The IoT agriculture business offers manufacturers a broad platform from which to meet all demand. Global rivalry for agricultural IoT sales is increasing. As a result of greater competition, new vendors are responding to consumer demand for more inexpensive farm IoT by offering a variety of options at competitive costs. DeLaval, Crop Metrics, Raven Industries, AeroFarms, and SmartCultiva Corporation are among the leading agricultural IoT companies.
IoT Agriculture Market Overview:
The paper provides a thorough examination of the existing and projected market scenarios in the IoT Agriculture Market. It offers insights and updates on key industries such as global demand, product manufacturing, revenue generation, and sales and income. The study also provides two scenarios for a thorough market analysis, as well as IoT Agriculture sales for the forecast term.
The first scenario assumes that the IoT Agriculture market will continue to grow at its current rate, whereas the second scenario analyzes potential disruptions in the IoT Agriculture business, such as regulatory changes or the introduction of new products. The study also involves a thorough evaluation of the competitive environment, which includes major companies, their strategies, and their strengths and weaknesses. This research gives businesses the tools they need to assess market possibilities and obstacles.
IoT Agriculture Market Size was valued at USD 11.5 Billion in 2021, and it is expected to reach USD 23.4 Billion by 2029, exhibiting a CAGR of 9.29 % during the forecast period (2022-2029)
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IoT Agriculture Market Report Scope and Research Methodology:
The IoT Agriculture market report provides a thorough examination of the market, including recent developments, trade regulations, import/export dynamics, production analysis, value chain optimization, market share, the influence of domestic and local market participants, emerging revenue opportunities, regulatory shifts, strategic market growth analysis, market size, category-specific market expansions, and regional growth.
Furthermore, the research includes a PESTLE analysis to uncover both micro and macro-level market factors. It also has a SWOT analysis that identifies the market’s strengths and weaknesses. The study focuses on global significant market players, classifying them as market leaders, followers, and new entrants.
IoT Agriculture Market Dynamics:
The research approach used to evaluate and forecast the Internet of Things (IoT) Agriculture Market began with collecting revenue information from major competitors. Individual sector global market sizes were established using secondary sources such as industry associations, white papers, and journals. The offerings of key players were also considered while segmenting the market. The bottom-up approach was used to arrive at the overall size of the IoT agriculture market, which was then verified through primary research by conducting extensive interviews with key industry personnel, such as Vice Presidents (VPs), directors, and related executives in the market.
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IoT Agriculture Market Segmentation:
by System
• Automation and control systems
• Sensing and monitoring devices
• Livestock monitoring Hardware
• Fish farming hardware
• Smart greenhouse hardware
• Software
by Application
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring
byFarm Type
• Large
• Mid-Sized
• Small Farms
Key Players:
• Deere & Company
• Trimble, Inc.
• Leica Geosystems
• Raven Industries
• AG Junction, Inc.
• Agco Corporation
• Precision Planting Inc.
• The Climate Corporation
• DeLaval
• GEA Farm Technology
• Lely
• Antelliq
• AG Leader Technology
• Tigercat
• Ponsse
• Komatsu Forest AB
• DICKEY-john Corporation
• Hitachi, Ltd
• Telit
• Decisive Farming
• OnFarm Systems Inc.
• Farmers Edge Inc.
• SlantRange, Inc.
• SmartCultiva Corporation
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Regional Analysis:
- North America (including the United States, Canada, and Mexico)
- European Union (encompassing Germany, France, the United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific region (including China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (covering Brazil, Argentina, Colombia, and the Rest of South America)
- Africa and the Middle East (spanning Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa)
The study provides comprehensive insights into various development opportunities and challenges in these regions, taking into account different product types, applications, end-users, and countries, among other factors. Additionally, the study encompasses crucial aspects of the global IoT Agriculture market, including sales growth, product pricing and analysis, growth potential, and recommendations for addressing market challenges in these specified areas.
Key Questions Answered in the IoT Agriculture Market Report are:
- What is IoT Agriculture ?
- What is the expected CAGR of the IoT Agriculture market during the forecast period?
- Which region held the largest IoT Agriculture market share in 2022?
- What are the major drivers of the IoT Agriculture Market?
- What are the IoT Agriculture Market segments?
- What factors are expected to challenge the market growth during the forecast period?
Key Offerings:
- A detailed market overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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