Connected Agriculture Market By Component (Solution, Services), By Offerings (Device Management, Application Enablement, Connectivity Management), By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Green House, Others) - Growth, Future Prospects, And Competitive Landscape, 2019 - 2027
Overview:
The global connected agriculture market was accounted at US$ 1.7 Bn in 2018 and is projected to witness significant growth, growing with CAGR of 16% across the forecast period from 2019 to 2027. Connectivity is the cornerstone of technological transformation that has been taking place across the globe. Connected agriculture aims to provide optimum production with minimal resources. According to FAO, population of the world is more than 7 billion today and is likely to reach 9.1 billion by 2050. About 70% increase in agriculture production is required to satisfy the hunger needs of this growing population. The traditional farming methods are making agriculture inefficient. But, with the help of connected agriculture, farming operations are becoming more productive and efficient.
On account of climate change, the agriculture sector across the globe is currently facing issues such as excessive heat and uneven rainfall. For instance, in April 2019 a report by India Today had suggested that for the 6th year in a row India witnessed below normal level rainfall due to climate change, which has aggravated farm distress, particularly in the drought prone areas. Uneven rainfall is hampering agriculture productivity in the regions like Maharashtra, Karnataka and Madhya Pradesh. Likewise, the agriculture sector in the U.S. and Australia is expected to face a decline in the crops production due to extreme rise in temperature. Moreover, water scarcity is also accounted as one of the major problem in the agriculture sector. For instance, agriculture consumes nearly 70% of fresh water[S1] . There is a massive need for advanced water management solutions and technologies[S2] [S3] which help in reducing the consumption of water for agriculture[S4] purposes. Connected agriculture benefits farmers in increasing efficiency by minimizing cost and efforts, it helps farmers to proficiently invest time and resources which thereby balances the cost and yield of crops. Rising demand of advanced technologies and increasing investments in this sector are some of the factors are driving the connected agriculture market worldwide.
Today, farmers are increasingly depending on several technologies for their day-to-day activities and are using connected technologies [S6] like zigbee and wireless sensor technologies in various agricultural operations like harvesting, inventory control etc. Moreover, government across several regions [S7] are joining hands with different financial institutions and agro-processing organizations to promote the growth of connected agriculture initiatives. These partnerships are expected to promote the implementation of IOT solutions in agriculture across the globe. On the other hand, connected agriculture requires high initial investment which is a serious challenge for middle to low income group of farmers. Also, lack of network connectivity is another major factor restraining the market growth.
Solution Segment is expected to hold the Largest Market Share in 2018
In 2018, the solution segment held for the largest share in the global connected agriculture market and is expected to continue with its dominance during the forecast period as well. Crop yield depends upon various factors like rainfall, humidity, temperature, condition of soil and variety of seeds. As a result of this, it becomes very difficult for farmers to interrelate those factors which will hamper the productivity of the farms. Connected agriculture permits in associating the available data which thus help farmers to increase the yield of crops. Also, there is a huge demand for collecting data through sensors for minimizing losses due to uncertain weather conditions. Solution segment also consist of technologies such as water management system, which by detecting heat and moisture from soil ensures adequate supply of water to the crops.
North America held Largest Share of Connected Agriculture Market
In 2018, North America represented the largest market for connected agriculture across the globe and is likely to dominate during the forecast period from 2019 to 2027. The growth of this region is mainly accredited to the countries including U.S. government bodies in North American region provide great support for several advanced agriculture and farming technologies for increasing the production and to fulfill growing demand of food grains. Also, people in the U.S. and other countries are readily adopting and accepting advanced technologies that can be further implemented in the several farming practices. Dependency of people on various hand-held devices[S1] like mobiles, computers etc. that uses IOT and early adoption of these technologies is boosting the market growth in the region. Furthermore, Asia Pacific is expected to witness a significant growth in connected agriculture market in the years to come as farmers in the region are gradually adopting modern methods of connected agriculture. Countries including india and China are expected to have largest market for connected agriculture in Asia Pacific region. Owing to large number of farming lands, there will be an increased demand of advanced farming methods in order to meet rising demand of food.
