736 , Shakti Khund III , New Delhi
+1778-732-2565

Global Digital Agriculture Market By Smart Farming System (Yield Monitoring, Crop Scouting, Field Mapping, Others), By Application (Precision Farming, Livestock Monitoring and Green House Farming), By Region, Forecast & Opportunities to 2026

The global digital agriculture market accounted for a value of USD 5.1 billion in 2019 and is projected to register growth at a CAGR of 15.3% during forecast period.

COVID-19 has impacted the digital agriculture market. The consumers are shifting towards organic food and the concern about food safety is increasing due to corona virus. People are adopting healthy lifestyle to boost immunity. The lockdown and travel restriction policies has affected supply chain of raw materials and finished products. The farmers are adopting digital agriculture due shortage of labor. The COVID-19 is likely to boost the market for digital agriculture.

Definition:

Digital agriculture is defined as tools that digitally store, collect, analyze and share electronic data and information along the agriculture value chain. It is also called smart farming and it includes precision agriculture. Various digital technologies such as warehouse receipt system, extension services, e-commerce platforms and block chain enabled food traceability etc are comes under digital agriculture.

Market Dynamics (Drivers/Opportunities):

The awareness about healthy lifestyle is increasing among people and they are adopting highly nutritional food. Some People are adopting organic food. The digital agriculture techniques provide healthy and fresh food. It makes fresh vegetables and fruits available at retail stores. This drives growth in digital agriculture market during forecast period.

The US is investing a large amount in developing an ecosystem for future foods provide more fresh and healthy food to people.  The UK government is also investing in improving agriculture sector and the government is focusing on improving research & development segment. Many other regions are also investing in implementing modern techniques in agriculture and this drives growth in digital agriculture market during forecast period.

Market Insights, by Smart Farming System

On the basis of smart farming system, the digital agriculture market is segmented into real-time safety testing, climate smart, crop scouting, field mapping and yield monitoring. The field mapping segment is estimated to register growth at highest CAGR during forecast period. Field mapping is the most preferred technique of digital agriculture across the world. It enables the farmers to monitor the farm area using satellite imaging. The increasing adoption and demand for field mapping is likely to drive growth during forecast period.

Market Insights, by Application

On the basis of application, the digital agriculture market is segmented into precision farming, livestock monitoring, green house farming and others. The prediction market is estimated to dominate the market during forecast period. Precision farming helps in monitoring the state of crops without being present physically. It helps in minimizing the requirement to contact other people for crop maintenance. In this method inputs are utilized in precise quantity which increases yields.   It saves time and cost. This increases adoption of precision farming and drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to be the fastest-growing region during forecast period. This region is most populated region. India and China accounted for the largest population in the world which increases demand for food and to fulfill food requirement by citizen. This region is adopting highly modern techniques to improve productivity in agriculture sector. The adoption for digital agriculture is increasing in this region and government is also adopting various policies to promote digital agriculture. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in digital agriculture market are DTN, Farmers Edge, Taranis, Eurofins, Agriwebb, Vodafone Group PLC, Trimble INC., Salt Mobile SA, Accenture, Deere & Company, IBM, Epicor Software Corporation, Hexagon, Gamaya SA, AGCO Corporation, Microsoft Corporation and Humming Bird Technologies.

Segments Covered in the Report

This report forecasts The Global Digital Agriculture Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global digital agriculture market report on the basis of smart farming system and application.

Digital Agriculture Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Digital Agriculture Market, By Smart Farming System, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Real-Time Safety Testing
  • Climate Smart
  • Crop Scouting
  • Field Mapping
  • Yield monitoring
  1. Digital Agriculture Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Precision Farming
  • Livestock Monitoring
  • Green House Farming
  • Others
  1. Digital Agriculture Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Smart Farming System
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Smart Farming System
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Smart Farming System
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Smart Farming System
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Smart Farming System
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Humming Bird Technologies
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • DTN
    • Farmers Edge
    • Taranis
    • Eurofins
    • Agriwebb
    • Vodafone Group PLC
    • Trimble INC.
    • Salt Mobile SA
    • Accenture
    • Deere & Company
    • IBM
    • Epicor Software Corporation
    • Hexagon
    • Gamaya SA
    • AGCO Corporation
    • Microsoft Corporation
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now

 

Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations