ASIA-PACIFIC SMART AGRICULTURE MARKET FORECAST 2022-2030
The Asia-Pacific smart agriculture market is expected to register a CAGR of 11.72% during the forecast period, 2022-2030, and is set to reach a revenue of $8494.06 million by 2030.
ASIA-PACIFIC SMART AGRICULTURE MARKET FORECAST 2022-2030
Asia-Pacific Smart Agriculture Market by Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Smart Greenhouse) Market by Component (Solution, Service, Connectivity Technology) by Geography
The Asia-Pacific smart agriculture market is expected to register a CAGR of 11.72% during the forecast period, 2022-2030, and is set to reach a revenue of $8494.06 million by 2030.
The smart agriculture market growth in Asia-Pacific is attributed to the increasing adoption of smart agriculture, given the rising disposable income and fast-paced technological innovations. Also, Asia-Pacific is an emerging smart agriculture market with lucrative opportunities for market players. In addition, the region benefits from the presence of fast-growing economies and urbanization.
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However, the smart agriculture market growth in Asia-Pacific is hindered by low adoption rates in countries like the Philippines, Indonesia, India, Malaysia, etc., due to cost restraints.
The Asia-Pacific smart agriculture market growth assessment includes the analysis of Japan, Australia & New Zealand, Thailand, China, India, Indonesia, South Korea, and Rest of Asia-Pacific. China is a leader in agricultural production and technological innovations. Accordingly, the country produces cost-effective farming equipment alternatives. Also, there is a growing demand for smarter agricultural solutions, given the significantly declining agricultural manual labor, pesticide-free food initiatives, and growing urban awareness.
Moreover, the government encourages technical advancements. For instance, in 2020, the government announced a $1.4 trillion investment for five years under the ‘Made in China’ program. This will help the nationwide deployment of 5G infrastructure, further impacting the general adoption of smart agriculture technologies. Additionally, on 16th August 2022, the Chinese Academy of Agricultural Sciences (CAAS) initiated a statewide initiative to advance technological and scientific developments in agricultural machinery and equipment.
In South Korea, industrialization led to the marginalization of agriculture, resulting in minimized investments in the nation’s agriculture. According to the World Bank estimates, the country’s agricultural sector constituted just 1.76% of the 2020 GDP, a 9.94% decrease from its share in 1960. At the same time, the government has launched farming policies and programs attributed to the vast adoption of ICT in agriculture and its benefits. In addition, the government aims to construct sizable smart farm complexes and encourage its young population to develop an inclination toward farming through training programs.
The Asia-Pacific smart agriculture market segmentation includes type and component. The component segment includes connectivity technology, service, and solution. The service segment is further sub-segmented into support and maintenance, system integration and deployment, and consulting.
Support & maintenance services encompass managing and tracking concerns efficiently with optimized performance and personalized assistance management. Smart agriculture needs constant upgrades for the uninterrupted functioning of agriculture automation, leading to increased demand for these services. Besides, these services majorly include software updates and technical support for smart agriculture.
System integration and deployment services facilitate the delivery of connected and combined solutions for smart agriculture that aid companies in bringing new products, minimizing operating costs, and enhancing consumer service.
Consulting services include online and on-site consulting. They involve educating farmers on using varied farming technologies to improve the yielding process. Also, they aid farmers in deciding the next steps for their farm operations and help use data for low-cost crop production.
Some of the leading companies operating in the Asia-Pacific smart agriculture market include The Climate Corporation (Bayer AG), Trimble Inc, SemiosBio Technologies Inc, Topcon Positioning Systems Inc, etc.
Trimble Inc provides technology solutions that enable field mobile workers and professionals to transform or improve their work processes. It offers surveying instruments, satellite navigation systems, data collection systems, agricultural and construction equipment, etc. The company serves sectors like government, natural resources, environmental management, construction, geospatial, survey & mapping, etc. The company has a business presence in New Zealand, China, India, Finland, Sweden, the Us, Canada, etc., with headquarters in Sunnyvale, California, the US.
