Global Agriculture IoT Market Size will Reach $63.68 Billion by 2030, Rising by 14.1%

Global Agriculture IoT Market Size will Reach $63.68 Billion by 2030, Rising by 14.1%

This 163-page report, “Global Agriculture IoT Market 2020-2030 by Offering (Hardware, Software, Services), System, Application (Precision Agriculture, Indoor Farming, Livestock, Aquaculture), and Region,” is highlighted by 92 tables and 72 figures and is based on an in-depth analysis of the entire global agriculture IoT market and all of its sub-segments. Premium primary and secondary information sources are used to create in-depth research and evaluation, with input coming from business specialists working throughout the value chain.

The contemporary agricultural business has been transformed by the Internet of Things (IoT). Due to new technology developments and an increase in government efforts for IoT applications in agriculture, the global IoT market for agricultural will reach $63.68 billion by 2030, rising by 14.1% annually between 2020–2030.

The study uses 2019 as the foundation year for forecasts from 2020 to 2030 and is based on research from 2016 to 2019. (Please note that the report will be updated before to delivery to ensure that the forecast includes at least 5 years beyond the base year and the most recent historical year serves as the base year.)

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The following elements are identified and examined in-depth qualitative analyses:

Porter’s Five Forces: Market Structure, Growth Drivers, Obstacles and Challenges, Emerging Product Trends and Market Opportunities

By taking COVID-19 into consideration, the trend and prognosis for the global market are predicted with an upbeat, fair-minded, and cautious viewpoint. The worldwide agricultural IoT market is quantified from all angles, including offering, system, application, and region, using the balanced (most likely) prediction.

Based on Offering, the worldwide market is divided into the following sub-markets, each of which includes annual revenue ($ mn) for 2019–2030.

Agriculture IoT Hardware

• Automation and Control Systems
• Sensing and Monitoring Devices
• Navigation and Guidance Systems

Agriculture IoT Software

• Cloud Based Product
• On Premises Product

Agriculture IoT Services

• Professional Services
• Managed Services

Based on System, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

Tracking & Positioning Systems

• GNSS/GPS Devices

Monitoring & Detection Systems

• Wireless Sensor Network
• UAVs/Drones
• Auto-steering & Autonomous Vehicles

Communication Systems

• Network Communication Technologies
• Standards & Protocols
Cloud Computing
Data Management Systems

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

Precision Agriculture IoT
• Crop Health Scouting
• Yield Monitoring
• Water, Pest & Fertilizer Management
• Climate, Weather & Soil Monitoring
• Farm Mapping
• Other Applications

Indoor Farming IoT

• Plant and Yield Monitoring
• Lighting Management
• Water, Pest & Fertilizer Management
• Ambient Environmental Monitoring
• Other Applications

Livestock Farming IoT

• Animal Health Monitoring
• Milk Harvesting
• Feeding Management
• Breeding Management
• Geofencing & Mapping
• Other Applications

Fisheries and Aquaculture IoT

• Animal Behavior & Health Monitoring
• Feed Monitoring
• Aquatic Species Tracking and Navigation
• Geofencing & Mapping
• Other Applications
Precision Forestry IoT
Other Applications

Along with the above national/local markets, the following geographic areas are thoroughly investigated:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
In Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• America, North (U.S., Canada, and Mexico)
Latin America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Detailed analysis and statistics for yearly revenue ($ mn) for each area and important nation are accessible for the years 2019 through 2030. There is also a breakdown of the major national markets by Offering, System, and Application during the anticipated years, as well as a breakdown of the regional markets by country.

The study also analyses the present competition landscape, the anticipated trend, and it provides profiles of major suppliers, including both established market leaders and significant up-and-coming companies.
Through GMD’s Risk Assessment System, possible risks related to investing in the global agricultural IoT industry are evaluated both quantitatively and subjectively. Critical Success Factors (CSFs) are developed based on the risk analysis and assessment as a guide to assist investors and shareholders in identifying new possibilities, managing and minimising risks, developing suitable business models, and making informed strategies and choices.

Key Players (this list may not be exhaustive; other businesses may be included upon request):

Ag Leader Technology
Deepfield Robotics (Bosch)
Deere & Company
Eruvaka Technologies
Farmers Edge
GEA Group
Komatsu Forest
PrecisionHawk Inc.
Raven Industries
Smartcultiva Corporation
Topcon Corporation
Trimble Inc.