The global smart farming market was valued at $15.06 billion in 2022 and is expected to reach $33.0 billion in 2027, following a CAGR of 16.99% during 2022-2027. The growth in the global smart farming market is expected to be driven by increase in adoption of IoT and artificial intelligence, digitalization of agriculture operations, rise in dependence on advanced technologies to enhance production across the globe.

Market Lifecycle Stage

The smart farming market is in a growing phase owing to different advanced technologies in the market. As increase in adoption of automated machineries and equipment, sensors and navigation systems, robots, autonomous vehicles, and others. Sensor is the most important hardware component used in the modern agriculture operations.

Impact

• Smart farming is about using the new technologies that emerged in agriculture and livestock at the beginning of the fourth industrial revolution to increase production volume and quality by making maximum use of resources and minimizing environmental impact. Also, the implementation of technology in agriculture and livestock will make it possible to improve food security around the world.

• The use of smart farming technologies has positive impact of agriculture operations and livestock farming. These technologies offer benefits such as increased efficiency & productivity, water saving, reduced costs, pest detection and animal health, better sustainability, and others. In addition, smart farming helps farmers better understand the important factors such as water, topography, orientation, vegetation and soil types.

Impact of COVID-19

Due to the COVID-19 pandemic, the research & development has slowed down owing to the lack of funding, halt manufacturing activities, and components or raw material supply chain disruptions. In addition, positive impact of COVID-19 had been seen on smart farming technologies adoption such as autonomous vehicles, robots, software solutions, and sensors by farmers owing to lack of workers which is resulted in increase in demand for smart farming solutions worldwide.

Market Segmentation:

Segmentation 1: by Application

• Precision Farming
• Livestock Monitoring and Management
• Aquaculture
• Others

The global smart farming market in the application segment is expected to be dominated by precision farming applications. Rise in use of precision farming applications such as precision irrigation, yield monitoring & forecasting, precision spraying, precision planting, and others are expected to drive the growth of this segment globally. This is followed by the livestock monitoring and management segment which accounts for the second-largest share in the smart farming market due to increase in awareness and demand towards tracking and monitoring of health of livestock across the globe.

Segmentation 2: by Product Type

• Hardware
• Software

The hardware segment is estimated to capture highest market share during the period 2022 to 2027. The hardware equipment is increasingly used in the various farming operations. In addition, the increasing adoption of intelligent or autonomous vehicles integrated with sensors and navigation systems, computer vision is expected to drive the growth of the smart farming market worldwide. Moreover, increase in penetration of integrated hardware and software technologies are expected to increase the production and efficiency of farms which in turn is projected to drive the market growth in the coming years.

Segmentation 3: by Region

• North America – U.S., Canada, and Mexico
• Europe – Germany, France, Italy, Spain, Netherlands, Greece, Ukraine, Belgium, Switzerland, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific – India, Japan, Australia and New Zealand, Thailand, South Korea, and Rest-of-Asia-Pacific
• Middle East and Africa – Israel, South Africa, Turkey, and Rest-of-Middle East and Africa
• South America – Brazil, Rest-of-South America

North America dominated the smart farming market in 2021 and is anticipated to uphold its dominance throughout the forecast period. The growth in the market is majorly driven by the increasing research and development activities and large-scale adoption of digital technologies.

Recent Developments in Global Smart Farming Market

• In January 2022, Hexagon Agriculture launched a new technology named HxGN AgrOn planting assistant. This new technology is aimed at improving accuracy in shovel planting. This item can also be adopted by other types of crops, such as palm oil, coffee, banana, and citrus.
• In October 2022, Trimble Inc. launched new agriculture displays, such as Trimble GFX-1060 and GFX-1260, for precision agriculture applications. These displays provide next-generation performance and connectivity for in-field operations.
• In June 2022, BASF acquired Horta S.r.l., an Italian company specialized in digital farming solutions. Horta is an established player for the development of highly innovative agronomic Decision Support Systems (DSS) for crops such as grapes, tomatoes, cereals and olives.
• In August 2022, CropX inc. launched a continuous nitrogen leaching monitoring capability for its farm management system. This new development would track the nitrogen movement and salts in the soil.

Demand – Drivers and Limitations

Following are the demand drivers for the Smart Farming Market:

• Need for Automation of Work Force in Agriculture
• Rising Concerns over Agriculture Sustainability
• Need For Technology in Livestock Monitoring and Disease Detection
• Increasing Demand for Global Food Security owing to Population Growth and Urbanization

The market is expected to face some following challenges:

• Rising Concern over Data Security with Increasing Cyber Attacks
• Lack of Compatible Infrastructure

How This Report Can Add Value to End Users

Product/Innovation Strategy: The product segment helps the reader understand the different types of hardware and software is expected to available for deployment in the smart farming applications. Moreover, the study provides the reader a detailed understanding of the different product types by applications (precision farming, livestock monitoring & management, aquaculture, and others). Hardware solutions such as autonomous vehicles, sensing and navigation systems, yield mapping devices, and auto steering systems are most widely used in modern agriculture practices. Therefore, the smart farming market is a moderate investment and high revenue generating product in the coming years owing to the rise in investment towards climate smart agriculture practices across the globe.

Growth/Marketing Strategy: The global smart farming market has seen major development by key players operating in the market, such as acquisition, partnership, agreement, business expansion, and product launches. The favoured strategy for the companies has been agreement, business expansion, and product launch to strengthen their positions in the smart farming market.

For instance, in August 2021, Deere & Company acquired Bear Flag Robotics; an agriculture technology startup based in Silicon Valley. Bear Flag’s technology enables a machine to work in a field autonomously. Bear Flag’s technology complements Deere’s technology initiatives and goals to help farmers achieve the best possible outcomes and solve meaningful challenges through advanced technology, including autonomy.

Competitive Strategy: Key players in the global Smart Farming Market analysed and profiled in the study involve integrated hardware and software manufacturers that are engaged in providing advanced smart farming solutions to farmers and other agriculture service companies. Moreover, a detailed competitive benchmarking of the players operating in the global Smart Farming Market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company’s coverage, product portfolio, its market penetration.

The top segment players who are leading include key precision farming and livestock monitoring & management technologies manufacturers in the market and the ones which are engaged in providing smart aquaculture solutions across the globe.

