Market Trends

1.Increasing partnerships with various entities Major companies in the market are focused on partnership and collaboration activities, in order to gain a competitive edge in the market. For instance, In November 2016, Trimble Navigation Ltd. partnered with Precision AG, Agrinetix, Géo-Pro, and Avidor High Tech France and KOREC in order to enhance its presence in the markets in North America and Europe.

2. Major investment by market players is another trend. Key players in the market are investing significantly in other ventures, in order to expand the market presence. For instance, In April 2016, SemiosBio Technologies Inc. received investment from Agtech community with the aid of Haywood Securities. This investment is expected to aid the company in broadening its presence and solution portfolio.


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Key Features

Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Smart Agriculture Market.

Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.


Key Developments

1. Major market players are focused on product launches, in order to enhance expand the product portfolio. For instance, in November 2019, Trimble Navigation Ltd. introduced precision agriculture solutions GFX-350 Display and NAV-500 Guidance Controller at Agritechnica 2019, Germany.

2. Key companies in the market are involved in mergers and acquisitions, in order to enhance the market presence. For instance, in August 2018, AgEagle Aerial Systems Inc., a provider of drone imagery data analysis, acquired Agribotix LLC.


Statistics:

North America held dominant position in the global Smart Agriculture Solution market in 2019, accounting for 51.9% share in terms of value, followed by Europe and Asia Pacific respectively.


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Detailed Componentation:


Market Segmentation

Global Smart Agriculture Market, By Component:
Hardware
 Sensor Monitoring System
 Smart Detection System
 GPS Enabled Ranging System
 Drones
Software
Service
 Climate Information Service
 Supply Chain Management Service
 Others(System Integration, Maintenance and Consulting Service)

Global Smart Agriculture Market, By Solution:
Automated Machinery Guidance Control
Tractor Collision and Obstacle Detection
Machinery Safety and Parameter Monitoring
Variable Rate Technology
Building and Premise Surveillance

Global Smart Agriculture Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa