ASIA-PACIFIC SMART AGRICULTURE MARKET 2022-2028

ICT | AI and IoT

ASIA-PACIFIC SMART AGRICULTURE MARKET 2022-2028

Market by Type, Component, and Country Outlook | Forecast 2022-2028

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As per Triton Market Research, the Asia-Pacific smart agriculture market is likely to advance with a CAGR of 12.12% in the forecasting duration 2022-2028.




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The countries scrutinized in this region include:

•         South Korea

•         ASEAN Countries

•         China

•         India

•         Japan

•         Australia & New Zealand

•         Rest of Asia-Pacific

India is expected to exhibit the fastest growth rate in the Asia-Pacific market over the forecasted period. Several government initiatives and incentives in the region’s emerging nations to implement smart agriculture projects have increased the adoption of automated farming equipment. The Asia-Pacific is a promising region for the smart agriculture market and is expected to provide numerous opportunities to players operating in this field.

In India, favorable subsidiaries by the government have encouraged farmers to adopt smart agriculture techniques. Moreover, investments from government & private international entities have bolstered research and development in the country’s agri-tech business ecosystem, which is expected to positively influence the studied market.

The South Korean government has implemented smart farming policies and programs owing to the large-scale adoption of ICT in agriculture and its advantages in boosting agricultural output. It intends to build sizable smart farm complexes and encourage its youth to take up farming as an occupation by offering the required training. Additionally, the government plans to give trained individuals access to small land plots, so that they can start their own smart farming businesses. Such supportive initiatives are expected to foster the growth of the country’s smart agriculture market in the years to come.

Support & maintenance services effectively cater to tracking and managing concerns, offering personalized assistance and enhanced performance management. Smart agriculture solutions need regular upgradation to ensure uninterrupted functioning, which has led to an increased demand for support & maintenance services. They majorly comprise technical support and software updates for smart agriculture.

Triton’s report assesses the market based on component and type. Here, the component segment comprises service, connectivity technology, and solution. Service further includes support & maintenance, system integration & deployment, and consulting.

The prominent companies in the smart agriculture market include Afimilk Ltd, AGCO Corporation, Trimble Inc, Deere & Company, AgJunction, Aker Technologies Inc, Topcon Positioning Systems Inc, and SemiosBio Technologies Inc.

Trimble Inc offers tech solutions that enable professionals and field workers to enhance or transform their work processes. The company offers agricultural & construction equipment, surveying instruments, satellite navigation systems, data collection systems, and vehicle fleet tracking systems. It serves end-users in the agriculture, architecture, civil engineering, survey & mapping, geospatial, environmental management, transportation, construction, government, natural resources, and utility markets. Trimble Inc has a business presence in China, New Zealand, and India.

 

Key deliverables of the report:

·       Market CAGR during the forecasting years 2022-2028

·       Detailed data highlighting key insights, industry components, and market strategies

·       Comprehensive information and estimation of the smart agriculture market revenue growth in Asia-Pacific and its influence on the parent market

·       In-depth study of forthcoming trends in consumer behavioral patterns

·       A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model

·       A wide-ranging study of factors that will challenge the Asia-Pacific smart agriculture market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. ASIA-PACIFIC SMART AGRICULTURE MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. USE OF VERTICAL FARMING DUE TO RISING FOOD DEMAND

2.1.2. RISING LABOR COST

2.1.3. RISING FOOD SECURITY CONCERNS DUE TO CLIMATE CHANGE

2.2. IMPACT OF COVID-19 ON THE SMART AGRICULTURE MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. REGULATORY FRAMEWORK

