The smart agriculture Industry plays an important role in meeting the accelerating food demand of the growing global population. The smart agriculture devices help in continuous field monitoring, precision crop analysis by engages different sensors, high-quality cameras, microcontrollers, web-based platforms, and smart devices to gather data from the field. It also helps in analyzing the collected data by transferring the data to the operator or the farmer for making an accurate decision. These benefits of smart agriculture are boosting the Industry for smart agriculture to grow over the period from 2017 to 2025.
The global smart agriculture Industry is segmented based on solutions, application, and region. Based on solutions, the Industry for smart agriculture is segmented as network management, agriculture asset management, supervisory control, and data acquisition, logistics and supply chain management, smart water management and others. The others segment includes mobility solution, connectivity solutions, and quality assurance solutions.
On the basis of application, the smart agriculture Industry has been segmented as precision agriculture, livestock management, fish farming, smart greenhouse, and others. The others segment include indoor farming, horticulture, dairy management
Regionally, the Industry for smart agriculture is categorized as North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
North America contributed the largest Industry share of the overall revenue generated in 2016 in the smart agriculture Industry. Smart water management is the fastest growing segment in the solution segment in the North American smart agriculture Industry. In the application segment, precision agriculture held the largest Industry share and livestock monitoring is anticipated to be the fastest growing segment. The U.S. contributed largest Industry share in North America. This is attributed to the fact that the companies in the U.S. are conducting extensive research and development with joint ventures or partnerships in order to enhance the agriculture technology to minimize the human involvement on the field and produce ample food to meet the global food requirement. In addition, other factor boosting the U.S. Industry is the individual farmers and farming corporate houses deployed the smart agriculture tools and equipment heavily in 2016. Mexico is the fastest growing region in the North American Industry for smart agriculture due to rapid deployment of tools and equipment and increased fish farming business.
The smart agriculture Industry in Europe held the second largest Industry in 2016. The European smart agriculture Industry stands third in terms of growth rate globally. The growth of smart agriculture Industry in Europe is attributed to the fact that the U.K. is investing huge amounts in research and developments in order to develop robust technologies to ease the farmers in agriculture procedure. Due to this Industry for smart agriculture contributed the largest Industry share in 2016 in the European smart agriculture Industry. The growth rate of smart agriculture Industry in Italy is significant, due to the increasing demand for livestock monitoring. Germany smart agriculture Industry is estimated to be the second fastest growing region, due to the growing demand for smart greenhouse. The growth rate of smart agriculture Industry in Germany is considerable over the period from 2017 to 2025.
Asia Pacific is the most attractive region in the global smart agriculture Industry, growing at an influential rate over the period from 2017 to 2025. The Industry for smart agriculture in Asia Pacific is attributed to the fact that the countries such as China, Japan, and Australia are procuring the smart agriculture tools and equipment rapidly in order to minimize the human effort in agriculture, save the agriculture assets such as plants and animals, and the increased need for livestock monitoring. China held the largest Industry in 2016 while Japan is the fastest growing region in the smart agriculture Industry in Asia Pacific.
Middle East and Africa smart agriculture Industry is expected to grow at a fair rate from 2017 to 2025. Owing to the fact that fish farming is the most demanding segment in the region. South Africa held the largest Industry share in the smart agriculture Industry in the Middle East and Africa due to increased precision agriculture in the region.. Egypt is estimated to be the fastest growing region in the Middle East and Africa smart agriculture Industry, growing at a significant rate.
Latin America is the second fastest growing region in the global smart agriculture Industry. The growth rate of smart agriculture Industry in Latin America is significant in comparison to North America, Europe and Middle East and Africa. Latin American smart agriculture growth rate is attributed to the increasing need for smart water management in order to save agriculture water in varied weather conditions and also to grow crops with less usage of harmful chemicals and fertilizers. Brazil held the largest Industry in the Latin American smart agriculture Industry in 2016 and it is estimated to be the fastest growing region over the period from 2017 to 2025. This is due to the rapid growth of smart greenhouse.