Dublin, Jan. 20, 2025 (GLOBE NEWSWIRE) -- The "IoT Applications in the Agricultural Industry - 4th Edition" report has been added to ResearchAndMarkets.com's offering.
IoT Applications in the Agricultural Industry is the latest strategy report analysing the latest developments on the global smart farming market covering precision farming, agricultural drones, in-field monitoring, herd management and farm management software. This strategic research report provides you with 240 pages of unique business intelligence, including 5-year industry forecasts and expert commentary on which to base your business decisions.
How will the market for agricultural IoT applications evolve in 2025 and beyond? This report covers the latest trends and developments in the emerging smart farming market. The report forecasts that the number of installed wireless devices for applications in agricultural production is forecasted to grow at a CAGR of 7.6% from 26.5 million connections at the end of 2023 to 38.2 million connected devices by 2028. Cellular connections amounted to 2 million at the end of 2023 and are expected to reach 4.1 million in 2028. Get up to date with the latest information about vendors, products and markets.
Smart farming refers to the application of information and communications technology in agricultural production systems. The electronification of agricultural equipment has advanced over several decades but has accelerated in recent years due to improvements in computing power, data storage and wireless data transfer. The analyst's definition of smart farming solutions includes systems installed in agricultural equipment, in the field or fitted to animals. Included are also agricultural software systems that ensure that agricultural production can be planned, scheduled and managed to achieve efficient operations.
Precision agriculture is about managing variations in the field to increase crop yield, raise productivity and reduce consumption of agricultural inputs. While solutions such as auto-guidance and machine monitoring and control via onboard displays today are mainstream technologies in the agricultural industry, telematics and variable rate technology (VRT) are not yet widely adopted. Most major agricultural equipment manufacturers have initiatives related to precision agriculture, although strategies vary markedly.
Leading providers of precision agriculture solutions include Deere & Company, AGCO via its joint venture with Trimble, Topcon Positioning Systems, Hexagon, and CNH Industrial through its subsidiary Raven Industries. Other significant vendors are Ag Leader Technology, Kubota and CLAAS Group. The agricultural drone market has recently emerged as a rapidly growing area in precision farming. The market is led by DJI with an installed base of more than 300,000 agricultural drones. Other important players are Draganfly, AgEagle, XAG and Beijing TT Aviation Technology. Industry players that provide data-oriented applications and agronomic services include Bayer's Climate LLC, Syngenta, Farmers Edge and BASF.
The market for in-field sensor systems can be divided into three segments: environmental monitoring, pest monitoring and water management. These solutions typically incorporate wireless connectivity, data logging, cameras and sensors that record measurements of environmental parameters. Semios (Almanac) is the largest vendor in the space by far with an installed base of over 500,000 sensor nodes, followed by Pessl Instruments and Davis Instruments with estimated installed bases of around 80,000 and 50,000 devices respectively.
The top specialised providers of integrated soil moisture monitoring solutions comprise CropX, Hortau and WiseConn. Remote irrigation control solutions are offered by the largest OEMs of central-pivot and drip irrigation systems including Valmont Industries with its Valley Irrigation brand, Lindsay Corporation with its Zimmatic brand and Netafim.
Precision livestock farming technologies are mainly applied to the husbandry of dairy cattle, poultry and pigs. Consolidation and growth of dairy farms have resulted in larger herds per farmer, which makes manual observations challenging. Bodymounted sensor systems together with herd management software are used to achieve satisfactory herd health and timely insemination when a cow is in oestrous.
A majority of the leading dairy equipment OEMs including GEA Group, Lely and BouMatic partner with specialised companies to provide advanced sensor technology for herd management. The world's largest dairy equipment manufacturer DeLaval offers its in-house developed activity monitoring system along with its milking and dairy farming infrastructure solutions. Other significant providers of precision livestock farming technologies include Afimilk, Farmnote, Nedap, Fullwood JOZ, smaXtec and Merck.
The analyst's outlook for the smart farming solution market is positive as agricultural production remains greatly underpenetrated by IoT technologies. The number of installed wireless devices for applications in agricultural production is forecasted to grow at a compound annual growth rate (CAGR) of 7.6% from 26.5 million connections at the end of 2023 to 38.2 million connected devices by 2028. Cellular connections amounted to roughly 2 million at the end of 2023 and are expected to reach 4.1 million in 2028.
The main application areas for cellular communications comprise farm equipment telematics and in-field sensor systems. LPWA technologies are expected to achieve the highest growth rate and realise a significant market position in the remote monitoring and control segment. 802.15.4-based standards comprise the most employed wireless technology due to its wide adoption in dairy cow monitoring applications.
Highlights from the Report
- Insights from numerous interviews with market leading companies.
- Comprehensive overview of the smart farming value chain and key applications.
