Market by Type, Component, and Country Outlook | Forecast 2022-2028
Triton Market Research’s report has concluded that the market for smart agriculture in North America would progress with a CAGR of 9.51% in the estimated duration from 2022 to 2028.
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The countries studied in this region include:
• The United States
• Canada
The
market in Canada is expected to observe the fastest growth in North America
over the forecasted period. The presence of some of the leading
smart agriculture equipment producers, such as Deere & Company, Massey
Ferguson, and AGCO, has positively influenced the development of smart farming
in the region as these businesses integrate different digital technologies and
provide solutions for smart farming & precision agriculture.
In February 2022, the
government of Canada invested $182.7 million in several organizations to assist
farmers in controlling & lowering emissions and reducing the impact of
climate change on agricultural activities, according to data from the Ontario
Soil and Crop Improvement Association. Such favorable initiatives and programs
by the government to develop the overall agriculture industry have propelled
the growth of the smart agriculture market in the country.
The agriculture industry
in the United States extends beyond the farm business, and includes other
farm-related industries. Agriculture, food, and related industries contributed 5%
to the national GDP in 2020, amounting to $1.055 trillion. This, along with the
government initiatives to boost the sector, are some key factors expected to propel
the demand for smart agriculture in the country, and thereby support the market’s
growth.
LED grow lights are used
for indoor smart farming. This is because they provide a light spectrum to
plants similar to that provided by the sun, which stimulates plant growth.
Besides, several farmers are adopting LED grow lights to enhance the lifespan
of crops. This is significantly contributing to the segment’s growth.
Triton’s
report assesses the market as per component and type.
Here, the component segment includes solution, service, and connectivity
technology. Solution includes hardware and software. Hardware is further classified
as per LED grow lights, HVAC systems, sensors & control
systems, valves & pumps, and other hardware.
The
noteworthy companies considered in the smart agriculture market include Topcon
Positioning Systems Inc, MSD Animal Health (Merck & Co), Aker Technologies
Inc, LumiGrow Inc, AGCO Corporation, Trimble Inc, DeLaval, and The Climate
Corporation (Bayer AG).
Deere & Company is
engaged in manufacturing and distributing agricultural, forestry &
construction equipment and associated service parts. The John Deere HarvestLab
3000 is a sensing equipment offered by the company, which is used to measure
yield at the time of harvesting. It is also used to measure moisture, dry
matter, starch, fiber, and acid detergent fiber in real time. The US-based
company is headquartered in Moline, Illinois. It has a strong foothold in the United
States and Canada, which has helped it in building a strong brand image and
generating maximum revenue. Founded in 1837, Deere & Company has a strong
workforce of over 75,550 employees.
Key deliverables of the report:
·
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 North
America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces Analysis Model
·
A
wide-ranging study of factors that will challenge the North 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.
Market by Technology (Data ana ..
VIEW REPORT1. NORTH
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. 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. NORTH
AMERICA SMART AGRICULTURE MARKET OUTLOOK – BY TYPE
3.1. PRECISION
FARMING
3.2. LIVESTOCK
MONITORING
3.3. PRECISION
AQUACULTURE
3.4. SMART
GREENHOUSE
4. NORTH
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. NORTH
AMERICA SMART AGRICULTURE MARKET – COUNTRY OUTLOOK
5.1. UNITED
STATES
5.2. CANADA
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: NORTH AMERICA SMART
AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: VENDOR SCORECARD
TABLE 4: NORTH AMERICA SMART
AGRICULTURE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA SMART
AGRICULTURE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA SMART
AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA SMART
AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA SMART
AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: NORTH AMERICA SMART
AGRICULTURE MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 3: NORTH AMERICA SMART
AGRICULTURE MARKET, BY PRECISION FARMING, 2022-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA SMART
AGRICULTURE MARKET, BY LIVESTOCK MONITORING, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA SMART
AGRICULTURE MARKET, BY PRECISION AQUACULTURE, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA SMART
AGRICULTURE MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SOLUTION, 2021 & 2028 (IN %)
FIGURE 10: NORTH AMERICA SMART
AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA SMART
AGRICULTURE MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 12: NORTH AMERICA SMART
AGRICULTURE MARKET, BY HVAC SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA SMART
AGRICULTURE MARKET, BY LED GROW LIGHTS, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA SMART
AGRICULTURE MARKET, BY VALVES & PUMPS, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SENSORS & CONTROL SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA SMART
AGRICULTURE MARKET, BY OTHER HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SOFTWARE, 2021 & 2028 (IN %)
FIGURE 19: NORTH AMERICA SMART
AGRICULTURE MARKET, BY NETWORK MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA SMART
AGRICULTURE MARKET, BY AGRICULTURE ASSET MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SMART WATER MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA SMART
AGRICULTURE MARKET, BY IRRIGATION MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 24: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SERVICE, 2021 & 2028 (IN %)
FIGURE 25: NORTH AMERICA SMART
AGRICULTURE MARKET, BY CONSULTING, 2022-2028 (IN $ MILLION)
FIGURE 26: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SYSTEM INTEGRATION & DEPLOYMENT, 2022-2028 (IN $
MILLION)
FIGURE 27: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SUPPORT & MAINTENANCE, 2022-2028 (IN $ MILLION)
FIGURE 28: NORTH AMERICA SMART
AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 29: NORTH AMERICA SMART
AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 30: NORTH AMERICA SMART
AGRICULTURE MARKET, BY CELLULAR IOT, 2022-2028 (IN $ MILLION)
FIGURE 31: NORTH AMERICA SMART
AGRICULTURE MARKET, BY LORA, 2022-2028 (IN $ MILLION)
FIGURE 32: NORTH AMERICA SMART
AGRICULTURE MARKET, BY NB-IOT, 2022-2028 (IN $ MILLION)
FIGURE 33: NORTH AMERICA SMART
AGRICULTURE MARKET, BY GLOBAL NAVIGATION SATELLITE SYSTEMS, 2022-2028 (IN $
MILLION)
FIGURE 34: NORTH AMERICA SMART
AGRICULTURE MARKET, BY WI-FI, 2022-2028 (IN $ MILLION)
FIGURE 35: NORTH AMERICA SMART
AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)
FIGURE 36: NORTH AMERICA SMART
AGRICULTURE MARKET, BY WIRELINE, 2022-2028 (IN $ MILLION)
FIGURE 37: NORTH AMERICA SMART
AGRICULTURE MARKET, BY WIRELESS PERSONAL AREA NETWORK (WPAN), 2022-2028 (IN $
MILLION)
FIGURE 38: NORTH AMERICA SMART
AGRICULTURE MARKET, BY OTHER CONNECTIVITY TECHNOLOGIES, 2022-2028 (IN $
MILLION)
FIGURE 39: NORTH AMERICA SMART
AGRICULTURE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 40: UNITED STATES SMART
AGRICULTURE MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: CANADA SMART
AGRICULTURE MARKET 2022-2028 (IN $ MILLION)