Summary

The smart agriculture market is expected to reach USD 23.38 billion by 2029 from USD 14.40 billion in 2024, at a CAGR of 10.2% during the 2024-2029 period.
“The growing emphasis on sustainable practices is propelling the expansion of the smart agriculture market.”
Market growth in smart agriculture is driven by increased need for sustainable agricultural practices. As these technologies deliver fundamental tools that lessen environmental impact and maintain higher productivity. Smart agriculture thus empowers the farmers to use their resources better through data-driven decisions which reduces any wastage or inefficiency. IOT sensors, Al analytics, and automated machinery deliver a sustainable approach towards farming in various crop conditions as they can be monitored and regulated in real-time. This accuracy produces enhanced yields with minimum resources, while maintaining soil health and biodiversity. Due to the growing awareness of sustainability across the world, these benefits make smart agriculture an important investment for both environmental and ecological issues.
“Livestock monitoring is expected to register the highest CAGR during the forecast period”
Livestock monitoring plays a crucial role in modern animal husbandry, focusing on enhancing the health, productivity, and welfare of farm animals. By employing various technologies and techniques, livestock monitoring enables farmers to collect, analyze, and interpret data related to animal behavior, health, and performance. This data-driven approach helps farmers make informed decisions regarding animal management practices. A key tool in livestock monitoring is wearable devices, such as collars or ear tags, which are equipped with sensors that track vital parameters like movement, temperature, and other physiological data of individual animals. These devices provide real-time monitoring, allowing farmers to stay informed about the health and well-being of their animals. Therefore, livestock monitoring application is expected to register the highest CAGR during the forecast period
“Asia Pacific is projected to grow at the highest CAGR during the forecast period”
The Asia Pacific region is expected to grow at the highest CAGR during the forecast period in the smart agriculture market. The rising adoption of technologies such as variable rate systems, smart irrigation controllers, and Al-powered farm analytics services is a major growth driver in this region. Moreover, the growing demand for automation in livestock and aquaculture farming across the region is anticipated to further enhance the market. Increasing animal numbers and the need for more meat products in places such as China, Australia, India, and Japan further catalyzes regional growth. The growing knowledge among farm owners about the benefits of smart agricultural technologies, such as faster responses, reliability, and cost efficiency, will further boost demand for such solutions in the Asia Pacific.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the smart agriculture market.
The break-up of the profile of primary participants in the smart agriculture market-
• By Company Type: Tier 1 – 40%, Tier 2 – 40%, Tier 3 – 20%
• By Designation Type: Directors – 40%, Managers – 40%, Others – 20%
• By Region Type: Americas – 40%, Europe –20 %, Asia Pacific– 30%, RoW – 10%,
The major players in the smart agriculture market are Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Topcon (US), DeLaval (Sweden), AKVA Group (Norway), Allflex Livestock Intelligence (MSD Animal Health), Innovasea Systems Inc. (US), Afimilk Ltd. (Israel), Heliospectra (Sweden), Ponsse Oyj (Finland), Komatsu Forest (Sweden), ScaleAQ (Norway), Tigercat International Inc. (Canada), Ag Leader Technology (US), Certhon, Nedap N.V. (Netherlands), Argus Control Systems Limited (Canada), DAIRYMASTER (Ireland), DICKEY-john (US), ABACO S.P.A. (Italy), TeeJet Technologies (US), Fancom BV (Netherlands), Sensaphone (US), BouMatic (US), and CeresAI (US).


Research Coverage
This report has categorized the smart agriculture market by agriculture type (precision farming, precision forestry, livestock monitoring, precision aquaculture, smart greenhouse, other agriculture types), offering (hardware, software, services), farm size (small, medium, and large), application (precision farming, precision forestry, livestock monitoring, precision aquaculture, smart greenhouse, other applications), and region (Americas, Europe, Asia Pacific, RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the smart agriculture market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; collaborations, partnerships, agreements, contracts, product launches, product developments, joint ventures, sales partnerships, acquisitions, and recent developments associated with the smart agriculture market. Competitive analysis of upcoming startups in the smart agriculture market ecosystem is covered in this report
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall smart agriculture market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the objectives of the market and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (The growing emphasis on sustainable practices is propelling the expansion of the smart agriculture market), restraints (interoperability issues due to absence of standardization and protocols), opportunities (accelerating investments and initiatives towards smart agriculture), and challenges (presence of security and privacy risks)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, and product developments in the smart agriculture market
• Market Development: Comprehensive information about lucrative markets – the report analyses the smart agriculture market across varied regions.
