Product Code: AGA0603SC
“Global Smart Farming Market to Reach $33.0 Billion by 2027.”
Global Smart Farming Market Industry Overview
The global smart farming market was valued at $15.06 billion in 2022 and is expected to reach $33.0 billion in 2027, following a CAGR of 16.99% during 2022-2027. The growth in the global smart farming market is expected to be driven by increase in adoption of IoT and artificial intelligence, digitalization of agriculture operations, rise in dependence on advanced technologies to enhance production across the globe.
Market Lifecycle Stage
The smart farming market is in a growing phase owing to different advanced technologies in the market. As increase in adoption of automated machineries and equipment, sensors and navigation systems, robots, autonomous vehicles, and others. Sensor is the most important hardware component used in the modern agriculture operations.
Impact
- Smart farming is about using the new technologies that emerged in agriculture and livestock at the beginning of the fourth industrial revolution to increase production volume and quality by making maximum use of resources and minimizing environmental impact. Also, the implementation of technology in agriculture and livestock will make it possible to improve food security around the world.
- The use of smart farming technologies has positive impact of agriculture operations and livestock farming. These technologies offer benefits such as increased efficiency & productivity, water saving, reduced costs, pest detection and animal health, better sustainability, and others. In addition, smart farming helps farmers better understand the important factors such as water, topography, orientation, vegetation and soil types.
Impact of COVID-19
Due to the COVID-19 pandemic, the research & development has slowed down owing to the lack of funding, halt manufacturing activities, and components or raw material supply chain disruptions. In addition, positive impact of COVID-19 had been seen on smart farming technologies adoption such as autonomous vehicles, robots, software solutions, and sensors by farmers owing to lack of workers which is resulted in increase in demand for smart farming solutions worldwide.
Market Segmentation:
Segmentation 1: by Application
- Precision Farming
- Livestock Monitoring and Management
- Aquaculture
- Others
The global smart farming market in the application segment is expected to be dominated by precision farming applications. Rise in use of precision farming applications such as precision irrigation, yield monitoring & forecasting, precision spraying, precision planting, and others are expected to drive the growth of this segment globally. This is followed by the livestock monitoring and management segment which accounts for the second-largest share in the smart farming market due to increase in awareness and demand towards tracking and monitoring of health of livestock across the globe.
Segmentation 2: by Product Type
The hardware segment is estimated to capture highest market share during the period 2022 to 2027. The hardware equipment is increasingly used in the various farming operations. In addition, the increasing adoption of intelligent or autonomous vehicles integrated with sensors and navigation systems, computer vision is expected to drive the growth of the smart farming market worldwide. Moreover, increase in penetration of integrated hardware and software technologies are expected to increase the production and efficiency of farms which in turn is projected to drive the market growth in the coming years.
Segmentation 3: by Region
- North America - U.S., Canada, and Mexico
- Europe - Germany, France, Italy, Spain, Netherlands, Greece, Ukraine, Belgium, Switzerland, and Rest-of-Europe
- China
- U.K.
- Asia-Pacific - India, Japan, Australia and New Zealand, Thailand, South Korea, and Rest-of-Asia-Pacific
- Middle East and Africa - Israel, South Africa, Turkey, and Rest-of-Middle East and Africa
- South America - Brazil, Rest-of-South America
North America dominated the smart farming market in 2021 and is anticipated to uphold its dominance throughout the forecast period. The growth in the market is majorly driven by the increasing research and development activities and large-scale adoption of digital technologies.
Recent Developments in Global Smart Farming Market
- In January 2022, Hexagon Agriculture launched a new technology named HxGN AgrOn planting assistant. This new technology is aimed at improving accuracy in shovel planting. This item can also be adopted by other types of crops, such as palm oil, coffee, banana, and citrus.
- In October 2022, Trimble Inc. launched new agriculture displays, such as Trimble GFX-1060 and GFX-1260, for precision agriculture applications. These displays provide next-generation performance and connectivity for in-field operations.
- In June 2022, BASF acquired Horta S.r.l., an Italian company specialized in digital farming solutions. Horta is an established player for the development of highly innovative agronomic Decision Support Systems (DSS) for crops such as grapes, tomatoes, cereals and olives.
- In August 2022, CropX inc. launched a continuous nitrogen leaching monitoring capability for its farm management system. This new development would track the nitrogen movement and salts in the soil.
Demand - Drivers and Limitations
Following are the demand drivers for the Smart Farming Market:
- Need for Automation of Work Force in Agriculture
- Rising Concerns over Agriculture Sustainability
- Need For Technology in Livestock Monitoring and Disease Detection
- Increasing Demand for Global Food Security owing to Population Growth and Urbanization
The market is expected to face some following challenges:
- Rising Concern over Data Security with Increasing Cyber Attacks
- Lack of Compatible Infrastructure
How This Report Can Add Value to End Users
Product/Innovation Strategy: The product segment helps the reader understand the different types of hardware and software is expected to available for deployment in the smart farming applications. Moreover, the study provides the reader a detailed understanding of the different product types by applications (precision farming, livestock monitoring & management, aquaculture, and others). Hardware solutions such as autonomous vehicles, sensing and navigation systems, yield mapping devices, and auto steering systems are most widely used in modern agriculture practices. Therefore, the smart farming market is a moderate investment and high revenue generating product in the coming years owing to the rise in investment towards climate smart agriculture practices across the globe.
