Global Agriculture IoT Market, By Agriculture Type (Precision Farming , Precision Livestock, Precision Aquaculture, Precision Forestry, Smart Greenhouses, Others), By Farm Size (Large, Mid-Sized, Small Farms), and opportunities and forecast 2020-2027
Agriculture IoT Market Overview
Precision farming/smart farming could ensure high returns for factory farm if used to its complete potential; it will facilitate farmers battle the negative effects of nature on crops by collection geospatial information of soil, livestock, and plant, and different inter-and intra-field information. precision farming conjointly provides inputs concerning the necessities for irrigation, liquid fertilizers, nutrients, herbicides, and pesticides, thereby reducing the wastage of resources and therefore the overall price of farming. the employment of advanced technologies like remote sensing, variable rate technology (VRT), steerage technology, yield mapping computer code, GPS, and information management computer code in agricultural practices facilitate enhance land fertility and profit, facilitate property agriculture, maximize productivity, scale back the value of farming, and reduce labor overheads. GPS-based auto-guidance technology permits growers to scale back the overlapping of apparatus and tractor passes, thereby saving fuel, labor, time, and soil compaction. Similarly, VRT permits input application rates to be varied across fields for site-specific management of the sphere variability. This technology helps in reducing input usage, thereby decreasing environmental impacts like gas emission, eroding and degradation, and genetic erosion. the expansion rate of VRT is anticipated to be on top of that of different technologies as a result of VRT helps in applying the correct amount of input at the correct place on the sphere, that minimizes the input waste and will increase land and crop productivity.
A major issue restraining the expansion of the agriculture IoT market is that the demand for prime initial investments. Currently, agricultural IoT devices and tools square measure dearly-won, thereby creating it unaffordable for smaller farmers in developed regions and most farmers in rising economies.
The covid-19 Impact on Agriculture IoT Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||Agriculture Type, Application, and Region
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||Deere and Company ,Trimble Inc., AGCO Corporation , Raven Industries , Delaval , GEA Group , AgJunction, Antelliq , Ponsse Komatsu Forest,Farmer's Edge Inc.,The Climate Corporation,DICKEY-john , CropMetrics LLC .
Whereas, the chemicals and accoutrements sectors were relatively affected during the pandemic. This is primarily due to uncut demand for chemicals for healthcare, life wisdom, and drawing agents. However, other elements of chemical and material sectors such as types of paints, industrial oil, construction materials are facing reduction in demand. Strict lockdown reflected in a nearly 50-60% reduction in force for raw supply and availability, which directly affected the manufacturing process. Further, halt on numerous end-use diligence directly affected the chemical demand each around the world. Agriculture IoT market Segment Overview
By Agriculture Type ,Precision aquaculture application segment to register higher CAGR during the forecast period. The precision aquaculture application segment is projected to register the higher CAGR during the forecast period, by application. Increasing demand for real-time tracking of fishing activity is the major reason behind the high growth of the agriculture IoT market in aquaculture farm monitoring applications. Additionally, increasing government support worldwide for freshwater aquaculture production, and growing investments in technological research and product innovations to further boost the demand for the market.
By Farm Size, Small farm segment is expected to witness higher CAGR growth during the forecast period ,The agriculture IoT market for the small farm segment is projected to register the higher CAGR during the forecast period, by farm size. Small farms are expected to adopt automation and other advanced technologies at the highest rate in the coming years due to the reducing cost of farm automation equipment and advancements in technology that make it more feasible to deploy automation tools even on smaller farms to achieve high returns on investments.
Market Analysis, Insights and Forecast – By Agriculture Type
· Precision Farming
· Precision Livestock
· Precision Aquaculture
· Precision Forestry
· Smart Greenhouses
Market Analysis, Insights and Forecast – By Farm Size
· Small FarmsAgriculture IoT Market Regional Overview
Region-wise, in terms of regions ,APAC is likely to be the fastest-growing agriculture IoT market during the forecast amount. Agriculture IoT techniques are expected to be adopted at a high rate in APAC. This region consists of rising countries like india, China, and countries in South East Asia. speedily growing population, availability of arable land, and robust government support for farmers through subsidies in these regions are the major factors driving the adoption of agriculture IoT technologies in APAC.
Agriculture IoT Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Agriculture IoT Market Competitor overview
Some key developments and strategies adopted by manufacturers in theAgriculture IoT are highlighted below.
· In 2021, deere & Company launched an updated version of ExactRate, that is Associate in Nursing on-planter system that fertilizes new crops with double the previous speed and reduces the amount of refills required for fertilizer tanks throughout planting.Agriculture IoT Market, Key Players -
· Deere and Company
· Trimble Inc.
· AGCO Corporation
· Raven Industries
· GEA Group
· Komatsu Forest
· Farmer's Edge Inc.
· The Climate Corporation
· CropMetrics LLC
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Agriculture IoT Market during the forecast period?
A. Agriculture IoT market is expected to record a CAGR of ~ XX % during the forecast period.
Q2. Which segment is projected to hold the largest share in the Agriculture IoT Market?
A. Agriculture Aquaculture segment is projected to hold the largest share in the Agriculture IoT Market.
Q3. What are the driving factors for the Agriculture IoT Market?
A. Saving fuel, labor, time, and soil compaction, the growing variety of pipeline studies , these are main factors driving the growth of automotive lighting market.
Q4. Which Segments are covered in the Agriculture IoT Market report?
A. Agriculture Type , Application and Region, these segments are covered in the Agriculture IoT Market report
Q5. Which are the prominent players offering agriculture IoT Market?
A. Deere and Company ,Trimble Inc., AGCO Corporation , Raven Industries , Delaval , GEA Group , AgJunction, Antelliq , Ponsse Komatsu Forest,Farmer's Edge Inc.,The Climate Corporation,DICKEY-john , CropMetrics LLC .