Report Highlights
The global market for IoT-based smart agriculture is valued at $12.8 billion in 2021 and is estimated to grow from $15.1 billion in 2022 to $26.5 billion in 2027 with a compound annual growth rate (CAGR) of 12.1% for the period of 2022-2027.
Report Includes
- 35 data tables and 38 additional tables
- A comprehensive overview of the global market for IoT based smart agriculture
- Estimation of the market size and analyses of market trends, with data from 2021, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the market potential for IoT based smart agriculture market by component, deployment mode, connectivity technology, application, and region
- Coverage of historical background of smart agriculture and information on technology-based aquaculture farming
- Identification of market drivers, restraints and other forces impacting the global market and evaluation of current market size and forecast, and assessment of new developments in the industry
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies and a relevant patent analysis
- Company profiles of major market players within the industry, including Topcon, Farmers Edge Inc., Bayer AG and Yara.
Report Scope
The report provides an overview of the global market for IoT-based smart agriculture and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for 2022 through 2027. Revenue forecasts for this period are segmented by component, connectivity technology, deployment, application and region. The report also focuses on the major driving trends and challenges that affect the market. The report explains the current trends in the IoT-based smart agriculture market, concluding with detailed profiles of the major global IoT-based smart agriculture players.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||
| Base year market size | $12.8 billion | ||||||||||||||||
| Market size forecast | $26.5 billion | ||||||||||||||||
| Growth rate | CAGR of 12.1% from 2022 to 2027 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Business Segment, Application | ||||||||||||||||
| Regions covered | Americas, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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