IoT in agriculture includes IoT-based advanced technological tools, equipment, systems and solutions to improve the operational efficiency, optimize yield, and reduce wastage of energy through real-time field data collection, data analysis, data storage and development of control platform. Various IoT-based applications such as precision farming, smart greenhouse, livestock monitoring and fish farm monitoring, are projected to be instrumental in improving the speed of the agriculture processes. Smart-farming also known as precision-farming is offering more returns for the agriculture sector. There are several factors which can have an adverse impact on farming. Nature, soil, climate, plant, field are some of the vital factors in agriculture. Smart farming comprises irrigation, fertilizing, planting and minimizing wastages in agriculture. The overall cost and expenses in farming are efficient with smart devices. The use of VRT technology is a major driver for the IoT in the agriculture market. Other technologies such as sensors, mapping, GPS, data management software improve the profitability in the agriculture sector. Few other benefits of smart farming are sustainability, cost reduction and reduction in labor cost. All these advantages are possible with IoT in agriculture. These are the prominent actors which propel market demand. Further, the VRT provide site-specific services in the agricultural field. There are environmental benefits owing to IoT in agriculture. The IoT technologies minimize the green gas emission and soil erosion. The rise in the VRT market will positively impact the IoT in the agriculture market. Furthermore, various governments are interested in smart technologies in farming. The government initiatives for IoT in agriculture are massive. It is also major driver for the market. The governmental support will result in high adoption of IoT in agriculture. The cost benefits and plenty of other governmental subsidies allure more end-users towards IoT in agriculture practice. All these factors result in high IoT in Agriculture Market Profit in the forecast period. 

Additionally, the launch of UAV drones is providing exceptional growth opportunities for the market. Unmanned aerial vehicles are popular on battlefields. However, the adoption of UAV drones is obtaining more traction in the agriculture sector. The aerial images captured by these drones save time and money in the agriculture field. The cost efficiency, functions and operation of the UAV drones will create huge demand.

The global Agriculture IoT Market is segregated on the basis of component as Industrial Sensors, Industrial Robots, Industrial 3D Printers and Machine Vision Systems. Based on Solution the global Agriculture IoT Market is segmented in Manufacturing Execution System (MES), Plant Asset Management (PAM), SCADA, Industrial Safety and Others. Based on Industry Vertical the global Agriculture IoT Market is segmented in Automotive, Semiconductor & Electronics, Chemicals & Pharmaceuticals, Food & Beverages, Oil & Gas, Aerospace & Defense, Medical Devices and Others.

The global Agriculture IoT Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Agriculture IoT Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Accenture, AG Leader Technology, AG-NAV INC., AGCO Corporation, AgEagle and others are among the major players in the global Agriculture IoT Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In March 2021, Deere & Company introduced an updated version of ExactRate, which is an on-planter system which fertilizes new crops with twice the earlier speed and minimizes the number of refills required for fertilizer tanks during planting.
• In February 2021, DeLaval launched RC550 & RC700 to its portfolio of robots. These robots were designed for solid floors to enhance cow comfort and hoof condition. With their distinct rotary manure intake system, any type of manure can be managed by the collector, and additional water is not required.
• In January 2021, Raven Industries launched its first driverless agriculture technology for harvesting operations. It assists farmers to monitor driverless vehicles by laying field plans, adjusting speeds and monitoring location activities.

The global Agriculture IoT Market has been segmented as below:

Agriculture IoT Market, By Application

• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring

Agriculture IoT Market, By System

• Automation and control systems
• Sensing and monitoring devices
• Livestock monitoring Hardware
• Fish farming hardware
• Smart greenhouse hardware
• Software

Agriculture IoT Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Agriculture IoT Market, By Company

• Accenture
• AG Leader Technology
• AG-NAV INC.
• AGCO Corporation
• AgEagle
• AgJunction Inc.
• Caterpillar
• Cattle Watch
• Cisco Systems, Inc.
• CNH Industrial
• Connecterra
• CropMetrics LLC
• Decagon
• Decisive Farming
• Deepfield Robotics
• Deere and Company
• Delaval, Inc.
• Dickey John

The report covers the below scope:

• Global Agriculture IoT Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Agriculture IoT Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Agriculture IoT Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Agriculture IoT Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Agriculture IoT Market share. Major industry players with significant revenue share include Accenture, AG Leader Technology, AG-NAV INC., AGCO Corporation, AgEagle and others.

Why to Buy this Report:

• Gain detailed insights on the Agriculture IoT industry trends
• Find complete analysis on the market status
• Identify the Agriculture IoT Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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