Key Companies Profiled

Company Type 1: Precision Farming and Farm Management
• Ag Leader Technology
• AGCO Corporation
• CNH Industrial N.V.
• Deere & Company
• Hexagon Agriculture
• Kubota Corporation
• Climate LLC
• Trimble Inc.
• BASF SE
• CropX inc.
• Connecterra B.V.
• Naio Technologies
• DJI
• Signify Holding
• Osram Licht AG

Company Type 2: Livestock Monitoring and Management
• Afimilk Ltd.
• Allflex USA Inc.
• Nedap N.V.
• Cargill, Incorporated
• GEA Group Ag

Company Type 3: Aquaculture
• AKVA Group ASA
• Eruvaka Technologies
• AquaManager

Related Reports

Related Report: Global Indoor Farming Technology Market – A Global and Regional Analysis: Focus on Key Technologies, Patents, Drivers, Opportunities, Challenges, and Applications
Related Report: Smart Farming Market – A Europe Region Analysis – Focus on Application, Product, and Country-Wise Analysis – Analysis and Forecast, 2022-2027

The post Global Smart Farming Market – A Global and Regional Analysis: Focus on Solution, Application, Adoption Framework and Country-Wise Analysis, Startup Analysis, Patent Analysis, and Value Chain – Analysis and Forecast, 2022-2027 first appeared on CRI Report.

The Europe smart farming market was valued at $3,993.7 million in 2022 and is expected to reach $8,420.6 million in 2027, following a CAGR of 16.09% during 2022-2027. The growth in the Europe Smart Farming Market is expected to be driven by increase in adoption of IoT and artificial intelligence, digitalization of agriculture operations, rise in dependence on advanced technologies to enhance production across the region.

Market Lifecycle Stage

The Smart Farming Market is in a growing phase owing to different advanced technologies in the market. As increase in adoption of automated machineries and equipment, sensors and navigation systems, robots, autonomous vehicles, guidance and steering systems, and others. Sensors and guidance and steering systems are the most important hardware components used in the modern agriculture operations.

Impact

• Smart farming is about using the new technologies that emerged in agriculture and livestock at the beginning of the fourth industrial revolution to increase production volume and quality by making maximum use of resources and minimizing environmental impact. Also, the implementation of technology in agriculture and livestock will make it possible to improve food security around the world.
• The use of smart farming can assist farmers in reducing waste and increasing efficiency by integrating them into their operations. Trends such as increasing requirements for crop yield and increasing demand to combat climate change further contribute to the growth of the Europe smart farming market. Varying weather circumstances influence soil quality and crop yields. Therefore, farmers in Europe are adopting innovations and technologies that can optimize production costs and lessen the harmful effects of greenhouse gases, such as methane, on the environment.
• The use of smart farming technologies has positive impact of agriculture operations and livestock farming. These technologies offer benefits such as increased efficiency & productivity, water saving, reduced costs, pest detection and animal health, better sustainability, and others. In addition, smart farming helps farmers better understand the important factors such as water, topography, orientation, vegetation, and soil types.

Impact of COVID-19

The outbreak of COVID-19, followed by the European country’s lockdown in 2020-2021, disrupted the function of the Europe smart farming market. It affected the production process and supply chain networks and resulted in losses for the manufacturers in the Europe smart farming market. The unavailability of labour and lack of raw materials such as sensors, semiconductors, and other components were the key factors that limited production. However, production activities gradually started by the end of 2020 as the governments of different countries provided some relief from the lockdown.

Market Segmentation

Segmentation 1: by Application
• Precision Farming
• Livestock Monitoring & Management
• Aquaculture
• Others

The Europe Smart Farming Market in the application segment is expected to be dominated by precision farming applications. Rise in use of precision farming applications such as precision irrigation, yield monitoring & forecasting, precision spraying, precision planting, and others are expected to drive the growth of this segment in the region. This is followed by the livestock monitoring and management segment which accounts for the second-largest share in the smart farming market due to increase in awareness and demand towards tracking and monitoring of health of livestock across the Europe.

Segmentation 2: by Product Type
• Hardware
• Software
• Services

The hardware segment is estimated to capture highest market share during the period 2022 to 2027. The hardware equipment is increasingly used in the various farming operations. In addition, the increasing adoption of intelligent or autonomous vehicles integrated with sensors and navigation systems, computer vision is expected to drive the growth of the smart farming market in the region. Moreover, increase in penetration of integrated hardware and software technologies are expected to increase the production and efficiency of farms which in turn is projected to drive the market growth in the coming years.

Segmentation 3: by Country
• Europe – U.K., Germany, France, Italy, Spain, Netherlands, Ukraine, Sweden, Finland, Norway, Denmark, Poland, Czech Republic, and Rest-of-Europe

U.K. generated the highest revenue of $540.2 million in 2021. The country is experiencing an increase in adoption of smart farming technologies such as autonomous vehicles, software systems, and other automation and control systems. In addition, increase adoption of digital technologies for modern farm machineries in efficient crop production in the country along with rise in popularity of indoor farming owing to urbanization. Germany registered the 2nd highest revenue in the Europe smart farming market.

Recent Developments in Europe Smart Farming Market

• In October 2022, Trimble Inc. launched new agriculture displays, such as Trimble GFX-1060 and GFX-1260, for precision agriculture applications. These displays provide next-generation performance and connectivity for in-field operations.
• In January 2022, Hexagon Agriculture launched a new technology named HxGN AgrOn planting assistant. This new technology is aimed at improving accuracy in shovel planting. This item can also be adopted by other types of crops, such as palm oil, coffee, banana, and citrus.
• In June 2022, BASF acquired Horta S.r.l., an Italian company specialized in digital farming solutions. Horta is an established player for the development of highly innovative agronomic Decision Support Systems (DSS) for crops such as grapes, tomatoes, cereals and olives.
• In August 2022, CropX inc. launched a continuous nitrogen leaching monitoring capability for its farm management system. This new development would track the nitrogen movement and salts in the soil.

Demand – Drivers and Limitations

Following are the demand drivers for the Europe Smart Farming Market

• Need for Higher Food Production with Limited Resources
• Decreasing Workforce Availability in Agriculture
• Increased Farmland Consolidation and Large Farm Size

The market is expected to face some following challenges:

• Rising Concern over Data Security
• Lack of Interoperability is Hindering the Growth

Analyst Thoughts

According to Debraj Chakraborty, Principal Analyst, CRI Report, “The use of smart farming technologies such as IoT sensors have been able to increase crop yields by 15% while decreasing fertilizer and water use by around 25%. This highlights the significance of smart farming technologies in raising profitability and environmental performance.”.

How Can This Report Add Value to an Organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of hardware, software, and services are available in the smart farming applications. Moreover, the study provides the reader a detailed understanding of the different product types by applications (precision farming, livestock monitoring & management, aquaculture, and others). Hardware solutions such as autonomous vehicles, sensing and navigation systems, yield mapping devices, and auto steering systems are most widely used in modern agriculture practices. Therefore, the smart farming market is a moderate investment and high revenue generating product in the coming years owing to the rise in investment towards climate smart agriculture practices across the region.

Growth/Marketing Strategy: The Europe Smart Farming Market has seen major development by key players operating in the market, such as acquisition, partnership, agreement, business expansion, and product launches. The favoured strategy for the companies has been partnerships, joint venture, collaborations, and product launch to strengthen their positions in the Europe smart farming market.

