Market by Type, Component, and Country Outlook | Forecast 2022-2028
As per Triton Market Research’s report, the smart agriculture market in Latin America is estimated to grow with a CAGR of 9.88% during the forecasting period between 2022 and 2028.
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The
countries covered in this region include:
•       Â
Mexico
•       Â
Brazil
•       Â
Rest of Latin America
Brazil
is expected to exhibit the fastest growth rate in the smart agriculture market
in the region. Governments of Latin American countries are
putting in efforts to modernize agricultural practices, and several multinational
corporations & startups are making significant investments for developing smart
agriculture technology & equipment. This is expected to drive the market
growth in the forthcoming period.
Mexico is adopting
protected agriculture practices that involve using hydroponic technology to
increase food exports. It helps farmers reduce water usage by up to 80 to 90%. Owing
to the need to deal with climate change, the nation is concentrating on enhancing
energy efficiency and reducing pesticide activity-based farming, which are
contributing to the increased adoption of vertical farming in the region. It is
also adopting IoT-based smart agriculture practices to tackle water scarcity
and environmental issues, which indicates an overall positive outlook for the
market.
Chile faces the problem
of scarcity of labor for agricultural activities. Hence, it is emphasizing on novel
technology to counter labor as well as water shortages for the production of
its key crops. This will increase the deployment of unmanned tractors and
robots/workers in the nation. Drones are already being used to collect data on
soil conditions, harvest conditions, water availability, fertilizer presence, etc.
The aforementioned factors are expected to boost the smart agriculture market’s
development in Rest of Latin America.
Precision farming is
also called satellite farming and is a farming management concept based on the observation,
measurement, and response to intra- and inter-field variability in crops. It is
an innovative approach that helps reduce the cost and risk of crop destruction,
increase productivity & profitability, and maintain sustainability. The
emergence of robotic automation, smart sensors, digital data, sophisticated
biologicals, and several major incumbents are just a few technological developments
ushering in a new era of agriculture. These developments have highlighted the need
for precision farming.
Triton’s
report assesses the market according to type and component.
Here, the type segment comprises precision farming, precision aquaculture,
livestock monitoring, and smart greenhouse.
The
acclaimed companies in the smart agriculture market include LumiGrow Inc, MSD
Animal Health (Merck & Co), Topcon Positioning Systems Inc, Trimble Inc,
InnovaSea Systems Inc, AGCO Corporation, AgEagle Aerial Systems Inc, and
Afimilk Ltd.
Raven Industries is a
diversified technology firm. It provides radar processing systems, specialty
films, field computers, agricultural storage covers & liners, GPS guidance,
automatic boom controls, application controls, assisted-steering systems,
machine automation, and information management tools. It also offers designing
installation, cloud-based data management, injection systems, slingshot &
logistics support, wireless connectivity, and technical services. Raven serves
the agricultural, industrial, geomembrane, construction, commercial
lighter-than-air, aerospace, and defense markets. The company has a business
presence in Brazil, among several other nations.
