Get yourself updated on key emerging technology markets

Know about our market intelligence coverage in key sectors

Product is added to your Wishlist
Global IoT In Agriculture Market

Global IoT in Agriculture Market – Analysis & Forecast- 2016 to 2022 (Focus on System Components; Tracking & Positioning, Monitoring & Detection, Telematics, Cloud Computing, Application & Region)

Food security is a major issue in the present global scenario, and especially so due to the increasing population day by day. Numerous research studies have discovered that the current food production volume needs to be doubled in order to suffice for the needs of the current burgeoning population. Furthermore, owing to the fact that natural resources such as land, water and labor are limited, agricultural productivity needs to be compounded to feed the masses.

SKU: AG008A
Published Year: 2017
 
 

Agriculture, being one of the most significant economic activities of a country, has gradually evolved from manual occupation to a highly mechanized practice in every aspect, including the data management practises. Reducing the technologies involved and the ease of their integration with the other devices is important to obtain a viable IoT system. Owing to the increasing emphasis on food security, growing adoption of ICT in agriculture, need of data management in agriculture, and growing popularity of UAVs & drones and precision agriculture, the IoT in agriculture market is expected to grow at a CAGR of over 16% in terms of market value through 2016 to 2022. 

The report is a compilation of the different systems, components, and applications of global IoT in agriculture market, including market breakdown by the application type, system type, and different geographical areas. Herein the revenue generated from each application type, namely:  yield monitoring, variable rate application, filed mapping, soil monitoring, crop scouting, precision irrigation, and livestock management; and system component type, namely: tracking & positioning systems (GPS Devices, Radio Frequency Indentification (RFID)), monitoring & detection systems (sensors, UAVs/ drones, autonomous vehicles & tractors), telematics systems (network communication technologies & standards & protocols), and cloud computing devices is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the IoT in agriculture market. It also includes the key participants involved in the industry at the relevant sections. 

The report addresses the following questions about the global IoT in agriculture market:
•    What are the different factors driving the market and how will the impact of those drivers change through the forecast period?
•    What are the major factors challenging the growth of global IoT in agriculture market and how can they be addressed throughout the forecast period?
•    How will the market players leverage on key developments such as acquisitions, partnerships, and product launches among others?
•    Which region will lead the global IoT in agriculture market by the end of the forecast period?
•    How much is the revenue generated by the key system components across different geographies? 
•    What are the prevalent application types and what is the market size for each of them?
•    What are the prevalent systems and the components used in these systems and what is the market size for each of them?
•    How will the overall competitive rivalry in the market evolve through the forecast period?

The report puts special emphasis on the market share of the system types in different geographies in IoT in agriculture market, owing to the increasing adoption of IoT technologies and techniques in agricultural activities. In spite of this, due to the lack of awareness in emerging economies, requirement of huge capital investment, lack of infrastructure and government support, a majority of potential new entrants resist from adopting IoT in agriculture and related technologies. The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This segment also focuses on key restraints and government framework regulating the IoT in agriculture market.

The competitive landscape segment provides a holistic view of the key strategies & developmental activities of the recent years. The most often used strategy for developing a better hold on to the market has been through product launches, followed by business expansion strategies. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions and proper analysis of each company’s strengths, weaknesses, opportunities and threats. 

Further, the report includes a comprehensive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.O.W.). Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region. The prominent players operating in the global IoT in agriculture market are AGCO Corporation, CNH Industrial, John Deere & Company, Lindsay Corporation, Raven Industries, and Trimble Navigation among others.

