PUBLISHER: IMARC | PRODUCT CODE: 1291600
PUBLISHER: IMARC | PRODUCT CODE: 1291600
Smart Agriculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global smart agriculture market size reached US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.33% during 2023-2028.
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.
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 report, along with forecasts at the global, regional and country level from 2023-2028. 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:
Hardware
Software
Service
Breakup by Farm Size:
Small
Medium
Large
Breakup by Region:
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.
Key Questions Answered in This Report
1. What was the size of the global smart agriculture market in 2022?
2. What is the expected growth rate of the global smart agriculture market during 2023-2028?
3. What are the key factors driving the global smart agriculture market?
4. What has been the impact of COVID-19 on the global smart agriculture market?
5. What is the breakup of the global smart agriculture market based on the agriculture type?
6. What is the breakup of the global smart agriculture market based on the offering?
7. What is the breakup of the global smart agriculture market based on farm size?
8. What are the key regions in the global smart agriculture market?
9. Who are the key players/companies in the global smart agriculture market?
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 AG Leader Technology
List of Figures
- Figure 1: Global: Smart Agriculture Market: Major Drivers and Challenges
- Figure 2: Global: Smart Agriculture Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Smart Agriculture Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Smart Agriculture Market: Breakup by Agriculture Type (in %), 2022
- Figure 5: Global: Smart Agriculture Market: Breakup by Offering (in %), 2022
- Figure 6: Global: Smart Agriculture Market: Breakup by Farm Size (in %), 2022
- Figure 7: Global: Smart Agriculture Market: Breakup by Region (in %), 2022
- Figure 8: Global: Smart Agriculture (Precision Farming) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Smart Agriculture (Precision Farming) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Smart Agriculture (Livestock Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Smart Agriculture (Livestock Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Agriculture (Smart Greenhouse) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Agriculture (Smart Greenhouse) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Smart Agriculture (Other Agriculture Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Smart Agriculture (Other Agriculture Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Smart Agriculture (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Smart Agriculture (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Smart Agriculture (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Smart Agriculture (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Smart Agriculture (Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Smart Agriculture (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Smart Agriculture (Small) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Smart Agriculture (Small) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Smart Agriculture (Medium) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Smart Agriculture (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Smart Agriculture (Large) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Smart Agriculture (Large) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Smart Agriculture Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Smart Agriculture Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Smart Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Smart Agriculture Market Forecast: Breakup by Agriculture Type (in Million US$), 2023-2028
- Table 3: Global: Smart Agriculture Market Forecast: Breakup by Offering (in Million US$), 2023-2028
- Table 4: Global: Smart Agriculture Market Forecast: Breakup by Farm Size (in Million US$), 2023-2028
- Table 5: Global: Smart Agriculture Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Smart Agriculture Market: Competitive Structure
- Table 7: Global: Smart Agriculture Market: Key Players
