Table of Content

1 INTRODUCTION 40
1.1 STUDY OBJECTIVES 40
1.2 MARKET DEFINITION 40
1.2.1 INCLUSIONS AND EXCLUSIONS 41
1.3 STUDY SCOPE 42
1.3.1 MARKETS COVERED 42
1.3.2 GEOGRAPHIC SCOPE 42
1.3.3 YEARS CONSIDERED 43
1.4 CURRENCY 43
1.5 LIMITATIONS 43
1.6 SUMMARY OF CHANGES 44
1.7 STAKEHOLDERS 44
2 RESEARCH METHODOLOGY 45
2.1 RESEARCH DATA 45
FIGURE 1 AGRICULTURE IOT MARKET: RESEARCH DESIGN 46
2.1.1 SECONDARY DATA 47
2.1.1.1 List of major secondary sources 47
2.1.1.2 Key data from secondary sources 48
2.1.2 PRIMARY DATA 49
2.1.2.1 Primary interviews with experts 49
2.1.2.2 List of key primary interview participants 49
2.1.2.3 Breakdown of primaries 50
2.1.2.4 Primary sources 50
2.1.3 SECONDARY AND PRIMARY RESEARCH 51
2.1.3.1 Key industry insights 51
2.2 MARKET SIZE ESTIMATION 52
2.2.1 BOTTOM-UP APPROACH 52
2.2.1.1 Approach for capturing market size by bottom-up analysis 52
FIGURE 2 BOTTOM-UP APPROACH 52
2.2.2 TOP-DOWN APPROACH 53
2.2.2.1 Approach for capturing market size by top-down analysis 53
FIGURE 3 TOP-DOWN APPROACH 53
2.2.3 AGRICULTURE IOT MARKET: DEMAND-SIDE ANALYSIS 54
FIGURE 4 DEMAND-SIDE MARKET SIZE ESTIMATION FOR AGRICULTURE IOT MARKET (PRECISION AQUACULTURE VERTICAL) 54
FIGURE 5 DEMAND-SIDE MARKET SIZE ESTIMATION FOR AGRICULTURE IOT MARKET (PRECISION LIVESTOCK VERTICAL) 55
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2.2.4 AGRICULTURE IOT MARKET: SUPPLY-SIDE ANALYSIS 56
FIGURE 6 SUPPLY-SIDE MARKET SIZE ESTIMATION FOR PRECISION AQUACULTURE 56
FIGURE 7 MARKET SIZE ESTIMATION: SUPPLY-SIDE APPROACH FOR PRECISION LIVESTOCK 57
2.2.5 GROWTH FORECAST ASSUMPTIONS 57
TABLE 1 REMOTE SENSING TECHNOLOGY PENETRATION IN MAJOR COUNTRIES 58
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 59
FIGURE 8 DATA TRIANGULATION 59
2.4 RESEARCH ASSUMPTIONS 60
3 EXECUTIVE SUMMARY 61
FIGURE 9 AGRICULTURE IOT MARKET: POST-COVID-19 SCENARIO ANALYSIS,
2017–2026 (USD MILLION) 62
3.1 REALISTIC SCENARIO (POST-COVID-19) 62
3.2 OPTIMISTIC SCENARIO (POST-COVID-19) 62
3.3 PESSIMISTIC SCENARIO (POST-COVID-19) 63
FIGURE 10 AUTOMATION & CONTROL SYSTEM SEGMENT TO GROW AT HIGHER CAGR IN AGRICULTURE IOT MARKET FOR PRECISION FARMING HARDWARE DURING FORECAST PERIOD 63
FIGURE 11 PRECISION FARMING APPLICATION TO HOLD LARGEST SHARE OF AGRICULTURE IOT MARKET DURING FORECAST PERIOD 64
FIGURE 12 AGRICULTURE IOT MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 65
FIGURE 13 PRODUCTION PLANNING SEGMENT TO ACCOUNT FOR LARGEST SIZE OF AGRICULTURE IOT MARKET FROM 2021 TO 2026 65
FIGURE 14 AGRICULTURE IOT MARKET IN SOUTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 66
4 PREMIUM INSIGHTS 67
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN GLOBAL AGRICULTURE IOT MARKET 67
FIGURE 15 INCREASING ADOPTION OF IOT TECHNOLOGY BY FARMERS AND GROWERS IS DRIVING AGRICULTURE IOT MARKET GROWTH 67
4.2 AGRICULTURE IOT MARKET IN APAC, BY APPLICATION AND COUNTRY 68
FIGURE 16 PRECISION FARMING AND AUSTRALIA HELD LARGEST SHARE OF AGRICULTURE IOT MARKET IN APAC IN 2020, BY APPLICATION AND COUNTRY, RESPECTIVELY 68
4.3 AGRICULTURE IOT MARKET, BY HARDWARE TYPE 68
FIGURE 17 SENSORS TO HOLD LARGEST SIZE OF AGRICULTURE IOT MARKET FOR PRECISION AQUACULTURE DURING FORECAST PERIOD 68
4.4 AGRICULTURE IOT MARKET, BY APPLICATION 69
FIGURE 18 PRECISION FARMING TO HOLD LARGEST SIZE OF AGRICULTURE IOT MARKET DURING FORECAST PERIOD 69
4.5 AGRICULTURE IOT MARKET, BY FARM SIZE 69