• Market Diversification: Detailed information about new products, untapped geographies, recent developments, and investments in the smart agriculture market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Topcon (US), DeLaval (Sweden).

ページTOPに戻る

Table of Contents

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 31
1.3.2 INCLUSIONS AND EXCLUSIONS, BY COMPANY 31
1.3.3 INCLUSIONS AND EXCLUSIONS, BY AGRICULTURE TYPE 32
1.3.4 INCLUSIONS AND EXCLUSIONS, BY OFFERING 32
1.3.5 INCLUSIONS AND EXCLUSIONS, BY FARM SIZE 32
1.3.6 INCLUSIONS AND EXCLUSIONS, BY APPLICATION 32
1.3.7 INCLUSIONS AND EXCLUSIONS, BY REGION 33
1.3.8 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 UNITS CONSIDERED 34
1.6 LIMITATIONS 34
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH APPROACH 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Major secondary sources 37
2.1.1.2 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary interviews with experts 38
2.1.2.2 List of key primary interview participants 38
2.1.2.3 Breakdown of primaries 38
2.1.2.4 Key data from primary sources 39
2.1.2.5 Key industry insights 40
2.1.3 SECONDARY AND PRIMARY RESEARCH 40
2.2 MARKET SIZE ESTIMATION 41
2.2.1 BOTTOM-UP APPROACH 41
2.2.1.1 Approach to obtain market size using bottom-up analysis
(demand side) 41
2.2.2 TOP-DOWN APPROACH 42
2.2.2.1 Approach to obtain market size using top-down analysis (supply side) 42
2.3 FACTOR ANALYSIS 43
2.3.1 SUPPLY-SIDE ANALYSIS 43
2.3.2 GROWTH FORECAST ASSUMPTIONS 44
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 45
2.5 RESEARCH ASSUMPTIONS 46
2.6 RISK ASSESSMENT 47
3 EXECUTIVE SUMMARY 48
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SMART AGRICULTURE MARKET 52
4.2 SMART AGRICULTURE MARKET, BY APPLICATION 52
4.3 SMART AGRICULTURE MARKET, BY FARM SIZE 53
4.4 SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE 53
4.5 SMART AGRICULTURE MARKET, BY OFFERING 54
4.6 SMART AGRICULTURE MARKET IN AMERICAS, BY AGRICULTURE TYPE AND COUNTRY, 2024 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
5.2.1 DRIVERS 56
5.2.1.1 Growing pressure on food supply chain 56
5.2.1.2 Accelerating demand for IoT and AI-based systems 56
5.2.1.3 Surging demand for sustainable practices 57
5.2.2 RESTRAINTS 58
5.2.2.1 Interoperability issues due to lack of standardization and protocols 58
5.2.2.2 High initial cost 59
5.2.2.3 Connectivity and infrastructure limitations 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Increasing integration of drones and robotic systems 60
5.2.3.2 Surging investment and initiatives towards smart agriculture 61
5.2.4 CHALLENGES 62
5.2.4.1 Lack of digital literacy 62
5.2.4.2 Security and privacy infringement 62
5.3 VALUE CHAIN ANALYSIS 64
5.4 ECOSYSTEM ANALYSIS 66
5.5 INVESTMENT AND FUNDING SCENARIO 68
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 68
5.7 TECHNOLOGY ANALYSIS 69
5.7.1 KEY TECHNOLOGIES 69
5.7.1.1 Internet of Things (IoT) 69
5.7.1.2 M2M solutions 69
5.7.1.3 Robotics 70
5.7.1.4 Artificial Intelligence (AI) 70
5.7.1.5 Blockchain 71
5.7.2 COMPLEMENTARY TECHNOLOGIES 71
5.7.2.1 Robotic cages 71
5.7.2.2 Underwater drones 71
5.7.2.3 Telematics integration with forest mechanization 72
5.7.3 ADJACENT TECHNOLOGIES 72
5.7.3.1 LiDAR-fitted UAVs 72
5.8 PRICING ANALYSIS 73
5.8.1 AVERAGE SELLING PRICE OF KEY PLAYERS 73
