0

Smart Farming Market by Product, Application, and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 158
  • SKU: IRTNTR45129
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The smart farming market share is expected to increase to USD 7.04 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.65%. 

This smart agriculture market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart farming market segmentations by application (soil and crop management, fleet management, storage and irrigation management, and indoor farming), product (automation and control systems and smart agriculture equipment and machinery), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The smart farming market report also offers information on several market vendors, including Ag Leader Technology, AGCO Corp., AgJunction Inc., Auroras Srl, Bacancy Technology, Bayer AG, Cropin Technology Solutions Pvt. Ltd., Cultyvate, Deere and Co., Digital Matter, DTN, Farmers Edge Inc., Gamaya, PrecisionHawk Inc., Raven Industries Inc., Robert Bosch GmbH, Telit Communications Plc, Topcon Positioning Systems Inc., Trimble Inc., and TSI Inc. among others.

What will the Smart Farming Market Size be During the Forecast Period?

Smart Farming Market Size

Download the Free Report Sample to Unlock the Smart Farming Market Size for the Forecast Period and Other Important Statistics

 

Smart Farming Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The availability of low-cost cloud services encourages farmers to adopt smart farming is notably driving the smart agriculture market growth, although factors such as high initial investment in smart farming technology may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart farming industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Farming Market Driver

One of the key factors driving the global smart agriculture industry growth is the availability of low-cost cloud services that encourages farmers to adopt smart farming. In smart farming, sensors and other monitoring tools are of great importance as they collect information about the soil, crop health, and environmental conditions that might affect the crops. The vast amount of information generated by these monitoring devices is collected in the cloud so that farmers can get easy access to the information they need. The systems provide farmers with a better understanding of different parameters through which crop production can be increased. Moreover, the adoption rate of cloud technology is increasing at a high rate. Some of the major benefits of implementing cloud technology in agriculture are as follows:

  • Acts as an information data bank for information related to crops, weather, soil, and expert consultations
  • Promotes the circulation of agricultural products and services at a wider level by increasing the overall crop yield
  • Improves the economic conditions of farmers, as well as the quality of agricultural products

Key Smart Farming Market Trend

Big data in smart farming is one of the key smart agriculture market trends that is expected to impact the industry positively in the forecast period. Improvement in wireless communication in the agricultural field is leading to growth in production level. The improvements in functional safety and repair and maintenance of equipment in the field are giving rise to a crop production level. In addition, with the use of GPS trackers and sensors, granular data points on soil conditions and detailed information on wind and pesticide requirements can be conveyed to farmers. Data acquisition and storage have become easier with the help of big data analysis, and this promotes decision-making and other practices used by farmers. Such factors will further support the market growth in the coming years.

Key Smart Farming Market Challenge

One of the key challenges to the global smart agriculture industry growth is the high initial investment in smart farming technology. Investment in these tools is a major concern in many places. Moreover, software integration is expensive and requires high initial investments. The charges for other data analytics tools and training are also high, which adds to the overall cost incurred by farmers. The cost varies from one vendor to another, based on the type of tools being adopted. The adoption of smart farming technology depends on the land area. For instance, farmers that have a small land area find it difficult to match the level of investment with the crop production level in their fields. For larger farms, although investments are not a major concern, the integration cost of hardware and software solutions with the entire farm area remains a major challenge. This may limit the market growth in the forecast years.

This smart farming market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart farming market as a part of the global agricultural products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart farming market during the forecast period.

Who are the Major Smart Farming Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Ag Leader Technology
  • AGCO Corp.
  • AgJunction Inc.
  • Auroras Srl
  • Bacancy Technology
  • Bayer AG
  • Cropin Technology Solutions Pvt. Ltd.
  • Cultyvate
  • Deere and Co.
  • Digital Matter
  • DTN
  • Farmers Edge Inc.
  • Gamaya
  • PrecisionHawk Inc.
  • Raven Industries Inc.
  • Robert Bosch GmbH
  • Telit Communications Plc
  • Topcon Positioning Systems Inc.
  • Trimble Inc.
  • TSI Inc.

 

This statistical study of the smart farming market encompasses successful business strategies deployed by the key vendors. The smart farming market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • Ag Leader Technology - The company offers smart farming solutions for growers seeking a cost-effective GPS receiver designed for general mapping and AutoSwath functions.
  • AGCO Corp. - The company offers smart farming solutions, which help customers improve uptime, machine optimization, fleet optimization, and decision support.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart farming market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Farming Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart farming market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Farming Market?

Smart Farming Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market's growth will originate from North America during the forecast period. The US is the key market for smart farming in North America. Market growth in this region will be faster than the growth of the market in South America.

The rapid adoption of smart farming tools and techniques will facilitate the smart farming market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 disrupted the economy of North America. The rising number of COVID-19 cases in the first half of 2020 forced the governments of several countries such as Canada, Mexico, and US in the region to adopt stringent lockdown restrictions. However, in H1 2021, manufacturing and supply chain operations of vendors resumed owing to the initiation of large-scale COVID-19 vaccination programs in North America. Such factors are expected to increase the demand for smart farming solutions in the coming years, which will drive the growth of the regional smart farming market during the forecast period.

What are the Revenue-generating Application Segments in the Smart Farming Market?

Smart Farming Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The smart farming market share growth by the soil and crop management segment will be significant during the forecast period. The use of smart farming is highly important in farming, as the overall management of farms manually is comparatively difficult. The condition of the crop can be affected by different parameters, such as temperature, humidity, climate, and damage caused by insects. Hence, due to this, the smart farming market for soil and crop management will be in demand in the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart farming market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Vertical Farming Technologies market - The market share is expected to increase to USD 8.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.74%.

Precision Farming market - The market share should rise by USD 3.52 billion from 2022 to 2026 at a CAGR of 8.41%.

Smart Farming Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.65%

Market growth 2022-2026

$ 7.04 billion

Market structure

Fragmented

YoY growth (%)

12.52

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, China, Australia, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ag Leader Technology, AGCO Corp., AgJunction Inc., Auroras Srl, Bacancy Technology, Bayer AG, Cropin Technology Solutions Pvt. Ltd., Cultyvate, Deere and Co., Digital Matter, DTN, Farmers Edge Inc., Gamaya, PrecisionHawk Inc., Raven Industries Inc., Robert Bosch GmbH, Telit Communications Plc, Topcon Positioning Systems Inc., Trimble Inc., and TSI Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Smart Farming Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart farming market growth during the next five years
  • Precise estimation of the smart farming market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart farming industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart farming market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 5.3 Soil and crop management - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Soil and crop management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Soil and crop management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Soil and crop management - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Soil and crop management - Year-over-year growth 2021-2026 (%)
    • 5.4 Fleet management - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Fleet management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Fleet management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Fleet management - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Fleet management - Year-over-year growth 2021-2026 (%)
    • 5.5 Storage and irrigation management - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Storage and irrigation management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Storage and irrigation management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Storage and irrigation management - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Storage and irrigation management - Year-over-year growth 2021-2026 (%)
    • 5.6 Indoor farming - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Indoor farming - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Indoor farming - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Indoor farming - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Indoor farming - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 45: Market opportunity by Application ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 46: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 47: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 48: Chart on Comparison by Product
      • Exhibit 49: Data Table on Comparison by Product
    • 6.3 Automation and control systems - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Automation and control systems - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Automation and control systems - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Automation and control systems - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Automation and control systems - Year-over-year growth 2021-2026 (%)
    • 6.4 Smart agriculture equipment and machinery - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Smart agriculture equipment and machinery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Smart agriculture equipment and machinery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Smart agriculture equipment and machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Smart agriculture equipment and machinery - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 58: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 60: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 62: Chart on Geographic comparison
      • Exhibit 63: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 France - Market size and forecast 2021-2026
      • Exhibit 92: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 Australia - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Australia - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Australia - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 Ag Leader Technology
              • Exhibit 111: Ag Leader Technology - Overview
              • Exhibit 112: Ag Leader Technology - Product / Service
              • Exhibit 113: Ag Leader Technology - Key offerings
            • 11.4 AGCO Corp.
              • Exhibit 114: AGCO Corp. - Overview
              • Exhibit 115: AGCO Corp. - Business segments
              • Exhibit 116: AGCO Corp. - Key news
              • Exhibit 117: AGCO Corp. - Key offerings
              • Exhibit 118: AGCO Corp. - Segment focus
            • 11.5 Bayer AG
              • Exhibit 119: Bayer AG - Overview
              • Exhibit 120: Bayer AG - Business segments
              • Exhibit 121: Bayer AG - Key offerings
              • Exhibit 122: Bayer AG - Segment focus
            • 11.6 Deere and Co.
              • Exhibit 123: Deere and Co. - Overview
              • Exhibit 124: Deere and Co. - Business segments
              • Exhibit 125: Deere and Co. - Key news
              • Exhibit 126: Deere and Co. - Key offerings
              • Exhibit 127: Deere and Co. - Segment focus
            • 11.7 Farmers Edge Inc.
              • Exhibit 128: Farmers Edge Inc. - Overview
              • Exhibit 129: Farmers Edge Inc. - Product / Service
              • Exhibit 130: Farmers Edge Inc. - Key offerings