For instance, in October 2021, AGRIVI partnered with FarmApp. This partnership aimed at providing customers with digital agriculture solutions. It would help customers to achieve new levels of production efficiency. In addition, AGRIVI would strengthen its presence in Europe through this partnership.

Competitive Strategy: Key players in the Europe Smart Farming Market analysed and profiled in the study involve integrated hardware and software manufacturers that are engaged in providing advanced smart farming solutions to farmers and other agriculture service companies. Moreover, a detailed competitive benchmarking of the players operating in the Europe Smart Farming Market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company’s coverage, product portfolio, its market penetration.

The top segment players who are leading include key precision farming and livestock monitoring & management technologies manufacturers in the market and the ones which are engaged in providing smart aquaculture solutions across the region.

Key Companies Profiled

Company Type 1: Precision Farming Companies
• AGRIVI
• Agroptima S.L.
• CropX, Inc.
• Hexagon Agriculture
• Kubota Corporation
• Climate LLC (Bayer AG)
• AgriCircle
• Augmenta
• Yara International ASA
• Ec2ce
• Ag Leader Technology
• Trimble Inc.
• CNH Industrial N.V.
• BASF SE
• Deere & Company
• FarmFacts
• OneSoil
• Intellias
• Proagrica (LexisNexis Risk Solutions Group)
• Syngenta AG

Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Trends: Current and Future
1.1.2.1 5G: The Future of Smart Farming
1.1.2.2 Increasing Adoption of Agriculture Technology-as-a-Service
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory Bodies
1.1.3.3 Government Programs
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Need for Higher Food Production with Limited Resources
1.2.1.2 Decreasing Workforce Availability in Agriculture
1.2.1.3 Increased Farmland Consolidation and Large Farm Size
1.2.2 Business Challenges
1.2.2.1 Rising Concern over Data Security
1.2.2.2 Lack of Interoperability is Hindering the Growth
1.2.3 Market Strategies and Developments
1.2.3.1 Business Strategies
1.2.3.1.1 Product Developments
1.2.3.1.2 Market Developments
1.2.3.2 Corporate Strategies
1.2.3.2.1 Mergers and Acquisitions
1.2.3.2.2 Partnerships, Collaborations, Joint Ventures, and Alliances
1.2.3.3 Others
1.2.4 Business Opportunities
1.2.4.1 Integration of Emerging Technologies with Existing Practices
1.2.4.2 Integral Offerings with Horizontal Integration in Farming
1.3 Business Model Analysis
1.3.1 Business Model of OneSoil
1.3.2 Business Model of CropX inc.
1.3.3 Business Model of Hummingbird Technologies Limited
1.4 Start-up Landscape
1.4.1 Key Start-ups in the Ecosystem
1.4.2 Funding Analysis
1.4.2.1 Total Investments and Number of Funding Deals
1.4.2.2 Top Funding Deals by the Start-Ups
1.4.2.3 Funding Analysis (by Country)
1.4.2.4 Funding Analysis (by Investors)
1.5 Geopolitical and Socioeconomic Impact Analysis
1.5.1 Impact of European Grean Deal on Smart Farming Market
1.5.2 Impact of COVID-19 on the Europe Smart Farming Market
1.5.3 Impact of Russia-Ukraine Crisis on Europe Smart Farming Market
2 Application
2.1 Europe Smart Farming Market (by Application)
2.1.1 Precision Farming
2.1.1.1 Yield Monitoring and Crop Scouting or Forecasting
2.1.1.2 Precision Planting
2.1.1.3 Precision Spraying
2.1.1.4 Precision Fertilization
2.1.1.5 Precision Irrigation
2.1.1.6 Farm Management
2.1.1.7 Others
2.1.2 Livestock Monitoring and Management
2.1.3 Aquaculture
2.1.4 Others
2.2 Demand Analysis of the Europe Smart Farming Market (by Application)
2.2.1 Demand Analysis of the Europe Smart Farming Market (by Precision Farming Application)
3 Product
3.1 Smart Farming Market (by Product)
3.1.1 Hardware
3.1.2 Software
3.1.2.1 Software Type
3.1.2.1.1 Farm Operation Management Software
3.1.2.1.2 Hardware Control Application Software
3.1.2.1.3 Data and Predictive Analytics Software
3.1.2.2 Deployment Type
3.1.2.2.1 On-Premises
3.1.2.2.2 Cloud-Based
3.1.3 Services
3.2 Demand Analysis of the Europe Smart Farming Market (by Product)
3.2.1 Demand Analysis of the Europe Smart Farming Market (by Software)
3.2.2 Demand Analysis of the Europe Smart Farming Market (by Deployment)
3.3 Patent Analysis
3.3.1 Patent Analysis (by Objective)
3.3.1.1 Patent Analysis (by Application)
3.3.2 Patent Analysis (by Organization)
3.3.3 Patent Analysis (by Patent Office)
3.4 Value Chain Analysis
4 Region
4.1 Europe
4.1.1 Market
4.1.1.1 Buyer Attributes
4.1.1.1.1 Farm Size and Labor Availability
4.1.1.1.2 Crop Production
4.1.1.1.3 Demographics
4.1.1.1.4 Digitalized Acreage by Company
4.1.1.2 Market Share Analysis (by Company)
4.1.1.3 Business Drivers
4.1.1.4 Business Challenges
4.1.2 Europe (by Country)
4.1.2.1 Germany
4.1.2.1.1 Market
4.1.2.1.1.1 Buyer Attributes
4.1.2.1.1.1.1 Farm Size and Labor Availability
4.1.2.1.1.1.2 Crop Production
4.1.2.1.1.1.3 Demographics
4.1.2.1.1.1.4 Digitalized Acreage by Company
4.1.2.1.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.1.1.3 Business Challenges
4.1.2.1.1.4 Business Drivers
4.1.2.1.2 Application
4.1.2.1.2.1 Germany Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.1.2.1.1 Germany Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.1.3 Product
4.1.2.1.3.1 Germany Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.1.3.1.1 Germany Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.1.3.1.2 Germany Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.2 France
4.1.2.2.1 Market
4.1.2.2.1.1 Buyer Attributes
4.1.2.2.1.1.1 Farm Size and Labor Availability
4.1.2.2.1.1.2 Crop Production
4.1.2.2.1.1.3 Demographics
4.1.2.2.1.1.4 Digitalized Acreage by Company
4.1.2.2.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.2.1.3 Business Challenges
4.1.2.2.1.4 Business Drivers
4.1.2.2.2 Application
4.1.2.2.2.1 France Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.2.2.1.1 France Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.2.3 Product
4.1.2.2.3.1 France Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.2.3.1.1 France Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.2.3.1.2 France Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.3 Netherlands
4.1.2.3.1 Market
4.1.2.3.1.1 Buyer Attributes
4.1.2.3.1.1.1 Farm Size and Labor Availability
4.1.2.3.1.1.2 Crop Production
4.1.2.3.1.1.3 Demographics
4.1.2.3.1.1.4 Digitalized Acreage by Company
4.1.2.3.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.3.1.3 Business Challenges
4.1.2.3.1.4 Business Drivers
4.1.2.3.2 Application
4.1.2.3.2.1 Netherlands Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.3.2.1.1 Netherlands Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.3.3 Product
4.1.2.3.3.1 Netherlands Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.3.3.1.1 Netherlands Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.3.3.1.2 Netherlands Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.4 Italy
4.1.2.4.1 Market
4.1.2.4.1.1 Buyer Attributes
4.1.2.4.1.1.1 Farm Size and Labor Availability
4.1.2.4.1.1.2 Crop Production
4.1.2.4.1.1.3 Demographics
4.1.2.4.1.1.4 Digitalized Acreage by Company
4.1.2.4.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.4.1.3 Business Challenges
4.1.2.4.1.4 Business Drivers
4.1.2.4.2 Application
4.1.2.4.2.1 Italy Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.4.2.1.1 Italy Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.4.3 Product
4.1.2.4.3.1 Italy Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.4.3.1.1 Italy Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.4.3.1.2 Italy Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.5 Spain
4.1.2.5.1 Market
4.1.2.5.1.1 Buyer Attributes
4.1.2.5.1.1.1 Farm Size and Labor Availability
4.1.2.5.1.1.2 Crop Production
4.1.2.5.1.1.3 Demographics
4.1.2.5.1.1.4 Digitalized Acreage by Company
4.1.2.5.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.5.1.3 Business Challenges
4.1.2.5.1.4 Business Drivers
4.1.2.5.2 Application
4.1.2.5.2.1 Spain Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.5.2.1.1 Spain Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.5.3 Product
4.1.2.5.3.1 Spain Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.5.3.1.1 Spain Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.5.3.1.2 Spain Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.6 Denmark
4.1.2.6.1 Market
4.1.2.6.1.1 Buyer Attributes
4.1.2.6.1.1.1 Farm Size and Labor Availability
4.1.2.6.1.1.2 Crop Production
4.1.2.6.1.1.3 Demographics
4.1.2.6.1.1.4 Digitalized Acreage by Company
4.1.2.6.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.6.1.3 Business Challenges
4.1.2.6.1.4 Business Drivers
4.1.2.6.2 Application
4.1.2.6.2.1 Denmark Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.6.2.1.1 Denmark Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.6.3 Product
4.1.2.6.3.1 Denmark Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.6.3.1.1 Denmark Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.6.3.1.2 Denmark Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.7 Norway
4.1.2.7.1 Market
4.1.2.7.1.1 Buyer Attributes
4.1.2.7.1.1.1 Farm Size and Labor Availability
4.1.2.7.1.1.2 Crop Production
4.1.2.7.1.1.3 Demographics
