Global Smart Farming Market: 2018-2022
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Global Smart Farming Market

Global Smart Farming Market: Focus on Solution (Hardware Systems, Software, Services), Application (Precision Crop Farming, Livestock Monitoring & Management, Indoor Farming, and Aquaculture) and Agricultural Robots – Analysis and Forecast (2018-2022)

Smart farming systems have applications which cover most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids).

SKU: AG033A
Published Year: 2018
 
 

Over the last decade, the global agricultural industry has witnessed a massive transformation owing to the increasing demand for sustainable farming practices. Rising global population and high income growth have resulted in growing concerns of food security across the world. Various agricultural start-ups and technology innovators are developing numerous sustainable farming systems. With the rapid employment of smart farming solutions, farmers are able to enhance production yield by increasing inputs and efficient management of farm enterprises. The advent of innovative farm management techniques has resulted into reduced energy consumption and overall cost-effective operations, owing to their more precise and resource-efficient approach. As a result, the smart farming industry is anticipated to progress, due to the ever growing affinity for more convenient and smart farming solutions than the traditional methods.

The market research study offers a wide perspective of the different types of solutions and applications pertaining to smart farming and analyzes its impact on the farming sector, by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players), and secondary research (a host of paid and unpaid databases), along with the analytical tools, that have been used to build the forecast, and the predictive models. The report is a compilation of various segmentations including market breakdown by solutions, applications, and region. Moreover, the report also consists of an additional section of agricultural robots for smart farming. Market segmentation of agricultural robots in smart farming on the basis of type and application has also been evaluated. The report highlights the key driving and restraining forces for this market as well as the market opportunities in different segments of smart farming, such as crop production, livestock management, indoor crop production, and aquatic species farming, among others.

The report answers the following questions about the global smart farming market:

•    What is the global smart farming market size in terms of revenue from 2017-2022 along with the growth rate during the forecast period 2018-2022?
•    What is the revenue generated by the different solutions such as hardware systems, software, and services for the smart farming market?
•    What is the market size of smart farming solutions for different applications including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others? 
•    What is the smart farming market size for different regions on the basis of various solutions and applications?
•    What are the key trends and opportunities in the market pertaining to countries included in different geographical regions?
•    How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of smart farming?
•    What are the major driving forces that are expected to increase the demand for smart farming during the forecast period?
•    What are the major challenges inhibiting the growth of the global smart farming market?
•    What kind of new strategies is being adopted by the existing market players to expand their market position in the industry?
•    What is the competitive strength of the key players in the smart farming market by analyzing their recent developments, product offerings, and regional presence?
•    How are agricultural robots transforming the contemporary farming practices?

The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the smart farming market by the players and government.

Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Each region details the individual push and pull forces in addition to the key players from that region. Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., Allflex Inc., Vertical Farm Systems, AeroFarms, Phillips Lighting, Osram Licht AG, Harvest Automation, and AKVA Group are some of the prominent players in the smart farming market.

    Executive Summary
   1   Market Dynamics
        1.1   Market Drivers
                1.1.1   Demand for Higher Crop Yield
                1.1.2   Growing Market-Penetration of Information and Communication Technologies in Farming
                1.1.3   Increasing Need for Climate-Smart Farming
                1.1.4   Increasing Dairy Farm Size
        1.2   Market Restraints
                1.2.1   High Initial Investment
                1.2.2   Lack of Awareness and Infrastructure in Emerging Economies
        1.3   Market Opportunities
                1.3.1   Increasing Market Opportunities in Developing Countries
                1.3.2   Increased Cloud Security
                1.3.3   Impact of 3D Printing on Farming
                1.3.4   Securing the Agriculture Value Chain with Blockchain
                1.3.5   Data Management with Big Data
 
   2   Competitive Landscape
        2.1   Key Market Developments and Strategies
                2.1.1   New Product Launching and Development
                2.1.2   Business Expansion and Contracts
                2.1.3   Partnerships, Collaborations, and Joint Ventures
                2.1.4   Mergers and Acquisitions
                2.1.5   Others (Awards and Recognitions)
        2.2   Market Share Analysis
                2.2.1   Market Share Analysis of Global Precision Crop Farming Market
                           2.2.1.1   Hardware Systems’ Manufacturer’s Share Analysis
                           2.2.1.2   Software Provider’s Share Analysis
                2.2.2   Market Share Analysis of Global Livestock Monitoring and Management Market
 
   3   Industry Analysis
        3.1   Industry Attractiveness
                3.1.1   Threat of New Entrants
                3.1.2   Bargaining Power of Buyers
                3.1.3   Bargaining Power of Suppliers
                3.1.4   Threat from Substitutes
                3.1.5   Intensity of Competitive Rivalry
        3.2   Opportunity Matrix
 
   4   Global Smart Farming Market (by Solution)
        4.1   Assumptions and Limitations for Analysis and Forecast of the Global Smart Farming Market
        4.2   Market Overview
                4.2.1   Hardware Systems
                           4.2.1.1   Automation and Control Systems
                                         4.2.1.1.1   Displays/Yield Monitors
                                         4.2.1.1.2   Flow and Application Rate Control Valves
                                         4.2.1.1.3   Handheld Computers/Mobile Devices
                                         4.2.1.1.4   Agricultural Cameras
                                         4.2.1.1.5  Others
                           4.2.1.2   Sensing and Navigation Systems
                                         4.2.1.2.1   Sensing Systems
                                         4.2.1.2.2   GPS/GNSS Systems
                                         4.2.1.2.3   Guidance and Steering Systems
                                         4.2.1.2.4   RFID Tags and Readers
                           4.2.1.3   Indoor Farming Equipment
                                         4.2.1.3.1   Climate Control Systems
                                         4.2.1.3.2   LED Grow Lights
                                         4.2.1.3.3   Others
                           4.2.1.4   Other Hardware Systems
                4.2.2   Software
                           4.2.2.1   On-Cloud Delivery Model
                           4.2.2.2   On-Premise Delivery Model
                4.2.3   Services
                           4.2.3.1   Integration and Deployment
                           4.2.3.2   Maintenance and Support
                           4.2.3.3   Other Services
 
    5   Agricultural Robots in Global Smart Farming Market
         5.1   Market Overview
         5.2   Agricultural Robots in Global Smart Farming Market (by Type)
                 5.2.1   Unmanned Aerial Vehicles (UAVs)/Drones
                 5.2.2   Milking Robots
                 5.2.3   Harvesting and Picking Robots
                 5.2.4   Others
        5.3    Agricultural Robots in Global Smart Farming Market (by Application)
                 5.3.1   Crop Management
                 5.3.2   Dairy Farm Management
                 5.3.3   Soil Management
                 5.3.4   Irrigation Management
                 5.3.5   Others
        5.4   Driverless Tractors – Upcoming Trend in Agricultural Robots
 
    6   Global Smart Farming Market (by Application)
         6.1   Precision Crop Farming
                 6.1.1   Precision Irrigation
                 6.1.2   Yield Monitoring and Forecasting
                 6.1.3   Variable Rate Application
                 6.1.4   Crop Scouting
                 6.1.5   Record Keeping
                 6.1.6   Other Types of Precision Crop Farming Application Area
         6.2   Livestock Monitoring and Management
                 6.2.1   Milk Harvesting
                 6.2.2   Animal Health Monitoring and Comfort
                 6.2.3   Feeding Management
                 6.2.4   Heat Stress and Fertility Monitoring
                 6.2.5   Other Types of Livestock Monitoring and Management Application Area
         6.3   Indoor Farming
                 6.3.1   HVAC Management
                 6.3.2   Lighting Management
                 6.3.3   Plant Development Monitoring
                 6.3.4   Other Types of Indoor Farming Application Area
         6.4   Aquaculture
                 6.4.1   Feed Management
                 6.4.2   Aquatic Species Tracking and Navigation
                 6.4.3   Water Quality Management
                 6.4.4   Other Types of Aquaculture Application Area
         6.5   Others
 
    7   Global Smart Farming Market (by Region)
         7.1   North America
                 7.1.1   North America (by Solution)
                 7.1.2   North America (by Application)
                 7.1.3   North America (by Country)
                            7.1.3.1   The U.S.
                            7.1.3.2   Canada
                            7.1.3.3   Mexico
         7.2   Europe
                 7.2.1   Europe(by Solution)
                 7.2.2   Europe (by Application)
                 7.2.3   Europe (by Country)
                            7.2.3.1   Germany
                            7.2.3.2   The U.K.
                            7.2.3.3   France
                            7.2.3.4   Italy
                            7.2.3.5   Spain
                            7.2.3.6   The Netherlands
                            7.2.3.7   Rest-of-Europe
         7.3   Asia-Pacific
                 7.3.1   Asia-Pacific (by Solution)
                 7.3.2   Asia-Pacific (by Application)
                 7.3.3   Asia-Pacific (by Country)
                            7.3.3.1   China
                            7.3.3.2   Japan
                            7.3.3.3   Australia and New Zealand (ANZ)
                            7.3.3.4   India
                            7.3.3.5   South Korea
                            7.3.3.6   Thailand
                            7.3.3.7   Rest-of-Asia-Pacific
         7.4   Rest-of-the-World (RoW)
                 7.4.1   Rest-of-the-World (RoW) (by Solution)
                 7.4.2   Rest-of-the-World (RoW) (by Application)
                 7.4.3   Rest-of-the-World (RoW) (by Country)
                            7.4.3.1   Brazil
                            7.4.3.2   Argentina
                            7.4.3.3   Israel
                            7.4.3.4   South Africa
                            7.4.3.5   Others
 