Growth/Marketing Strategy: The global smart farming market has seen major development by key players operating in the market, such as acquisition, partnership, agreement, business expansion, and product launches. The favoured strategy for the companies has been agreement, business expansion, and product launch to strengthen their positions in the smart farming market.
For instance, in August 2021, Deere & Company acquired Bear Flag Robotics; an agriculture technology startup based in Silicon Valley. Bear Flag's technology enables a machine to work in a field autonomously. Bear Flag's technology complements Deere's technology initiatives and goals to help farmers achieve the best possible outcomes and solve meaningful challenges through advanced technology, including autonomy.
Competitive Strategy: Key players in the global Smart Farming Market analysed and profiled in the study involve integrated hardware and software manufacturers that are engaged in providing advanced smart farming solutions to farmers and other agriculture service companies. Moreover, a detailed competitive benchmarking of the players operating in the global Smart Farming Market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
The top segment players who are leading include key precision farming and livestock monitoring & management technologies manufacturers in the market and the ones which are engaged in providing smart aquaculture solutions across the globe.
Key Companies Profiled
Company Type 1: Precision Farming and Farm Management
- Ag Leader Technology
- AGCO Corporation
- CNH Industrial N.V.
- Deere & Company
- Hexagon Agriculture
- Kubota Corporation
- Climate LLC
- Trimble Inc.
- BASF SE
- CropX inc.
- Connecterra B.V.
- Naio Technologies
- DJI
- Signify Holding
- Osram Licht AG
Company Type 2: Livestock Monitoring and Management
- Afimilk Ltd.
- Allflex USA Inc.
- Nedap N.V.
- Cargill, Incorporated
- GEA Group Ag
Company Type 3: Aquaculture
- AKVA Group ASA
- Eruvaka Technologies
- AquaManager
Table of Contents
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Market Definition
- 1.1.2 Market Trends
- 1.1.2.1 Future Communication Technologies for Smart Farming
- 1.1.2.1.1 5G: The Future of Smart Farming
- 1.1.2.1.2 LoRa Wide Area Network (LoRaWAN)
- 1.1.3 Ecosystem/Ongoing Programs
- 1.1.3.1 Consortiums and Associations
- 1.1.3.2 Regulatory Bodies
- 1.1.3.3 Government Programs
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Need for Automation of Work Force in Agriculture
- 1.2.1.2 Rising Concerns over Agriculture Sustainability
- 1.2.1.2.1 Increase in Land Degradation
- 1.2.1.2.2 Agriculture Sector Emissions
- 1.2.1.3 Need For Technology in Livestock Monitoring and Disease Detection
- 1.2.1.4 Increasing Demand for Global Food Security owing to Population Growth and Urbanization
- 1.2.2 Business Challenges
- 1.2.2.1 Lack of Compatible Infrastructure
- 1.2.2.2 Large Capital Investments
- 1.2.2.3 Rising Concern over Data Security with Increasing Cyber Attacks
- 1.2.2.4 Lack of Interoperability Hindering the Growth
- 1.2.3 Business Strategies
- 1.2.3.1 Product Development and Innovation
- 1.2.3.2 Market Development
- 1.2.4 Corporate Strategies
- 1.2.4.1 Mergers and Acquisitions
- 1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 1.2.4.3 Agreement and Others
- 1.2.4.4 Snapshot of Corporate Strategies Adopted by the Players in Global Smart Farming Market
- 1.2.5 Business Opportunities
- 1.2.5.1 Integration of Emerging Technologies with Existing Practices