TABLE OF CONTENT
Executive Summary
1 Report Scope & Methodology
1.1 Scope of the Report
1.2 The IoT in Agriculture Market Research Methodology
1.2.1 Assumptions & Limitations
1.2.2 Primary Data Sources
1.2.3 Secondary Data Sources
2 Industry Analysis
2.1 Technology Transformation
2.2 IoT in Agriculture Ecosystem
2.3 Key Restraints in the IoT in Agriculture Market
2.4 Regulatory Framework Governing the IoT in Agriculture Market
3 Market Dynamics
3.1 Market Drivers
3.1.1 Increasing Emphasis on Food Security
3.1.2 Growing Adoption of ICT in Agriculture
3.1.3 Adoption of UAVs and Drones in Agriculture Applications
3.1.4 Growing Popularity of Precision Agriculture
3.1.5 Need of Data Management in Agriculture
3.2 Market Restraints
3.2.1 Huge Capital Investment
3.2.2 Lack of Awareness in Emerging Economies
3.2.3 Lack of Infrastructure
3.2.4 Data Accuracy and Reliability
3.2.5 Lack of Government Support
3.3 Market Opportunities
3.3.1 Opportunities in Developing Countries
3.3.2 Expansion of Smartphone Technology
4 Competitive Landscape
4.1 Key Market Developments & Strategies
4.1.1 Mergers & Acquisitions
4.1.2 Partnerships, Collaborations & Joint Ventures
4.1.3 Product Launches
4.1.4 Business Expansion
4.1.5 Others (Awards & Recognitions)
4.2 Industry Attractiveness
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat from Substitutes
4.2.5 Intensity of Competitive Rivalry
5 Global IoT in Agriculture Market by System
5.1 Assumptions & Limitations for Analysis and Forecast of the Global IoT in Agriculture Market
5.2 Market Overview
5.3 Tracking & Positioning Systems
5.3.1 GNSS/GPS Devices
5.3.2 RFID
5.4 Monitoring & Detection Systems
5.4.1 Wireless Sensor Network
5.4.2 UAVs/ Drones
5.4.3 Auto-steering & Autonomous Vehicles
5.5 Telematics Systems
5.5.1 Network Communication Technologies
5.5.2 Standards & Protocols
5.6 Cloud Computing
6 IoT in Agriculture Market By Application
6.1 Yield Monitoring
6.2 Variable Rate Application
6.3 Field Mapping
6.4 Soil Monitoring
6.5 Crop Scouting
6.6 Precision Irrigation
6.7 Livestock Management
6.8 Others
7 IoT in Agriculture Market by Geography
7.1 North America
7.1.1 The U.S.
7.1.2 Others
7.2 Europe
7.2.1 Germany
7.2.2 The U.K.
7.2.3 France
7.2.4 Rest of the Europe
7.3 Asia Pacific
7.3.1 Japan
7.3.2 China
7.3.3 India
7.3.4 Rest of APAC
7.4 Rest of the World
7.4.1 Middle East & Africa
7.4.2 South America
8 Company Profiles
8.1 AGCO Corporation
8.1.1 Company Overview
8.1.2 Financials
8.1.2.1 Financial Summary
8.1.3 SWOT Analysis
8.2 Agribotix
8.2.1 Company Overview
8.3 AG Junction
8.3.1 Company Overview
8.3.2 Financials
8.3.2.1 Financial Summary
8.3.3 SWOT Analysis
8.4 AG Leader Technology
8.4.1 Company Overview
8.5 AG-NAV INC.
8.5.1 Company Overview
8.6 aWhere
8.6.1 Company Overview
8.7 CNH Industrial
8.7.1 Company Overview
8.7.2 Financials
8.7.2.1 Financial Summary
8.7.3 SWOT Analysis
8.8 John Deere & Company
8.8.1 Company Overview
8.8.2 Financials
8.8.2.1 Financial Summary
8.8.3 SWOT Analysis
8.9 Farmers Edge
8.9.1 Company Overview
8.10 Lindsay Corporation
8.10.1 Company Overview
8.10.2 Financials
8.10.2.1 Financial Summary