    8   Company Profiles
        Overview
        Precision Crop Farming and Farm Management
        8.1   Ag Leader Technology
                8.1.1   Company Overview
                8.1.2   Product Portfolio
                8.1.3   Corporate Summary
                8.1.4   SWOT Analysis
        8.2   AGCO Corporation
                8.2.1   Company Overview
                8.2.2   Product Portfolio
                8.2.3   Financials
                          8.2.3.1   Financial Summary
                8.2.4   SWOT Analysis
        8.3   CNH Industrial
                8.3.1   Company Overview
                8.3.2   Product Portfolio
                8.3.3   Financials
                           8.3.3.1   Financial Summary
                8.3.4   SWOT Analysis
        8.4   Deere and Company
                8.4.1   Company Overview
                8.4.2   Product Portfolio
                8.4.3   Financials
                           8.4.3.1   Financial Summary
                8.4.4   SWOT Analysis
        8.5   DICKEY-John
                8.5.1   Company Overview
                8.5.2   Product Portfolio
                8.5.3   Corporate Summary
                8.5.4   SWOT Analysis
        8.6   Raven Industries
                8.6.1   Company Overview
                8.6.2   Product Portfolio
                8.6.3   Financials
                           8.6.3.1   Financial Summary
                8.6.4   SWOT Analysis
        8.7   SST Development Group Inc.
                8.7.1   Company Overview
                8.7.2   Product Portfolio
                8.7.3   Corporate Summary
                8.7.4   SWOT Analysis
        8.8   The Climate Corporation
                 8.8.1   Company Overview
                 8.8.2   Product Portfolio
                 8.8.3   Corporate Summary
                 8.8.4   SWOT Analysis
         8.9   Topcon Corporation
                  8.9.1   Company Overview
                  8.9.2   Product Portfolio
                  8.9.3   Financials
                             8.9.3.1   Financial Summary
                  8.9.4   SWOT Analysis
         8.1   Trimble Inc.
                  8.10.1   Company Overview
                  8.10.2   Product Portfolio
                  8.10.3   Financials
                               8.10.3.1   Financial Summary
                  8.10.4   SWOT Analysis
Livestock Monitoring and Management
         8.11   Afimilk Ltd.
                  8.11.1   Company Overview
                  8.11.2   Product Portfolio
                  8.11.3   Corporate Summary
                  8.11.4   SWOT Analysis
        8.12   Allflex USA Inc.
                  8.12.1   Company Overview
                  8.12.2   Product Portfolio
                  8.12.3   Corporate Summary
                  8.12.4   SWOT Analysis
        8.13   Boumatic LLC
                  8.13.1   Company Overview
                  8.13.2   Product Portfolio
                  8.13.3   Corporate Summary
                  8.13.4   SWOT Analysis
        8.14   Dairymaster
                  8.14.1   Company Overview
                  8.14.2   Product Portfolio
                  8.14.3   Corporate Summary
                  8.14.4   SWOT Analysis
        8.15   DeLaval
                  8.15.1   Company Overview
                  8.15.2   Product Portfolio
                  8.15.3   Corporate Summary
                  8.15.4   SWOT Analysis
        8.16   Fullwood Ltd.
                  8.16.1   Company Overview
                  8.16.2   Product Portfolio
                  8.16.3   Corporate Summary
                  8.16.4   SWOT Analysis
Indoor Farming
        8.17   Cree Inc.
                  8.17.1   Company Overview
                  8.17.2   Product Portfolio
                  8.17.3   Financials
                               8.17.3.1   Financial Summary
                  8.17.4   SWOT Analysis
        8.18   General Hydroponics
                   8.18.1   Company Overview
                   8.18.2   Product Portfolio
                   8.18.3   Corporate Summary
                   8.18.4   SWOT Analysis
        8.19   Osram Licht AG
                  8.19.1   Company Overview
                  8.19.2   Product Portfolio
                  8.19.3   Financials
                               8.19.3.1   Financial Summary
                  8.19.4   SWOT Analysis
          8.2   Philips Lighting
                  8.20.1   Company Overview
                  8.20.2   Product Portfolio
                  8.20.3   Financials
                               8.20.3.1   Financial Summary
                  8.20.4   SWOT Analysis
Aquaculture
          8.21   AKVA Group ASA
                    8.21.1   Company Overview
                    8.21.2   Product Portfolio
                    8.21.3   Financials
                                 8.21.3.1   Financial Summary
                    8.21.4   SWOT Analysis
          8.22   Eruvaka Technologies
                    8.22.1   Company Overview
                    8.22.2   Product Portfolio
                    8.22.3   Corporate Summary
                    8.22.4   SWOT Analysis
          8.23   XpertSea
                    8.23.1   Company Overview
                    8.23.2   Product Portfolio
                    8.23.3   Corporate Summary
                    8.23.4   SWOT Analysis
Agricultural Robotics (Exclusive)
          8.24   3D Robotics
                    8.24.1   Company Overview
                    8.24.2   Product Portfolio
                    8.24.3   Corporate Summary
                    8.24.4   SWOT Analysis
          8.25   DJI Innovations
                    8.25.1   Company Overview
                    8.25.2   Product Portfolio
                    8.25.3   Corporate Summary
                    8.25.4   SWOT Analysis
 
    9   Research Scope and Methodology
         9.1   Report Scope
         9.2   Global Smart Farming Market Research Methodology
                 9.2.1   Assumptions
                 9.2.2   Limitations
                 9.2.3   Primary Data Sources
                 9.2.4   Secondary Data Sources
                 9.2.5   Data Triangulation
                 9.2.6   Market Estimation and Forecast
 
    10   Annexure A : List of Key Strategies and Developments (April 2015-April 2018)
 
 List of Tables
 
Table 3.1   Analyzing the Threat of New Entrants
Table 3.2   Analyzing Bargaining Power of Buyers
Table 3.3   Analyzing the Bargaining Power of Suppliers
Table 3.4   Analyzing the Threat from Substitutes
Table 3.5   Analyzing the Intensity of Competitive Rivalry
Table 4.1   Global Smart Farming Market (by Solution), 2017-2022
Table 4.2   Hardware Systems in Global Smart Farming Market (by Type), 2017-2022
Table 4.3   Displays/Yield Monitors by Key Companies
Table 4.4   Flow and Application Rate Control Valves by Key Companies
Table 4.5   Handheld Computers/Mobile Devices by Key Companies
Table 4.6   Agricultural Cameras by Key Companies
Table 4.7   Other Automation and Control Systems by Key Companies
Table 4.8   Sensing Systems by Key Companies
Table 4.9   GPS/GNSS Systems by Key Companies
Table 4.10   Guidance and Steering Systems by Key Companies
Table 4.11   RFID Tags and Readers by Key Companies
Table 4.12   Climate Control Systems by Key Companies
Table 4.13   LED Grow Lights by Key Companies
Table 4.14   Other Indoor Farming Equipment by Key Companies
Table 4.15   Other Hardware Systems by Key Companies
Table 4.16   Software by Key Companies
Table 4.17   Software in Global Smart Farming Market (by Delivery Model), 2017-2022
Table 4.18   Smart Farming Services Offered by Key Companies
Table 4.19   Services in Global Smart Farming Market, (by Type), 2017-2022
Table 5.1   Agricultural Robots in Global Smart Farming Market, (by Type), 2017-2022
Table 5.2   UAVs/Drones by Leading Companies for Smart Farming
Table 5.3   Milking Robots by Leading Companies for Smart Farming
Table 5.4   Harvesting and Picking Robots by Leading Companies for Smart Farming
Table 5.5   Other Agricultural Robots by Leading Companies for Smart Farming
Table 5.6   Agricultural Robots in Global Smart Farming Market (by Application), 2017-2022
Table 5.7   Driverless Tractors by Leading Companies for Smart Farming
Table 6.1   Global Smart Farming Market (by Application), 2017-2022
Table 6.2   Precision Crop Farming in Global Smart Farming Market, 2017-2022
Table 6.3   Precision Irrigation Products Launched by Key Companies
Table 6.4   Yield Monitoring and Forecasting Products by Key Companies
Table 6.5   Variable Rate Application Products by Key Companies
Table 6.6   Crop Scouting Products by Key Companies
Table 6.7   Record Keeping Products by Key Companies
Table 6.8   Other Precision Crop Farming Products by Key Companies
Table 6.9   Livestock Monitoring and Management in Global Smart Farming Market, 2017-2022
Table 6.10   Milk Harvesting Systems and Services by Key Companies
Table 6.11   Animal Health Monitoring and Comfort Systems and Services by Key Companies
Table 6.12   Feeding Management Solutions by Key Companies
Table 6.13   Heat Stress and Fertility Monitoring Solutions by Key Companies
Table 6.14   Indoor Farming in Global Smart Farming Market, 2017-2022
Table 6.15   HVAC Management Solutions by Key Companies
Table 6.16   Lighting Management Solutions by Key Companies
Table 6.17   Plant Development Monitoring Solutions by Key Companies
Table 6.18   Other Indoor Farming Solutions by Key Companies
Table 6.19   Aquaculture in Global Smart Farming Market, 2017-2022
Table 6.20   Feed Management Solutions by Key Companies
Table 6.21   Aquatic Species Tracking and Navigation Solutions by Key Companies
Table 6.22   Water Quality Management Solutions by Key Companies
Table 6.23   Other Aquaculture Solutions by Key Companies
Table 6.24   Products in Other Application Areas in Smart Farming Market
Table 7.1   Global Smart Farming Market (by Region), 2017-2022
Table 7.2   North America Smart Farming Market (by Solution), 2017-2022
Table 7.3   North America Smart Farming Market (by Application), 2017-2022
Table 7.4   North America Smart Farming Market (by Country), 2017-2022
Table 7.5   Europe Smart Farming Market (by Solution), 2017-2022
Table 7.6   Europe Smart Farming Market (by Application), 2017-2022
Table 7.7   Europe Smart Farming Market (by Country), 2017-2022
Table 7.8   Asia-Pacific Smart Farming Market (by Solution), 2017-2022
Table 7.9   Asia-Pacific Smart Farming Market (by Application), 2017-2022
Table 7.10   Asia-Pacific Smart Farming Market by Country, 2017-2022
Table 7.11   Rest-of-the-World (RoW) Smart Farming Market (by Solution), 2017-2022
Table 7.12   Rest-of-the-World (RoW) Smart Farming Market by Application, 2017-2021
Table 7.13   RoW Smart Farming Market by Country, 2017-2022
Table 8.1   AgLeader Technology : Product Portfolio
Table 8.2   AGCO Corporation: Product Portfolio
Table 8.3   CNH Industrial: Product Portfolio
Table 8.4   Deere and Company: Product Portfolio
Table 8.5   DICKEY-John : Product Portfolio
Table 8.6   Raven Industries Inc.: Product Portfolio
Table 8.7   SST Development Group : Product Portfolio
Table 8.8   The Climate Corporation : Product Portfolio
Table 8.9   Topcon Corporation: Product Portfolio
Table 8.10   Trimble Inc.: Product Portfolio
Table 8.11   Afimilk Ltd.: Product Portfolio
Table 8.12   Allflex Inc.: Product Portfolio
Table 8.13   Boumatic LLC: Product Portfolio
Table 8.14   Dairymaster: Product Portfolio
Table 8.15   DeLaval: Product Portfolio
Table 8.16   Fullwood Ltd.: Product Portfolio
Table 8.17   Cree Inc.: Product Portfolio
Table 8.18   Product Portfolio: General Hydroponics
Table 8.19   Osram Licht AG: Product Portfolio
Table 8.20   Philips Lighting: Product Portfolio
Table 8.21   AKVA Group: Product Portfolio
Table 8.22   Product Portfolio: Eruvaka Technologies
Table 8.23   Product Portfolio: XpertSea
Table 8.24   3D Robotics: Product Portfolio
Table 8.25   DJI Innovations: Product Portfolio

