Agriculture Telematics Market
Agriculture Telematics Market Forecasts to 2030 - Global Analysis By Type (Black Box, Bluetooth Powered, Smart-phone based, OEM and OBD-II Port), Application (Receiving and Storing, Communication and IT), End User and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
13% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Agriculture Telematics Market is growing at a CAGR of 13% during the forecast period. Agriculture Telematics is the application of telematics technology in the field of agriculture, aiming to enhance farm management, optimize resource utilization, and improve overall efficiency. Telematics involves the use of devices such as GPS trackers, sensors, and communication tools integrated into agricultural machinery and equipment. These devices collect real-time data on various aspects of farming, including soil conditions, crop health, and equipment performance. It plays a crucial role in precision agriculture, promoting sustainable farming practices, and contributing to the modernization of the agricultural industry through technology integration.
According to Finistere Ventures’ 2020 Agrifood Tech Investment Review report, crop protection and input management activities accelerated the agriculture biotech investments.
Market Dynamics:
Driver:
Rising adoption of precision agriculture practices
Precision agriculture involves leveraging advanced technologies, including GPS, sensors, and data analytics, to optimise various aspects of farming operations. Telematics plays a crucial role in this paradigm by providing real-time data on crop conditions, soil health, and equipment performance. Moreover, by integrating telematics solutions, farmers can precisely manage resources such as water, fertilisers, and pesticides, leading to enhanced efficiency and productivity. As modern agriculture seeks sustainable and data-driven approaches, the demand for telematics solutions continues to rise.
Restraint:
High initial costs
Farmers face substantial upfront expenses for acquiring and implementing telematics systems, including hardware, software, and integration. This financial barrier is particularly challenging for small and medium-sized farmers, limiting their ability to invest in advanced technologies. Despite the long-term benefits of increased efficiency and productivity, the initial capital outlay may discourage widespread adoption. Thus, it will impede market demand.
Opportunity:
Advancements in IoT and connectivity technologies
The integration of IoT technologies allows for more robust and interconnected telematics solutions in agriculture. Enhanced connectivity facilitates seamless communication between devices, enabling real-time data collection, analysis, and remote monitoring on the farm. This advancement empowers farmers with more precise insights into crop conditions, equipment performance, and resource utilization. Furthermore, IoT-powered telematics systems contribute to the concept of smart farming, where data-driven insights guide day-to-day operations improve overall farm management. Thereby, it will propel market expansion.
Threat:
Limited connectivity in remote areas
In regions where agricultural activities are prevalent but high-speed internet or cellular networks are scarce, the real-time functionality of telematics solutions is compromised. This limitation hampers the seamless transmission of data from field equipment to centralised systems, impacting the effectiveness of remote monitoring and data-driven decision-making. As a result, there is decreasing demand for market growth.
Covid-19 Impact
The COVID-19 pandemic has accelerated the adoption of agriculture telematics as the industry seeks technology-driven solutions for operational challenges. With disruptions in supply chains and labour shortages, farmers turned to telematics for remote monitoring and management of agricultural machinery. The need for contactless and efficient farming practices fuelled the demand for precision agriculture technologies. Governments worldwide also supported digitalization in agriculture, further boosting the agriculture telematics market.
The black box segment is expected to be the largest during the forecast period
The black box segment is estimated to hold the largest share. Black Boxes are equipped with various sensors to monitor and collect real-time data on crucial parameters such as soil conditions, weather patterns, crop health, equipment performance, and operational efficiency. Farmers leverage this data to make informed decisions, optimise resource utilisation, and enhance overall productivity. Moreover, many black box solutions incorporate GPS technology for precise tracking of equipment locations. This feature aids in field mapping, route optimisation, and overall farm management. The adoption of Black Box solutions signifies a key component in the evolution of precision agriculture, driving efficiency and sustainability in modern farming practices.
