USD 7.04 billion Growth in Smart Farming Market Size with 39% Contribution from North America – Technavio

AGCO Corp., Bayer AG, and Deere and Co. Emerge as major participants 

NEW YORK, Sept. 5, 2022 /PRNewswire/ — The latest market analysis report titled Smart Farming Market by Product, Application, and Geography – Forecast and Analysis 2022-2026 has been added to Technavio’s catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 13.65%. The analysts at Technavio categorized the global smart farming market as a part of the global agricultural products market. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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Smart Farming Market Segmentation Highlights

• Application
• Soil And Crop Management: The smart farming market share growth in the soil and crop management segment will be significant during the forecast period. The use of smart farming is highly important in farming, as the overall management of farms manually is comparatively difficult. The condition of the crop can be affected by different parameters, such as temperature, humidity, climate, and damage caused by insects. Hence, due to this, the smart farming market for soil and crop management will be in demand in the forecast years.
• Fleet Management
• Storage And Irrigation Management
• Indoor Farming
• Product
• Automation And Control Systems: Automation and control systems in agriculture are used for predictive management of the overall production of crops. The core of any automated control system is to regulate the processes that can occur during or after the sowing of crops. The introduction of wireless communication devices, feedback control systems, and real-time monitoring of crops helps farmers examine the crops effectively.
• Smart Agriculture Equipment And Machinery
• Geography
• North America: 39% of the market’s growth will originate from North America during the forecast period. The US is the key market for smart farming in North America. Market growth in this region will be faster than the growth of the market in South America. The rapid adoption of smart farming tools and techniques will facilitate the smart farming market growth in North America over the forecast period. 
• Europe
• APAC
• MEA
• South America

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Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of the pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

Top 5 Smart Farming Market Players

Ag Leader Technology

The company offers smart farming solutions for growers seeking a cost-effective GPS receiver and designed for general mapping and AutoSwath functions.

AGCO Corp.

The company offers smart farming solutions which help customers improve uptime, machine optimization, fleet optimization, and decision support.

Bayer AG

The company offers smart farming solutions which include digital applications like Climate FieldView which enable farmers to collect and analyze data from their fields to help make better, more informed decisions that can also improve harvests.

Deere and Co.

The company offers smart farming solutions which help in collecting valuable information quickly and easily, so one can analyze it to make better decisions, or share it with advisors.

Farmers Edge Inc.

The company offers smart farming solutions by combining on-farm hardware, easy-to-use software, digital agronomy, AI-driven analytics, and support to growers that help farm data, manage risks and maximize returns.

Download a Sample Report PDF for Vendor-specific Insights and Regional Contribution

Smart Farming Market Dynamics

Rising availability of low-cost cloud services to Drive Growth

In smart farming, sensors and other monitoring tools are of great importance as they collect information about the soil, crop health, and environmental conditions that might affect the crops. The vast amount of information generated by these monitoring devices is collected in the cloud so that farmers can get easy access to the information they need. Moreover, the adoption rate of cloud technology is increasing at a high rate.

Big data in smart farming likely to Emerge as the Key Trend

Improvement in wireless communication in the agricultural field is leading to growth in production level. The improvements in functional safety and repair and maintenance of equipment in the field are giving rise to a crop production level. In addition, with the use of GPS trackers and sensors, granular data points on soil conditions and detailed information on wind and pesticide requirements can be conveyed to farmers. 

Key Market Dynamics and their impact Analysis are now Available at Technavio. Download Sample PDF

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Table of Content

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 18: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 25: Chart on Application – Market share 2021-2026 (%)
• Exhibit 26: Data Table on Application – Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 27: Chart on Comparison by Application
• Exhibit 28: Data Table on Comparison by Application

• 5.3 Soil and crop management – Market size and forecast 2021-2026
• Exhibit 29: Chart on Soil and crop management – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Soil and crop management – Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Soil and crop management – Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Soil and crop management – Year-over-year growth 2021-2026 (%)

• 5.4 Fleet management – Market size and forecast 2021-2026
• Exhibit 33: Chart on Fleet management – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Fleet management – Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Fleet management – Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Fleet management – Year-over-year growth 2021-2026 (%)

• 5.5 Storage and irrigation management – Market size and forecast 2021-2026
• Exhibit 37: Chart on Storage and irrigation management – Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Storage and irrigation management – Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Storage and irrigation management – Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Storage and irrigation management – Year-over-year growth 2021-2026 (%)

• 5.6 Indoor farming – Market size and forecast 2021-2026
• Exhibit 41: Chart on Indoor farming – Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Indoor farming – Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Indoor farming – Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Indoor farming – Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Application
• Exhibit 45: Market opportunity by Application ($ million)

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 46: Chart on Product – Market share 2021-2026 (%)
• Exhibit 47: Data Table on Product – Market share 2021-2026 (%)

• 6.2 Comparison by Product
• Exhibit 48: Chart on Comparison by Product
• Exhibit 49: Data Table on Comparison by Product

