Global Agriculture IoT Market by Agriculture Type and by region

Global Agriculture IoT Market by Agriculture Type and by region

The GMI Research projects that the Agriculture IoT Market will undergo an expansion in demand over the forecast period. This is because of the fundamental switch in the preference of farmers to enhance the productivity and efficiency of the farm.

Introduction of the Agriculture IoT Market 

Internet of Things technology helps to raise the existent agricultural output to serve the accelerating food demand and resolve agricultural issues by enhancing the quantity and quality of agricultural production. Thus, IoT incorporates sophisticated technological equipment, tools, and solutions to boost operational effectiveness and lessen energy wastage. 

Key Players of Market:

  • Trimble Inc.
  • Deere & Company
  • AGCO Corporation
  • DE Laval
  • GEA Group
  • Raven Industries, Inc.
  • Adjunctions
  • Ponsse Oyj
  • Komatsu Forest
  • Merck & Co., Inc.

Agriculture IoT Market Dynamics

The rising demand for enhanced agricultural productivity, accelerating penetration of artificial intelligence and internet of things (IoT) technology in the agricultural sector, as well as the favourable government strategies to encourage the adoption of modernized agricultural techniques, have enlarged the global agricultural IoT market size. Also, the aggravated emphasis on livestock surveillance to raise the effectiveness of farming and the accelerating seepage of drones in precision farming, and the initiation of big data in agricultural farms are projected to strengthen the market size. Further, the rigorous demand for food, accompanied by the mounting population, primarily in developing countries such as India, will pave the way for market growth. 

Besides this, the growing seepage of the internet and smartphones among farmers has persuaded them to choose the latest technology to improve the quality and quantity of their output. Moreover, the rigorous changes in the environment have necessitated the need to implement IoT-based technologies in the agricultural sector to raise production and reduce the chances of losses. Thus, the combination of all these factors has proliferated the market growth. IoT-based technology helps tackle agriculture issues and amplify the quality and quantity of farming production by linking via a single platform and making it interactive by interpreting, sharing, and storing the information. However, the insufficient accessibility of coherent and assimilate data management and collection tools is likely to hinder the agricultural IoT market growth.

Offering Segment Drivers

The market based on offering is sub-segmented into Software, Hardware, and Services. Amongst which, services are predicted to capture the highest share in the market over the forecast period. This is because of the aggravating demand for farm data analytics and services as a result of the changing climatic condition. The IoT-based services vendor incorporates the companies which offer information about farm data and interprets it to help the farmers make the right decision and apprise them about the farming operations.

Geographical Drivers

In accordance with the regional analysis, Europe is contemplated to maintain its supremacy over the coming years. The aggravating demand for food because of the surge in population rate, wide variation in climatic conditions, a notable change in the diet patterns, and the increasing shortage of natural resources is promoting the acquisition of IoT-based technologies in the agriculture sector. Moreover, farmers across the European countries are increasingly implementing smart agricultural technologies, such as GNSS technology, in guidance, yield, and crop monitoring. Thus, all these factors, with the technologically enhanced era, have impelled market growth.

Agriculture IoT Market Segmentation:

Segmentation by Offering

  • Hardware
  • Precision Farming Hardware
  • Automation and Control Systems
  • Drones/UAVS
  • Irrigation Controllers
  • GPS/GNSS Systems
  • Flow and Application Control Devices
  • Guidance and Steering
  • Handheld Mobile Devices/Handheld Computers
  • Displays
  • Others
  • Sensing and Monitoring Devices
  • Yield Monitors
  • Soil Sensors
  • Water Sensors
  • Climate Sensors
  • Others
  • Precision Forestry Hardware
  • Harvesters & Forwarders
  • UAVS/Drones
  • GPS
  • Cameras
  • RFID and Sensors
  • Variable Rate Controllers
  • Others
  • Livestock Monitoring Hardware
  • RFID Tags and Readers
  • Sensors
  • Control System
  • GPS
  • Others
  • Fish Farm Monitoring Hardware
  • GPS/GNSS
  • Sensors
  • Others
  • Smart Greenhouse Hardware
  • HVAC Systems
  • Led Grow Lights
  • Sensors
  • Others
  • Software
  • Local/Web Based
  • Cloud Based
  • Services
  • System Integration and Consulting
  • Managed Services
  • Farm Operation Services
  • Data Services
  • Analytics
  • Connectivity Services
  • Assisted Professional Services
  • Supply Chain Management Services
  • Climate Information Services
  • Others
  • Maintenance and Support

Segmentation by Agriculture Type

  • Precision Farming
  • Precision Forestry
  • Livestock Monitoring
  • Fish Farm Monitoring
  • Smart Greenhouse
  • Others

Segmentation by Application

  • Precision Farming Applications
  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking and Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others
  • Precision Forestry Applications
    • Genetics and Nurseries
    • Silviculture and Fire Management
    • Harvesting Management
    • Inventory and Logistics Management
  • Livestock Monitoring Applications
    • Feeding Management
    • Heat Stress Management
    • Milk Harvesting Management
    • Breeding Management
    • Animal Comfort Management
    • Behavior Monitoring and Management
    • Others
  • Fish Farm Monitoring Applications
    • Fish Tracking and Fleet Navigation
    • Feeding Management
    • Water Quality Management
    • Others
  • Smart Greenhouse Applications
    • HVAC Management
    • Yield Monitoring
    • Water and Fertilizer Management
  • Other Applications

Segmentation by Region:

  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE 
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

A market research and consulting organisation, GMI, provides insights and research reports to various enterprises. The detailed reports serve as a helping hand for clients to formulate viable business policies and achieve long term growth. The large team of analysts and industry experts provides an all-inclusive solution including a precise forecast, factors impacting the market growth, market restraints, share, size, and other aspects to acknowledge them with the approaching challenges. 

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