5.8.2 AVERAGE SELLING PRICE TREND OF SMART AGRICULTURE SYSTEMS,
BY OFFERING 74
5.8.3 AVERAGE SELLING PRICE TREND OF SMART AGRICULTURE SYSTEMS,
BY REGION 75
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 76
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 76
5.9.2 BUYING CRITERIA 77
5.10 PORTER'S FIVE FORCES ANALYSIS 78
5.10.1 THREAT OF NEW ENTRANTS 79
5.10.2 THREAT OF SUBSTITUTES 79
5.10.3 BARGAINING POWER OF SUPPLIERS 79
5.10.4 BARGAINING POWER OF BUYERS 79
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.11 IMPACT OF AI/GEN AI ON SMART AGRICULTURE MARKET 79
5.12 CASE STUDIES 81
5.12.1 ADOPTION OF INNOVASEA SYSTEM'S TURN-KEY SOLUTION HELPED ESTABLISH OPEN BLUE'S OPEN-OCEAN FISH FARM 81
5.12.2 INNOVASEA SYSTEM DEVELOPED EVOLUTION PEN FOR EARTH OCEAN FARMS TO RESOLVE SEASONAL CHALLENGES 81
5.12.3 PHILIPS LIGHTING AND LEROY SEAFOOD DEVELOPED INTELLIGENT LED LIGHTING SOLUTION FOR NORWAY'S SALMON INDUSTRY 82
5.12.4 AKVA GROUP PROVIDED AQUACULTURE PRODUCTS TO ERKO SEAFOOD TO SUPPORT SALMON AND TROUT PRODUCTION 82
5.13 TRADE ANALYSIS 83
5.13.1 IMPORT SCENARIO (HS CODE 8432) 83
5.13.2 EXPORT SCENARIO (HS CODE 8432) 84
5.14 PATENT ANALYSIS 84
5.15 REGULATORY LANDSCAPE 87
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
5.15.2 STANDARDS 89
5.16 KEY CONFERENCES & EVENTS, 2024−2025 90
 
6 CONNECTING TECHNOLOGIES USED IN SMART AGRICULTURE 91
6.1 INTRODUCTION 91
6.2 INTERNET OF THINGS (IOT) 91
6.3 CELLULAR IOT 91
6.3.1 LTE-M 91
6.3.2 NB-IOT 92
6.4 LORA 92
6.5 GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS) 92
7 SMART AGRICULTURE MARKET, BY FARM SIZE 93
7.1 INTRODUCTION 94
7.2 LARGE FARMS 96
7.2.1 GROWING DEPENDENCE ON HIRED LABOR FOR OPERATIONAL MANAGEMENT 96
7.3 MEDIUM FARMS 97
7.3.1 SURGING NEED TO LOWER LABOR COSTS AND IMPROVE PRODUCTIVITY 97
7.4 SMALL FARMS 98
7.4.1 SMALL FARMS IN ASIA PACIFIC REGION INCREASINGLY ADOPTING ADVANCED TECHNOLOGIES FOR FARMING 98
8 SMART AGRICULTURE MARKET, BY AGRICULTURE TYPE 99
8.1 INTRODUCTION 100
8.2 PRECISION FARMING 101
8.2.1 RISING DEMAND FOR HIGHER FARM EFFICIENCY AND INCREASE IN CROP PRODUCTIVITY 101
8.3 LIVESTOCK MONITORING 110
8.3.1 DEMAND FOR CUTTING-EDGE TECHNOLOGIES AND TOOLS GROWING TO ENHANCE PRODUCTIVITY AND PROFITABILITY IN DAIRY FARMING 110
8.4 PRECISION AQUACULTURE 114
8.4.1 INCREASING INTEGRATION OF SMART TECHNOLOGIES TO MONITOR AQUAFARMS 114
8.4.2 SMART FEEDING SYSTEMS 115
8.4.3 MONITORING AND CONTROL SYSTEMS 115
8.4.4 UNDERWATER REMOTELY OPERATED VEHICLES 115
8.5 PRECISION FORESTRY 118
8.5.1 GROWING NEED TO GATHER REAL-TIME INFORMATION FOR DECISION-MAKING TO DRIVE MARKET 118
8.6 SMART GREENHOUSE 122
8.6.1 SURGING NEED TO IMPROVE OPERATIONS USING WIRED AND WIRELESS TECHNOLOGIES 122
8.7 OTHER AGRICULTURE TYPES 126
 
9 SMART AGRICULTURE MARKET, BY OFFERING 130
9.1 INTRODUCTION 131
9.2 HARDWARE 132
9.2.1 PRECISION FARMING HARDWARE 133
9.2.1.1 Growing availability of precision farming tools to fuel demand 133
9.2.1.2 Automation & control systems 133
9.2.1.2.1 Drones/UAVs 133
9.2.1.2.1.1 Growing need for significant cost savings and accurate data for VRT applications to drive demand 133
9.2.1.2.2 Irrigation controllers 134
9.2.1.2.2.1 Increasing need to improve efficiency, reduce energy consumption, and maximize crop productivity to support market growth 134
