Asia Pacific Precision Farming Market Forecast to 2031 - Regional Analysis

Description

List of Tables

The Asia Pacific precision farming market was valued at US$ 2,335.28 million in 2023 and is expected to reach US$ 6,907.72 million by 2031; it is estimated to register a CAGR of 14.5% from 2023 to 2031.

Growing Demand for Agricultural Robots Boosts Asia Pacific Precision Farming Market

An agricultural robot is a robotic device that can advance agricultural processes by taking over many farmer's duties that are labor-intensive. Agriculture robots make many applications faster, simpler, more precise, and effective. Driverless tractors, drones for data collection and crop monitoring, automated irrigation and harvesting, autonomous precision seedings, are a few of the frequently used agricultural robots for crop farming, soil management, and livestock production. Furthermore, various companies offer agricultural robots for farming, harvesting, picking, and weeding purposes. For example, Tortuga AgTech and Harvest Automation provide farm robots, while Harvest CROO offers harvesting robots. Moreover, various companies continue to launch agricultural robots worldwide. For instance, Solinftec, a global leader in artificial intelligence solutions and sustainable agricultural practices, announced the launch of its Solix Sprayer Robot and that it is commercially available to farmers, cooperatives and Ag retailers. Thus, the growing adoption and launch of agricultural robots are expected to provide opportunities for the precision farming market growth during the forecast period.

Asia Pacific Precision Farming Market Overview

Key factors such as the increasing use of cloud-based technology, the adoption of modern farming techniques to enhance productivity, and the growing food demand drive the growth of precision agriculture in Asia Pacific. Additionally, government initiatives aimed at increasing the usage of modern technologies in agriculture are playing a significant role in propelling market growth. In many developing countries in Asia Pacific, the majority of farmers are smallholders who operate small farms crucial for food security in a few of the region's underprivileged areas. These farmers often rely on generic recommendations or historical information to make field decisions rather than using scientific data. Precision agriculture is transforming the farming landscape for small-scale farmers in Asia Pacific, providing a wide range of advantages. Through the use of sophisticated methods such as mechanized planting, precise fertilizer application, accurate irrigation, and comprehensive pest control, farmers can enhance their use of resources, resulting in higher crop yields and improved land sustainability. Precision agriculture offers opportunities to address this by enabling farmers to make decisions based on data and optimize their agricultural production processes.

Asia Pacific Precision Farming Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Precision Farming Market Segmentation

The Asia Pacific precision farming market is categorized into offering, application, and country.

By offering, the Asia Pacific precision farming market is segmented into hardware, software, and services. The hardware segment held the largest share of the Asia Pacific precision farming market share in 2023.

In application, the Asia Pacific precision farming market is segmented into yield monitoring, crop scouting, field mapping, inventory management, weather tracking and forecasting, and others. The yield monitoring segment held the largest share of the Asia Pacific precision farming market share in 2023.

Based on country, the Asia Pacific precision farming market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China segment held the largest share of Asia Pacific precision farming market in 2023.

Ag Leader Technology, AGCO Corp, CNH Industrial NV, CropX Inc, Deere & Co, TeeJet Technologies, Topcon Corp, and Trimble Inc are some of the leading companies operating in the Asia Pacific precision farming market.

Product Code: BMIRE00031394

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Asia Pacific Precision Farming Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Raw Material Providers
- 4.2.2 Precision Farming Service Providers
- 4.2.3 Precision Farming Hardware and Software Providers
- 4.2.4 End Users
- 4.2.5 List of Vendors in the Value Chain

5. Asia Pacific Precision Farming Market - Key Market Dynamics

5.1 Asia Pacific Precision Farming Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Reliance on Smartphones
- 5.2.2 Surging Global Population and Food Demand
- 5.2.3 Rising Government Support for Modernizing Agricultural Practices
5.3 Market Restraints
- 5.3.1 Data Privacy and Security Concerns
- 5.3.2 Unstable Internet Connectivity and Poor Transport Infrastructure
5.4 Market Opportunities
- 5.4.1 Growing Demand for Agricultural Robots
- 5.4.2 Rapid Adoption of Advanced Analytics and IoT
5.5 Future Trends
- 5.5.1 Advanced Precision Farming Techniques
5.6 Impact of Drivers and Restraints:

6. Precision Farming Market - Asia Pacific Market Analysis

6.1 Asia Pacific Precision Farming Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Precision Farming Market Forecast Analysis

7. Asia Pacific Precision Farming Market Analysis - by Offering

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Services
- 7.3.1 Overview
- 7.3.2 Services: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Precision Farming Market Analysis - by Application

8.1 Yield Monitoring
- 8.1.1 Overview
- 8.1.2 Yield Monitoring: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Field Mapping
- 8.2.1 Overview
- 8.2.2 Field Mapping: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Crop Scouting
- 8.3.1 Overview
- 8.3.2 Crop Scouting: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Inventory Management
- 8.4.1 Overview
- 8.4.2 Inventory Management: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Weather Tracking and Forecasting
- 8.5.1 Overview
- 8.5.2 Weather Tracking and Forecasting: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Asia Pacific Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Precision Farming Market - Country Analysis

9.1 Asia Pacific
- 9.1.1 Asia Pacific Precision Farming Market Overview
- 9.1.2 Asia Pacific Precision Farming Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 Asia Pacific Precision Farming Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 Australia: Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 Australia: Precision Farming Market Breakdown, by Offering
    - 9.1.2.2.2 Australia: Precision Farming Market Breakdown, by Application
  - 9.1.2.3 China: Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 China: Precision Farming Market Breakdown, by Offering
    - 9.1.2.3.2 China: Precision Farming Market Breakdown, by Application
  - 9.1.2.4 India: Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 India: Precision Farming Market Breakdown, by Offering
    - 9.1.2.4.2 India: Precision Farming Market Breakdown, by Application
  - 9.1.2.5 Japan: Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.5.1 Japan: Precision Farming Market Breakdown, by Offering
    - 9.1.2.5.2 Japan: Precision Farming Market Breakdown, by Application
  - 9.1.2.6 South Korea: Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.6.1 South Korea: Precision Farming Market Breakdown, by Offering
    - 9.1.2.6.2 South Korea: Precision Farming Market Breakdown, by Application
  - 9.1.2.7 Rest of Asia Pacific: Precision Farming Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.7.1 Rest of Asia Pacific: Precision Farming Market Breakdown, by Offering
    - 9.1.2.7.2 Rest of Asia Pacific: Precision Farming Market Breakdown, by Application

10. Competitive Landscape

10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions

12. Company Profiles

12.1 Ag Leader Technology
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 CropX Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 AGCO Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Trimble Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Deere & Co
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 CNH Industrial NV
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Topcon Corp
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 TeeJet(R) Technologies
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners