Market Definition
ISOBUS is an agricultural communication protocol that is governed by the International Organization of Standardization (ISO) and the Agriculture Industry Electronics Foundation. It is based on the SA J1939 protocol (AEF). The standard serves as the foundation for embedded software designed to achieve data transfer and communication interoperability among various agricultural implements such as sensors, actuators, control units, cloud servers, and display units, whether mounted or integrated into the tractor.
The regional connectivity achieved with ISOBUS equipment has been critical in implementing technological services that will enhance field productivity and efficiency. During the forecast period, the global ISOBUS component market is expected to grow to foster the use of smart farming technologies in the agricultural industry.
Market Insights
The Global ISOBUS Component Market is expected to grow at a CAGR of around 10.08% during 2022-2027. The rising demand to resolve incompatibility issues between different agri-equipment manufactured by different companies is primarily responsible for market growth. Agricultural fields necessitate a variety of crop cultivation equipment, such as tractors, harvesters, and seed planters, which are manufactured by various companies. Furthermore, operating the agri-equipment of the 'X' company with the agri-equipment of the 'Y' company was previously not viable, therefore proving to be time-consuming and pricey.
Furthermore, the use of ISOBUS components in agricultural machinery allows for the use of two or more pieces of equipment from different manufacturers at the same time. ISOBUS supports the inclusion of a 'Virtual Terminal,' which enables the operator to manage multiple Agri-equipment units at the same time. This reduced agricultural farmers' operating costs & provide real-time statistics for improved crop cultivation.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 10.08% |
| Regions Covered | North America: The US, Canada, Mexico |
| South America: Brazil, Argentina, Rest of South America | |
| Europe: Germany, France, Italy, Spain, Rest of Europe | |
| Middle East & Africa: | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia Pacific | |
| Key Companies Profiled |
AMAZONEN-WERKE H. DREYER SE & Co. KG, Anedo GmbH, CLAAS KGaA mbH, CNH Industrial N.V., DEUTZ-FAHR Fendt, Deere & Company, Hexagon Agriculture, Krone NA, Inc., Kuhn Group, Kvaser, Kverneland Group, LEMKEN GmbH & Co. KG, Massey Ferguson, PÖTTINGER Landtechnik GmbH, Others |
| Unit Denominations | USD Million/Billion |
Key Trend in the Global ISOBUS Component Market
ISOBUS is a remarkable invisible feature of agricultural mechanization. The new IT systems installed on tractors and farm implements allow for complete management and control of all work phases in the agriculture industry. A strong invisible network now rules agriculture, and most farmers are inclined toward smart farming, which is trending globally. Electronics in tractors and other machinery and equipment are revolutionizing agricultural operations by managing machines and connecting the operator to mechanical methods.
Technologies like TIM and Tractor-Implement Management enable not only the operator to be alerted to any anomalies or deformations in the project course, but also to seize command of the tractor with specific instructions for speed and movement of operation. The wireless system can also connect many machines including operational ones in the field for optimizing movements and management, as well as harmonizing work performed by the lead machine and complementary implements that do not require a controller.
Furthermore, connections between agricultural machinery and a home computer or smartphone enable remote crop operation control, whilst highly developed Internet systems (Internet of things) can sensibly incorporate information gained from machines and equipment and data produced by field sensors. As a result of these advancements & the use of smart technologies in the agriculture industry, would upsurge the growth of the Global ISOBUS Components market in the coming years.
Impact of COVID-19 on the Global ISOBUS Component Market
During 2020, the COVID pandemic negatively impacted the revenue of the global ISOBUS component market, owing to the global lockdown and import bans from and within the countries to minimize the death rates caused by the spread of coronavirus. Moreover, the temporary shutdown of agri-equipment manufacturing units, a slowdown of agriculture activities, and a decline in the disposable income of manufacturing firms and individual investors led to a reduction in the demand for ISOBUS components globally. Besides, a significant shift has been seen after the upliftment of the restrictions & the imposed bans, as the market starts to function again and would gradually pick up the pace in the coming years.