4.1.2.7.1.1.4 Digitalized Acreage by Company
4.1.2.7.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.7.1.3 Business Challenges
4.1.2.7.1.4 Business Drivers
4.1.2.7.2 Application
4.1.2.7.2.1 Norway Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.7.2.1.1 Norway Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.7.3 Product
4.1.2.7.3.1 Norway Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.7.3.1.1 Norway Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.7.3.1.2 Norway Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.8 Sweden
4.1.2.8.1 Market
4.1.2.8.1.1 Buyer Attributes
4.1.2.8.1.1.1 Farm Size and Labor Availability
4.1.2.8.1.1.2 Crop Production
4.1.2.8.1.1.3 Demographics
4.1.2.8.1.1.4 Digitalized Acreage by Company
4.1.2.8.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.8.1.3 Business Challenges
4.1.2.8.1.4 Business Drivers
4.1.2.8.2 Application
4.1.2.8.2.1 Sweden Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.8.2.1.1 Sweden Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.8.3 Product
4.1.2.8.3.1 Sweden Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.8.3.1.1 Sweden Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.8.3.1.2 Sweden Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.9 Finland
4.1.2.9.1 Market
4.1.2.9.1.1 Buyer Attributes
4.1.2.9.1.1.1 Farm Size and Labor Availability
4.1.2.9.1.1.2 Crop Production
4.1.2.9.1.1.3 Demographics
4.1.2.9.1.1.4 Digitalized Acreage by Company
4.1.2.9.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.9.1.3 Business Challenges
4.1.2.9.1.4 Business Drivers
4.1.2.9.2 Application
4.1.2.9.2.1 Finland Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.9.2.1.1 Finland Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.9.3 Product
4.1.2.9.3.1 Finland Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.9.3.1.1 Finland Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.9.3.1.2 Finland Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.10 Czech Republic
4.1.2.10.1 Market
4.1.2.10.1.1 Buyer Attributes
4.1.2.10.1.1.1 Farm Size and Labor Availability
4.1.2.10.1.1.2 Crop Production
4.1.2.10.1.1.3 Demographics
4.1.2.10.1.1.4 Digitalized Acreage by Company
4.1.2.10.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.10.1.3 Business Challenges
4.1.2.10.1.4 Business Drivers
4.1.2.10.2 Application
4.1.2.10.2.1 Czech Republic Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.10.2.1.1 Czech Republic Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.10.3 Product
4.1.2.10.3.1 Czech Republic Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.10.3.1.1 Czech Republic Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.10.3.1.2 Czech Republic Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.11 Poland
4.1.2.11.1 Market
4.1.2.11.1.1 Buyer Attributes
4.1.2.11.1.1.1 Farm Size and Labor Availability
4.1.2.11.1.1.2 Crop Production
4.1.2.11.1.1.3 Demographics
4.1.2.11.1.1.4 Digitalized Acreage by Company
4.1.2.11.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.11.1.3 Business Challenges
4.1.2.11.1.4 Business Drivers
4.1.2.11.2 Application
4.1.2.11.2.1 Poland Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.11.2.1.1 Poland Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.11.3 Product
4.1.2.11.3.1 Poland Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.11.3.1.1 Poland Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.11.3.1.2 Poland Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.12 U.K.
4.1.2.12.1 Market
4.1.2.12.1.1 Buyer Attributes
4.1.2.12.1.1.1 Farm Size and Labor Availability
4.1.2.12.1.1.2 Crop Production
4.1.2.12.1.1.3 Demographics
4.1.2.12.1.1.4 Digitalized Acreage by Company
4.1.2.12.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.12.1.3 Business Challenges
4.1.2.12.1.4 Business Drivers
4.1.2.12.2 Application
4.1.2.12.2.1 U.K. Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.12.2.1.1 U.K. Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.12.3 Product
4.1.2.12.3.1 U.K. Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.12.3.1.1 U.K. Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.12.3.1.2 U.K. Smart Farming Market (by Software), $Million, 2021-2027
4.1.2.13 Rest-of-Europe
4.1.2.13.1 Market
4.1.2.13.1.1 Buyer Attributes
4.1.2.13.1.1.1 Farm Size and Labor Availability
4.1.2.13.1.1.2 Crop Production
4.1.2.13.1.1.3 Demographics
4.1.2.13.1.1.4 Digitalized Acreage by Company
4.1.2.13.1.2 Market Share Analysis (in terms of Million ha)
4.1.2.13.1.3 Business Challenges
4.1.2.13.1.4 Business Drivers
4.1.2.13.2 Application
4.1.2.13.2.1 Rest-of-Europe Smart Farming Market (by Application), $Million, 2021-2027
4.1.2.13.2.1.1 Rest-of-Europe Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
4.1.2.13.3 Product
4.1.2.13.3.1 Rest-of-Europe Smart Farming Market (by Product), $Million, 2021-2027
4.1.2.13.3.1.1 Rest-of-Europe Smart Farming Market (by Deployment), $Million, 2021-2027
4.1.2.13.3.1.2 Rest-of-Europe Smart Farming Market (by Software), $Million, 2021-2027
5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Market Share Analysis (in terms of Million ha)
5.2.1 Market Share Analysis (by Country)
5.3 Company Profiles
5.3.1 Precision Farming Companies
5.3.1.1 AGRIVI
5.3.1.1.1 Overview
5.3.1.1.1.1 Role of AGRIVI in the Europe Smart Farming Market
5.3.1.1.1.2 Product Portfolio
5.3.1.1.1.3 Target Customers
5.3.1.1.1.4 Key Clients
5.3.1.1.2 Business Strategies
5.3.1.1.2.1 Product Developments
5.3.1.1.2.2 Market Developments
5.3.1.1.3 Corporate Strategies
5.3.1.1.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.1.4 Analyst View
5.3.1.2 Agroptima S.L.
5.3.1.2.1 Company Overview
5.3.1.2.1.1 Role of Agroptima S.L. in the Europe Smart Farming Market
5.3.1.2.1.2 Product Portfolio
5.3.1.2.1.3 Target Customers
5.3.1.2.1.4 Key Clients
5.3.1.2.2 Analyst View
5.3.1.3 CropX inc.
5.3.1.3.1 Company Overview
5.3.1.3.2 Role of CropX inc. in the Europe Smart Farming Market
5.3.1.3.3 Product Portfolio
5.3.1.3.3.1 Target Customers
5.3.1.3.3.2 Key Partners
5.3.1.3.4 Business Strategies
5.3.1.3.4.1 Product Developments
5.3.1.3.5 Corporate Strategies
5.3.1.3.5.1 Partnerships, Collaborations, and Joint Ventures
5.3.1.3.5.2 Mergers and Acquisitions
5.3.1.3.6 Analyst View
5.3.1.4 Hexagon Agriculture
5.3.1.4.1 Company Overview
5.3.1.4.1.1 Role of Hexagon Agriculture in the Europe Smart Farming Market
5.3.1.4.1.2 Product Portfolio
5.3.1.4.1.3 Target Customers
5.3.1.4.2 Business Strategies
5.3.1.4.2.1 Product Developments
5.3.1.4.3 Corporate Strategies
5.3.1.4.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.4.3.2 Mergers and Acquisitions
5.3.1.4.4 Analyst View
5.3.1.5 Kubota Corporation
5.3.1.5.1 Company Overview
5.3.1.5.1.1 Role of Kubota Corporation in the Europe Smart Farming Market
5.3.1.5.1.2 Product Portfolio
5.3.1.5.1.3 Target Customers
5.3.1.5.2 Business Strategies
5.3.1.5.2.1 Product Developments
5.3.1.5.3 Market Developments
5.3.1.5.3.1 Business Expansion
5.3.1.5.4 Corporate Strategies
5.3.1.5.4.1 Mergers and Acquisitions
5.3.1.5.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.5.5 Analyst View
5.3.1.6 Climate LLC (Bayer AG)
5.3.1.6.1 Company Overview
5.3.1.6.1.1 Role of Climate LLC in the Europe Smart Farming Market
5.3.1.6.1.2 Product Portfolio
5.3.1.6.1.3 Target Customers
5.3.1.6.1.4 Key Partners
5.3.1.6.2 Business Strategies
5.3.1.6.2.1 Product Developments
5.3.1.6.3 Corporate Strategies
5.3.1.6.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.6.4 Analyst View
5.3.1.7 AgriCircle
5.3.1.7.1 Company Overview
5.3.1.7.1.1 Role of AgriCircle in the Europe Smart Farming Market
5.3.1.7.1.2 Product Portfolio
5.3.1.7.1.3 Target Customers
5.3.1.7.2 Analyst View
5.3.1.8 Augmenta
5.3.1.8.1 Company Overview
5.3.1.8.1.1 Role of Augmenta in the Europe Smart Farming Market