The farmers segment is expected to have the highest CAGR during the forecast period
The farmers segment is anticipated to have lucrative growth during the forecast period. Farmers benefit from real-time insights into crop conditions, soil health, and equipment performance, enabling data-driven decision-making. Telematics tools facilitate remote monitoring, optimising resource use, and enhancing overall farm management. Moreover, it empowers agricultural producers with the tools needed to improve efficiency, reduce costs, and adopt sustainable practices, contributing to the modernization of agriculture through the integration of advanced technologies.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to increasing adoption of advanced technologies in agriculture. Telematics solutions, including GPS tracking, sensors, and communication tools, enhance farm management by providing real-time data on equipment performance, crop conditions, and weather patterns. Farmers in the region are embracing precision agriculture practices, optimising resource utilisation, and improving overall productivity. Moreover, government support, coupled with the rising demand for sustainable farming, further propels the agriculture telematics market in the Asia-Pacific region.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The region's agricultural sector is leveraging data analytics and connectivity to enhance crop management, optimise resource allocation, and improve overall efficiency. Increasing awareness of sustainable farming practices, coupled with government initiatives promoting smart agriculture, contributes to the market's expansion. Furthermore, the North American market reflects a dynamic landscape, fostering innovation and technological advancements in the agricultural industry.
Key players in the market
Some of the key players in the Agriculture Telematics Market include Trimble, John Deere, Topcon Positioning Systems, AKVA, Afimilk, DeLaval, Antelliq, LumiGrow, InnovaSea Systems, Heliospectra, AGCO Corporation, CLAAS Group, Raven Industries, AgJunction and Iteris, Inc.
Key Developments:
In October 2022, Trimble introduced its next-generation displays for precision agriculture applications—the Trimble® GFX-1060™ and GFX-1260™ displays. Trimble’s portfolio of innovative displays enables farmers to complete in-field operations quickly and efficiently while also mapping and monitoring field information in real time with precision.
In April 2021, Trimble Partners with HORSCH for Agriculture Automation. The partnership will be centered on developing solutions, including autonomous machines and workflows, which speak to many exciting developments to come.
Types Covered:
• Black Box
• Bluetooth Powered
• Smart-phone based
• OEM
• OBD-II Port
Applications Covered:
• Receiving and Storing
• Communication
• Information Technology
End Users Covered:
• Farm Equipment Dealers
• Farmers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Agriculture Telematics Market, By Type