Competitive Insights
The major players identified in the connected agriculture market includes Deere & Company, Raven Industries, Hexagon Agriculture, Decisive Farming, Trimble Inc., The Climate Corporation, DICKEY-john, GEA Group, Precision Planting, LLC, Teejet Technologies, Introduction of new technologies and partnership are some of the major strategies implemented by major players in connected agriculture market. For instance, in September 2018 Raven Industries and Topcon Agriculture collaborated to share Slingshot API, a software to software interface which provides end-users to share information between softwares[S1] . Through this collaboration Topcon Agriculture can able to share data with Raven’s hardware in fields and provides integration to the customers using wireless connection.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Connected agriculture market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global connected agriculture market based on component, Offerings, application, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Component Segment: (2019-2027; US$ Bn) |
|
Offerings Segment: (2019-2027; US$ Bn) |
|
|
Application Segment: (2019-2027; US$ Bn) |
|
|
Geography Segment: (2019-2027; US$ Bn) |
Key questions answered in this report
- What was the market size of connected agriculture market in 2018 and forecast up to 2027?
- What are the key factors driving the global connected agriculture market?
- What are the key market trends and high-growth opportunities observed in the connected agriculture market?
- What are the drivers of the connected agriculture market?
- Which is the largest regional market for connected agriculture market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the connected agriculture market?
- What are the sustainability strategies adopted by the key players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global CA Market
2.2. Global CA Market, by Component, 2018 (US$ Mn)
2.3. Global CA Market, by Offerings, 2018 (US$ Mn)
2.4. Global CA Market, by Application, 2018 (US$ Mn)
2.5. Global CA Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global CA Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Connected Agriculture (CA) Market, by Component , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Solution
4.2.1. Network Management
4.2.2. Smart Water Management
4.2.3. Agriculture Asset Management
4.2.4. Supervisory Control and Data Acquisition
4.2.5. Logistics and Supply Management
4.3. Services
4.3.1. Consulting
4.3.2. Support and Maintenance
4.3.3. Integration and Implementation
5. Global Connected Agriculture (CA) Market, by Offerings, 2017-2027 (US$ Mn)
5.1. Overview
5.1.1. Device Management
5.1.2. Application enablement
5.1.3. Connectivity management
6. Global Connected Agriculture (CA) Market, by Application, 2017-2027 (US$ Mn)
6.1. Overview
6.1.1. Precision farming
6.1.2. Yield monitoring
6.1.3. Soil monitoring
6.1.4. Irrigation system
6.1.5. Fish farming
6.1.6. Horticulture
6.1.7. Livestock monitoring
6.1.8. Smart green house
7. North America Connected Agriculture (CA) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America CA Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America CA Market Value, By Component, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America CA Market Value, By Offerings, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America CA Market Value, By Application, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America CA Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Connected Agriculture (CA) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe CA Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe CA Market Value, By Component, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe CA Market Value, By Offerings, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe CA Market Value, By Application, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe CA Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Connected Agriculture (CA) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific CA Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific CA Market Value, By Component, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific CA Market Value, By offerings, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific CA Market Value, By Application, 2017-2027 (US$Mn)
9.4.1. Market Analysis
9.5. Asia Pacific CA Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Connected Agriculture (CA) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World CA Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World CA Market Value, By Component, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World CA Market Value, By offerings, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World CA Market Value, By Application, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World CA Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Deere & Company