5.3.1.8.1.2 Product Portfolio
5.3.1.8.1.3 Target Customers
5.3.1.8.1.4 Key Clients
5.3.1.8.2 Business Strategies
5.3.1.8.2.1 Market Developments
5.3.1.8.3 Corporate Strategies
5.3.1.8.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.8.4 Analyst View
5.3.1.9 Yara International ASA
5.3.1.9.1 Company Overview
5.3.1.9.1.1 Role of Yara International ASA in the Europe Smart Farming Market
5.3.1.9.1.2 Product Portfolio
5.3.1.9.1.3 Target Customers
5.3.1.9.2 Corporate Strategies
5.3.1.9.2.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.9.3 Analyst View
5.3.1.10 Ec2ce
5.3.1.10.1 Company Overview
5.3.1.10.1.1 Role of Ec2ce in the Europe Smart Farming Market
5.3.1.10.1.2 Product Portfolio
5.3.1.10.1.3 Target Customers
5.3.1.10.1.4 Key Clients
5.3.1.10.2 Analyst View
5.3.1.11 Ag Leader Technology
5.3.1.11.1 Company Overview
5.3.1.11.1.1 Role of Ag Leader Technology in the Europe Smart Farming Market
5.3.1.11.1.2 Product Portfolio
5.3.1.11.1.3 Target Customers
5.3.1.11.2 Business Strategies
5.3.1.11.2.1 Product Developments
5.3.1.11.3 Analyst View
5.3.1.12 Trimble Inc.
5.3.1.12.1 Company Overview
5.3.1.12.1.1 Role of Trimble Inc. in the Europe Smart Farming Market
5.3.1.12.1.2 Product Portfolio
5.3.1.12.1.3 Target Customers
5.3.1.12.2 Business Strategies
5.3.1.12.2.1 Product Developments
5.3.1.12.3 Corporate Strategies
5.3.1.12.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.12.3.2 Merger and Acquisition
5.3.1.12.4 Analyst View
5.3.1.13 CNH Industrial N.V.
5.3.1.13.1 Company Overview
5.3.1.13.1.1 Role of CNH Industrial N.V. in the Europe Smart Farming Market
5.3.1.13.1.2 Product Portfolio
5.3.1.13.1.3 Target Customers
5.3.1.13.2 Business Strategies
5.3.1.13.2.1 Product Developments
5.3.1.13.3 Corporate Strategies
5.3.1.13.3.1 Mergers and Acquisitions
5.3.1.13.3.2 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.13.4 Analyst View
5.3.1.14 BASF SE
5.3.1.14.1 Company Overview
5.3.1.14.2 Role of BASF SE in the Europe Smart Farming Market
5.3.1.14.3 Product Portfolio
5.3.1.14.3.1 Target Customers
5.3.1.14.3.2 Key Partners
5.3.1.14.4 Business Strategies
5.3.1.14.4.1 Product Developments
5.3.1.14.4.2 Market Developments
5.3.1.14.5 Corporate Strategies
5.3.1.14.5.1 Mergers and Acquisitions
5.3.1.14.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.14.6 Analyst View
5.3.1.15 Deere & Company
5.3.1.15.1 Company Overview
5.3.1.15.2 Role of Deere & Company in the Europe Smart Farming Market
5.3.1.15.3 Product Portfolio
5.3.1.15.3.1 Target Customers
5.3.1.15.4 Business Strategies
5.3.1.15.4.1 Product Developments
5.3.1.15.5 Corporate Strategies
5.3.1.15.5.1 Mergers and Acquisitions
5.3.1.15.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.15.6 Analyst View
5.3.1.16 FarmFacts
5.3.1.16.1 Company Overview
5.3.1.16.2 Role of FarmFacts in the Europe Smart Farming Market
5.3.1.16.3 Product Portfolio
5.3.1.16.3.1 Target Customers
5.3.1.16.3.2 Key Partners
5.3.1.16.4 Business Strategies
5.3.1.16.4.1 Product Developments
5.3.1.16.5 Corporate Strategies
5.3.1.16.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.16.6 Analyst View
5.3.1.17 OneSoil
5.3.1.17.1 Company Overview
5.3.1.17.2 Role of OneSoil in the Europe Smart Farming Market
5.3.1.17.3 Product Portfolio
5.3.1.17.3.1 Target Customers
5.3.1.17.3.2 Key Clients
5.3.1.17.4 Business Strategies
5.3.1.17.4.1 Market Development
5.3.1.17.4.2 Product Development
5.3.1.17.5 Corporate Strategies
5.3.1.17.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.17.6 Analyst View
5.3.1.18 Intellias
5.3.1.18.1 Company Overview
5.3.1.18.1.1 Role of Intellias in the Europe Smart Farming Market
5.3.1.18.1.2 Product Portfolio
5.3.1.18.1.3 Target Customers
5.3.1.18.2 Analyst View
5.3.1.19 Proagrica (LexisNexis Risk Solutions Group)
5.3.1.19.1 Company Overview
5.3.1.19.2 Role of Proagrica in the Europe Smart Farming Market
5.3.1.19.3 Product Portfolio
5.3.1.19.3.1 Target Customers
5.3.1.19.3.2 Key Clients
5.3.1.19.4 Business Strategies
5.3.1.19.4.1 Product Developments
5.3.1.19.5 Corporate Strategies
5.3.1.19.5.1 Mergers and Acquisitions
5.3.1.19.5.2 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.19.6 Analyst View
5.3.1.20 Syngenta AG
5.3.1.20.1 Company Overview
5.3.1.20.2 Role of Syngenta AG in the Europe Smart Farming Market
5.3.1.20.3 Product Portfolio
5.3.1.20.3.1 Target Customers
5.3.1.20.4 Business Strategies
5.3.1.20.4.1 Product Developments
5.3.1.20.5 Corporate Strategies
5.3.1.20.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.1.20.6 Analyst View
5.3.2 Precision Farming and Livestock Management Companies
5.3.2.1 Topcon Corporation
5.3.2.1.1 Company Overview
5.3.2.1.1.1 Role of Topcon in the Europe Smart Farming Market
5.3.2.1.1.2 Product Portfolio
5.3.2.1.1.3 Target Customers
5.3.2.1.1.4 Key Clients
5.3.2.1.2 Business Strategies
5.3.2.1.2.1 Product Developments
5.3.2.1.2.2 Business Expansion
5.3.2.1.3 Corporate Strategies
5.3.2.1.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.2.1.4 Analyst View
5.3.2.2 365FarmNet
5.3.2.2.1 Company Overview
5.3.2.2.1.1 Role of 365FarmNet in the Europe Smart Farming Market
5.3.2.2.1.2 Product Portfolio
5.3.2.2.1.3 Target Customers
5.3.2.2.1.4 Key Clients
5.3.2.2.2 Analyst View
5.3.2.3 Cargill, Incorporated
5.3.2.3.1 Company Overview
5.3.2.3.1.1 Role of Cargill, Incorporated in the Europe Smart Farming Market
5.3.2.3.1.2 Product Portfolio
5.3.2.3.1.3 Target Customers
5.3.2.3.1.4 Key Clients
5.3.2.3.2 Business Strategies
5.3.2.3.2.1 Product Developments
5.3.2.3.2.2 Business Expansion
5.3.2.3.3 Corporate Strategies
5.3.2.3.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.2.3.4 Analyst View
5.3.3 Livestock Management Companies
5.3.3.1 Connecterra B.V.
5.3.3.1.1 Company Overview
5.3.3.1.1.1 Role of Connecterra B.V. in the Europe Smart Farming Market
5.3.3.1.1.2 Product Portfolio
5.3.3.1.1.3 Target Customers
5.3.3.1.1.4 Key Clients
5.3.3.1.2 Business Strategies
5.3.3.1.2.1 Product Developments
5.3.3.1.3 Corporate Strategies
5.3.3.1.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.3.1.4 Analyst View
5.3.4 Indoor Farming
5.3.4.1 Koninklijke Philips NV
5.3.4.1.1 Company Overview
5.3.4.1.2 Role of Koninklijke Philips NV in the Europe Smart Farming Market
5.3.4.1.3 Product Portfolio
5.3.4.1.3.1 Target Customers
5.3.4.1.4 Analyst View
5.3.5 Aquaculture
5.3.5.1 AquaManager (Integrated Information Systems S.A.)
5.3.5.1.1 Company Overview
5.3.5.1.2 Role of AquaManager in the Europe Smart Farming Market
5.3.5.1.3 Product Portfolio
5.3.5.1.3.1 Target Customers
5.3.5.1.3.2 Key Clients
5.3.5.1.4 Corporate Strategies
5.3.5.1.4.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.3.5.1.5 Analyst View
6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
6.2.1 Factors for Data Prediction and Modelling
List of Figures
Figure 1: Age Groups of Agriculture Labors and Farm Managers in Europe, 2020
Figure 2: Europe Smart Farming Market, $Million, 2021-2027
Figure 3: Market Dynamics for Europe Smart Farming Market
Figure 4: Europe Smart Farming Market (by Application), $Million, 2021-2027
Figure 5: Europe Smart Farming Market (by Precision Farming), $Million, 2021-2027
Figure 6: Europe Smart Farming Market (by Product), $Million, 2021-2027
Figure 7: Europe Smart Farming Market (by Software), $Million, 2021-2027
Figure 8: Europe Smart Farming Market (by Deployment), $Million, 2021-2027
Figure 9: Europe Smart Farming Market Coverage
Figure 10: Characteristics of Smart Farming
Figure 11: Europe 2030 Target for Sustainable Food Production
Figure 12: Applications of 5G in Smart Farming Operations
Figure 13: OneSoil Case Study
Figure 14: Employment in Agriculture for European Countries (Percentage of Total Employment), 2015-2019
Figure 15: EU Farm and Farmland by Land Size Class, 2018