- 1.2.5.2 Securing the Agriculture Value Chain with Blockchain
- 1.3 Case Studies
- 1.3.1 Smart Farming Case Studies
- 1.4 Start-Up Landscape
- 1.4.1 Key Start-Ups in the Ecosystem
- 1.4.2 Funding Analysis
- 1.4.2.1 Total Investments and Number of Funding Deals
- 1.4.2.2 Top Funding Deals, 2021
- 1.4.2.3 Funding (by Technology)
- 1.4.2.4 Funding (by Year)
2 Application
- 2.1 Global Smart Farming Market (by Application)
- 2.1.1 Precision Farming or Precision Agriculture
- 2.1.1.1 Precision Irrigation
- 2.1.1.2 Yield Monitoring and Crop Scouting or Forecasting
- 2.1.1.3 Precision Planting
- 2.1.1.4 Precision Spraying
- 2.1.1.5 Precision Fertilization
- 2.1.1.6 Farm Management
- 2.1.1.7 Other
- 2.1.2 Livestock Monitoring and Management
- 2.1.2.1 Milk Harvesting
- 2.1.2.2 Animal Health Monitoring and Comfort
- 2.1.2.3 Feeding Management
- 2.1.2.4 Livestock Tracking
- 2.1.2.5 Other
- 2.1.3 Aquaculture
- 2.1.3.1 Feed Management
- 2.1.3.2 Aquatic Species Tracking and Navigation
- 2.1.3.3 Water Quality Management
- 2.1.3.4 Other
- 2.1.4 Other Applications
- 2.2 Demand Analysis Global Smart Farming Market (by Application)
3 Products
- 3.1 Global Smart Farming Market (by Product)
- 3.1.1 Hardware
- 3.1.1.1 Displays/Yield Monitors
- 3.1.1.2 Flow and Application Rate Control Valves
- 3.1.1.3 Farm Computers and Mobile Devices & Laptops
- 3.1.1.4 Agricultural Sensors
- 3.1.1.5 Guidance and Steering Systems
- 3.1.1.6 Others
- 3.1.2 Software
- 3.1.2.1 Software Type
- 3.1.2.1.1 Farm Operation Management
- 3.1.2.1.2 Hardware Control Application
- 3.1.2.1.3 Data and Predictive Analytics
- 3.2 Demand Analysis Global Smart Farming Market (by Product)
- 3.3 Patent Analysis
- 3.3.1 Patent Analysis (by Objective)
- 3.3.1.1 Patent Analysis (by Application)
- 3.3.2 Patent Analysis (by Organization)
- 3.3.3 Patent Analysis (by Patent Office)
- 3.4 Adoption Analysis
- 3.4.1 Trends in Agriculture Industry
- 3.4.2 Adoption Scenarios
- 3.5 Technology Roadmap
- 3.5.1 Timeline of Agricultural Evolution
- 3.6 Value Chain Analysis
4 Region
- 4.1 North America
- 4.1.1 Market
- 4.1.1.1 Key Companies in North America
- 4.1.1.2 Business Drivers
- 4.1.1.3 Business Challenges
- 4.1.2 Application
- 4.1.2.1 North America Smart Farming Market (by Application)
- 4.1.3 Product
- 4.1.3.1 North America Smart Farming Market (by Product)
- 4.1.4 North America Smart Farming Market (by Country)
- 4.1.4.1 U.S.
- 4.1.4.1.1 Market
- 4.1.4.1.1.1 Buyer Attributes
- 4.1.4.1.1.2 Business Challenges
- 4.1.4.1.1.3 Business Drivers
- 4.1.4.1.2 Application
- 4.1.4.1.2.1 U.S. Smart Farming Market (by Application), $Million, 2021-2027
- 4.1.4.1.3 Product
- 4.1.4.1.3.1 U.S. Smart Farming Market (by Product), $Million, 2021-2027
- 4.1.4.2 Canada
- 4.1.4.2.1 Market
- 4.1.4.2.1.1 Buyer Attributes
- 4.1.4.2.1.2 Business Challenges
- 4.1.4.2.1.3 Business Drivers
- 4.1.4.2.2 Application
- 4.1.4.2.2.1 Canada Smart Farming Market (by Application), $Million, 2021-2027
- 4.1.4.2.3 Product
- 4.1.4.2.3.1 Canada Smart Farming Market (by Product), $Million, 2021-2027
- 4.1.4.3 Mexico
- 4.1.4.3.1 Market
- 4.1.4.3.1.1 Buyer Attributes
- 4.1.4.3.1.2 Business Challenges
- 4.1.4.3.1.3 Business Drivers
- 4.1.4.3.2 Application
- 4.1.4.3.2.1 Mexico Smart Farming Market (by Application), $Million, 2021-2027
- 4.1.4.3.3 Product
- 4.1.4.3.3.1 Mexico Smart Farming Market (by Product), $Million, 2021-2027
- 4.2 Europe
- 4.2.1 Market
- 4.2.1.1 Buyer Attributes
- 4.2.1.2 Key Companies in Europe
- 4.2.1.3 Business Drivers
