Smart Agriculture Market | 2031 Insights | Recent Updates
The Smart Agriculture Market is expected to register a CAGR of 14.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Hardware, Software, and Services) and Application (Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the Report
The report Smart Agriculture Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Smart Agriculture Market Segmentation
roduct Type
- Hardware
- Software
- Services
Application
- Precision Farming
- Livestock Monitoring
- Smart Greenhouse
- Others.
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Smart Agriculture Market: Strategic Insights
| Market Size Value in | US$ 15.45 billion in 2022 |
| Market Size Value by | US$ 32.37 billion by 2028 |
| Growth rate | CAGR of 12% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Smart Agriculture Market Growth Drivers
- Increasing Demand for Food Production: With the global population growing rapidly, the demand for food is at an all-time high. Smart agriculture solutions, including precision farming, IoT sensors, and automated machinery, help optimize farming practices to meet these demands. These technologies enable farmers to increase crop yields, reduce waste, and improve resource management, thus addressing the need for more efficient food production systems to feed the world’s growing population.
- Rising Focus on Sustainability: Sustainability is becoming a major concern in agriculture due to climate change, resource depletion, and environmental degradation. Smart agriculture technologies help farmers adopt more sustainable practices by optimizing water use, reducing chemical inputs, and minimizing waste. Technologies like drones, soil sensors, and automated irrigation systems enable more efficient resource management, promoting environmental stewardship while maintaining productivity.
Smart Agriculture Market Future Trends
- Integration of AI and Machine Learning: Artificial intelligence (AI) and machine learning (ML) are increasingly being integrated into smart agriculture systems. These technologies analyze vast amounts of data collected from sensors, drones, and satellites, providing actionable insights for farmers. AI and ML can predict weather patterns, optimize planting schedules, detect pests, and enhance crop management, improving decision-making and overall farm efficiency.
- Growth of Autonomous Farming Equipment: The adoption of autonomous vehicles and machinery is a growing trend in smart agriculture. Tractors, harvesters, and drones equipped with GPS and sensors are becoming more common. These autonomous systems reduce labor costs, improve accuracy, and enable 24/7 operations, allowing farmers to optimize field operations such as planting, fertilizing, and harvesting with minimal human intervention, increasing productivity and reducing operational costs.
Smart Agriculture Market Opportunities
- Expansion in Precision Agriculture: Precision agriculture is one of the most significant opportunities for smart agriculture. By using advanced technologies such as GPS-guided tractors, drones, and soil sensors, farmers can monitor and manage crops at an unprecedented level of detail. This can result in increased crop yields, reduced waste, and more efficient use of inputs like water and fertilizers, creating substantial growth potential in the agriculture technology space.
- Rise of Vertical Farming: Vertical farming, an innovative approach that allows crops to be grown in stacked layers or controlled environments, offers significant opportunities for smart agriculture technologies. Automated systems for lighting, temperature, irrigation, and nutrient delivery are crucial for maximizing space and efficiency. As urbanization grows, vertical farming can provide a solution for local food production, reducing transportation costs and ensuring fresh produce year-round.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Smart Agriculture Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Smart Agriculture Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The Smart Agriculture Market is estimated to witness a CAGR of 14.7% from 2023 to 2031
Rise in digitalization and governmentiInvestment are the major factors driving the smart agriculture market.
Focus on Advanced Technology Integration are likely to remain a key trend in the market.
Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Global Smart Agriculture Market - Key Industry Dynamics
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Smart Agriculture Market - By Product Type
4.2.2 Global Smart Agriculture Market - By Application
4.2.3 Global Smart Agriculture Market - By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Smart Agriculture Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Burgeoning global population
5.1.2 Rising concern regarding food security and climate change
5.1.3 Declining Soil Productivity
5.2 Key Market Restraints
5.2.1 Lack of awareness among the farmers
5.2.2 Exorbitant products and services
5.2.3 Inadequate IT infrastructure facilities
5.3 Key Market Opporunities
5.3.1 Government initiatives and investments
5.3.2 Rising penetration of internet and Expansion of Smartphone
5.4 Future Trends
5.4.1 Technological advancements in the near future
5.4.2 Predicting the weather to take the guesswork out of farming
5.4.3 Increasing farm productivity through unexpected data partnerships
5.5 Impact Analysis of Drivers and Restraints
6 Smart Agriculture Market - Global
6.1 Global Smart Agriculture Market Overview
6.2 Global Smart Agriculture Market Forecast and Analysis
7 Global Smart Agriculture Market Analysis - By Product Type
7.1 Overview
7.2 Hardware
7.2.1 Overview
7.2.2 Global Hardware Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.1 Sensor Based Monitoring System
7.2.2.1.1 Overview
7.2.2.1.2 Global Sensor Based Monitoring System Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.2 Smart Detection System
7.2.2.2.1 Overview
7.2.2.2.2 Global Smart Detection System Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.3 GPS Enabled Ranging System
7.2.2.3.1 Overview
7.2.2.3.2 Global GPS Enabled Ranging System Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.4 Drones
7.2.2.4.1 Overview
7.2.2.4.2 Global Drones Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecasts to 2025 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecasts to 2025 (US$ Mn)
7.4.2.1 Climate Information
7.4.2.1.1 Overview
7.4.2.1.2 Global Climate Information Market Revenue and Forecasts to 2025 (US$ Mn)
7.4.2.2 Supply Chain Management
7.4.2.2.1 Overview
7.4.2.2.2 Global Supply Chain Management Market Revenue and Forecasts to 2025 (US$ Mn)
7.4.2.3 Others
7.4.2.3.1 Overview
7.4.2.3.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
8 Global Smart Agriculture Market Analysis - By Application
8.1 Overview
8.2 Precision Farming
8.2.1 Overview
8.2.2 Global Precision Farming Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Livestock Monitoring
8.3.1 Overview
8.3.2 Global Livestock Monitoring Market Revenue and Forecasts to 2025 (US$ Mn)
8.4 Yield Monitoring
8.4.1 Overview
8.4.2 Global Yield Monitoring Market Revenue and Forecasts to 2025 (US$ Mn)
8.5 Soil Health Monitoring
8.5.1 Overview
8.5.2 Global Soil Health Monitoring Market Revenue and Forecasts to 2025 (US$ Mn)
8.6 Irrigation System
8.6.1 Overview
8.6.2 Global Irrigation System Market Revenue and Forecasts to 2025 (US$ Mn)
8.7 Variable Rate Technology (VRT)
8.7.1 Overview
8.7.2 Global Variable Rate Technology Market Revenue and Forecasts to 2025 (US$ Mn)
8.8 Asset Management
8.8.1 Overview
8.8.2 Global Asset Management Market Revenue and Forecasts to 2025 (US$ Mn)
8.9 Smart Greenhouse
8.9.1 Overview
8.9.2 Global Smart Greenhouse Market Revenue and Forecasts to 2025 (US$ Mn)
8.1 Others
8.10.1 Overview
8.10.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
9 Global Smart Agriculture Market - Geographical Analysis
9.1 Overview
9.2 North America Smart Agriculture Market Revenue and Forecasts to 2025
9.2.1 Overview
9.2.2 North America Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3 North America Smart Agriculture Market Breakdown by Key Countries
9.2.3.1 US Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.2 Canada Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.3 Mexico Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.4 North America Smart Agriculture Market Breakdown by Product Type
9.2.4.1 North America Smart Agriculture Market Breakdown by Hardware Type
9.2.4.2 North America Smart Agriculture Market Breakdown by Service Type
9.2.5 North America Smart Agriculture Market Breakdown by Application
9.3 Europe Smart Agriculture Market Revenue and Forecasts to 2025
9.3.1 Overview
9.3.2 Europe Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3 Europe Smart Agriculture Market Breakdown by Key Countries
9.3.3.1 France Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.2 Germany Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.3 Italy Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.4 Spain Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.5 UK Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.4 Europe Smart Agriculture Market Breakdown by Product Type
9.3.4.1 Europe Smart Agriculture Market Breakdown by Hardware Type
9.3.4.2 Europe Smart Agriculture Market Breakdown by Service Type
9.3.5 Europe Smart Agriculture Market Breakdown by Application
9.4 Asia Pacific (APAC) Smart Agriculture Market Revenue and Forecasts to 2025
9.4.1 Overview
9.4.2 Asia Pacific Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3 Asia Pacific Smart Agriculture Market Breakdown by Countries
9.4.3.1 Australia Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.2 China Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.3 India Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.4 Japan Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.4 Asia Pacific Smart Agriculture Market Breakdown by Product Type
9.4.4.1 Asia Pacific Smart Agriculture Market Breakdown by Hardware Type
9.4.4.2 Asia Pacific Smart Agriculture Market Breakdown by Service Type