Report Synopsis
|
Report Scope |
Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Type, Component |
| Countries Analyzed | Japan, Australia & New Zealand, Thailand, China, India, Indonesia, South Korea, and Rest of Asia-Pacific |
| Companies Analyzed |
Afimilk Ltd, AGCO Corporation, AgEagle Aerial Systems Inc, AgJunction, Aker Technologies Inc, AKVA, Deere & Company, DeLaval, InnovaSea Systems Inc, LumiGrow Inc, MSD Animal Health (Merck & Co), Raven Industries, SemiosBio Technologies Inc, The Climate Corporation (Bayer AG), Topcon Positioning Systems Inc, Trimble Inc |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- GROWING POPULARITY OF AUTOMATION IN AGRICULTURE
- EXPANSION OF CORPORATE FARMING WORLDWIDE
- ADVANCEMENTS AND INNOVATIONS IN AGRICULTURAL TECHNOLOGY
- FAVORABLE GOVERNMENT INITIATIVES
- KEY RESTRAINTS
- HIGH COSTS OF MODERN AGRICULTURAL EQUIPMENT
- LACK OF SKILLED OPERATORS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON SMART AGRICULTURE MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY BUYING CRITERIA
- DATA ANALYSIS
- CONNECTIVITY
- DATA SECURITY
- DATA COLLECTION FREQUENCY
- REGULATORY FRAMEWORK
- MARKET BY TYPE
- PRECISION FARMING
- LIVESTOCK MONITORING
- PRECISION AQUACULTURE
- SMART GREENHOUSE
- MARKET BY COMPONENT
- SOLUTION
- HARDWARE
- HVAC SYSTEMS
- LED GROW LIGHTS
- VALVES & PUMPS
- SENSORS & CONTROL SYSTEMS
- OTHER HARDWARE
- SOFTWARE
- NETWORK MANAGEMENT
- AGRICULTURE ASSET MANAGEMENT
- SMART WATER MANAGEMENT
- IRRIGATION MANAGEMENT
- SERVICE
- CONSULTING
- SYSTEM INTEGRATION AND DEPLOYMENT
- SUPPORT AND MAINTENANCE
- CONNECTIVITY TECHNOLOGY
- CELLULAR IOT
- LORA
- NB-IOT
- GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)
- WI-FI
- SIGFOX
- WIRELINE
- WIRELESS PERSONAL AREA NETWORK (WPAN)
- OTHER CONNECTIVITY TECHNOLOGIES
- HARDWARE
- SOLUTION
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- AFIMILK LTD
- AGCO CORPORATION
- AGEAGLE AERIAL SYSTEMS INC
- AGJUNCTION
- AKER TECHNOLOGIES INC
- AKVA
- DEERE & COMPANY
- DELAVAL
- INNOVASEA SYSTEMS INC
- LUMIGROW INC
- MSD ANIMAL HEALTH (MERCK & CO)
- RAVEN INDUSTRIES
- SEMIOSBIO TECHNOLOGIES INC
- THE CLIMATE CORPORATION (BAYER AG)
- TOPCON POSITIONING SYSTEMS INC
- TRIMBLE INC
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – SMART AGRICULTURE
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOLUTION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOLUTION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOFTWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SERVICE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 19: LEADING PLAYERS OPERATING IN ASIA-PACIFIC SMART AGRICULTURE MARKET
TABLE 20: LIST OF MERGERS & ACQUISITIONS
TABLE 21: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 22: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 7: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY PRECISION FARMING, 2022-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY LIVESTOCK MONITORING, 2022-2030 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY PRECISION AQUACULTURE, 2022-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 12: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOLUTION, 2022-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY SOLUTION, IN 2021
FIGURE 14: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 16: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY HVAC SYSTEMS, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY LED GROW LIGHTS, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY VALVES & PUMPS, 2022-2030 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SENSORS & CONTROL SYSTEMS, 2022-2030 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY OTHER HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2021
FIGURE 23: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY NETWORK MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY AGRICULTURE ASSET MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SMART WATER MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY IRRIGATION MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SERVICE, 2022-2030 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2021
FIGURE 29: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONSULTING, 2022-2030 (IN $ MILLION)
FIGURE 30: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SYSTEM INTEGRATION AND DEPLOYMENT, 2022-2030 (IN $ MILLION)
FIGURE 31: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SUPPORT AND MAINTENANCE, 2022-2030 (IN $ MILLION)
FIGURE 32: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2030 (IN $ MILLION)
FIGURE 33: ASIA-PACIFIC SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY CONNECTIVITY TECHNOLOGY, IN 2021
FIGURE 34: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY CELLULAR IOT, 2022-2030 (IN $ MILLION)
FIGURE 35: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY LORA, 2022-2030 (IN $ MILLION)
FIGURE 36: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY NB-IOT, 2022-2030 (IN $ MILLION)
FIGURE 37: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS), 2022-2030 (IN $ MILLION)
FIGURE 38: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY WI-FI, 2022-2030 (IN $ MILLION)
FIGURE 39: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY SIGFOX, 2022-2030 (IN $ MILLION)
FIGURE 40: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY WIRELINE, 2022-2030 (IN $ MILLION)
FIGURE 41: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY WIRELESS PERSONAL AREA NETWORK (WPAN), 2022-2030 (IN $ MILLION)
FIGURE 42: ASIA-PACIFIC SMART AGRICULTURE MARKET, BY OTHER CONNECTIVITY TECHNOLOGIES, 2022-2030 (IN $ MILLION)
FIGURE 43: ASIA-PACIFIC SMART AGRICULTURE MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)
FIGURE 44: CHINA SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 45: JAPAN SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 46: INDIA SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 47: SOUTH KOREA SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 48: INDONESIA SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 49: THAILAND SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 50: AUSTRALIA & NEW ZEALAND SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 51: REST OF ASIA-PACIFIC SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- MARKET BY TYPE
- PRECISION FARMING
- LIVESTOCK MONITORING
- PRECISION AQUACULTURE
- SMART GREENHOUSE
- MARKET BY COMPONENT
- SOLUTION
- HARDWARE
- HVAC SYSTEMS
- LED GROW LIGHTS
- VALVES & PUMPS
- SENSORS & CONTROL SYSTEMS
- OTHER HARDWARE
- SOFTWARE
- NETWORK MANAGEMENT
- AGRICULTURE ASSET MANAGEMENT
- SMART WATER MANAGEMENT
- IRRIGATION MANAGEMENT
- SERVICE
- CONSULTING
- SYSTEM INTEGRATION AND DEPLOYMENT
- SUPPORT AND MAINTENANCE
- CONNECTIVITY TECHNOLOGY
- CELLULAR IOT
- LORA
- NB-IOT
- GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)
- WI-FI
- SIGFOX
- WIRELINE
- WIRELESS PERSONAL AREA NETWORK (WPAN)
- OTHER CONNECTIVITY TECHNOLOGIES
- HARDWARE
- SOLUTION
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