List of Figures

Figure 1   Macroeconomic Trends Impacting the Farming Industry Growth
Figure 2   Drivers and Restraints-Global Smart Farming Market
Figure 3   Global Smart Farming Market Snapshot
Figure 4   Global Smart Farming Market (by Solution), 2017 and 2022
Figure 5   Global Smart Farming Market (by Application), $Million 2017-2022
Figure 6   Global Smart Farming Market (by Region), 2017-2022
Figure 7   Global Smart Farming Market (by Country), 2017-2022
Figure 8   Agricultural Robots in Global Smart Farming Market (by Type and by Application), 2017 and 2022
Figure 1.1   Market Dynamics
Figure 1.2   Impact Analysis of Drivers
Figure 1.3   Global Average Yield (by Crop Types), 2001, 2006, 2011, and 2016 (hectogramme/hectare)
Figure 1.4   Role of ICT in Farming
Figure 1.5   Mean Temperature Change of Meteorological Year, 1961-2017 (Degree Celsius)
Figure 1.6   Projected Annual Growth Rate of Total Livestock Production, 2015-2030
Figure 1.7   Global Dairy Cow Numbers, 2011-2014
Figure 1.8   Impact Analysis of Restraints
Figure 1.9   Contribution of 3D Printing Applications, 2017 and 2022
Figure 1.10   Applications of Blockchain Technology in Agriculture
Figure 2.1   Strategies Adopted by the Key Players
Figure 2.2   Share of Key Market Strategies and Developments
Figure 2.3   Product Launches and Development Share (by Companies)
Figure 2.4   Business Expansion and Contracts Share (by Companies)
Figure 2.5   Partnerships, Collaborations, and Joint Ventures Share (by Companies)
Figure 2.6   Mergers and Acquisitions Share (by Companies)
Figure 2.7   Hardware Systems Manufacturers Market Share Analysis, 2017
Figure 2.8   Software Providers Market Share Analysis, 2017
Figure 2.9   Market Share Analysis of Leading Companies in Global Livestock Monitoring and Management Market, 2017 (%)
Figure 3.1   Porter’s Five Forces Analysis for the Smart Farming Market
Figure 3.2   Global Smart Farming Market Opportunity Matrix, (by Region), 2017-2022
Figure 4.1   Global Smart Farming Market (by Solution)
Figure 4.2   Global Smart Farming Market (by Solution), 2017, 2018, and 2022
Figure 4.3   Hardware Systems in Global Smart Farming Market, 2017-2022
Figure 4.4   Hardware Systems in Global Smart Farming Market (by Type), 2017, 2018 and 2022
Figure 4.5   Automation and Control Systems (by Type), 2017-2022
Figure 4.6   Hardware Systems in Global Smart Farming Market (Automation and Control Systems), 2017-2022
Figure 4.7   Sensing and Navigation Systems (by Type), 2017-2022
Figure 4.8   Hardware Systems in Global Smart Farming Market (Sensing and Navigation Systems), 2017-2022
Figure 4.9   Indoor Farming Equipment (by Type), 2017-2022
Figure 4.10   Hardware Systems in Global Smart Farming Market (Indoor Farming Equipment), 2017-2022
Figure 4.11   Other Hardware Systems Market in Global Smart Farming Market, 2017-2022
Figure 4.12   Software in Global Smart Farming Market, 2017-2022
Figure 4.13   Software in Global Smart Farming Market, By Delivery Type 2017, 2018 and 2022
Figure 4.14   Advantages of On-Cloud Delivery Model
Figure 4.15   Advantages of On-Premise Delivery Model
Figure 4.16   Services in Global Smart Farming Market, 2017-2022
Figure 4.17   Services in Global Smart Farming Market (by Type), 2017-2022
Figure 4.18   Services in Global Smart Farming Market, (by Type) 2017, 2018 and 2022
Figure 4.19   Services in Global Smart Farming Market (Integration and Deployment), 2017-2022
Figure 4.20   Services in Global Smart Farming Market (Maintenance and Support), 2017-2022
Figure 4.21   Services in Global Smart Farming Market (Others), 2017-2022
Figure 5.1   Agricultural Robots in Global Smart Farming Market, 2017-2022
Figure 5.2   Opportunities and Challenges for Agricultural Robots
Figure 5.3   Agricultural Robots in Global Smart Farming Market, 2017-2022
Figure 5.4   Agricultural Robots in Global Smart Farming Market (by Type), 2017, 2018, and 2022
Figure 5.5   Key Types of UAV/Drone
Figure 5.6   Major Applications of UAV/Drone for Smart Farming
Figure 5.7   Benefits of Milking Robots
Figure 5.8   Agricultural Robots in Global Smart Farming Market (by Application), 2017-2022
Figure 5.9   Agricultural Robots in Smart Farming Market (by Application), 2017, 2018, and 2022
Figure 5.10   Advantages of Driverless Tractors in Farming
Figure 6.1   Global Smart Farming Market (by Application Areas), 2017-2022
Figure 6.2   Global Smart Farming Market (by Application), 2017, 2018, and 2022
Figure 6.3   Precision Crop Farming Application Area (by Type), 2017-2022
Figure 6.4   Precision Crop Farming in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.5   Precision Crop Farming in Global Smart Farming Market (Precision Irrigation), 2017-2022
Figure 6.6   Precision Crop Farming in Global Smart Farming Market (Yield Monitoring and Forecasting), 2017-2022
Figure 6.7   Precision Crop Farming in Global Smart Farming Market (Variable Rate Application), 2017-2022
Figure 6.8   Precision Crop Farming in Global Smart Farming Market (Crop Scouting), 2017-2022
Figure 6.9   Importance of Record Keeping
Figure 6.10   Types of Records to be Kept
Figure 6.11   Precision Crop Farming in Global Smart Farming Market (Record Keeping), 2017-2022
Figure 6.12   Precision Crop Farming in Global Smart Farming Market (Others), 2017-2022
Figure 6.13   Livestock Monitoring and Management Application Area (by Type), 2017-2022
Figure 6.14   Livestock Monitoring and Management in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.15   Performance Factors of Milk Harvesting System
Figure 6.16   Livestock Monitoring and Management in Global Smart Farming Market (Milk Harvesting Application), 2017-2022
Figure 6.17   Global Milk Production, 2013-2016
Figure 6.18   Dairy Cow Population and Production in Key Economies, 2015
Figure 6.19   Livestock Monitoring and Management in Global Smart Farming Market (Animal Health Monitoring and Comfort), 2017-2022
Figure 6.20   Livestock Monitoring and Management in Global Smart Farming Market (Feeding Management), 2017-2022
Figure 6.21   Advantages of Liquid Feeding System Over Dry Feeding Systems
Figure 6.22   Livestock Monitoring and Management in Global Smart Farming Market (Heat Stress and Fertility Monitoring), 2017-2022
Figure 6.23   Livestock Monitoring and Management in Global Smart Farming Market (Others), 2017-2022
Figure 6.24   Indoor Farming Application Area (by Type), 2017-2022
Figure 6.25   Indoor Farming in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.26   Indoor Farming in Global Smart Farming Market (HVAC Management), 2017-2022
Figure 6.27   Indoor Farming in Global Smart Farming Market (Lighting Management), 2017-2022
Figure 6.28   Indoor Farming in Global Smart Farming Market (Plant Development Monitoring), 2017-2022
Figure 6.29   Indoor Farming in Global Smart Farming Market (Others), 2017-2022
Figure 6.30   Aquaculture Application Area (by Type), 2017-2022
Figure 6.31   Aquaculture in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.32   Aquaculture in Global Smart Farming Market (Feed Management), 2017-2022
Figure 6.33   Aquaculture in Global Smart Farming Market (Aquatic Species Tracking and Navigation), 2017-2022
Figure 6.34   Aquaculture in Global Smart Farming Market (Water Quality Management), 2017-2022
Figure 6.35   Aquaculture in Global Smart Farming Market (Others), 2017-2022
Figure 7.1   Global Smart Farming Market, Market Share and CAGR (by Region)
Figure 7.2   North America Smart Farming Market, 2017-2022
Figure 7.3   North America Smart Farming Market (by Solution), 2017, 2018, and 2022
Figure 7.4   North America Smart Farming Market (by Application), 2017-2022
Figure 7.5   North America Smart Farming Market (by Country), 2017-2022
Figure 7.6   Smartphone Market Penetration in the U.S., 2012-2016 (%)
Figure 7.7   The U.S. Smart Farming Market, 2017-2022
Figure 7.8   Average Farm Size and the Number of Farms in Canada, 2006, 2011, and 2016
Figure 7.9   Canada Smart Farming Market, 2017-2022
Figure 7.10   Mexico Smart Farming Market, 2017-2022
Figure 7.11   Europe Smart Farming Market, 2017-2022
Figure 7.12   Europe Smart Farming Market (by Solution) 2017, 2018, and 2022
Figure 7.13   Europe Smart Farming Market (by Application), 2017-2022
Figure 7.14   Europe Smart Farming Market (by Country), 2017-2022
Figure 7.15   Adoption Rate of Agricultural Innovations (by German Farmers), 2016 (%)
Figure 7.16   Germany Smart Farming Market, 2017-2022
Figure 7.17   The U.K. Smart Farming Technology Adoption Curve
Figure 7.18   The U.K. Smart Farming Market, 2017-2022
Figure 7.19   France Smart Farming Market, 2017-2022
Figure 7.20   Italy Smart Farming Market, 2017-2022
Figure 7.21   Spain Smart Farming Market, 2017-2022
Figure 7.22   The Netherlands Smart Farming Market, 2017-2022
Figure 7.23   Rest-of-Europe Smart Farming Market, 2017-2022
Figure 7.24   Asia-Pacific Smart Farming Market, 2017-2022
Figure 7.25   Asia-Pacific Smart Farming Market (by Solution), 2017-2022
Figure 7.26   Asia-Pacific Smart Farming Market (by Application), 2017-2022
Figure 7.27   Asia-Pacific Smart Farming Market (by Country), 2017-2022
Figure 7.28   Employment in Agriculture (Percentage of total employment) in China, 1991 and 2017
Figure 7.29   China Smart Farming Market, 2017-2022
Figure 7.30   Japan Smart Farming Market, 2017-2022
Figure 7.31   Australia and New Zealand Smart Farming Market, 2017-2022
Figure 7.32   Land under Cultivation in India, 2010-2013
Figure 7.33   India Smart Farming Market, 2017-2022
Figure 7.34   South Korea Smart Farming Market, 2017-2022
Figure 7.35   Thailand Smart Farming Market, 2017-2022
Figure 7.36   Rest-of-Asia-Pacific Smart Farming Market, 2017-2022
Figure 7.37   Rest-of-the-World (RoW) Smart Farming Market, 2017-2022
Figure 7.38   Rest-of-the-World (RoW) Smart Farming Market (by Solution), 2017-2022
Figure 7.39   Rest-of-the-World (RoW) Smart Farming Market by Application, 2017-2022
Figure 7.40   Brazil Smart Farming Market, 2017-2022
Figure 7.41   Argentina Smart Farming Market, 2017-2022
Figure 7.42   Israel Smart Farming Market, 2017-2022
Figure 7.43   South Africa Smart Farming Market, 2017-2022
Figure 7.44   Other Countries of RoW Smart Farming Market, 2017-2022
Figure 8.1   Share of Key Companies
Figure 8.2   Ag Leader Technology: SWOT Analysis
Figure 8.3   AGCO Corporation: Overall Financials, 2015-2017
Figure 8.4   AGCO Corporation: Net Revenue (by Region), 2015-2016
Figure 8.5   AGCO Corporation: Net Revenue (by Region), 2017
Figure 8.6   AGCO Corporation: Net Revenue by Business Segment, 2015-2017
Figure 8.7   AGCO Corporation: SWOT Analysis
Figure 8.8   CNH Industrial: Overall Financials, 2015-2017
Figure 8.9   CNH Industrial: Net Revenue (by Region), 2015-2017
Figure 8.10   CNH Industrial: Net Revenue by Business Segment, 2015-2017
Figure 8.11   CNH Industrial: SWOT Analysis
Figure 8.12   Deere and Company: Overall Financials, 2015-2017
Figure 8.13   Deere and Company: Net Revenue (by Region), 2015-2017
Figure 8.14   Deere and Company: Net Revenue by Business Segment, 2015-2017
Figure 8.15   Deere and Company: SWOT Analysis
Figure 8.16   DICKEY-John: SWOT Analysis
Figure 8.17   Raven Industries Inc.: Overall Financials, 2016-2018
Figure 8.18   Raven Industries Inc.: Net Revenue (by Region), 2016-2018
Figure 8.19   Raven Industries Inc.: Net Revenue by Business Segment, 2016-2018
Figure 8.20   Raven Industries Inc.: SWOT Analysis
Figure 8.21   SST Development Group, Inc.: SWOT Analysis
Figure 8.22   The Climate Corporation: SWOT Analysis
Figure 8.23   Topcon Corporation: Overall Financials, 2015-2017
Figure 8.24   Topcon Corporation: Net Revenue (by Region), 2015-2017
Figure 8.25   Topcon Corporation: Net Revenue by Business Segment, 2015-2017
Figure 8.26   Topcon Corporation: SWOT Analysis
Figure 8.27   Trimble Inc.: Overall Financials, 2015-2017
Figure 8.28   Trimble Inc.: Net Revenue (by Region), 2015-2017
Figure 8.29   Trimble Inc.: Net Revenue by Business Segment, 2015-2016
Figure 8.30   Trimble Inc.: Net Revenue by Business Segment, 2017
Figure 8.31   Trimble Inc.: SWOT Analysis
Figure 8.32   Afimilk Ltd.: SWOT Analysis
Figure 8.33   Allflex Inc.: SWOT Analysis
Figure 8.34   Boumatic LLC: SWOT Analysis
Figure 8.35   Dairymaster: SWOT Analysis
Figure 8.36   DeLaval: SWOT Analysis
Figure 8.37   Fullwood Ltd.: SWOT Analysis
Figure 8.38   Cree Inc.: Overall Financials, 2015-2017
Figure 8.39   Cree Inc.: Net Revenue by Business Segment, 2015-2017
Figure 8.40   Cree Inc.: Net Revenue (by Region), 2015-2017
Figure 8.41   Cree Inc.: SWOT Analysis
Figure 8.42   General Hydroponics: SWOT Analysis
Figure 8.43   Osram Licht AG: Overall Financials, 2015-2017
Figure 8.44   Osram Licht AG: Net Revenue (by Region), 2015-2017
Figure 8.45   Osram Licht AG: Net Revenue by Business Segment, 2015-2017
Figure 8.46   Osram Licht AG: SWOT Analysis
Figure 8.47   Philips Lighting: Overall Financials, 2015-2017
Figure 8.48   Philips Lighting: Net Revenue (by Region), 2015-2017
Figure 8.49   Philips Lighting: Net Revenue (by Business Segment), 2015-2017
Figure 8.50   Philips Lighting: SWOT Analysis
Figure 8.51   AKVA Group: Overall Financials, 2015-2017
Figure 8.52   AKVA Group: Net Revenue (by Region), 2015-2017
Figure 8.53   AKVA Group: Net Revenue (by Business Segment), 2015-2017
Figure 8.54   AKVA Group: SWOT Analysis
Figure 8.55   Eruvaka Technologies: SWOT Analysis
Figure 8.56   Xpert Sea: SWOT Analysis
Figure 8.57   3D Robotics: SWOT Analysis
Figure 8.58   DJI Innovations: SWOT Analysis
Figure 9.1   Smart Farming Market Scope
Figure 9.2   Report Design
Figure 9.3   Primary Interview Breakdown, by Companies, Designation, and Region
Figure 9.4   Sources of Secondary Research
Figure 9.5   Data Triangulation
Figure 9.6   Top-Down and Bottom-Up Approach

