Smart Agriculture Solution Market will Increase at a CAGR of 11.2% during 2016-2026

Smart Agriculture Solution Market: Global Industry Analysis and
Opportunity Assessment, 2016-2026
April 2017
Report Id : REP-GB-939
Published On : Apr-2017
Category : Electronics, Semiconductors, and ICT
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
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Primary
Research
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B
SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
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Linkedin
Zoominfo
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Avention
Business
Solution
Desk
Research
C
Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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Smart Agriculture Solution Market
Growing Need to Improve Cropland Management Boosting the Global Adoption of Smart Agriculture
Solutions
Years from now, when the world’s gross population swiftly surpasses 10 billion, feeding these people will
become the most critical challenge for all nations. Averting even a slight chance for such impending
global starvation, governments from around the world have begun compelling farmers & agroindustrialists towards boosting their farm yield. And, a steadfast adoption of multiple smart agriculture
solutions is aptly serving this purpose. The demand for smart agriculture solutions is also gaining traction
among farming sectors riddled with soil & water degradation. A worldwide adoption of smart agriculture
solutions, thus, ensures stability in global crop productivity and increases presence of sustainable
cropland management practices.
Apropos its latest research report, Future Market Insights presently values the global market for smart
agriculture solutions at US$ 13,785 Mn. The report further projects that by the end of 2026, nearly US$
40,000 Mn worth of revenues will be amassed by global smart agriculture solution market – registering
an impressive CAGR of 11.2%.
According to the report, titled “Smart Agriculture Solutions Market: Global Industry Analysis and
Opportunity Assessment, 2016-2026,” adoption of smart agriculture solutions will keep surging on the
account for wider availability of low-cost sensors, rising need to eliminate soil erosion from intensive
farming, and soaring adoption of M2M-based monitoring & tracking systems. Although, companies
providing smart agriculture solutions are still struggling to deploy their offerings due to lack of internet
and wireless connectivity in farmlands & rural areas.
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Smart Agriculture Solution Market
Global Smart Agriculture Solutions Market: Key Players & Dominant Regions
The report profiles key players in the global smart agriculture solutions market, which include, Dirt Road
Data, Inc., AgJunction LLC, Iteris, Inc., Agribotix LLC, AgriSight Inc., CropMetrics LLC, Granular, Inc., SiteSpecific Technology Development Group, Inc., SemiosBio Technologies Inc., and Trimble Navigation Ltd.
Since these companies are based across the US and Canada, the report has unmistakably deemed North
America as the world’s largest smart agriculture solutions market. In 2016, more than 50% of global
smart agriculture solution revenues was accounted by North America. Nonetheless, the adoption of
smart agriculture solutions will gain traction in the Asia-Pacific excluding Japan region. Through 2026, the
APEJ smart agriculture solution market is anticipated to exhibit revenue growth at 13.7% CAGR.
As the world showcases active implementation of smart agriculture solutions, tech companies and
component manufacturers are also partaking in the market’s growth. Hardware and component parts
required for installing smart agriculture solutions are comparatively bringing more revenues than smart
farming software. In 2017 and beyond, half of global smart agriculture solution revenues will be
accounted by global sales of hardware components. Among which, more than US$ 10,000 Mn worth of
GPS-enabled ranging systems will be consumed globally by the end of forecast period. Likewise, the
demand for drones will also gain traction, registering a value CAGR of 12.2%.
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Workstation Market
Based on the type of service, climate information services will gain rampant adoption, and the market
will also exhibit speedy growth in demand for system integration, maintenance and consulting services.
Key findings in the report also indicate that controlling the guidance of automated machinery in
cropfields will be the largest application of smart agriculture solutions. Correspondingly, adoption of
smart agricultural solutions is expected to gain momentum in tractor collision & obstacle detection
purposes, and for variable rate technology applications.
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Table of Content
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Smart Agricultural solution Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Global Smart Agriculture Solution Market Trends
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Value Chain
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Table of Content
4.4. Global Smart Agricultural Solution Market Forecast, 2015-2026
4.4.1. Market Size Value Forecast
4.4.2. Y-o-Y Growth Projections
4.4.3. Absolute $ Opportunity
4.5. Global Smart Agricultural Solution Snapshot, 2015
4.5.1. Market Share By Components
4.5.2. Market Share By Application
4.5.3. Market Share By Region
5. Global Smart Agricultural Solution Market Analysis, By Components
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Components
5.1.2. Basis Point Share (BPS) Analysis, By Component
5.2. Hardware
5.2.1. Absolute $ Opportunity
5.2.2. Market Value Forecast
5.2.2.1. Sensor Monitoring Systems
5.2.2.2. Smart Detection System
5.2.2.3. GPS Enabled Ranging Systems
5.2.2.4. Drones
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Table of Content
6. Global Smart Agricultural Solution Market Analysis, By Application
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Application
6.1.2. Basis Point Share (BPS) Analysis, By Application
6.2. Automated Machinery Guidance Control
6.2.1. Absolute $ Opportunity
6.2.2. Market Value Forecast
6.3. Tractor Collision and Obstacle Detection
6.3.1. Absolute $ Opportunity
6.3.2. Market Value Forecast
6.4. Machinery Safety and Parameter Monitoring
6.4.1. Absolute $ Opportunity
6.4.2. Market Value Forecast
6.5. Variable Rate Technology
6.5.1. Absolute $ Opportunity
6.5.2. Market Value Forecast
6.6. Building and Premise Surveillance
6.6.1. Absolute $ Opportunity
6.6.2. Market Value Forecast
6.7. Market Attractiveness Analysis, By Application
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Table of Content
7. Global Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
8. North America Smart Agricultural Solution Market Analysis
8.1. Introduction
8.1.1. North America Market Value Forecast
8.1.2. Y-o-Y Growth Comparison, By Country
8.1.3. Basis Point Share (BPS) Analysis, By Country
8.2. Market Value Forecast By Country
8.2.1. U.S.
8.2.2. Canada
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