9.2.1.2.3 GPS/GNSS devices 135
9.2.1.2.3.1 Accelerating need to resolve poor visibility conditions to increase demand 135
9.2.1.2.4 Flow and application control devices 135
9.2.1.2.4.1 Helps eliminate overlap and double coverage, saves inputs, and promotes efficiency 135
9.2.1.2.5 Guidance and steering systems 136
9.2.1.2.5.1 Helps reduce overlap and inward drift 136
9.2.1.2.6 Handheld mobile devices/handheld computers 136
9.2.1.2.6.1 Rising need for collection of field records, soil nutrient data, and soil moisture information to increase adoption 136
9.2.1.2.7 Displays 136
9.2.1.2.7.1 Surging need for farmers to view farm-related information in real time 136
9.2.1.2.8 Others 137
9.2.1.3 Sensing & monitoring devices 137
9.2.1.3.1 Yield monitors 137
9.2.1.3.1.1 Rising need to collect real-time data on crop yields 137
9.2.1.3.2 Soil sensors 137
9.2.1.3.2.1 Rising need to provide real-time data on various soil properties to drive market 137
9.2.1.3.3 Nutrient sensors 138
9.2.1.3.3.1 Increasing need to measure levels of essential plant nutrients 138
9.2.1.3.4 Moisture sensors 138
9.2.1.3.4.1 Accelerating demand for moisture sensors to manage irrigation systems more efficiently 138
9.2.1.3.5 Temperature sensors 138
9.2.1.3.5.1 Temperature sensors used to make sowing decisions and check soil sustainability for planting 138
9.2.1.4 Water sensors 139
9.2.1.4.1 Assist farmers in determining most efficient and effective times to water crops 139
9.2.1.5 Climate sensors 139
9.2.1.5.1 Rising need to monitor and record climate changes to drive demand 139
9.2.1.6 Other sensors 139
9.2.2 LIVESTOCK MONITORING HARDWARE 139
9.2.2.1 Increasing demand for efficient resource management, livestock tracking, and devising and managing feeding and milking plans 139
9.2.2.2 RFID tags & readers 140
9.2.2.2.1 Growing need to track and monitor livestock, crops, and farm assets to drive demand 140
9.2.2.3 Sensors 140
9.2.2.3.1 Growing demand for enhanced livestock monitoring applications 140
9.2.2.4 Transmitters & mounting equipment 140
9.2.2.4.1 Enables owners to observe animals' behavior through video feed 140
9.2.2.5 GPS 141
9.2.2.5.1 Rising need for aid in animal management to drive market 141
9.2.2.6 Others 141
9.2.3 PRECISION FORESTRY HARDWARE 141
9.2.3.1 Rising need to optimize efficiency and accuracy of forest management operations 141
9.2.3.2 Harvesters & forwarders 141
9.2.3.2.1 Surging importance for precision forestry operations to fuel market growth 141
9.2.3.3 UAVs/Drones 142
9.2.3.3.1 Rising need for planting trees and reducing associated costs 142
9.2.3.4 GPS 142
9.2.3.4.1 Rising demand for site-specific tree management with high precision 142
9.2.3.5 Cameras 143
9.2.3.5.1 Growing need to monitor trees in forests to drive demand 143
9.2.3.6 Sensors & RFID tags 143
9.2.3.6.1 Rising number of illegal cutting and smuggling of trees 143
9.2.3.7 Variable rate controllers 143
9.2.3.7.1 Rising adoption in application of herbicides and fertilizers 143
9.2.3.8 Others 144
9.2.4 PRECISION AQUACULTURE HARDWARE 144
9.2.4.1 Surging need for effective management of aquaculture farms 144
9.2.4.2 Monitoring devices 144
9.2.4.2.1 Increasing need for aquatic farm efficiency and productivity 144
9.2.4.2.2 Temperature and environmental monitoring devices 144