Farm productivity across the globe has been significantly increasing since the last decade. With the exponential growth of world population, subsequent rise in the global demand for food, shrinking agricultural lands, and depletion of finite natural resources, the need to enhance farm yield has become critical. The increase in urban population in developing countries with the enhancement of quality of living due to high income levels and the demand for fresh crop produce and animal protein are boosting the demand for crop production. Limited availability of natural resources such as fresh water and arable land along with slowing yield trends in several staple crops, have prompted growers and companies in the farming sector to introduce innovative and advanced smart farming techniques for increasing farm profitability.

The farming industry has witnessed numerous revolutions over decades starting from the domestication of livestock and crops to the organized use of crop rotation using new farming techniques. This was followed by the large-scale usage of fertilizers and pesticide and systematic breeding called as the green revolution. Finally, with the introduction of Information and Communication Technologies (ICT) in farming since the last decade, the farming industry has been witnessing another revolutionary phase. Broadly, utilization of internet of things (IoT) technologies by integrating them into smart farming equipment reduced exploitation of resources and offered site-specific farming. These technological advancements in the farming practices and equipment represent a technological revolution which has the potential to create disruptive changes in the farming industry. Utilization of technology to make farming efficient and cost-effective with reduced negative impact on environment is termed as smart farming.

Figure 1
Global Smart Farming Market Snapshot

Global Smart Farming Market Snapshot

Source: Secondary Research, Expert Interviews, and BIS Research Analysis

The smart farming market is projected to grow significantly during the forecast period from 2017 to 2022 with a robust growth rate. High growth in the market is expected to be driven by the need to apply site-specific farming and variable rate application of raw materials and resources as per the requirements. Deployment of automation and control systems to steer the application of agricultural inputs along with sensing systems to monitor the need is expected to be crucial to augment the growth of the market. Smart farming is also expected to reduce the ecological footprint of daily farming. In emerging countries, growth is expected to be driven by rising awareness among the governments of different countries about the need to elevate farm produce in an environment-friendly manner.

The smart farming market encompasses a wide array of solutions such as hardware systems, software, and services. Hardware systems involve a system that combines the equipment supported by the software solutions. Additionally, these hardware systems comprise automation and control systems, sensing and navigation systems, and indoor farming equipment, among others. In 2017, the major market share of the total smart farming market was held hardware systems, followed by the software products. Moreover, the smart farming market for the services segment is expected to display an optimistic growth. A lack of technical expertise among the stockman has resulted in an increasing demand for the smart farming services especially the integration and deployment of farm equipment, wherein, the companies provide full-range solutions for farm management starting from installation to farm record keeping.

Smart farming systems have applications which cover most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids). Precision crop farming application area accounted for the largest share of the total revenue generated by smart farming solutions in 2017. With growing need for appropriate usage of agricultural inputs, variable rate application products in the market are expected to propagate further growth of precision crop farming in the smart farming market in the coming five years. During the forecast period, livestock monitoring and management and indoor farming application areas are expected to witness high market growth. Smart farming solutions are also offered for multiple aquaculture application types including feed management, aquatic species tracking and navigation, and water quality management, among others, whereas indoor farming application areas are expected to display the highest growth rates. Indoor farming application types comprise HVAC management, lighting management, and plant development monitoring, among others.

The trends of the smart farming market vary across different geographical regions. The smart farming market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). Presently, North America is at the forefront of the global smart farming market, with high market penetration in the U.S. However, Mexico is expected to have the highest market growth in the coming five years. Moreover, the Asia-Pacific region presents immense scope for market development, owing to the increasing urban population size and growing market penetration of internet in farm management and favourable government investments.

Decreasing agricultural labor in most number of countries is prompting farmers to turn to automated farming systems and agricultural robots. With companies investing heavily in robotic systems and rolling out new products regularly, agricultural robots are expected to exponentially augment the growth of the global smart farming market. Amongst UAVs/drones, harvesting and picking robots, milking robots, and other robots, UAVs/drones generated the highest revenue in 2017. It is also expected to grow with the highest growth rate during the forecast period due to its increasing product applications. In 2017, the maximum robot deployment was done for crop management.

The competitive landscape for the smart farming market demonstrates an inclination toward companies adopting strategies such as product launch and development and business expansions and contracts. The major established players in the market are focusing on product launches and developments to introduce new technologies or developing further on the existing product portfolio. Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., Allflex Inc., Vertical Farm Systems, AeroFarms, Phillips Lighting, Osram Licht AG, Harvest Automation, and AKVA Group, are some of the prominent players in the smart farming market. The market is highly fragmented with the presence of a huge number of small-sized to medium-sized companies that compete with each other and the large enterprises.

Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes and favorable trade policies are putting in substantial efforts to identify the benefits of these smart farming solutions for augmenting global food production. The need for sophisticated smart farming techniques is necessary to bridge the demand and supply gap along with attaining sustainability in the production.

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Over the last decade, the global agricultural industry has witnessed a massive transformation owing to the increasing demand for sustainable farming practices. Rising global population and high income growth have resulted in growing concerns of food security across the world. Various agricultural start-ups and technology innovators are developing numerous sustainable farming systems. With the rapid employment of smart farming solutions, farmers are able to enhance production yield by increasing inputs and efficient management of farm enterprises. The advent of innovative farm management techniques has resulted into reduced energy consumption and overall cost-effective operations, owing to their more precise and resource-efficient approach. As a result, the smart farming industry is anticipated to progress, due to the ever growing affinity for more convenient and smart farming solutions than the traditional methods.

The market research study offers a wide perspective of the different types of solutions and applications pertaining to smart farming and analyzes its impact on the farming sector, by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players), and secondary research (a host of paid and unpaid databases), along with the analytical tools, that have been used to build the forecast, and the predictive models. The report is a compilation of various segmentations including market breakdown by solutions, applications, and region. Moreover, the report also consists of an additional section of agricultural robots for smart farming. Market segmentation of agricultural robots in smart farming on the basis of type and application has also been evaluated. The report highlights the key driving and restraining forces for this market as well as the market opportunities in different segments of smart farming, such as crop production, livestock management, indoor crop production, and aquatic species farming, among others.

The report answers the following questions about the global smart farming market:

•    What is the global smart farming market size in terms of revenue from 2017-2022 along with the growth rate during the forecast period 2018-2022?
•    What is the revenue generated by the different solutions such as hardware systems, software, and services for the smart farming market?
•    What is the market size of smart farming solutions for different applications including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others? 
•    What is the smart farming market size for different regions on the basis of various solutions and applications?
•    What are the key trends and opportunities in the market pertaining to countries included in different geographical regions?
•    How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of smart farming?
•    What are the major driving forces that are expected to increase the demand for smart farming during the forecast period?
•    What are the major challenges inhibiting the growth of the global smart farming market?
•    What kind of new strategies is being adopted by the existing market players to expand their market position in the industry?
•    What is the competitive strength of the key players in the smart farming market by analyzing their recent developments, product offerings, and regional presence?
•    How are agricultural robots transforming the contemporary farming practices?

The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the smart farming market by the players and government.

Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Each region details the individual push and pull forces in addition to the key players from that region. Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., Allflex Inc., Vertical Farm Systems, AeroFarms, Phillips Lighting, Osram Licht AG, Harvest Automation, and AKVA Group are some of the prominent players in the smart farming market.

    Executive Summary
   1   Market Dynamics
        1.1   Market Drivers
                1.1.1   Demand for Higher Crop Yield
                1.1.2   Growing Market-Penetration of Information and Communication Technologies in Farming
                1.1.3   Increasing Need for Climate-Smart Farming
                1.1.4   Increasing Dairy Farm Size
        1.2   Market Restraints
                1.2.1   High Initial Investment
                1.2.2   Lack of Awareness and Infrastructure in Emerging Economies
        1.3   Market Opportunities
                1.3.1   Increasing Market Opportunities in Developing Countries
                1.3.2   Increased Cloud Security
                1.3.3   Impact of 3D Printing on Farming
                1.3.4   Securing the Agriculture Value Chain with Blockchain
                1.3.5   Data Management with Big Data
 
   2   Competitive Landscape
        2.1   Key Market Developments and Strategies
                2.1.1   New Product Launching and Development
                2.1.2   Business Expansion and Contracts
                2.1.3   Partnerships, Collaborations, and Joint Ventures
                2.1.4   Mergers and Acquisitions
                2.1.5   Others (Awards and Recognitions)
        2.2   Market Share Analysis
                2.2.1   Market Share Analysis of Global Precision Crop Farming Market
                           2.2.1.1   Hardware Systems’ Manufacturer’s Share Analysis
                           2.2.1.2   Software Provider’s Share Analysis
                2.2.2   Market Share Analysis of Global Livestock Monitoring and Management Market
 
   3   Industry Analysis
        3.1   Industry Attractiveness
                3.1.1   Threat of New Entrants
                3.1.2   Bargaining Power of Buyers
                3.1.3   Bargaining Power of Suppliers
                3.1.4   Threat from Substitutes
                3.1.5   Intensity of Competitive Rivalry
        3.2   Opportunity Matrix
 
   4   Global Smart Farming Market (by Solution)
        4.1   Assumptions and Limitations for Analysis and Forecast of the Global Smart Farming Market
        4.2   Market Overview
                4.2.1   Hardware Systems
                           4.2.1.1   Automation and Control Systems
                                         4.2.1.1.1   Displays/Yield Monitors
                                         4.2.1.1.2   Flow and Application Rate Control Valves
                                         4.2.1.1.3   Handheld Computers/Mobile Devices
                                         4.2.1.1.4   Agricultural Cameras
                                         4.2.1.1.5  Others
                           4.2.1.2   Sensing and Navigation Systems
                                         4.2.1.2.1   Sensing Systems
                                         4.2.1.2.2   GPS/GNSS Systems
                                         4.2.1.2.3   Guidance and Steering Systems
                                         4.2.1.2.4   RFID Tags and Readers
                           4.2.1.3   Indoor Farming Equipment
                                         4.2.1.3.1   Climate Control Systems
                                         4.2.1.3.2   LED Grow Lights
                                         4.2.1.3.3   Others
                           4.2.1.4   Other Hardware Systems
                4.2.2   Software
                           4.2.2.1   On-Cloud Delivery Model
                           4.2.2.2   On-Premise Delivery Model
                4.2.3   Services
                           4.2.3.1   Integration and Deployment
                           4.2.3.2   Maintenance and Support
                           4.2.3.3   Other Services
 
    5   Agricultural Robots in Global Smart Farming Market
         5.1   Market Overview
         5.2   Agricultural Robots in Global Smart Farming Market (by Type)
                 5.2.1   Unmanned Aerial Vehicles (UAVs)/Drones
                 5.2.2   Milking Robots
                 5.2.3   Harvesting and Picking Robots
                 5.2.4   Others
        5.3    Agricultural Robots in Global Smart Farming Market (by Application)
                 5.3.1   Crop Management
                 5.3.2   Dairy Farm Management
                 5.3.3   Soil Management
                 5.3.4   Irrigation Management
                 5.3.5   Others
        5.4   Driverless Tractors – Upcoming Trend in Agricultural Robots
 
    6   Global Smart Farming Market (by Application)
         6.1   Precision Crop Farming
                 6.1.1   Precision Irrigation
                 6.1.2   Yield Monitoring and Forecasting
                 6.1.3   Variable Rate Application
                 6.1.4   Crop Scouting
                 6.1.5   Record Keeping
                 6.1.6   Other Types of Precision Crop Farming Application Area
         6.2   Livestock Monitoring and Management
                 6.2.1   Milk Harvesting
                 6.2.2   Animal Health Monitoring and Comfort
                 6.2.3   Feeding Management
                 6.2.4   Heat Stress and Fertility Monitoring
                 6.2.5   Other Types of Livestock Monitoring and Management Application Area
         6.3   Indoor Farming
                 6.3.1   HVAC Management
                 6.3.2   Lighting Management
                 6.3.3   Plant Development Monitoring
                 6.3.4   Other Types of Indoor Farming Application Area
         6.4   Aquaculture
                 6.4.1   Feed Management
                 6.4.2   Aquatic Species Tracking and Navigation
                 6.4.3   Water Quality Management
                 6.4.4   Other Types of Aquaculture Application Area
         6.5   Others
 
    7   Global Smart Farming Market (by Region)
         7.1   North America
                 7.1.1   North America (by Solution)
                 7.1.2   North America (by Application)
                 7.1.3   North America (by Country)
                            7.1.3.1   The U.S.
                            7.1.3.2   Canada
                            7.1.3.3   Mexico
         7.2   Europe
                 7.2.1   Europe(by Solution)
                 7.2.2   Europe (by Application)
                 7.2.3   Europe (by Country)
                            7.2.3.1   Germany
                            7.2.3.2   The U.K.
                            7.2.3.3   France
                            7.2.3.4   Italy
                            7.2.3.5   Spain
                            7.2.3.6   The Netherlands
                            7.2.3.7   Rest-of-Europe
         7.3   Asia-Pacific
                 7.3.1   Asia-Pacific (by Solution)
                 7.3.2   Asia-Pacific (by Application)
                 7.3.3   Asia-Pacific (by Country)
                            7.3.3.1   China
                            7.3.3.2   Japan
                            7.3.3.3   Australia and New Zealand (ANZ)
                            7.3.3.4   India
                            7.3.3.5   South Korea
                            7.3.3.6   Thailand
                            7.3.3.7   Rest-of-Asia-Pacific
         7.4   Rest-of-the-World (RoW)
                 7.4.1   Rest-of-the-World (RoW) (by Solution)
                 7.4.2   Rest-of-the-World (RoW) (by Application)
                 7.4.3   Rest-of-the-World (RoW) (by Country)
                            7.4.3.1   Brazil
                            7.4.3.2   Argentina
                            7.4.3.3   Israel
                            7.4.3.4   South Africa
                            7.4.3.5   Others
 
