North America Smart Agriculture Market Outlook, 2027
North America Smart Agriculture Market Outlook, 2027
Abstract
In North America smart agriculture market is currently driven by several factors, such as the region is getting urbanized, the farmers of this region have started relying on smartphones and other technology-based devices. The farmers are using these devices to remain updated about the latest developments in the agricultural sector. Moreover, with the introduction of smart agriculture, the farmers can now easily determine the plant’s growth, weather changes, water requirement, by placing sensors throughout the farms. The sensors are also beneficial for recording soil conditions, rainfall and many other aspects.
The region’s almost 50-60% of the agricultural land is held by U.S., approximately half of the region is been used for cultivation. In the year 2016 the region was recorded with 25.69% of the agricultural land, which was meant to be the highest value over the last 55 years. The region mainly produces corn, soybeans, barley and oats and the major producers of the region are U.S., Canada and Mexico.
According to the report published by Bonafide Research titled as “North America Smart Agriculture Market Outlook, 2027” states that North America has grown with 7.7% CAGR, with the market size USD 3,421 Million in the historical period and it is forecast to grow with the CAGR of 10.41% by the end of the forecast year 2027. USA is been leading the market with more than 70% of the market share, followed by Canada and Mexico. The large capital investments and the increase in highly trained labors are contributing towards the success of the agriculture sector in USA.
The region segmented into by type and by offering. In by type precision agriculture is dominating with the increasing for food and agricultural. The demand is rising due to the increase in birth rate in the region. The precision agriculture system aids towards improving the production process and increase the economic growth of the farmers, with use of advanced technologies. The technologies that are widely used in precision agriculture like, the sensors, GPS, use of drones and few other technologies. The farming technique can be more beneficial for the larger agricultural lands and even mostly the bigger farmers can afford to purchase such high costs devices for their farms. In by offering includes hardware, software and services, within these the software is expected to witness potential growth in the coming years. This is due to the increase in use of smartphones and other devices with software in-build in them and the gradual increase in the usage of smartphones by the farmers have is driving the software segment. The software mainly collects the real-time data of the soil, livestock, weather reports, etc.
As the technology is getting more advanced day-by-day and today it’s even getting involved with farming. In the coming future it is expected that the technology will completely replace the farmers from the fields and only the machines will do all the practices. The smart agriculture practices are increasing and many are gradually investing on the same. The popularity of smart agriculture is due its technology-based farming, which focuses on increasing the quality, quantity and on better and faster production. The USDA (United States Department of Agriculture) is offering voluntary programs and services to help out the farmers to build soil health, reduce greenhouse gas emissions, enhance productivity and commodity marketability, and mitigate the impacts of climate change while building resilience to strengthen your operation. It is offering financial support and one-on-one technical advice through a suite of voluntary programs to directly support farmers for smart management solutions.
The Covid-19 effect on North America smart agriculture market:
While the outbreak of Covid-19 pandemic has badly impacted several industries, it has had a positive impact on the smart agriculture market. As agriculture is completely dependent on migrant laborers, the moving of laborers to their hometown due to strict lockdown situations in North America has created massive opportunities for the adoption of smart farming techniques. This factor has estimated to increase the growth of the market during the crisis across the region.
Major Companies present in the market:
Raven Industries, Inc, Merck & Co., Inc, Deere & Company, AgJunction Inc., Trimble Inc., Topcon Positioning Systems, Inc., AGCO Corporation, AG Leader Technology, Afimilk Limited, InnovaSea Systems, Inc., Abaco Systems, Inc., GEA Group Aktiengesellschaft (GeaCowScout), Grownetics, Inc., Heliospectra AB, Nedap N.V. Inc, Gamaya SA, Ceres Imaging, Inc, AKVA group, CropX Technologies
Considered in this report
• Geography: North America
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• North America Smart Agriculture Market with its value and forecast along with its segments
• Country wise smart agriculture market analysis
• Application wise smart agriculture distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• United States of America
• Canada
• Mexico
Types of smart agriculture in the report:
• Precision Agriculture
• Aquaculture/Precision Fish Farming
• Smart Greenhouse Market
• Precision Livestock Monitoring Market
• Precision Forestry Market
By Offering Type in the report:
• Hardware
• Software
• Services
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Content
Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Smart Agriculture Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Type
