share Analysis, By Country 77
10.8 Europe Smart Agriculture Market Forecast By Country 78
10.9 U.K. Smart Agriculture Market Analysis 79
10.10 Germany Smart Agriculture Market Analysis 80
10.11 Italy Smart Agriculture Market Analysis 81
10.12 France Smart Agriculture Market Analysis 82
10.13 Rest of Europe Smart Agriculture Market Analysis 83

Section 11 Asia-Pacific (APAC) Smart Agriculture Market Analysis 84
11.1 Key Findings 85
11.2 Asia Pacific (APAC) Smart Agriculture Market Overview 86
11.3 Asia Pacific (APAC) Smart Agriculture Market Value Share Analysis, By Solutions 87
11.4 Asia Pacific (APAC) Smart Agriculture Market Forecast By Solutions 88
11.5 Asia Pacific (APAC) Smart Agriculture Market Value Share Analysis, By Application 89
11.6 Asia Pacific (APAC) Smart Agriculture Market Forecast By Application Type 90
11.7 Asia Pacific (APAC) Smart Agriculture Market Value Share Analysis, By Country 91
11.8 Asia Pacific (APAC) Smart Agriculture Market Forecast By Country 92
11.9 China Smart Agriculture Market Analysis 93
11.10 Japan Smart Agriculture Market Analysis 94
11.11 India Smart Agriculture Market Analysis 95
11.12 Rest of Asia Pacific Smart Agriculture Market Analysis 96

Section 12 Middle East and Africa (MEA) Smart Agriculture Market Analysis 97
12.1 Key Findings 98
12.2 Middle East and Africa (MEA) Smart Agriculture Market Overview 99
12.3 Middle East and Africa (MEA ) Smart Agriculture Market Value Share Analysis, By Solutions 100
12.4 Middle East and Africa (MEA) Smart Agriculture Market Forecast By Solutions 101
12.5 Middle East and Africa (MEA) Smart Agriculture Market Value Share Analysis, By Application 102
12.6 Middle East and Africa (MEA) Smart Agriculture Market Forecast By Application Type 103
12.7 Middle East and Africa (MEA) Smart Agriculture Market Value Share Analysis, By Country 104
12.8 Middle East and Africa Smart Agriculture Market Forecast By Country 105
12.9 Saudi Arabia Smart Agriculture Market Analysis 106
12.10 Egypt Smart Agriculture Market Analysis 107
12.11 South Africa Smart Agriculture Market Analysis 108
12.12 Rest of Middle East and Africa Smart Agriculture Market Analysis 109

Section 13 Latin America (LATAM) Smart Agriculture Market Analysis 110
13.1 Key Findings 111
13.2 Latin America (LATAM) Smart Agriculture Market Overview 112
13.3 Latin America (LATAM) Smart Agriculture Market Value Share Analysis, By Solutions 113
13.4 Latin America (LATAM) Smart Agriculture Market Forecast By Solutions 114
13.5 Latin America (LATAM) Smart Agriculture Market Value Share Analysis, By Application 115
13.6 Latin America (LATAM) Smart Agriculture Market Forecast By Application 116
13.7 Latin America (LATAM) Smart Agriculture Market Value Share Analysis, By Country 117
13.8 Latin America (LATAM) Smart Agriculture Market Forecast By Country 118
13.9 Brazil Smart Agriculture Market Analysis 119
13.10 Rest of Latin America (LATAM) Smart Agriculture Market Analysis 120

Section 14 Company Profiles 121
14.1 Deere & Co. 122
       14.1.1 Company Details 122
       14.1.2 Company Description 122
       14.1.3 Business Overview 122
       14.1.4 SWOT Analysis 123
       14.1.5 Company Presence 123
       14.1.6 Financials 123
       14.1.7 Strategic Overview 123
14.2 Trimble Navigation  Ltd. 124
       14.2.1 Company Details 124
       14.2.2 Company Description 124
       14.2.3 Business Overview 124
       14.2.4 SWOT Analysis 125
       14.2.5 Company Presence 125
       14.2.6 Financials 125
       14.2.7 Strategic Overview 125
14.3 Raven Industries, Inc. 126
       14.3.1 Company Details 126
       14.3.2 Company Description 126
       14.3.3 Business Overview 126
       14.3.4 SWOT Analysis 127
       14.3.5 Company Presence 127
       14.3.6 Financials 127
       14.3.7 Strategic Overview 127
14.4 AgJunction Inc. 128
       14.4.1 Company Details 128
       14.4.2 Company Description 128
       14.4.3 Business Overview 128
       14.4.4 SWOT Analysis 129
       14.4.5 Company Presence 129
       14.4.6 Financials 129
       14.4.7 Strategic Overview 129
14.5 AGCO Corporation 130
       14.5.1 Company Details 130
       14.5.2 Company Description 130
       14.5.3 Business Overview 130
       14.5.4 SWOT Analysis 131
       14.5.5 Company Presence 131
       14.5.6 Financials 131
       14.5.7 Strategic Overview 131
14.6 SST Development Group, Inc. 132
       14.6.1 Company Details 132
       14.6.2 Company Description 132
       14.6.3 Business Overview 132
       14.6.4 SWOT Analysis 133
       14.6.5 Company Presence 133
       14.6.6 Financials 133
       14.6.7 Strategic Overview 133
14.7 Ag Leader Technology 134
       14.7.1 Company Details 134
       14.7.2 Company Description 134
       14.7.3 Business Overview 134
       14.7.4 SWOT Analysis 135
       14.7.5 Company Presence 135
       14.7.6 Financials 135
       14.7.7 Strategic Overview 135
14.8 Hexagon AB 136
       14.8.1 Company Details 136
       14.8.2 Company Description 136
       14.8.3 Business Overview 136
       14.8.4 SWOT Analysis 137
       14.8.5 Company Presence 137
       14.8.6 Financials 137
       14.8.7 Strategic Overview 137
14.9 Iteris Inc. 138
       14.9.1 Company Details 138
       14.9.2 Company Description 138
       14.9.3 Business Overview 138
       14.9.4 SWOT Analysis 139
       14.9.5 Company Presence 139
       14.9.6 Financials 139
       14.9.7 Strategic Overview 139
14.10 TeeJet Technologies 140
       14.10.1 Company Details 140
       14.10.2 Company Description 140
       14.10.3 Business Overview 140
       14.10.4 SWOT Analysis 141
       14.10.5 Company Presence 141
       14.10.6 Financials 141
       14.10.7 Strategic Overview 141

List of Figures

Figure 1 Report Scope and Market Segmentation  17
Figure 2 Smart Agriculture Market Attractiveness by Application  36
Figure 3 Global Smart Agriculture Market Share Analysis By Company (2016) 37
Figure 4 Market Value Share By Solution (2016) 38
Figure 5 Market Value Share By Application (2016) 38
Figure 6 Market Value Share By Region (2016) 38
Figure 7 Global Smart Agriculture Market Value Share Analysis By Solution ,2016 and 2025 42
Figure 8 Network Management Market Analysis (2016-2025) 44
Figure 9 Agriculture Asset Management Market Analysis (2016-2025) 44
Figure 10 Supervisory Control and Data Acquisition Market Analysis (2016-2025) 45
Figure 11 Logistic and Supply Chain Management Market Analysis (2016-2025) 45
Figure 12 Smart Water Management Market Analysis (2016-2025) 46
Figure 13 Others Market Analysis (2016-2025) 46
Figure 14 Global Smart Agriculture Market Value Share Analysis By Application, 2016 and 2025 50
Figure 15 Precision Agriculture Market Analysis (2016-2025) 52
Figure 16 Livestock Monitoring Market Analysis (2016-2025) 52
Figure 17 Fish Farming Market Analysis (2016-2025) 53
Figure 18 Smart Greenhouse Market Analysis (2016-2025) 53
Figure 19 Others Market Analysis (2016-2025) 54
Figure 20 Global Smart Agriculture Market Value Share Analysis By Region, 2016 and 2025 56
Figure 21 North America Smart Agriculture Market Size (US$ Mn) Forecast, 2016-2025 60
Figure 22 North America Market Value Share Analysis By Solutions, 2016-2025 61
Figure 23 North America Market Value Share Analysis By Application Type, 2016 and 2025 63
Figure 24 North America Market Value Share Analysis By Country, 2016 and 2025 65
Figure 25 U.S. Smart Agriculture Market Size (US$ Mn) Forecast, 2016-2025 67
Figure 26 Canada Smart Agriculture Market Size (US$ Mn)) Forecast, 2016-2025 68
Figure 27 Mexico Smart Agriculture Market Size (US$ Mn)) Forecast, 2016-2025 69
Figure 28 Europe Smart Agriculture Market Size (US$ Mn), 2016-2025 72
Figure 29 Europe Market Value Share Analysis By Solutions, 2016 and 2025 73
Figure 30 Europe Market Value Share Analysis By Application Type, 2016 and 2025 75
Figure 31 Europe Market Value Share Analysis By Country, 2016 and 2025 77
Figure 32 UK Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 79
Figure 33 Germany Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 80
Figure 34 Italy Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 81
Figure 35 France Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 82
Figure 36 Rest of Europe Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 83
Figure 37 Asia Pacific (APAC) Smart Agriculture Market Size (US$ Mn) 2016-2025 86
Figure 38 Asia Pacific (APAC) Market Value Share Analysis By Solutions, 2016 and 2025 87
Figure 39 Asia Pacific (APAC) Market Value Share Analysis By Application Type, 2016 and 2025 89
Figure 40 Asia Pacific (APAC) Market Value Share Analysis By Country, 2016 and 2025 91
Figure 41 China Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 93
Figure 42 Japan Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 94
Figure 43 India Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 95
Figure 44 Rest of APAC Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 96
Figure 45 Middle East and Africa (MEA) Smart Agriculture Market Size (US$ Mn) Forecast, 2016-2025 99
Figure 46 Middle East and Africa (MEA) Market Value Share Analysis By Solutions, 2016 and 2025 100
Figure 47 Middle East and Africa (MEA) Market Value Share Analysis By Application Type, 2016 and 2025 102
Figure 48 Middle East and Africa (MEA) Market Value Share Analysis By Country, 2016 and 2025 104
Figure 49 Saudi Arabia Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 106
Figure 50 Egypt Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 107
Figure 51 South Africa Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 108
Figure 52 Rest of MEA Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2016-2025 109
Figure 53 Latin America (LATAM) Smart Agriculture Market Size (US$ Mn) Forecast, 2016-2025 112
Figure 54 Latin America (LATAM) Market Value Share Analysis By Solutions, 2016 and 2025 113
Figure 55 Latin America (LATAM) Market Value Share Analysis By Application Type, 2016 and 2025 115
Figure 56 Latin America (LATAM) Market Value Share Analysis By Country, 2016 and 2025 117
Figure 57 Brazil Smart Agriculture Market Size (US$ Mn) Forecast, 2016-2025 119
Figure 58 Rest of LATAM Smart Agriculture Market Size (US$ Mn) Forecast, 2016-2025 120

List of Tables
 
Table 1 Global Smart Agriculture Market Size (US$ Mn) Forecast, By Solutions, 2017–2025 43
Table 2 Global Smart Agriculture Market Size (US$ Mn) Forecast, By Application, 2017–2025 51
Table 3 Global Smart Agriculture Market Size (US$ Mn) Forecast, By Region Type, 2017–2025 57
Table 4 North America Smart Agriculture Market Size (US$ Mn) Forecast, By Solutions, 2017-2024 62
Table 5 North America Smart Agriculture Market Size (US$ Mn) Forecast, By Application, 2017-2025 64
Table 6 North America Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2017–2025 66
Table 7 Europe Smart Agriculture Market Size (US$ Mn), By Solutions, 2017-2025 74
Table 8 Europe Smart Agriculture Market Size (US$ Mn), By Application Type, 2017-2025 76
Table 9 Europe Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2017-2025 78
Table 10 APAC Smart Agriculture Market Size (US$ Mn) Forecast, By Solutions, 2017-2025 88
Table 11 APAC Smart Agriculture Market Size (US$ Mn) Forecast, By Application Type, 2017-2025 90
Table 12 APAC Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2017-2025 92
Table 13 MEA Smart Agriculture Market Size (US$ Mn) Forecast, By Solutions, 2017-2025 101
Table 14 MEA Smart Agriculture Market Size (US$ Mn) Forecast, By Application Type, 2017-2025 103
Table 15 MEA Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2017-2025 105
Table 16 LATAM Smart Agriculture Market Size (US$ Mn) Forecast, By Solutions, 2017-2025 114
Table 17 LATAM Smart Agriculture Market Size (US$ Mn) Forecast, By Application Type, 2017-2025 116
Table 18 LATAM Smart Agriculture Market Size (US$ Mn) Forecast, By Country, 2017-2025 118

 

Global Smart Agriculture Market: Overview

The rapid escalation of food demand due to the growing population worldwide is boosting the demand for smart agriculture. The smart agriculture engages advanced technologies such as Big Data, GPS, IoT and connected devices. Smart agriculture helps in automated farming, collection of data from the field and then analyses it so that the farmer can make accurate decision in order to grow high quality crop. The field data are collected with the help of sensors, cameras, micro controllers, and actuators. Then the collected data are transferred via internet to the operator or the farmer for decision making.

Global Smart Agriculture Market: Drivers and Restraints

The major drivers of the global smart agriculture market are the increase in demand for usage of latest technologies in agriculture, rising global food demand, surging need for livestock monitoring, and increase in greenhouse farming. Due to rapid acceleration in the global population, the demand for food is also increasing and on the other hand agriculture labor is decreasing. Due to this, the individual farmers and the corporate farming houses are adopting the smart agriculture tools and equipment in order to minimize the. This will help the farmers and corporate houses to grow high quality crops in large quantity to meet the required food demand. The sensors and cameras used in smart agriculture provides information to the operator for water level, fertilizers as well as light required for growing the best quality food.

The smart agriculture market has factors limiting the market growth such as high cost of the smart devices and less awareness about the latest technologies among the farmers. The high cost involved in manufacturing of smart devices, is in turn increasing the price of the final product which is limiting the farmers in procuring the smart devices.

Global Smart Agriculture Market: Key Segments

The market for smart agriculture is segmented on the basis of solutions, applications and geography.

On the basis of solutions, the market of smart agriculture is further segmented as network management, agriculture asset management, supervisory control and data acquisition, logistic and supply chain management, smart water management and others. Network management has been heavily deployed as it involves the operations related to remote monitoring systems and it also helps in analyzing the data generated from the field. Smart water management aims to reduce human labor, minimize weather risks, and increase the off-season production by saving water and energy by the use of smart water products and chemical. The others segment includes mobility solution, connectivity solutions and quality assurance solutions.

Based on application, smart agriculture market is segmented as precision agriculture, livestock monitoring, fish farming, smart greenhouse and other. The concept of precision agriculture is based on crop and soil observing, image capturing through UAVs or drones and responding it to the operator. With the help of precision agriculture the farmers can maintain their fields and make necessary decisions in order to yield high quality and large quantity crops with the help of accurate data collected from the field. The others segment includes indoor farming, horticulture and dairy management among others. In the application segment, livestock monitoring is the fastest growing segment, growing at an influential rate.

Global Smart Agriculture Market: Regional Outlook

Geographically, the smart agriculture market is categorized as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific is the fastest growing region in the global smart agriculture market during the forecast period from 2017 to 2025. North America held the largest market share in 2016 in the market for smart agriculture.

Companies Mentioned in Report

The smart agriculture market report also provides the description of different key participants across the globe. The key players in the smart agriculture market are Deere & Co., Raven Industries, Inc., Trimble Navigation Ltd., AGCO Corporation, AgJuction Inc., AG Leader Technology, Iteris Inc., SST Development Group, Inc., Hexagon AB, TeeJet Technologies.

The segments covered in the Smart Agriculture market are as follows:

Global Smart Agriculture Market, 2017-2025: By Solution

  • Network Management
  • Agriculture Asset Management
  • Supervisory Control and Data Acquisition
  • Logistics and Supply Chain Management
  • Smart Water Management
  • Others

Global Smart Agriculture Market, 2017-2025: By Application

  • Precision Agriculture
  • Livestock Monitoring
  • Fish Farming
  • Smart Greenhouse
  • Others

Global Smart Agriculture Market, 2017-2025: By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • Egypt
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America


 
 
Back To Top