Global Connected Agriculture Market, By Component (Solution, Platforms, and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management) and opportunities and forecast 2020-2027
Connected Agriculture Market Overview
The demand for food is growing at a fast rate because of increase in population across the world. World population is growing at an exponential rate and is anticipated to succeed in roughly nine.6 billion by 2050. Each year, around eighty five million folks area unit additional to the full population. in line with Food and Agriculture Organization (FAO), to stay up with the increment, the food production rate should double between 2014 and 2050. the worldwide demand for food is increasing by two each year; by 2050, there would be a requirement to provide seventieth additional food worldwide compared to the present production pattern. moreover, to feature on to the current issue, farmers still heavily consider climate for food production. Any unpredictable modification in atmospheric condition affects the yield and farmers need to face losses. problems like warming, deforestation, and alternative environmental issues in several developing countries across the world area unit hampering the food production and eutherian mammal farming.
Connected agriculture solutions facilitate farmers to with efficiency use their restricted resources, like water, seeds, land area, and fertilizers, to fulfil the growing demand for food. Connected agriculture solutions facilitate farmers change farm instrumentality, increase farm yield, cut back labour, improve productivity, and enhance operational potency. Connected agriculture solutions facilitate in optimizing farm operations to address the imbalance between food production and consumption.
Currently, the implementation of connected agriculture techniques and solutions on farms needs high capital investment. Most farmers across the world area unit marginal farmers or tiny landholding farmers, UN agency realize it tough to take a position in such valuable instrumentality. Connected agriculture needs high initial investments, economical farming tools, and expert and knowledgeable farmers, thereby creating them hesitant to use this technology for gathering basic information. The access to the newest technology is restricted principally to massive and industrial farms, attributable to high technological value. Farmers or growers need to build vast investments in drones, Geographic data Systems (GIS), and world Positioning Systems (GPS) to gather input file, variable rate technology, and satellite devices, among others.
The covid-19 Impact on Connected Agriculture Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||Type, Farm Size, Deployment Method, Industry Vertical, 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)
||IBM ,Deere & Company ,Microsoft, Farmers Edge,The Climate Corp,ec2ce ,Descartes Lab ,AgEagle , aWhere ,Gamaya ,Precision Hawk ,Granular ,Prospera ,Cainthus ,Taranis,Resson,FarmBot Inc. ,Connecterra , Vision Robotics ,Harvest Croo,ATC,Trace Genomics, VineView , CropX ,Tule Technologies , PEAT .
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount. Connected Agriculture Market Segment Overview
By Services ,Device management is predicted to account for the largest market size throughout the forecast period.
The device management solutions assist organizations to manage, track, secure, and sustain copious devices that are employed in connected agriculture preparation. The configuration management feature of the device management answer is employed to piece new devices, in accordance with the necessity of operate. The devices area unit supported completely different communication technologies, and thus, carries with it completely different communication interfaces and operational systems. The growing demand for access and management over connected devices is predicted to drive the Connected Agriculture Market.
In-production coming up with and management section is predicted to achieve a bigger market share throughout the forecast amount.
In-production coming up with and management application space involves water and irrigation management, breeding and feed management, crop reconnaissance, production observation and maintenance, animal following and navigation, and agri finance and insurance management. Connected agriculture answer and services facilitate in gathering time period info regarding farm irrigation, animal health, feeding behavior, hygiene, location following, crop production, and insurance among others, to boost the crop, farm and placental mammal management method, improve the productivity, and also the quality of production
Market Analysis, Insights and Forecast – By Deployment Modes
Market Analysis, Insights and Forecast – By Application
· Pre-Production Planning and Management,
· In-Production Planning and Management,
· Post-Production Planning and Management Connected Agriculture Market Regional Overview
Region-wise, in terms of regions, From a geographical point of view, North America is probably going to dominate world connected agriculture market owing to growing adoption among the tiny farmers. The North America region has farms with well-equipped farming instrumentation and this is often mostly contributing towards growth of the worldwide connected agriculture market. However, alternative developing economies like APAC ar expected to register vital growth within the world connected agriculture market within the coming back years. this is often thanks to growing investment in connected agriculture and implementation of cloud primarily based solutions, that more contributes towards the market’s growth. On the opposite hand, lack of standardization for knowledge in many regions is probably going to have an effect on the widespread adoption of connected agriculture solutions.
Connected Agriculture 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) Connected Agriculture Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Connected Agriculture are highlighted below.
· In 2018, Microsoft partnered with SlantRange, a leading provider of remote sensing and analytics system for agriculture. This partnership enabled SlantRange to supply new aerial measurements and information solutions for the agriculture industry. Connected Agriculture Market, Key Players
· Deere & Company
· Farmers Edge,
· The Climate Corp
· Descartes Lab
· Precision Hawk
· FarmBot Inc.
· Vision Robotics
· Harvest Croo,
· Trace Genomics
· Tule Technologies
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Connected Agriculture market during the forecast period?
A. Connected Agriculture market is expected to record a CAGR of ~ 12.1% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Connected Agriculture Market?
A. Large Enterprises segment is projected to hold the largest share in the Connected Agriculture Market.
Q3. What are the driving factors for the Connected Agriculture market?
A. The growing demand for replacing the standard anti-fraud technology tools with advanced analytics is key factors that boost the growth of the Connected Agriculture market progressively.
Q4. Which Segments are covered in the Connected Agriculture market report?
A. Type, Farm Size, Deployment Method, Industry Vertical, and Region, these segments are covered in the Connected Agriculture market report.
Q5. Which are the prominent players offering connected agriculture?
A. IBM ,Deere & Company ,Microsoft, Farmers Edge,The Climate Corp,ec2ce ,Descartes Lab,AgEagle,aWhere,Gamaya,Precision Hawk ,Granular ,Prospera ,Cainthus ,Taranis,Resson,FarmBot Inc. ,Connecterra , Vision Robotics ,Harvest Croo,ATC,Trace Genomics, VineView , CropX ,Tule Technologies , PEAT .