Market by Type, Component, and Country Outlook | Forecast 2022-2028
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.Â
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.
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Key deliverables of the report:Â
·       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 marketÂ
·       In-depth study of forthcoming trends in consumer behavioral patternsÂ
·       A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
·      Â
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.Â
Market by Technology (Data ana ..
VIEW REPORT1. 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
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)
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)