    8   Company Profiles
        Overview
        Precision Crop Farming and Farm Management
        8.1   Ag Leader Technology
                8.1.1   Company Overview
                8.1.2   Product Portfolio
                8.1.3   Corporate Summary
                8.1.4   SWOT Analysis
        8.2   AGCO Corporation
                8.2.1   Company Overview
                8.2.2   Product Portfolio
                8.2.3   Financials
                          8.2.3.1   Financial Summary
                8.2.4   SWOT Analysis
        8.3   CNH Industrial
                8.3.1   Company Overview
                8.3.2   Product Portfolio
                8.3.3   Financials
                           8.3.3.1   Financial Summary
                8.3.4   SWOT Analysis
        8.4   Deere and Company
                8.4.1   Company Overview
                8.4.2   Product Portfolio
                8.4.3   Financials
                           8.4.3.1   Financial Summary
                8.4.4   SWOT Analysis
        8.5   DICKEY-John
                8.5.1   Company Overview
                8.5.2   Product Portfolio
                8.5.3   Corporate Summary
                8.5.4   SWOT Analysis
        8.6   Raven Industries
                8.6.1   Company Overview
                8.6.2   Product Portfolio
                8.6.3   Financials
                           8.6.3.1   Financial Summary
                8.6.4   SWOT Analysis
        8.7   SST Development Group Inc.
                8.7.1   Company Overview
                8.7.2   Product Portfolio
                8.7.3   Corporate Summary
                8.7.4   SWOT Analysis
        8.8   The Climate Corporation
                 8.8.1   Company Overview
                 8.8.2   Product Portfolio
                 8.8.3   Corporate Summary
                 8.8.4   SWOT Analysis
         8.9   Topcon Corporation
                  8.9.1   Company Overview
                  8.9.2   Product Portfolio
                  8.9.3   Financials
                             8.9.3.1   Financial Summary
                  8.9.4   SWOT Analysis
         8.1   Trimble Inc.
                  8.10.1   Company Overview
                  8.10.2   Product Portfolio
                  8.10.3   Financials
                               8.10.3.1   Financial Summary
                  8.10.4   SWOT Analysis
Livestock Monitoring and Management
         8.11   Afimilk Ltd.
                  8.11.1   Company Overview
                  8.11.2   Product Portfolio
                  8.11.3   Corporate Summary
                  8.11.4   SWOT Analysis
        8.12   Allflex USA Inc.
                  8.12.1   Company Overview
                  8.12.2   Product Portfolio
                  8.12.3   Corporate Summary
                  8.12.4   SWOT Analysis
        8.13   Boumatic LLC
                  8.13.1   Company Overview
                  8.13.2   Product Portfolio
                  8.13.3   Corporate Summary
                  8.13.4   SWOT Analysis
        8.14   Dairymaster
                  8.14.1   Company Overview
                  8.14.2   Product Portfolio
                  8.14.3   Corporate Summary
                  8.14.4   SWOT Analysis
        8.15   DeLaval
                  8.15.1   Company Overview
                  8.15.2   Product Portfolio
                  8.15.3   Corporate Summary
                  8.15.4   SWOT Analysis
        8.16   Fullwood Ltd.
                  8.16.1   Company Overview
                  8.16.2   Product Portfolio
                  8.16.3   Corporate Summary
                  8.16.4   SWOT Analysis
Indoor Farming
        8.17   Cree Inc.
                  8.17.1   Company Overview
                  8.17.2   Product Portfolio
                  8.17.3   Financials
                               8.17.3.1   Financial Summary
                  8.17.4   SWOT Analysis
        8.18   General Hydroponics
                   8.18.1   Company Overview
                   8.18.2   Product Portfolio
                   8.18.3   Corporate Summary
                   8.18.4   SWOT Analysis
        8.19   Osram Licht AG
                  8.19.1   Company Overview
                  8.19.2   Product Portfolio
                  8.19.3   Financials
                               8.19.3.1   Financial Summary
                  8.19.4   SWOT Analysis
          8.2   Philips Lighting
                  8.20.1   Company Overview
                  8.20.2   Product Portfolio
                  8.20.3   Financials
                               8.20.3.1   Financial Summary
                  8.20.4   SWOT Analysis
Aquaculture
          8.21   AKVA Group ASA
                    8.21.1   Company Overview
                    8.21.2   Product Portfolio
                    8.21.3   Financials
                                 8.21.3.1   Financial Summary
                    8.21.4   SWOT Analysis
          8.22   Eruvaka Technologies
                    8.22.1   Company Overview
                    8.22.2   Product Portfolio
                    8.22.3   Corporate Summary
                    8.22.4   SWOT Analysis
          8.23   XpertSea
                    8.23.1   Company Overview
                    8.23.2   Product Portfolio
                    8.23.3   Corporate Summary
                    8.23.4   SWOT Analysis
Agricultural Robotics (Exclusive)
          8.24   3D Robotics
                    8.24.1   Company Overview
                    8.24.2   Product Portfolio
                    8.24.3   Corporate Summary
                    8.24.4   SWOT Analysis
          8.25   DJI Innovations
                    8.25.1   Company Overview
                    8.25.2   Product Portfolio
                    8.25.3   Corporate Summary
                    8.25.4   SWOT Analysis
 
    9   Research Scope and Methodology
         9.1   Report Scope
         9.2   Global Smart Farming Market Research Methodology
                 9.2.1   Assumptions
                 9.2.2   Limitations
                 9.2.3   Primary Data Sources
                 9.2.4   Secondary Data Sources
                 9.2.5   Data Triangulation
                 9.2.6   Market Estimation and Forecast
 
    10   Annexure A : List of Key Strategies and Developments (April 2015-April 2018)
 
 List of Tables
 
Table 3.1   Analyzing the Threat of New Entrants
Table 3.2   Analyzing Bargaining Power of Buyers
Table 3.3   Analyzing the Bargaining Power of Suppliers
Table 3.4   Analyzing the Threat from Substitutes
Table 3.5   Analyzing the Intensity of Competitive Rivalry
Table 4.1   Global Smart Farming Market (by Solution), 2017-2022
Table 4.2   Hardware Systems in Global Smart Farming Market (by Type), 2017-2022
Table 4.3   Displays/Yield Monitors by Key Companies
Table 4.4   Flow and Application Rate Control Valves by Key Companies
Table 4.5   Handheld Computers/Mobile Devices by Key Companies
Table 4.6   Agricultural Cameras by Key Companies
Table 4.7   Other Automation and Control Systems by Key Companies
Table 4.8   Sensing Systems by Key Companies
Table 4.9   GPS/GNSS Systems by Key Companies
Table 4.10   Guidance and Steering Systems by Key Companies
Table 4.11   RFID Tags and Readers by Key Companies
Table 4.12   Climate Control Systems by Key Companies
Table 4.13   LED Grow Lights by Key Companies
Table 4.14   Other Indoor Farming Equipment by Key Companies
Table 4.15   Other Hardware Systems by Key Companies
Table 4.16   Software by Key Companies
Table 4.17   Software in Global Smart Farming Market (by Delivery Model), 2017-2022
Table 4.18   Smart Farming Services Offered by Key Companies
Table 4.19   Services in Global Smart Farming Market, (by Type), 2017-2022
Table 5.1   Agricultural Robots in Global Smart Farming Market, (by Type), 2017-2022
Table 5.2   UAVs/Drones by Leading Companies for Smart Farming
Table 5.3   Milking Robots by Leading Companies for Smart Farming
Table 5.4   Harvesting and Picking Robots by Leading Companies for Smart Farming
Table 5.5   Other Agricultural Robots by Leading Companies for Smart Farming
Table 5.6   Agricultural Robots in Global Smart Farming Market (by Application), 2017-2022
Table 5.7   Driverless Tractors by Leading Companies for Smart Farming
Table 6.1   Global Smart Farming Market (by Application), 2017-2022
Table 6.2   Precision Crop Farming in Global Smart Farming Market, 2017-2022
Table 6.3   Precision Irrigation Products Launched by Key Companies
Table 6.4   Yield Monitoring and Forecasting Products by Key Companies
Table 6.5   Variable Rate Application Products by Key Companies
Table 6.6   Crop Scouting Products by Key Companies
Table 6.7   Record Keeping Products by Key Companies
Table 6.8   Other Precision Crop Farming Products by Key Companies
Table 6.9   Livestock Monitoring and Management in Global Smart Farming Market, 2017-2022
Table 6.10   Milk Harvesting Systems and Services by Key Companies
Table 6.11   Animal Health Monitoring and Comfort Systems and Services by Key Companies
Table 6.12   Feeding Management Solutions by Key Companies
Table 6.13   Heat Stress and Fertility Monitoring Solutions by Key Companies
Table 6.14   Indoor Farming in Global Smart Farming Market, 2017-2022
Table 6.15   HVAC Management Solutions by Key Companies
Table 6.16   Lighting Management Solutions by Key Companies
Table 6.17   Plant Development Monitoring Solutions by Key Companies
Table 6.18   Other Indoor Farming Solutions by Key Companies
Table 6.19   Aquaculture in Global Smart Farming Market, 2017-2022
Table 6.20   Feed Management Solutions by Key Companies
Table 6.21   Aquatic Species Tracking and Navigation Solutions by Key Companies
Table 6.22   Water Quality Management Solutions by Key Companies
Table 6.23   Other Aquaculture Solutions by Key Companies
Table 6.24   Products in Other Application Areas in Smart Farming Market
Table 7.1   Global Smart Farming Market (by Region), 2017-2022
Table 7.2   North America Smart Farming Market (by Solution), 2017-2022
Table 7.3   North America Smart Farming Market (by Application), 2017-2022
Table 7.4   North America Smart Farming Market (by Country), 2017-2022
Table 7.5   Europe Smart Farming Market (by Solution), 2017-2022
Table 7.6   Europe Smart Farming Market (by Application), 2017-2022
Table 7.7   Europe Smart Farming Market (by Country), 2017-2022
Table 7.8   Asia-Pacific Smart Farming Market (by Solution), 2017-2022
Table 7.9   Asia-Pacific Smart Farming Market (by Application), 2017-2022
Table 7.10   Asia-Pacific Smart Farming Market by Country, 2017-2022
Table 7.11   Rest-of-the-World (RoW) Smart Farming Market (by Solution), 2017-2022
Table 7.12   Rest-of-the-World (RoW) Smart Farming Market by Application, 2017-2021
Table 7.13   RoW Smart Farming Market by Country, 2017-2022
Table 8.1   AgLeader Technology : Product Portfolio
Table 8.2   AGCO Corporation: Product Portfolio
Table 8.3   CNH Industrial: Product Portfolio
Table 8.4   Deere and Company: Product Portfolio
Table 8.5   DICKEY-John : Product Portfolio
Table 8.6   Raven Industries Inc.: Product Portfolio
Table 8.7   SST Development Group : Product Portfolio
Table 8.8   The Climate Corporation : Product Portfolio
Table 8.9   Topcon Corporation: Product Portfolio
Table 8.10   Trimble Inc.: Product Portfolio
Table 8.11   Afimilk Ltd.: Product Portfolio
Table 8.12   Allflex Inc.: Product Portfolio
Table 8.13   Boumatic LLC: Product Portfolio
Table 8.14   Dairymaster: Product Portfolio
Table 8.15   DeLaval: Product Portfolio
Table 8.16   Fullwood Ltd.: Product Portfolio
Table 8.17   Cree Inc.: Product Portfolio
Table 8.18   Product Portfolio: General Hydroponics
Table 8.19   Osram Licht AG: Product Portfolio
Table 8.20   Philips Lighting: Product Portfolio
Table 8.21   AKVA Group: Product Portfolio
Table 8.22   Product Portfolio: Eruvaka Technologies
Table 8.23   Product Portfolio: XpertSea
Table 8.24   3D Robotics: Product Portfolio
Table 8.25   DJI Innovations: Product Portfolio