8.10.3 SWOT Analysis
8.11 Monsanto
8.11.1 Company Overview
8.11.2 Financials
8.11.2.1 Financial Summary
8.11.3 SWOT Analysis
8.12 Precision Hawk
8.12.1 Company Overview
8.13 Raven Industries
8.13.1 Company Overview
8.13.2 Financials
8.13.2.1 Financial Summary
8.13.3 SWOT Analysis
8.14 Semios Technologies
8.14.1 Company Overview
8.15 SST Development Group Inc.
8.15.1 Company Overview
8.16 TeeJet Technologies
8.16.1 Company Overview
8.17 Topcon
8.17.1 Company Overview
8.17.2 Financials
8.17.2.1 Financial Summary
8.17.3 SWOT Analysis
8.18 Trimble Navigation
8.18.1 Company Overview
8.18.2 Financials
8.18.2.1 Financial Summary
8.18.3 SWOT Analysis
List of Tables
Table 2.1 Key Players in IoT in Agriculture Market
Table 2.2 Key Consortiums in IoT in Agriculture Market
Table 3.1 Present & Estimated Change in the Population in the Ten Most Populous Countries
Table 4.1 Key Mergers & Acquisitions (2014-16)
Table 4.2 Key Partnerships & Collaborations (2014-16)
Table 4.3 Key Launch Activities (2015-16)
Table 4.4 Key Business Expansion Activities (2015-16)
Table 4.5 Analysing the Threat of New Entrants
Table 4.6 Analysing Bargaining Power of Buyers
Table 4.7 Analysing the Bargaining Power of Suppliers
Table 4.8 Analysing the Threat from Substitutes
Table 4.9 Analysing the Intensity of Competitive Rivalry
Table 5.1 Global IoT in Agriculture Market by System, 2016-2022
Table 5.2 Market Players Providing GNSS/GPS Devices
Table 5.3 Developments Pertaining to Tracking and Positioning System in IoT in Agriculture Market
Table 5.4 Types of Sensors Used in Agriculture
Table 5.5 Market Players Providing Sensing Devices
Table 5.6 Developments Pertaining to Sensors in IoT in Agriculture Market
Table 5.7 Developments Pertaining to UAV in IoT in Agriculture Market
Table 5.8 Examples of Network Connections
Table 6.1 Global IoT in Agriculture Market by Application, 2016-2022
Table 6.2 Market Players Providing Yield Monitoring Products
Table 6.3 Market Players Providing VRA Products
Table 6.4 Market Players Providing Farm Mapping Products
Table 6.5 Market Players Providing Soil Monitoring Solutions
Table 6.6 Market Players Providing Crop Scouting Solutions
Table 6.7 Market Players Providing Precision Irrigation Products
Table 7.1 Global IoT in Agriculture Market by Geography, 2016-2022
Table 7.2 North America IoT in Agriculture Market by Country, 2016-2022
Table 7.3 Europe IoT in Agriculture Market by Country, 2016-2022
Table 7.4 Population Estimation of APAC
Table 7.5 APAC IoT in Agriculture Market by Country, 2016-2022
Table 7.6 R.O.W. IoT in Agriculture Market by Country, 2016-2022
List of Figures
Figure 1 Global IoT in Agriculture Market Snapshot
Figure 2 Global IoT in Agriculture Market by Application, 2016 and 2022
Figure 3 IoT in Agriculture Market by System (%) 2016 and 2022
Figure 4 IoT in Agriculture Market by Geography, 2016 and 2022
Figure 1.1 The IoT in Agriculture Market Scope
Figure 1.2 Top Down-Bottom Approach for Market Estimation
Figure 2.1 Technology Transformation in IoT in Agriculture
Figure 2.2 IoT in Agriculture Ecosystem
Figure 2.3 Key Restraints in the IoT in Agriculture Market