- 4.2.1.4 Business Challenges
- 4.2.2 Application
- 4.2.2.1 Europe Smart Farming Market (by Application)
- 4.2.3 Product
- 4.2.3.1 Europe Smart Farming Market (by Product)
- 4.2.4 Europe Smart Farming Market (by Country)
- 4.2.4.1 Germany
- 4.2.4.1.1 Market
- 4.2.4.1.1.1 Buyer Attributes
- 4.2.4.1.1.2 Business Challenges
- 4.2.4.1.1.3 Business Drivers
- 4.2.4.1.2 Application
- 4.2.4.1.2.1 Germany Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.1.3 Product
- 4.2.4.1.3.1 Germany Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.2 France
- 4.2.4.2.1 Market
- 4.2.4.2.1.1 Buyer Attributes
- 4.2.4.2.1.2 Business Challenges
- 4.2.4.2.1.3 Business Drivers
- 4.2.4.2.2 Application
- 4.2.4.2.2.1 France Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.2.3 Product
- 4.2.4.2.3.1 France Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.3 Netherlands
- 4.2.4.3.1 Market
- 4.2.4.3.1.1 Buyer Attributes
- 4.2.4.3.1.2 Business Challenges
- 4.2.4.3.1.3 Business Drivers
- 4.2.4.3.2 Application
- 4.2.4.3.2.1 Netherlands Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.3.3 Product
- 4.2.4.3.3.1 Netherlands Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.4 Italy
- 4.2.4.4.1 Market
- 4.2.4.4.1.1 Buyer Attributes
- 4.2.4.4.1.2 Business Challenges
- 4.2.4.4.1.3 Business Drivers
- 4.2.4.4.2 Application
- 4.2.4.4.2.1 Italy Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.4.3 Product
- 4.2.4.4.3.1 Italy Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.5 Spain
- 4.2.4.5.1 Market
- 4.2.4.5.1.1 Buyer Attributes
- 4.2.4.5.1.2 Business Challenges
- 4.2.4.5.1.3 Business Drivers
- 4.2.4.5.2 Application
- 4.2.4.5.2.1 Spain Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.5.3 Product
- 4.2.4.5.3.1 Spain Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.6 Greece
- 4.2.4.6.1 Market
- 4.2.4.6.1.1 Buyer Attributes
- 4.2.4.6.1.2 Business Challenges
- 4.2.4.6.1.3 Business Drivers
- 4.2.4.6.2 Application
- 4.2.4.6.2.1 Greece Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.6.3 Product
- 4.2.4.6.3.1 Greece Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.7 Switzerland
- 4.2.4.7.1 Market
- 4.2.4.7.1.1 Buyer Attributes
- 4.2.4.7.1.2 Business Challenges
- 4.2.4.7.1.3 Business Drivers
- 4.2.4.7.2 Application
- 4.2.4.7.2.1 Switzerland Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.7.3 Product
- 4.2.4.7.3.1 Switzerland Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.8 Ukraine
- 4.2.4.8.1 Market
- 4.2.4.8.1.1 Buyer Attributes
- 4.2.4.8.1.2 Business Challenges
- 4.2.4.8.1.3 Business Drivers
- 4.2.4.8.2 Application
- 4.2.4.8.2.1 Ukraine Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.8.3 Product
- 4.2.4.8.3.1 Ukraine Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.9 Belgium
- 4.2.4.9.1 Market
- 4.2.4.9.1.1 Buyer Attributes
- 4.2.4.9.1.2 Business Challenges
- 4.2.4.9.1.3 Business Drivers
- 4.2.4.9.2 Application
- 4.2.4.9.2.1 Belgium Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.9.3 Product
- 4.2.4.9.3.1 Belgium Smart Farming Market (by Product), $Million, 2021-2027
- 4.2.4.10 Rest-of-Europe
- 4.2.4.10.1 Market
- 4.2.4.10.1.1 Buyer Attributes
- 4.2.4.10.1.2 Business Challenges
- 4.2.4.10.1.3 Business Drivers
- 4.2.4.10.2 Application
- 4.2.4.10.2.1 Rest-of-Europe Smart Farming Market (by Application), $Million, 2021-2027
- 4.2.4.10.3 Product
- 4.2.4.10.3.1 Rest-of-Europe Smart Farming Market (by Product), $Million, 2021-2027
- 4.3 U.K.
- 4.3.1 Market
- 4.3.1.1 Buyer Attributes
- 4.3.1.2 Key Companies in the U.K.