FIGURE 19 AGRICULTURE IOT MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 69
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4.6 AGRICULTURE IOT MARKET, BY PRODUCTION PLANNING STAGE 70
FIGURE 20 PRODUCTION STAGE TO HOLD LARGEST SIZE OF AGRICULTURE IOT MARKET DURING FORECAST PERIOD 70
4.7 REGIONAL ANALYSIS OF AGRICULTURE IOT MARKET 70
FIGURE 21 AMERICAS TO BE LARGEST SHAREHOLDER IN AGRICULTURE IOT MARKET FROM 2021 TO 2026 70
5 MARKET OVERVIEW 71
5.1 INTRODUCTION 71
5.2 MARKET DYNAMICS 72
FIGURE 22 AGRICULTURE IOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 72
5.2.1 DRIVERS 73
5.2.1.1 Strong government support for promoting use of precision farming techniques 73
5.2.1.2 Increasing adoption of IoT and AI for various agricultural applications 73
FIGURE 23 LIVESTOCK RFID TAGS INSTALLED BASE, 2018–2032 (MILLION UNITS) 74
5.2.1.3 Rise in number of industrial-scale indoor farms to meet increasing demand for food, as well as lack of arable land 74
FIGURE 24 POPULATION VS. ARABLE LAND STATISTICS, 1950–2050 75
5.2.1.4 Surging adoption of aquaculture monitoring and feed optimization devices in developing countries 75
5.2.1.5 Increased adoption of VRT, remote sensing, and guidance technologies by farmers worldwide 76
5.2.1.6 Increasing focus on real-time monitoring and early disease detection 77
FIGURE 25 IMPACT ANALYSIS OF DRIVERS ON AGRICULTURE IOT MARKET 78
5.2.2 RESTRAINTS 79
5.2.2.1 High upfront cost for deployment of modern agricultural equipment 79
FIGURE 26 PRICE TREND OF AUTOMATED MILKING ROBOTS, (USD THOUSAND),
2017–2025 79
5.2.2.2 Lack of technical knowledge and skills among farmers 79
5.2.2.3 Fragmented agriculture industry 80
FIGURE 27 IMPACT ANALYSIS OF RESTRAINTS ON AGRICULTURE IOT MARKET 80
5.2.3 OPPORTUNITIES 81
5.2.3.1 Growing adoption of UAVs or drones in agricultural farms 81
5.2.3.2 Rising adoption of livestock monitoring solutions in developing countries 81
TABLE 2 GLOBAL TECHNOLOGY ADOPTION 82
FIGURE 28 GLOBAL MILKING ROBOTS INSTALLED BASE, 2017–2030 (UNITS) 82
5.2.3.3 Growing popularity of poultry robots and BSC smart cameras 82
5.2.3.4 Increasing number of cage-based farms in developing regions such as India, China, and South East Asian countries 83
FIGURE 29 SHARE OF MAJOR CAGE-BASED AQUACULTURE-PRODUCING COUNTRIES, 2018 83
FIGURE 30 AQUACULTURE PRODUCTION EXPECTED TO SURPASS WILD-CAUGHT FISH PRODUCTION BY 2024 84
5.2.3.5 Introduction of agriculture-specific smartphone applications 84
FIGURE 31 IMPACT ANALYSIS OF OPPORTUNITIES ON AGRICULTURE IOT MARKET 85
5.2.4 CHALLENGES 86
5.2.4.1 Unavailability of simple and standardized data management and data aggregation tools 86
5.2.4.2 Emergence and re-emergence of diseases and environmental concerns 86
FIGURE 32 IMPACT ANALYSIS OF CHALLENGES ON AGRICULTURE IOT MARKET 87
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 87
5.3.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR AGRICULTURE IOT HARDWARE MANUFACTURERS 87
FIGURE 33 REVENUE SHIFT FOR AGRICULTURE IOT MARKET 88
6 INDUSTRY TRENDS 89
6.1 INTRODUCTION 89
6.2 VALUE CHAIN ANALYSIS 89
FIGURE 34 VALUE CHAIN ANALYSIS: AGRICULTURE IOT MARKET 89
6.2.1 MAJOR STAKEHOLDERS IN AGRICULTURE IOT MARKET 90
6.2.2 SUPPLY CHAIN ANALYSIS 91
FIGURE 35 SUPPLY CHAIN: AGRICULTURE IOT MARKET 91
TABLE 3 AGRICULTURE IOT MARKET: SUPPLY CHAIN 91
6.3 TECHNOLOGY TRENDS 93
6.3.1 INTERNET OF THINGS (IOT) SHAPING AGRICULTURE IOT MARKET 93
