Agriculture IoT Market Research Report

Agriculture IoT Market:

The GMI Research’s latest analysis reveals that the Agriculture IoT Market is slated to register a significant CAGR over the forecast period. This is attributed to the growing penetration of Internet of Things (IoT) & artificial intelligence (AI) technologies in the farming sector, the strong demand for agricultural output, the rising emphasis on livestock monitoring to improve farming efficiency.

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Agriculture IoT Market’s leading Manufacturers:

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

Agriculture IoT Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The growing penetration of Internet of Things (IoT) & artificial intelligence (AI) technologies in the farming sector, the strong demand for agricultural output, the rising emphasis on livestock monitoring to improve the efficiency of farming, and the increasing government support to opt for latest agricultural techniques are the key drivers responsible for the growth of the global agriculture IoT market size. Furthermore, the rising penetration of drones in precision farming and the launch of big data in agricultural farms will further boost the demand of the market. IoT-based technology aids in addressing agriculture problems and increases the quality and quantity of farming production by entering via a single platform and making it interactive by analyzing, sharing, and storing the information.

The rising demand for food worldwide and the growing population rate, particularly in emerging countries like India, will open doors for the growth of the agriculture IoT market. With the change in the climate, it has become mandatory to deploy IoT-based technologies in the agriculture industry to improve production and reduced the changes od losses. Additionally, the increasing penetration of smartphones and the Internet among farmers will encourage them to opt for the latest technologies to enhance their quantity and improve the quality of yield. On the other hand, the factor hindering the growth of the agriculture IoT market include the limited availability of simple and standardized data management and data aggregation tools.

Application Type Segment Drivers

Based on the Agricultural Type, the market is segmented into precision forestry, precision farming, livestock monitoring, fish farm monitoring, smart greenhouse, and others. Precision farming is projected to rise at a higher CAGR during the forecast period due to the shift in the farmers’ preference towards enhancing farm efficiency and productivity. Precision farming is gaining traction in the agriculture industry as it allows the farmers to utilize a precise application of agricultural input according to the weather, soil, and crop requirements, thereby enhancing the productivity and profitability of the farmers. Farmers can utilize various IoT-based software and hardware devices to collect farm-related information, which will further aid in making better decisions.

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:

• North America
  • United States of America
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of the world (remaining countries of the LAMEA region)

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