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Press Release:

Global Smart Agriculture Market to Reach US$ 25.25 Billion by 2027, Propelled by Continual Technological Advancements

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Smart Agriculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smart agriculture market reached a value of US$ 14.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 25.25 Billion by 2027 exhibiting a CAGR of 9.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Smart agriculture refers to an integrated management approach used for strengthening the agricultural sector. It leverages various advanced technologies, such as big data, the Internet of Things (IoT), and cloud-based solutions. Smart agriculture also includes optimization platforms, global positioning systems (GPS), sensors, satellites, telecommunication, and wide area networks that are deployed for data analytics, field mapping, irrigation supervision, weather tracking, soil scanning through sensors, and labor-management purposes. These tools, in turn, enable farmers to harvest, control inventory, and purchase essential components, thereby enhancing the overall crop yields.

 

 
 

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Smart Agriculture Market Trends:

The widespread adoption of smart agriculture across various applications, such as livestock monitoring, smart greenhouse, aquaculture, and precision farming for ensuring minimal manual intervention is one of the key factors driving the smart agriculture market growth. In line with this, the integration of the Internet of Things (IoT), cloud-based, and artificial intelligence (AI) solutions, for implementing the constant monitoring of crops is acting as another growth-inducing factor. Additionally, the continual launch of various advanced devices, such as digital screens, smart sensors, modern biologicals, and robotic automations, is propelling the market growth. On account of the rising environmental concerns, governments of various nations are undertaking numerous initiatives to promote sustainable agriculture practices, which is contributing to the market growth further. This, in turn, helps in balancing the ecosystem, thereby ensuring optimal crop production and food security. Moreover, the widespread adoption of controlled environment agriculture (CEA) concept in greenhouses, along with the rising usage of light-emitting-diode (LED) grow lights in the CEA setup, is propelling the market growth. Other factors, including escalating demand for livestock technology for detecting early diseases and the extensive investments in the research and development (R&D) activities for introducing advanced agricultural techniques, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart agriculture market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on agriculture type, offering and farm size.

Breakup by Agriculture Type:

  • Precision Farming
  • Livestock Monitoring
  • Smart Greenhouse
  • Others
     

Breakup by Offering:

 

 
 

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  • Hardware
  • Software
  • Service
     

Breakup by Farm Size:

  • Small
  • Medium
  • Large
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AG Leader Technology, AGCO Corporation, AgJunction Inc. (Kubota Corporation), CLAAS KGaA mbH, CropMetrics LLC (CropX inc.), Deere & Company, DICKEY-john, Farmers Edge Inc., Gamaya, Granular Inc. (Corteva Inc.), Raven Industries Inc. (CNH Industrial N.V.) and Trimble Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Agriculture Type, Offering, Farm Size, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AG Leader Technology, AGCO Corporation, AgJunction Inc. (Kubota Corporation), CLAAS KGaA mbH, CropMetrics LLC (CropX inc.), Deere & Company, DICKEY-john, Farmers Edge Inc., Gamaya, Granular Inc. (Corteva Inc.), Raven Industries Inc. (CNH Industrial N.V.) and Trimble Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Agriculture Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Agriculture Type
    6.1    Precision Farming
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Livestock Monitoring
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Smart Greenhouse
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Offering
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Service
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Farm Size
    8.1    Small
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Medium
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Large
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AG Leader Technology
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    AGCO Corporation
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    AgJunction Inc. (Kubota Corporation)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    CLAAS KGaA mbH
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    CropMetrics LLC (CropX inc.)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Deere & Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    DICKEY-john
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Farmers Edge Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Gamaya
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Granular Inc. (Corteva Inc.)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Raven Industries Inc. (CNH Industrial N.V.)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Trimble Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Smart Agriculture Market: Major Drivers and Challenges
Figure 2: Global: Smart Agriculture Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Agriculture Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Agriculture Market: Breakup by Agriculture Type (in %), 2021
Figure 5: Global: Smart Agriculture Market: Breakup by Offering (in %), 2021
Figure 6: Global: Smart Agriculture Market: Breakup by Farm Size (in %), 2021
Figure 7: Global: Smart Agriculture Market: Breakup by Region (in %), 2021
Figure 8: Global: Smart Agriculture (Precision Farming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Smart Agriculture (Precision Farming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Smart Agriculture (Livestock Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Smart Agriculture (Livestock Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Agriculture (Smart Greenhouse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Agriculture (Smart Greenhouse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Smart Agriculture (Other Agriculture Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Smart Agriculture (Other Agriculture Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Smart Agriculture (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Smart Agriculture (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Smart Agriculture (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Smart Agriculture (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Agriculture (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Agriculture (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Smart Agriculture (Small) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Smart Agriculture (Small) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Smart Agriculture (Medium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Smart Agriculture (Medium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Smart Agriculture (Large) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Smart Agriculture (Large) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Smart Agriculture Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Smart Agriculture Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Smart Agriculture Industry: SWOT Analysis
Figure 78: Global: Smart Agriculture Industry: Value Chain Analysis
Figure 79: Global: Smart Agriculture Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Agriculture Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Agriculture Market Forecast: Breakup by Agriculture Type (in Million US$), 2022-2027
Table 3: Global: Smart Agriculture Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 4: Global: Smart Agriculture Market Forecast: Breakup by Farm Size (in Million US$), 2022-2027
Table 5: Global: Smart Agriculture Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Smart Agriculture Market: Competitive Structure
Table 7: Global: Smart Agriculture Market: Key Players


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Key Questions Answered in This Report

The global smart agriculture market was valued at US$ 14.1 Billion in 2021.

We expect the global smart agriculture market to exhibit a CAGR of 9.80% during 2022-2027.

The growing integration of the Internet of Things (IoT), cloud-based, and Artificial Intelligence (AI)
solutions for monitoring various agricultural functions to enhance the crop yields is primarily driving the
global smart agriculture market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary halt in various agricultural activities. However,
in the post-Covid-19 scenario, there is a rising shift towards a smart agriculture system for ensuring
minimal manual intervention with optimal crop production and food security.

Based on the agriculture type, the global smart agriculture market can be segmented into precision
farming, livestock monitoring, smart greenhouse, and others. Currently, precision farming holds the
majority of the total market share.

Based on the offering, the global smart agriculture market has been divided into hardware, software,
and service. Among these, hardware currently exhibits a clear dominance in the market.

Based on the farm size, the global smart agriculture market can be categorized into small, medium, and
large. Currently, medium-sized farm accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global smart agriculture market include AG Leader Technology, AGCO
Corporation, AgJunction Inc. (Kubota Corporation), CLAAS KGaA mbH, CropMetrics LLC (CropX inc.),
Deere & Company, DICKEY-john, Farmers Edge Inc., Gamaya, Granular Inc. (Corteva Inc.), Raven
Industries Inc. (CNH Industrial N.V.), and Trimble Inc.

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