List of Figures

Figure 1   Macroeconomic Trends Impacting the Farming Industry Growth
Figure 2   Drivers and Restraints-Global Smart Farming Market
Figure 3   Global Smart Farming Market Snapshot
Figure 4   Global Smart Farming Market (by Solution), 2017 and 2022
Figure 5   Global Smart Farming Market (by Application), $Million 2017-2022
Figure 6   Global Smart Farming Market (by Region), 2017-2022
Figure 7   Global Smart Farming Market (by Country), 2017-2022
Figure 8   Agricultural Robots in Global Smart Farming Market (by Type and by Application), 2017 and 2022
Figure 1.1   Market Dynamics
Figure 1.2   Impact Analysis of Drivers
Figure 1.3   Global Average Yield (by Crop Types), 2001, 2006, 2011, and 2016 (hectogramme/hectare)
Figure 1.4   Role of ICT in Farming
Figure 1.5   Mean Temperature Change of Meteorological Year, 1961-2017 (Degree Celsius)
Figure 1.6   Projected Annual Growth Rate of Total Livestock Production, 2015-2030
Figure 1.7   Global Dairy Cow Numbers, 2011-2014
Figure 1.8   Impact Analysis of Restraints
Figure 1.9   Contribution of 3D Printing Applications, 2017 and 2022
Figure 1.10   Applications of Blockchain Technology in Agriculture
Figure 2.1   Strategies Adopted by the Key Players
Figure 2.2   Share of Key Market Strategies and Developments
Figure 2.3   Product Launches and Development Share (by Companies)
Figure 2.4   Business Expansion and Contracts Share (by Companies)
Figure 2.5   Partnerships, Collaborations, and Joint Ventures Share (by Companies)
Figure 2.6   Mergers and Acquisitions Share (by Companies)
Figure 2.7   Hardware Systems Manufacturers Market Share Analysis, 2017
Figure 2.8   Software Providers Market Share Analysis, 2017
Figure 2.9   Market Share Analysis of Leading Companies in Global Livestock Monitoring and Management Market, 2017 (%)
Figure 3.1   Porter’s Five Forces Analysis for the Smart Farming Market
Figure 3.2   Global Smart Farming Market Opportunity Matrix, (by Region), 2017-2022
Figure 4.1   Global Smart Farming Market (by Solution)
Figure 4.2   Global Smart Farming Market (by Solution), 2017, 2018, and 2022
Figure 4.3   Hardware Systems in Global Smart Farming Market, 2017-2022
Figure 4.4   Hardware Systems in Global Smart Farming Market (by Type), 2017, 2018 and 2022
Figure 4.5   Automation and Control Systems (by Type), 2017-2022
Figure 4.6   Hardware Systems in Global Smart Farming Market (Automation and Control Systems), 2017-2022
Figure 4.7   Sensing and Navigation Systems (by Type), 2017-2022
Figure 4.8   Hardware Systems in Global Smart Farming Market (Sensing and Navigation Systems), 2017-2022
Figure 4.9   Indoor Farming Equipment (by Type), 2017-2022
Figure 4.10   Hardware Systems in Global Smart Farming Market (Indoor Farming Equipment), 2017-2022
Figure 4.11   Other Hardware Systems Market in Global Smart Farming Market, 2017-2022
Figure 4.12   Software in Global Smart Farming Market, 2017-2022
Figure 4.13   Software in Global Smart Farming Market, By Delivery Type 2017, 2018 and 2022
Figure 4.14   Advantages of On-Cloud Delivery Model
Figure 4.15   Advantages of On-Premise Delivery Model
Figure 4.16   Services in Global Smart Farming Market, 2017-2022
Figure 4.17   Services in Global Smart Farming Market (by Type), 2017-2022
Figure 4.18   Services in Global Smart Farming Market, (by Type) 2017, 2018 and 2022
Figure 4.19   Services in Global Smart Farming Market (Integration and Deployment), 2017-2022
Figure 4.20   Services in Global Smart Farming Market (Maintenance and Support), 2017-2022
Figure 4.21   Services in Global Smart Farming Market (Others), 2017-2022
Figure 5.1   Agricultural Robots in Global Smart Farming Market, 2017-2022
Figure 5.2   Opportunities and Challenges for Agricultural Robots
Figure 5.3   Agricultural Robots in Global Smart Farming Market, 2017-2022
Figure 5.4   Agricultural Robots in Global Smart Farming Market (by Type), 2017, 2018, and 2022
Figure 5.5   Key Types of UAV/Drone
Figure 5.6   Major Applications of UAV/Drone for Smart Farming
Figure 5.7   Benefits of Milking Robots
Figure 5.8   Agricultural Robots in Global Smart Farming Market (by Application), 2017-2022
Figure 5.9   Agricultural Robots in Smart Farming Market (by Application), 2017, 2018, and 2022
Figure 5.10   Advantages of Driverless Tractors in Farming
Figure 6.1   Global Smart Farming Market (by Application Areas), 2017-2022
Figure 6.2   Global Smart Farming Market (by Application), 2017, 2018, and 2022
Figure 6.3   Precision Crop Farming Application Area (by Type), 2017-2022
Figure 6.4   Precision Crop Farming in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.5   Precision Crop Farming in Global Smart Farming Market (Precision Irrigation), 2017-2022
Figure 6.6   Precision Crop Farming in Global Smart Farming Market (Yield Monitoring and Forecasting), 2017-2022
Figure 6.7   Precision Crop Farming in Global Smart Farming Market (Variable Rate Application), 2017-2022
Figure 6.8   Precision Crop Farming in Global Smart Farming Market (Crop Scouting), 2017-2022
Figure 6.9   Importance of Record Keeping
Figure 6.10   Types of Records to be Kept
Figure 6.11   Precision Crop Farming in Global Smart Farming Market (Record Keeping), 2017-2022
Figure 6.12   Precision Crop Farming in Global Smart Farming Market (Others), 2017-2022
Figure 6.13   Livestock Monitoring and Management Application Area (by Type), 2017-2022
Figure 6.14   Livestock Monitoring and Management in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.15   Performance Factors of Milk Harvesting System
Figure 6.16   Livestock Monitoring and Management in Global Smart Farming Market (Milk Harvesting Application), 2017-2022
Figure 6.17   Global Milk Production, 2013-2016
Figure 6.18   Dairy Cow Population and Production in Key Economies, 2015
Figure 6.19   Livestock Monitoring and Management in Global Smart Farming Market (Animal Health Monitoring and Comfort), 2017-2022
Figure 6.20   Livestock Monitoring and Management in Global Smart Farming Market (Feeding Management), 2017-2022
Figure 6.21   Advantages of Liquid Feeding System Over Dry Feeding Systems
Figure 6.22   Livestock Monitoring and Management in Global Smart Farming Market (Heat Stress and Fertility Monitoring), 2017-2022
Figure 6.23   Livestock Monitoring and Management in Global Smart Farming Market (Others), 2017-2022
Figure 6.24   Indoor Farming Application Area (by Type), 2017-2022
Figure 6.25   Indoor Farming in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.26   Indoor Farming in Global Smart Farming Market (HVAC Management), 2017-2022
Figure 6.27   Indoor Farming in Global Smart Farming Market (Lighting Management), 2017-2022
Figure 6.28   Indoor Farming in Global Smart Farming Market (Plant Development Monitoring), 2017-2022
Figure 6.29   Indoor Farming in Global Smart Farming Market (Others), 2017-2022
Figure 6.30   Aquaculture Application Area (by Type), 2017-2022
Figure 6.31   Aquaculture in Global Smart Farming Market, 2017, 2018, and 2022
Figure 6.32   Aquaculture in Global Smart Farming Market (Feed Management), 2017-2022
Figure 6.33   Aquaculture in Global Smart Farming Market (Aquatic Species Tracking and Navigation), 2017-2022
Figure 6.34   Aquaculture in Global Smart Farming Market (Water Quality Management), 2017-2022
Figure 6.35   Aquaculture in Global Smart Farming Market (Others), 2017-2022
Figure 7.1   Global Smart Farming Market, Market Share and CAGR (by Region)
Figure 7.2   North America Smart Farming Market, 2017-2022
Figure 7.3   North America Smart Farming Market (by Solution), 2017, 2018, and 2022
Figure 7.4   North America Smart Farming Market (by Application), 2017-2022
Figure 7.5   North America Smart Farming Market (by Country), 2017-2022
Figure 7.6   Smartphone Market Penetration in the U.S., 2012-2016 (%)
Figure 7.7   The U.S. Smart Farming Market, 2017-2022
Figure 7.8   Average Farm Size and the Number of Farms in Canada, 2006, 2011, and 2016
Figure 7.9   Canada Smart Farming Market, 2017-2022
Figure 7.10   Mexico Smart Farming Market, 2017-2022
Figure 7.11   Europe Smart Farming Market, 2017-2022
Figure 7.12   Europe Smart Farming Market (by Solution) 2017, 2018, and 2022
Figure 7.13   Europe Smart Farming Market (by Application), 2017-2022
Figure 7.14   Europe Smart Farming Market (by Country), 2017-2022
Figure 7.15   Adoption Rate of Agricultural Innovations (by German Farmers), 2016 (%)
Figure 7.16   Germany Smart Farming Market, 2017-2022
Figure 7.17   The U.K. Smart Farming Technology Adoption Curve
Figure 7.18   The U.K. Smart Farming Market, 2017-2022
Figure 7.19   France Smart Farming Market, 2017-2022
Figure 7.20   Italy Smart Farming Market, 2017-2022
Figure 7.21   Spain Smart Farming Market, 2017-2022
Figure 7.22   The Netherlands Smart Farming Market, 2017-2022
Figure 7.23   Rest-of-Europe Smart Farming Market, 2017-2022
Figure 7.24   Asia-Pacific Smart Farming Market, 2017-2022
Figure 7.25   Asia-Pacific Smart Farming Market (by Solution), 2017-2022
Figure 7.26   Asia-Pacific Smart Farming Market (by Application), 2017-2022
Figure 7.27   Asia-Pacific Smart Farming Market (by Country), 2017-2022
Figure 7.28   Employment in Agriculture (Percentage of total employment) in China, 1991 and 2017
Figure 7.29   China Smart Farming Market, 2017-2022
Figure 7.30   Japan Smart Farming Market, 2017-2022
Figure 7.31   Australia and New Zealand Smart Farming Market, 2017-2022
Figure 7.32   Land under Cultivation in India, 2010-2013
Figure 7.33   India Smart Farming Market, 2017-2022
Figure 7.34   South Korea Smart Farming Market, 2017-2022
Figure 7.35   Thailand Smart Farming Market, 2017-2022
Figure 7.36   Rest-of-Asia-Pacific Smart Farming Market, 2017-2022
Figure 7.37   Rest-of-the-World (RoW) Smart Farming Market, 2017-2022
Figure 7.38   Rest-of-the-World (RoW) Smart Farming Market (by Solution), 2017-2022
Figure 7.39   Rest-of-the-World (RoW) Smart Farming Market by Application, 2017-2022
Figure 7.40   Brazil Smart Farming Market, 2017-2022
Figure 7.41   Argentina Smart Farming Market, 2017-2022
Figure 7.42   Israel Smart Farming Market, 2017-2022
Figure 7.43   South Africa Smart Farming Market, 2017-2022
Figure 7.44   Other Countries of RoW Smart Farming Market, 2017-2022
Figure 8.1   Share of Key Companies
Figure 8.2   Ag Leader Technology: SWOT Analysis
Figure 8.3   AGCO Corporation: Overall Financials, 2015-2017
Figure 8.4   AGCO Corporation: Net Revenue (by Region), 2015-2016
Figure 8.5   AGCO Corporation: Net Revenue (by Region), 2017
Figure 8.6   AGCO Corporation: Net Revenue by Business Segment, 2015-2017
Figure 8.7   AGCO Corporation: SWOT Analysis
Figure 8.8   CNH Industrial: Overall Financials, 2015-2017
Figure 8.9   CNH Industrial: Net Revenue (by Region), 2015-2017
Figure 8.10   CNH Industrial: Net Revenue by Business Segment, 2015-2017
Figure 8.11   CNH Industrial: SWOT Analysis
Figure 8.12   Deere and Company: Overall Financials, 2015-2017
Figure 8.13   Deere and Company: Net Revenue (by Region), 2015-2017
Figure 8.14   Deere and Company: Net Revenue by Business Segment, 2015-2017
Figure 8.15   Deere and Company: SWOT Analysis
Figure 8.16   DICKEY-John: SWOT Analysis
Figure 8.17   Raven Industries Inc.: Overall Financials, 2016-2018
Figure 8.18   Raven Industries Inc.: Net Revenue (by Region), 2016-2018
Figure 8.19   Raven Industries Inc.: Net Revenue by Business Segment, 2016-2018
Figure 8.20   Raven Industries Inc.: SWOT Analysis
Figure 8.21   SST Development Group, Inc.: SWOT Analysis
Figure 8.22   The Climate Corporation: SWOT Analysis
Figure 8.23   Topcon Corporation: Overall Financials, 2015-2017
Figure 8.24   Topcon Corporation: Net Revenue (by Region), 2015-2017
Figure 8.25   Topcon Corporation: Net Revenue by Business Segment, 2015-2017
Figure 8.26   Topcon Corporation: SWOT Analysis
Figure 8.27   Trimble Inc.: Overall Financials, 2015-2017
Figure 8.28   Trimble Inc.: Net Revenue (by Region), 2015-2017
Figure 8.29   Trimble Inc.: Net Revenue by Business Segment, 2015-2016
Figure 8.30   Trimble Inc.: Net Revenue by Business Segment, 2017
Figure 8.31   Trimble Inc.: SWOT Analysis
Figure 8.32   Afimilk Ltd.: SWOT Analysis
Figure 8.33   Allflex Inc.: SWOT Analysis
Figure 8.34   Boumatic LLC: SWOT Analysis
Figure 8.35   Dairymaster: SWOT Analysis
Figure 8.36   DeLaval: SWOT Analysis
Figure 8.37   Fullwood Ltd.: SWOT Analysis
Figure 8.38   Cree Inc.: Overall Financials, 2015-2017
Figure 8.39   Cree Inc.: Net Revenue by Business Segment, 2015-2017
Figure 8.40   Cree Inc.: Net Revenue (by Region), 2015-2017
Figure 8.41   Cree Inc.: SWOT Analysis
Figure 8.42   General Hydroponics: SWOT Analysis
Figure 8.43   Osram Licht AG: Overall Financials, 2015-2017
Figure 8.44   Osram Licht AG: Net Revenue (by Region), 2015-2017
Figure 8.45   Osram Licht AG: Net Revenue by Business Segment, 2015-2017
Figure 8.46   Osram Licht AG: SWOT Analysis
Figure 8.47   Philips Lighting: Overall Financials, 2015-2017
Figure 8.48   Philips Lighting: Net Revenue (by Region), 2015-2017
Figure 8.49   Philips Lighting: Net Revenue (by Business Segment), 2015-2017
Figure 8.50   Philips Lighting: SWOT Analysis
Figure 8.51   AKVA Group: Overall Financials, 2015-2017
Figure 8.52   AKVA Group: Net Revenue (by Region), 2015-2017
Figure 8.53   AKVA Group: Net Revenue (by Business Segment), 2015-2017
Figure 8.54   AKVA Group: SWOT Analysis
Figure 8.55   Eruvaka Technologies: SWOT Analysis
Figure 8.56   Xpert Sea: SWOT Analysis
Figure 8.57   3D Robotics: SWOT Analysis
Figure 8.58   DJI Innovations: SWOT Analysis
Figure 9.1   Smart Farming Market Scope
Figure 9.2   Report Design
Figure 9.3   Primary Interview Breakdown, by Companies, Designation, and Region
Figure 9.4   Sources of Secondary Research
Figure 9.5   Data Triangulation
Figure 9.6   Top-Down and Bottom-Up Approach

