Digital Agriculture Market by Product (Agricultural Equipment, Drones/Robots/Unmanned Aerial Vehicles), Infrastructure, Technology, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Report Format: PDF   |   Report ID: 5670935   |   Published Date: April 2024   |   Pages:  200  

Digital Agriculture Market Size
The global digital agriculture market size was valued at $24.38 billion in 2024 and is projected to reach $45.10 billion by 2030, growing at a CAGR of 10.8% during the forecast period.
Digital Agriculture Market Overview 
Digital farming software encompasses a range of meticulously designed tools aimed at improving the efficiency of farm operations and managing production activities. These software solutions automate diverse tasks on the farm, including record-keeping, data storage, monitoring, and optimizing production processes. By leveraging data-driven insights, digital farming software aims to enhance crop yield and revenue generation. These tools play a crucial role in modern agriculture by enabling farmers to make informed decisions based on real-time data analysis. Additionally, digital farming software often integrates advanced technologies such as artificial intelligence and machine learning to further enhance productivity and sustainability in agriculture. These solutions contribute to the optimization of resource utilization, reduction of environmental impact, and overall improvement of farm profitability.
Digital Agriculture Market Dynamics 
• The digital agriculture market is expected to witness significant growth in the future due to the growth of mobile internet and cloud computing, increasing demand for food, rising technology advancements, and increasing use of precision agriculture technology.
• Additionally, increasing use of remote sensing and telematics technologies and the growing demand for farm management software are the prominent factors driving the growth of the market.
• However, the expensive price of autonomous agricultural machinery and the concerns regarding data privacy restraining the market growth.
• On the contrary, rising use of agricultural-based software on smartphones and expansion of digital infrastructure in rural areas are creating opportunities for market growth.
By Product, Drone/Robots/Unmanned Aerial Vehicle (UAV) Segment is expected to be the Fastest Growing Segment in the in the Digital Agriculture Market
The drone/robots/unmanned aerial vehicle (UAV) segment is anticipated to experience the most rapid growth in the digital agriculture market during the forecast period owing to its transformative potential in revolutionizing farming practices. Drones, robots, and UAVs equipped with advanced sensors and imaging technologies enable farmers to gather real-time, high-resolution data on crop health, soil conditions, and environmental factors over large agricultural landscapes. This data can be analyzed using artificial intelligence (AI) and machine learning algorithms to generate actionable insights and optimize farm management decisions. By leveraging drones and robots, farmers can precisely monitor crop growth, detect pests and diseases early, and apply targeted interventions such as precision spraying or seeding, leading to increased crop yields, resource efficiency, and sustainability. Moreover, these technologies enable farmers to overcome labor shortages and operational challenges, especially in large-scale or remote agricultural areas. As a result, the demand for digital agriculture solutions in the drone/robots/UAV segment continues to soar, driving innovation and adoption across the agricultural sector.
By Geography, Asia-Pacific Accounts for the Largest Market Size during the Forecast Period
The Asia-Pacific holds the largest market size during the forecast period due to smart farming practices driven by innovative sensor-based technologies. Notably, the adoption of Internet of Things (IoT) devices, sensor-based irrigation and fertilization equipment, and valve position sensors has spurred a surge in demand for sensor technology. This burgeoning trend aligns with China's increased mechanization and smart agriculture initiatives, reflecting a national commitment to agricultural modernization. China's rate of contribution to agricultural science and technology progress reflects the country's agriculture modernization rejuvenation plan. In 2020, the Chinese central government began a pilot project called the 'digital village,' which promotes the use of information technology to increase domestic consumption, resulting in a boom in the mobile internet-based economy.
Key Target Audience: 
• Farmers
• Technology Providers
• Telecommunication Companies
• Research Institutions and Universities
• Government Agencies
List of the Key Players Profiled in the Report Includes:
• Deere & Company 
• Accenture
• Kubota Corporation 
• Vodafone Group PLC 
• Raven Industries, Inc.
• Eurofins Scientific 
• CNH Industrial N.V
• Hexagon AB 
• Topcon Corporation 
• CLAAS KGaA mbH 
• Trimble 
• AGCO Corporation 
• Bayer AG 
• IBM Corporation
Recent Developments: 
• In May 2023, Kubota, BASF, and ZEN-NOH collaborated to enhance and streamline rice production in Japan. The collaboration involves two phases, starting with the integration of BASF's advanced xarvio?(R) FIELD MANAGER crop optimization platform with Kubota's cutting-edge KSAS operating platform to evaluate operational efficiency. The primary objective of this platform integration is to offer enhanced convenience, boost yields, optimize fertilizer usage, and deliver greater returns on investment for farmers.
Market Segmentation: 
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Infrastructure: 
• Sensing & Monitoring
• Communication Technology
• Cloud & Data Processing
• Telematics/Positioning
• End Use Components
Market by, Technology: 
• Internet of Things (IoT)
• Blockchain
• Artificial Intelligence (AI) / Machine Learning (ML) / Natural Language Processing (NLP)
Market by, Product:
• Agricultural Equipment
• Drones/Robots/Unmanned Aerial Vehicles
Market by, Application:
• Smart Crop Monitoring
• Smart Irrigation Monitoring System
• Soil & Fertilizer Management
• Weather Forecasting
• Yield Monitoring and Mapping
• Other Applications
Market by, Geography: 
The digital agriculture market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
Scope of the Report:
The report oGlobal Digital Agriculture Market: Industry Analysis, Opportunities and Forecast up to 2030o by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.
1 Market Introduction            
    1.1 Market Definition         
    1.2 Research Scope and Segmentation       
    1.3 Stakeholders         
    1.4 List of Abbreviations        
               