5.2.5. By Offering
6. North America Smart Agriculture Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Type
6.2.3. By Offering
6.3. US Smart Agriculture Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.3.2.1. By Type
6.3.2.2. By Offering
6.4. Canada Smart Agriculture Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.4.2.1. By Type
6.4.2.2. By Offering
6.5. Mexico Smart Agriculture Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.5.2.1. By Type
6.5.2.2. By Offering
7. Market Dynamics
7.1. Key Drivers
7.2. Key Challenges
8. Market Trends and Developments
8.1. XXXXXX
8.2. XXXXXX
8.3. XXXXXX
9. Company Profiles
9.1. Raven Industries, Inc
9.2. Merck & Co., Inc
9.3. Deere & Company
9.4. Ag Junction Inc.
9.5. Trimble Inc.
9.6. Topcon Positioning Systems,Inc.
9.7. AGCO Corporation
9.8. AG Leader Technology
9.9. Afimilk Limited
9.10. InnovaSea Systems, Inc.
9.11. Abaco Systems, Inc.
9.12. GEA Group Aktiengesellschaft (Gea CowScout)
9.13. Grownetics, Inc.
9.14. Heliospectra AB
9.15. Nedap N.V. Inc
9.16. Ceres Imaging, Inc
9.17. AKVA group
9.18. CropX Technologies
10. Strategic Recommendations
11. Disclaimer
List of Figures
Figure 1: Global Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 2: Global Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 3: Global Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 4: North America Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 5: North America Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 6: North America Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 7: US Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 8: US Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 9: US Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 10: Canada Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 11: Canada Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 12: Canada Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 13: Mexico Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 14: Mexico Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 15: Mexico Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 16: Market Attractiveness Index, 2021
Figure 17: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Smart Agriculture Market Share By Region (2016, 2021&2027F)
Table 5: Global Smart Agriculture Market Share By Country
Table 6: Global Smart Agriculture Market Share
Table 7: North America Smart Agriculture Market Share By Country (2016, 2021&2027F)
Table 8: Key Facts of Raven Industries, Inc
Table 9: Key Facts of Merck & Co., Inc
Table 10: Key Facts of Deere & Company
Table 11: Key Facts of Ag Junction Inc.
Table 12: Key Facts of Trimble Inc.
Table 13: Key Facts of Topcon Positioning Systems, Inc.
Table 14: Key Facts of AGCO Corporation
Table 15: Key Facts of AG Leader Technology
Table 16: Key Facts of Afimilk Limited
Table 17: Key Facts of InnovaSea Systems, Inc.
Table 18: Key Facts of Abaco Systems, Inc.
Table 19: Key Facts of GEA Group Aktiengesellschaft (Gea CowScout)
Table 20: Key Facts of Grownetics, Inc.
Table 21: Key Facts of Heliospectra AB
Table 22: Key Facts of Nedap N.V.
Table 23: Key Facts of Ceres Imaging, Inc
Table 24: Key Facts of AKVA group
Table 25: Key Facts of CropX Technologies
The region’s almost 50-60% of the agricultural land is held by U.S., approximately half of the region is been used for cultivation. In the year 2016 the region was recorded with 25.69% of the agricultural land, which was meant to be the highest value over the last 55 years. The region mainly produces corn, soybeans, barley and oats and the major producers of the region are U.S., Canada and Mexico.
According to the report published by Bonafide Research titled as “North America Smart Agriculture Market Outlook, 2027” states that North America has grown with 7.7% CAGR, with the market size USD 3,421 Million in the historical period and it is forecast to grow with the CAGR of 10.41% by the end of the forecast year 2027. USA is been leading the market with more than 70% of the market share, followed by Canada and Mexico. The large capital investments and the increase in highly trained labors are contributing towards the success of the agriculture sector in USA.
The region segmented into by type and by offering. In by type precision agriculture is dominating with the increasing for food and agricultural. The demand is rising due to the increase in birth rate in the region. The precision agriculture system aids towards improving the production process and increase the economic growth of the farmers, with use of advanced technologies. The technologies that are widely used in precision agriculture like, the sensors, GPS, use of drones and few other technologies. The farming technique can be more beneficial for the larger agricultural lands and even mostly the bigger farmers can afford to purchase such high costs devices for their farms. In by offering includes hardware, software and services, within these the software is expected to witness potential growth in the coming years. This is due to the increase in use of smartphones and other devices with software in-build in them and the gradual increase in the usage of smartphones by the farmers have is driving the software segment. The software mainly collects the real-time data of the soil, livestock, weather reports, etc.
As the technology is getting more advanced day-by-day and today it’s even getting involved with farming. In the coming future it is expected that the technology will completely replace the farmers from the fields and only the machines will do all the practices. The smart agriculture practices are increasing and many are gradually investing on the same. The popularity of smart agriculture is due its technology-based farming, which focuses on increasing the quality, quantity and on better and faster production. The USDA (United States Department of Agriculture) is offering voluntary programs and services to help out the farmers to build soil health, reduce greenhouse gas emissions, enhance productivity and commodity marketability, and mitigate the impacts of climate change while building resilience to strengthen your operation. It is offering financial support and one-on-one technical advice through a suite of voluntary programs to directly support farmers for smart management solutions.
