Precision Agriculture, Precision Irrigation, and Vertical Farming Market

Edition 2018

Investment opportunities, untapped applications, impact of technology penetration, strategic business initiatives, competition assessment

Precision Agriculture – a smart way towards smart farming

Penetration of Internet of Things (IoT) in agriculture has dramatically transformed the conventional agriculture to connected agriculture.

Precision farming has attracted media attention recently due to high tech advancements in the field and penetration of disruptive technologies such as Internet of Things (IoT) and Artificial Intelligence (AI). Precision agriculture has transformed conventional farming methods to digital techniques with an aim to optimize the production, enhance quality, and conserve natural resources. The increasing population and need for more food have initiated the need for smart and highly advanced farming. This modern agricultural technique hold promises for future yield improvement and   profit earning. The precision farming involves the sensor integration, big data analysis, satellite navigation systems such as GPS, telematics, and software platforms. The advent of IoT has majorly simplified the process of modern farming. Though the cost associated with this technological farming is high, government and environmentalist are taking initiative by offering subsidies and undertaking new projects.  Moreover, the adoption of precision agriculture is driven by the sensor miniaturization, price falls and enhanced connectivity.  However, the data security and privacy issues, technically unskilled farmers, and unawareness about the Return on Investment (ROI) in rural areas have slow down the adoption of precision farming in many developing countries. United States is in the forefront of the precision farming market and countries with high population such as China and India hold high growth potential. Precision agriculture has also triggered the need for precision irrigation and works in accordance with each other. The major enabler factor for the growth of precision irrigation is the water conservation need. The sophisticate and systematic irrigation methods have the potential to use water in right place and right amount to prevent excessive water run-off. High tech irrigation equipment provider are strategizing their product for gaining maximum yield from less input resources. Vertical farming is another significant technology development in the field of agriculture. This technology is expected to solve the hunger problem of the growing population by upward farming. The vertical farming technology hold potential of yielding crops multiple times compared to traditional farming. However, the adoption of vertical farming is slow due to the lack of uniform farming practices, variable weather conditions, lack of crop varieties and unskilled labors.

Though precision farming, irrigation and vertical farming technologies have the prospective to change the future of agriculture, the players in this market are facing several challenges. M14 intelligence has researched this technology deeply and come up with the strategic solution of all the issues. Our comprehensive and exhaustive research study on Precision Agriculture, Precision Irrigation, and Vertical Farming helps you to identify the changing dynamics of agriculture industry, investment opportunities, future growth prospect, and strategic competition among the leading players.

The study on Precision Agriculture, Precision Irrigation, and Vertical Farming offers-

 

  • 1. The global market outlook and future prospect

  • 2. Penetration of IoT in Precision Agriculture, Precision Irrigation, and Vertical Farming

  • 3. The changing dynamics of the agriculture industry

  • 4. The current and future trends in Precision Agriculture, Precision Irrigation, and Vertical Farming industry and factors driving and restraining the market growth

  • 5. The government initiative and future projects

  • 6. Investment and other strategic initiatives by leading companies

  • 7. Insights from industry experts

  • 8. Excerpt of interviews with leading industry players

Report Highlights

Pages Analysis:

300+
Companies Analysed:

250+
Data Tables:

180+
Infograhs:

150+
Exclusive Interviews:

60+
Companies Profiled:

30+
Market Segmentation:

5 Level
Regions Analyzed:

5+
Countries Analysis:

10+

Quick Access

  1. What is the status of Precision Agriculture, Precision Irrigation, and Vertical Farming markets in 2016 & 2017? And how will it change in next 5 years?
  2. Which geographical region will be most favorable in deployment of Precision Agriculture, Precision Irrigation, and Vertical Farming technologies?
  3. What is penetration rate of Internet of Things (IoT) in these technologies? What are the other technologies penetrating in this industry?
  4. What are the government initiatives for the promotion of Precision Agriculture, Precision Irrigation, and Vertical Farming? How will it impact the future adoption rate?
  5. Which are the major investments in Precision Agriculture, Precision Irrigation, and Vertical Farming technologies?
  6. Which companies are the leading technology providers for and what are their future plans?
  7. What are the reasons for major acquisitions in the recent years and what will be their effect on future markets?
  8. What are the barriers in Precision Agriculture, Precision Irrigation, and Vertical Farming adoption?
  9. Which application will dominate the Precision Agriculture, Precision Irrigation, and Vertical Farming market and what will be the market share in the coming decade?
  10. What are the major factors driving the smart farming market in terms of market size, profitability, and technological deployments?
  11. Which are the strategies followed by technology providers?
  12. What are the trend, dynamics, market size and forecast of Precision Agriculture, Precision Irrigation, and Vertical Farming market?
  13. Which are the major recent partnerships, investments and acquisitions accelerating the market growth?
  14. How companies are gaining a competitive advantage over each other in the Precision Agriculture, Precision Irrigation, and Vertical Farming market?
  15. Which companies are the top R&D spenders in Precision Agriculture, Precision Irrigation, and Vertical Farming?

The report is a comprehensive, 360 degree look at the Precision Agriculture, Precision Irrigation, and Vertical Farming industry. This research study is an outcome of 12 months of desk research which includes extensive use of secondary research directories and databases. By interviewing the marketplace and leveraging M14 Emerging Technology Intelligence experience as a global thought leaders in payment technology and skills in forecasting and analysis, we are confident that we have constructed the most comprehensive and insightful research study on Precision Agriculture, Precision Irrigation, and Vertical Farming available in the market. The research methodology adopted for the study is based on the following outlined building blocks.

  1. Ecosystem analysis

This stage of research focuses on understanding, analyzing, and shortlisting leading players operating in the Precision Agriculture, Precision Irrigation, and Vertical Farming  industry – OEMs, Tier 1 Suppliers, Tier 2 Suppliers, and other Technology Providers (15+ – OEMS and 200+ Technology Providers Analyzed). The organic and inorganic growth strategies adopted by these players across the value chain are analyzed, which are product developments and launches, strategic partnerships, expansions, and mergers and acquisitions. This stage also includes the analysis of regulatory frameworks in place, safety ratings, and market readiness in different countries across all the major geographies

  1. Supply and demand side analysis

This stage of research focuses on identifying historical sales trend and estimating the future trend of sales demand. The supply and demand of components used in the Precision Agriculture, Precision Irrigation, and Vertical Farming and the timeline of the launch of products and services are also analyzed in this phase of the research.

  1. Technological analysis

Examining the different technological features and building blocks of Precision Agriculture, Precision Irrigation, and Vertical Farming available in the market is done in this phase of the research. The technology cost and sales model with the market impact is also critically analyzed in the technological analysis phase of the research.

  1. Estimation and forecast

With all sales data, adoption rates, market penetration rates, market trends, factors and future impacts available, the estimation and forecasting on this available data is conducted using proprietary trend tracking model.

  1. Validating and precision making

The validating of our research study and sourcing other related information is done by interviewing industry experts and company insiders along with the industry stakeholders. The information and data points sourced through interview process is approximately 40% of the total research process.

The report focuses on the below broader sections of the market –

  1. Changing dynamics of Precision Agriculture, Precision Irrigation, and Vertical Farming industry
    1. Major business and technological trends, key benefits, drivers, challenges, and opportunities
    2. Recent & Future trends in Precision Agriculture, Precision Irrigation, and Vertical Farming
    3. Investments & funding in Precision Agriculture, Precision Irrigation, and Vertical Farming market
    4. Rule and regulations, government policies and subsidies on Precision Agriculture, Precision Irrigation, and Vertical Farming technology
    5. Future Precision Agriculture, Precision Irrigation, and Vertical Farming projects & programs by leading companies
  2. Increasing competition in the market
    1. Supply and value chain of Precision Agriculture, Precision Irrigation, and Vertical Farming market
    2. Recent strategic developments and its impact
    3. Precision Agriculture, Precision Irrigation, and Vertical Farming companies & competition
    4. Biggest investors & R&D spenders
    5. Assessment of key players’ strategies
    6. Company profiles- Precision Agriculture, Precision Irrigation, and Vertical Farming
  3. Precision Agriculture, Precision Irrigation, and Vertical Farming market estimation and forecasts – Region and country level analysis

7 Regions Analyzed are – NAFTA, Western Europe, Asia Pacific, Central & South America, Eastern & Central Europe, Middle East and Africa

10+ Countries Analyzed – U.S., Canada, Germany, Japan, China, and U.K. among others

  1. Vertical Framing market size & share estimation and forecasts by growth mechanism (Aeroponics, hydroponics, and Aquaponics), by crop type (organic, fruits, vegetables, etc.), By sensors and components (lighting, climate control, hydroponic component)
  2. Precision Agriculture market size & share estimation and forecasts by technology (satellite navigation-GPS, GNSS,GIS, remote sensing, variable rate technology), by application (Yield monitoring, mapping, crop scouting, weather tracking, irrigation management, labor management)
  3. Precision irrigation market size & share estimation and forecasts by type of irrigation (Sprinkler, Drip, boom irrigation), by application (Crop, non-crop- parks, gardens, sport grounds)
  4. Precision Agriculture, Precision Irrigation, and Vertical Farming market estimation and forecasts by hardware and software platforms
  5. Key Player Analysis- key development and strategies adopted
Key Questions Report Answers
  1. What is the status of Precision Agriculture, Precision Irrigation, and Vertical Farming markets in 2016 & 2017? And how will it change in next 5 years?
  2. Which geographical region will be most favorable in deployment of Precision Agriculture, Precision Irrigation, and Vertical Farming technologies?
  3. What is penetration rate of Internet of Things (IoT) in these technologies? What are the other technologies penetrating in this industry?
  4. What are the government initiatives for the promotion of Precision Agriculture, Precision Irrigation, and Vertical Farming? How will it impact the future adoption rate?
  5. Which are the major investments in Precision Agriculture, Precision Irrigation, and Vertical Farming technologies?
  6. Which companies are the leading technology providers for and what are their future plans?
  7. What are the reasons for major acquisitions in the recent years and what will be their effect on future markets?
  8. What are the barriers in Precision Agriculture, Precision Irrigation, and Vertical Farming adoption?
  9. Which application will dominate the Precision Agriculture, Precision Irrigation, and Vertical Farming market and what will be the market share in the coming decade?
  10. What are the major factors driving the smart farming market in terms of market size, profitability, and technological deployments?
  11. Which are the strategies followed by technology providers?
  12. What are the trend, dynamics, market size and forecast of Precision Agriculture, Precision Irrigation, and Vertical Farming market?
  13. Which are the major recent partnerships, investments and acquisitions accelerating the market growth?
  14. How companies are gaining a competitive advantage over each other in the Precision Agriculture, Precision Irrigation, and Vertical Farming market?
  15. Which companies are the top R&D spenders in Precision Agriculture, Precision Irrigation, and Vertical Farming?
Research Methodology

The report is a comprehensive, 360 degree look at the Precision Agriculture, Precision Irrigation, and Vertical Farming industry. This research study is an outcome of 12 months of desk research which includes extensive use of secondary research directories and databases. By interviewing the marketplace and leveraging M14 Emerging Technology Intelligence experience as a global thought leaders in payment technology and skills in forecasting and analysis, we are confident that we have constructed the most comprehensive and insightful research study on Precision Agriculture, Precision Irrigation, and Vertical Farming available in the market. The research methodology adopted for the study is based on the following outlined building blocks.

  1. Ecosystem analysis

This stage of research focuses on understanding, analyzing, and shortlisting leading players operating in the Precision Agriculture, Precision Irrigation, and Vertical Farming  industry – OEMs, Tier 1 Suppliers, Tier 2 Suppliers, and other Technology Providers (15+ – OEMS and 200+ Technology Providers Analyzed). The organic and inorganic growth strategies adopted by these players across the value chain are analyzed, which are product developments and launches, strategic partnerships, expansions, and mergers and acquisitions. This stage also includes the analysis of regulatory frameworks in place, safety ratings, and market readiness in different countries across all the major geographies

  1. Supply and demand side analysis

This stage of research focuses on identifying historical sales trend and estimating the future trend of sales demand. The supply and demand of components used in the Precision Agriculture, Precision Irrigation, and Vertical Farming and the timeline of the launch of products and services are also analyzed in this phase of the research.

  1. Technological analysis

Examining the different technological features and building blocks of Precision Agriculture, Precision Irrigation, and Vertical Farming available in the market is done in this phase of the research. The technology cost and sales model with the market impact is also critically analyzed in the technological analysis phase of the research.

  1. Estimation and forecast

With all sales data, adoption rates, market penetration rates, market trends, factors and future impacts available, the estimation and forecasting on this available data is conducted using proprietary trend tracking model.

  1. Validating and precision making

The validating of our research study and sourcing other related information is done by interviewing industry experts and company insiders along with the industry stakeholders. The information and data points sourced through interview process is approximately 40% of the total research process.

Scope and Coverage

The report focuses on the below broader sections of the market –

  1. Changing dynamics of Precision Agriculture, Precision Irrigation, and Vertical Farming industry
    1. Major business and technological trends, key benefits, drivers, challenges, and opportunities
    2. Recent & Future trends in Precision Agriculture, Precision Irrigation, and Vertical Farming
    3. Investments & funding in Precision Agriculture, Precision Irrigation, and Vertical Farming market
    4. Rule and regulations, government policies and subsidies on Precision Agriculture, Precision Irrigation, and Vertical Farming technology
    5. Future Precision Agriculture, Precision Irrigation, and Vertical Farming projects & programs by leading companies
  2. Increasing competition in the market
    1. Supply and value chain of Precision Agriculture, Precision Irrigation, and Vertical Farming market
    2. Recent strategic developments and its impact
    3. Precision Agriculture, Precision Irrigation, and Vertical Farming companies & competition
    4. Biggest investors & R&D spenders
    5. Assessment of key players’ strategies
    6. Company profiles- Precision Agriculture, Precision Irrigation, and Vertical Farming
  3. Precision Agriculture, Precision Irrigation, and Vertical Farming market estimation and forecasts – Region and country level analysis

7 Regions Analyzed are – NAFTA, Western Europe, Asia Pacific, Central & South America, Eastern & Central Europe, Middle East and Africa

10+ Countries Analyzed – U.S., Canada, Germany, Japan, China, and U.K. among others

  1. Vertical Framing market size & share estimation and forecasts by growth mechanism (Aeroponics, hydroponics, and Aquaponics), by crop type (organic, fruits, vegetables, etc.), By sensors and components (lighting, climate control, hydroponic component)
  2. Precision Agriculture market size & share estimation and forecasts by technology (satellite navigation-GPS, GNSS,GIS, remote sensing, variable rate technology), by application (Yield monitoring, mapping, crop scouting, weather tracking, irrigation management, labor management)
  3. Precision irrigation market size & share estimation and forecasts by type of irrigation (Sprinkler, Drip, boom irrigation), by application (Crop, non-crop- parks, gardens, sport grounds)
  4. Precision Agriculture, Precision Irrigation, and Vertical Farming market estimation and forecasts by hardware and software platforms
  5. Key Player Analysis- key development and strategies adopted

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