- In-depth analysis of market trends and key developments in crop and livestock production.
- Profiles of 82 smart farming solution providers.
- Detailed reviews of the latest precision agriculture initiatives launched by industry players.
- Summary of OEM propositions from manufacturers of agricultural and forestry equipment.
- Forecasts by market segment, region and wireless technology lasting until 2028.
This report answers the following questions:
- What are the main applications for wireless IoT in agricultural production systems?
- Which are the leading providers of precision farming technologies?
- What offerings are available from technology and service providers?
- How are the OEMs and agricultural input producers involved in the ecosystem?
- What are the main drivers and barriers for technology adoption in agricultural production?
- How can drone technology be used in the agricultural sector?
- What are the current trends in the smart farming industry?
- How will the adoption of cellular connectivity and LPWA technologies evolve?
Market Trends
- The emerging digital ecosystem requires a shift towards collaboration
- Larger herds drive the adoption of precision livestock farming technologies
- Dealerships remain as important gateways to customers
- OEMs extend free telematics subscription periods
- Major solution providers bet on agtech start-ups via venture capital arms
- IoT start-ups attract substantial venture capital investments
- System integration and interoperability remain high on the agenda
- Autonomy will play a significant role in agricultural operations
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 240 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Volume in 2023 | 26.5 Million Connections |
| Forecasted Market Volume by 2028 | 38.2 Million Connections |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
1 The Agricultural Sector
1.1 Agricultural production
1.2 Agricultural commodities
1.3 Demand for agricultural commodities
1.4 Agricultural operations
1.5 Agricultural and forestry equipment
2 Smart Farming Technologies and Solutions
2.1 Smart farming infrastructure
2.2 Machinery management
2.3 Precision agriculture
2.4 Remote sensing
2.5 Remote monitoring and control
2.6 Precision livestock farming
2.7 Data management and predictive analysis
2.8 Business models and strategies
3 Market Forecasts and Trends
3.1 Market analysis
3.2 Market drivers and barriers
3.3 Value chain analysis
4 OEM Products and Strategies
4.1 AGCO
4.2 Amazone
4.3 ARGO Tractors
4.4 CLAAS Group
4.5 CNH Industrial
4.6 Deere & Company
4.7 JCB
4.8 Komatsu
4.9 Krone
4.10 Kubota
4.11 Mahindra & Mahindra
4.12 Ponsse
4.13 Rottne
4.14 SDF
4.15 Stara
4.16 Tigercat
4.17 Vermeer
5 Aftermarket Solution Providers
5.1 Precision farming
5.1.1 365FarmNet (CLAAS Group)
5.1.2 Ag Leader Technology
5.1.3 BASF
5.1.4 Climate LLC (Bayer)
5.1.5 DICKEY-john
5.1.6 DKE-Data
5.1.7 Farmers Edge
5.1.8 Hemisphere GNSS (CNH Industrial)
5.1.9 Hexagon
5.1.10 Lacos
5.1.11 Raven Industries (CNH Industrial)
5.1.12 Syngenta
5.1.13 Topcon Positioning Systems
5.1.14 Trimble
5.1.15 Yara
5.2 Agricultural drones
5.2.1 AgEagle
5.2.2 Aonic
5.2.3 DJI
5.2.4 Draganfly
5.2.5 Hylio
5.2.6 Jiyi
5.2.7 Sentera
5.2.8 TTA
5.2.9 Wingtra
5.2.10 XAG
5.3 Environmental and pest monitoring
5.3.1 Agrivi
5.3.2 Almanac
5.3.3 Campbell Scientific
5.3.4 Davis Instruments
5.3.5 Fieldin
5.3.6 Isagri
5.3.7 Meteobot (Prointegra)
5.3.8 METER Group
5.3.9 Pessl Instruments
5.3.10 Sencrop
5.3.11 Trapview
5.3.12 Weenat
5.4 Water management
5.4.1 AquaSpy
5.4.2 Arable
5.4.3 CropX
5.4.4 EarthScout
5.4.5 Hortau
5.4.6 Libelium
5.4.7 Lindsay Corporation
5.4.8 Netafim
5.4.9 Pycno
5.4.10 Rivulis
5.4.11 Valmont Industries
5.4.12 WiseConn
5.5 Dairy herd management
5.5.1 Afimilk
5.5.2 BouMatic
5.5.3 CowManager
5.5.4 Dairymaster
5.5.5 Datamars
5.5.6 DeLaval
5.5.7 Farmnote
5.5.8 Fullwood JOZ
5.5.9 GEA Group
5.5.10 Lely
5.5.11 Merck
5.5.12 Moocall
5.5.13 Nedap
5.5.14 smaXtec
5.5.15 Stellapps
5.5.16 Zoetis
For more information about this report visit https://www.researchandmarkets.com/r/ejvqgz
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