- 4.3.1.3 Business Drivers
- 4.3.1.4 Business Challenges
- 4.3.2 Application
- 4.3.2.1 U.K. Smart Farming Market (by Application)
- 4.3.3 Product
- 4.3.3.1 U.K. Smart Farming Market (by Product)
- 4.4 China
- 4.4.1 Market
- 4.4.1.1 Buyer Attributes
- 4.4.1.2 Key Companies in China
- 4.4.1.3 Business Drivers
- 4.4.1.4 Business Challenges
- 4.4.2 Application
- 4.4.2.1 China Smart Farming Market (by Application)
- 4.4.3 Product
- 4.4.3.1 China Smart Farming Market (by Product)
- 4.5 Asia-Pacific
- 4.5.1 Market
- 4.5.1.1 Key Companies in Asia-Pacific
- 4.5.1.2 Buyer Attributes
- 4.5.1.3 Business Drivers
- 4.5.1.4 Business Challenges
- 4.5.2 Application
- 4.5.2.1 Asia-Pacific Smart Farming Market (by Application)
- 4.5.3 Product
- 4.5.3.1 Asia-Pacific Smart Farming Market (by Product)
- 4.5.4 Asia-Pacific Smart Farming Market (by Country)
- 4.5.4.1 Japan
- 4.5.4.1.1 Market
- 4.5.4.1.1.1 Buyer Attributes
- 4.5.4.1.1.2 Business Challenges
- 4.5.4.1.1.3 Business Drivers
- 4.5.4.1.2 Application
- 4.5.4.1.2.1 Japan Smart Farming Market (by Application), $Million, 2021-2027
- 4.5.4.1.3 Product
- 4.5.4.1.3.1 Japan Smart Farming Market (by Product), $Million, 2021-2027
- 4.5.4.2 India
- 4.5.4.2.1 Market
- 4.5.4.2.1.1 Buyer Attributes
- 4.5.4.2.1.2 Business Challenges
- 4.5.4.2.1.3 Business Drivers
- 4.5.4.2.2 Application
- 4.5.4.2.2.1 India Smart Farming Market (by Application), $Million, 2021-2027
- 4.5.4.2.3 Product
- 4.5.4.2.3.1 India Smart Farming Market (by Product), $Million, 2021-2027
- 4.5.4.3 Australia and New Zealand
- 4.5.4.3.1 Market
- 4.5.4.3.1.1 Buyer Attributes
- 4.5.4.3.1.2 Business Challenges
- 4.5.4.3.1.3 Business Drivers
- 4.5.4.3.2 Application
- 4.5.4.3.2.1 Australia and New Zealand Smart Farming Market (by Application), $Million, 2021-2027
- 4.5.4.3.3 Product
- 4.5.4.3.3.1 Australia and New Zealand Smart Farming Market (by Product), $Million, 2021-2027
- 4.5.4.4 Thailand
- 4.5.4.4.1 Market
- 4.5.4.4.1.1 Buyer Attributes
- 4.5.4.4.1.2 Business Challenges
- 4.5.4.4.1.3 Business Drivers
- 4.5.4.4.2 Application
- 4.5.4.4.2.1 Thailand Smart Farming Market (by Application), $Million, 2021-2027
- 4.5.4.4.3 Product
- 4.5.4.4.3.1 Thailand Smart Farming Market (by Product), $Million, 2021-2027
- 4.5.4.5 South Korea
- 4.5.4.5.1 Market
- 4.5.4.5.1.1 Buyer Attributes
- 4.5.4.5.1.2 Business Challenges
- 4.5.4.5.1.3 Business Drivers
- 4.5.4.5.2 Application
- 4.5.4.5.2.1 South Korea Smart Farming Market (by Application), $Million, 2021-2027
- 4.5.4.5.3 Product
- 4.5.4.5.3.1 South Korea Smart Farming Market (by Product), $Million, 2021-2027
- 4.5.4.6 Rest-of-Asia-Pacific
- 4.5.4.6.1 Market
- 4.5.4.6.1.1 Buyer Attributes
- 4.5.4.6.1.2 Business Challenges
- 4.5.4.6.1.3 Business Drivers
- 4.5.4.6.2 Application
- 4.5.4.6.2.1 Rest-of-Asia-Pacific Smart Farming Market (by Application), $Million, 2021-2027
- 4.5.4.6.3 Product
- 4.5.4.6.3.1 Rest-of-Asia-Pacific Smart Farming Market (by Product), $Million, 2021-2027
- 4.6 Middle East and Africa
- 4.6.1 Market
- 4.6.1.1 Buyer Attributes
- 4.6.1.2 Key Providers in the Middle East and Africa
- 4.6.1.3 Business Challenges
- 4.6.1.4 Business Drivers
- 4.6.2 Application
- 4.6.2.1 Middle East and Africa Smart Farming Market (by Application), $Million, 2021-2027
- 4.6.3 Product
- 4.6.3.1 Middle East and Africa Smart Farming Market (by Product), $Million, 2021-2027
- 4.6.4 Middle East and Africa (by Country)
- 4.6.4.1 Israel
- 4.6.4.1.1 Market
- 4.6.4.1.1.1 Buyer Attributes
- 4.6.4.1.1.2 Business Challenges
- 4.6.4.1.1.3 Business Drivers
- 4.6.4.1.2 Application
