Agriculture Technology

Agriculture technology is penetrating the market at an accelerated pace in modern farms and agricultural operations, allowing businesses to be more profitable, efficient, safer, and more environmentally friendly.  The use of agriculture technology has been spreading in precision farming, livestock, fish farming, and smart greenhouses with the aim of improving yield, profitability, and efficiency.

These operations rely on agricultural technology that support the use of sensor data, telematics (for example GPS guidance systems for tractors), robotics and drones, Lidar, and GPS or GNSS, and monitors as a measure to support precision agriculture practices for modern farms that use data from IoT devices such as sensors and monitors to make farming operations highly productive.  Agriculture technology offers benefits such as real-time insights, yield monitoring systems, field management, improved farming procedures, cost efficient technology and procedures, better quality produce, and less wastage.

Agriculture Technology Provides Improved Yield Monitoring and Farming Procedures

There is a growing demand for yield monitoring systems, which helps users measure the crop/fruit yield for a specific area, and map and compare different seed varieties’ performance across the field.  Yield monitoring sensors are integrated with GPS-obtained information to help monitor the crop/fruit yield.

In addition, agriculture technology also helps in better suggestions of cover crops (farmers are using cover crops to protect soil during off seasons), strip tilling/no-till methods, farm machinery, and variable rate fertilization and irrigation.

Agriculture Technology Market Strategic Issues 

In addition to providing a five-year market forecast, the Agriculture Technology Market Research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Users: Predictive Maintenance

When machines can make their own recommendations on when they need service or replacement, the result is a lower chance of downtime, which means no delays in harvesting and lower chances of products spoiling before they can be collected. 

Strategic Issue for Suppliers: Adopt IoT in Fields

Owing to technological advancements in agriculture, companies are now producing sensors at the farm level to help predict micro weather patterns, improve the timing of planting and harvesting, and these sensors also help monitor specific crop areas’ fertilizer and water requirements.

Strategic Issue for All Market Participants: Economic Decline Due to COVID-19  

The COVID-19 outbreak has caused disruptions to global supply chains and business operations.  While the pandemic did not impact the 2019 demand for agriculture technology, the market projections do take into account industry trends with ARC’s best estimates for how the COVID-19 pandemic will impact the agriculture technology market in different facilities.  
 

Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Regional studies include country and industry market data.  Country studies include market trends and industry data.  Studies and formats available are listed below:

MIRA Workbook PDF File
Worldwide (includes regional data) Yes Yes
North America (includes country data) No No
Latin America (includes country data) No No
Europe, Middle East, Africa (includes country data) No No
Asia (includes country data) No No
Country Profiles (includes Country Data) No No

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Regional Trends
  • Strategic Recommendations

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Revenue Type
    • Hardware
    • Services
  • Market Shares by Hardware Type
    • Drones and UAVs
    • Yield Monitors
    • Livestock Monitors
    • Sensors
    • Automation Systems
    • Lidar and GPS or GNSS
    • Guidance and Steering
    • Displays
  • Market Shares of Service Type
    • Installation
    • Post Installation
  • Market Shares by Sensor
    • Soil Sensors
    • Water Sensors
    • Temperature Sensors
    • Other Sensors
  • Market Shares by Automation System
    • Irrigation Systems
    • Flow Control Systems
    • Livestock and Fisheries Systems
    • Other Automation Systems
  • Market Shares by Facility Type
    • Dairy and Livestock Farming
    • Precision Farming
    • Fish Farming
    • Greenhouse Farming
  • Market Shares by Project Type
    • New
    • Replacement
    • Upgrade
  • Market Shares by Customer Type
  • Market Shares by Sales Channel

Market Forecast

  • Total Agriculture Technology Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Revenue Type
    • Hardware
    • Services
  • Shipments by Hardware Type
    • Drones and UAVs
    • Yield Monitors
    • Livestock Monitors
    • Sensors
    • Automation Systems
    • Lidar and GPS or GNSS
    • Guidance and Steering
    • Displays
  • Shipments of Service Type
    • Installation
    • Post Installation
  • Shipments by Sensor
    • Soil Sensors
    • Water Sensors
    • Temperature Sensors
    • Other Sensors
  • Shipment by Automation System
    • Irrigation Systems
    • Flow Control Systems
    • Livestock and Fisheries Systems
    • Other Automation Systems
    • Shipments by Facility Type
    • Dairy and Livestock Farming
    • Precision Farming
    • Fish Farming
    • Greenhouse Farming
  • Shipments by Project Type
    • New
    • Replacement
    • Upgrade
  • Shipments by Customer Type
  • Shipments by Sales Channel

Industry Participants

The research identifies all relevant suppliers serving this market. 

For More Information

For more information or to purchase the Agriculture Technology Market Research study, please contact us.