Agriculture IoT Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies

Global Agriculture IoT report from Global Insight Services is the single authoritative source of intelligence on Agriculture IoT market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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The Agriculture IoT is the application of the Internet of Things technology to the agricultural sector. The Agriculture IoT includes sensors, devices, and software that are used to collect data and information about crops, livestock, and other aspects of agriculture. This data is then used to improve the efficiency of agricultural production, including the management of irrigation, fertilization, and pest control.

Key Drivers
There are several key drivers of the agriculture IoT market. One is the increasing demand for food globally. The world population is projected to reach 9.7 billion by 2050, and the United Nations estimates that food production will need to increase by 70% to meet this demand. Agriculture IoT can help farmers increase yields and produce food more efficiently.

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Market Segments
The global Agriculture IoT Market is segmented based on system, application, farm type and region. By system, it is classified into automation and control systems, sensing and monitoring devices, livestock monitoring hardware, fish farming hardware, smart greenhouse hardware, and software. Based on application, it is divided into precision farming, livestock monitoring, smart greenhouse, and fish farm monitoring. By farm type, the market is segmented into large, mid-sized and small farms. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the world.

Key Companies
The key players operating in the agriculture IoT market include Deere & Company , Trimble Inc, AGCO Corporation, DeLaval , Raven Industries Inc. , GEA Group AG , Komatsu Ltd, Ponsse PLC , Farmer Edge Inc, DICKEY-john , CropX, Inc, The Climate Corporation, Topcon Positioning Systems, Inc, AgJunction Inc, Antelliq Corporation, and TeeJet Technologies .

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Key Drivers
There are several key drivers of the agriculture IoT market. One is the increasing demand for food globally. The world population is projected to reach 9.7 billion by 2050, and the United Nations estimates that food production will need to increase by 70% to meet this demand. Agriculture IoT can help farmers increase yields and produce food more efficiently.

Another key driver is the need for sustainability. Agriculture is a major contributor to climate change, accounting for about 10% of global greenhouse gas emissions. Agriculture IoT can help farmers reduce their environmental impact by using data to optimize irrigation, fertilizer use, and other inputs.

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