Smart Farming Machine Market Scope and Size by 2031
The technological advancements is helping the agricultural industry to boost productivity in agricultural fields. Factors such as adoption of automated guidance and steering systems in agriculture robots and tractors, land-based recirculating aquaculture systems will help in contributing towards the adoption of smart machines for farming activities.
MARKET DYNAMICS
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Factor such as focus on livestock monitoring, deployment of AI and IoT in aquaculture farms, and need to improvise food supply system to cater rising demand of food are driving the adoption of modern machines in fields and thereby influencing the smart farming machine market growth. In addition, government support to promote advanced technologies and growth in the use of drones in agriculture farms is expected to benefit the players operating in the smart farming machine market.
MARKET SCOPE
The "Global Smart Farming Machine Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the smart farming machine market with detailed market segmentation- type, application, and geography. The global smart farming machine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart farming machine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global smart farming machine market is segmented on the basis of type and application. Based on type, the smart farming machine market is segmented into manned, unmanned. On the basis of application, the smart farming machine market is segmented into soil and crop management, storage and irrigation management, indoor farming, other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart farming machine market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart farming machine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart farming machine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the smart farming machine in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart farming machine market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart farming machine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart farming machine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the smart farming machine in these regions.
MARKET PLAYERS
The reports cover key developments in the smart farming machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from smart farming machine market are anticipated to lucrative growth opportunities in the future with the rising demand for smart farming machine in the global market. Below mentioned is the list of few companies engaged in the smart farming machine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart farming machine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AGCO Corporation
- cultYvate
- Claas Group
- DICKEY-john
- Farmers Edge
- John Deere
- Iteris, Inc.
- PrecisionHawk
- Raven Industries
- Trimble Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Smart Farming Machine Market - By Type
1.3.2Smart Farming Machine Market - By Applocation
1.3.3Smart Farming Machine Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SMART FARMING MACHINE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.SMART FARMING MACHINE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.SMART FARMING MACHINE MARKET - GLOBAL MARKET ANALYSIS
6.1.SMART FARMING MACHINE - GLOBAL MARKET OVERVIEW
6.2.SMART FARMING MACHINE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SMART FARMING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.MANNED
7.3.1.Overview
7.3.2.Manned Market Forecast and Analysis
7.4.UNMANNED
7.4.1.Overview
7.4.2.Unmanned Market Forecast and Analysis
8.SMART FARMING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLOCATION
8.1.OVERVIEW
8.2.APPLOCATION MARKET FORECASTS AND ANALYSIS
8.3.SOIL AND CROP MANAGEMENT
8.3.1.Overview
8.3.2.Soil and Crop Management Market Forecast and Analysis
8.4.STORAGE AND IRRIGATION MANAGEMENT
8.4.1.Overview
8.4.2.Storage and Irrigation Management Market Forecast and Analysis
8.5.INDOOR FARMING
8.5.1.Overview
8.5.2.Indoor Farming Market Forecast and Analysis
8.6.OTHER
8.6.1.Overview
8.6.2.Other Market Forecast and Analysis
9.SMART FARMING MACHINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Smart Farming Machine Market Overview
9.1.2North America Smart Farming Machine Market Forecasts and Analysis
9.1.3North America Smart Farming Machine Market Forecasts and Analysis - By Type
9.1.4North America Smart Farming Machine Market Forecasts and Analysis - By Applocation
9.1.5North America Smart Farming Machine Market Forecasts and Analysis - By Countries
9.1.5.1United States Smart Farming Machine Market
9.1.5.1.1United States Smart Farming Machine Market by Type
9.1.5.1.2United States Smart Farming Machine Market by Applocation
9.1.5.2Canada Smart Farming Machine Market
9.1.5.2.1Canada Smart Farming Machine Market by Type
9.1.5.2.2Canada Smart Farming Machine Market by Applocation
9.2.EUROPE
9.2.1Europe Smart Farming Machine Market Overview
9.2.2Europe Smart Farming Machine Market Forecasts and Analysis
9.2.3Europe Smart Farming Machine Market Forecasts and Analysis - By Type
9.2.4Europe Smart Farming Machine Market Forecasts and Analysis - By Applocation
9.2.5Europe Smart Farming Machine Market Forecasts and Analysis - By Countries
9.2.5.1Germany Smart Farming Machine Market
9.2.5.1.1Germany Smart Farming Machine Market by Type
9.2.5.1.2Germany Smart Farming Machine Market by Applocation
9.2.5.2France Smart Farming Machine Market
9.2.5.2.1France Smart Farming Machine Market by Type
9.2.5.2.2France Smart Farming Machine Market by Applocation
9.2.5.3Italy Smart Farming Machine Market
9.2.5.3.1Italy Smart Farming Machine Market by Type
9.2.5.3.2Italy Smart Farming Machine Market by Applocation
9.2.5.4United Kingdom Smart Farming Machine Market
9.2.5.4.1United Kingdom Smart Farming Machine Market by Type
9.2.5.4.2United Kingdom Smart Farming Machine Market by Applocation
9.2.5.5Russia Smart Farming Machine Market
9.2.5.5.1Russia Smart Farming Machine Market by Type
9.2.5.5.2Russia Smart Farming Machine Market by Applocation
9.2.5.6Rest of Europe Smart Farming Machine Market
9.2.5.6.1Rest of Europe Smart Farming Machine Market by Type
9.2.5.6.2Rest of Europe Smart Farming Machine Market by Applocation
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Smart Farming Machine Market Overview
9.3.2Asia-Pacific Smart Farming Machine Market Forecasts and Analysis
9.3.3Asia-Pacific Smart Farming Machine Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Smart Farming Machine Market Forecasts and Analysis - By Applocation
9.3.5Asia-Pacific Smart Farming Machine Market Forecasts and Analysis - By Countries
9.3.5.1Australia Smart Farming Machine Market
9.3.5.1.1Australia Smart Farming Machine Market by Type
9.3.5.1.2Australia Smart Farming Machine Market by Applocation
9.3.5.2China Smart Farming Machine Market
9.3.5.2.1China Smart Farming Machine Market by Type
9.3.5.2.2China Smart Farming Machine Market by Applocation
9.3.5.3India Smart Farming Machine Market
9.3.5.3.1India Smart Farming Machine Market by Type
9.3.5.3.2India Smart Farming Machine Market by Applocation
9.3.5.4Japan Smart Farming Machine Market
9.3.5.4.1Japan Smart Farming Machine Market by Type
9.3.5.4.2Japan Smart Farming Machine Market by Applocation
9.3.5.5South Korea Smart Farming Machine Market
9.3.5.5.1South Korea Smart Farming Machine Market by Type
9.3.5.5.2South Korea Smart Farming Machine Market by Applocation
9.3.5.6Rest of Asia-Pacific Smart Farming Machine Market
9.3.5.6.1Rest of Asia-Pacific Smart Farming Machine Market by Type
9.3.5.6.2Rest of Asia-Pacific Smart Farming Machine Market by Applocation
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Smart Farming Machine Market Overview
9.4.2Middle East and Africa Smart Farming Machine Market Forecasts and Analysis
9.4.3Middle East and Africa Smart Farming Machine Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Smart Farming Machine Market Forecasts and Analysis - By Applocation
9.4.5Middle East and Africa Smart Farming Machine Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Smart Farming Machine Market
9.4.5.1.1South Africa Smart Farming Machine Market by Type
9.4.5.1.2South Africa Smart Farming Machine Market by Applocation
9.4.5.2Saudi Arabia Smart Farming Machine Market
9.4.5.2.1Saudi Arabia Smart Farming Machine Market by Type
9.4.5.2.2Saudi Arabia Smart Farming Machine Market by Applocation
9.4.5.3U.A.E Smart Farming Machine Market
9.4.5.3.1U.A.E Smart Farming Machine Market by Type
9.4.5.3.2U.A.E Smart Farming Machine Market by Applocation
9.4.5.4Rest of Middle East and Africa Smart Farming Machine Market
9.4.5.4.1Rest of Middle East and Africa Smart Farming Machine Market by Type
9.4.5.4.2Rest of Middle East and Africa Smart Farming Machine Market by Applocation
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Smart Farming Machine Market Overview
9.5.2South and Central America Smart Farming Machine Market Forecasts and Analysis
9.5.3South and Central America Smart Farming Machine Market Forecasts and Analysis - By Type
9.5.4South and Central America Smart Farming Machine Market Forecasts and Analysis - By Applocation
9.5.5South and Central America Smart Farming Machine Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Smart Farming Machine Market
9.5.5.1.1Brazil Smart Farming Machine Market by Type
9.5.5.1.2Brazil Smart Farming Machine Market by Applocation
9.5.5.2Argentina Smart Farming Machine Market
9.5.5.2.1Argentina Smart Farming Machine Market by Type
9.5.5.2.2Argentina Smart Farming Machine Market by Applocation
9.5.5.3Rest of South and Central America Smart Farming Machine Market
9.5.5.3.1Rest of South and Central America Smart Farming Machine Market by Type
9.5.5.3.2Rest of South and Central America Smart Farming Machine Market by Applocation
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.SMART FARMING MACHINE MARKET, KEY COMPANY PROFILES
11.1.AGCO CORPORATION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.CULTYVATE
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CLAAS GROUP
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.DICKEY-JOHN
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.FARMERS EDGE
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.JOHN DEERE
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.ITERIS, INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.PRECISIONHAWK
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.RAVEN INDUSTRIES
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TRIMBLE INC.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. AGCO Corporation
2. cultYvate
3. Claas Group
4. DICKEY-john
5. Farmers Edge
6. John Deere
7. Iteris, Inc.
8. PrecisionHawk
9. Raven Industries
10. Trimble Inc.
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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