USD 7.04 billion Growth in Smart Farming Market Size with 39% Contribution from North America

AGCO Corp., Bayer AG, and Deere and Co. Emerge as major participants

NEW YORK, Sept. 5, 2022 /PRNewswire/ — The latest market analysis report titled Smart Farming Market by Product, Application, and Geography – Forecast and Analysis 2022-2026 has been added to Technavio’s catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 13.65%. The analysts at Technavio categorized the global smart farming market as a part of the global agricultural products market. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Latest market research report titled Smart Farming Market by Product, Application, and Geography - Forecast and Analysis 2022-2026 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

Latest market research report titled Smart Farming Market by Product, Application, and Geography – Forecast and Analysis 2022-2026 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

For more insights on the scope and value chain analysis, Read a FREE Sample Report

Smart Farming Market Segmentation Highlights

  • Application
  • Product
  • Geography

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Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of the pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Top 5 Smart Farming Market Players

Ag Leader Technology

The company offers smart farming solutions for growers seeking a cost-effective GPS receiver and 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.

Bayer AG

The company offers smart farming solutions which include digital applications like Climate FieldView which enable farmers to collect and analyze data from their fields to help make better, more informed decisions that can also improve harvests.

Deere and Co.

The company offers smart farming solutions which help in collecting valuable information quickly and easily, so one can analyze it to make better decisions, or share it with advisors.

Story continues

Farmers Edge Inc.

The company offers smart farming solutions by combining on-farm hardware, easy-to-use software, digital agronomy, AI-driven analytics, and support to growers that help farm data, manage risks and maximize returns.

Download a Sample Report PDF for Vendor-specific Insights and Regional Contribution

Smart Farming Market Dynamics

Rising availability of low-cost cloud services to Drive Growth

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. Moreover, the adoption rate of cloud technology is increasing at a high rate.

Big data in smart farming likely to Emerge as the Key Trend

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.

Key Market Dynamics and their impact Analysis are now Available at Technavio. Download Sample PDF

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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
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 future consumer dynamics, and market condition analysis for the 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.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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