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Key deliverables of the report:
·     Â
Market
CAGR during the forecasting years 2022-2028
·     Â
Detailed
data highlighting key insights, industry components, and market strategies
·     Â
Comprehensive
information and estimation of the smart agriculture market revenue growth in
Latin America and its influence on the parent market
·     Â
In-depth
study of forthcoming trends in consumer behavioral patterns
·     Â
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 Latin America 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. LATIN
AMERICA 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. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. PARTNERSHIPS
& AGREEMENTS
2.7. MARKET
DRIVERS
2.7.1. AUTOMATION
IN THE AGRICULTURAL INDUSTRY
2.7.2. INCREASING
CORPORATE FARMING
2.7.3. ADVANCEMENTS
IN AGRICULTURAL TECHNOLOGY AROUND THE GLOBE
2.7.4. GOVERNMENT
INITIATIVES TO HELP THE AGRICULTURAL SECTOR
2.8. MARKET
CHALLENGES
2.8.1. HIGH
COST OF MODERN AGRICULTURAL EQUIPMENT
2.8.2. SHORTAGE
OF SKILLED OPERATORS
2.9. MARKET
OPPORTUNITIES
2.9.1. DRONE
USAGE IS REVOLUTIONIZING THE AGRICULTURAL SECTOR
2.9.2. INCREASE
IN THE USE OF VERTICAL FARMING
3. LATIN
AMERICA SMART AGRICULTURE MARKET OUTLOOK – BY TYPE
3.1. PRECISION
FARMING
3.2. LIVESTOCK
MONITORING
3.3. PRECISION
AQUACULTURE
3.4. SMART
GREENHOUSE
4. LATIN
AMERICA 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. LATIN
AMERICA SMART AGRICULTURE MARKET – COUNTRY OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
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: LATIN AMERICA SMART
AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LATIN AMERICA SMART
AGRICULTURE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA SMART
AGRICULTURE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA SMART
AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA SMART
AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA SMART
AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: LATIN AMERICA SMART
AGRICULTURE MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 3: LATIN AMERICA SMART
AGRICULTURE MARKET, BY PRECISION FARMING, 2022-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA SMART
AGRICULTURE MARKET, BY LIVESTOCK MONITORING, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA SMART
AGRICULTURE MARKET, BY PRECISION AQUACULTURE, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA SMART
AGRICULTURE MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SOLUTION, 2021 & 2028 (IN %)
FIGURE 10: LATIN AMERICA SMART
AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA SMART
AGRICULTURE MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 12: LATIN AMERICA SMART
AGRICULTURE MARKET, BY HVAC SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA SMART
AGRICULTURE MARKET, BY LED GROW LIGHTS, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA SMART
AGRICULTURE MARKET, BY VALVES & PUMPS, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SENSORS & CONTROL SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA SMART
AGRICULTURE MARKET, BY OTHER HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SOFTWARE, 2021 & 2028 (IN %)
FIGURE 19: LATIN AMERICA SMART
AGRICULTURE MARKET, BY NETWORK MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA SMART
AGRICULTURE MARKET, BY AGRICULTURE ASSET MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SMART WATER MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA SMART
AGRICULTURE MARKET, BY IRRIGATION MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 24: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SERVICE, 2021 & 2028 (IN %)
FIGURE 25: LATIN AMERICA SMART
AGRICULTURE MARKET, BY CONSULTING, 2022-2028 (IN $ MILLION)
FIGURE 26: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SYSTEM INTEGRATION & DEPLOYMENT, 2022-2028 (IN $
MILLION)
FIGURE 27: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SUPPORT & MAINTENANCE, 2022-2028 (IN $ MILLION)
FIGURE 28: LATIN AMERICA SMART
AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 29: LATIN AMERICA SMART
AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 30: LATIN AMERICA SMART
AGRICULTURE MARKET, BY CELLULAR IOT, 2022-2028 (IN $ MILLION)
FIGURE 31: LATIN AMERICA SMART
AGRICULTURE MARKET, BY LORA, 2022-2028 (IN $ MILLION)
FIGURE 32: LATIN AMERICA SMART
AGRICULTURE MARKET, BY NB-IOT, 2022-2028 (IN $ MILLION)
FIGURE 33: LATIN AMERICA SMART
AGRICULTURE MARKET, BY GLOBAL NAVIGATION SATELLITE SYSTEMS, 2022-2028 (IN $
MILLION)
FIGURE 34: LATIN AMERICA SMART
AGRICULTURE MARKET, BY WI-FI, 2022-2028 (IN $ MILLION)
FIGURE 35: LATIN AMERICA SMART
AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)
FIGURE 36: LATIN AMERICA SMART
AGRICULTURE MARKET, BY WIRELINE, 2022-2028 (IN $ MILLION)
FIGURE 37: LATIN AMERICA SMART
AGRICULTURE MARKET, BY WIRELESS PERSONAL AREA NETWORK (WPAN), 2022-2028 (IN $
MILLION)
FIGURE 38: LATIN AMERICA SMART
AGRICULTURE MARKET, BY OTHER CONNECTIVITY TECHNOLOGIES, 2022-2028 (IN $
MILLION)
FIGURE 39: LATIN AMERICA SMART
AGRICULTURE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 40: BRAZIL SMART
AGRICULTURE MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: MEXICO SMART
AGRICULTURE MARKET 2022-2028 (IN $ MILLION)
FIGURE 42: REST OF LATIN
AMERICA SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)