Market Research Report

Global Agriculture 4.0 Market Research Report: Forecast (2021-2026)

By Component (Hardware (Livestock Monitoring Hardware (RFID Tags and Readers, Sensors, Control Systems, GPS, Others (Drones)), Agriculture Hardware (Automation and Control System,......Sensing and Monitoring Devices), Forestry Hardware (Harvesters & Forwarders (UAVs/ Drones, GPS, Cameras, RFID and Sensors, Variable Rate Controllers, Others), Fish Farm Hardware (GPS/ GNSS, Sensors, Others), Green House Farming Hardware (Combined Heat and Power Systems (CHPs), Cooling Systems, Automated Irrigation Systems, pH Sensors)), Software (Cloud-Based, Local/Web Based)), By Application (Farming (Crop health assessment, Crop Monitoring & Spraying, Planting, Soil & Field analysis, Field Mapping, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Financial Management), Forestry (Genetics and Nurseries, Silviculture and Fire Management, Harvesting Management, Inventory and logistics Management), Livestock Monitoring (Heat Stress & Fertility Management, Milk Harvesting Management, Feeding Management, Animal Health & Comfort Management, Behavior Monitoring Management, Others), Fish Farm Monitoring (Tracking and Fleet Navigation, Feeding Management, Water Quality Management, Others), Smart Green House (HVAC Management, Yield Monitoring, Water & Fertilizer Management, Lighting Management), Others (Aquaculture farming)), By End-Users (Livestock, Agro-forestry, Fishing, Aquaculture) Read more

  • Environment
  • Sep 2021
  • Pages 232
  • Report Format: PDF, Excel, PPT

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According to MarkNtel Advisors, the Global Agriculture 4.0 Market is projected to grow exponentially during 2021-26. The market expansion primarily attributes to the gradually shrinking arable land, coupled with flooding population & its growing requirements for high-quality food products. According to the UN FAO, the global population is estimated to be 9.1 Billion by 2050, i.e., nearly 34% higher than today. Consequently, to feed this larger population, food production must increase by 70 percent.

In addition, the various government initiatives toward promoting modern farming techniques like the adoption of robots in farming, coupled with the introduction of advanced technologies, such as Blockchain, drones, Big Data, etc., across the agriculture sector in crop production, shall also drove the market in the coming years.

The soaring investments in agricultural technology, surging inclination toward greenhouses & indoor farming, and reducing productivity in agriculture due to droughts & floods are other crucial factors expected to augment the market expansion.

With the help of these tools, farmers can efficiently understand the soil variables, moisture levels, monitor crop health, obtain real-time field analysis using drones, etc., and suffice the burgeoning food requirements of the growing population sustainably.

Hence, the demand for Agriculture 4.0 is anticipated to rise significantly, thereby leading the global market to observe an upswing and producing profitability for the market leaders in the coming years, further states the research report, "Global Agriculture 4.0 Market Analysis, 2021."

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Russia
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil
Middle East & Africa: Turkey, South Africa, Israel
Key Companies Profiled Trimble Inc., Deere and Company, Agco Corporation, Raven Industries, DeLaval, GEA Group, Agjunction, Antelliq, Ponsse, Komastu Forest, DJI, Granular, Hexagon Agriculture, Crop metrics, Dickey-John
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on Global Agriculture 4.0 Market

  • Last year, the Covid-19 pandemic had a balanced impact on the Global Agriculture 4.0 Market.
  • Initially, the market observed a decelerating effect when the manufacturing units temporarily shut down due to the imposition of lockdown, which, in turn, led to a significantly reduced production of agriculture technology-based equipment & its consumer need.
  • In addition, the lockdown & supply chain disruptions amidst the pandemic also underlined the value of local providers, thereby increasing the resilience of smaller farms.
  • On the other hand, the utilization of agriculture 4.0 software tools and technology-based equipment like remote sensors surged after the upliftment of restrictions and investments in agro-bot start-ups owing to the labor shortage.
  • The environmental benefits owing to travel restrictions & shut down of manufacturing units augmented a desire for more sustainable sources, requiring producers to transform conventional agriculture practices.
  • Nonetheless, monitoring the existing situation of the pandemic and its effect on the market till now, it is anticipated that the demand for Agriculture 4.0 would rise exponentially and produce profitability for the market giants in the coming period.

Global Agriculture 4.0 Market Research Report: Forecast (2021-2026)

Market Segmentation

Crop Monitoring & Spraying Application to Continue Leading the Market Through 2026

According to the research report, the Global Agriculture 4.0 Market, based on the Application, segments into:

  • Farming
  • Forestry
  • Livestock Monitoring
  • Fish Farm Monitoring
  • Smart Green House

The Farming application further includes Crop Health Assessment, Crop Monitoring & Spraying, Planting, Soil & Field Analysis, Field Mapping, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, and Financial Management.

Amongst all, Crop Monitoring & Spraying acquired the largest market share in terms of revenue over the previous years and is anticipated to continue its lead in the coming years. It owes to the mounting need to monitor the growth & performance of crops during their developmental stages with the help of Agriculture 4.0 tools & technologies, which would help farmers understand field variability & maximize the yield.

With necessary information like weather conditions, soil property, and fertilizers that might be affecting the overall production, farmers can now monitor their field & achieve optimal crop production through agriculture technology-based tools.

On the other hand, the need for Irrigation Management is expected to witness considerable growth during 2021-26 due to the mounting adoption of rain sensors, sensor-based controllers, water meters, weather-based controllers, etc., to estimate a suitable amount of irrigation water on the field. 

Furthermore, Weather Tracking & Forecasting segment shows signs of expanding substantially in the coming years. It owes to the increasing use of sensors, enabling forecasters to provide accurate weather-related insights. Besides, the introduction of machine learning techniques & advanced data analytics shall also enhance the reliability of farmers on Weather Tracking & Forecasting applications, which would lead the segment cited above to witness substantial expansion in the years to come.

Demand for RFID Tags & Readers to Witness Fastest Growth During 2021-26

The increasing adoption of RFID Tags & Readers to identify & monitor the health conditions of the livestock, track farm animals, and detect signs of lameness enables farmers to take appropriate actions at a suitable time. Besides, the burgeoning consumption of meat & dairy by the rapidly increasing population is compelling farmers to opt for better monitoring solutions to automate repetitive tasks & improve overall food quality. Hence, the rapid adoption of better monitoring solutions is expected to drive the need for RFID Tags & Sensors during 2021-26, reveals MarkNtel Advisors in their research report, “Global Agriculture 4.0 Market Analysis, 2021.”

Market Drivers

The most prominent factor anticipated to drive the Global Agriculture 4.0 Market in the coming period is the rapidly increasing adoption of technologies like Variable Rate Technology (VRT), remote sensing, GPS, etc., to increase crop productivity and reduce labor overheads. In addition, the growing adoption of drones for spraying, pruning, weeding, and harvesting applications also helps farmers monitor processes at farmlands remotely, which shall gain momentum by reducing the need for manual labor & labor costs.

Market Restraints

The prime factors that might restrain the market expansion are inadequate awareness about agriculture 4.0 among farmers and the high installation cost of technology-based equipment. Additionally, the lack of digital literacy in rural areas due to limited network access limiting farmers to exercise digital services might also negatively affect the market in the coming period. Moreover, lack of laws & regulations for ownership & management of digital data, coupled with inadequate availability of IT infrastructure to acquire, process, & share that data, shall further hold the market to grow during 2021-26.

Regional Landscape

North America Projected to Witness Highest Market Growth, Followed by Europe, During 2021-26

The growing adoption of tools, including Variable Rate Technology (VRT), among farmers in North America for crop production is the primary factor backing the regional outlook. 

In the region, the US & Canada are the early adopters of modern farming technology, which is another crucial aspect that shall expand the market size. In addition, various initiatives by the governments of these countries promoting farmers toward the enactment of modern agricultural techniques, coupled with the incredibly developed agricultural infrastructure, shall also generate massive revenues and growth opportunities for the market leaders through 2026.

On the other hand, Europe acquired a majority market share in recent years and is projected to witness significant market growth in the coming years. By 2030, this region would observe a labor shortage of about 28% and, in turn, result in the rapid adoption of digital technologies by farmers and mounting automation in the agricultural sector to reduce the human workforce & surge crop productivity.

Moreover, the burgeoning number of Agtech start-ups in the region, the increasing popularity of drones in farming, and massive investments in the agricultural sector by the government & private firms are other crucial factors projected to enhance the market size and create remunerative opportunities for leading players in Europe during 2021-26.

Key Questions Answered in the Market Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast, Segmentation, Shares) of the Global Agriculture 4.0 Market?
  2. What are the region-wise industry size, drivers, & challenges?
  3. What are the key innovations, profitability, current & future trends, and regulations in the Global Agriculture 4.0 Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Agriculture 4.0 Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the surveys conducted during the Global Agriculture 4.0 Market study?

Don't Need a Global Report? Focus on reports for specific countries and regions

Frequently Asked Questions

   A. Crop Monitoring & Spraying to witness the maximum demand in the Global Agriculture 4.0 Market during 2021-26.

   A. The rapidly increasing adoption of tools like Variable Rate Technology (VRT), remote sensing, GPS, etc., in the agriculture sector, to increase crop productivity & reduce labor overheads is the prime factor anticipated to drive the Global Agriculture 4.0 Market and produce remunerative opportunities for the industry leaders during 2021-26.

   A. With the ease of restrictions and massive investments in agro-bot start-ups due to labor shortage, the utilization of Agriculture 4.0 tools & technology-based equipment is surging at an astronomical pace, which shall positively impact the Global Agriculture 4.0 Market in the years to come.

  1. Introduction
    1.   Product Definition
    2.   Research Process
    3.   Assumptions
    4.   Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Agricultural Sector
  4. Expert Verbatim: What our expert says?
  5. Global Agriculture 4.0 Market Trends & Insights
  6. Global Agriculture 4.0 Market Dynamics
    1.   Growth Drivers
    2.   Challenges
    3.   Impact Analysis
  7. Global Agriculture 4.0 Business Cases by Technology
    1. Data Analytics
    2. Augment & Virtual Reality
    3. Artificial Intelligence
    4. Digital Twin
    5. Collaborative Robots
    6. Blockchain Management
    7. Nanotechnology
    8. Food haring and crowdfarming
  8. Global Agriculture 4.0 Market Hotspot & Opportunities
  9. Global Agriculture 4.0 Market Key Strategic Imperatives for Success & Growth
  10. Global Agriculture 4.0 Government regulations and Policy Analysis
  11. Global Agriculture 4.0 Market Analysis, 2016-2026F
    1. Market Size and Analysis
      1.  By Revenue
    2. Market Share and Analysis
      1.   By Component
        1. By Hardware
          1. Livestock Monitoring Hardware
            1. RFID Tags and Readers
            2. Sensors
            3. Control Systems
            4. GPS
            5. Others (Drones)
          2. Agriculture Hardware
            1. Automation and Control Systems
            2. Sensing and Monitoring Devices
          3.  Forestry Hardware
            1. Harvesters & Forwarders
            2. UAVs/ Drones
            3. GPS
            4. Cameras
            5. RFID and Sensors
            6. Variable Rate Controllers
            7. Others
          4. Fish Farm Hardware
            1. GPS/ GNSS
            2. Sensors
            3. Others
          5. Greenhouse Farming Hardware
            1. Combined Heat and Power Systems (CHPs)
            2. Cooling Systems
            3. Automated Irrigation Systems
            4. pH Sensors
        2. By Software
          1. Cloud Based
          2.  Local/Web Based
      2. By Application
        1. Farming
          1. Crop health assessment
          2. Crop Monitoring and Spraying
          3. Planting
          4. Soil and Field analysis
          5. Field Mapping
          6. Weather Tracking and Forecasting
          7. Irrigation Management
          8. Inventory Management
          9. Farm Labor Management
          10. Financial Management
        2. Forestry
          1. Genetics and Nurseries
          2. Silviculture and Fire Management
          3. Harvesting Management
          4. Inventory and logistics Management
        3. Livestock Monitoring
          1. Heat Stress & Fertility Management
          2. Milk Harvesting Management
          3. Feeding Management
          4. Animal Health & Comfort Management
          5. Behavior Monitoring Management
          6. Others
        4. Fish Farm Monitoring
          1. Tracking and Fleet Navigation
          2. Feeding Management
          3. Water Quality Management
          4. Others
        5. Smart Green House
          1. HVAC Management
          2. Yield Monitoring
          3. Water and Fertilizer Management
          4. Lighting Management
        6. Others (Aquaculture farming)
      3. By End Users
        1. Livestock
        2. Agro-forestry
        3. Fishing
        4. Aquaculture
      4. By Region
        1. North America
        2. South America
        3. Asia Pacific
        4. Europe
        5. Middle East & Africa
      5.  By Company
        1. Competition Characteristics
        2.  Market Share and Analysis
        3. Australia
  12. North America Agriculture 4.0 Market Analysis, 2016-2026F
    1. Market Size and Analysis
      1.  By Revenue
    2. Market Share and Analysis
      1. By Component
      2. By Application
      3. By End Users
      4. By Region
        1. USA Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        2. Canada Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        3. Mexico Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
  13. South America Agriculture 4.0 Market Analysis, 2016-2026F
    1. Market Size and Analysis
      1.  By Revenue
    2. Market Share and Analysis
      1.   By Component
      2. By Application
      3. By End Users
      4. By Region
        1. Brazil Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
  14. Europe Agriculture 4.0 Market Analysis, 2016-2026F
    1. Market Size and Analysis
      1.  By Revenue
    2. Market Share and Analysis
      1.   By Component
      2. By Application
      3. By End Users
      4. By Region
        1. Germany Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        2. UK Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        3. France Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        4. Spain Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        5. Italy Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
  15. Middle East & Africa Agriculture 4.0 Market Analysis, 2016-2026F
    1. Market Size and Analysis
      1.  By Revenue
    2. Market Share and Analysis
      1.   By Component
      2. By Application
      3. By End Users
      4. By Region
        1. Turkey Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        2. South Africa Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        3. Israel Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
  16. Asia Pacific Agriculture 4.0 Market Analysis, 2016-2026F
    1. Market Size and Analysis
      1.  By Revenue
    2. Market Share and Analysis
      1.   By Component
      2. By Application
      3. By End Users
      4. By Region
        1. India Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        2.  China Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        3.  South Korea Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
        4.  Japan Agriculture 4.0 Market Analysis, 2016-2026F
          1. Market Size and Analysis
            1.  By Revenue
          2. Market Share and Analysis
            1. By Component
            2. By Application
  17. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Manufacturing Units
      5. Research & Development
      6. Strategic Alliance
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Business Segments, Financials, Strategic Alliances or Partnerships, Future Plans)
      1. Trimble Inc.
      2. Deere and Company
      3. Agco Corporation
      4. Raven Industries
      5. DeLaval
      6. GEA Group
      7. Agjunction
      8. Antelliq
      9. Ponsse
      10. Komastu Forest
      11. DJI
      12. Granular
      13. Hexagon Agriculture
      14. Crop metrics
      15. Dickey-John
      16. Others
  18. Disclaimer


Agriculture 4.0 Market Segmentation

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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