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Smart Agriculture Solution Market: APEJ Set to Dominate the Global Market in Terms of CAGR During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026
[Report Updated: 03-03-2017]

Published by Future Market Insights: 03 Mar 2017 | 67667 | In Stock

Introduction

The variable technology segment is anticipated to record a high CAGR, while the hardware segment is likely to grab more than half of the share of the market in terms of BPS analysis

The global smart agriculture solution market was estimated to be valued in excess of US$ 10 Bn by the end of 2016, reflecting a Y-o-Y growth rate of more than 5% over 2015. By 2026, the market is expected to reach a value close to US$ 40 Bn, increasing at a CAGR of 11.2% during the forecast period. The global smart agriculture solution market is forecast to represent incremental $ opportunity of a little more than US$ 25 Bn during the projected period. In terms of basis point share, the hardware sub-segment of the component segment is likely to grab more than half of the share of the global smart agriculture solution market in 2026. By solution, the variable rate technology segment is expected to register a CAGR of 13.4% amongst the other sub-segments in the global smart agriculture solution market.

Rising investments and increasing partnerships are the newly observed trends in the global smart agriculture solution market

Various small- and medium-sized precision agricultural solution providers focus on developing and introducing solutions for precision farming with the aid of imaging technologies and drones. In addition, these companies are focussing on providing data services in order to aid farmers to maximise yield capacity and enhance resource utilisation. These factors are expected to drive the global smart agriculture solution market in the years to come. For instance, in March 2016, TerrAvion, a U.S. based aerial imagery service provider introduced aerial data services for farmers with the aid of drones and thermal imagery technology. This, in turn, would enhance its data imagery analytics, which is expected to aid farmers in enhancing productivity.

Increasing investment in smart agriculture solutions is another trend observed by our team of analysts while studying the global smart agriculture solution market. Key sensor manufacturers are focussing on investing in various small- and medium-sized agricultural solution providers in order to enhance the presence of their offerings in the market. For example, in April 2016, Robert Bosch Venture Capital GmbH (RBVC) and Flex technology accelerator, Lab IX, invested in CropX Inc., which is a U.S. based smart agricultural solution provider, in order to enhance its product portfolio as well as its presence in the market.

Similarly, increasing partnerships with various entities in the value chain is also anticipated to create a positive impact on the global smart agriculture solution market in the estimated period. In November 2016, Trimble Navigation Ltd. partnered with Precision AG, Agrinetix, Géo-Pro and Avidor High Tech France and KOREC in order to enhance its presence in the markets in North America and Europe.

APEJ is anticipated to record a significantly high CAGR among all the regions in the global smart agriculture solution market

The smart agriculture solution market in North America was estimated to reach more than US$ 5,000 Mn by the end of 2016, while by 2026 the North America smart agricultural solution market is expected to reach a value of more than US$ 15 Bn, increasing at a CAGR of 9.8% during the forecast period. Latin America is expected to record a CAGR of 12.3% during the forecast period along with reflecting a Y-o-Y growth rate of 12.1%. The APEJ smart agricultural solution market is forecast to represent incremental $ opportunity of more than US$ 5,000 Mn between 2016 and 2026, increasing at a CAGR of 13.7% during the forecast period.

U.S. based Agribotix LLC enters into a partnership with SenseFly to offer a premium technology bundle comprising drones, sensors and agricultural data processing technologies

Agribotix LLC is a U.S. based company that processes and analyses agricultural data gathered by drones. The company offers services for various crops such as corn, grapes, apples and sugarcane. It also caters to various customers including hardware dealers, agriculture retailers and agronomists across the globe. Some of the company’s solutions include quad copters, fixed-wing drones and FarmLens, which is a cloud-based data analysis and reporting solution. In January 2017 the company partnered with SenseFly SA, which is a Switzerland-based drone solution provider, in order to complement its drone solution offerings. This premium technology solution combines the top drone, sensor and agricultural data processing technologies available to make collecting and analysing aerial data easier than ever, with several times more coverage per flight than is possible with most quadcopter solutions. In the last year, the company also partnered with Inter-American Institute for Cooperation on Agriculture (IICA) in order to aid farmers in Panama to reduce cost and enhance production by using various technologies such as drones and other agricultural analytical tools and platforms.