- 4.6.4.1.2.1 Israel Smart Farming Market (by Application), $Million, 2021-2027
- 4.6.4.1.3 Product
- 4.6.4.1.3.1 Israel Smart Farming Market (by Product), $Million, 2021-2027
- 4.6.4.2 South Africa
- 4.6.4.2.1 Market
- 4.6.4.2.1.1 Buyer Attributes
- 4.6.4.2.1.2 Business Challenges
- 4.6.4.2.1.3 Business Drivers
- 4.6.4.2.2 Application
- 4.6.4.2.2.1 South Africa Smart Farming Market (by Application), $Million, 2021-2027
- 4.6.4.2.3 Product
- 4.6.4.2.3.1 South Africa Smart Farming Market (by Product), $Million, 2021-2027
- 4.6.4.3 Turkey
- 4.6.4.3.1 Market
- 4.6.4.3.1.1 Buyer Attributes
- 4.6.4.3.1.2 Business Challenges
- 4.6.4.3.1.3 Business Drivers
- 4.6.4.3.2 Application
- 4.6.4.3.2.1 Turkey Smart Farming Market (by Application), $Million, 2021-2027
- 4.6.4.3.3 Product
- 4.6.4.3.3.1 Turkey Smart Farming Market (by Product), $Million, 2021-2027
- 4.6.4.4 Rest-of-Middle East and Africa
- 4.6.4.4.1 Market
- 4.6.4.4.1.1 Buyer Attributes
- 4.6.4.4.1.2 Business Challenges
- 4.6.4.4.1.3 Business Drivers
- 4.6.4.4.2 Application
- 4.6.4.4.2.1 Rest-of-Middle East and Africa Smart Farming Market (by Application), $Million, 2021-2027
- 4.6.4.4.3 Product
- 4.6.4.4.3.1 Rest-of-Middle East and Africa Smart Farming Market (by Product), $Million, 2021-2027
- 4.7 South America
- 4.7.1 Market
- 4.7.1.1 Buyer Attributes
- 4.7.1.2 Key Providers in South America
- 4.7.1.3 Business Challenges
- 4.7.1.4 Business Drivers
- 4.7.2 Application
- 4.7.2.1 South America Smart Farming Market (by Application), $Million, 2021-2027
- 4.7.3 Product
- 4.7.3.1 South America Smart Farming Market (by Product), $Million, 2021-2027
- 4.7.4 South America (by Country)
- 4.7.4.1 Brazil
- 4.7.4.1.1 Market
- 4.7.4.1.1.1 Buyer Attributes
- 4.7.4.1.1.2 Business Challenges
- 4.7.4.1.1.3 Business Drivers
- 4.7.4.1.2 Application
- 4.7.4.1.2.1 Brazil Smart Farming Market (by Application), $Million, 2021-2027
- 4.7.4.1.3 Product
- 4.7.4.1.3.1 Brazil Smart Farming Market (by Product), $Million, 2021-2027
- 4.7.4.2 Rest-of-South America
- 4.7.4.2.1 Market
- 4.7.4.2.1.1 Buyer Attributes
- 4.7.4.2.1.2 Business Challenges
- 4.7.4.2.1.3 Business Drivers
- 4.7.4.2.2 Application
- 4.7.4.2.2.1 Rest-of-South America Smart Farming Market (by Application), $Million, 2021-2027
- 4.7.4.2.3 Product
- 4.7.4.2.3.1 Rest-of-South America Smart Farming Market (by Product), $Million, 2021-2027
5 Markets - Competitive Benchmarking and Company Profiles
- 5.1 Competitive Benchmarking
- 5.1.1 Precision Farming Companies
- 5.1.2 Livestock Monitoring and Management Companies
- 5.2 Market Share Analysis
- 5.2.1 Market Share Analysis of Precision Farming Equipment Manufacturers
- 5.2.2 Market Share Analysis of Livestock Monitoring & Management Solutions Providers
- 5.3 Company Profiles
- 5.3.1 Precision Farming and Farm Management
- 5.3.1.1 Ag Leader Technology
- 5.3.1.1.1 Company Overview
- 5.3.1.1.2 Role of Ag Leader Technology in the Smart Farming Market
- 5.3.1.1.3 Pricing and Product Portfolio
- 5.3.1.1.3.1 Target Customers
- 5.3.1.1.4 Business Strategies
- 5.3.1.1.4.1 Product Developments
- 5.3.1.1.5 Analyst View
- 5.3.1.2 AGCO Corporation
- 5.3.1.2.1 Company Overview
- 5.3.1.2.2 Role of AGCO Corporation in the Smart Farming Market
- 5.3.1.2.3 Product Portfolio
- 5.3.1.2.3.1 Target Customers
- 5.3.1.2.3.2 Key Clients/Customers
- 5.3.1.2.4 Business Strategies
- 5.3.1.2.4.1 Product Developments
- 5.3.1.2.4.2 Market Development
- 5.3.1.2.5 Corporate Strategies
- 5.3.1.2.5.1 Mergers and Acquisitions
- 5.3.1.2.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.2.6 Analyst View
- 5.3.1.3 CNH Industrial N.V.