Figure 3.1 Market Dynamics
Figure 3.2 Impact Analysis of Drivers
Figure 3.3 Role of ICT in Agriculture
Figure 3.4 Need of Data Management by IoT
Figure 3.5 Impact Analysis of Restraints
Figure 3.6 Applications of Smartphones in Agriculture
Figure 4.1 Strategies Adopted by the Key Players
Figure 4.2 Share of Key Market Strategies & Developments
Figure 4.3 Porter’s Five Forces Analysis for the IoT in Agriculture Market
Figure 5.1 Global IoT in Agriculture Market by Systems
Figure 5.2 IoT in Agriculture Market by Systems, 2016 & 2022
Figure 5.3 Tracking & Positioning Systems by Geography
Figure 5.4 Drawback of Using RFID System on Cattle
Figure 5.5 Monitoring & Detection Systems by Geography
Figure 5.6 Challenges During Sensor Deployment
Figure 5.7 Advantages of UAVs/ Drones over Aerial Imaging Systems
Figure 5.8 Telematics Systems by Geography
Figure 5.9 Challenges During Network Deployment
Figure 5.10 Cloud Computing Systems by Geography
Figure 5.11 Applications of Agricultural Information Cloud
Figure 6.1 Global IoT in Agriculture Market by Application
Figure 6.2 IoT in Agriculture Market by Application, 2016 & 2022
Figure 7.1 IoT in Agriculture Market- Geographic Snapshot, 2016
Figure 7.2 Global IoT in Agriculture Market Size by Geography, 2016 & 2022
Figure 7.3 Prevalence of Food Insecurity in the U.S., 2015
Figure 7.4 North America IoT in Agriculture Market ($Million) by Country, 2016-2022
Figure 7.5 Europe IoT in Agriculture Market Size ($Million) by Country, 2016-2022
Figure 7.6 APAC IoT in Agriculture Market Size ($Million) by Country, 2016-2022
Figure 7.7 R.O.W. IoT in Agriculture Market Size ($Million) by Country, 2016-2022
Figure 8.1 AGCO Corporation: Overall Financials, 2013-15
Figure 8.2 AGCO Corporation: Geographic Revenue Mix, 2013-15
Figure 8.3 AGCO Corporation: Business Revenue Mix, 2013-15
Figure 8.4 AG Junction: Overall Financials, 2013-15
Figure 8.5 AG Junction: Geographic Revenue Mix, 2014-15
Figure 8.6 CNH Industrial: Overall Financials, 2013-15
Figure 8.7 CNH Industrial: Geographical Revenue Mix, 2013-15
Figure 8.8 CNH Industrial: Business Revenue Mix, 2013-15
Figure 8.9 Deere & Co.: Overall Financials, 2014-2016
Figure 8.10 Deere & Co.: Geographical Revenue Mix, 2014-16
Figure 8.11 Deere & Co.: Business Revenue Mix, 2014-16
Figure 8.12 Lindsay Corporation: Overall Financials, 2014-16
Figure 8.13 Lindsay Corporation: Geographical Revenue Mix, 2014-16
Figure 8.14 Lindsay Corporation: Business Revenue Mix, 2014-16
Figure 8.15 Monsanto: Overall Financials, 2014-16
Figure 8.16 Monsanto: Geographical Revenue Mix, 2014-16
Figure 8.17 Monsanto: Business Revenue Mix, 2014-16
Figure 8.18 Raven: Overall Financials, 2013-15
Figure 8.19 Raven: Business Revenue Mix, 2013-15
Figure 8.20 Raven: Geographic Revenue Mix, 2013-15
Figure 8.21 Topcon: Overall Financials, 2013-15 ($Million)
Figure 8.22 Topcon: Business Revenue Mix, 2013-15 ($Million)
Figure 8.23 Topcon: Geographic Revenue Mix, 2013-15 ($Million)
Figure 8.24 Trimble: Overall Financials, 2014-16
Figure 8.25 Trimble: Geographical Revenue Mix, 2014-16
Figure 8.26 Trimble: Business Revenue Mix, 2014-16

