Exclusive special offer and discount title banner vector image

ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Agriculture Technology as a Service Market by Technology (Data Analytics & Intelligence, Guidance Technology, Sensing Technology, Variable Rate Application Technology, Other Technologies) Market by Type (Software as a Service, Equipment as a Service) Market by Application (Yield Mapping and Monitoring, Soil Management, Crop Health Management, Navigation and Positioning, Other Applications) by Geography


MARKET OVERVIEW

The Asia-Pacific Agriculture Technology as a Service market is expected to grow with a CAGR of 19.09% over the forecasting period of 2023 to 2032. The market is projected to reach a revenue of $2252.15 million by 2032.

The AsiaPacific region is experiencing significant expansion in the Agriculture Technology as a Service market, offering notable opportunities for businesses operating in the global agricultural industry. This growth is predominantly supported by the presence of rapidly growing economies in the region. Moreover, the market in Asia-Pacific is expected to witness strong growth over the upcoming years, mainly driven by increasing urbanization and rising government support for the adoption of modern agricultural technologies.

Asia-Pacific Agriculture Technology As A Service Market

To Know More About This Report, Request a Free Sample Copy

The Asia-Pacific Agriculture Technology as a Service market growth assessment covers a detailed study of China, Japan, India, South Korea, Indonesia, Thailand, Australia & New Zealand, and Rest of Asia-Pacific. China’s government is actively promoting technological advancements and innovation, evident through various incentives, awards, and investments. As part of the ‘Made in China 2025’ initiative, the nation’s government pledged a substantial investment of $1.4 trillion over five years, beginning in 2020. This investment is set to play a crucial role in the widespread deployment of 5G infrastructure, a development that will have a profound impact on the adoption of Agriculture Technology as a Service (ATaaS) solutions. Moreover, the World Bank Group, in March 2022, announced a $320 million loan to support environmentally friendly agricultural practices and rural development in China’s southwest. This initiative aims to address key challenges such as reducing agricultural greenhouse gas emissions, promoting biodiversity protection and welfare, and minimizing agricultural plastic pollution.

In addition, the automation of vertical farming in Japan is driven by environmental degradation and an aging farming population. Agriculture Technology as a Service in the country is expected to grow through the use of AI in harvest computation, data analysis and remote management of growing areas. In recent years, various agricultural robots have been used in Japan, including autonomous drones for pest control and robots that manage tea plantations and weed rice fields. Future research and development efforts will increasingly focus on coordinated control of small robots. In Japan, this method is very useful for small farms. Additionally, research has been conducted on smart agriculture using 5G and AI. Robots operating in agricultural facilities or harvesting at home have also been deployed and are set to gain traction in the forthcoming years.

The Asia-Pacific Agriculture Technology as a Service market is segmented into technology, type, and application. The application segment includes yield mapping and monitoring, soil management, crop health management, navigation and positioning, and other applications. Yield monitoring and mapping is a process of collecting geo-referenced data and other relevant information about crop productivity to help users reduce potential threats and boost viable economic opportunities. This type of precision agriculture service creates yield maps that provide information about spatial variation and support management decisions for producers.

Leading players operating in the Asia-Pacific Agriculture Technology as a Service market include Topcon Corporation, Fujitsu Ltd, Microsoft Corporation, etc. 

