Market Summary

Climate-smart agriculture is the key to achieving sustainable development goals set up by the Paris agreement in the agri-food ecosystem. The climate-smart agriculture (CSA) aims to sustainably increase agricultural productivity and build resilience against climate change. The establishment of a green climate fund is fuelling the adoption of smart agriculture practices across the globe. The use of IoT, and artificial intelligence is changing the conventional method of crop and livestock monitoring. The smartly connected world is enabling the transfer of scientific knowledge at the field level in a fraction of seconds giving scope for agro-consultancy services. COVID-19 is expected to have a favourable impact on the smart agriculture market. Globally, labour shortages and supply chain disruptions faced during covid-19 will increase the demand for digital agriculture.

The Global Smart Agriculture market was valued at USD 15.88 billion in 2021 and it is predicted to reach USD 35.98 billion by 2030, rising at a compound annual growth rate (CAGR) of 10.8 % from 2022 to 2030.

Climate-smart agriculture is a way for better nutrition, better production, a better environment, and better life. Integrating the local indigenous practices with advanced technologies is the key to a sustainable future.

Years Considered for the study:

Smart Agriculture Market

SEGMENT OUTLOOK:

By Type:

In 2021, the precision agriculture category dominated the market. In terms of revenue, the segment is predicted to grow at the fastest CAGR over the forecast period. Precision agriculture is a farming method that employs information technology to ensure that crops and soil receive exactly what they require for maximum health and yield, reducing the wastage of inputs. Precision livestock farming involves tracking and monitoring the health of livestock, most typically cattle, using IoT-enabled sensors that can immediately resolve the livestock health issues on big farms.

By Offering:

In 2021, the hardware category dominated the market. In the coming years farming as a service is expected to grow at the highest rate. Automation and control systems, sensing & crop monitoring devices, and drones are all part of the hardware section. Farming-as-a-Service (FaaS) is a subscription-based model that provides scientific solutions for agricultural and allied sectors.

By Regional Outlook:

In 2020, Asia-pacific dominated the market. Rice is the most common crop grown in the Asia Pacific, and it is also the staple food crop for most Asians. Nearly 90% of the world's rice is grown in this area. With 4.64 billion people, Asia is the most populous continent on the planet, contributing to 60% of the world population. China and India, the world's two most populous countries, account for nearly 36% of the global population. In addition to that, small and fragmented land holding gives more scope for the use of smart agriculture services and software to get more crops from the limited land.

By Key Competitors and Market Share Analysis:

As a result, leading firms are focused on maintaining long-term operations and developing manufacturing and distribution capabilities to increase their market position.

The competition among the players is based on numerous parameters including quality, innovation, product offerings, price, and corporate reputation.

The following are some of the major market players operating across the globe:

• AFIMILK
• AGJUNCTION
• AGCO CORPORATION.
• AGEAGLE AERIAL SYSTEMS
• DEERE & COMPANY.
• DELAVAL .
• LUMIGROW.
• RAVEN INDUSTRIES.
• TOPCON
• TRIMBLE INC.

Scope of the report

Report Scope	Details
Base year	2021
Actual estimates/Historical data	2017 - 2020
Forecast period	2022 - 2030
Market representation	Revenue in USD 35.98 billion & 10.8% CAGR from 2022 to 2030
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	USA, Canada, Mexico, Brazil, Argentina, U.K., Germany, Italy, France, Spain, China, Japan, South Korea, India, Australia, Saudi Arabia, Qatar, UAE, South Africa, etc.
The Segment covered by	Type, Offering
Companies covered	AFIMILK, AGJUNCTION , AGCO CORPORATION., AGEAGLE AERIAL SYSTEMS , DEERE & COMPANY., DELAVAL ., LUMIGROW., RAVEN INDUSTRIES., TOPCON , TRIMBLE INC.
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Free customization scope (equivalent to 5 analyst working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization

Significant Highlights of the Smart Agriculture Market Research Report:

• The Report Provides the CAGR of the market during the forecast period 2022-2030.
• Detailed analysis and information on factors that will drive Smart Agriculture market growth during the next five years.
• Accurate predictions on the latest and upcoming trends, changes in consumer behavior.
• The growth of the Smart Agriculture market industry across North America can be segmented into the U.S., Canada. Europe is segmented into Germany, the UK, France and the Rest of Europe. The Asia Pacific comprises China, Japan, India, and the Rest of Asia Pacific. The rest of the world has been further segmented into Latin America and the Middle East and Africa.
• A detailed analysis of the markets competitive landscape and in-depth analysis and information on the market.
• Comprehensive details of factors that will challenge the growth of the Smart Agriculture market.
• The report analyses all the recent major developments and helps users of the report with current industry updates.
• We calculate market size such as Historical and forecast the size of the Smart Agriculture market in terms of Revenue (USD Million).
• Market opportunity analysis for specific demography.
• Privately held or very small players profiling in the global marketplace.
• DLF Data Analytics Model is a statistical tool that helps the company to forecast market estimates. A few of the parameters considered as a part of the statistical model include:
  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

The Key Audiences for Smart Agriculture Market Report:

• Consulting Firms & Research Institutes
• Industry Leaders & Companies aims to enter the Smart Agriculture market
• Universities and Student
• Service Providers, Product Providers, Solution Providers, and other players in the Smart Agriculture market
• Government Bodies and Associated Private Firms
• Individuals interested to learn about the Smart Agriculture market

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For the purpose of this report, Data Lab Forecast has segmented the global Smart Agriculture Market report on the basis of Type, Offering, , and region:

The report segment of the global Smart Agriculture market is as follows:

Global Smart Agriculture Market: By Type Outlook (Revenue, USD Million, 2021 - 2030)

• Precision Agriculture
• livestock Monitoring
• Precision Aquaculture
• Greenhouse

Global Smart Agriculture Market: By Offering Outlook (Revenue, USD Million, 2021 - 2030)

• Software
• Services
• Hardware

Global Smart Agriculture Market: By Region Outlook (Revenue, USD Million, 2021 - 2030)

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of The Middle East & Africa

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