Smart Farming - Global Market Outlook (2017-2026)

Smart Farming - Global Market Outlook (2017-2026)

  • Published: March 2018
  • ID: SMRC17109

According to Stratistics MRC, the Global Smart Farming Market is accounted for $5.77 billion in 2017 and is expected to reach $18.81 billion by 2026 growing at a CAGR of 14.0% during the forecast period. The increasing demand for food production, and rising population and shortage of agricultural lands are key driving factors for the smart farming market. Furthermore, growing implementation of advanced technologies in farming for maximum profitability and production, availability of low-cost cloud services, increasing need for remote monitoring services, increasing focus on farm efficiency and productivity, reduction in cost of sensors, rising governments’ support towards smart farming, government’s support to adopt modern agricultural techniques and rising adoption of big data & IoT in smart farming are some of the factors boosting the market growth. However, high initial capital investment, Lack of Standardization and increasing level of e-waste are expected to hamper the market growth.

Smart Farming represents the application of modern Information and Communication Technologies (ICT) and IoT  solutions into farming to increase the efficiency of agricultural operations. Smart farming entails the obtaining of real time data of soil, air, and crops. Smart farming aims at increasing the quality and quantity of agricultural production while protecting the environment.

Hardware offerings segment dominated the global market with largest share owing to its extensive usage in smart farming to reduce input and augment output productivity of crop yields. The hardware offerings include automation and control systems, and sensing and monitoring systems. Automation and control systems such as Global Positioning System (GPS) receivers, guidance and steering devices, and Variable Rate Technology (VRT) devices form a major part of the smart farming market. However, software offerings segment is expected to grow with a high CAGR during the forecast period 2017 to 2026. Fish farming applications are projected to grow at the highest CAGR during the forecast period due to implementation of smart technologies.

North America accounted for the largest share in global smart farming market. The dominance of this region is due to government initiatives and regulations, presence of established market players and implementation of modern technologies. Asia Pacific is expected to witness high growth during the forecast period due to rising awareness among farmers and growing government support in developing countries such as China and India.

Some of the key players profiled in the report include Deere & Company, Raven Industries, GEA Group AG, The Climate Corporation, AG Leader Technology, Topcon Positioning Systems, Inc, Boumatic LLC., Agjunction, Inc., Trimble, Inc, Agco Corporation, Delaval Corporation, Aururas S.R.L, Grownetics Inc., Farmeron, Semiosbio Technologies Inc., Sst Development Group, Inc and Precision Planting, Inc.

Agriculture types Covered:
• Precision Farming
• Fish Farming
• Smart Greenhouse
• Livestock Monitoring
• Other Agriculture types

Application types Covered:
• Precision Farming Applications
•  Fish Farming Applications
• Smart Greenhouse Applications
• Livestock Monitoring Applications
• Other Application types

Product types Covered:
• Automation and control systems
• Smart agriculture equipment and machinery

Offerings Covered:
• Hardware
• Software
• Services

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- 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

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 Product analysis    
 3.7 Application analysis    
 3.8 Emerging Markets    
 3.9 Futuristic Market Scenario   
       
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 Smart Farming Market, By Agriculture type  
 5.1 Introduction     
 5.2 Precision Farming     
 5.3 Fish Farming     
 5.4 Smart Greenhouse     
 5.5 Livestock Monitoring    
 5.6 Other Agriculture types   
  5.6.1 Horticulture   
  5.6.2 Forestry    
  5.6.3 Orchid    
       
6 Global Smart Farming Market, By Application type  
 6.1 Introduction     
 6.2 Precision Farming Applications    
  6.2.1 Yield Monitoring   
  6.2.2 Field Mapping   
  6.2.3 Inventory Management  
  6.2.4 Financial Management  
  6.2.5 Irrigation Management  
  6.2.6 Farm Labor Management  
  6.2.7 Crop Scouting   
  6.2.8 Weather Tracking & Forecasting  
  6.2.9 Others Precision Farming Applications 
 6.3  Fish Farming Applications   
  6.3.1 Fish Tracking & Fleet Navigation  
  6.3.2 Water Quality Management  
  6.3.3 Feeding Management  
  6.3.4 Other Fish Farming Applications  
   6.3.4.1 River Mapping  
   6.3.4.2 Site Survey  
   6.3.4.3 Breeding Management 
 6.4 Smart Greenhouse Applications    
  6.4.1 HVAC Management   
  6.4.2 Water & Fertilizer Management  
  6.4.3 Yield Monitoring   
 6.5 Livestock Monitoring Applications   
  6.5.1 Feeding Management  
  6.5.2 Milk Harvesting   
  6.5.3 Animal Comfort Management  
  6.5.4 Behavior Monitoring & Management 
  6.5.5 Breeding Management  
  6.5.6 Heat Stress Management  
  6.5.7 Other Livestock Montoring Applications  
 6.6 Other Application types    
  6.6.1 Horticulture   
  6.6.2 Forestry    
  6.6.3 Orchid    
       