9.2.4.2.3 pH and dissolved oxygen sensors 145
9.2.4.2.4 Others 145
9.2.4.3 Camera systems 145
9.2.4.3.1 Rising demand to monitor feeding response, feeding rate, and fish behavior 145
9.2.4.4 Control systems 145
9.2.4.4.1 Need for comprehensive control over aquaculture operations to drive demand 145
9.2.4.5 Others 145
9.2.5 SMART GREENHOUSE HARDWARE 146
9.2.5.1 Increasing need to improve plant growth, increase yields, and reduce waste 146
9.2.5.2 HVAC systems 146
9.2.5.2.1 Demand for improved indoor environment in smart greenhouses 146
9.2.5.3 LED grow lights 146
9.2.5.3.1 Growing use as supplemental lighting source to drive market 146
9.2.5.4 Irrigation systems 147
9.2.5.4.1 Surging adoption for proper and timely watering of each zone in greenhouses 147
9.2.5.5 Material handling equipment 147
9.2.5.5.1 Growing adoption for mechanization of greenhouses 147
9.2.5.6 Valves & pumps 147
9.2.5.6.1 Growing need to maintain optimal flow of water in greenhouses 147
9.2.5.7 Control systems 147
9.2.5.7.1 Rising need for ease in heating and cooling operations 147
9.2.5.8 Sensors & cameras 148
9.2.5.8.1 Growing need for quantitative information to guide farm owners 148
9.2.6 OTHER HARDWARE 148
9.3 SOFTWARE 148
9.3.1 ON-PREMISES SOFTWARE 150
9.3.1.1 Offers lower cost of ownership 150
9.3.2 ON-CLOUD 151
9.3.2.1 Enables shared processing of resources and data to users 151
9.3.2.2 Software-as-a-Service (SaaS) 151
9.3.2.3 Platform-as-a-Service (PaaS) 152
9.3.3 AI & DATA ANALYTICS 153
9.3.3.1 Growing need to improve harvest quality and accuracy 153
9.3.3.2 Farm management software 153
9.4 SERVICES 153
9.4.1 SYSTEM INTEGRATION AND CONSULTING SERVICES 154
9.4.1.1 Growing demand for troubleshooting and diagnosing farm management issues 154
 
9.4.2 MANAGED SERVICES 154
9.4.2.1 Need for suggestions to farmers to enhance production 154
9.4.2.2 Farm operation services 154
9.4.2.3 Data services 155
9.4.2.4 Analytics services 155
9.4.3 CONNECTIVITY SERVICES 155
9.4.3.1 Rising demand for proper communication between devices and end users 155
9.4.4 ASSISTED PROFESSIONAL SERVICES 156
9.4.4.1 Helps improve standards of projects to meet industry benchmarks 156
9.4.4.2 Supply chain management services 156
9.4.4.3 Climate information services 156
9.4.4.4 Other services 156
9.4.5 MAINTENANCE AND SUPPORT SERVICES 157
9.4.5.1 Growing demand for efficient farm operations to increase adoption 157
9.4.5.2 Installation and deployment services 157
10 SMART AGRICULTURE MARKET, BY APPLICATION 158
10.1 INTRODUCTION 159
10.2 PRECISION FARMING 160
10.2.1 GROWING DEMAND FOR ENHANCED AGRICULTURAL PRODUCTION 160
10.2.2 YIELD MONITORING 162
10.2.2.1 Helps maximize yields by optimizing irrigation and fertilizer application 162
10.2.2.2 On-farm yield monitoring 162
10.2.2.3 Off-farm yield monitoring 163
10.2.3 CROP SCOUTING 163
10.2.3.1 Rising demand for crop management tool for making timely decisions during harvesting 163
10.2.4 FIELD MAPPING 163
10.2.4.1 Helps farmers in decision-making related to yield production 163
10.2.4.2 Boundary mapping 164
10.2.4.3 Drainage mapping 164
10.2.5 VARIABLE RATE APPLICATION 164
10.2.5.1 Increasing need to optimize crop input for efficient farming 164
10.2.5.2 Precision irrigation 164
10.2.5.3 Precision seeding 165
10.2.5.4 Precision fertilization 165
