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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