Global Agriculture Technologies Market, By Offering (Hardware, Software and Services), Agricultural Type (Precision Farming, Live Stock Monitoring and Others), Application (Fish Farming, Smart Green House, Precision Farming Applications, Livestock Monitoring Applications and Others) – Industry Trends and Forecast to 2030.
Agriculture Technologies Market Analysis and Size
Several technologies such as humidity and temperature sensors, robots, aerial photography, GPS technology, and others are used in the agricultural and food industries. Robotic systems and advanced devices provide a business that is efficient, friendly, secure, and profitable. Other major technologies widely used on farms include harvesting automation, independent tractors, sowing and weeding, and drones. Farm automation technology looks at major issues such as global population growth, shortage of farmworkers, and changes in consumer preferences.
Data Bridge Market Research analyses that the agriculture technologies market which was USD 20.52 billion in 2022, expected to reach USD 56.74 billion by 2030, and is expected to undergo a CAGR of 13.23% during the forecast period 2023-2030. This indicates that the market value “hardware” dominates the offering segment of the agriculture technologies market owing to improve customer service or supplier relationships. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Agriculture Technologies Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015-2020) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Offering (Hardware, Software and Services), Agricultural Type (Precision Farming, Live Stock Monitoring and Others), Application (Fish Farming, Smart Green House, Precision Farming Applications, Livestock Monitoring Applications and Others) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa |
Market Players Covered |
Deere & Company (U.S.), Trimble, Inc. (U.S.), Raven Industries (U.S.), Agjunction, Inc. (Canada), AGCO Corporation (U.S.), AG Leader Technology (U.S.), Precision Planting, Inc. (U.S.), SST Development Group, Inc. (U.S.), Teejet Technologies (U.S.), Topcon Positioning Systems, Inc. (U.S.), Dickey-John Corporation (U.S.), Cropmetrics LLC (Nebraska), Certhon (Netherlands) and Nexus Corporation (U.S.) |
Market Opportunities |
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Market Definition
Agricultural technologies are used in hardware or machines which are used in the farming process. These technologies make the machinery work in the same way as to be done by humans and animals for farming. It has brought a revolutionary change in modern farming on the global level. Agricultural technology is used to produce machinery to be employed in agriculture and to make food products.
Global Agriculture Technologies Market Dynamics
Driver
- Rise in Usage of Technology in the Farming Process Worldwide
Agricultural development practices over a while have been perceived to exploit natural resources faster than they could be renewed. Exponential growth in the human population has resulted in demand for food and shelter, which the “natural” carrying capacity of the land is under pressure to provide. Natural imbalance is visible in pollution, soil degradation, wildlife population decline, and human-created alterations of flora and fauna. It is reasonable to assume that human population growth will continue and place greater demands on the agro-ecosystem. Thus, technology has and will continue to play a major role in agriculture and sustainable development going forward. This is expected to drive the global agriculture technologies market.
Opportunity
- Increasing Need for Examining the Health of the Live Stock
Over the past century, enormous progress has been achieved worldwide in improving human welfare. Societies have changed radically thanks to quantum leaps in technology, rapid urbanization, and innovations in production systems. Yet conditions in today’s world are a far cry from the world ‘free of fear and want’ envisioned at the foundation of the United Nations. Similarly, much remains to be done to fulfil the vision of the Food and Agriculture Organization of the United Nations (FAO). This is expected to provide a better opportunity for global agriculture technologies market.
Restraint/Challenge
- Less Skilled Farmer
Smallholder farmers face challenges throughout the agricultural cycle, from crop planning and purchase of inputs to harvesting, processing, and sale of their products. Many of these challenges stem from insufficient information. For example, smallholder farmers’ access to better credit facilities can be hindered by financial illiteracy and the inability to provide the necessary information to financial institutions for credit analysis and loan appraisal. This is expected to restrain the market growth.
This global agriculture technologies market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the agriculture technologies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2018, the Watson decision platform for agriculture to be driven by IBM Corporation which will integrate data and artificial intelligence within farming. This will help the food producers and their suppliers to easily manage their raw materials and finished products
Global Agriculture Technologies Market Scope
The global agriculture technologies market is segmented on the basis of offering, agricultural type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Hardware
- Software
- Services
Agricultural Type
- Precision Farming
- Livestock Monitoring
- Others
Application
- Fish Farming
- Smart Green House
- Precision Farming Applications
- Livestock Monitoring Applications
- Others
Global Agriculture Technologies Market Regional Analysis/Insights
The global agriculture technologies market is analysed and market size insights and trends are provided by country, offering, agricultural type and application as referenced above.
The countries covered in the agriculture technologies market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa.
Europe will dominate the agriculture technologies market due to growth of agricultural technology which can be attributed to increased start-up activity in agricultural and food innovations, high adoption rates of agricultural technology, and crowd funding for various indoor agricultural initiatives. Asia-Pacific is expected to witness the highest growth rate due to population growth, disposable income, and the deployment of various technologies in the food and agriculture industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Agriculture Technologies Market Share Analysis
The global agriculture technologies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global agriculture technologies market.
Some of the major players operating in the global agriculture technologies market are
- Deere & Company (U.S.)
- Trimble, Inc. (U.S.)
- Raven Industries (U.S.)
- Agjunction, Inc. (Canada)
- AGCO Corporation (U.S.)
- AG Leader Technology (U.S.)
- Precision Planting, Inc. (U.S.)
- SST Development Group, Inc. (U.S.)
- Teejet Technologies (U.S.)
- Topcon Positioning Systems, Inc. (U.S.)
- Dickey-John Corporation (U.S.)
- Cropmetrics LLC (Nebraska)
- Certhon (Netherlands)
- Nexus Corporation (U.S.)
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