Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Agriculture IoT Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Agriculture IoT Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Agriculture IoT Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Agriculture
IoT Market is offered.
Market
Insights:
In accordance with the report, the Agriculture IoT Market
is projected to expand at a CAGR of X.X% over the period
of forecast. The global Agriculture IoT Market
was valued at USD XX.X Mn in 2022 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. Factors such
as rising global population and rising food consumption have pushed the
adoption of new technologies to optimise agriculture production, and the IoT in
agriculture market is predicted to grow at a rapid pace. Furthermore, climate
change has a huge effect on world agriculture productivity. As a result, the
use of IoT-based technologies to maximise agriculture production is aided by
harsh weather conditions. However, over the next few years, the scenario is
projected to alter. Farmers will be encouraged to adopt agriculture IoT as the
pressures of high output, limited resources, and a lack of qualified and
educated labour grow. Furthermore, in the recovery period from COVID-19,
government subsidies, lowering IoT hardware costs, and continuing growth in the
sophistication of IoT technology are projected to encourage more farmers to use
agriculture IoT. In order to support
smart farming in their various regions, many government organisations have
begun awareness campaigns, policy reforms, and partnerships with the private
sector. Many groups are also working to improve precision farming techniques by
including elements such as data accessibility and analytical power. Across the
globe, growing population and increased demand for food, Asia-Pacific was the
largest market for IoT in agriculture in 2021. Furthermore, the government's
initiative to deploy remote sensing technology to collect ground data and
satellite images to detect agriculture conditions in various regions is likely
to promote market growth even further. China, India, Japan, and South Korea are
among the countries in this region that are more open to new technologies.
Increased adoption of smart gadgets, rising consumer demand for higher-quality
food, and government initiatives are all driving growth in this region. Other
factors driving growth in the APAC market include the need to use digital
solutions in product development processes to reduce downtime and the increased
willingness of users to spend in digital solutions to thrive in competitive
markets.
Research
Methodology:
To compile
the detailed study of the global Agriculture IoT market, a robust research
methodology has been adopted that aids in determining the key insights and also
evaluates the growth prospects of the Agriculture IoT Market. Comprehensive and iterative research methodology
focused on minimizing deviance in order to provide the most accurate estimates
and forecast possible. The company utilizes a combination of bottom-up and
top-down approaches for segmenting and estimating quantitative aspects of the
market. Our research methodology implements a mix of primary as well as
secondary research. Our projects are initiated with secondary research, where
we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Agriculture IoT Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Agriculture
IoT market was affected negatively due to the shutdown of manufacturing/processing
facilities for some time. The analysts have also focused on the key measures
that the companies are opting to withstand the harsh scenario.
Segment
Covered:
Agriculture IoT Market report has been segmented by product type, by
application also includes the market size and forecast for all these segments.
Compounded annual growth rates for all segments have also been provided for
2019 to 2031. This report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain.
Key Segments:
Agriculture IoT Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2019 to 2031, for the following segments:
Agriculture IoT
Market, By Product type, 2021-2031 (USD Million)
·
Hardware
·
Software
·
Services
Agriculture IoT
Market, By Application, 2021-2031 (USD Million)
·
Precision
Farming
·
Precision
Forestry
·
Livestock
Monitoring
·
Fish Farm
Monitoring
·
Smart
Greenhouse
·
Others
(Horticulture and orchids)
Report
Highlights:
The prime objective of the Agriculture IoT market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Agriculture IoT Market, By Region, 2021-2031
(USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Agriculture
IoT market:
·
AG Leader
Technology
·
AGCO
Corporation (AGCO)
·
AgJunction
Inc. (AgJunction)
·
Antelliq
·
Caterpillar
·
Deere &
Company, Trimble
·
DeLaval, GEA
Farm Technology
·
DICKEY-john
Corporation
·
Komatsu
Forest AB
·
Lely
·
Ponsse
·
Raven
Industries
·
Tigercat
·
Treemetrics
·
Topcon
Positioning Systems
·
Others
Agriculture IoT Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.