Internet of Things (IoT) Agriculture Market Revenue | Top Players Financial Performance | Trend Analysis 2030
Internet of Things (IoT) Agriculture Market was valued at USD 13.73 Billion in 2023, and it is expected to reach USD 25.58 Billion by 2030, exhibiting a CAGR of 9.29 % during the forecast period (2024-2030)
Internet of Things (IoT) Agriculture Market Report Overview
The report encompasses the latest revenue and trends within the Internet of Things (IoT) Agriculture market. It provides an introduction to the Internet of Things (IoT) Agriculture market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Internet of Things (IoT) Agriculture Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Internet of Things (IoT) Agriculture Market in the upcoming forecast years. The report serves as a valuable tool for shaping market strategies and understanding the contextual landscape of the Internet of Things (IoT) Agriculture industry.
Internet of Things (IoT) Agriculture Market Report Scope and Research Methodology
The report on the Internet of Things (IoT) Agriculture Market furnishes an exhaustive analysis, incorporating historical data, insightful perspectives, facts, and statistically validated market statistics. These statistics are based on a well-founded set of assumptions and methodologies. The collection of data for the Internet of Things (IoT) Agriculture market report relied on both primary and secondary research methods. This amalgamated data was meticulously analyzed to produce precise and reliable findings.
Incorporating secondary research, the report delves into annual and financial reports of leading players, while primary research involves interviews with key opinion leaders and experts within the Internet of Things (IoT) Agriculture industry, including frontline personnel, entrepreneurs, and marketing professionals. The estimation of the Internet of Things (IoT) Agriculture market size was achieved through a bottom-up approach. The report employs SWOT analysis to outline the strengths and weaknesses of the Internet of Things (IoT) Agriculture Market, and leverages PESTLE and PORTER analyses to outline the impacts of macroeconomic and microeconomic factors on the global Internet of Things (IoT) Agriculture Market.
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Internet of Things (IoT) Agriculture Market Regional Insights
Geographically, the report is segmented into several key countries, with Internet of Things (IoT) Agriculture market size, growth rate, import and export of Internet of Things (IoT) Agriculture market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Internet of Things (IoT) Agriculture Market Segmentation
by System
Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software
by Application
Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring
precision farming segment is estimated to account for over 35% of the total market share in 2023. The rise in the market share of precision farming is being promoted by the IoT integration in the precision imaging for the monitoring of soil, water, and weather, along with the real-time data collection about the health of the equipment and farm’s condition with the aid of drones’ sensors, controllers, etc. Precision farming aims to assess data produced by sensors and respond appropriately. With the use of sensors, precision farming enables farmers to collect data, analyse it, and make quick, informed decisions. Numerous precision agricultural methods, including livestock management, vehicle monitoring, and irrigation management, all contribute significantly to raising productivity and effectiveness.
byFarm Type
Large
Mid-Sized
Small Farms
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Internet of Things (IoT) Agriculture Market Key Players
1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
17.DICKEY-john Corporation
18.Hitachi, Ltd
19.Telit
20.Decisive Farming
21.OnFarm Systems Inc.
22.Farmers Edge Inc.
23.SlantRange, Inc.
24.SmartCultiva Corporation
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Key Questions Addressed in This Report:
1. How has the Internet of Things (IoT) Agriculture market performed so far and how will it perform in the coming years?
2. What is the market segmentation of the global Internet of Things (IoT) Agriculture market?
3. What is the regional breakup of the global Internet of Things (IoT) Agriculture market?
4. What are the price trends of various feedstocks in the Internet of Things (IoT) Agriculture industry?
5. What is the structure of the Internet of Things (IoT) Agriculture industry and who are the key players?
6. What are the various unit operations involved in a Internet of Things (IoT) Agriculture processing plant?
7. What is the total size of land required for setting up a Internet of Things (IoT) Agriculture processing plant?
8. What is the layout of a Internet of Things (IoT) Agriculture processing plant?
9. What are the machinery requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
10. What are the raw material requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
11. What are the packaging requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
12. What are the transportation requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
13. What are the utility requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
14. What are the human resource requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
15. What are the infrastructure costs for setting up a Internet of Things (IoT) Agriculture processing plant?
16. What are the capital costs for setting up a Internet of Things (IoT) Agriculture processing plant?
17. What are the operating costs for setting up a Internet of Things (IoT) Agriculture processing plant?
18. What should be the pricing mechanism of the final product?
19. What will be the income and expenditures for a Internet of Things (IoT) Agriculture processing plant?
20. What is the time required to break even?
21. What are the profit projections for setting up a Internet of Things (IoT) Agriculture processing plant?
22. What are the key success and risk factors in the Internet of Things (IoT) Agriculture industry?
23. What are the key regulatory procedures and requirements for setting up a Internet of Things (IoT) Agriculture processing plant?
24. What are the key certifications required for setting up a Internet of Things (IoT) Agriculture processing plant?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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