The Covid-19 effect on North America smart agriculture market:
While the outbreak of Covid-19 pandemic has badly impacted several industries, it has had a positive impact on the smart agriculture market. As agriculture is completely dependent on migrant laborers, the moving of laborers to their hometown due to strict lockdown situations in North America has created massive opportunities for the adoption of smart farming techniques. This factor has estimated to increase the growth of the market during the crisis across the region.
Major Companies present in the market:
Raven Industries, Inc, Merck & Co., Inc, Deere & Company, AgJunction Inc., Trimble Inc., Topcon Positioning Systems, Inc., AGCO Corporation, AG Leader Technology, Afimilk Limited, InnovaSea Systems, Inc., Abaco Systems, Inc., GEA Group Aktiengesellschaft (GeaCowScout), Grownetics, Inc., Heliospectra AB, Nedap N.V. Inc, Gamaya SA, Ceres Imaging, Inc, AKVA group, CropX Technologies
Considered in this report
• Geography: North America
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• North America Smart Agriculture Market with its value and forecast along with its segments
• Country wise smart agriculture market analysis
• Application wise smart agriculture distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• United States of America
• Canada
• Mexico
Types of smart agriculture in the report:
• Precision Agriculture
• Aquaculture/Precision Fish Farming
• Smart Greenhouse Market
• Precision Livestock Monitoring Market
• Precision Forestry Market
By Offering Type in the report:
• Hardware
• Software
• Services
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Smart Agriculture Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Type
5.2.5. By Offering
6. North America Smart Agriculture Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Type
6.2.3. By Offering
6.3. US Smart Agriculture Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.3.2.1. By Type
6.3.2.2. By Offering
6.4. Canada Smart Agriculture Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.4.2.1. By Type
6.4.2.2. By Offering
6.5. Mexico Smart Agriculture Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.5.2.1. By Type
6.5.2.2. By Offering
7. Market Dynamics
7.1. Key Drivers
7.2. Key Challenges
8. Market Trends and Developments
8.1. XXXXXX
8.2. XXXXXX
8.3. XXXXXX
9. Company Profiles
9.1. Raven Industries, Inc
9.2. Merck & Co., Inc
9.3. Deere & Company
9.4. Ag Junction Inc.
9.5. Trimble Inc.
9.6. Topcon Positioning Systems,Inc.
9.7. AGCO Corporation
9.8. AG Leader Technology
9.9. Afimilk Limited
9.10. InnovaSea Systems, Inc.
9.11. Abaco Systems, Inc.
9.12. GEA Group Aktiengesellschaft (Gea CowScout)
9.13. Grownetics, Inc.
9.14. Heliospectra AB
9.15. Nedap N.V. Inc
9.16. Ceres Imaging, Inc
9.17. AKVA group
9.18. CropX Technologies
10. Strategic Recommendations
11. Disclaimer
List of Figures
Figure 1: Global Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 2: Global Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 3: Global Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 4: North America Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 5: North America Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 6: North America Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 7: US Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 8: US Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 9: US Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 10: Canada Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 11: Canada Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 12: Canada Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 13: Mexico Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 14: Mexico Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 15: Mexico Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 16: Market Attractiveness Index, 2021
Figure 17: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Smart Agriculture Market Share By Region (2016, 2021&2027F)
Table 5: Global Smart Agriculture Market Share By Country
Table 6: Global Smart Agriculture Market Share
Table 7: North America Smart Agriculture Market Share By Country (2016, 2021&2027F)
Table 8: Key Facts of Raven Industries, Inc
Table 9: Key Facts of Merck & Co., Inc
Table 10: Key Facts of Deere & Company
Table 11: Key Facts of Ag Junction Inc.
Table 12: Key Facts of Trimble Inc.
Table 13: Key Facts of Topcon Positioning Systems, Inc.
Table 14: Key Facts of AGCO Corporation
Table 15: Key Facts of AG Leader Technology
Table 16: Key Facts of Afimilk Limited
Table 17: Key Facts of InnovaSea Systems, Inc.
Table 18: Key Facts of Abaco Systems, Inc.
Table 19: Key Facts of GEA Group Aktiengesellschaft (Gea CowScout)
Table 20: Key Facts of Grownetics, Inc.
Table 21: Key Facts of Heliospectra AB
Table 22: Key Facts of Nedap N.V.
Table 23: Key Facts of Ceres Imaging, Inc
Table 24: Key Facts of AKVA group
Table 25: Key Facts of CropX Technologies
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