Internet of Things (IoT) Agriculture Market was valued at USD 13.73 Billion in 2023, and it is expected to reach USD 25.58 Billion by 2030, exhibiting a CAGR of 9.29 %
Internet of Things (IoT) Agriculture Market Overview:
This Internet of Things (IoT) Agriculture market study looks at current and emerging industry trends and dynamics in the global Internet of Things (IoT) Agriculture market. Internet of Things (IoT) Agriculture Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Internet of Things (IoT) Agriculture market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Internet of Things (IoT) Agriculture market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Internet of Things (IoT) Agriculture market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Internet of Things (IoT) Agriculture market environment. Increased demand for Internet of Things (IoT) Agriculture is driving the market. The Internet of Things (IoT) Agriculture market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
According to estimates, the precision farming application will have more than 35% of the market share overall by 2023. The Internet of Things (IoT) integration in precision imaging for weather, water, and soil monitoring, as well as real-time data collection about the state of the farm and equipment health using drone sensors and controllers, are driving the growth of precision farming’s market share. The goal of precision farming is to evaluate sensor data and take appropriate action. Precision farming uses sensors to gather data, analyze it, and help farmers make quick, well-informed decisions. A multitude of precision agricultural techniques, such as vehicle tracking, livestock management, and irrigation management, all play a major role in increasing efficiency and output.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles.
1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Internet of Things (IoT) Agriculture market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Internet of Things (IoT) Agriculture Market:
The COVID-19 epidemic has had a significant impact on the global Internet of Things (IoT) Agriculture industry. Internet of Things (IoT) Agriculture Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Internet of Things (IoT) Agriculture market to decelerate in 2020. The negative impact of COVID-19 on the Internet of Things (IoT) Agriculture market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Internet of Things (IoT) Agriculture.
Key Questions Answered in the Internet of Things (IoT) Agriculture Market Report are:
- Which segment was responsible for the largest share in the Internet of Things (IoT) Agriculture market?
- How was the competitive scenario of the Internet of Things (IoT) Agriculture market in 2023?
- Which are the key factors responsible for the Internet of Things (IoT) Agriculture market growth?
- Which region held the maximum share in the Internet of Things (IoT) Agriculture market in 2023?
