The Europe smart agriculture market is predicted to record a CAGR of 9.56% during the forecast period, 2022-2030, and is estimated to garner a revenue of $7932.42 million by 2030.
EUROPE SMART AGRICULTURE MARKET FORECAST 2022-2030
Europe Smart Agriculture Market by Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Smart Greenhouse) Market by Component (Solution, Service, Connectivity Technology) by Geography
The Europe smart agriculture market is predicted to record a CAGR of 9.56% during the forecast period, 2022-2030, and is estimated to garner a revenue of $7932.42 million by 2030.
Europe is a pioneer in digital technology with a mature commercial and industrial environment. Also, several member countries in the European Union (EU) have focused on modernizing farms, given the climate change concerns. Accordingly, many nations are assisting farmers in raising food production using fewer resources. For instance, the Horizon Europe program has kindled research and development to transition to inclusive, sustainable, and healthy food systems.
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In addition, the integration of digital solutions in the agricultural sector was among the Horizon projects funded by the European Commission. Such factors propel the Europe smart agriculture market growth. However, rural abandonment and the loss of rural heritage hinder the market growth.
The Europe smart agriculture market growth evaluation includes the analysis of Italy, Germany, Poland, Netherlands, Spain, France, the United Kingdom, and Rest of Europe. The UK imports more than 46% of the food it consumes, as per the International Trade Administration. Also, it relies on the agriculture industry and imports to feed its population and ensure economic growth. In addition, the country has witnessed a seasonal worker shortage, with producers having only 25% of the staff required to harvest crops. Accordingly, smart agriculture methods are deployed to tackle such obstacles. Moreover, government investments in new projects, analytics, robots, and sensors, will facilitate farmers in deploying Industry technology to regulate pollution, raise food production, and minimize waste.
France is among the fastest-growing countries in Europe with regard to smart agriculture due to favorable initiatives promoting high-tech innovations. Also, it is one of Europe’s biggest agricultural producers, constituting around 30% of the region’s agricultural production. In addition, farmers are granted subsidies for agriculture, including animal farming.
Besides, the agriculture industry has a huge scope for improvement through digitization, with around 90% of the land being fertile. Moreover, the analyzed market has lucrative growth opportunities in the country due to agrotechnology, also called ‘Agri-Tech,’ gaining popularity across farms to enhance profitability, yield, and efficiency. This has further led serval start-ups to hone robots, software, drones, satellites, artificial intelligence, etc., with regard to agriculture.
The segmentation analysis of the Europe smart agriculture market includes component and type. The component segment includes service, solution, and connectivity technology. The connectivity technology segment is further sub-segmented into Sigfox, global navigation satellite system (GNSS), NB-IoT, wireless personal area network (WPAN), Wi-Fi, LoRa, wireline, cellular IoT, and other connectivity technologies.
Cellular IoT in smart agriculture is the connectivity of IoT devices, sensors, and smartphones through a centralized private network without creating a house of different private networks. It encompasses 2G, 3G, 4G, and 5G, which possess capabilities to operate efficiently over long ranges, due to which it is vastly used in smart agriculture.
LoRa technology is a low-power, long-range wireless technology that utilizes low-cost sensors to send data from the farm to the cloud. Also, this data can be analyzed to enhance operations. It is based on spread spectrum modulation techniques derived from chip spread spectrum (CSS) technology.
Some of the eminent companies in the Europe smart agriculture market include AgEagle Aerial Systems Inc, AgJunction, Aker Technologies Inc, AKVA, etc.
AKVA installs, sells, assembles, manufactures, purchases, and designs technology products. Also, it offers rental and consulting services for the aquaculture industry. It operates through three segments, land-based technology, digital, and sea-based technology (SBT). The company is headquartered in Klepp, Norway.
One of its key products includes the AKVAconnect, the software platform that offers the breeder optimal control over fish farm operations and integration of machines and sensors.
