NORTH AMERICA SMART AGRICULTURE MARKET 2022-2028

Description

NORTH AMERICA SMART AGRICULTURE MARKET 2022-2028

MARKET OUTLOOK

According to This report, North America’s smart agriculture market is likely to develop with a CAGR of 9.51% in the forecast period from 2022 to 2028. The United States and Canada are the countries studied for the market in this region.
According to the United States Department of Agriculture (USDA) Economic Research Service’s survey, the country had 2.01 million farms as of 2021, with 895 million acres of farmland and an average farm size of 445 acres. The USDA is focusing on enhancing the country’s agricultural production by 40% and reducing damaging environmental impact by 50% by the year 2050.
Further, the United States’ government announced its sustainable agriculture strategy in October 2021. The USDA announced its investment in the NIFA Sustainable Agriculture System program, under which, sustainable agriculture research projects worth nearly $146 million would be implemented to develop and enhance the climate-smart food and agriculture system in the country.
The agriculture and agri-food sector contributes majorly to the Canadian economy. It contributed $134.9 billion (around 6.8%) to the national GDP. Currently, there are 189,874 farms in Canada, and they cover 62.2 million hectares (or 6.3%) of its land area.
The federal, provincial, and territorial governments launched the Canadian Agricultural Partnership in 2018, which is a $3 billion-worth five-year investment program to strengthen and develop the country’s agriculture and agri-food sector. Further, in May 2022, the national government announced its plans to invest $860,000 in 6 businesses, as part of the Innovative Solutions Canada (ISC) program. All these factors are indicative of a bright future for the smart agriculture market in North America.

COMPETITIVE OUTLOOK

Topcon Positioning Systems Inc, AGCO Corporation, DeLaval, Trimble Inc, Aker Technologies Inc, Deere & Company, The Climate Corporation (Bayer AG), and Afimilk Ltd are some of the noteworthy companies in the smart agriculture market.

TABLE OF CONTENTS

1. NORTH AMERICA SMART AGRICULTURE MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. KEY INSIGHTS
2.1.1. USE OF VERTICAL FARMING DUE TO RISING FOOD DEMAND
2.1.2. RISING LABOR COST
2.1.3. RISING FOOD SECURITY CONCERNS DUE TO CLIMATE CHANGE
2.2. IMPACT OF COVID-19 ON THE SMART AGRICULTURE MARKET
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. REGULATORY FRAMEWORK
2.6. VENDOR SCORECARD
2.7. KEY MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT LAUNCHES
2.7.3. PARTNERSHIPS & AGREEMENTS
2.8. MARKET DRIVERS
2.8.1. AUTOMATION IN THE AGRICULTURAL INDUSTRY
2.8.2. INCREASING CORPORATE FARMING
2.8.3. ADVANCEMENTS IN AGRICULTURAL TECHNOLOGY AROUND THE GLOBE
2.8.4. GOVERNMENT INITIATIVES TO HELP THE AGRICULTURAL SECTOR
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF MODERN AGRICULTURAL EQUIPMENT
2.9.2. SHORTAGE OF SKILLED OPERATORS
2.10. MARKET OPPORTUNITIES
2.10.1. DRONE USAGE IS REVOLUTIONIZING THE AGRICULTURAL SECTOR
2.10.2. INCREASE IN THE USE OF VERTICAL FARMING
3. NORTH AMERICA SMART AGRICULTURE MARKET OUTLOOK – BY TYPE
3.1. PRECISION FARMING
3.2. LIVESTOCK MONITORING
3.3. PRECISION AQUACULTURE
3.4. SMART GREENHOUSE
4. NORTH AMERICA SMART AGRICULTURE MARKET OUTLOOK – BY COMPONENT
4.1. SOLUTION
4.1.1. HARDWARE
4.1.1.1. HVAC SYSTEMS
4.1.1.2. LED GROW LIGHTS
4.1.1.3. VALVES & PUMPS
4.1.1.4. SENSORS & CONTROL SYSTEMS
4.1.1.5. OTHER HARDWARE
4.1.2. SOFTWARE
4.1.2.1. NETWORK MANAGEMENT
4.1.2.2. AGRICULTURE ASSET MANAGEMENT
4.1.2.3. SMART WATER MANAGEMENT
4.1.2.4. IRRIGATION MANAGEMENT
4.2. SERVICE
4.2.1. CONSULTING
4.2.2. SYSTEM INTEGRATION & DEPLOYMENT
4.2.3. SUPPORT & MAINTENANCE
4.3. CONNECTIVITY TECHNOLOGY
4.3.1. CELLULAR IOT
4.3.2. LORA
4.3.3. NB-IOT
4.3.4. GLOBAL NAVIGATION SATELLITE SYSTEMS
4.3.5. WI-FI
4.3.6. SIGFOX
4.3.7. WIRELINE
4.3.8. WIRELESS PERSONAL AREA NETWORK (WPAN)
4.3.9. OTHER CONNECTIVITY TECHNOLOGIES
5. NORTH AMERICA SMART AGRICULTURE MARKET – COUNTRY OUTLOOK
5.1. UNITED STATES
5.2. CANADA
6. COMPETITIVE LANDSCAPE
6.1. AGCO CORPORATION
6.2. AFIMILK LTD
6.3. AKVA
6.4. AGEAGLE AERIAL SYSTEMS INC
6.5. DEERE & COMPANY
6.6. THE CLIMATE CORPORATION (BAYER AG)
6.7. DELAVAL
6.8. TRIMBLE INC
6.9. RAVEN INDUSTRIES
6.10. LUMIGROW INC
6.11. TOPCON POSITIONING SYSTEMS INC
6.12. AGJUNCTION
6.13. INNOVASEA SYSTEMS INC
6.14. MSD ANIMAL HEALTH (MERCK & CO)
6.15. SEMIOSBIO TECHNOLOGIES INC
6.16. AKER TECHNOLOGIES INC
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