- 5.3.1.3.1 Company Overview
- 5.3.1.3.2 Role of CNH Industrial N.V. in the Smart Farming Market
- 5.3.1.3.3 Product Portfolio
- 5.3.1.3.3.1 Target Customers
- 5.3.1.3.4 Business Strategies
- 5.3.1.3.4.1 Product Developments
- 5.3.1.3.5 Corporate Strategies
- 5.3.1.3.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.3.6 Analyst View
- 5.3.1.4 Deere & Company
- 5.3.1.4.1 Company Overview
- 5.3.1.4.2 Role of Deere & Company in the Smart Farming Market
- 5.3.1.4.3 Product Portfolio
- 5.3.1.4.3.1 Target Customers
- 5.3.1.4.4 Business Strategies
- 5.3.1.4.4.1 Product Developments
- 5.3.1.4.5 Corporate Strategies
- 5.3.1.4.5.1 Mergers and Acquisitions
- 5.3.1.4.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.4.6 Analyst View
- 5.3.1.5 Hexagon Agriculture
- 5.3.1.5.1 Company Overview
- 5.3.1.5.2 Role of Hexagon Agriculture in the Smart Farming Market
- 5.3.1.5.3 Product Portfolio
- 5.3.1.5.3.1 Target Customers
- 5.3.1.5.4 Business Strategies
- 5.3.1.5.4.1 Product Developments
- 5.3.1.5.5 Corporate Strategies
- 5.3.1.5.5.1 Mergers and Acquisitions
- 5.3.1.5.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.5.6 Analyst View
- 5.3.1.6 Kubota Corporation
- 5.3.1.6.1 Company Overview
- 5.3.1.6.2 Role of Kubota Corporation in the Smart Farming Market
- 5.3.1.6.3 Product Portfolio
- 5.3.1.6.3.1 Target Customers
- 5.3.1.6.4 Business Strategies
- 5.3.1.6.4.1 Product Developments
- 5.3.1.6.4.2 Market Developments
- 5.3.1.6.5 Corporate Strategies
- 5.3.1.6.5.1 Mergers and Acquisitions
- 5.3.1.6.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.6.6 Analyst View
- 5.3.1.7 Climate LLC (Bayer AG)
- 5.3.1.7.1 Company Overview
- 5.3.1.7.1.1 Role of Climate LLC in the Smart Farming Market
- 5.3.1.7.1.2 Product Portfolio
- 5.3.1.7.1.3 Target Customers
- 5.3.1.7.1.4 Key Partners
- 5.3.1.7.2 Business Strategies
- 5.3.1.7.2.1 Product Developments
- 5.3.1.7.3 Corporate Strategies
- 5.3.1.7.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.7.4 Analyst View
- 5.3.1.8 Trimble Inc.
- 5.3.1.8.1 Company Overview
- 5.3.1.8.1.1 Role of Trimble Inc. in the Global Smart Farming Market
- 5.3.1.8.1.2 Product Portfolio
- 5.3.1.8.1.3 Target Customers
- 5.3.1.8.2 Business Strategies
- 5.3.1.8.2.1 Product Developments
- 5.3.1.8.3 Corporate Strategies
- 5.3.1.8.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.8.3.2 Merger and Acquisition
- 5.3.1.8.4 Analyst View
- 5.3.1.9 BASF SE
- 5.3.1.9.1 Company Overview
- 5.3.1.9.2 Role of BASF SE in the Global Smart Farming Market
- 5.3.1.9.3 Product Portfolio
- 5.3.1.9.3.1 Target Customers
- 5.3.1.9.3.2 Key Partners
- 5.3.1.9.4 Business Strategies
- 5.3.1.9.4.1 Product Developments
- 5.3.1.9.4.2 Market Developments
- 5.3.1.9.5 Corporate Strategies
- 5.3.1.9.5.1 Mergers and Acquisitions
- 5.3.1.9.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.9.6 Analyst View
- 5.3.1.10 CropX inc.
- 5.3.1.10.1 Company Overview
- 5.3.1.10.2 Role of CropX inc. in the Global Smart Farming Market
- 5.3.1.10.3 Product Portfolio
- 5.3.1.10.3.1 Target Customers
- 5.3.1.10.3.2 Key Partners
- 5.3.1.10.4 Business Strategies
- 5.3.1.10.4.1 Product Developments
- 5.3.1.10.5 Corporate Strategies
- 5.3.1.10.5.1 Partnerships, Collaborations, and Joint Ventures
- 5.3.1.10.5.2 Mergers and Acquisitions
- 5.3.1.10.6 Analyst View
- 5.3.1.11 Connecterra B.V.
- 5.3.1.11.1 Company Overview
- 5.3.1.11.1.1 Role of Connecterra B.V. in the Global Smart Farming Market
- 5.3.1.11.1.2 Product Portfolio
- 5.3.1.11.1.3 Target Customers
- 5.3.1.11.1.4 Key Clients
- 5.3.1.11.2 Business Strategies
- 5.3.1.11.2.1 Product Developments
- 5.3.1.11.3 Corporate Strategies
- 5.3.1.11.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.11.4 Analyst View
- 5.3.1.12 Naio Technologies
- 5.3.1.12.1 Company Overview
- 5.3.1.12.2 Role of Naio Technologies in the Smart Farming Market
- 5.3.1.12.3 Product Portfolio
- 5.3.1.12.3.1 Target Customers
- 5.3.1.12.4 Business Strategies
- 5.3.1.12.4.1 Product Developments
- 5.3.1.12.5 Corporate Strategies
- 5.3.1.12.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.1.12.6 Analyst View
- 5.3.1.13 DJI
- 5.3.1.13.1 Company Overview
- 5.3.1.13.2 Role of DJI in the Smart Farming Market
- 5.3.1.13.3 Product Portfolio
- 5.3.1.13.3.1 Target Customers
- 5.3.1.13.4 Analyst View
- 5.3.1.14 Signify Holding
- 5.3.1.14.1 Company Overview
- 5.3.1.14.2 Role of Signify Holding in the Smart Farming Market
- 5.3.1.14.3 Product Portfolio
- 5.3.1.14.3.1 Target Customers
- 5.3.1.14.4 Analyst View
- 5.3.1.15 Osram Licht AG
- 5.3.1.15.1 Company Overview
- 5.3.1.15.2 Role of Osram Licht AG in the Smart Farming Market
- 5.3.1.15.3 Product Portfolio
- 5.3.1.15.3.1 Target Customers
- 5.3.1.15.4 Business Strategies
- 5.3.1.15.4.1 Product Developments
- 5.3.1.15.5 Analyst View
- 5.3.2 Livestock Monitoring and Management
- 5.3.2.1 Afimilk Ltd.
