Global Smart Farming Market – Industry Trends and Forecast to 2026

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Global Smart Farming Market, By Offering (Hardware, Software, Services), Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farm Monitoring & Others), Application (Smart Greenhouse Applications, Fish Farming Applications & Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Smart Farming Market

Global smart farming market is driven by the huge increase in adoption of technology within farming globally, which is projecting a rise in estimated value from USD 7.53 billion in 2018 to an estimated value of USD 19.75 by 2026, registering a CAGR of 12.81% in the forecast period of 2019-2026.

Market Definition: Global Smart Farming Market

Smart faming can be defined as application of one or more than one technology in the farming process to gain more efficiency and effectiveness. Smart faming is the advanced and innovative way of doing farming to get the maximum output and to reduce the human efforts. Advance technology includes usage of hardware, service and software to the process of farming. The technology includes irrigation management, scouting of crops, harvesting, seeding and many more.

Market Drivers:

  • Huge acceptance of technology within the farming as it is more effective and efficient and utilize the resources in the best manner
  • Rise in the demand for controlling and monitoring the livestock health, which helps in taking proper measures within the growth process.
  • Huge increase in the population across the globe increases the demand for food. This increases the use of technology and automation within the farming process to get the maximum yield and output.

Market Restraints:

  • Huge initial capital investment is a big barrier in smart farming as every farmer or person indulged into farming can’t be able to do investment at such a level.
  • Lack of infrastructure in Asia pacific regions whose major population is into the farming & agricultural related business
  • Lack of agricultural based technical knowledge & skilled farmer across the globe is one of the major restraints.

Segmentation: Global Smart Farming Market

  • By Offering
    • Hardware
      • Precision Farming Hardware
        • Automation and Control Systems
          1. Drones/Uavs
          2. Irrigation Controller
          3. GPS/GNSS
          4. Flow and Application Control Devices
          5. Guidance and Steering
          6. Handheld Mobile Devices/Handheld Computers
          7. Displays
          8. Others
        • Sensing and Monitoring Devices
          1. Yield Monitors
          2. Soil Sensors
          3. Water Sensors
          4. Climate Sensors
          5. Others
      • Livestock Monitoring Hardware
        • Rfid Tags and Readers
        • Sensors
        • Control System
        • GPS
        • Others
      • Fish Farming Hardware
        • GPS/GNSS
        • Sensors
        • Others
      • Smart Greenhouse Hardware
        • HVAC Systems
        • Led Grow Lights
        • Sensors
        • Others
    • Software
      • Local/Web Based
      • Cloud Based
        • Platform as A Service (PaaS)
    • Services
      • System Integration and Consulting
      • Managed Services
        • Farm Operation Services
        • Data Services
        • Analytics
      • Connectivity Services
      • Assisted Professional Services
        • Supply Chain Management Services\
        • Climate Information Services
        • Others
      • Assisted Professional Services
  • By Agriculture Type
    • Precision Farming
    • Livestock Monitoring
    • Smart Greenhouse
    • Fish Farm Monitoring 
    • Others
  •       By Application Type
    • Precision Farming Application
      • Yield Monitoring
      • Field Mapping
      • Crop Scouting
      • Weather Tracking & Forecasting
      • Irrigation Management
      • Inventory Management
      • Farm Labor Management
      • Financial Management
      • Others
    • Livestock Monitoring Applications
      • Feeding Management
      • Heat Stress Management
      • Milk Harvesting Management
      • Breeding Management
      • Animal Comfort Management
      • Behaviour Monitoring & Management
      • Others
    • Fish Farming Applications
      • Fish Tracking & Fleet Navigation
      • Feeding Management
      • Water Quality Management
      • Others
    • Smart Greenhouse Applications
      • HVAC Management
      • Yield Monitoring
      • Water & Fertilizer Management
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific
    • Middle East and Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Key Developments in the Market:

  • In September 2018, Swiss farms with the support of AGCO Corporation in software and hardware officially opened swiss future farms. This has been opened to make digital agriculture more strong and feasible by giving educational and consultancy services.
  • In January 2018, South Dakota State University partnered with raven industry to establish smart agriculture amenities within the south dakota university campus

Competitive Analysis: Global Smart Farming Market

Global smart farming market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Smart Farming Market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Smart Farming Market

Few of the major competitors currently working in smart farming market  are Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., , Vertical Farm Systems, AeroFarms, Signify Holding, Osram Licht AG, Harvest Automation, AKVA Group Farmers Edge Inc., Mavrx Inc., DTN, GeoVisual Analytics, , Aglytix, and 360 Yield Center.

Deere & Company, Trimble Inc., AGCO Corporation, GEA Group Aktiengesellschaft, Raven Industries, Inc., Lely, Afimilk Ltd., Harvest Automation, OSRAM GmbH, Signify Holding, AeroFarms, Vertical Farm Systems, Allflex Inc., Mavrx Inc., GeoVisual Analytics, Farmers Edge Inc., 360 Yield Center, Aglytix & Prospera

Research Methodology: Global Smart Farming Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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