7 Global Smart Farming Market, By Product type  
 7.1 Introduction     
 7.2 Automation and control systems   
 7.3 Smart agriculture equipment and machinery  
       
8 Global Smart Farming Market, By Offering   
 8.1 Introduction     
 8.2 Hardware     
  8.2.1 Hardware for Precision Farming  
   8.2.1.1 Automation and Control Systems
    8.2.1.1.1 Displays  
    8.2.1.1.2 Guidance and Steering
    8.2.1.1.3 GPS/GNSS Systems 
    8.2.1.1.4 Flow and Application Control Devices
    8.2.1.1.5 Drones/Uavs 
    8.2.1.1.6 Handheld Mobile Devices/Handheld Computers
    8.2.1.1.7 Other Automation and Control System
   8.2.1.2 Sensing and Monitoring Devices 
    8.2.1.2.1 Yield Monitors 
    8.2.1.2.2 Soil Sensors 
    8.2.1.2.3 Climate Sensors 
    8.2.1.2.4 Water Sensors 
    8.2.1.2.5 Other Sensing and Montoring Devices
  8.2.2 Hardware for Fish Farming  
   8.2.2.1 GPS/GNSS  
   8.2.2.2 Sensors   
   8.2.2.3 Other Fish Farming Hardware 
  8.2.3 Hardware for Smart Greenhouse 
   8.2.3.1 Led Grow Lights  
   8.2.3.2 Sensors   
   8.2.3.3 Hvac Systems  
   8.2.3.4 Other Smart Greenhouse Hardware
  8.2.4 Hardware for Livestock Monitoring 
   8.2.4.1 Transmitters and Mounting Equipment
   8.2.4.2 Rfid Tags and Readers 
   8.2.4.3 GPS   
   8.2.4.4 Sensors   
   8.2.4.5 Other Livestock montoring 
  8.2.5 Other Hardware Offerings  
 8.3 Software      
  8.3.1 Local/Web Based   
  8.3.2 Cloud Based   
   8.3.2.1 Platform as A Service (PaaS) 
   8.3.2.2 Software as A Service (SaaS) 
 8.4 Services     
  8.4.1 Managed Services   
   8.4.1.1 Data Services  
   8.4.1.2 Farm Operation Services 
   8.4.1.3 Analytics   
  8.4.2 System Integration and Consulting 
  8.4.3 Assisted Professional Services  
   8.4.3.1 Climate Information Services 
   8.4.3.2 Supply Chain Management Services
   8.4.3.3 Other Assisted Professional services
  8.4.4 Connectivity Services  
  8.4.5 Maintenance and Support  
       
9 Global smart farming Market, By Geography  
 9.1 Introduction    
 9.2 North America    
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe   
 9.4 Asia Pacific    
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand   
  9.4.6 South Korea   
  9.4.7 Rest of Asia Pacific   
 9.5 South America    
  9.5.1 Argentina    
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America  
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia   
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa   
  9.6.5 Rest of Middle East & Africa  
       
10 Key Developments     
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers   
 10.3 New Test Type Launch   
 10.4 Expansions    
 10.5 Other Key Strategies    
       
11 Company Profiling     
 11.1 Deere & Company    
 11.2  Raven Industries     
 11.3 GEA Group AG     
 11.4 The Climate Corporation    
 11.5 AG Leader Technology    
 11.6 Topcon Positioning Systems, Inc   
 11.7 Boumatic LLC.     
 11.8 Agjunction, Inc.    
 11.9 Trimble, Inc    
 11.10 Agco Corporation     
 11.11 Delaval Corporation     
 11.12 Aururas S.R.L    
 11.13 Grownetics Inc.    
 11.14 Farmeron     
 11.15 Semiosbio Technologies Inc.   
 11.16 Sst Development Group, Inc   
 11.17 Precision Planting, Inc.    


