Smart Agriculture Market Size in Hardware Will Register Extensive Growth Up To 2025

Based on offerings, the smart agriculture market has been divided into three categories, hardware, software and services. The hardware for precision farming includes automation, monitoring and sensing systems. GPS, RFID tags and readers, transmitters, mounting equipment are hardware for livestock monitoring. Hardware for smart greenhouse include LED grow lights and HVAC systems. The software is web based and cloud based. Hardware components are anticipated to hold a significant share in the smart agriculture market between 2017 and 2024. The services section has various components such as professional services, support and maintenance, managed services, consulting, system integration and connectivity services.

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Geographically, the smart agriculture market is segmented into five regions, North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. In 2016, North America held the major share of smart agriculture market. Deep-dive research projects funded by the government to increase the crop yield and minimizing human labour are the key factors for the growth of smart agriculture in North America. Europe is second in race and has lucrative opportunities owing to the investments made by the government for research and development of robust technology.

The smart agriculture market can be broadly classified into types, applications, offerings and regions. Based on types, smart agriculture can be divided into five segments which are, fish farming, precision farming, smart greenhouses, monitoring of livestock and others such as horticulture, orchid and forestry. Based on applications, the market can be divided into precision farming applications, livestock monitoring applications, smart greenhouses applications, fish farming applications and others (forestry, orchid, horticulture). In precision livestock farming, sensors are used for monitoring and detection of health issues in animals. In fish farming, GPS, sensors and mobile phones are widely used for fleet navigation and fish tracking. Smart agriculture market serving the fish farming applications is expected to witness robust growth. Smart greenhouse applications cover a wide range such as HVAC management, fertilizer and water management and yield monitoring.

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The key smart agriculture market players operating in this industry are Deere & Company, AGCO Corporation, Semiosbio Technologies Inc., Cisco Systems Inc., Trimble, Inc., DeLaval Corporation, Raven Industries, Inc., Advanced Ag Solutions LLC, Digi-Star LLC, etc. Players are banking on strong partnerships and high level of investments in the market. In April 2016, Flex technology accelerator, Lab IX and Robert Bosch Venture Capital GmbH invested in CropX Inc., a U.S. based smart agricultural solution provider, to enhance its product portfolio. In January 2017, Agribotix LLC signed a partnership deal with SenseFly to offer a range of sensors, drones and agricultural data processing technology.

Methodology used in Smart Agriculture Market Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

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