Smart Agriculture Market is estimated to hit $9.91 billion by 2023

According to the new market research report by IndustryARC titled “Smart Agriculture Market: By Hardware (Sensors, Displays, Transceivers, Gateways and Others); By Solution (Remote Monitoring, Supply Chain Management, Quality Assurance, Data Analytics, Connectivity and Others) & By Service – With Forecast – (2018-2023)”, the market is largely driven by increased need for continuous monitoring and reporting yield performance in corporate farming.

North America continues to lead the market share during 2018-2023.

North America is the major shareholder amongst all the regions due to advancements in technology and better connectivity, due to improved telecommunication infrastructure. North America held $3.19 billion in 2017 and is estimated to reach $4.02 billion by 2023, with a growth rate of 4.0% CAGR during the forecast period, followed by Europe and Asia-Pacific. The penetration of this market in North America is considerable, mainly due to the heightened awareness on technological impact on agriculture and related benefits, existence of large scale and smart farming and high penetration of mechanized farming. The hardware market for smart agriculture in North America was valued at $546.7 million in 2017 and is set to reach $689.41 million by 2023. Sensors is the single largest segment followed by Gateways segment, whereas transceivers category is set to grow briskly.

Asia-Pacific is the fastest growing region due to growing farm mechanizations and corporate farming as well as increased emphasis by government into smart agriculture in developing countries such as India, China and many more. APAC is projected to register the highest growth rate of 5.3% CAGR during the forecast period and is expected to reach $2.01 billion by 2023, followed by Europe and North America. Growing urban agriculture and adoption of technologies in various farming stages is boosting the market in Europe.

Selected / Sample Analysis done in the full Report:

  • Value chain for smart agriculture market has been established as an interdependent and complex network comprising of component providers, software providers, integrated solution companies, farm equipment manufacturers and so on.

  • Growing demand has triggered the need for extended role of integrators in the supply networks. Defining and implementing the R&D pipeline according to the market trends and future applications and establishing value chain frameworks accordingly has made the industry more agile.

  • Sensors, actuators, transceivers, displays acts as an input to the smart agriculture solution providers. Smart agriculture solutions are deployed directly to the end users like farmers and agri businesses.

  • Services play an important role to manage and maintain continuous functioning of solutions at the end user level. The market players are involved in implementing, integrating, maintaining and consulting services. These services has also become a key area of differentiation.

  • Connectivity services are provided to provide access to cloud and IoT farming based management services. The competition is intensified with innovation and value added services and constant communication being the major focus areas and competitive strengths.

  • Market players continuously get involved in launching product extensions to attract the consumers. Farm equipment market giants such as John Deere and AGCO have their own set of precision farming offerings which are integrated into their tractors, self-propelled vehicles, harvesters and so on.

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Excerpts on Market Growth Factors Mentioned in the Full Report:

  1. The environmental impact of over-use of the farm inputs such as machinery, fuel and pesticide is one of the major factors that is driving significant growth for the smart agriculture market.

  2. Growth in urban agriculture and adoption of smart agriculture technology in various stages of crop production cycle is also projected to propel the growth for the market during the forecast period.

  3. Good control of entire operation with a system that gives clarity, certainty connectivity that is needed by the smart farmer is driving the market growth and there have been a large number of installations of various agriculture sensors and displays in the past few years.

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Key Players of the Smart Agriculture Market:

Deere & Company is one of the leading companies in the smart agriculture market with its products/solutions such as displays and receiver, guidance and machine control, field and crop solutions and others. AGCO Corporation, Raven Industries Inc., AgJunction Inc., Trimble Navigation Ltd are the other key players in the market. AGCO launched ‘Fuse’ connected services which combines the right machines, technology, parts, services and support to help the customers optimize their operation. Raven Industries launched AccuFlow Vortex system, an anhydrous NH3 application system which increases capacity in single cooler and maximizes applicator time. AgJunction launched Outback STX, a Value-based Steering Terminal with Broad GNSS Versatility for high-accuracy auto-steer systems. Trimble added a new product GNSS receiver to its Geo spatial portfolio which is scalable and also introduced new portable android-based display for agriculture. The market is highly competitive with presence of several international and domestic key players. These companies are transforming the market with product innovations.

Smart Agriculture Market Report is segmented as below.

  • Smart Agriculture Market By Hardware:

  1. Sensors

  2. Displays

  3. Transceivers

  4. Gateways

  5. Others

  • Smart Agriculture Market By Service:

  1. Integration

  2. Implementation

  3. Maintenance

  4. Consulting

  • Smart Agriculture Market By Solution:

  1. Remote Monitoring

  2. Supply Chain Management

  3. Quality Assurance

  4. Data Analytics

  5. Connectivity

  6. Others

  • Smart Agriculture Market By Geography ( Covers 14+ Countries )

  • Smart Agriculture Market Entropy

  • Companies Citied / Interviewed









  9. Company 9

  10. Company 10+

Related Report:

  1. Plant Growth Regulators Market

  1. Farm Equipment Market

What can you expect from the report?

The Smart Agriculture Market Report is Prepared with the Main Agenda to Cover the following 20 points:

  • Market Size by Product Categories

  • Market trends

  • Manufacturer Landscape

  • Distributor Landscape

  • Pricing Analysis

  • Top 10 End user Analysis

  • Product Benchmarking

  • Product Developments

  • Mergers & Acquisition Analysis

  • Patent Analysis

  • Demand Analysis ( By Revenue & Volume )

  • Country level Analysis (10+)

  • Competitor Analysis

  • Market Shares Analysis

  • Value Chain Analysis

  • Supply Chain Analysis

  • Strategic Analysis

  • Current & Future Market Landscape Analysis

  • Opportunity Analysis

  • Revenue and Volume Analysis

Frequently Asked Questions:

Does IndustryARC publish country, or application based reports in Smart Agriculture Market?

Response: Yes, we do have separate reports and database as mentioned below:

    1. North America Market for Smart Agriculture Market (2018-2023)

    2. APAC Market for Smart Agriculture Market (2018-2023)

    3. Europe Market for Smart Agriculture Market (2018-2023)

    4. Integration Market for Smart Agriculture Market (2018-2023)

    5. Implementation Market for Smart Agriculture Market (2018-2023)

    6. Maintenance Market for Smart Agriculture Market (2018-2023)

    7. Consulting Market for Smart Agriculture Market (2018-2023)

    8. Sensors Market for Smart Agriculture Market (2018-2023)

    9. Displays Market for Smart Agriculture Market (2018-2023)

    10. Transceivers Market for Smart Agriculture Market (2018-2023)

    11. Gateways Market for Smart Agriculture Market (2018-2023)

Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization

      1. Increase the level of data in application or end user industry.

      2. Increase the number of countries in geography or product chapter.

      3. Find out market shares for other smaller companies or companies which are of interest to you.

      4. Company profiles can be requested based on your interest.

      5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to to discuss more about our consulting services.

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Mr. Venkat Reddy
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