Insights on the Worldwide IoT in Agriculture Industry to 2025 - Featuring Accenture, AgEagle & Cattle Watch Among Others

Dublin, May 20, 2020 (GLOBE NEWSWIRE) -- The "IoT in Agriculture Market Outlook and Forecasts 2020 - 2025" report has been added to ResearchAndMarkets.com's offering.

This research assesses the technologies, companies, and solutions for IoT in agriculture. The report evaluates the overall marketplace and provides forecasts for sensors (and other devices), services, solutions, and data analytics globally, and regionally for the period 2020 to 2025. Forecasts include precision agriculture, indoor farming, livestock, and fisheries.

Forecasts cover IoT in Agriculture solutions globally and regionally including: Intelligent Farm Equipment, Smart Sensor Systems, Intelligent Drones, Smart Farm Robots, and Software. Within the Smart Sensor area, the report forecasts the following: Sensors for Detecting Physical Properties, Sensors for Chemical Analysis and Applications, Sensors for General Monitoring, Sensors for Quality, Sensors for Autonomous Agriculture, and others.

Increasingly, the agriculture business is becoming controlled by companies that are not conventional agriculture experts. We see a shift from conventional agriculture to farm management systems through 2025. With this shift, software developers and predictive data analytics companies will take control of end-to-end agricultural operations. Agriculture has transformed in the last few decades from small to medium farming operations to highly industrialized, commercial farming that is concentrated among a few large corporations.

With this agricultural transformation, farming operations are increasingly a highly mechanized and computer-driven operation. This allows corporations to treat agriculture like manufacturing in the sense that measurements, data, and control is very important to manage costs, maximize yields, and boost profits. This shift in managing agricultural operations will bring various benefits to farming and livestock management, including enhanced crop quality and quantity, improved use of resources and farm equipment, real-time monitoring of farms, animals and machines, automated irrigation systems, fertilizer spraying and pest control.

The general term, AgriTech, represents the use of technology in agriculture, horticulture, and aquaculture for purposes of improving yield, efficiency, and profitability. The commercial agriculture industry is rapidly becoming one of the most IoT data-driven markets. With the emergence of M2M, IoT, and advanced data analytics technologies, data is becoming available that was previously uncollectible. The application of various AgriTech analytics tools and methodologies, such as predictive analytics will provide substantial enhancements to agriculture operations.

The Internet of Things (IoT) in Agriculture (IoTAg) represents a more specific use of technology wherein agricultural planning and operations becomes connected in ways previously impossible if it were not for advances in sensors, communications, data analytics and other areas. Virtually every aspect of agriculture that can be automated, digitally planned, and managed will benefit from IoT technologies and solutions.

Accordingly, we see IoTAg fundamentally transforming the way agricultural operations and farms are managed, which will bring various benefits to farming, including enhanced crop quality and quantity; improved use of resources and farm equipment; real-time monitoring of farms, animals, and machines; and automated irrigation systems, fertilizer spraying, and pest control.

Monitoring will be the highest revenue earning application in IoTAg. Crop health monitoring will be the highest revenue-generating application. Livestock monitoring and animal health monitoring to follow next. In fisheries, monitoring oxygen levels, pH and water quality will be the highest revenue-generating applications. Through 2025, IoTAg-enabled monitoring will be a leading component of connected agriculture with a market share of 69% and a value of $4.5 billion with a CAGR of 72.4%.

Connected agriculture is also realized through the increasing use of emerging observation and automation technologies such as the use of Unmanned Aerial Vehicles (UAV) for detecting differences in heat signatures and use of robotics for planting, spraying, and harvesting. As various IoT technologies mature beyond the R&D phase and go into general production, costs for everything from drones/UAVs to sensors will continually decrease, making connected agriculture more accessible to smaller farms and third world countries.

Mapping farms using aerial drones and terrestrial robots is rapidly becoming table-stakes for connected agriculture. Agribusiness will also deploy drones/robots to obtain real-time data regarding many aspects of farming operations. This will be a combination of aerial and land perspectives/images captured using multi-spectrum cameras and sensors installed on agricultural drones/robots. The revenue associated with this market opportunity will grow by 76.4% CAGR with a value of $850 million.

