Agriculture Technologies Market
Agriculture Technologies Market Size, Share & Trends Analysis Report by Offering (Hardware, Software, and Services), by Agriculture Type (Precision farming, Livestock monitoring and Others), and by Application (Fish Farming, Smart Green House, Precision Farming, Livestock Monitoring and Others) Forecast Period (2023-2030)
Agriculture technologies market is anticipated to grow at a CAGR of 11.4% during the forecast period (2023-2030). An increase in demand for advanced tractors, AgRobots, such as -robotic harvesters and separators, automatic in-row weeders, and many more devices and technologies are being deployed in the fields to increase productivity. The growing adoption of improved, scale-appropriate and eco-friendly technologies, including new disease-resistant and climate-adjusted seeds, modern management practices, and conservation of resources using scale-appropriate new agricultural machinery is the key factor supporting the growth of the market globally. Mostly in the rural areas of Southern Asia and sub-Saharan African countries, 78.0% of whom rely on agriculture for their livelihoods. Hence, the market players are also focusing on introducing eco-friendly technologies and agriculture technologies solutions that further bolster the market growth. For instance, in June 2022, Kagome Co., Ltd. established DXAS Agricultural Technology, a joint venture in Portugal to provide farming support for processed tomatoes using AI. The new company contribute to sustainable agriculture in countries around the globe by promoting environmentally friendly and profitable farming through the integration of Kagome's agronomies and NEC's technologies.
Segmental Outlook
The global agriculture technologies market is segmented on the offering, agriculture type, and application. Based on the offering, the market is sub-segmented into hardware, software and services. based on the agriculture type, the market is sub-segmented into precision farming, livestock monitoring and others. Further, on the basis of application, the market is sub-segmented into fish farming, smart greenhouse, precision farming, livestock monitoring and others. Among the offerings, the software sub-segment is anticipated to hold a considerable share of the market owing to the increased demand for enhanced crop management software that allows farmers to monitor and track crop growth, soil health, and weather conditions in real time. This data-driven approach enables informed decision-making, leading to better crop yields and improved quality.
The Precision Farming Sub-Segment is Anticipated to Hold a Considerable Share of the Global Agriculture Technologies Market
Among the applications, the precision farming sub-segment is expected to hold a considerable share of the global agriculture technologies market. The segmental growth is attributed to the growing adoption of precision farming technologies such as tractor guidance systems using a global positioning system (GPS), GPS soil and yield mapping, and variable-rate input applications (VRT)—that help farms gather information on changing field conditions to adjust production practices. Various device designs are innovative and can be easily extended to support more sensors. Companies integrated with any agriculture automation system out of the box to extend their capability into farm automation. For instance, in November 2020, Precision farming pioneer startup ‘Fasal launched plug and play IoT and sensors-based system, ‘Fasal Kranti’. The IoT device ‘Fasal Kranti’ aims to make farming more profitable and sustainable by helping the farmer make optimized data-driven decisions on the farm concerning irrigation, fertigation, disease, and pest management.
Regional Outlook
The global agriculture technologies market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to an increasing adoption of livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. The key market players include AGCO Corp., Precision Planting, Inc., Raven Industries, Topcon Positioning Systems, Inc. Trimble, Inc., and others.
Global Agriculture Technologies Market Growth by Region 2023-2030
The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Agriculture Technologies Market
Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the increasing adoption of variable rate technology and smart irrigation controllers, along with AI-based farm analytics services, which are some of the major factors propelling the growth of the market in this region. The rising demand for automation of livestock farms and aquaculture fauns in this region is further expected to boost the growth of the smart agriculture market in Asia-Pacific. In addition, the increasing livestock population and the growing demand for meat products in Asian countries, including China, Australia, India, and Japan, contribute to regional market growth.
The growth of agricultural technology can be attributed to increased start-up activity in agricultural and food innovations, high adoption rates of agricultural technology, and crowdfunding for various indoor agricultural initiatives. Asia-Pacific is expected to witness the highest growth rate for population growth, disposable income, and the deployment of various technologies in the food and agriculture industries. The key market players include COFCO Corp., New Hope Group Co Ltd., Nihon Agri, Inc., Sumitomo Corp., and others.
