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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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Hardware
- Software
- Service
Breakup by Farm Size:
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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
Five User License: US$ 3499
Corporate License: US$ 4499 |
| 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) |
Key Questions Answered in This Report:
- How has the global smart agriculture market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart agriculture market?
- What are the key regional markets?
- What is the breakup of the market based on the agriculture type?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the farm size?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart agriculture market and who are the key players?
- What is the degree of competition in the industry?
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