Topcon Corporation, headquartered in Japan, is a producer and supplier of eye care products, as well as positioning and smart infrastructure solutions. The company’s eye care products include three three-dimensional (3D) optical coherence tomography system, tonometer, specular microscope, ophthalmic digital image filing, auto refracto/kerato meter, vision tester, lensmeter/analyzer, chart projector, laser photocoagulator, and operation microscope.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($Million)
Segments Analyzed
Technology, Type, and Application
Countries AnalyzedChina, Japan, India, South Korea, Indonesia, Thailand, Australia & New Zealand, and Rest of Asia-Pacific
Companies AnalyzedAccenture, Agco Corporation, Agrivi Ltd, Airbus SAS, AT&T, Ceres Imaging, CLAAS KGaA mbH, Deere & Company, Fujitsu, Hexagon AB, IBM Corporation, Microsoft Corporation, Raven Industries (Acquired by CNH Industrial NV), Topcon Corporation, Trimble Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS 
      1. AUTOMATION IS BECOMING AN INTEGRAL PART OF THE AGRICULTURAL SECTOR
      2. RISE OF CORPORATE FARMING IN THE REGION
      3. CONCERNS REGARDING DATA PRIVACY AND DATA OWNERSHIP
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASED DEMAND FOR FOOD PRODUCTION
      2. ECONOMIC NECESSITY OF PRECISION AGRICULTURE
      3. NEED FOR MINIMAL CAPITAL INVESTMENT
      4. INNOVATION AND TECHNOLOGICAL ADVANCEMENTS IN AGRICULTURE
    2. KEY RESTRAINTS
      1. LACK OF TECHNICAL EXPERTISE AMONG FARMERS
      2. POOR CONNECTIVITY IMPACTS TECHNOLOGICAL SERVICES
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
    5. KEY BUYING CRITERIA
      1. DATA ANALYSIS
      2. CONNECTIVITY
      3. DATA SECURITY
      4. DATA COLLECTION FREQUENCY
  5. MARKET BY TECHNOLOGY
    1. DATA ANALYTICS & INTELLIGENCE
    2. GUIDANCE TECHNOLOGY
    3. SENSING TECHNOLOGY
    4. VARIABLE RATE APPLICATION TECHNOLOGY
    5. OTHER TECHNOLOGIES
  6. MARKET BY TYPE
    1. SOFTWARE AS A SERVICE (SAAS)
    2. EQUIPMENT AS A SERVICE (EAAS)
  7. MARKET BY APPLICATION
    1. YIELD MAPPING AND MONITORING
    2. SOIL MANAGEMENT
    3. CROP HEALTH MANAGEMENT
    4. NAVIGATION AND POSITIONING
    5. OTHER APPLICATIONS
  8. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET DRIVERS
      3. ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        5. THAILAND
          1. THAILAND AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        6. INDONESIA
          1. INDONESIA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        7. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
        8. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS AND AGREEMENTS
      3. MERGERS & ACQUISITIONS
    2. COMPANY PROFILES
      1. ACCENTURE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. AGCO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. AIRBUS SAS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. AT&T
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. CERES IMAGING
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      6. CLAAS KGAA MBH
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. DEERE & COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. FUJITSU
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      9. HEXAGON AB
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      10. IBM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES 
      11. MICROSOFT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      12. RAVEN INDUSTRIES (ACQUIRED BY CNH INDUSTRIAL NV)
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      13. TOPCON CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      14. TRIMBLE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – AGRICULTURE TECHNOLOGY AS A SERVICE

TABLE 2: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: LEADING PLAYERS OPERATING IN ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS AND AGREEMENTS

TABLE 13: LIST OF MERGERS & ACQUISITIONS

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 7: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY DATA ANALYTICS & INTELLIGENCE, 2023-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY GUIDANCE TECHNOLOGY, 2023-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SENSING TECHNOLOGY, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY VARIABLE RATE APPLICATION TECHNOLOGY, 2023-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 13: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOFTWARE AS A SERVICE (SAAS), 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY EQUIPMENT AS A SERVICE (EAAS), 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 16: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY YIELD MAPPING AND MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY SOIL MANAGEMENT, 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY CROP HEALTH MANAGEMENT, 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY NAVIGATION AND POSITIONING, 2023-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 22: CHINA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: JAPAN AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: INDIA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: SOUTH KOREA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: THAILAND AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: INDONESIA AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: AUSTRALIA & NEW ZEALAND AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: REST OF ASIA-PACIFIC AGRICULTURE TECHNOLOGY AS A SERVICE MARKET, 2023-2032 (IN $ MILLION)

FAQ’s