Figure 16: Share of Key Market Strategies and Developments, January 2017-December 2022
Figure 17: Share of Product Developments (by Company), January 2017-December 2022
Figure 18: Share of Market Developments (by Company), January 2017-December 2022
Figure 19: Share of Mergers and Acquisitions (by Company), January 2017-December 2022
Figure 20: Share of Partnerships, Collaborations, Joint Ventures, and Alliances (by Company), January 2017-December 2022
Figure 21: FarmSustainaBl Project
Figure 22: Total Investment and Number of Funding Deals, January 2018-December 2021
Figure 23: Country-Wise Funding Share in the Europe Smart Farming Market, 2021
Figure 24: Top Investors in the Europe Smart Farming Market, 2021
Figure 25: USDA’s ERS Impact Analysis of EU Strategies by 2030
Figure 26: Russia-Ukraine War Impact on the Europe Smart Farming Market
Figure 27: Patents Filed or Granted for Europe Smart Farming Market, January 2018-November 2022
Figure 28: Patent Analysis (by Application), January 2018-November 2022
Figure 29: Patent Analysis (by Organization), January 2018-November 2022
Figure 30: Patent Analysis (by Patent Office), January 2018-November 2022
Figure 31: Value Chain of the Europe Smart Farming Market
Figure 32: Farm Size and Labor Availability
Figure 33: Crop Production, 2018-2021, $Billion
Figure 34: Total Population in Europe
Figure 35: Total Area in Europe
Figure 36: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 37: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 38: Farm Size and Labor Availability
Figure 39: Crop Production, 2018-2021, $Billion
Figure 40: Total Population in Germany
Figure 41: Total Area in Germany
Figure 42: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 43: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 44: Farm Size and Labor Availability
Figure 45: Crop Production, 2018-2021, $Billion
Figure 46: Total Population in France
Figure 47: Total Area in France
Figure 48: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 49: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 50: Farm Size and Labor Availability
Figure 51: Crop Production, 2018-2021, $Billion
Figure 52: Total Population in the Netherlands
Figure 53: Total Area in the Netherlands
Figure 54: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 55: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 56: Farm Size and Labor Availability
Figure 57: Crop Production, 2018-2021, $Billion
Figure 58: Total Population in Italy
Figure 59: Total Area in Italy
Figure 60: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 61: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 62: Farm Size and Labor Availability
Figure 63: Crop Production, 2018-2021, $Billion
Figure 64: Total Population in Spain
Figure 65: Total Area in Spain
Figure 66: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 67: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 68: Farm Size and Labor Availability
Figure 69: Crop Production, 2018-2021, $Billion
Figure 70: Total Population in Denmark
Figure 71: Total Area in Denmark
Figure 72: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 73: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 74: Farm Size and Labor Availability
Figure 75: Crop Production, 2018-2021, $Billion
Figure 76: Total Population in Norway
Figure 77: Total Area in Norway
Figure 78: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 79: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 80: Farm Size and Labor Availability
Figure 81: Crop Production, 2018-2021, $Billion
Figure 82: Total Population in Sweden
Figure 83: Total Area in Sweden
Figure 84: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 85: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 86: Farm Size and Labor Availability
Figure 87: Crop Production, 2018-2021, $Million
Figure 88: Total Population in Finland
Figure 89: Total Area in Finland
Figure 90: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 91: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 92: Farm Size and Labor Availability
Figure 93: Crop Production, 2018-2021, $Billion
Figure 94: Total Population in Czech Republic
Figure 95: Total Area in the Czech Republic
Figure 96: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 97: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 98: Farm Size and Labor Availability
Figure 99: Crop Production, 2018-2021, $ Billion
Figure 100: Total Population in Poland
Figure 101: Total Area in Poland
Figure 102: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 103: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 104: Farm Size and Labor Availability
Figure 105: Crop Production, 2018-2021, $Billion
Figure 106: Total Population in the U.K.
Figure 107: Total Area in the U.K.
Figure 108: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 109: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 110: Farm Size and Labor Availability
Figure 111: Crop Production, 2018-2021, $Billion
Figure 112: Total Population in Rest-of-Europe
Figure 113: Total Area in Rest-of-Europe
Figure 114: Digitalized Acreage by Company, 2021 (with Acreage Duplication)
Figure 115: Market Share Analysis by Company, 2021 (without Acreage Duplication)
Figure 116: Competitive Market High and Low Matrix
Figure 117: Market Share Analysis (by Country), 2021
Figure 118: Trends in Adoption of Corporate Strategies, 2017-2022
Figure 119: Trends in Adoption of Corporate Strategies, 2017-2022
Figure 120: Trends in Adoption of Corporate Strategies, 2017-2022
Figure 121: Trends in Adoption of Corporate Strategies, 2017-2022
Figure 122: Trends in Adoption of Corporate Strategies, 2017-2022
Figure 123: Trends in Adoption of Corporate Strategies, 2017-2022
Figure 124: Data Triangulation
Figure 125: Top-Down and Bottom-Up Approach
Figure 126: Assumptions and Limitations
List of Tables
Table 1: Europe Smart Farming Market (by Country), $Million, 2021
Table 2: Key Consortiums and Associations in the Europe Smart Farming Market
Table 3: Key Regulatory Frameworks
Table 4: Government Programs to Promote Smart Farming in Europe
Table 5: OneSoil: Business Model
Table 6: CropX inc.: Business Model
Table 7: Hummingbird Technologies Limited: Business Model
Table 8: Key Start-Ups in the Europe Smart Farming Market
Table 9: Top Funding Deals by the Start-Ups in the Europe Smart Farming Market, 2021-2022
Table 10: Key Yield Monitoring Technologies Utilized in Europe Smart Farming Market
Table 11: Key Market Players in Yield Monitoring and Crop Scouting
Table 12: Major Precision Planting Technologies Utilized in Precision Planting in the Europe Smart Farming Market
Table 13: Key Players Offering Precision Planting Services
Table 14: Key Precision Spraying Technologies Utilized in the Europe Smart Farming Market
Table 15: Key Players Offering Precision Spraying Services
Table 16: Key Precision Fertilization Technologies Utilized in the Europe Smart Farming Market
Table 17: Key Players Offering Precision Fertilization Services
Table 18: Major Precision Irrigation Methods for Europe Smart Farming Market
Table 19: Market Players Offering Precision Irrigation Solutions and Services
Table 20: Key Farm Management Technologies Utilized in the Europe Smart Farming Market
Table 21: Key Companies Providing Farm Management Services
Table 22: Key Companies Providing Livestock Monitoring and Management
Table 23: Key Companies Providing Smart Farming Solutions for Aquaculture Applications
Table 24: Europe Smart Farming Market (by Application), $Million, 2021-2027
Table 25: Europe Smart Farming Market (by Precision Farming Application), $Million, 2021-2027
Table 26: Key Companies Providing Software for Smart Farming
Table 27: Key Companies Providing Farm Operation Management Software

