This report on intelligent agriculture market 2019, provides in depth analysis of agriculture industry was worth USD 7.11 billion in 2018 and estimated to be growing at a CAGR of 13.44%, to reach USD 13.36 billion by 2023 across the globe.
Dallas, TX -- (SBWIRE) -- 02/27/2019 -- Intelligent Agriculture Market Research Analysis:
Global Intelligent Agriculture Market was worth USD 7.11 billion in 2018 and estimated to be growing at a CAGR of 13.44%, to reach USD 13.36 billion by 2023. Intelligent Agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for raising crop productivity. It includes the use of modern technologies of farming which help in improving the quality of food and growing the yield of farms.
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Smart agriculture tools are most extensively used in precision farming since they play a vital role in improving farm efficiency and help growers in maximizing their yields of the crop. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes soil properties, weather conditions, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps in identifying different soil parameters in order to maintain the nutrient level of the soil.
The driving factors of global Intelligent Agriculture market are increasing application of technologies in agriculture, rising need of monitoring livestock performance and health, government's support to adopt modern agricultural techniques, and increasing demand for food worldwide. The major constraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.
Intelligent Agriculture Market Segmentation:
The global Intelligent Agriculture market is categorized by agriculture type into livestock monitoring, precision farming, smart greenhouses, fish farming and others. By application, the market is divided into livestock monitoring applications, precision farming applications, fish farming applications, smart greenhouse applications and others. Precision Farming Applications is further divided into Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Financial Management and others. Livestock Monitoring Applications is further segmented into Feeding Management, Heat Stress Management, Milk Harvesting, Breeding Management, Animal Comfort Management, Behavior Monitoring & Management and others. Fish Farming Applications is further categorized into Fish Tracking & Fleet Navigation, Feeding Management, Water Quality Management and others. Smart Greenhouse Applications is further divided into HVAC Management, Yield Monitoring, and Water & Fertilizer Management. By offering, the market is categorized into Hardware, Software, and Services. Hardware is further segmented into Hardware for Precision Farming, Hardware for Livestock Monitoring, Hardware for Fish Farming, Hardware for Smart Greenhouse and Hardware for Others Market. The software is further divided into Local/Web Based and Cloud-Based. Services is further segmented into System Integration and Consulting, Managed Services, Connectivity Services, Assisted Professional Services and Maintenance and Support.
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The Global Intelligent Agriculture market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Intelligent Agriculture in the world, which is followed by Europe and the Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to rising populations and economies in the region.
Industry Major Players:
Some of the major players in the market are:-
- European GNSS Agency (GSA) (Czech Republic)
- Precision Ag Institute (U.S.)
- International Society for Precision Agriculture (ISPA) (U.S.)
- SPAA Precision Agriculture (Australia)
- CropLife (CropLife Media Group) (U.S.)
- Precision Agriculture Association (New Zealand)
- Agricultural Research Organization (Israel).
Major Point from Table of Content:
2. Research Methodology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
5. Market Segmentation
6. Geographical Analysis
7. Strategic Analysis
8. Market Leaders' Analysis
8.1 European GNSS Agency
8.2 Precision Ag Institute
8.3 International Society for Precision Agriculture
8.4 SPAA Precision Agriculture
8.6 Precision Agriculture Association
8.7 Agricultural Research Organization
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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