Global Market for Smart Agriculture Products is Anticipated to grow at a Significant Pace i.e., USD 21.7 Billion during the Forecast Period 2021-2027

Published Date: Nov, 2021

The global smart agriculture market is expected to witness a CAGR of 10.2% during the forecast period. Smart agriculture is a concept aimed to provide the agricultural industry with the infrastructure to use advanced technology. In addition, connectivity technologies such as WiFi, Zigbee, additional wireless sensors, and low-power wide-area network technology help farmers efficiently carry out a variety of agricultural activities such as harvesting, purchasing, planting, and inventory management. In addition, the increasing adoption of IoT and artificial intelligence has helped farmers to monitor cultivated land and automate irrigation processes. In addition, the introduction of advanced technology has improved organic farming, including greenhouses and vertical farming, and increased productivity. In addition, the adoption of IoT and artificial intelligence in greenhouses eradicates the need for constant monitoring of plants and provides farmers with cost-effective and optimal solutions with minimal manual intervention, and accelerates the growth of the smart agricultural market.

The mounting application of advanced technologies in agriculture, initiatives by the government in developed and emerging economies, mounting global food demand will propel the growth of the smart agriculture market during the forecast period 2021-2027. Nevertheless, the strategic alliance among industry players and digitalization in agriculture will propel the growth of the smart agriculture market.

DeLaval has launched the RC550 and RC700 robot collectors designed for hard floors to improve cow comfort and hoof condition. It is a unique rotary manure intake system that can process any manure without the use of additional water.

The COVID-19 pandemic has disrupted the global supply chain that has led to food shortages and increasing inflation. The outbreak has emphasized the importance of the need to remotely access agriculture operations. Smart agriculture practices can aid farmers to recover from the losses in a short span of time, thereby bolstering the growth of the smart agriculture market.  

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Smart Agriculture Market by Insight by Agriculture Type (Precision Farming, Fish Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, and Others), by Offering (Hardware(Sensor-Based Monitoring Systems, Smart Detection Systems, and GPS Enabled Ranging Systems), Software(Web-Based and Cloud-Based), and Services(System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, and Professional Services)), by Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Milk Harvesting, Breeding Management, Fish Tracking, And Fleet Navigation, Water Quality Management, HVAC Management, and Others), by Farm Size (Small, Medium, and Large), and Region - Global Forecast to 2027"

By application, the weather monitoring and forecasting segment is projected to witness highest growth during the forecast period.

Based on application, the global smart agriculture market yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, farm labor management, financial management, feeding management, milk harvesting, breeding management, fish tracking, and fleet navigation, water quality management, HVAC management, and others. The weather monitoring and forecasting segment is expected to have high growth over the projected period due to the rising demand for monitoring crop growth and decrease in the wastage by providing water and minerals on time.

Global Smart Agriculture Market Segmentation Analysis

Segment

Categorization

Leading Category

Agriculture Type

Precision Farming, Fish Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, and Others

Precision Farming (Largest)

Precision Aquaculture (Significant Growth)

Offering

Hardware (Sensor-Based Monitoring Systems, Smart Detection Systems, and GPS Enabled Ranging Systems), Software (Web-Based and Cloud-Based), and Services (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, and Professional Services)

Service (Fastest)

Cloud-Based Software (Significant Growth)

Application

Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Milk Harvesting, Breeding Management, Fish Tracking, And Fleet Navigation, Water Quality Management, HVAC Management, and Others

Yield Monitoring

(High CAGR)

Weather Monitoring & Forecasting (Highest Growth)

Farm Size

Small, Medium, and Large

Medium-Sized Farms (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (High CAGR)

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“Asia-Pacific is expected to have a high CAGR during 2021-2027 in smart agriculture market.”

Asia Pacific is anticipated to have a high CAGR owing to the adoption of smart farming methods, increasing government support, mounting awareness among cultivators in the region. In addition, increasing R&D expenditure from India and China will lead to the growth of smart agriculture will propel the growth in the region.

Some of the major players in the global Smart Agriculture market include Trimble, Inc., DeLaval, Deere & Company, AKVA group, Afimilk Ltd., Topcon Positioning Systems, Innovasea Systems Inc., Heliospectra AB, LumiGrow, and Semios.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Agriculture Type, Offering, Application, Farm Size, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Trimble, Inc., DeLaval, Deere & Company, AKVA group, Afimilk Ltd., Topcon Positioning Systems, Innovasea Systems Inc., Heliospectra AB, LumiGrow, and Semios

Global Smart Agriculture Market Coverage

Agriculture Type Insight and Forecast 2015-2027

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

Offering Insight and Forecast 2015-2027

  • Hardware
    • Sensor-Based Monitoring Systems
    • Smart Detection Systems
    • GPS Enabled Ranging Systems
  • Software
    • Web-Based
    • Cloud-Based
  • Services
    • System Integration and Consulting
    • Support and Maintenance
    • Connectivity Services
    • Managed Services
    • Professional Services

Application Insight and Forecast 2015-2027

  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking and Forecasting
  • Irrigation Management
  • Farm Labor Management
  • Financial Management
  • Feeding Management
  • Milk Harvesting
  • Breeding Management
  • Fish Tracking, And Fleet Navigation
  • Water Quality Management
  • HVAC Management
  • Others

Farm Size Insight and Forecast 2015-2027

  • Small Farm Size
  • Medium Farm Size
  • Large Farm Size

Geographical Segmentation

Smart Agriculture Market by Region

North America

  • By Agriculture Type
  • By Offering
  • By Application
  • By Farm Size
  • By Country – U.S., Canada, and Mexico

Europe

  • By Agriculture Type
  • By Offering
  • By Application
  • By Farm Size
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Agriculture Type
  • By Offering
  • By Application
  • By Farm Size
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Agriculture Type
  • By Offering
  • By Application
  • By Farm Size
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Smart Agriculture Products is Anticipated to grow at a Significant Pace i.e., USD 21.7 Billion during the Forecast Period 2021-2027