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 | Italy, Germany, Poland, Netherlands, Spain, France, the United Kingdom, and Rest of Europe |
| 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
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- SPAIN
- ITALY
- NETHERLANDS
- POLAND
- REST OF EUROPE
- EUROPE
- 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: EUROPE SMART AGRICULTURE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: EUROPE SMART AGRICULTURE MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: EUROPE SMART AGRICULTURE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: EUROPE SMART AGRICULTURE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: EUROPE SMART AGRICULTURE MARKET, BY SOLUTION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: EUROPE SMART AGRICULTURE MARKET, BY SOLUTION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: EUROPE SMART AGRICULTURE MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: EUROPE SMART AGRICULTURE MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: EUROPE SMART AGRICULTURE MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: EUROPE SMART AGRICULTURE MARKET, BY SOFTWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: EUROPE SMART AGRICULTURE MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: EUROPE SMART AGRICULTURE MARKET, BY SERVICE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: EUROPE SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 16: EUROPE SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 17: EUROPE SMART AGRICULTURE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 18: EUROPE SMART AGRICULTURE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 19: LEADING PLAYERS OPERATING IN EUROPE 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: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 7: EUROPE SMART AGRICULTURE MARKET, BY PRECISION FARMING, 2022-2030 (IN $ MILLION)
FIGURE 8: EUROPE SMART AGRICULTURE MARKET, BY LIVESTOCK MONITORING, 2022-2030 (IN $ MILLION)
FIGURE 9: EUROPE SMART AGRICULTURE MARKET, BY PRECISION AQUACULTURE, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE SMART AGRICULTURE MARKET, BY SMART GREENHOUSE, 2022-2030 (IN $ MILLION)
FIGURE 11: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 12: EUROPE SMART AGRICULTURE MARKET, BY SOLUTION, 2022-2030 (IN $ MILLION)
FIGURE 13: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY SOLUTION, IN 2021
FIGURE 14: EUROPE SMART AGRICULTURE MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 16: EUROPE SMART AGRICULTURE MARKET, BY HVAC SYSTEMS, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE SMART AGRICULTURE MARKET, BY LED GROW LIGHTS, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE SMART AGRICULTURE MARKET, BY VALVES & PUMPS, 2022-2030 (IN $ MILLION)
FIGURE 19: EUROPE SMART AGRICULTURE MARKET, BY SENSORS & CONTROL SYSTEMS, 2022-2030 (IN $ MILLION)
FIGURE 20: EUROPE SMART AGRICULTURE MARKET, BY OTHER HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 21: EUROPE SMART AGRICULTURE MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 22: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2021
FIGURE 23: EUROPE SMART AGRICULTURE MARKET, BY NETWORK MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 24: EUROPE SMART AGRICULTURE MARKET, BY AGRICULTURE ASSET MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 25: EUROPE SMART AGRICULTURE MARKET, BY SMART WATER MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 26: EUROPE SMART AGRICULTURE MARKET, BY IRRIGATION MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 27: EUROPE SMART AGRICULTURE MARKET, BY SERVICE, 2022-2030 (IN $ MILLION)
FIGURE 28: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2021
FIGURE 29: EUROPE SMART AGRICULTURE MARKET, BY CONSULTING, 2022-2030 (IN $ MILLION)
FIGURE 30: EUROPE SMART AGRICULTURE MARKET, BY SYSTEM INTEGRATION AND DEPLOYMENT, 2022-2030 (IN $ MILLION)
FIGURE 31: EUROPE SMART AGRICULTURE MARKET, BY SUPPORT AND MAINTENANCE, 2022-2030 (IN $ MILLION)
FIGURE 32: EUROPE SMART AGRICULTURE MARKET, BY CONNECTIVITY TECHNOLOGY, 2022-2030 (IN $ MILLION)
FIGURE 33: EUROPE SMART AGRICULTURE MARKET, GROWTH POTENTIAL, BY CONNECTIVITY TECHNOLOGY, IN 2021
FIGURE 34: EUROPE SMART AGRICULTURE MARKET, BY CELLULAR IOT, 2022-2030 (IN $ MILLION)
FIGURE 35: EUROPE SMART AGRICULTURE MARKET, BY LORA, 2022-2030 (IN $ MILLION)
FIGURE 36: EUROPE SMART AGRICULTURE MARKET, BY NB-IOT, 2022-2030 (IN $ MILLION)
FIGURE 37: EUROPE SMART AGRICULTURE MARKET, BY GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS), 2022-2030 (IN $ MILLION)
FIGURE 38: EUROPE SMART AGRICULTURE MARKET, BY WI-FI, 2022-2030 (IN $ MILLION)
FIGURE 39: EUROPE SMART AGRICULTURE MARKET, BY SIGFOX, 2022-2030 (IN $ MILLION)
FIGURE 40: EUROPE SMART AGRICULTURE MARKET, BY WIRELINE, 2022-2030 (IN $ MILLION)
FIGURE 41: EUROPE SMART AGRICULTURE MARKET, BY WIRELESS PERSONAL AREA NETWORK (WPAN), 2022-2030 (IN $ MILLION)
FIGURE 42: EUROPE SMART AGRICULTURE MARKET, BY OTHER CONNECTIVITY TECHNOLOGIES, 2022-2030 (IN $ MILLION)
FIGURE 43: EUROPE SMART AGRICULTURE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 44: UNITED KINGDOM SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 45: GERMANY SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 46: FRANCE SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 47: SPAIN SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 48: ITALY SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 49: NETHERLANDS SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 50: POLAND SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 51: REST OF EUROPE SMART AGRICULTURE MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- SPAIN
- ITALY
- NETHERLANDS
- POLAND
- REST OF EUROPE
- EUROPE
- 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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