DUBLIN–(Enterprise WIRE)–Aug 17, 2021–
The “Agriculture IoT Market with COVID-19 Influence Evaluation by Hardware, Software (Precision Farming, Precision Forestry, Precision Livestock, Precision Aquaculture, Smart Greenhouse), Farm Measurement, Manufacturing Stage, and Geography – Worldwide Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The agriculture IoT market is estimated to develop from USD 11.4 billion in 2021 to USD 18.1 billion by 2026 at a CAGR of 9.8% all by way of 2021-2026.
The enlargement of the agriculture IoT market is pushed by factors Similar to developing undertakeion of The internet of Issues (IoT) and synthetic intelligence (AI) by farmers and developers, rising Think about livestock monitoring and illness detection, extreme demand for current produce, inhabitants progress, Lack of arable land, surging undertakeion of aquaculture monitoring and feed optimization mannequins in creating nations, And extremely effective authorities assist for precision farming practices.
“Precision aquaculture application to register greater CAGR Through the forecast interval”
The agriculture IoT Market for the precision aquaculture application half is projected to register The greater CAGR Through the forecast interval, by application. Increasing demand for exact-time monitoring of fishing exercise is The primary set off behind the extreme progress of the agriculture IoT market in aquaculture farm monitoring purposes. Furtherextra, developing authorities assist worldwide for currentwater aquaculture production, and rising investments in technological analysis and product improvements to further increase the demand for the market.
“Manufacturing Strategy planning stage is estimated To primarytain The Most very important share of the market Through the forecast interval”
The production Strategy planning stage half of the agriculture IoT market is estimated to register The Most very important market share in 2026, by the farm production Strategy planning stage. Farmers are extensively using agriculture IoT hardware mannequins for monitoring and knowledge analytics purposes So as to formulate knowledge-pushed stpricegies To maximise income.
Data pertaining to production processes, crops, and gear is collected with The assist of sensors. This knowledge is saved Inside the cloud, and knowledge analytics options geneprice insights with such knowledge. Farm house owners can leverage these insights and make important selections about their farms.
“Small farm half to register greater CAGR Through the forecast interval”
The agriculture IoT Market for small farm half is projected to register The greater CAGR Through the forecast interval, by farm size. Small farms are anticipated to undertake automation and completely different superior utilized sciences On The very biggest price Inside The approaching years As a Outcome of of reducing value of farm automation gear and developments in know-how that make it extra possible to deploy automation devices even on smaller farms To understand extreme returns on investments.
“Automation and administration methods for precision farming hardware half is estimated To primarytain The Most very important share of the market Through the forecast interval”
The automation and administration methods for the precision farming hardware half of the agriculture IoT market is estimated to register The Most very important market share in 2026, by hardware type. The developing demand for drones/unmanned aerial automobiles (UAVs) is A critical set off behind the extreme progress of The marketplace for automation and administration methods. Additionally, the developing undertakeion of automation and administration mannequins Similar to GPS/GNSS, irrigation administrationlers, and steerage and steering methods Is predicted to drive The marketplace for automation and administration methods.
“APAC is projected To Wind up to be the quickest geographical market between 2021 and 2026”
APAC is More probably to be the quickest-rising agriculture IoT market Through the forecast interval. Agriculture IoT methods are anticipated to be undertakeed at a extreme price in APAC.
This area consists of rising nations Similar to India, China, and nations in South East Asia. Quickly rising inhabitants, availability of arable land, And extremely effective authorities assist for farmers by way of subsidies Inside these areas are The primary factors driving the undertakeion of agriculture IoT utilized sciences in APAC.
Main gamers profiled On this report:
The agriculture IoT market is dominated by A pair of established gamers Similar to Deere & Agency (US), Trimble Inc. (US), Raven Industries (US), DeLaval (a subsidiary of Tetra Laval Worldwide, S.A.) (Sweden), and AKVA group (Norway).
- Strong Government Support for Promoting Use of Precision Farming Techniques
- Increasing Adoption of IoT and Ai for Numerous Agricultural Softwares
- Rise in Quantity Of financial-Scale Indoor Farms To fulfill Increasing Demand for Meals, As properly as to Lack of Arable Land
- Surging Adoption of Aquaculture Monitoring and Feed Optimization Devices in Developing Countries
- Elevated Adoption of Vrt, Distant Sensing, and Guidance Technologies by Farmers Worldwide
- Increasing Focus on Real-Time Monitoring and Early Disease Detection
- High Upfront Cost for Deployment Of current Agricultural Equipment
- Lack of Technical Information and Expertise Amongst Farmers
- Fragmented Agriculture Industry
- Growing Adoption of Uavs or Drones in Agricultural Farms
- Rising Adoption of Livestock Monitoring Solutions in Developing Countries
- Growing Popularity of Poultry Robots and Bsc Smart Cameras
- Increasing Quantity of Cage-Based mostly Farms in Developing Regions Such as India, China, and South East Asian Countries
- Introduction of Agriculture-Particular Smartphone Softwares
- Unavailability Of simple and Standardized Data Management and Data Aggregation Tools
- Emergence and Re-Emergence of Illnesses and Environmental Considerations
Trfinishs/Disruptions Influenceing Custom-madeer’s Industry
- Revenue Shift & New Revenue Pockets for Agriculture IoT Hardware Producers
- Web of Issues (Iot) Shaping Agriculture IoT Market
- Ai, Ar/Vr, and Blockchain in Aquaculture to Acceleprice Market Growth
- Use of Farm Automation Solutions, Distantly Opepriced Vehicles, and Feeding Robots To Scale again Labor Prices
- Adoption of Robotic Cages and Underwater Drones in Aquaculture Farms
- Ai and Blockchain in Livestock Farming
- Physique Conditioning Scoring (Bcs) Systems
- Technology Adoption in Dairy Farms
- Technology Adoption in Poultry Farms
- Integration of Telematics with Forest Mechanization in Precision Forestry
- Creation of Lidar-Fitted Uavs in Precision Forestry
Case Research: Agriculture IoT Market
- Open Blue: Innovasea Helps Open Blue Become Largest Open-Ocean Fish Farm in World
- Earth Ocean Farms: Innovasea Permits Earth Ocean Farms to Increase Manufacturing with Rugged Evolution Pens
- Erko Seafood As: Akva Group’s Expertise and Quick Service, Erko Seafood as Found Real Deal
- Allflex: Livestock Monitoring Reply Enhancing Breeding Rate in Dairy Cows
- Latium: Ranchers in Ghana Distantly Monitoring Their Livestock
- Onnecterra: Ai-Based mostly Reply Enhancing Farm Productiveness
- Whitesides Used Agworld Computer software Platform for Doc-Maintaining and Custom-made Fertilizer Software
- Anna Binna Farms Used Agworld Computer software Platform for Farm Doc Maintaining System and for Pre-Emergent Herbicides
- Murdoch Household: Agworld Computer software Platform, Murdoch Household Digitized Their Farm Management for Improved Accuracy and Profitability
- Lilliput AG Goals To reinforce Planning by Capturing Data with Agworld Platform
Companys Talked about
- AG Chief Technology
- Akva Group
- Allflex (Subsidiary of Merck & Co. Inc.)
- Deere & Agency
- Delaval (Subsidiary of Tetra Laval Worldwide, S.A.)
- Descartes Labs
- Eruvaka Technologies
- Farmers Edge
- Hexagon Agriculture (Subsidiary of Hexagon Group)
- In-Situ, Inc.
- Innovasea Systems
- Komatsu Forest
- Raven Industries
- Steinsvik (An factor of Scale Aq)
- Teejet Technologies
- The Local climate Company
- Topcon Positioning Systems
- Trimble Inc.
For extra Particulars about this report go to https://www.analysisandmarkets.com/r/r9ithi
View supply mannequin on businesswire.com:https://www.businesswire.com/information/house/20210817005557/en/
Laura Wooden, Senior Press Supervisor
For E.S.T Office Hours Name 1-917-300-0470
For U.S./CAN Toll Free Name 1-800-526-8630
For GMT Office Hours Name +353-1-416-8900
INDUSTRY Key phrase: SOFTWARE TECHNOLOGY DATA MANAGEMENT
SOURCE: Research and Markets
Copyright Industry Wire 2021.
PUB: 08/17/2021 08:06 AM/DISC: 08/17/2021 08:06 AM
Copyright Industry Wire 2021.