Table of Contents
for Smart Agriculture Solution Market: APEJ Set to Dominate the Global Market in Terms of CAGR During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026 [Report Updated: 03-03-2017]

  • 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

    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

    5.2.3. Software

    5.2.3.1. Absolute $ Opportunity

    5.2.3.2. Market Value Forecast

    5.2.4. Services

    5.2.4.1. Absolute $ Opportunity

    5.2.4.2. Market Value Forecast

    5.2.4.2.1. Climate Information Services

    5.2.4.2.2. Supply Chain Management Services

    5.2.4.2.3. Others (System Integration, Maintenance, and Consulting)

    5.3. Market Attractiveness Analysis, By Component

    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

    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

    8.3. Market Value Forecast By Component

    8.3.1. Hardware

    8.3.1.1. Sensor Monitoring Systems

    8.3.1.2. Smart Detection System

    8.3.1.3. GPS Enabled Ranging Systems

    8.3.1.4. Drones

    8.3.2. Software

    8.3.3. Service

    8.3.3.1.1. Climate Information Services

    8.3.3.1.2. Supply Chain Management Services

    8.3.3.1.3. Others (System Integration, Maintenance, and Consulting)

    8.4. Market Value Forecast By Application

    8.4.1. Automated Machinery Guidance Control

    8.4.2. Tractor Collision and Obstacle Detection

    8.4.3. Machinery Safety and Parameter Monitoring

    8.4.4. Variable Rate Technology

    8.4.5. Building and Premise Surveillance

    8.5. Market Attractiveness Analysis

    8.5.1. By Country

    8.5.2. By Component

    8.5.3. By Application

    8.6. Driver & Restraint Impact Analysis

    9. Latin America Smart Agricultural Solution Market Analysis

    9.1. Introduction

    9.1.1. Latin America Market Value Forecast

    9.1.2. Y-o-Y Growth Comparison, By Country

    9.1.3. Basis Point Share (BPS) Analysis, By Country

    9.2. Market Value Forecast By Country

    9.2.1. Brazil

    9.2.2. Mexico

    9.2.3. Rest of Latin America

    9.3. Market Value Forecast By Component

    9.3.1. Hardware

    9.3.1.1. Sensor Monitoring Systems

    9.3.1.2. Smart Detection System

    9.3.1.3. GPS Enabled Ranging Systems

    9.3.1.4. Drones

    9.3.2. Software

    9.3.3. Service

    9.3.3.1.1. Climate Information Services

    9.3.3.1.2. Supply Chain Management Services

    9.3.3.1.3. Others (System Integration, Maintenance, and Consulting)

    9.4. Market Value Forecast By Application

    9.4.1. Automated Machinery Guidance Control

    9.4.2. Tractor Collision and Obstacle Detection

    9.4.3. Machinery Safety and Parameter Monitoring

    9.4.4. Variable Rate Technology

    9.4.5. Building and Premise Surveillance

    9.5. Market Attractiveness Analysis

    9.5.1. By Country

    9.5.2. By Component

    9.5.3. By Application

    9.6. Driver & Restraint Impact Analysis

    10. Western Europe Smart Agricultural Solution Market Analysis

    10.1. Introduction

    10.1.1. Western Europe Market Value Forecast

    10.1.2. Y-o-Y Growth Comparison, By Country

    10.1.3. Basis Point Share (BPS) Analysis, By Country

    10.2. Market Value Forecast By Country

    10.2.1. Germany

    10.2.2. France

    10.2.3. U.K.

    10.2.4. Spain

    10.2.5. Italy

    10.2.6. Rest of Western Europe

    10.3. Market Value Forecast By Component

    10.3.1. Hardware

    10.3.1.1. Sensor Monitoring Systems

    10.3.1.2. Smart Detection System

    10.3.1.3. GPS Enabled Ranging Systems

    10.3.1.4. Drones

    10.3.2. Software

    10.3.3. Service

    10.3.3.1.1. Climate Information Services

    10.3.3.1.2. Supply Chain Management Services

    10.3.3.1.3. Others (System Integration, Maintenance, and Consulting)

    10.4. Market Value Forecast By Application

    10.4.1. Automated Machinery Guidance Control

    10.4.2. Tractor Collision and Obstacle Detection

    10.4.3. Machinery Safety and Parameter Monitoring

    10.4.4. Variable Rate Technology

    10.4.5. Building and Premise Surveillance

    10.5. Market Attractiveness Analysis

    10.5.1. By Country

    10.5.2. By Component

    10.5.3. By Application

    10.6. Driver & Restraint Impact Analysis

    11. Eastern Europe Smart Agricultural Solution Market Analysis

    11.1. Introduction

    11.1.1. Eastern Europe Market Value Forecast

    11.1.2. Y-o-Y Growth Comparison, By Country

    11.1.3. Basis Point Share (BPS) Analysis, By Country

    11.2. Market Value Forecast By Country

    11.2.1. Russia

    11.2.2. Poland

    11.2.3. Rest of Eastern Europe

    11.3. Market Value Forecast By Component

    11.3.1. Hardware

    11.3.1.1. Sensor Monitoring Systems

Additional Details

Publisher

Future Market Insights

Publisher Information

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.



FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.



FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

Reference

67667 |

Number of Pages

164

Report Format

PDF

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This report is published by Future Market Insights

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

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