Agriculture M2M Global Market Report 2023: Rising Concerns Over Food Security Drives Adoption
Global Market for Agriculture M2M
Dublin, May 04, 2023 (GLOBE NEWSWIRE) -- The "Agriculture M2M - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Agriculture M2M Market to Reach $83 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Agriculture M2M estimated at US$4.9 Billion in the year 2022, is projected to reach a revised size of US$83 Billion by 2030, growing at a CAGR of 42.4% over the analysis period 2022-2030.
Equipment Control & Monitoring, one of the segments analyzed in the report, is projected to record a 43.7% CAGR and reach US$40 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Crop Management segment is readjusted to a revised 42.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 39.7% CAGR
The Agriculture M2M market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2030 trailing a CAGR of 39.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 38.3% and 36.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28% CAGR.
Select Competitors (Total 16 Featured) -
Aeris Communications, Inc.
Argus Control Systems Ltd.
Davis Instruments
Elecsys Corporation
Eltopia Communications
John Deere
Kontron AG
Mahindra & Mahindra Ltd.
McCrometer, Inc.
Orange Business Services
SemiosBio Technologies Inc.
Telit Communications PLC
Trimble, Inc.
Turkcell Iletisim Hizmetleri AS
Tyro Remotes UK
Valley Irrigation
Verizon Communications, Inc.
Vodafone Group PLC
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 281 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $4.9 Billion |
Forecasted Market Value (USD) by 2030 | $83 Billion |
Compound Annual Growth Rate | 42.4% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Agriculture M2M - Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Growing Need to Improve Farming Efficiency Results in Rising Adoption of M2M Technology in Agricultural Activities
Applications of Agriculture M2M Technology
Agriculture M2M Market: Percentage Market Share Breakdown by Application for Developed and Developed Regions
North America and Europe Witness Growing Adoption of Agriculture M2M Technology
Competition
Leading Vendors in the Global Agriculture M2M Market
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rapidly Growing M2M Market Presents Opportunities for Adoption in Agriculture Industry
Machine to Machine (M2M) Connections Worldwide in Billions for the Period 2014-2021
Rising Concerns Over Food Security Drives Adoption of M2M to Improve Agricultural Yield and Efficiency
Global Agricultural Output: Sources of Growth of Output for the Period 1961-70 to 2001-14
Agricultural Land as % of Total Land Area Worldwide for the Period 1961-2016
M2M Technology Enables Industrialization of Agricultural Operations
IoT Revolutionizing the Farming Sector
Cellular M2M in Agriculture Sector: An Overview
Cellular M2M Connections in Agriculture Industry (in Million) in Select Countries
Expanding Cellular M2M Connectivity Augurs Well for Agri M2M Market
Growing Number of Cellular M2M Connections Present Opportunity for M2M Adoption in Agriculture Industry: Number of Cellular M2M Connections Worldwide in Millions for the Years 2010 through 2020
Satellite Technology Transforms Agricultural Activity
Satellite M2M/IoT Market Progress Augurs Well for its Adoption in Farming Sector
Global Satellite M2M/IoT Market: Revenues in US$ Million for the Years 2017, 2019, 2021, 2023 and 2025
Global M2M/IoT Satellite Market: Percentage Breakdown of Revenues by Vertical for the Year 2025
Unique Capabilities Facilitate Expansion of Satellite M2M into Agriculture Sector
An Insight into IoT Application in Agriculture and Smart Farming
Smart Farming: Leveraging Capabilities of M2M to Improve Crop Yield
Product Overview
What is M2M?
Agriculture M2M: An Introduction
Applications and Use Cases of M2M in Agriculture
Recent Industry Activity
John Deere Acquires Blue River Technology
AGCO Partners with Solinftec for Digital Agriculture Solutions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/cqykcn
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