LIST OF TABLES
TABLE 1: NORTH AMERICA SMART AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: VENDOR SCORECARD
TABLE 4: NORTH AMERICA SMART AGRICULTURE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA SMART AGRICULTURE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA SMART AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA SMART AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA SMART AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA SMART AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA SMART AGRICULTURE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: NORTH AMERICA SMART AGRICULTURE MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 3: NORTH AMERICA SMART AGRICULTURE MARKET, BY PRECISION FARMING, 2022-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA SMART AGRICULTURE MARKET, BY LIVESTOCK MONITORING, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA SMART AGRICULTURE MARKET, BY PRECISION AQUACULTURE, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA SMART AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA SMART AGRICULTURE MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: NORTH AMERICA SMART AGRICULTURE MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA SMART AGRICULTURE MARKET, BY SOLUTION, 2021 & 2028 (IN %)
FIGURE 10: NORTH AMERICA SMART AGRICULTURE MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA SMART AGRICULTURE MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 12: NORTH AMERICA SMART AGRICULTURE MARKET, BY HVAC SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA SMART AGRICULTURE MARKET, BY LED GROW LIGHTS, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA SMART AGRICULTURE MARKET, BY VALVES & PUMPS, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA SMART AGRICULTURE MARKET, BY SENSORS & CONTROL SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA SMART AGRICULTURE MARKET, BY OTHER HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA SMART AGRICULTURE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA SMART AGRICULTURE MARKET, BY SOFTWARE, 2021 & 2028 (IN %)
FIGURE 19: NORTH AMERICA SMART AGRICULTURE MARKET, BY NETWORK MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA SMART AGRICULTURE MARKET, BY AGRICULTURE ASSET MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA SMART AGRICULTURE MARKET, BY SMART WATER MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA SMART AGRICULTURE MARKET, BY IRRIGATION MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA SMART AGRICULTURE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 24: NORTH AMERICA SMART AGRICULTURE MARKET, BY SERVICE, 2021 & 2028 (IN %)
FIGURE 25: NORTH AMERICA SMART AGRICULTURE MARKET, BY CONSULTING, 2022-2028 (IN $ MILLION)
FIGURE 26: NORTH AMERICA SMART AGRICULTURE MARKET, BY SYSTEM INTEGRATION & DEPLOYMENT, 2022-2028 (IN $ MILLION)
FIGURE 27: NORTH AMERICA SMART AGRICULTURE MARKET, BY SUPPORT & MAINTENANCE, 2022-2028 (IN $ MILLION)
FIGURE 28: NORTH AMERICA SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 29: NORTH AMERICA SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 30: NORTH AMERICA SMART AGRICULTURE MARKET, BY CELLULAR IOT, 2022-2028 (IN $ MILLION)
FIGURE 31: NORTH AMERICA SMART AGRICULTURE MARKET, BY LORA, 2022-2028 (IN $ MILLION)
FIGURE 32: NORTH AMERICA SMART AGRICULTURE MARKET, BY NB-IOT, 2022-2028 (IN $ MILLION)
FIGURE 33: NORTH AMERICA SMART AGRICULTURE MARKET, BY GLOBAL NAVIGATION SATELLITE SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 34: NORTH AMERICA SMART AGRICULTURE MARKET, BY WI-FI, 2022-2028 (IN $ MILLION)
FIGURE 35: NORTH AMERICA SMART AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2028 (IN $ MILLION)
FIGURE 36: NORTH AMERICA SMART AGRICULTURE MARKET, BY WIRELINE, 2022-2028 (IN $ MILLION)
FIGURE 37: NORTH AMERICA SMART AGRICULTURE MARKET, BY WIRELESS PERSONAL AREA NETWORK (WPAN), 2022-2028 (IN $ MILLION)
FIGURE 38: NORTH AMERICA SMART AGRICULTURE MARKET, BY OTHER CONNECTIVITY TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE 39: NORTH AMERICA SMART AGRICULTURE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 40: UNITED STATES SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: CANADA SMART AGRICULTURE MARKET 2022-2028 (IN $ MILLION)