9.4.5 Asia Pacific Smart Agriculture Market Breakdown by Application
9.5 Middle East & Africa (MEA) Smart Agriculture Market Revenue and Forecasts to 2025
9.5.1 Overview
9.5.2 Middle East & Africa Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3 Middle East & Africa Smart Agriculture Market Breakdown by Key Countries
9.5.3.1 Saudi Arabia Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.2 UAE Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.3 South Africa Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.4 Middle East & Africa Smart Agriculture Market Breakdown by Product Type
9.5.4.1 Middle East & Africa Smart Agriculture Market Breakdown by Hardware Type
9.5.4.2 Middle East & Africa Smart Agriculture Market Breakdown by Service Type
9.5.5 Middle East & Africa Smart Agriculture Market Breakdown by Application
9.6 South America Smart Agriculture Market Revenue and Forecasts to 2025
9.6.1 Overview
9.6.2 South America Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.3 South America Smart Agriculture Market Breakdown by Key Countries
9.6.3.1 Brazil Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.4 South America Smart Agriculture Market Breakdown by Product Type
9.6.4.1 South America Smart Agriculture Market Breakdown by Hardware Type
9.6.4.2 South America Smart Agriculture Market Breakdown by Services Type
9.6.5 South America Smart Agriculture Market Breakdown by Application
10 Industry Landscape
10.1 Market Initative
10.2 Merger and Acquisition
10.3 New Development
11 Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning
12 Global Smart Agriculture Market - Key Company Profiles
12.1 Ag Leader Technology, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 AGCO Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 AgJunction Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Deere & Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Raven Industries, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Semiosbio Technologies Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 SST Software
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Teejet Technologies
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Topcon Positioning Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.1 Trimble, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
List of Tables
Table 1: Global Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Table 2: North America Smart Agriculture Market Revenue and Forecasts to 2025 - By Product Type (US$ Mn)
Table 3: North America Smart Agriculture Market Revenue and Forecasts to 2025 - By Hardware Product Type (US$ Mn)
Table 4: North America Smart Agriculture Market Revenue and Forecasts to 2025 - By Service Product Type (US$ Mn)
Table 5: North America Smart Agriculture Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 96
Table 6: Europe Smart agriculture Market Revenue and Forecasts to 2025 - By Product Type (US$ Mn)
Table 7: Europe Smart Agriculture Market Revenue and Forecasts to 2025 - By Hardware Product Type (US$ Mn)
Table 8: Europe Smart Agriculture Market Revenue and Forecasts to 2025 - By Service Product Type (US$ Mn)
Table 9: Europe Smart Agriculture Market Revenue and Forecasts to 2025 - By Application (US$ Mn)
Table 10: Asia Pacific Smart Agriculture Market Revenue and Forecasts to 2025 - By Product Type (US$ Mn)
Table 11: Asia Pacific Smart Agriculture Market Revenue and Forecasts to 2025 - By Hardware Product Type (US$ Mn)
Table 12: Asia Pacific Smart Agriculture Market Revenue and Forecasts to 2025 - By Service - Product Type (US$ Mn)
Table 13: Asia Pacific Smart Agriculture Market Revenue and Forecasts to 2025 - By Application (US$ Mn)
Table 14: Middle East & Africa Smart Agriculture Market Revenue and Forecasts to 2025 - By Product Type (US$ Mn) 132
Table 15: Middle East & Africa Smart Agriculture Market Revenue and Forecasts to 2025 - By Hardware Product Type (US$ Mn)
Table 16: Middle East & Africa Smart Agriculture Market Revenue and Forecasts to 2025 - By Service Product Type (US$ Mn)
Table 17: Middle East & Africa Smart Agriculture Market Revenue and Forecasts to 2025 - By Application (US$ Mn)
Table 18: South America Smart Agriculture Market Revenue and Forecasts to 2025 - By Product Type (US$ Mn)
Table 19: South America Smart Agriculture Market Revenue and Forecasts to 2025 - By Hardware Product Type (US$ Mn)
Table 20: South America Smart Agriculture Market Revenue and Forecasts to 2025 - By Services Product Type (US$ Mn)
Table 21: South America Smart Agriculture Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 148
Table 22: Glossary of Terms, Smart Agriculture Market
List of Figures
Figure 1: Smart Agriculture, Global Revenue (US$ Mn), 2016 & 2025
Figure 2: APAC Smart Agriculture Market, Global Revenue (US$ Mn), 2016 & 2025
Figure 3: Smart Agriculture Market Segmentation
Figure 4: Smart Agriculture Market Segmentation
Figure 5: Smart Agriculture Market Segmentation
Figure 6: North America PEST Analysis
Figure 7: Europe PEST Analysis
Figure 8: APAC PEST Analysis
Figure 9: MEA PEST Analysis
Figure 10: SAM PEST Analysis
Figure 11: Smart Agriculture Market Impact Analysis of Driver and Restraints
Figure 12: Global Market Revenue and Forecasts to 2025 (US$ Bn)
Figure 13: Global Smart Agriculture Market Breakdown By Product Type, 2016 & 2025 (%)
Figure 14: Hardware Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15: Global Smart Agriculture Market Breakdown By Hardware, 2016 & 2025 (%)
Figure 16: Global Sensor Based Monitoring System Market Revenue and Forecasts to 2025 (US$ Mn) 52
Figure 17: Global Smart Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 53
Figure 18: Global GPS Enabled Ranging System Market Revenue and Forecasts to 2025 (US$ Mn) 55