- 5.3.2.1.1 Company Overview
- 5.3.2.1.2 Role of Afimilk Ltd. in the Smart Farming Market
- 5.3.2.1.3 Product Portfolio
- 5.3.2.1.3.1 Target Customers
- 5.3.2.1.4 Business Strategies
- 5.3.2.1.4.1 Product Developments
- 5.3.2.1.5 Corporate Strategies
- 5.3.2.1.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.2.1.6 Analyst View
- 5.3.2.2 Allflex USA Inc.
- 5.3.2.2.1 Company Overview
- 5.3.2.2.2 Role of Allflex USA Inc. in the Smart Farming Market
- 5.3.2.2.3 Product Portfolio
- 5.3.2.2.3.1 Target Customers
- 5.3.2.2.4 Business Strategies
- 5.3.2.2.4.1 Product Developments
- 5.3.2.2.5 Corporate Strategies
- 5.3.2.2.5.1 Mergers and Acquisitions
- 5.3.2.2.6 Analyst View
- 5.3.2.3 Nedap N.V.
- 5.3.2.3.1 Company Overview
- 5.3.2.3.2 Role of Nedap N.V. in the Smart Farming Market
- 5.3.2.3.3 Product Portfolio
- 5.3.2.3.3.1 Target Customers
- 5.3.2.3.3.2 Key Clients
- 5.3.2.3.4 Business Strategies
- 5.3.2.3.4.1 Product Developments
- 5.3.2.3.5 Analyst View
- 5.3.2.4 Cargill, Incorporated
- 5.3.2.4.1 Company Overview
- 5.3.2.4.1.1 Role of Cargill, Incorporated in the Global Smart Farming Market
- 5.3.2.4.1.2 Product Portfolio
- 5.3.2.4.1.3 Target Customers
- 5.3.2.4.1.4 Key Clients
- 5.3.2.4.2 Business Strategies
- 5.3.2.4.2.1 Product Developments
- 5.3.2.4.2.2 Business Expansion
- 5.3.2.4.3 Corporate Strategies
- 5.3.2.4.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.2.4.4 Analyst View
- 5.3.2.5 GEA Group Ag
- 5.3.2.5.1 Company Overview
- 5.3.2.5.1.1 Role of GEA Group Ag in the Global Smart Farming Market
- 5.3.2.5.1.2 Product Portfolio
- 5.3.2.5.1.3 Target Customers
- 5.3.2.5.1.4 Key Clients
- 5.3.2.5.2 Business Strategies
- 5.3.2.5.2.1 Product Developments
- 5.3.2.5.3 Corporate Strategies
- 5.3.2.5.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.2.5.4 Analyst View
- 5.3.3 Aquaculture
- 5.3.3.1 AKVA Group ASA
- 5.3.3.1.1 Company Overview
- 5.3.3.1.2 Role of AKVA Group ASA in the Smart Farming Market
- 5.3.3.1.3 Product Portfolio
- 5.3.3.1.3.1 Target Customers
- 5.3.3.1.4 Corporate Strategies
- 5.3.3.1.4.1 Mergers and Acquisitions
- 5.3.3.1.5 Analyst View
- 5.3.3.2 Eruvaka Technologies
- 5.3.3.2.1 Company Overview
- 5.3.3.2.2 Role of Eruvaka Technologies in the Smart Farming Market
- 5.3.3.2.3 Product Portfolio
- 5.3.3.2.3.1 Target Customers
- 5.3.3.2.4 Analyst View
- 5.3.3.3 AquaManager (Integrated Information Systems S.A.)
- 5.3.3.3.1 Company Overview
- 5.3.3.3.2 Role of AquaManager in the Smart Farming Market
- 5.3.3.3.3 Product Portfolio
- 5.3.3.3.3.1 Target Customers
- 5.3.3.3.3.2 Key Clients
- 5.3.3.3.4 Corporate Strategies
- 5.3.3.3.4.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.3.3.3.5 Analyst View
6 Research Methodology
- 6.1 Data Sources
- 6.1.1 Primary Data Sources
- 6.1.2 Secondary Data Sources
- 6.1.3 Data Triangulation
- 6.2 Market estimation and Forecast