Market Players Outlook
The major companies serving the global agriculture technologies market include AGCO Corp., Corteva, Inc., John Deere, Syngenta AG, Trimble Inc., Yara International ASA and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, Siemens AG collaborated with 80 Acres Farms, in the indoor farming industry. Siemens hardware and software solutions provide key technologies for 80 Acres' farm facilities and operations via Infinite Acres' Loop platform. Using innovative technology within the agriculture industry fostering sustainable, healthy, traceable, and more productive farming practices.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global agriculture technologies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. AGCO Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Syngenta AG
3.4. Overview
3.4.1. Financial Analysis
3.4.2. SWOT Analysis
3.4.3. Recent Developments
3.5. Trimble Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Agriculture Technologies Market by Offering
4.1.1. Hardware
4.1.2. Software
4.1.3. Services
4.2. Global Agriculture Technologies Market by Agriculture Type
4.2.1. Precision Farming
4.2.2. Precision Aquaculture
4.2.3. Livestock Monitoring
4.2.4. Smart Greenhouse
4.2.5. Precision Forestry
4.2.6. Others (Connected Farming)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AG Leader Technology
6.2. AgEagle Aerial Systems Inc.
6.3. AgJunction, Inc.
6.4. Argus Control Systems Ltd.
6.5. Autonomous Solutions, Inc.
6.6. CLAAS KGaA mbH
6.7. Dickey-John Corp.
6.8. DroneDeploy
6.9. Farmers Edge Inc.
6.10. Gamaya Ltd.
6.11. GEA Group AG
6.12. Granular, Inc.
6.13. Precision Planting, Inc.
6.14. Raven Industries
6.15. Topcon Positioning Systems, Inc.
1. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
2. GLOBAL AGRICULTURE TECHNOLOGIES HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL AGRICULTURE TECHNOLOGIES SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL AGRICULTURE TECHNOLOGIES SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY AGRICULTURE TYPE, 2022-2030 ($ MILLION)
6. GLOBAL AGRICULTURE TECHNOLOGIES FOR PRECISION FARMING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL AGRICULTURE TECHNOLOGIES FOR LIVESTOCK MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL AGRICULTURE TECHNOLOGIES FOR OTHER TYPES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
10. GLOBAL AGRICULTURE TECHNOLOGIES FOR FISH FARMING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL AGRICULTURE TECHNOLOGIES FOR SMART GREEN HOUSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL AGRICULTURE TECHNOLOGIES FOR PRECISION FARMING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL AGRICULTURE TECHNOLOGIES FOR LIVESTOCK MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL AGRICULTURE TECHNOLOGIES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. NORTH AMERICAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. NORTH AMERICAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
18. NORTH AMERICAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY AGRICULTURE TYPE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
20. EUROPEAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. EUROPEAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
22. EUROPEAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY AGRICULTURE TYPE, 2022-2030 ($ MILLION)
23. EUROPEAN AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY AGRICULTURE TYPE, 2022-2030 ($ MILLION)
27. ASIA- PACIFIC AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
28. REST OF THE WORLD AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
29. REST OF THE WORLD AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
30. REST OF THE WORLD AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY AGRICULTURE TYPE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022 VS 2030 (%)
2. GLOBAL AGRICULTURE TECHNOLOGIES HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL AGRICULTURE TECHNOLOGIES SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL AGRICULTURE TECHNOLOGIES SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
5. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY AGRICULTURE TYPE, 2022 VS 2030 (%)
6. GLOBAL AGRICULTURE PRECISION FARMING TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL AGRICULTURE LIVESTOCK MONITORING TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL OTHER AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
10. GLOBAL AGRICULTURE TECHNOLOGIES FOR FISH FARMING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
11. GLOBAL AGRICULTURE TECHNOLOGIES FOR SMART GREEN HOUSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL AGRICULTURE TECHNOLOGIES FOR PRECISION FARMING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL AGRICULTURE TECHNOLOGIES FOR LIVESTOCK MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. GLOBAL AGRICULTURE TECHNOLOGIES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
15. GLOBAL AGRICULTURE TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
16. US AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
17. CANADA AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
18. UK AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
19. FRANCE AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
20. GERMANY AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
21. ITALY AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
22. SPAIN AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF EUROPE AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
24. INDIA AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
25. CHINA AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
26. JAPAN AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
27. SOUTH KOREA AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF ASIA-PACIFIC AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF THE WORLD AGRICULTURE TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
