Global IoT in Agriculture Market

The IoT in agriculture market is expected to grow at a CAGR of over 16% in terms of market value through 2016 to 2022, to reach $20 Billion. Agriculture, being one of the most significant economic activities of a country, has gradually evolved from manual occupation to a highly mechanized practice in every aspect, including the data management practises. Reducing the technologies involved and the ease of their integration with the other devices is important to obtain a viable IoT system. Owing to the increasing emphasis on food security, growing adoption of ICT in agriculture, need of data management in agriculture, and growing popularity of UAVs & drones and precision agriculture.

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

The prominent players operating in the global IoT in agriculture market are AGCO Corporation, CNH Industrial, John Deere & Company, Lindsay Corporation, Raven Industries, and Trimble Navigation among others.

Key Topics Covered:

Executive Summary

1 Report Scope & Methodology
1.1 Scope of the Report
1.2 The IoT in Agriculture Market Research Methodology

2 Industry Analysis
2.1 Technology Transformation
2.2 IoT in Agriculture Ecosystem
2.3 Key Restraints in the IoT in Agriculture Market
2.4 Regulatory Framework Governing the IoT in Agriculture Market

3 Market Dynamics
3.1 Market Drivers
3.1.1 Increasing Emphasis on Food Security
3.1.2 Growing Adoption of ICT in Agriculture
3.1.3 Adoption of UAVs and Drones in Agriculture Applications
3.1.4 Growing Popularity of Precision Agriculture
3.1.5 Need of Data Management in Agriculture
3.2 Market Restraints
3.2.1 Huge Capital Investment
3.2.2 Lack of Awareness in Emerging Economies
3.2.3 Lack of Infrastructure
3.2.4 Data Accuracy and Reliability
3.2.5 Lack of Government Support
3.3 Market Opportunities
3.3.1 Opportunities in Developing Countries
3.3.2 Expansion of Smartphone Technology

4 Competitive Landscape
4.1 Key Market Developments & Strategies
4.1.1 Mergers & Acquisitions
4.1.2 Partnerships, Collaborations & Joint Ventures
4.1.3 Product Launches
4.1.4 Business Expansion
4.1.5 Others (Awards & Recognitions)
4.2 Industry Attractiveness
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat from Substitutes
4.2.5 Intensity of Competitive Rivalry

5 Global IoT in Agriculture Market by System
5.1 Assumptions & Limitations for Analysis and Forecast of the Global IoT in Agriculture Market
5.2 Market Overview
5.3 Tracking & Positioning Systems
5.3.1 GNSS/GPS Devices
5.3.2 RFID
5.4 Monitoring & Detection Systems
5.4.1 Wireless Sensor Network
5.4.2 UAVs/Drones
5.4.3 Auto-steering & Autonomous Vehicles
5.5 Telematics Systems
5.5.1 Network Communication Technologies
5.5.2 Standards & Protocols
5.6 Cloud Computing

6 IoT in Agriculture Market By Application
6.1 Yield Monitoring
6.2 Variable Rate Application
6.3 Field Mapping
6.4 Soil Monitoring
6.5 Crop Scouting
6.6 Precision Irrigation
6.7 Livestock Management
6.8 Others

7 IoT in Agriculture Market by Geography

8 Company Profiles

  • AGCO Corporation
  • Agribotix
  • AG Junction
  • AG Leader Technology
  • AG-NAV INC.
  • aWhere
  • CNH Industrial
  • John Deere & Company
  • Farmers Edge
  • Lindsay Corporation
  • Monsanto
  • Precision Hawk
  • Raven Industries
  • Semios Technologies
  • SST Development Group Inc.
  • TeeJet Technologies
  • Topcon
  • Trimble Navigation