10.2.5.5 Pesticide VRA 165
10.2.6 WEATHER TRACKING & FORECASTING 165
10.2.6.1 Rising need to take precautionary measures for farm protection from natural calamities 165
 
10.2.7 INVENTORY MANAGEMENT 166
10.2.7.1 Growing demand to track and organize materials, irrigation parts, and chemicals to drive market 166
10.2.8 FARM LABOR MANAGEMENT 166
10.2.8.1 Helps optimize production and manage cost 166
10.2.9 FINANCIAL MANAGEMENT 167
10.2.9.1 Financial management critical for optimum fund utilization and determining capital investment 167
10.2.10 OTHERS 167
10.3 LIVESTOCK MONITORING 167
10.3.1 NEED TO ENABLE REAL-TIME MONITORING OF HEALTH AND WELL-BEING OF ANIMALS TO DRIVE MARKET 167
10.3.2 MILK HARVESTING MANAGEMENT 169
10.3.2.1 Need to reduce labor costs and increase milking efficiency through automated milk harvesting 169
10.3.3 BREEDING MANAGEMENT 169
10.3.3.1 Breeding management necessary for enhancing long-term animal productivity 169
10.3.4 FEEDING MANAGEMENT 170
10.3.4.1 Rising need to accurately formulate animal diet to drive market 170
10.3.5 HEAT STRESS MANAGEMENT 170
10.3.5.1 Need for maintaining comfortable environment for dairy cows to drive demand 170
10.3.6 ANIMAL COMFORT MANAGEMENT 170
10.3.6.1 Increasing awareness about animal health and well-being to support market growth 170
10.3.7 BEHAVIOR MONITORING AND CONTROL 171
10.3.7.1 Rising demand for early detection of any deviations in animal behavior 171
10.3.8 OTHERS 171
10.4 PRECISION AQUACULTURE 172
10.4.1 GROWING NEED TO OPTIMIZE AQUACULTURE PRODUCTION AND MANAGEMENT 172
10.4.2 FEEDING MANAGEMENT 172
10.4.2.1 Feeding management necessary to avoid overfeeding 172
10.4.3 MONITORING, CONTROL, AND SURVEILLANCE 173
10.4.3.1 Rising need to minimize waste and environmental impact 173
10.4.4 OTHERS 173
10.5 PRECISION FORESTRY 173
10.5.1 RISING NEED TO IMPROVE SUSTAINABILITY OF FORESTRY PRACTICES 173
10.5.2 GENETICS & NURSERIES 174
10.5.2.1 Use of UAVs in seed planting revolutionizing plantation management 174
10.5.3 SILVICULTURE & FIRE MANAGEMENT 174
10.5.3.1 Rising need to minimize damage and casualties due to wildfires 174
 
10.5.4 HARVESTING MANAGEMENT 175
10.5.4.1 Harvesting management essential for preventing forest damage 175
10.5.5 INVENTORY & LOGISTICS MANAGEMENT 175
10.5.5.1 Need to diminish manual error and enable quick reporting and data processing 175
10.6 SMART GREENHOUSE 175
10.6.1 HVAC MANAGEMENT WIDELY ADOPTED IN SMART GREENHOUSES 175
10.6.2 HVAC MANAGEMENT 176
10.6.2.1 Need to regulate temperature for favorable plant growth to drive demand 176
10.6.3 YIELD MONITORING & HARVESTING 176
10.6.3.1 Surging need for improved efficiency and productivity of greenhouse operations 176
10.6.4 WATER & FERTILIZER MANAGEMENT 177
10.6.4.1 Need to reduce water wastage and production costs of greenhouses to drive market 177
10.6.5 OTHERS 177
10.7 OTHER APPLICATIONS 177
11 SMART AGRICULTURE MARKET, BY REGION 178
11.1 INTRODUCTION 179
11.2 AMERICAS 180
11.2.1 MACROECONOMIC OUTLOOK FOR AMERICAS 183
11.2.2 NORTH AMERICA 183
11.2.2.1 US 184
11.2.2.1.1 Increasing presence of key players to boost market growth 184
11.2.2.2 Canada 185
11.2.2.2.1 Surging government initiatives and investments to fuel market growth 185
11.2.2.3 Mexico 185
11.2.2.3.1 Government initiatives to promote use of remote sensing technology to accelerate market growth 185