2.6. VENDOR SCORECARD

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. PARTNERSHIPS & AGREEMENTS

2.8. MARKET DRIVERS

2.8.1. AUTOMATION IN THE AGRICULTURAL INDUSTRY

2.8.2. INCREASING CORPORATE FARMING

2.8.3. ADVANCEMENTS IN AGRICULTURAL TECHNOLOGY AROUND THE GLOBE

2.8.4. GOVERNMENT INITIATIVES TO HELP THE AGRICULTURAL SECTOR

2.9. MARKET CHALLENGES

2.9.1. HIGH COST OF MODERN AGRICULTURAL EQUIPMENT

2.9.2. SHORTAGE OF SKILLED OPERATORS

2.10. MARKET OPPORTUNITIES

2.10.1. DRONE USAGE IS REVOLUTIONIZING THE AGRICULTURAL SECTOR

2.10.2. INCREASE IN THE USE OF VERTICAL FARMING

3. ASIA-PACIFIC SMART AGRICULTURE MARKET OUTLOOK – BY TYPE

3.1. PRECISION FARMING

3.2. LIVESTOCK MONITORING

3.3. PRECISION AQUACULTURE

3.4. SMART GREENHOUSE

4. ASIA-PACIFIC SMART AGRICULTURE MARKET OUTLOOK – BY COMPONENT

4.1. SOLUTION

4.1.1. HARDWARE

4.1.1.1. HVAC SYSTEMS

4.1.1.2. LED GROW LIGHTS

4.1.1.3. VALVES & PUMPS

4.1.1.4. SENSORS & CONTROL SYSTEMS

4.1.1.5. OTHER HARDWARE

4.1.2. SOFTWARE

4.1.2.1. NETWORK MANAGEMENT

4.1.2.2. AGRICULTURE ASSET MANAGEMENT

4.1.2.3. SMART WATER MANAGEMENT

4.1.2.4. IRRIGATION MANAGEMENT

4.2. SERVICE

4.2.1. CONSULTING

4.2.2. SYSTEM INTEGRATION & DEPLOYMENT

4.2.3. SUPPORT & MAINTENANCE

4.3. CONNECTIVITY TECHNOLOGY

4.3.1. CELLULAR IOT

4.3.2. LORA

4.3.3. NB-IOT

4.3.4. GLOBAL NAVIGATION SATELLITE SYSTEMS

4.3.5. WI-FI

4.3.6. SIGFOX

4.3.7. WIRELINE

4.3.8. WIRELESS PERSONAL AREA NETWORK (WPAN)

4.3.9. OTHER CONNECTIVITY TECHNOLOGIES

5. ASIA-PACIFIC SMART AGRICULTURE MARKET – COUNTRY OUTLOOK

5.1. CHINA

5.2. JAPAN

5.3. INDIA

5.4. SOUTH KOREA

5.5. ASEAN COUNTRIES

5.6. AUSTRALIA & NEW ZEALAND

5.7. REST OF ASIA-PACIFIC

6. COMPETITIVE LANDSCAPE

6.1. AGCO CORPORATION

6.2. AFIMILK LTD

6.3. AKVA

6.4. AGEAGLE AERIAL SYSTEMS INC

6.5. DEERE & COMPANY

6.6. THE CLIMATE CORPORATION (BAYER AG)

6.7. DELAVAL

6.8. TRIMBLE INC

6.9. RAVEN INDUSTRIES

6.10. LUMIGROW INC

6.11. TOPCON POSITIONING SYSTEMS INC

6.12. AGJUNCTION

6.13. INNOVASEA SYSTEMS INC

6.14. MSD ANIMAL HEALTH (MERCK & CO)

6.15. SEMIOSBIO TECHNOLOGIES INC

6.16. AKER TECHNOLOGIES INC

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: VENDOR SCORECARD

TABLE 4: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY TYPE, 2021 & 2028 (IN %)

FIGURE 3: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY PRECISION FARMING, 2022-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY LIVESTOCK MONITORING, 2022-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY PRECISION AQUACULTURE, 2022-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COMPONENT, 2021 & 2028 (IN %)

FIGURE 8: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOLUTION, 2021 & 2028 (IN %)

FIGURE 10: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HARDWARE, 2021 & 2028 (IN %)

FIGURE 12: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HVAC SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY LED GROW LIGHTS, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY VALVES & PUMPS, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SENSORS & CONTROL SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY OTHER HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOFTWARE, 2021 & 2028 (IN %)

FIGURE 19: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY NETWORK MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY AGRICULTURE ASSET MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SMART WATER MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY IRRIGATION MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SERVICE, 2021 & 2028 (IN %)

FIGURE 25: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONSULTING, 2022-2028 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SYSTEM INTEGRATION & DEPLOYMENT, 2022-2028 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SUPPORT & MAINTENANCE, 2022-2028 (IN $ MILLION)

FIGURE 28: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)

FIGURE 29: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2021 & 2028 (IN %)

FIGURE 30: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CELLULAR IOT, 2022-2028 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY LORA, 2022-2028 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY NB-IOT, 2022-2028 (IN $ MILLION)

FIGURE 33: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY GLOBAL NAVIGATION SATELLITE SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 34: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY WI-FI, 2022-2028 (IN $ MILLION)

FIGURE 35: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)

FIGURE 36: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY WIRELINE, 2022-2028 (IN $ MILLION)

FIGURE 37: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY WIRELESS PERSONAL AREA NETWORK (WPAN), 2022-2028 (IN $ MILLION)

FIGURE 38: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY OTHER CONNECTIVITY TECHNOLOGIES, 2022-2028 (IN $ MILLION)

FIGURE 39: ASIA-PACIFIC SMART AGRICULTURE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 40: CHINA SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: JAPAN SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

FIGURE 42: INDIA SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

FIGURE 43: SOUTH KOREA SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

FIGURE 44: ASEAN COUNTRIES SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

FIGURE 45: AUSTRALIA & NEW ZEALAND SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

FIGURE 46: REST OF ASIA-PACIFIC SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

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