Figure 19: Global Drones Market Revenue and Forecasts to 2025 (US$ Mn) 57
Figure 20: Software Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 21: Services Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 22: Global Smart Agriculture Market Breakdown By Services, 2016 & 2025 (%)
Figure 23: Global Climate Information Market Revenue and Forecasts to 2025 (US$ Mn) 63
Figure 24: Global Supply Chain Management Market Revenue and Forecasts to 2025 (US$ Mn) 65
Figure 25: Global Others Market Revenue and Forecasts to 2025 (US$ Mn) 66
Figure 26: Global Smart Agriculture Market Breakdown By Application, 2016 & 2025 (%) 67
Figure 27: Global Precision Farming Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 28: Global Livestock Monitoring Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 29: Global Yield Monitoring Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 30: Global Soil Health Monitoring Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 31: Global Irrigation System Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 32: Global Variable Rate Technology Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 33: Global Asset Management Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 34: Global Smart Greenhouse Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 35: Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 36: Smart Agriculture Market, Global Breakdown by Regions, 2016 & 2025 (%)
Figure 37: North America Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 38: North America Smart Agriculture Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 39: US Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn) 87
Figure 40: Canada Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 41: Mexico Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 42: North America Smart Agriculture Market Breakdown by Product Type, 2016 & 2025 (%)
Figure 43: North America Smart Agriculture Market Breakdown by Hardware Product Type, 2016 & 2025 (%) 91
Figure 44: North America Smart Agriculture Market Breakdown by Service Product Type, 2016 & 2025 (%) 93
Figure 45: North America Smart Agriculture Market Breakdown by Application, 2016 & 2025 (%) 95
Figure 46: Europe Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn) 98
Figure 47: Europe Smart Agriculture Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 48: France Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 49: Germany Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 50: Italy Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 51: Spain Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 52: UK Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 53: Europe Smart Agriculture Market Breakdown by Product Type, 2016 & 2025 (%)
Figure 54: Europe Smart Agriculture Market Breakdown by Hardware Product Type, 2016 & 2025 (%) 106
Figure 55: Europe Smart Agriculture Market Breakdown by Service Product Type, 2016 & 2025 (%) 108
Figure 56: Europe Smart Agriculture Market Breakdown by Application, 2016 & 2025 (%)
Figure 57: Asia Pacific Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 58: Asia Pacific Smart Agriculture Market Breakdown by Key Countries, 2016 & 2025 (%) 114
Figure 59: Australia Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 60: China Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 61: India Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 62: Japan Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 63: Asia Pacific Smart Agriculture Market Breakdown by Product Type, 2016 & 2025 (%)
Figure 64: Asia Pacific Smart Agriculture Market Breakdown by Hardware Product Type, 2016 & 2025 (%) 120
Figure 65: Asia Pacific Smart Agriculture Market Breakdown by Service Product Type, 2016 & 2025 (%) 122
Figure 66: Asia Pacific Smart Agriculture Market Breakdown By Application, 2016 & 2025 (%)
Figure 67: Middle East & Africa Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 68: Middle East & Africa Smart Agriculture Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 69: Saudi Arabia Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 70: UAE Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 71: South Africa Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 72: Middle East & Africa Smart Agriculture Market Breakdown by Product Type, 2016 & 2025 (%)
Figure 73: Middle East & Africa Smart Agriculture Market Breakdown by Hardware Product Type, 2016 & 2025 (%) 133
Figure 74: Middle East & Africa Smart Agriculture Market Breakdown by Service Product Type, 2016 & 2025 (%) 134
Figure 75: Middle East & Africa Smart Agriculture Market Breakdown by Application, 2016 & 2025 (%)
Figure 76: South America Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 77: South America Smart Agriculture Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 78: Brazil Smart Agriculture Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 79: South America Smart Agriculture Market Breakdown by Product Type, 2016 & 2025 (%)
Figure 80: South America Smart Agriculture Market Breakdown by Hardware Product Type, 2016 & 2025 (%)
Figure 81: South America Smart Agriculture Market Breakdown by Service Product Type, 2016 & 2025 (%)
Figure 82: South America Smart Agriculture Market Breakdown by Application, 2016 & 2025 (%)
The List of Companies - Smart Agriculture Market
1. AGCO Corporation
2. Ag Junction Inc.
3. AG Leader Technology
4. Deere & Company
5. Raven Industries, Inc.
6. Semiosbio Technologies Inc.
7. SST Development Group, Inc.
8. Teejet Technologies
9. Topcon Precision Agriculture
10. Trimble Navigation Limited among others.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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