Farm productivity across the globe has been significantly increasing since the last decade. With the exponential growth of world population, subsequent rise in the global demand for food, shrinking agricultural lands, and depletion of finite natural resources, the need to enhance farm yield has become critical. The increase in urban population in developing countries with the enhancement of quality of living due to high income levels and the demand for fresh crop produce and animal protein are boosting the demand for crop production. Limited availability of natural resources such as fresh water and arable land along with slowing yield trends in several staple crops, have prompted growers and companies in the farming sector to introduce innovative and advanced smart farming techniques for increasing farm profitability.

The farming industry has witnessed numerous revolutions over decades starting from the domestication of livestock and crops to the organized use of crop rotation using new farming techniques. This was followed by the large-scale usage of fertilizers and pesticide and systematic breeding called as the green revolution. Finally, with the introduction of Information and Communication Technologies (ICT) in farming since the last decade, the farming industry has been witnessing another revolutionary phase. Broadly, utilization of internet of things (IoT) technologies by integrating them into smart farming equipment reduced exploitation of resources and offered site-specific farming. These technological advancements in the farming practices and equipment represent a technological revolution which has the potential to create disruptive changes in the farming industry. Utilization of technology to make farming efficient and cost-effective with reduced negative impact on environment is termed as smart farming.

Figure 1
Global Smart Farming Market Snapshot

Global Smart Farming Market Snapshot

Source: Secondary Research, Expert Interviews, and BIS Research Analysis

The smart farming market is projected to grow significantly during the forecast period from 2017 to 2022 with a robust growth rate. High growth in the market is expected to be driven by the need to apply site-specific farming and variable rate application of raw materials and resources as per the requirements. Deployment of automation and control systems to steer the application of agricultural inputs along with sensing systems to monitor the need is expected to be crucial to augment the growth of the market. Smart farming is also expected to reduce the ecological footprint of daily farming. In emerging countries, growth is expected to be driven by rising awareness among the governments of different countries about the need to elevate farm produce in an environment-friendly manner.

The smart farming market encompasses a wide array of solutions such as hardware systems, software, and services. Hardware systems involve a system that combines the equipment supported by the software solutions. Additionally, these hardware systems comprise automation and control systems, sensing and navigation systems, and indoor farming equipment, among others. In 2017, the major market share of the total smart farming market was held hardware systems, followed by the software products. Moreover, the smart farming market for the services segment is expected to display an optimistic growth. A lack of technical expertise among the stockman has resulted in an increasing demand for the smart farming services especially the integration and deployment of farm equipment, wherein, the companies provide full-range solutions for farm management starting from installation to farm record keeping.

Smart farming systems have applications which cover most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids). Precision crop farming application area accounted for the largest share of the total revenue generated by smart farming solutions in 2017. With growing need for appropriate usage of agricultural inputs, variable rate application products in the market are expected to propagate further growth of precision crop farming in the smart farming market in the coming five years. During the forecast period, livestock monitoring and management and indoor farming application areas are expected to witness high market growth. Smart farming solutions are also offered for multiple aquaculture application types including feed management, aquatic species tracking and navigation, and water quality management, among others, whereas indoor farming application areas are expected to display the highest growth rates. Indoor farming application types comprise HVAC management, lighting management, and plant development monitoring, among others.

The trends of the smart farming market vary across different geographical regions. The smart farming market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). Presently, North America is at the forefront of the global smart farming market, with high market penetration in the U.S. However, Mexico is expected to have the highest market growth in the coming five years. Moreover, the Asia-Pacific region presents immense scope for market development, owing to the increasing urban population size and growing market penetration of internet in farm management and favourable government investments.

Decreasing agricultural labor in most number of countries is prompting farmers to turn to automated farming systems and agricultural robots. With companies investing heavily in robotic systems and rolling out new products regularly, agricultural robots are expected to exponentially augment the growth of the global smart farming market. Amongst UAVs/drones, harvesting and picking robots, milking robots, and other robots, UAVs/drones generated the highest revenue in 2017. It is also expected to grow with the highest growth rate during the forecast period due to its increasing product applications. In 2017, the maximum robot deployment was done for crop management.

The competitive landscape for the smart farming market demonstrates an inclination toward companies adopting strategies such as product launch and development and business expansions and contracts. The major established players in the market are focusing on product launches and developments to introduce new technologies or developing further on the existing product portfolio. Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., Allflex Inc., Vertical Farm Systems, AeroFarms, Phillips Lighting, Osram Licht AG, Harvest Automation, and AKVA Group, are some of the prominent players in the smart farming market. The market is highly fragmented with the presence of a huge number of small-sized to medium-sized companies that compete with each other and the large enterprises.

Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes and favorable trade policies are putting in substantial efforts to identify the benefits of these smart farming solutions for augmenting global food production. The need for sophisticated smart farming techniques is necessary to bridge the demand and supply gap along with attaining sustainability in the production.

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