6.3.2 DRONES/UAVS 93
6.3.3 AI, AR/VR, AND BLOCKCHAIN IN AQUACULTURE TO ACCELERATE MARKET GROWTH 93
6.3.4 USE OF FARM AUTOMATION SOLUTIONS, REMOTELY OPERATED VEHICLES, AND FEEDING ROBOTS TO REDUCE LABOR COSTS 94
6.3.5 ADOPTION OF ROBOTIC CAGES AND UNDERWATER DRONES IN AQUACULTURE FARMS 94
6.3.6 AI AND BLOCKCHAIN IN LIVESTOCK FARMING 94
FIGURE 36 BLOCKCHAIN AND AI IN PRECISION LIVESTOCK FARMING 95
6.3.7 BODY CONDITIONING SCORING (BCS) SYSTEMS 95
TABLE 4 BODY CONDITIONING SCORING PARAMETERS FOR DAIRY COWS 95
TABLE 5 BODY CONDITIONING SCORING SYSTEMS: MAJOR ADVANTAGES 96
6.3.8 TECHNOLOGY ADOPTION IN DAIRY FARMS 97
FIGURE 37 MAJOR TECHNOLOGY TRENDS IN DAIRY FARMS 97
6.3.9 TECHNOLOGY ADOPTION IN POULTRY FARMS 97
TABLE 6 MAJOR TECHNOLOGY TRENDS IN POULTRY FARMS 98
6.3.10 INTEGRATION OF TELEMATICS WITH FOREST MECHANIZATION IN PRECISION FORESTRY 98
6.3.11 ADVENT OF LIDAR-FITTED UAVS IN PRECISION FORESTRY 98
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6.4 AVERAGE SELLING PRICE ANALYSIS 99
TABLE 7 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS 2025 99
FIGURE 38 MILKING ROBOTS: AVERAGE SELLING PRICE ANALYSIS, 2016–2025 99
TABLE 8 RFID TAGS & READERS: AVERAGE SELLING PRICE ANALYSIS, 2019 VS 2025 99
6.4.1 PRICING ANALYSIS: AVERAGE SELLING PRICE (ASP) TREND FOR SENSORS IN PRECISION AQUACULTURE 100
FIGURE 39 AVERAGE SELLING PRICES OF PRECISION AQUACULTURE SENSORS (IN USD) 100
TABLE 9 PRICING ANALYSIS FOR ROV SYSTEM COMPONENTS 100
FIGURE 40 AVERAGE PRECISION FARMING DATA ANALYTICS SERVICE COST PER HECTARE FOR DIFFERENT FARM SIZES IN 2019 101
6.5 LIST OF KEY PATENTS AND INNOVATIONS IN AGRICULTURE IOT MARKET, 2015–2020 101
FIGURE 41 NUMBER OF PATENTS APPROVED FOR AQUACULTURE TECHNOLOGIES WORLDWIDE, 2015–2020 106
FIGURE 42 TOP 10 PATENT-HOLDING COMPANIES FOR SMART FARMING, 2015–2020 107
FIGURE 43 NUMBER OF PATENTS APPROVED FOR AGRICULTURE ANALYTICS WORLDWIDE, 2016–2020 107
FIGURE 44 REGION-WISE ANALYSIS OF PATENTS FILED BY PLAYERS IN PRECISION FARMING, 2015–2020 108
FIGURE 45 REGION-WISE ANALYSIS OF PATENTS FILED BY PLAYERS IN PRECISION LIVESTOCK, 2015–2020 108
6.6 TRADE DATA 109
TABLE 10 IMPORT DATA FOR VACUUM PUMPS AND FILTRATION SYSTEMS UNDER HS CODE: 8414, 2015–2019 (USD MILLION) 109
FIGURE 46 IMPORT VALUES OF VACUUM PUMPS AND FILTRATION SYSTEMS IN MAJOR COUNTRIES, 2015–2019 109
TABLE 11 EXPORT DATA OF VACUUM PUMPS AND FILTRATION SYSTEMS UNDER HS CODE: 8414, 2015–2019 (USD MILLION) 110
FIGURE 47 EXPORT VALUES OF VACUUM PUMPS AND FILTRATION SYSTEMS IN MAJOR COUNTRIES, 2015–2019 110
6.7 TARIFF AND REGULATORY LANDSCAPE 111
6.7.1 CARBON POLICY TRENDS IN AGRICULTURE 111
6.7.2 GROWING CLIMATE SOLUTIONS ACT 111
6.7.3 TARIFF AND REGULATIONS RELATED TO PRECISION FARMING AND SMART GREENHOUSES 111
TABLE 12 TARIFF REGULATIONS: PRECISION FARMING AND SMART GREENHOUSES 111
6.7.4 TARIFF AND REGULATIONS RELATED TO PRECISION AQUACULTURE 112
TABLE 13 TARIFF REGULATIONS: PRECISION AQUACULTURE 112
6.8 CASE STUDIES: AGRICULTURE IOT MARKET 114
6.8.1 INTRODUCTION 114
6.8.2 OPEN BLUE 114
TABLE 14 INNOVASEA HELPS OPEN BLUE BECOME LARGEST OPEN-OCEAN FISH FARM IN WORLD 114
6.8.3 EARTH OCEAN FARMS 115
TABLE 15 INNOVASEA ENABLES EARTH OCEAN FARMS TO EXPAND PRODUCTION WITH RUGGED EVOLUTION PENS 115
6.8.4 ERKO SEAFOOD AS 116
TABLE 16 WITH AKVA GROUP’S EXPERTISE AND QUICK SERVICE, ERKO SEAFOOD AS FOUND REAL DEAL 116
6.8.5 ALLFLEX: LIVESTOCK MONITORING SOLUTION IMPROVING BREEDING RATE IN DAIRY COWS 117
TABLE 17 ALLFLEX SOLUTIONS FOR DAIRY COW HEALTH MONITORING 117
6.8.6 LATIUM: RANCHERS IN GHANA REMOTELY MONITORING THEIR LIVESTOCK 117
TABLE 18 LATIUM: LIVESTOCK MONITORING SOLUTION 117
6.8.7 ONNECTERRA: AI-BASED SOLUTION IMPROVING FARM PRODUCTIVITY 118
TABLE 19 CONNECTERRA INTELLIGENT DAIRY FARM SOLUTIONS 118
6.8.8 WHITESIDES 118
TABLE 20 WHITESIDES USED AGWORLD SOFTWARE PLATFORM FOR RECORD-KEEPING AND CUSTOM FERTILIZER APPLICATION 118
6.8.9 ANNA BINNA FARMS 119
TABLE 21 ANNA BINNA FARMS USED AGWORLD SOFTWARE PLATFORM FOR FARM RECORD KEEPING SYSTEM AND FOR PRE-EMERGENT HERBICIDES 119
6.8.10 MURDOCH FAMILY 119
TABLE 22 WITH AGWORLD SOFTWARE PLATFORM, MURDOCH FAMILY DIGITIZED THEIR FARM MANAGEMENT FOR IMPROVED ACCURACY AND PROFITABILITY 119
6.8.11 LILLIPUT AG 120
TABLE 23 LILLIPUT AG AIMS TO IMPROVE PLANNING BY CAPTURING DATA WITH AGWORLD PLATFORM 120
6.9 PORTER’S FIVE FORCES ANALYSIS 121
FIGURE 48 AGRICULTURE IOT MARKET: PORTER’S FIVE FORCES ANALYSIS 121
TABLE 24 AGRICULTURE IOT MARKET: PORTER’S FIVE FORCES ANALYSIS 121
6.9.1 THREAT OF NEW ENTRANTS 121
6.9.2 THREAT OF SUBSTITUTES 122
6.9.3 BARGAINING POWER OF SUPPLIERS 122
6.9.4 BARGAINING POWER OF BUYERS 122
6.9.5 INTENSITY OF COMPETITIVE RIVALRY 122
6.10 AGRICULTURE IOT MARKET ECOSYSTEM 123
FIGURE 49 AGRICULTURE IOT ECOSYSTEM 123
7 AGRICULTURE IOT MARKET, BY HARDWARE TYPE 124
7.1 INTRODUCTION 125
7.2 PRECISION FARMING HARDWARE 125
TABLE 25 PRECISION FARMING HARDWARE MARKET, BY HARDWARE TYPE,
2017–2020 (USD MILLION) 125
TABLE 26 PRECISION FARMING HARDWARE MARKET, BY HARDWARE TYPE,
2021–2026 (USD MILLION) 126
7.2.1 AUTOMATION AND CONTROL SYSTEMS 126
FIGURE 50 DRONES/UAVS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 27 PRECISION FARMING HARDWARE MARKET FOR AUTOMATION & CONTROL SYSTEMS, BY DEVICE TYPE, 2017–2020 (USD MILLION) 127
TABLE 28 PRECISION FARMING HARDWARE MARKET FOR AUTOMATION & CONTROL SYSTEMS, BY DEVICE TYPE, 2021–2026 (USD MILLION) 127
TABLE 29 PRECISION FARMING HARDWARE MARKET FOR AUTOMATION & CONTROL SYSTEMS, BY REGION, 2017–2020 (USD MILLION) 128
TABLE 30 PRECISION FARMING HARDWARE MARKET FOR AUTOMATION & CONTROL SYSTEMS, BY REGION, 2021–2026 (USD MILLION) 128
7.2.1.1 Drones/UAVs 128
7.2.1.1.1 Drones are being widely implemented for identification of pests and weeds 128
TABLE 31 PRECISION FARMING HARDWARE MARKET FOR DRONES/UAVS, BY REGION, 2017–2020 (USD MILLION) 129
TABLE 32 PRECISION FARMING HARDWARE MARKET FOR DRONES/UAVS, BY REGION, 2021–2026 (USD MILLION) 130
7.2.1.2 Irrigation controllers 130
7.2.1.2.1 Concerns pertaining to efficient use of water to propel demand for irrigation controllers 130
TABLE 33 PRECISION FARMING HARDWARE MARKET FOR IRRIGATION CONTROLLERS, BY REGION, 2017–2020 (USD MILLION) 131
TABLE 34 PRECISION FARMING HARDWARE MARKET FOR IRRIGATION CONTROLLER, BY REGION, 2021–2026 (USD MILLION) 131
7.2.1.3 Global Positioning System (GPS)/GNSS devices 131
7.2.1.3.1 GPS/GNSS devices are being extensively used for variable rate applications 131
TABLE 35 PRECISION FARMING HARDWARE MARKET FOR GPS/GNSS DEVICES,
BY REGION, 2017–2020 (USD MILLION) 132
TABLE 36 PRECISION FARMING HARDWARE MARKET FOR GPS/GNSS DEVICES,
BY REGION, 2021–2026 (USD MILLION) 132
7.2.1.4 Flow and application control devices 133
7.2.1.4.1 Flow and application control devices facilitate even application of agricultural chemicals 133