• 6.3 Automation and control systems – Market size and forecast 2021-2026
• Exhibit 50: Chart on Automation and control systems – Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Automation and control systems – Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Automation and control systems – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Automation and control systems – Year-over-year growth 2021-2026 (%)

• 6.4 Smart agriculture equipment and machinery – Market size and forecast 2021-2026
• Exhibit 54: Chart on Smart agriculture equipment and machinery – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Smart agriculture equipment and machinery – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Smart agriculture equipment and machinery – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Smart agriculture equipment and machinery – Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Product
• Exhibit 58: Market opportunity by Product ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 60: Chart on Market share by geography 2021-2026 (%)
• Exhibit 61: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison
• Exhibit 62: Chart on Geographic comparison
• Exhibit 63: Data Table on Geographic comparison

• 8.3 North America – Market size and forecast 2021-2026
• Exhibit 64: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 8.4 Europe – Market size and forecast 2021-2026
• Exhibit 68: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 8.5 APAC – Market size and forecast 2021-2026
• Exhibit 72: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 8.6 Middle East and Africa – Market size and forecast 2021-2026
• Exhibit 76: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 8.7 South America – Market size and forecast 2021-2026
• Exhibit 80: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 8.8 US – Market size and forecast 2021-2026
• Exhibit 84: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on US – Year-over-year growth 2021-2026 (%)

• 8.9 China – Market size and forecast 2021-2026
• Exhibit 88: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on China – Year-over-year growth 2021-2026 (%)

• 8.10 France – Market size and forecast 2021-2026
• Exhibit 92: Chart on France – Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on France – Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on France – Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on France – Year-over-year growth 2021-2026 (%)

• 8.11 Germany – Market size and forecast 2021-2026
• Exhibit 96: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 8.12 Australia – Market size and forecast 2021-2026
• Exhibit 100: Chart on Australia – Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on Australia – Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on Australia – Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on Australia – Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography
• Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges
• Exhibit 105: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 110: Matrix on vendor position and classification

• 11.3 Ag Leader Technology
• Exhibit 111: Ag Leader Technology – Overview
• Exhibit 112: Ag Leader Technology – Product / Service
• Exhibit 113: Ag Leader Technology – Key offerings

• 11.4 AGCO Corp.
• Exhibit 114: AGCO Corp. – Overview
• Exhibit 115: AGCO Corp. – Business segments
• Exhibit 116: AGCO Corp. – Key news
• Exhibit 117: AGCO Corp. – Key offerings
• Exhibit 118: AGCO Corp. – Segment focus

• 11.5 Bayer AG
• Exhibit 119: Bayer AG – Overview
• Exhibit 120: Bayer AG – Business segments
• Exhibit 121: Bayer AG – Key offerings
• Exhibit 122: Bayer AG – Segment focus

• 11.6 Deere and Co.
• Exhibit 123: Deere and Co. – Overview
• Exhibit 124: Deere and Co. – Business segments
• Exhibit 125: Deere and Co. – Key news
• Exhibit 126: Deere and Co. – Key offerings
• Exhibit 127: Deere and Co. – Segment focus

• 11.7 Farmers Edge Inc.
• Exhibit 128: Farmers Edge Inc. – Overview
• Exhibit 129: Farmers Edge Inc. – Product / Service
• Exhibit 130: Farmers Edge Inc. – Key offerings

• 11.8 Raven Industries Inc.
• Exhibit 131: Raven Industries Inc. – Overview
• Exhibit 132: Raven Industries Inc. – Business segments
• Exhibit 133: Raven Industries Inc. – Key news
• Exhibit 134: Raven Industries Inc. – Key offerings
• Exhibit 135: Raven Industries Inc. – Segment focus

• 11.9 Robert Bosch GmbH
• Exhibit 136: Robert Bosch GmbH – Overview
• Exhibit 137: Robert Bosch GmbH – Business segments
• Exhibit 138: Robert Bosch GmbH – Key news
• Exhibit 139: Robert Bosch GmbH – Key offerings
• Exhibit 140: Robert Bosch GmbH – Segment focus

• 11.10 Telit Communications Plc
• Exhibit 141: Telit Communications Plc – Overview
• Exhibit 142: Telit Communications Plc – Business segments
• Exhibit 143: Telit Communications Plc – Key offerings
• Exhibit 144: Telit Communications Plc – Segment focus

• 11.11 Trimble Inc.
• Exhibit 145: Trimble Inc. – Overview
• Exhibit 146: Trimble Inc. – Business segments
• Exhibit 147: Trimble Inc. – Key offerings
• Exhibit 148: Trimble Inc. – Segment focus

• 11.12 TSI Inc.
• Exhibit 149: TSI Inc. – Overview
• Exhibit 150: TSI Inc. – Product / Service
• Exhibit 151: TSI Inc. – Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist
• Exhibit 152: Inclusions checklist
• Exhibit 153: Exclusions checklist

• 12.3 Currency conversion rates for US$
• Exhibit 154: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 155: Research methodology
• Exhibit 156: Validation techniques employed for market sizing
• Exhibit 157: Information sources

• 12.5 List of abbreviations
• Exhibit 158: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

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UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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