IoT is Implemented in Various Applications; Precision Farming, Livestock Monitoring, Precision Aquaculture, Smart Greenhouse

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MarketsandMarkets Presents

IoT is Implemented in Various Applications
Precision Farming, Livestock Monitoring,
Precision Aquaculture, Smart Greenhouse Agricultu
re IoT Market with COVID-19 Impact Analysis by
Hardware, Application (Precision Farming,
Precision Forestry, Precision Livestock,
Precision Aquaculture, Smart Greenhouse), Farm
Size, Production Stage, and Geography - Global
Forecast to 2026 https//www.marketsandmarkets.co
m/Market-Reports/iot-in-agriculture-market-1995649
03.html
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According to the new market research
report "Agriculture IoT Market with COVID-19
Impact Analysis by Hardware, Application
(Precision Farming, Precision Forestry, Precision
Livestock, Precision Aquaculture, Smart
Greenhouse), Farm Size, Production Stage, and
Geography - Global Forecast to 2026", published
by MarketsandMarkets, the global Agriculture IoT
Market is estimated to grow from USD 11.4
billion in 2021 to USD 18.1 billion by 2026 at a
CAGR of 9.8 during 20212026. The growth of the
agriculture IoT market is driven by factors such
as increasing adoption of the Internet of Things
(IoT) and artificial intelligence (AI) by farmers
and growers, growing focus on livestock
monitoring and disease detection, high demand for
fresh produce, population growth, loss of arable
land, surging adoption of aquaculture monitoring
and feed optimization devices in developing
countries, and strong government support for
precision farming practices. The advent of
advanced technologies such as guidance systems,
variable rate technology, IoT, AI, and remote
sensing has transformed the agriculture industry
into a technologically intense and data-rich
industry. Smart agriculture technologies assist
in increasing profitability, improving
sustainability, protecting the environment, and
minimizing the consumption of resources such as
water, fertilizers, and energy. IoT is
implemented in various applications, including
precision farming, livestock monitoring,
precision aquaculture, smart greenhouse, and
precision forestry. Browse 234 market data
Tables and 83 Figures spread through 334 Pages
and in-depth TOC on "Agriculture IoT Market with
COVID-19 Impact Analysis - Global Forecast to
2026"
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The production planning stage segment to hold
the largest market share in 2026 The production
planning stage segment of the agriculture IoT
market is estimated to register the largest
market share in 2026, by farm production planning
stage. In the production stage, farmers must
monitor crops, equipment performance, and
production processes, like the feeding of
livestock and fish, to ensure that productivity
is maximized and costs are reduced. Soil and crop
monitoring, feeding management of livestock and
fish, silviculture and fire management,
harvesting management in precision forestry,
equipment monitoring, and financial planning
processes are the major constituents of this
stage. Ask PDF Brochure https//www.marketsandma
rkets.com/pdfdownloadNew.asp?id199564903 The
precision aquaculture application segment to
register higher CAGR during the forecast period 
  The precision aquaculture application segment
is projected to register the higher CAGR during
the forecast period, by application. Precision
aquaculture aims at optimizing the efficiency of
farms and the effective implementation of
operational activities such as feed planning and
yield measurement. Factors contributing towards
the growth of the segment are the increasing
adoption of advanced technologies such as IoT, AI
and machine learning in aquaculture equipment and
tools, and the growing demand for protein-rich
aqua food products.
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The automation and control systems for the
precision farming hardware segment to hold the
largest market share in 2026 The automation and
control systems for the precision farming
hardware segment of the agriculture IoT market is
estimated to register the largest market share in
2026, by hardware type. Precision farming
hardware devices and tools helps in managing
variations in the field to grow more crops using
fewer resources and reducing production cost. The
increasing adoption of automation and control
devices such as GPS/GNSS, irrigation controllers,
and guidance and steering systems is expected to
drive the market for automation and control
systems. Request Free Sample Pages https//www.m
arketsandmarkets.com/requestsampleNew.asp?id19956
4903 The small farm segment to register higher
CAGR during the forecast period  The agriculture
IoT market for small farm segment is projected to
register the higher CAGR during the forecast
period, by farm size. As small farms hold small
herd size, which is monitored and managed by farm
owners themselves, the adoption of livestock
monitoring solutions is low in these farms.
However, with the increasing awareness and
government initiatives related to the well-being
of farm animals are expected to increase the
implementation of monitoring solutions for
livestock management applications in small farms.
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North America to hold the largest market share in
2020 North America accounted for the largest
share of the agriculture IoT market in 2020.
Farmers or growers in the Americas are
increasingly adopting advanced farming equipment
such as steering and guidance systems, sensors,
GPS trackers, smart irrigation systems, display
devices, and farm management software, which is
the prime factor supporting the growth of the
market. In addition, government support for the
adoption of such practices is further boosting
the growth of the agriculture IoT market in the
region. Key players in the agriculture IoT
market include Deere Company (US), Trimble Inc.
(US), Raven Industries (US), DeLaval (subsidiary
of Tetra Laval International, S.A.) (Sweden),
AKVA group (Norway), Topcon Positioning Systems
(US), AgJunction (US), Allflex (Subsidiary of
Merck Co., Inc.), Ponsse (Finland), Komatsu
Forest AB (Sweden), InnovaSea Systems (US),
Steinsvik (ScaleAQ) (Norway), TeeJet Technologies
(US), DICKEY-john (US), AG Leader Technology
(US), DJI (US), AgEagle (US), Afimilk (Israel),
PrecisionHawk (US), Hexagon Agriculture (Brazil),
Farmers Edge (Canada), Tigercat (US), The Climate
Corporation (US), Descartes Labs (US), CropX
(Israel), Eruvaka Technologies (India), ec2ce
(Spain), Gamaya (Switzerland), Akuakare (Turkey),
and In-Situ (US). These players are increasingly
undertaking strategies such as product launches
and development, expansions, partnerships,  and
acquisitions to increase their market share.
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