Select Research Findings:

• The shift from conventional to data-driven farming is accelerating thanks to AI and IoT

• IoT enabled systems are rapidly democratizing AgriTech for increasingly small farm ops

• Consumption, weather, and distribution data analytics will dominate the macro-factors

• Drone-based AgriTech imaging will witness 76.4% CAGR growth reaching $850M by 2025

• IoTAg-enabled monitoring will be a leading component at $4.5B by 2025 with 72.4% CAGR
  

Key Topics Covered:

1 Executive Summary

2 Overview
2.1 Agriculture Industry
2.1.1 Smart Farming vs. Traditional Farming
2.1.2 Agriculture Industry Technological Transformation
2.1.3 Vision for Agriculture Industry 2050
2.2 Smart Agriculture Market Outlook
2.3 IoTAg Technologies Shaping the Agriculture Industry
2.4 IoT Enabled Smart Agriculture Solutions
2.4.1 Precision Agriculture
2.4.2 Indoor Farming
2.4.3 Livestock Monitoring
2.4.4 Fish Farming
2.5 Smart Agriculture Systems and Functionality

3 IoT in Agriculture Market Dynamics
3.1 IoTAg Market Drivers
3.1.1 Growing Adoption of Technologies for Producing Higher Yields
3.1.2 Governments Support for AgriTech Adoption
3.1.3 Higher adoption of Precision Farming
3.2 IoTAg Market Challenges
3.2.1 Increasing Cost and Limited Technical Skills
3.2.1 Technology Integration

4 IoT in Agriculture Opportunity Analysis
4.1 Market for IoT in Agriculture
4.1.1 Natural Disaster Management and Mitigation
4.1.2 The Role of IoT in Reducing Agricultural Losses
4.1.3 Integrating IoT with Farming Operations
4.1.4 Smartphone Role in Monitoring/Controlling IoT in Agriculture
4.1.5 Emerging IoT in Agriculture Business Models
4.2 IoT for Large-scale Agriculture Operations
4.3 IoT for Small to Medium Scale Farming

5 IoT in Agriculture Market Analysis and Forecasts
5.1 Global IoT Agriculture Revenue by Application 2020 - 2025
5.2 Global IoT Agriculture Revenue by Segment 2020 - 2025
5.2.1 Global Intelligent Farm Equipment Market 2020 - 2025
5.2.2 Global Smart Sensors in Agriculture Market 2020 - 2025
5.2.3 Market by Smart Sensor Type for IoT in Agriculture 2020 - 2025
5.2.4 Global Agricultural Drone Market 2020 - 2025
5.2.5 Global Smart Farm Robot Market 2020 - 2025
5.2.6 Global Agriculture Software Solutions Market 2020 - 2025
5.3 Global IoT in Agriculture Solution Market
5.3.1 Global Revenue for IoT Precision Agriculture
5.3.2 Global Revenue for IoT Indoor Farming
5.3.3 Global Revenue for IoT Livestock Farming
5.3.4 Global Revenue for IoT Fisheries and Aquaculture
5.4 IoT in Agriculture Revenue by Region
5.4.1 North American Market for IoT in Agriculture
5.4.2 European Market for IoT in Agriculture
5.4.3 APAC Market for IoT in Agriculture
5.4.4 Rest of World Market for IoT in Agriculture
5.5 Global Managed Services in IoT Agriculture
5.6 Predictive Analytics and Artificial Intelligence in Smart Agriculture

6 IoT in Agriculture Vendor Analysis
6.1 Smart Agriculture Vendor Ecosystem
6.2 IoT in Agriculture Vendor Strategies
6.3 Select Smart Agriculture Solutions

7 Appendix: IoT Data Analytics

Companies Mentioned

• Accenture

• AgEagle

• Cattle Watch

• Climate Corporation (Monsanto)

• Decagon (METER Environment)

• Deepfield Robotics (Bosch)

• DroneDeploy

• Euravka

• FarmersEdge

• FluxFarm Inc.

• IBM

• Intrinsyc Technologies Corp

• John Deere

• Kaa Open Source IoT Platform

• Libelium Comunicaciones Distribuidas S.L.

• MTN

• Raven Industries

• Semtech

• SlantRange

• SWIM

• Telit

• ThingWorx (PTC)

• TopCon

• Trackit
  

For more information about this report visit https://www.researchandmarkets.com/r/w82nfe

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