EUROPE SMART AGRICULTURE MARKET 2022-2028

ICT | AI and IoT

EUROPE SMART AGRICULTURE MARKET 2022-2028

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

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The study by Triton on the European smart agriculture market shows that the market will develop with a CAGR of 9.90% in the forecast years between 2022 and 2028.


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The countries considered in this market include:

         Germany

         The United Kingdom

         Italy

         Spain

         France

         Rest of Europe

France is estimated to showcase the fastest growth in this region’s market over the forecast period. Several environmental issues have influenced farmers in Europe to adopt eco-friendly agricultural production techniques, which would cater to the increasing demand, while also ensuring sustainability. This factor also supports the use of smart agricultural practices, which will ultimately fuel the studied market in the region.

Initiatives to deploy crop-picking robots across farms in the United Kingdom are expected to receive financial backing. These include 3 distinct vertical farm research projects in Bristol, Sheffield, and London, each of which has been allocated nearly $2 million. As a result, the smart agriculture market is expected to witness growth, with more farmers using digital technologies in their daily activities. 

Germany is a notable name in the field of agri-tech, including smart farming and precision agriculture. Besides, favorable government programs to stabilize output and ensure the sustainable growth of the industry are expected to increase the adoption of smart agriculture in the country. Apart from a supportive ecosystem, a growing number of businesses entering the domain of smart agriculture is expected to create lucrative growth opportunities for the German smart agriculture market over the forecasted period.

Cellular IoT in smart agriculture refers to the connectivity provided by IoT devices, sensors, and smartphones, via a centralized private network without using a house of varied private networks. It includes 2G, 3G, 4G, and 5G, which can operate efficiently over long ranges, and are thus widely used in smart agriculture.

Triton’s report assesses the market based on component and type. Here, the component segment includes connectivity technology, service, and solution. Connectivity technology further includes cellular IoT, global navigation satellite systems, LoRa, sigfox, wi-fi, NB-IoT, wireless personal area network (WPAN), wireline, and other connectivity technologies.

The top companies in the smart agriculture market include Aker Technologies Inc, AGCO Corporation, Trimble Inc, AKVA, InnovaSea Systems Inc, AgEagle Aerial Systems Inc, The Climate Corporation (Bayer AG), and MSD Animal Health (Merck & Co).

AKVA is engaged in designing, purchasing, manufacturing, assembling, selling, and installing technology products. It also provides rental and consulting services to the aquaculture industry. The company operates via three segments: digital, land-based technology, and sea-based technology. Its key offerings include AKVA connect & fishtalk software and CCS feed systems. The company is headquartered in Klepp Stasjon, Norway, and has a strong presence across Europe. However, its heavy reliance on only European nations is a major growth restraining factor.

 

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 Europe 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 Europe 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. EUROPE 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. EUROPE SMART AGRICULTURE MARKET OUTLOOK – BY TYPE

3.1. PRECISION FARMING

3.2. LIVESTOCK MONITORING

3.3. PRECISION AQUACULTURE

3.4. SMART GREENHOUSE

4. EUROPE 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. EUROPE SMART AGRICULTURE MARKET – COUNTRY OUTLOOK

5.1. UNITED KINGDOM

5.2. GERMANY

5.3. FRANCE

5.4. SPAIN

5.5. ITALY

5.6. REST OF EUROPE

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: EUROPE SMART AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: VENDOR SCORECARD

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

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

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

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

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

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

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

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

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 45: REST OF EUROPE SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)

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