11.2.3 SOUTH AMERICA 186
11.2.3.1 Brazil 187
11.2.3.1.1 Availability of large lands at low cost to propel market 187
11.2.3.2 Argentina 187
11.2.3.2.1 Increasing crop production areas to drive market growth 187
11.2.3.3 Rest of South America 187
11.3 EUROPE 187
11.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 191
11.3.2 GERMANY 191
11.3.2.1 Increasing number of livestock farms to drive market growth 191
11.3.3 UK 192
11.3.3.1 Growing innovation supporting market growth 192
11.3.4 FRANCE 192
11.3.4.1 Increasing adoption of smart agriculture technologies to drive market growth 192
11.3.5 ITALY 192
11.3.5.1 Ongoing shift toward smart farming techniques to spur market growth 192
11.3.6 NETHERLANDS 193
11.3.6.1 Rising adoption of advanced technologies for harvesting processes to fuel market growth 193
11.3.7 REST OF EUROPE 193
11.4 ASIA PACIFIC 193
11.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 196
11.4.2 CHINA 197
11.4.2.1 Government initiatives to advance agriculture sector to drive market 197
11.4.3 JAPAN 197
11.4.3.1 Labor shortage to fuel demand for smart agriculture solutions 197
11.4.4 AUSTRALIA 198
11.4.4.1 Government support and presence of research organizations to play major role in market growth 198
11.4.5 INDIA 198
11.4.5.1 Government initiatives to increase adoption of smart agriculture solutions 198
11.4.6 SOUTH KOREA 199
11.4.6.1 Rising need to produce high-value agricultural products to fuel market growth 199
11.4.7 REST OF ASIA PACIFIC 199
11.5 ROW 199
11.5.1 MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 201
11.5.2 AFRICA 201
11.5.2.1 Increasing awareness among farmers to contribute to market growth 201
11.5.3 RUSSIA 202
11.5.3.1 Increasing awareness about benefits of smart agriculture to support market 202
11.5.4 MIDDLE EAST 202
11.5.4.1 Developments in big data analytics and cloud-computing platforms to support market growth 202
11.5.4.2 GCC countries 203
11.5.4.2.1 Growing adoption of smart irrigation systems driving market growth 203
11.5.4.3 Rest of Middle East 203
11.5.4.3.1 Escalating demand for food, water, and energy to fuel market growth 203
 
12 COMPETITIVE LANDSCAPE 204
12.1 INTRODUCTION 204
12.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN, 2020−2024 204
12.3 REVENUE ANALYSIS 206
12.4 MARKET SHARE ANALYSIS, 2023 206
12.5 COMPANY VALUATION AND FINANCIAL METRICS 208
12.6 BRAND/PRODUCT COMPARISON 209
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 210
12.7.1 STARS 210
12.7.2 EMERGING LEADERS 210
12.7.3 PERVASIVE PLAYERS 210
12.7.4 PARTICIPANTS 210
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 212
12.7.5.1 Company footprint 212
12.7.5.2 Region footprint 213
12.7.5.3 Offering footprint 214
12.7.5.4 Application footprint 215
12.7.5.5 Agriculture type footprint 216
12.8 COMPETITIVE EVALUATION MATRIX: STARTUPS/SMES, 2023 217
12.8.1 PROGRESSIVE COMPANIES 217
12.8.2 RESPONSIVE COMPANIES 217
12.8.3 DYNAMIC COMPANIES 217
12.8.4 STARTING BLOCKS 218
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 219
12.8.5.1 Detailed list of startups/SMEs 219
12.8.5.2 Competitive benchmarking for startups/SMEs 220
12.9 COMPETITIVE SITUATION AND TRENDS 221
12.9.1 PRODUCT LAUNCHES, PRODUCT DEVELOPMENTS, AND BRAND LAUNCHES 221
12.9.2 DEALS 224