5.1 Introduction
5.2 Black Box
5.3 Bluetooth Powered
5.4 Smart-phone based
5.5 OEM
5.6 OBD-II Port
6 Global Agriculture Telematics Market, By Application
6.1 Introduction
6.2 Receiving and Storing
6.3 Communication
6.4 Information Technology
7 Global Agriculture Telematics Market, By End User
7.1 Introduction
7.2 Farm Equipment Dealers
7.3 Farmers
8 Global Agriculture Telematics Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Trimble
10.2 John Deere
10.3 Topcon Positioning Systems
10.4 AKVA
10.5 Afimilk
10.6 DeLaval
10.7 Antelliq
10.8 LumiGrow
10.9 InnovaSea Systems
10.10 Heliospectra
10.11 AGCO Corporation
10.12 CLAAS Group
10.13 Raven Industries
10.14 AgJunction
10.15 Iteris, Inc.
List of Tables
1 Global Agriculture Telematics Market Outlook, By Region (2021-2030) ($MN)
2 Global Agriculture Telematics Market Outlook, By Type (2021-2030) ($MN)
3 Global Agriculture Telematics Market Outlook, By Black Box (2021-2030) ($MN)
4 Global Agriculture Telematics Market Outlook, By Bluetooth Powered (2021-2030) ($MN)
5 Global Agriculture Telematics Market Outlook, By Smart-phone based (2021-2030) ($MN)
6 Global Agriculture Telematics Market Outlook, By OEM (2021-2030) ($MN)
7 Global Agriculture Telematics Market Outlook, By OBD-II Port (2021-2030) ($MN)
8 Global Agriculture Telematics Market Outlook, By Application (2021-2030) ($MN)
9 Global Agriculture Telematics Market Outlook, By Receiving and Storing (2021-2030) ($MN)
10 Global Agriculture Telematics Market Outlook, By Communication (2021-2030) ($MN)
11 Global Agriculture Telematics Market Outlook, By Information Technology (2021-2030) ($MN)
12 Global Agriculture Telematics Market Outlook, By End User (2021-2030) ($MN)
13 Global Agriculture Telematics Market Outlook, By Farm Equipment Dealers (2021-2030) ($MN)
14 Global Agriculture Telematics Market Outlook, By Farmers (2021-2030) ($MN)
15 North America Agriculture Telematics Market Outlook, By Country (2021-2030) ($MN)
16 North America Agriculture Telematics Market Outlook, By Type (2021-2030) ($MN)
17 North America Agriculture Telematics Market Outlook, By Black Box (2021-2030) ($MN)
18 North America Agriculture Telematics Market Outlook, By Bluetooth Powered (2021-2030) ($MN)
19 North America Agriculture Telematics Market Outlook, By Smart-Phone Based (2021-2030) ($MN)
20 North America Agriculture Telematics Market Outlook, By OEM (2021-2030) ($MN)
21 North America Agriculture Telematics Market Outlook, By OBD-II Port (2021-2030) ($MN)
22 North America Agriculture Telematics Market Outlook, By Application (2021-2030) ($MN)
23 North America Agriculture Telematics Market Outlook, By Receiving And Storing (2021-2030) ($MN)
24 North America Agriculture Telematics Market Outlook, By Communication (2021-2030) ($MN)
25 North America Agriculture Telematics Market Outlook, By Information Technology (2021-2030) ($MN)
26 North America Agriculture Telematics Market Outlook, By End User (2021-2030) ($MN)
27 North America Agriculture Telematics Market Outlook, By Farm Equipment Dealers (2021-2030) ($MN)
28 North America Agriculture Telematics Market Outlook, By Farmers (2021-2030) ($MN)
29 Europe Agriculture Telematics Market Outlook, By Country (2021-2030) ($MN)
30 Europe Agriculture Telematics Market Outlook, By Type (2021-2030) ($MN)
31 Europe Agriculture Telematics Market Outlook, By Black Box (2021-2030) ($MN)
32 Europe Agriculture Telematics Market Outlook, By Bluetooth Powered (2021-2030) ($MN)
33 Europe Agriculture Telematics Market Outlook, By Smart-Phone Based (2021-2030) ($MN)
34 Europe Agriculture Telematics Market Outlook, By OEM (2021-2030) ($MN)
35 Europe Agriculture Telematics Market Outlook, By OBD-II Port (2021-2030) ($MN)
36 Europe Agriculture Telematics Market Outlook, By Application (2021-2030) ($MN)
37 Europe Agriculture Telematics Market Outlook, By Receiving And Storing (2021-2030) ($MN)
38 Europe Agriculture Telematics Market Outlook, By Communication (2021-2030) ($Mn)
39 Europe Agriculture Telematics Market Outlook, By Information Technology (2021-2030) ($MN)
40 Europe Agriculture Telematics Market Outlook, By End User (2021-2030) ($MN)
