Overview
Agriculture offers food to the 7 billion global population. The global climate change and increasing pollution creates havoc on the environment and negatively impacts agricultural output. Sensing technology is now increasingly being applied in agriculture to create ‘intelligent farms’.
Trends Market Research analyst opines that advanced farming will bring about a paradigm shift in the way traditional farming has been practiced till date. Advanced farming involves applying technology to improve cultivation. Advanced farming systems will increase production and will also result in better crops. Technology has invaded the agricultural market as well. New technological applications are being used in rearing of animals and in improving crop yield. GPS technology is mostly used in agricultural field to monitor soil condition, tracking of the livestock, tractor monitoring, and VRT.
Market Analysis
Trends Market Research analyst estimates that the advanced farming market will witness a CAGR of 13.4% during the forecast period 2016–2022.
High Precision Positioning Systems comprised 29% of the market, followed by VRT (Variable Rate Technology) at 20% in 2016. Technological growth has contributed to the growth of the overall market. VRT market is predicted to reach $2.31 billion by 2022 from $1.08 billion in 2016, growing at a CAGR of 13.5%. In application terms, major share of the revenue comes from livestock farming at 31.23% followed by Horticulture at 21.77% in 2016. Livestock farming is predicted to reach $3.32 billion by 2022, growing at a CAGR of 13.4%.
Geographic segmentation
The market is segmented by the following geographies- Americas, Europe, Asia-Pacific and MEA. Each region has been sub segmented by leading countries namely the US, Canada, Brazil and Mexico in the Americas, European Union and Big 5 countries in Europe, India, China, Australia and Japan in Asia-Pacific, South Africa and the Gulf Corporation Council (GCC) in MEA.
Segmentation by Technology
The advanced farming market is sub segmented by the following technologies- Variable-rate technology, High Precision Positioning Systems, Automated Steering Systems, Remote Sensing and Integrated Electronic Communication.
Segmentation by Applications
The market is segmented by the following applications- Fleet management, Livestock farming, Forest farming, Aqua farming and Horticulture.
Segmentation by Services
The market is segmented by the following services- Integration services, Maintenance services and Training and consulting.
Segmentation by Deployment Modes
The market is segmented by two deployment models- Cloud and local.
Competitive Analysis
The study gives an opportunity to the industry players to improve their current business approach by providing them strategic intelligence about the competition in the market. Current and predicted business strategies for the leading companies of the market.
The report includes a detailed competitive benchmarking of the leading vendors based on some key metrics such as business units, geographic revenue, recent developments, business focus, business strategy and SWOT analysis.
Key Vendors
The prominent players in the market are Trimble Navigation, AGCO Corp., John Deere & Company, Raven Industries, and Ag Junction Inc.
Benefits
The report is of significance to the key stakeholders of the advanced farming market such as OEMs, technology providers, platform providers, universities, bloggers, farming institutions and farming associations in the following ways:
- Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth)
- Drivers, growth opportunities in different regions
The report provides an in-depth analysis of the advanced farming market aiming to bring all farming stakeholders on a common platform. The report provides a detailed analysis of the advanced farming market in terms of technologies, applications, services, and deployment models. The report also covers a detailed regional analysis, i.e. analysis of the leading countries in these regions. The report also gives details of the global investments in the agriculture sector and ongoing and upcoming advanced farming projects.
The report can also be tailored as per the specific information need of the users. The customization is available on countries, technologies, applications and vendor profiles.
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Market Definition
2.3 Report Summary
2.4 Research Methodology
2.5 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Advanced Farming by Types
3.4 Related Markets
3.4.1 Connected Agriculture
3.4.2 Smart Animal Husbandry
4 Market Outlook
4.1 Overview
4.2 Evolution of Advanced Farming
4.3 Architecture of Advanced Farming
4.4 Market Segmentation
4.5 Porter 5(Five) Forces
5 Market Characteristics
5.1 Market Trends
5.1.1 Increase in Livestock Farming
5.1.2 Robotics Farming
5.1.3 M2M and IoT in Agriculture
5.2 Architecture of M2M in Agriculture
5.3 Value Chain
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Demand for farm management software
5.4.1.2 Convergence of modern technologies
5.4.1.3 Growing food requirement
5.4.1.4 Increasing use of precision agriculture
5.4.2 Restraints
5.4.2.1 Lack of internet connectivity for M2M farming
5.4.2.2 Changing climate conditions and increasing population