            • 11.8 Raven Industries Inc.
              • Exhibit 131: Raven Industries Inc. - Overview
              • Exhibit 132: Raven Industries Inc. - Business segments
              • Exhibit 133: Raven Industries Inc. - Key news
              • Exhibit 134: Raven Industries Inc. - Key offerings
              • Exhibit 135: Raven Industries Inc. - Segment focus
            • 11.9 Robert Bosch GmbH
              • Exhibit 136: Robert Bosch GmbH - Overview
              • Exhibit 137: Robert Bosch GmbH - Business segments
              • Exhibit 138: Robert Bosch GmbH - Key news
              • Exhibit 139: Robert Bosch GmbH - Key offerings
              • Exhibit 140: Robert Bosch GmbH - Segment focus
            • 11.10 Telit Communications Plc
              • Exhibit 141: Telit Communications Plc - Overview
              • Exhibit 142: Telit Communications Plc - Business segments
              • Exhibit 143: Telit Communications Plc - Key offerings
              • Exhibit 144: Telit Communications Plc - Segment focus
            • 11.11 Trimble Inc.
              • Exhibit 145: Trimble Inc. - Overview
              • Exhibit 146: Trimble Inc. - Business segments
              • Exhibit 147: Trimble Inc. - Key offerings
              • Exhibit 148: Trimble Inc. - Segment focus
            • 11.12 TSI Inc.
              • Exhibit 149: TSI Inc. - Overview
              • Exhibit 150: TSI Inc. - Product / Service
              • Exhibit 151: TSI Inc. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 152: Inclusions checklist
                • Exhibit 153: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 154: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 155: Research methodology
                • Exhibit 156: Validation techniques employed for market sizing
                • Exhibit 157: Information sources
              • 12.5 List of abbreviations
                • Exhibit 158: List of abbreviations
              • impact: The COVID-19 pandemic had a significant impact on the agricultural products market. The COVID-19 pandemic resulted in restrictions on the movement of workers who work in agricultural fields, changes in consumer demand, temporary closure of food production facilities, restricted trade in agricultural food products, and financial pressure on the overall agricultural products supply chain. Also, with a collapse in demand from restaurants, hotels, catering services, and the closure of open markets, the demand for agricultural products declined in 2020. However, as agricultural products are a basic necessity, the level of demand for agricultural products has been less affected by the COVID-19 pandemic when compared with other goods. The agricultural products market is expected to recover in 2021 and will grow at a moderate pace during the forecast period. The major reasons for the recovery of the agricultural products market are the relaxation of lockdown norms, the gradually reopening of the market in several countries, keeping social distancing norms in place, and the economic stimulus package announced by the governments of various countries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
                Get your sample now!
                Smart Farming Market market growth will increase by $7.04 billion during 2022-2026.
                The smart farming market market is expected to grow at a CAGR of 13.65% during 2022-2026.
                Technavio has segmented the smart farming market market by application (Soil and crop management, Fleet management, Storage and irrigation management, and Indoor farming) ,product (Automation and control systems, Smart agriculture equipment and machinery, Storage and irrigation management, and Indoor farming) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
                Ag Leader Technology, AGCO Corp., AgJunction Inc., Auroras Srl, Bacancy Technology, Bayer AG, Cropin Technology Solutions Pvt. Ltd., Cultyvate, Deere and Co., Digital Matter, DTN, Farmers Edge Inc., Gamaya, PrecisionHawk Inc., Raven Industries Inc., Robert Bosch GmbH, Telit Communications Plc, Topcon Positioning Systems Inc., Trimble Inc., TSI Inc. are a few of the key vendors in the smart farming market market.
                North America will register the highest growth rate of 39% among the other regions. Therefore, the smart farming market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                • US
                • China
                • Australia
                • France
                • Germany
                The key factors driving the smart farming market market growth are:
                • Availability of low-cost cloud services encourages farmers to adopt smart farming
                • Big data in smart farming
                The smart farming market market vendors should focus on grabbing business opportunities from the soil and crop management segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
                • Off-the-shelf research reports
                • Reports can be tailored to meet the customer's needs
                • Trusted by more than 100 fortune 500 organizations
                • Information about the market's key drivers, trends, and challenges
                • Parent market analysis
                • Every week, 50,000 people visit our subscription platform
                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

                Certified ISO 9001 : 2015

                We are ISO recognized

                We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

                We are GDPR and CCPA compliant

                We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

                Safe and Secure SSL Encrypted
                Technavio

                info
                close
                • Single:

                  One user only.
                  Quick & easy download option

                • Enterprise:

                  Unlimited user access (Within your organization)
                  Complimentary Customization Included

                2500 USD

                Technavio Get the report (PDF) sent to your email within minutes.

                Subscribe & Save

                Get lifetime access to our
                Technavio Insights

                Customized Report as per your Business Needs

                • Our analysts will work directly with you and understand your needs
                • Get data on specified regions or segments, competitor and Vendors
                • Data will be formatted and presented as per your requirements
                • We offer $1000 worth of FREE customization at the time of purchase

                Let us help you make report more suited to your requirements.

                • Get a competitive breakdown as per your niche industry
                • Customize the data with various metrics that meet your business prerequisite
                • Understand Revenue Sources, Customers and many more
                • Details on Market Share
                • These customizations are done in a short amount of time by our analysts and industry experts
                Technavio
                Enquire Before Buying
                17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>