The post Smart Farming Market – A Europe Region Analysis – Focus on Application, Product, and Country-Wise Analysis – Analysis and Forecast, 2022-2027 first appeared on CRI Report.

Global Smart Farming Market to surpass USD 24.5 billion by 2030 from USD 12.8 billion in 2020 at a CAGR of 10.6 % in the coming years, i.e., 2021-30.

Product Overview
Smart farming is a revolutionary farming idea that uses advanced technology to enhance agricultural products in both quantity and quality. The world’s rising demography is causing demand for more food and crops. This enables the farmer to cut their manual efforts, optimize resources use and increase crop production by increasing the advancement of new technologies, including large data services, cloud-based data services, livestock biometrics, farming robots, GPS and the IoT. Smart agricultural technology focuses on the improved efficiency that can be achieved through the implementation and understanding of various technologies and the management of natural variability in agriculture.

Market Highlights
Global Smart Farming Market is expected to project a notable CAGR of 10.6% in 2030.
The main driving forces behind the growth of Smart Farming include increased agricultural mechanisms in developing countries, rising labour costs as a result of a lack of skilled labour, increased pressure for food supplies in the world as a result of increasing population, significant savings on smart farming techniques and government initiatives to adopt advanced agricultural technology. The increasing need for optimal crop production with scarce funds gives it tremendous popularity among farmers.

Global Smart Farming Market: Segments
Precision segment to grow with the highest CAGR during 2020-30
Global Smart Farming market is segmented by type into Precision Farming, Livestock Monitoring, Smart Greenhouse, Others. Precision animal tracking helps track animal health, manufacturing and welfare in real-time to ensure optimum returns. The industry players have been encouraged to concentrate on new product launches and significant economies of the cost related to livestock monitoring, such as increasing the size of milk farms and the technical advances like animal tracking.
Hardware segment to grow with the highest CAGR during 2020-30
Global Smart Farming is divided by offering into Hardware-Sensors, GPS, Yield Monitors; Software; Services. Due to the high use of automation and control instruments—drones/UAVs, GPS/GNSS, drainage controllers, guidance and traction control, yield monitoring and sensor control, the hardware was the fastest-growing share in 2020. The increasing use of new technologies and advanced equipment for Smart agriculture is anticipated to lead to the development in the hardware Smart agriculture market. The precise agricultural market for services is anticipated to boost at the highest CAGR during the forecast period, increasing demand for managed services contributes positively to the success of the market in Smart agricultural services.

Market Dynamics
Drivers
Penetration of technologies such as VRT and guidance.
Increases in productivity and decline of overhead labour have been caused by the use of technology such as VRT, remote sensing, GPS, GIS and guidance technology in Smart farms. The use of state-of-the-art agricultural equipment based on devices has helped the best utilization of resources. Smart agricultural equipment based on state-of-the-art technology not only contributes to the basic savings by lowering the labour cost but also significantly enhances farm operations.
Increase in overall productivity
The exhaustion of natural resources and environmental deterioration are some of the factors that limit cultivation. Growing environmental concerns encourage farmers to focus on sustainable farming practices, like natural resource conservation. This has led to the need to improve the nutrition and protection of crops and to enhance the Smart farming market. Multiple growth opportunities have been developed through technological innovations such as vertical farms with intelligent designs to maximize yields and cut waste.
Restraint
Lack of technological know-how
Smart farming is a smart farming technique requiring technical knowledge. Limited knowledge about and the use of advanced technologies creates an imbalance between comprehension and implementation of the concepts in the field of precise agriculture. While several governments and market players around the world take initiatives to provide training and advising farmers on the use of Smart agriculture, many farmers are not involved. Similarly, limited technical know-how is hindering the growth of the Smart farming industry by farmers in developing countries like China, India and Brazil.

Global Smart Farming Market: Key Players
Deere & Company (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Argus Control Systems Ltd. (Canada)
Agribotix LLC (U.S.)
Autonomous Solutions, Inc. (U.S.)
CNH Industrial (UK)
CLAAS (Germany)
CropZilla Software, Inc. (U.S.)
Raven Industries (US)
AgJunction (US)
The Climate Corporation (US)
Other Prominent Players

Global Smart Farming Market: Regions
Global Smart Farming market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Global Smart Farming in North America held the largest market share of XX.X% in the year 2020. Countries like the United States and Canada in America are the first to implement Smart farming technologies, which is a key reason for this region’s significant growth. Agricultural systems and equipment in the region, like steering systems, guided systems, sensors, display devices and farm management software, are widely adopted by farmers. Increasing use in various agricultural applications of technological advancements, reducing labour levels, consolidating farms, increasing population, and the increasing demand for high productivity from current farming areas are some other factor driving growth in the American Smart farming market.
Global Smart Farming Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Smart Farming Market report also contains analysis on:
Smart Farming Segments:
By Type
Smart Farming
Livestock Monitoring
Smart Greenhouse, Others
By Offerings
Hardware-Sensors
GPS
Yield Monitors
Software
Services
Smart Farming Market Dynamics
Smart Farming Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Smart Farming Market
Report Scope and Segmentation

Frequently Asked Questions
How big is the Smart Farming market?
What is the Smart Farming market growth?
Which segment accounted for the largest Smart Farming market share?
Who are the key players in the Smart Farming market?
What are the factors driving the Smart Farming market?

The post Global Smart Farming Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.