Food security is a major issue in the present global scenario, and especially so due to the increasing population day by day. Numerous research studies have discovered that the current food production volume needs to be doubled in order to suffice for the needs of the current burgeoning population. Furthermore, owing to the fact that natural resources such as land, water and labor are limited, agricultural productivity needs to be compounded to feed the masses. Adoption of automation and mechatronics, especially IoT technologies in farming operations is a colossal step towards contributing in ensuring production efficiency and sustainability. 

The IoT technologies have largely transformed the agriculture sector by providing adequate support systems, backed by real time data gathered by utilizing a number of modern technologies, and by maximizing the quality and quantity of agricultural produce along with the financial returns. IoT in agriculture is a system that connects different components and allows the user to have a multifaceted view of his farming operations and also assists in decision making. In other words, the major IoT technologies actively assist in collecting data regarding  crop and soil behavior, animal/ cattle conditions & their locations, agricultural machines, and inventory status, among others, with the combination of different technologies in one single system such as sensors, cloud computing, RFID tags, and data management software among others.  

The IoT in agriculture market is a combination of complex components, technologies and systems. Increasing emphasis on food security, growing adoption of ICT in agriculture, adoption of UAVs/ drones in agriculture applications, growing popularity of precision agriculture, and  need for  data management in agriculture are some of the factors responsible for the growth of this market. However, the market consists of certain challenges which are inhibiting the overall growth for the market, such as huge capital investment, lack of infrastructure, lack of awareness in emerging economies, and lack of government support.

Global IoT in Agriculture Market Snapshot 

Global IOT in Agriculture Market

BIS Research Analysis

The concept of IoT in agriculture market revolves around the types of applications and systems used for these applications. Yield monitoring, variable rate applications, field mapping, soil monitoring, crop scouting, precision irrigation, livestock management, and others are prevalent application types in this market. Yield monitoring applications of IoT in agriculture currently is leading the market, followed by the precision irrigation application, while the highest growth is expected in the revenue generated by crop scouting application of the IoT technologies in agriculture.

Proper integration of the system components and software of the whole IoT system is necessary to ensure efficient and effective agricultural operations. These cover all the major aspects from tracking & positioning systems (GPS devices, Radio Frequency Identification (RFID), monitoring & detection systems (sensors, UAVs/ drones, autonomous vehicles & tractors), telematics systems (network communication technologies & standards & protocols), and cloud computing devices. The contribution of monitoring and detection systems in the overall IoT in agriculture market is mostly attributable to the popularity of the components used in this system such as UAVs/ drones, sensors, Ag robots, and autonomous vehicles. Another component in IoT in agriculture market i.e. telematics devices, is expected to grow at the highest CAGR from 2016 to 2022 owing to the growing necessity of adopting standards and protocols and other network & communication technologies.

The major dynamic trends of IoT in agriculture varies with the geographical regions. The IoT in agriculture market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.O.W.). The market is dominated by North America due to increasing per capita income, and increased mechanization in the country. The U.S. has built a reputation for adopting technologies at a fast pace, thus, is one of the leading countries holding a major share in the IoT in agriculture market. Asia-Pacific (APAC) is second in this regard after North America and is expected to grow at the highest rate from 2016 to 2022 due to the growing population and rapid urbanization in most of the major countries of APAC.

The competitive landscape for the IoT in agriculture market demonstrates an inclination towards companies adopting strategies such as partnerships & collaborations, and business expansions, among others. Ag Leader Technology, Trimble Navigation, Ag Junction, SST Software, and John Deere & Co. were the most prominent names that surfaced in 2016 in this regard. These companies underwent a range of mergers & acquisitions and entered into various partnerships & collaborations.

Adoption of this technology requires coordination between different members of the value chain. No one member can serve all the purposes of the market, hence there has to be proper inter-connection between each domain. The increasing emphasis on food security and ICT in agriculture will generate a huge market for IoT in agriculture in the future. The rising demand in developing countries and expansion of the smartphone technologies are foreseen as viable opportunities for this market.

We understand that your business need specific answers pertaining to the market. And , therefore, we do provide customised research tailored to your need.

With the purchase of this report, you are entitled to certain degree of free customisation within the scope of the study.

Do get in touch to help us understand how we can serve u better with a custom solution to your research needs. We assure quick turnaround for your pressing business requirements.

Contact Information


Name *
Email *
 
Company Name *
Designation
 
 
Contact No. *
Other Details
 
 

Write the characters in the image above
 
 
* Required Fields

OUR HAPPY CLIENTS


related reports

 

OUR CLIENTS