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The smart agriculture market is expected to reach USD 18.45 Billion in 2022 and to grow at a CAGR of 13.8% during the forecast period. The base year used for this study is 2015 and the forecast period is 2016 to 2022. This report provides a detailed analysis of the market on the basis of hardware and network platform, services, software, application, and regions.
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Smart Agriculture Market is estimated to reach USD 18.45 Billion by 2022, at a CAGR of 13.8% between 2016 and 2022.
About our Report • The market for sensor monitoring systems is expected to hold the largest share of the smart agriculture market by 2022 • The market for system integrators dominated the Smart agriculture market on the basis of services in 2015. This is mainly because of the important role it plays in the integration of the software and hardware equipment. It helps in troubleshooting and diagnosing farm management solutions, which also involves developing new concepts related to software and hardware equipment.
Inside of Report • Browse: • 71 market data tables. • 53 figures spread through 145 pages. • in-depth TOC on “Smart Agriculture Market- Forecast to 2022”. • GPS/GNSS is expected to hold a large share of the market in the hardware and network platform segment of the Smart agriculture market in 2015. GPS is used in tractor guidance, variable rate technology (VRT), soil condition monitoring, livestock tracking, and others. GPS technology provides various benefits in smart agriculture such as minimizing overlapping and spraying gaps, reducing the use of fertilizer, reducing chemical costs, and ensuring minimal environmental impact. • The precision farming application is expected to account for the largest share of the application segment of the smart agriculture market. Smart agriculture optimizes the efficiency of fields and operational practices in use. Precision farming helps growers to break down fields into zones, creating a site-specific approach to maximize yields and minimize input costs.
Table of Content 1 Introduction (Page No. - 14) 1.1 Objectives of the Study 1.2 Market Definition 1.3 Study Scope 1.3.1 Markets Covered 1.4 Years Considered for the Study 1.5 Currency 1.6 Limitations 1.7 Stakeholders 2 Research Methodology (Page No. - 17) 2.1 Research Data 14 Appendix (Page No. - 138) 14.1 Insights of Industry Experts 14.2 Discussion Guide 14.3 Introducing RT: Real-Time Market Intelligence 14.4 Available Customizations 14.5 Related Reports
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Company Coverage • Ag Junction (U.S.) • Deere & Company (U.S.) • Raven Industries Inc. (U.S.) • Trimble Navigation Ltd. (U.S.) • AGCO Corporation (U.S.)
Summary The precision farming application is expected to account for the largest share of the application segment of the smart agriculture market. Smart agriculture optimizes the efficiency of fields and operational practices in use. Precision farming helps growers to break down fields into zones, creating a site-specific approach to maximize yields and minimize input costs. Yield monitor is one of the essential elements of precision farming, which record site-specific yield data on the basis of moisture content observed by sensors inside the harvester. The smart agriculture market is estimated to have a high growth potential till 2022. The total market segmented on the basis of application (hardware and network platform and services) is expected to reach USD 18.45 Billion by 2022 from USD 9.02 Billion in 2016, at a CAGR of 13.8% between 2016 and 2022.
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