5.4.2.3 Improper IT infrastructure for farming
5.4.3 Opportunities
5.4.3.1 Drones and robots for managing farms
5.4.3.2 Increasing M2M applications
5.4.3.3 Increase in the use of connected farms in developing economies
5.4.4 DRO – Impact Analysis
5.4.5 Key Stakeholders
6 Technologies: Market Size and Analysis
6.1 Overview
6.2 Variable-Rate Technology (VRT)
6.2.1 Overview
6.2.2 Market Size and Analysis
6.3 High Precision Positioning Systems
6.3.1 Overview
6.3.2 Market Size and Analysis
6.4 Automated Steering Systems
6.4.1 Overview
6.4.2 Market Size and Analysis
6.5 Remote Sensing
6.5.1 Overview
6.5.2 Market Size and Analysis
6.6 Integrated Electronic Communication
6.6.1 Overview
6.6.2 Market Size and Analysis
7 Applications: Market Size and Analysis
7.1 Overview
7.2 Fleet Management
7.2.1 Overview
7.2.2 Market Size and Analysis
7.3 Livestock Farming
7.3.1 Overview
7.3.2 Market Size and Analysis
7.4 Forest Farming
7.4.1 Overview
7.4.2 Market Size and Analysis
7.5 Aqua Farming
7.5.1 Overview
7.5.2 Market Size and Analysis
7.6 Horticulture
7.6.1 Overview
7.6.2 Market Size and Analysis
8 Deployment Model: Market Size and Analysis
8.1 Overview
8.2 Cloud
8.2.1 Overview
8.2.2 Market Size and Analysis
8.3 Local
8.3.1 Overview
8.3.2 Market Size and Analysis
9 Services: Market Size and Analysis
9.1 Overview
9.2 Integration Services
9.2.1 Overview
9.2.2 Market Size and Analysis
9.3 Maintenance Services
9.3.1 Overview
9.3.2 Market Size and Analysis
9.4 Training & Consulting Services
9.4.1 Overview
9.4.2 Market Size and Analysis
10 Countries: Market Size and Analysis
10.1 Overview
10.2 Argentina
10.2.1 Overview
10.2.2 Market Size and Analysis
10.2.2.1 Farming environment
10.2.2.2 Government initiatives
10.2.2.3 Technology adoption
10.3 Bolivia
10.3.1 Overview
10.3.2 Market Size and Analysis
10.3.2.1 Farming environment
10.3.2.2 Government initiatives
10.3.2.3 Technology adoption
10.4 Brazil
10.4.1 Overview
10.4.2 Market Size and Analysis
10.4.2.1 Farming environment
10.4.2.2 Government initiatives
10.4.2.3 Technology adoption
10.5 Chile
10.5.1 Overview
10.5.2 Market Size and Analysis
10.5.2.1 Farming environment
10.5.2.2 Government initiatives
10.5.2.3 Technology adoption
10.6 Colombia
10.6.1 Overview
10.6.2 Market Size and Analysis
10.6.2.1 Farming environment
10.6.2.2 Government initiatives
10.6.2.3 Technology adoption
10.7 Ecuador
10.7.1 Overview
10.7.2 Market Size and Analysis
10.7.2.1 Farming environment
10.7.2.2 Government initiatives
10.7.2.3 Technology adoption
10.8 Peru
10.8.1 Overview
10.8.2 Market Size and Analysis
10.8.2.1 Farming environment
10.8.2.2 Government initiatives
10.8.2.3 Technology adoption
10.9 Mexico
10.9.1 Overview
10.9.2 Market Size and Analysis
10.9.2.1 Farming environment
10.9.2.2 Government initiatives
10.9.2.3 Technology adoption
10.10 Uruguay
10.10.1 Overview
10.10.2 Market Size and Analysis
10.10.2.1 Farming environment
10.10.2.2 Government initiatives
10.10.2.3 Technology adoption
10.11 Others
10.11.1 Market Size and Analysis
11 Competitive Landscape
11.1 Vendor Assessment
11.1.1 Trimble Navigation
11.1.2 AGCO Corp.
11.1.3 Deere & Company
11.1.4 Raven Industries
11.1.5 AgJunction
11.2 Other Predominant Players
11.3 Latin America Advanced Farming: Ongoing/Upcoming Projects
11.3.1 Project: Climate-Smart Agriculture Fund for Latin America and the Caribbean (CSAF)
11.3.2 Project: Networked Society Lab
12 Vendor Profiles
12.1 Trimble Navigation Ltd.
12.1.1 Overview
12.1.2 Business Units
12.1.3 Geographical Revenue
12.1.4 Business Focus
12.1.5 SWOT Analysis
12.1.6 Business Strategy
12.2 AGCO Corp.
12.2.1 Overview
12.2.2 Business Units
12.2.3 Geographical Revenue
12.2.4 Business Focus
12.2.5 SWOT Analysis
12.2.6 Business Strategy
12.3 Deere & Company
12.3.1 Overview
12.3.2 Business Units
12.3.3 Geographical Revenue
12.3.4 Business Focus
12.3.5 SWOT Analysis
12.3.6 Business Strategy
12.4 Raven Industries Inc.
12.4.1 Overview
12.4.2 Business Units
12.4.3 Geographical Presence
12.4.4 Business Focus
12.4.5 SWOT Analysis
12.4.6 Business Strategy
12.5 AgJunction Inc.
12.5.1 Overview
12.5.2 Business Units
12.5.3 Geographical Revenue
12.5.4 Business Focus
12.5.5 SWOT Analysis
12.5.6 Business Strategy
13 Global Generalist
13.1 IBM Corp.
13.1.1 Overview
13.1.2 Offerings
13.1.3 IBM in Advanced Farming
13.2 Microsoft Corp.
13.2.1 Overview
13.2.2 Offerings
13.2.3 Microsoft in Advanced Farming
13.3 Yara
13.3.1 Overview
13.3.2 Offerings
13.3.3 Yara in Advanced Farming
13.4 Valmont Industries Inc.
13.4.1 Overview
13.4.2 Offerings
13.4.3 Valmont in Advanced Farming
14 Companies to Watch For
14.1 Agribotix
14.1.1 Overview
14.1.2 Agribotix Market
14.1.3 Agribotix in Advanced Farming Market
14.2 AgDNA
14.2.1 Overview
14.2.2 AgDNA Market
14.2.3 AgDNA in Advanced Farming Market
14.3 Smart Fertilizer Management
14.3.1 Overview
14.3.2 Smart Fertilizer Management Market
14.3.3 Smart Fertilizer in Advanced Farming Market
14.4 FTI Pty Ltd.
14.4.1 Overview
14.4.2 Fairport Farm Software Market
14.4.3 Fairport in Advanced Farming Market
14.5 BovControl
14.5.1 Overview
14.5.2 BovControl Market
14.5.3 BovControl in Advanced Farming Market
14.6 Strider
14.6.1 Overview
14.6.2 Strider Market
14.6.3 Strider in Advanced Farming Market
14.7 8villages
14.7.1 Overview
14.7.2 8villages Market
14.7.3 8villages in Advanced Farming Market