List of Tables      
1 Global Smart Farming Market Outlook,By Region (2016-2026) ($MN)
2 Global Smart Farming Market Outlook,By Agriculture type (2016-2026) ($MN)
3 Global Smart Farming Market Outlook,By Precision Farming (2016-2026) ($MN)
4 Global Smart Farming Market Outlook,By Fish Farming (2016-2026) ($MN)
5 Global Smart Farming Market Outlook,By Smart Greenhouse (2016-2026) ($MN)
6 Global Smart Farming Market Outlook,By Livestock Monitoring (2016-2026) ($MN)
7 Global Smart Farming Market Outlook, By Other Agriculture types (2016-2026) ($MN)
8 Global Smart Farming Market Outlook, By Horticulture (2016-2026) ($MN)
9 Global Smart Farming Market Outlook, By Forestry (2016-2026) ($MN)
10 Global Smart Farming Market Outlook, By Orchid (2016-2026) ($MN)
11 Global Smart Farming Market Outlook, By Application type (2016-2026) ($MN)
12 Global Smart Farming Market Outlook, By Precision Farming Applications  (2016-2026) ($MN)
13 Global Smart Farming Market Outlook, By Yield Monitoring (2016-2026) ($MN)
14 Global Smart Farming Market Outlook, By Field Mapping (2016-2026) ($MN)
15 Global Smart Farming Market Outlook, By Inventory Management (2016-2026) ($MN)
16 Global Smart Farming Market Outlook, By Financial Management (2016-2026) ($MN)
17 Global Smart Farming Market Outlook, By Irrigation Management (2016-2026) ($MN)
18 Global Smart Farming Market Outlook, By Farm Labor Management (2016-2026) ($MN)
19 Global Smart Farming Market Outlook, By Crop Scouting (2016-2026) ($MN)
20 Global Smart Farming Market Outlook, By Weather Tracking & Forecasting (2016-2026) ($MN)
21 Global Smart Farming Market Outlook, By Other Precision Farming Applications (2016-2026) ($MN)
22 Global Smart Farming Market Outlook, By  Fish Farming Applications (2016-2026) ($MN)
23 Global Smart Farming Market Outlook, By Fish Tracking & Fleet Navigation (2016-2026) ($MN)
24 Global Smart Farming Market Outlook, By Water Quality Management (2016-2026) ($MN)
25 Global Smart Farming Market Outlook, By Other Fish Farming Applications (2016-2026) ($MN)
26 Global Smart Farming Market Outlook, By Feeding Management (2016-2026) ($MN)
27 Global Smart Farming Market Outlook, By Smart Greenhouse Applications  (2016-2026) ($MN)
28 Global Smart Farming Market Outlook, By Hvac Management (2016-2026) ($MN)
29 Global Smart Farming Market Outlook, By Water & Fertilizer Management (2016-2026) ($MN)
30 Global Smart Farming Market Outlook, By Yield Monitoring (2016-2026) ($MN)
31 Global Smart Farming Market Outlook, By Livestock Monitoring Applications  (2016-2026) ($MN)
32 Global Smart Farming Market Outlook, By Feeding Management (2016-2026) ($MN)
33 Global Smart Farming Market Outlook, By Milk Harvesting (2016-2026) ($MN)
34 Global Smart Farming Market Outlook, By Animal Comfort Management (2016-2026) ($MN)
35 Global Smart Farming Market Outlook, By Behavior Monitoring & Management (2016-2026) ($MN)
36 Global Smart Farming Market Outlook, By Breeding Management (2016-2026) ($MN)
37 Global Smart Farming Market Outlook, By Heat Stress Management (2016-2026) ($MN)
38 Global Smart Farming Market Outlook, By Others (2016-2026) ($MN)
39 Global Smart Farming Market Outlook, By Horticulture (2016-2026) ($MN)
40 Global Smart Farming Market Outlook, By Forestry (2016-2026) ($MN)
41 Global Smart Farming Market Outlook, By Orchid (2016-2026) ($MN)
42 Global Smart Farming Market Outlook, By Product type (2016-2026) ($MN)
43 Global Smart Farming Market Outlook, By Automation and control systems  (2016-2026) ($MN)
44 Global Smart Farming Market Outlook, By Smart agriculture equipment and machinery  (2016-2026) ($MN)
45 Global Smart Farming Market Outlook, By Offering (2016-2026) ($MN)
46 Global Smart Farming Market Outlook, By Hardware (2016-2026) ($MN)
47 Global Smart Farming Market Outlook, By Hardware for Precision Farming (2016-2026) ($MN)
48 Global Smart Farming Market Outlook, By Hardware for Fish Farming (2016-2026) ($MN)
49 Global Smart Farming Market Outlook, By Hardware for Smart Greenhouse (2016-2026) ($MN)
50 Global Smart Farming Market Outlook, By Hardware for Live stock Montoring (2016-2026) ($MN)
51 Global Smart Farming Market Outlook, By Hardware for Hareware Offerings (2016-2026) ($MN)
52 Global Smart Farming Market Outlook, By Software  (2016-2026) ($MN)
53 Global Smart Farming Market Outlook, By Local/Web Based (2016-2026) ($MN)
54 Global Smart Farming Market Outlook, By Cloud Based (2016-2026) ($MN)
55 Global Smart Farming Market Outlook, By Services (2016-2026) ($MN)
56 Global Smart Farming Market Outlook, By Managed Services (2016-2026) ($MN)
57 Global Smart Farming Market Outlook, By System Integration and Consulting (2016-2026) ($MN)
58 Global Smart Farming Market Outlook, By Assisted Professional Services (2016-2026) ($MN)
59 Global Smart Farming Market Outlook, By Connectivity Services (2016-2026) ($MN)
60 Global Smart Farming Market Outlook, By Maintenance and Support (2016-2026) ($MN)
       

Note: Regional tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are presented in similar manner as the above

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