12.9.3 EXPANSIONS 228
12.9.4 OTHERS 229
13 COMPANY PROFILES 230
13.1 INTRODUCTION 230
13.2 KEY PLAYERS 230
13.2.1 DEERE & COMPANY 230
13.2.1.1 Business overview 230
13.2.1.2 Products offered 232
13.2.1.3 Recent developments 233
13.2.1.3.1 Product launches/developments 233
13.2.1.3.2 Deals 233
13.2.1.3.3 Expansions 234
13.2.1.4 MnM view 234
13.2.1.4.1 Key strengths 234
13.2.1.4.2 Strategic choices 234
13.2.1.4.3 Weaknesses and competitive threats 234
13.2.2 TRIMBLE INC. 235
13.2.2.1 Business overview 235
13.2.2.2 Products offered 236
13.2.2.3 Recent developments 239
13.2.2.3.1 Product launches/developments 239
13.2.2.4 Deals 239
13.2.2.5 MnM view 240
13.2.2.5.1 Key strengths 240
13.2.2.5.2 Strategic choices 240
13.2.2.5.3 Weaknesses and competitive threats 240
13.2.3 AGCO CORPORATION 241
13.2.3.1 Business overview 241
13.2.3.2 Products offered 242
13.2.3.3 Recent developments 244
13.2.3.3.1 Product launches/developments 244
13.2.3.3.2 Deals 244
13.2.3.4 MnM view 245
13.2.3.4.1 Key strengths 245
13.2.3.4.2 Strategic choices 245
13.2.3.4.3 Weaknesses and competitive threats 245
13.2.4 TOPCON 246
13.2.4.1 Business overview 246
13.2.4.2 Products offered 246
13.2.4.3 Recent developments 249
13.2.4.3.1 Deals 249
13.2.4.4 MnM view 249
13.2.4.4.1 Key strengths 249
13.2.4.4.2 Strategic choices 249
13.2.4.4.3 Weaknesses and competitive threats 249
13.2.5 DELAVAL 250
13.2.5.1 Business overview 250
13.2.5.2 Products offered 251
13.2.5.3 Recent developments 252
13.2.5.3.1 Product launches/developments 252
13.2.5.3.2 Deals 253
13.2.5.4 MnM view 253
13.2.5.4.1 Key strengths 253
13.2.5.4.2 Strategic choices 253
13.2.5.4.3 Weaknesses and competitive threats 253
13.2.6 AKVA GROUP 254
13.2.6.1 Business overview 254
13.2.6.2 Products offered 255
13.2.6.3 Recent developments 257
13.2.6.3.1 Deals 257
13.2.6.3.2 Expansions 258
13.2.6.3.3 Others 258
13.2.7 ALLFLEX LIVESTOCK INTELLIGENCE (MSD ANIMAL HEALTH) 259
13.2.7.1 Business overview 259
13.2.7.2 Products offered 259
13.2.7.3 Recent developments 261
13.2.7.3.1 Product launches/developments 261
13.2.7.3.2 Deals 261
13.2.8 INNOVASEA SYSTEMS INC. 262
13.2.8.1 Business overview 262
13.2.8.2 Products offered 262
13.2.8.3 Recent developments 264
13.2.8.3.1 Product launches/developments 264
13.2.8.3.2 Deals 265
13.2.9 AFIMILK LTD. 266
13.2.9.1 Business overview 266
13.2.9.2 Products offered 266
13.2.9.3 Recent developments 267
13.2.9.3.1 Deals 267
13.2.10 HELIOSPECTRA 268
13.2.10.1 Business overview 268
13.2.10.2 Products offered 269
13.2.10.3 Recent developments 270
13.2.10.3.1 Product launches/developments 270
13.2.10.3.2 Deals 270
13.3 OTHER PLAYERS 271
13.3.1 PONSSE OYJ 271
13.3.2 KOMATSU FOREST 272
13.3.3 SCALEAQ 273
13.3.4 TIGERCAT INTERNATIONAL INC. 274
13.3.5 AG LEADER TECHNOLOGY 275
13.3.6 CERTHON 276
13.3.7 NEDAP N.V. 277
13.3.8 ARGUS CONTROL SYSTEMS LIMITED 278
13.3.9 DAIRYMASTER 279
13.3.10 DICKEY-JOHN 280
13.3.11 ABACO S.P.A. 281
13.3.12 TEEJET TECHNOLOGIES 281
13.3.13 FANCOM BV 282
13.3.14 SENSAPHONE 283
13.3.15 BOUMATIC 284
13.3.16 CERESAI 285
13.3.17 RAVEN INDUSTRIES, INC. 286
14 APPENDIX 287
14.1 INSIGHTS OF INDUSTRY EXPERTS 287
14.2 DISCUSSION GUIDE 287
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 292
14.4 CUSTOMIZATION OPTIONS 294
14.5 RELATED REPORTS 294
14.6 AUTHOR DETAILS 295