Market Overview

Smart Farming: Global Market Analysis & Forecast to 2022 - Increasing Market Opportunities in Developing Countries


Smart Farming: Global Market Analysis & Forecast to 2022 - Increasing Market Opportunities in Developing Countries

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DUBLIN, July 31, 2018 /PRNewswire/ --

The "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" report has been added to's offering.

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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.

Key Topics Covered

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 Hardware Systems' Manufacturer's Share Analysis 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 Automation and Control Systems Displays/Yield Monitors Flow and Application Rate Control Valves Handheld Computers/Mobile Devices Agricultural Cameras Others Sensing and Navigation Systems Sensing Systems GPS/GNSS Systems Guidance and Steering Systems RFID Tags and Readers Indoor Farming Equipment Climate Control Systems LED Grow Lights Others Other Hardware Systems
4.2.2 Software On-Cloud Delivery Model On-Premise Delivery Model
4.2.3 Services Integration and Deployment Maintenance and Support 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) The U.S. Canada Mexico
7.2 Europe
7.2.1 Europe(by Solution)
7.2.2 Europe (by Application)
7.2.3 Europe (by Country) Germany The U.K. France Italy Spain The Netherlands 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) China Japan Australia and New Zealand (ANZ) India South Korea Thailand 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) Brazil Argentina Israel South Africa Others

8 Company Profiles
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 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 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 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 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 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 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 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 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 Financial Summary
8.20.4 SWOT Analysis
8.21 AKVA Group ASA
8.21.1 Company Overview
8.21.2 Product Portfolio
8.21.3 Financials 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)

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