11.2. Raven Industries
11.3. Hexagon Agriculture
11.4. Decisive Farming
11.5. Trimble Inc.
11.6. The Climate Corporation
11.7. DICKEY-john
11.8. GEA Group
11.9. Precision Planting LLC
11.10. Teejet Technologies
* Here we are using CA as a short form of Connected Agriculture
TABLE 1 Market Snapshot: Global Connected Agriculture (CA) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global CA Market, by Component, 2017–2027 (US$ Mn)
TABLE 5 Global CA Market, by Offerings, 2017–2027 (US$ Mn)
TABLE 6 Global CA Market, by Application, 2017–2027 (US$ Mn)
TABLE 7 Global CA Market, by Geography, 2017–2027 (US$ Mn)
TABLE 8 North America CA Market, by Component, 2017–2027 (US$ Mn)
TABLE 9 North America CA Market, by Offerings, 2017–2027 (US$ Mn)
TABLE 10 North America CA Market, by Application, 2017–2027 (US$ Mn)
TABLE 11 North America CA Market, by Country, 2017–2027 (US$ Mn)
TABLE 12 Europe CA Market, by Component, 2017–2027 (US$ Mn)
TABLE 13 Europe CA Market, by Offerings, 2017–2027 (US$ Mn)
TABLE 14 Europe CA Market, by Application, 2017–2027 (US$ Mn)
TABLE 15 Europe CA Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific CA Market, by Component, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific CA Market, by Offerings, 2017–2027 (US$ Mn)
TABLE 18 Asia Pacific CA Market, by Application, 2017–2027 (US$ Mn)
TABLE 19 Asia Pacific CA Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 20 Rest of the World CA Market, by Component, 2017–2027 (US$ Mn
TABLE 21 Rest of the World CA Market, by Offerings, 2017–2027 (US$ Mn)
TABLE 22 Rest of the World CA Market, by Application, 2017–2027 (US$ Mn)
TABLE 23 Rest of the World CA Market, by Region, 2017–2027 (US$ Mn)
TABLE 24 Deere & Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Raven Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Hexagon Agriculture: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Decisive Farming: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Trimble Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 The Climate Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 DICKEY-john: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 GEA Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Precision Planting, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Teejet Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Connected Agriculture (CA) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global CA Market Segmentation
FIG. 4 Global CA Market, by Component, 2018 (US$ Mn)
FIG. 5 Global CA Market, by Offerings, 2018 (US$ Mn)
FIG. 6 Global CA Market, by Application, 2018 (US$ Mn)
FIG. 7 Global CA Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key CA Market Manufacturers, 2018
FIG. 10 Global CA Market Value Share, by Component, 2018 & 2027 (Value %)
FIG. 11 Global CA Market Value Share, by Solution, 2017–2027 (US$ Mn)
FIG. 12 Global CA Market Value Share, by Network management, 2017–2027 (US$Mn)
FIG. 13 Global CA Market Value Share, by Smart water management, 2017–2027 (US$ Mn)
FIG. 14 Global CA Market Value Share, by Agriculture Asset Management, 2017–2027 (US$ Mn)
FIG. 15 Global CA Market Value Share, by Supervisiory Control and Data Acquisition, , 2017–2027 (US$ Mn)
FIG. 16 Global CA Market Value Share, by Logistics and Supply Management, , 2017–2027 (US$ Mn)
FIG. 17 Global CA Market Value Share, by Service, 2017–2027 (US$ Mn)
FIG. 18 Global CA Market Value Share, by Consulting, 2017–2027 (US$ Mn)
FIG. 19 Global CA Market Value Share, by Support and Maintenance, 2017–2027 (US$ Mn)
FIG. 20 Global CA Market Value Share, by Integration and Implementation, 2017–2027 (US$ Mn)
FIG. 21 Global CA Market Value Share, by Offerings, 2018 & 2027 (Value %)
FIG. 22 Global CA Market Value Share, by Device Managemet, 2017-2027 (US$Mn)
FIG. 23 Global CA Market Value Share, by Application enablement, 2017-2027 (US$ Mn)
FIG. 24 Global CA Market Value Share, by Connectivity Management, 2017-2027 (US$ Mn)
FIG. 25 Global CA Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 26 Global CA Market Value Share, by Precision farming, 2017–2027 (US$ Mn)
FIG. 27 Global CA Market Value Share, by Yield monitoring, 2017–2027 (US$ Mn)
FIG. 28 Global CA Market Value Share, by Soil monitoring, 2017–2027 (US$ Mn)
FIG. 29 Global CA Market Value Share, by Irrigation system 2017–2027 (US$ Mn)
FIG. 30 Global CA Market Value Share, by Fish farming, 2017–2027 (US$ Mn)
FIG. 31 Global CA Market Value Share, by Horticulture, 2017–2027 (US$ Mn)
FIG. 32 Global CA Market Value Share, by Livestock monitoring, 2017–2027 (US$ Mn)
FIG. 33 Global CA Market Value Share, by Smart green house, 2017–2027 (US$ Mn)
FIG. 34 North America CA Market, 2017–2027 (US$ Mn)
FIG. 35 Europe CA Market, 2017–2027 (US$ Mn)
FIG. 36 Asia Pacific CA Market, 2017–2027 (US$ Mn)
FIG. 37 RoW CA Market, 2017–2027 (US$ Mn)
Choose License
Contact Information
: sales@briskinsights.com
: +448081890034 (UK)