TABLE 37 PRECISION FARMING HARDWARE MARKET FOR FLOW & APPLICATION CONTROL DEVICES, BY REGION, 2017–2020 (USD MILLION) 133
TABLE 38 PRECISION FARMING HARDWARE MARKET FOR FLOW & APPLICATION CONTROL DEVICES, BY REGION, 2021–2026 (USD MILLION) 133
7.2.1.5 Guidance and steering systems 134
7.2.1.5.1 Automated guidance and steering systems are used in tractors and agriculture robots 134
TABLE 39 PRECISION FARMING HARDWARE MARKET FOR GUIDANCE & STEERING SYSTEMS, BY REGION, 2017–2020 (USD MILLION) 134
TABLE 40 PRECISION FARMING HARDWARE MARKET FOR GUIDANCE AND STEERING SYSTEMS, BY REGION, 2021–2026 (USD MILLION) 134
7.2.1.6 Handheld mobile devices/handheld computers 135
7.2.1.6.1 Handheld mobile devices and computers can perform variety of functions and offer operational flexibility 135
TABLE 41 PRECISION FARMING HARDWARE MARKET FOR HANDHELD MOBILE DEVICES /HANDHELD COMPUTERS, BY REGION, 2017–2020 (USD MILLION) 135
TABLE 42 PRECISION FARMING HARDWARE MARKET FOR HANDHELD MOBILE DEVICES/HANDHELD COMPUTERS, BY REGION, 2021–2026 (USD MILLION) 135
7.2.1.7 Displays 136
7.2.1.7.1 Display devices provide user interface to operators and farmers 136
TABLE 43 PRECISION FARMING HARDWARE MARKET FOR DISPLAYS, BY REGION, 2017–2020 (USD MILLION) 136
TABLE 44 PRECISION FARMING HARDWARE MARKET FOR DISPLAYS, BY REGION, 2021–2026 (USD MILLION) 136
7.2.1.8 Others 137
TABLE 45 PRECISION FARMING HARDWARE MARKET FOR OTHER AUTOMATION & CONTROL SYSTEMS, BY REGION, 2017–2020 (USD MILLION) 137
TABLE 46 PRECISION FARMING HARDWARE MARKET FOR OTHER AUTOMATION & CONTROL SYSTEMS, BY REGION, 2021–2026 (USD MILLION) 137
7.2.2 SENSING AND MONITORING DEVICES 138
FIGURE 51 YIELD MONITORS TO HOLD LARGEST SIZE OF SENSING & MONITORING DEVICES MARKET IN 2026 138
TABLE 47 PRECISION FARMING HARDWARE MARKET FOR SENSING & MONITORING DEVICES, BY DEVICE TYPE, 2017–2020 (USD MILLION) 138
TABLE 48 PRECISION FARMING HARDWARE MARKET FOR SENSING & MONITORING DEVICES, BY DEVICE TYPE, 2021–2026 (USD MILLION) 139
TABLE 49 PRECISION FARMING HARDWARE MARKET FOR SENSING & MONITORING DEVICES , BY REGION, 2017–2020 (USD MILLION) 139
TABLE 50 PRECISION FARMING HARDWARE MARKET FOR SENSING & MONITORING DEVICES , BY REGION, 2021–2026 (USD MILLION) 140
7.2.2.1 Yield monitors 140
7.2.2.1.1 Yield monitors to continue to hold largest market share from 2021 to 2026 140
TABLE 51 PRECISION FARMING AGRICULTURE IOT MARKET FOR YIELD MONITORS,
BY REGION, 2017–2020 (USD MILLION) 140
TABLE 52 PRECISION FARMING AGRICULTURE IOT MARKET FOR YIELD MONITORS,
BY REGION, 2021–2026 (USD MILLION) 141
7.2.2.2 Soil sensors 141
7.2.2.2.1 Soil sensors provide real-time data on various soil properties 141
TABLE 53 PRECISION FARMING AGRICULTURE IOT MARKET FOR SOIL SENSORS,
BY REGION, 2017–2020 (USD MILLION) 142
TABLE 54 PRECISION FARMING AGRICULTURE IOT MARKET FOR SOIL SENSORS,
BY REGION, 2021–2026 (USD MILLION) 142
7.2.2.3 Water sensors 142
7.2.2.3.1 Scarcity of water to increase demand for water sensors in coming years 142
TABLE 55 PRECISION FARMING AGRICULTURE IOT MARKET FOR WATER SENSORS,
BY REGION, 2017–2020 (USD MILLION) 143
TABLE 56 PRECISION FARMING AGRICULTURE IOT MARKET FOR WATER SENSORS,
BY REGION, 2021–2026 (USD MILLION) 143
7.2.2.4 Climate sensors 143
7.2.2.4.1 Uncertainties related to weather and climate to propel demand for climate sensors 143
TABLE 57 PRECISION FARMING AGRICULTURE IOT MARKET FOR CLIMATE SENSORS,
BY REGION, 2017–2020 (USD MILLION) 144
TABLE 58 PRECISION FARMING AGRICULTURE IOT MARKET FOR CLIMATE SENSORS,
BY REGION, 2021–2026 (USD MILLION) 144
7.2.2.5 Others 144
TABLE 59 PRECISION FARMING AGRICULTURE IOT MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION) 144
TABLE 60 PRECISION FARMING AGRICULTURE IOT MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION) 145
7.3 PRECISION FORESTRY HARDWARE 145
TABLE 61 PRECISION FORESTRY HARDWARE MARKET, BY HARDWARE TYPE,
2017–2020 (USD MILLION) 145
FIGURE 52 UAVS/DRONES TO REGISTER HIGHEST CAGR IN PRECISION FORESTRY HARDWARE MARKET FROM 2021 TO 2026 146
TABLE 62 PRECISION FORESTRY HARDWARE MARKET, BY HARDWARE TYPE,
2021–2026 (USD MILLION) 146
7.3.1 HARVESTERS AND FORWARDERS 147
7.3.1.1 Harvesters and forwarders held largest market share in 2020 147
7.3.2 UAVS/DRONES 147
7.3.2.1 UAVs/drones to register highest CAGR during forecast period 147
7.3.3 GPS 147
7.3.3.1 GPS is predominantly used for fire prevention, boundary determination, and aerial spraying in precision forestry 147
7.3.4 CAMERAS 148
7.3.4.1 Video cameras are used in surveillance of forests for prevention of fires and illegal logging 148
7.3.5 RADIO-FREQUENCY IDENTIFICATION (RFID) AND SENSORS 148
7.3.5.1 RFID tags and sensors play a major role in prevention of illegal cutting and smuggling of precious trees 148
7.3.6 VARIABLE RATE CONTROLLERS 148
7.3.6.1 Increasing adoption of site-specific vegetation management expected to fuel demand for variable rate controllers 148
7.3.7 OTHERS 148
7.4 LIVESTOCK MONITORING HARDWARE 148
TABLE 63 PRECISION LIVESTOCK MONITORING HARDWARE MARKET, BY HARDWARE TYPE, 2017–2020 (USD MILLION) 149
FIGURE 53 SENSORS TO GROW AT HIGHEST CAGR IN PRECISION LIVESTOCK FARMING AGRICULTURE IOT MARKET DURING FORECAST PERIOD 149
TABLE 64 LIVESTOCK MONITORING HARDWARE MARKET, BY HARDWARE TYPE,
2021–2026 (USD MILLION) 150
TABLE 65 LIVESTOCK MONITORING HARDWARE MARKET, BY REGION,
2017–2020 (USD MILLION) 150
TABLE 66 LIVESTOCK MONITORING HARDWARE MARKET, BY REGION,
2021–2026 (USD MILLION) 151
7.4.1 ROBOTIC HARDWARE 151
7.4.1.1 Increasing herd size of dairy farms and rising labor costs expected to propel growth of robotics hardware component 151
TABLE 67 LIVESTOCK MONITORING HARDWARE MARKET FOR ROBOTIC HARDWARE,
BY REGION, 2017–2020 (USD MILLION) 151
TABLE 68 LIVESTOCK MONITORING HARDWARE MARKET FOR ROBOTIC HARDWARE,
BY REGION, 2021–2026 (USD MILLION) 152
7.4.2 RFID TAGS AND READERS 152
7.4.2.1 Rising adoption of low-frequency RFID tags for identification and tracking of livestock to drive market growth 152
TABLE 69 LIVESTOCK MONITORING HARDWARE MARKET FOR RFID TAGS & READERS, BY REGION, 2017–2020 (USD MILLION) 152
TABLE 70 LIVESTOCK MONITORING HARDWARE MARKET FOR RFID TAGS & READERS, BY REGION, 2021–2026 (USD MILLION) 153
7.4.3 SENSORS 153
7.4.3.1 Rising popularity of sensors among small farmers to drive market growth 153
TABLE 71 LIVESTOCK MONITORING MARKET FOR SENSORS, BY REGION,
2017–2020 (USD MILLION) 153
TABLE 72 LIVESTOCK MONITORING MARKET FOR SENSORS, BY REGION,
2021–2026 (USD MILLION) 154
7.4.4 CAMERAS 154
7.4.4.1 Growing awareness among ranchers for remote monitoring of livestock expected to propel adoption of cameras 154
TABLE 73 LIVESTOCK MONITORING MARKET FOR CAMERAS, BY REGION,
2017–2020 (USD MILLION) 154
TABLE 74 LIVESTOCK MONITORING MARKET FOR CAMERAS, BY REGION,
2021–2026 (USD MILLION) 155
7.4.5 GPS 155
7.4.5.1 Surging demand for livestock location tracking is major factor driving growth of GPS market 155
TABLE 75 LIVESTOCK MONITORING MARKET FOR GPS, BY REGION,
2017–2020 (USD MILLION) 155
TABLE 76 LIVESTOCK MONITORING MARKET FOR GPS, BY REGION,
2021–2026 (USD MILLION) 156
7.4.6 OTHERS 156
TABLE 77 LIVESTOCK MONITORING MARKET FOR OTHERS, BY REGION,
2017–2020 (USD MILLION) 156
TABLE 78 LIVESTOCK MONITORING MARKET FOR OTHERS, BY REGION,
2021–2026 (USD MILLION) 156
7.5 PRECISION AQUACULTURE HARDWARE 157
TABLE 79 PRECISION AQUACULTURE HARDWARE MARKET, BY HARDWARE TYPE, 2017–2020 (USD MILLION) 157
FIGURE 54 SENSORS TO HOLD LARGEST SIZE OF PRECISION AQUACULTURE HARDWARE MARKET IN 2021 157
TABLE 80 PRECISION AQUACULTURE HARDWARE MARKET, BY HARDWARE TYPE, 2021–2026 (USD MILLION) 158
TABLE 81 PRECISION AQUACULTURE HARDWARE MARKET, BY SENSOR TYPE,
2017–2020 (USD MILLION) 158
TABLE 82 PRECISION AQUACULTURE HARDWARE MARKET, BY SENSOR TYPE,
2021–2026 (USD MILLION) 159
TABLE 83 PRECISION AQUACULTURE HARDWARE MARKET, BY SENSOR TYPE,
2017–2020 (MILLION UNITS) 159
TABLE 84 PRECISION AQUACULTURE HARDWARE MARKET, BY SENSOR TYPE,
2021–2026 (MILLION UNITS) 159
7.5.1 SENSORS 160
7.5.1.1 Temperature and environmental sensors 160
7.5.1.1.1 Increasing demand for temperature and environmental sensors for monitoring fish pens and cages in widely varying sea conditions likely to foster market growth 160
7.5.1.2 pH and dissolved oxygen sensors 160
7.5.1.2.1 Growing need to monitor dissolved oxygen content to boost deployment of pH and dissolved oxygen sensors in aquaculture farms 160
7.5.1.3 Electrical Conductivity (EC) sensors 160
7.5.1.3.1 EC sensors to witness increased adoption in RAS and pond-based aquaculture farms 160
7.5.1.4 Others 161
7.5.2 CAMERA SYSTEMS 161
7.5.2.1 Rising adoption of smart HD and 4K camera systems in aquaculture farms to augment market growth 161
7.5.3 CONTROL SYSTEMS 161
7.5.3.1 Adoption of various automated devices in aquaculture farming to raise demand for control systems in coming years 161
7.5.4 OTHERS 161
7.6 SMART GREENHOUSE HARDWARE 162
TABLE 85 SMART GREENHOUSE HARDWARE MARKET, BY HARDWARE TYPE,
2017–2020 (USD MILLION) 162
FIGURE 55 LED GROW LIGHTS TO GROW AT HIGHEST RATE FROM 2020 TO 2026 162
TABLE 86 SMART GREENHOUSE HARDWARE MARKET, BY HARDWARE TYPE,
2021–2026 (USD MILLION) 163
7.6.1 HVAC SYSTEMS 163
7.6.1.1 HVAC systems provide improved indoor environment in smart greenhouses 163
7.6.2 LED GROW LIGHTS 164
7.6.2.1 LED grow lights enhance operational efficiency and reduce energy consumption in smart greenhouses 164
7.6.3 IRRIGATION SYSTEMS 164
7.6.3.1 Irrigation systems ensure optimum, timely watering of each zone in greenhouses 164
7.6.4 MATERIAL HANDLING EQUIPMENT 164
7.6.4.1 Material handling equipment help in reducing plant handling costs 164
7.6.5 VALVES AND PUMPS 164
7.6.5.1 Valves and pumps help in proper distribution of water in various zones of greenhouses 164
7.6.6 CONTROL SYSTEMS 165
7.6.6.1 Control systems in smart greenhouses make operations easy 165
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7.6.7 SENSORS AND CAMERAS 165
7.6.7.1 Sensors provide quantitative information to guide cultivators and enable automated decision-making related to crop cultivation 165
7.7 OTHER AGRICULTURE HARDWARE 165
8 AGRICULTURE IOT MARKET, BY FARM PRODUCTION PLANNING STAGE 166
8.1 INTRODUCTION 167
TABLE 87 AGRICULTURE IOT MARKET, BY FARM PRODUCTION PLANNING STAGE, 2017–2020 (USD MILLION) 167
FIGURE 56 PRODUCTION PLANNING STAGE TO HOLD LARGEST SIZE OF AGRICULTURE IOT MARKET DURING FORECAST PERIOD 167
TABLE 88 AGRICULTURE IOT MARKET, BY FARM PRODUCTION PLANNING STAGE, 2021–2026 (USD MILLION) 168
8.2 PRE-PRODUCTION PLANNING 168
8.2.1 IN PRE-PRODUCTION PLANNING, AGRICULTURE IOT HARDWARE DEVICES ARE USED TO IDENTIFY AREAS IN FARMS SUITABLE FOR CULTIVATION 168
TABLE 89 AGRICULTURE IOT MARKET FOR PRE-PRODUCTION PLANNING, BY REGION, 2017–2020 (USD MILLION) 169
FIGURE 57 AMERICAS TO HOLD LARGEST SIZE OF AGRICULTURE IOT MARKET FOR PRE-PRODUCTION PLANNING DURING FORECAST PERIOD 169
TABLE 90 AGRICULTURE IOT MARKET FOR PRE-PRODUCTION PLANNING, BY REGION, 2021–2026 (USD MILLION) 169
8.3 PRODUCTION PLANNING 170
8.3.1 IN PRODUCTION STAGE, AGRICULTURE IOT HARDWARE DEVICES ARE USED TO MONITOR CROPS AND PRODUCTION PROCESSES TO IMPROVE PRODUCTIVITY AND REDUCE COSTS 170
TABLE 91 AGRICULTURE IOT MARKET FOR PRODUCTION PLANNING, BY REGION,
2017–2020 (USD MILLION) 170
FIGURE 58 AGRICULTURE IOT MARKET FOR PRODUCTION PLANNING TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD 171
TABLE 92 AGRICULTURE IOT MARKET PRODUCTION PLANNING, BY REGION,
2021–2026 (USD MILLION) 171
8.4 POST-PRODUCTION PLANNING 171
8.4.1 AGRICULTURE IOT HARDWARE DEVICES REDUCE MANUAL ERROR AND ASSIST FARM OWNERS IN STRATEGIC POST-PRODUCTION PLANNING 171
TABLE 93 AGRICULTURE IOT MARKET FOR POST-PRODUCTION PLANNING, BY REGION, 2017–2020 (USD MILLION) 172
FIGURE 59 AGRICULTURE IOT MARKET FOR POST-PRODUCTION PLANNING TO CAPTURE HIGHEST CAGR IN APAC DURING FORECAST PERIOD 172
TABLE 94 AGRICULTURE IOT MARKET FOR POST-PRODUCTION PLANNING, BY REGION, 2021–2026 (USD MILLION) 173
9 AGRICULTURE IOT MARKET, BY FARM SIZE 174
9.1 INTRODUCTION 175
TABLE 95 AGRICULTURE IOT MARKET, BY FARM SIZE, 2017–2020 (USD MILLION) 175
FIGURE 60 MID-SIZED FARMS TO HOLD LARGEST SIZE OF AGRICULTURE IOT MARKET FROM 2021 TO 2026 175
TABLE 96 AGRICULTURE IOT MARKET, BY FARM SIZE, 2021–2026 (USD MILLION) 175
TABLE 97 AGRICULTURE IOT MARKET FOR PRECISION FARMING, BY FARM SIZE,
2017–2020 (USD MILLION) 176
FIGURE 61 MID-SIZED FARMS TO HOLD LARGEST SIZE OF PRECISION FARMING AGRICULTURE IOT MARKET FROM 2021 TO 2026 176
TABLE 98 AGRICULTURE IOT MARKET FOR PRECISION FARMING, BY FARM SIZE,
2021–2026 (USD MILLION) 177
TABLE 99 AGRICULTURE IOT MARKET FOR LIVESTOCK MONITORING, BY FARM SIZE, 2017–2020 (USD MILLION) 177
FIGURE 62 LIVESTOCK MONITORING AGRICULTURE IOT MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 177
TABLE 100 AGRICULTURE IOT MARKET FOR LIVESTOCK MONITORING, BY FARM SIZE, 2021–2026 (USD MILLION) 178
TABLE 101 AGRICULTURE IOT MARKET FOR AQUACULTURE, BY FARM SIZE,
2017–2020 (USD MILLION) 178
FIGURE 63 PRECISION AQUACULTURE AGRICULTURE IOT MARKET FOR LARGE FARMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 179
TABLE 102 AGRICULTURE IOT MARKET FOR AQUACULTURE, BY FARM SIZE,
2021–2026 (USD MILLION) 179
TABLE 103 AGRICULTURE IOT MARKET FOR SMART GREENHOUSES, BY FARM SIZE, 2017–2020 (USD MILLION) 179
FIGURE 64 SMART GREENHOUSE AGRICULTURE IOT MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 180
TABLE 104 AGRICULTURE IOT MARKET FOR SMART GREENHOUSES, BY FARM SIZE, 2021–2026 (USD MILLION) 180
TABLE 105 AGRICULTURE IOT MARKET FOR FORESTRY, BY FARM SIZE,
2017–2020 (USD MILLION) 180
FIGURE 65 PRECISION FORESTRY AGRICULTURE IOT MARKET FOR SMALL FARMS TO GROW AT HIGHEST CAGR FR