FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 739
Companies: 87 – Players covered include Agco Corporation; Agjunction; Antelliq; Cropmetrics; Deere and Company; Delaval (Subsidiary of Tetra Laval International, S.A.); Dickey-John; DJI; GEA Group; Granular; Hexagon Agriculture; Komatsu Forest; Ponsse; Precisionhawk; Raven Industries; Teejet Technologies; Tigercat; Topcon Positioning Systems; Tree Metrics; Trimble Inc. and Others.
Coverage: All major geographies and key segments
Segments: System (Software, Automation & Control Systems, Livestock Monitoring Hardware, Smart Greenhouse Hardware, Sensing & Monitoring Devices, Fish Farming Hardware); Application (Precision Farming, Livestock Monitoring, Smart Greenhouse, Fish Farm Monitoring)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Internet of Things (IoT) in Agriculture Market to Reach $60.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Agriculture estimated at US$26.8 Billion in the year 2020, is projected to reach a revised size of US$60.3 Billion by 2026, growing at a CAGR of 14.3% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 15.9% CAGR and reach US$27.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automation & Control Systems segment is readjusted to a revised 13.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.3 Billion in 2021, While China is Forecast to Reach $9.4 Billion by 2026
The Internet of Things (IoT) in Agriculture market in the U.S. is estimated at US$8.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2026 trailing a CAGR of 13.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 12% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.
Livestock Monitoring Hardware Segment to Reach US$7.4 Billion by the year 2026
In the global Livestock Monitoring Hardware segment, USA, Canada, Japan, China and Europe will drive the 12% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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