41 Europe Agriculture Telematics Market Outlook, By Farm Equipment Dealers (2021-2030) ($MN)
42 Europe Agriculture Telematics Market Outlook, By Farmers (2021-2030) ($MN)
43 Asia Pacific Agriculture Telematics Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Agriculture Telematics Market Outlook, By Type (2021-2030) ($MN)
45 Asia Pacific Agriculture Telematics Market Outlook, By Black Box (2021-2030) ($MN)
46 Asia Pacific Agriculture Telematics Market Outlook, By Bluetooth Powered (2021-2030) ($MN)
47 Asia Pacific Agriculture Telematics Market Outlook, By Smart-Phone Based (2021-2030) ($MN)
48 Asia Pacific Agriculture Telematics Market Outlook, By OEM (2021-2030) ($MN)
49 Asia Pacific Agriculture Telematics Market Outlook, By OBD-II Port (2021-2030) ($MN)
50 Asia Pacific Agriculture Telematics Market Outlook, By Application (2021-2030) ($MN)
51 Asia Pacific Agriculture Telematics Market Outlook, By Receiving And Storing (2021-2030) ($MN)
52 Asia Pacific Agriculture Telematics Market Outlook, By Communication (2021-2030) ($MN)
53 Asia Pacific Agriculture Telematics Market Outlook, By Information Technology (2021-2030) ($MN)
54 Asia Pacific Agriculture Telematics Market Outlook, By End User (2021-2030) ($MN)
55 Asia Pacific Agriculture Telematics Market Outlook, By Farm Equipment Dealers (2021-2030) ($MN)
56 Asia Pacific Agriculture Telematics Market Outlook, By Farmers (2021-2030) ($MN)
57 South America Agriculture Telematics Market Outlook, By Country (2021-2030) ($MN)
58 South America Agriculture Telematics Market Outlook, By Type (2021-2030) ($MN)
59 South America Agriculture Telematics Market Outlook, By Black Box (2021-2030) ($MN)
60 South America Agriculture Telematics Market Outlook, By Bluetooth Powered (2021-2030) ($MN)
61 South America Agriculture Telematics Market Outlook, By Smart-Phone Based (2021-2030) ($MN)
62 South America Agriculture Telematics Market Outlook, By OEM (2021-2030) ($MN)
63 South America Agriculture Telematics Market Outlook, By OBD-II Port (2021-2030) ($MN)
64 South America Agriculture Telematics Market Outlook, By Application (2021-2030) ($MN)
65 South America Agriculture Telematics Market Outlook, By Receiving And Storing (2021-2030) ($MN)
66 South America Agriculture Telematics Market Outlook, By Communication (2021-2030) ($Mn)
67 South America Agriculture Telematics Market Outlook, By Information Technology (2021-2030) ($MN)
68 South America Agriculture Telematics Market Outlook, By End User (2021-2030) ($MN)
69 South America Agriculture Telematics Market Outlook, By Farm Equipment Dealers (2021-2030) ($MN)
70 South America Agriculture Telematics Market Outlook, By Farmers (2021-2030) ($MN)
71 Middle East & Africa Agriculture Telematics Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Agriculture Telematics Market Outlook, By Type (2021-2030) ($MN)
73 Middle East & Africa Agriculture Telematics Market Outlook, By Black Box (2021-2030) ($MN)
74 Middle East & Africa Agriculture Telematics Market Outlook, By Bluetooth Powered (2021-2030) ($MN)
75 Middle East & Africa Agriculture Telematics Market Outlook, By Smart-Phone Based (2021-2030) ($MN)
76 Middle East & Africa Agriculture Telematics Market Outlook, By OEM (2021-2030) ($MN)
77 Middle East & Africa Agriculture Telematics Market Outlook, By OBD-II Port (2021-2030) ($MN)
78 Middle East & Africa Agriculture Telematics Market Outlook, By Application (2021-2030) ($MN)
79 Middle East & Africa Agriculture Telematics Market Outlook, By Receiving And Storing (2021-2030) ($MN)
80 Middle East & Africa Agriculture Telematics Market Outlook, By Communication (2021-2030) ($MN)
81 Middle East & Africa Agriculture Telematics Market Outlook, By Information Technology (2021-2030) ($MN)
82 Middle East & Africa Agriculture Telematics Market Outlook, By End User (2021-2030) ($MN)
83 Middle East & Africa Agriculture Telematics Market Outlook, By Farm Equipment Dealers (2021-2030) ($MN)
84 Middle East & Africa Agriculture Telematics Market Outlook, By Farmers (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
