Brazil Precision Agriculture Market Set to Grow at 18.92% CAGR, Reaching USD 863.68 Million by 2030 | Infinium Global Research

Infinium Global Research has added a new report on Brazil Precision Agriculture Market. The report covers the analysis of the regional markets of Brazil. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Brazil precision agriculture market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Brazil market. The dynamics include drivers, restraints, opportunities, political, and socioeconomic factors, technological factors, key trends, and future prospects. The Brazil precision agriculture market was valued at USD 256.75 Million in 2022 and is expected to reach USD 863.68 Million by 2030 and grow at a CAGR of 18.92% over the forecast period.

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Optimum Resource Utilization in Agriculture

Precision agriculture is gaining prominence among Brazilian farmers due to the increasing need for optimal production with limited resources. The changing weather patterns associated with global warming are necessitating the adoption of advanced technologies to enhance productivity and crop yield. Precision agriculture offers a range of technologies, including real-time farm monitoring, optimal field requirements, and weather forecasting, allowing farmers to increase yield with minimal human effort and resource wastage.

Moreover, precision agriculture technology provides farmers with real-time information accessible through smartphones, offering greater mobility and ease of operation. However, affordability issues and a lack of awareness among farmers about the benefits of precision agriculture remain major challenges in the market.

Market Segmentation and Application

The Brazil precision agriculture market can be segmented based on technology, components, and applications. Technologies include GIS, telematics, VRT, GPS/GNSS, and remote sensing, with GNSS technology expected to witness rapid adoption. Among components, the hardware segment is anticipated to acquire the largest market share as it helps collect crucial soil information. The precision agriculture market also finds applications in yield monitoring, field mapping, crop scouting, farm labor management, and more, with yield monitoring holding the highest market share in 2019.

Brazil's Role in Global Agriculture

Brazil plays a significant role in global agricultural trade, accounting for 7.3 percent of global agricultural exports. The country is the world's third-largest exporter of agricultural products, with agribusiness contributing to about 21% of Brazil's GDP in 2018. Brazil is a major producer of a variety of crops, including sugarcane, coffee, tropical fruits, soybeans, corn, cotton, cocoa, tobacco, and forest products. Precision agriculture technologies are expected to be crucial in increasing yields while minimizing environmental impacts, especially as agricultural lands shrink, finite natural resources deplete, and global demand for crops rises.

Government Initiatives and Connectivity

The creation of the Brazilian Commission of Precision Agriculture (CBAP) through the Ministry of Agriculture, Livestock, and Supply highlights the government's commitment to advancing precision agriculture. This advisory body aims to strengthen research, education, and technology development within the sector, promising notable changes in precision agriculture adoption over the forecast period.

However, one of the key challenges in Brazil is the limited access to broadband coverage in less than 7% of agricultural areas. To address this issue, initiatives like ConectarAGRO have emerged, aiming to bring connectivity to Brazilian farms. In partnership with Nokia, ConectarAGRO seeks to connect 500,000 Brazilian farms, enabling the use of advanced technologies like robotics, temperature and moisture sensors, drone aerial images, and GPS, ultimately boosting precision agriculture adoption.

Skills and Training

One of the greatest challenges facing precision agriculture in Brazil is the availability of trained and skilled labor to effectively use these technologies. The scale of agricultural areas and the rapid development of technologies have created a shortage of professionals trained to utilize the latest tools. To address this, many producers find it easier to invest in equipment, infrastructure, and human resources rather than training, machinery, software, and consulting.

National IoT Plan and Agriculture

The launch of Brazil's National IoT Plan in June 2019 has paved the way for the establishment of a multi-stakeholder forum. The National IoT Plan, with a focus on agriculture, considers IoT solutions crucial for efficient resource use and agricultural security. IoT solutions are poised to help farmers increase yields, profitability, and environmental protection.

The growth of precision agriculture in Brazil is driven by the increasing affinity for technology among farmers who have the financial capacity to invest in these tools. As initiatives like ConectarAGRO and the National IoT Plan gather momentum, they are expected to improve connectivity, address skills shortages, and drive the adoption of precision agriculture technologies in Brazil.

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Table of Content

Chapter 1. Introduction

1.1 Report Description

1.1.1 Segmentation and Research Scope

1.1.2 Definition, Abbreviations, and Assumptions

1.2 Research Methodology

1.2.1 Methodology

1.2.2 Research Methodology: An Outline

1.3 Research Approaches

Chapter 2. Executive Summary

2.1 Brazil Precision Agriculture Market Highlights, (USD Million)

2.2 Brazil Precision Agriculture Market Projection

Chapter 3. Market Overview & Competitiveness

3.1 DRO Analysis

3.1.1 Drivers

3.1.1.1 Large agricultural sector and growing government support to promote the precision agriculture ecosystem in Brazil

3.1.1.2 Growing initiatives to promote connectivity solutions to the Brazilian agribusiness sector

3.1.1.3 Projected climate change to lead to major shifts in farming systems in Brazil

3.1.2 Challenge

3.1.2.1 Unavailability of trained and skilled labor

3.1.3 Opportunities

3.1.3.1 Launch of Brazil's National IoT Plan

3.2 Analysis of COVID-19 Impact on the Precision Agriculture Market

3.3 PEST-Analysis of Brazil Precision Agriculture Market

3.4 Porter's Diamond Model for Brazil's Precision Agriculture Market

3.5 IGR- Growth Matrix Analysis

3.6 Competitive Landscape in Precision Agriculture Market

3.6.1 Company Shares

Chapter 4. Brazil Precision Agriculture Market, By Technology

4.1 Introduction

4.1.1 GIS

4.1.2 Telematics

4.1.3 VRT

4.1.4 GPS

4.1.5 GNSS

4.1.6 Remote Sensing

Chapter 5. Brazil Precision Agriculture Market, By Component

5.1 Introduction

5.1.1 Hardware

5.1.1.1 Sensors

5.1.1.2 Drones/UAVs

5.1.1.3 Automated Steering System

5.1.1.4 Radar

5.1.2 Software

5.1.2.1 GIS

5.1.2.2 Crop Management Software

5.1.2.3 Weather Tracking and Forecasting

5.1.2.4 Inventory management software

5.1.2.5 Other Software Types

5.1.3 Services

Chapter 6. Brazil Precision Agriculture Market, By Application

6.1 Introduction

6.1.1 Yield Monitoring

6.1.2 Field mapping

6.1.3 Crop scouting

6.1.4 Farm labor management

6.1.5 Irrigation Management

6.1.6 Other Applications

Chapter 7. Company Profiling

7.1 AGROSMART SA

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Product Portfolio

7.2 Delivery Hero SE

7.2.1 Overview

7.2.2 Company Overview

7.2.3 Product Portfolio

7.3 Jazzly

7.3.1 Overview

7.3.2 Company Overview

7.3.3 Product Portfolio

7.4 Jahez

7.4.1 Overview

7.4.2 Company Overview

7.4.3 Product Portfolio

7.5 MRSOOL Inc.

7.5.1 Overview

7.5.2 Company Overview

7.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Brazil precision agriculture.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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