2 Executive Summary             
               
3 Research Methodology            
    3.1 Identification of Data        
    3.2 Data Analysis         
    3.3 Verification         
    3.4 Data Sources         
    3.5 Assumptions         
               
4 Market Dynamics             
    4.1 Market Drivers         
    4.2 Market Restraints         
    4.3 Market Opportunities        
    4.4 Market Challenges         
               
5 Porter's Five Force Analysis            
    5.1 Bargaining Power of Suppliers        
    5.2 Bargaining Power of Buyers        
    5.3 Threat of New Entrants        
    5.4 Threat of Substitutes        
    5.5 Competitive Rivalry in the Market       
               
6 Global Digital Agriculture Market by, Infrastructure          
    6.1 Overview         
    6.2 Sensing & Monitoring        
     6.2.1 Sensors         
     6.2.2 Cameras         
    6.3 Communication Technology        
     6.3.1 Short Range        
     6.3.2 Medium Range        
     6.3.3 Long Range        
    6.4 Cloud & Data Processing        
    6.5 Telematics/Positioning        
     6.5.1 Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS)  
     6.5.2 Geographic Information System (GIS)      
    6.6 End Use Components        
     6.6.1 Hardware/Systems        
     6.6.2 Software/Apps        
               
7 Global Digital Agriculture Market by, Technology          
    7.1 Overview         
    7.2 Internet of Things (IoT)        
    7.3 Blockchain         
    7.4 Artificial Intelligence (AI) / Machine Learning (ML) / Natural Language Processing (NLP)  
               
8 Global Digital Agriculture Market by, Product          
    8.1 Overview         
    8.2 Agricultural Equipment        
    8.3 Drones/Robots/Unmanned Aerial Vehicles      
               
9 Global Digital Agriculture Market by, Application          
    9.1 Overview         
    9.2 Smart Crop Monitoring        
    9.3 Smart Irrigation Monitoring System       
    9.4 Soil & Fertilizer Management        
    9.5 Weather Forecasting        
    9.6 Yield Monitoring and Mapping        
    9.7 Other Applications         
               
10 Global Digital Agriculture Market by, Geography          
    10.1 Overview         
    10.2 North America         
           10.2.1 US   
           10.2.2 Canada   
           10.2.3 Mexico   
    10.3 Europe          
           10.3.1 Germany   
           10.3.2 France   
           10.3.3 UK   
           10.3.4 Italy   
           10.3.5 Spain   
           10.3.6 Rest of Europe  
    10.4 Asia Pacific         
           10.4.1 China   
           10.4.2 Japan   
           10.4.3 India   
           10.4.4 South Korea  
           10.4.5 Australia   
           10.4.6 New Zealand  
           10.4.7 Rest of Asia Pacific  
    10.5 South America         
           10.5.1 Brazil   
           10.5.2 Argentina  
           10.5.3 Chile   
           10.5.4 Rest of South America 
    10.6 Middle East & Africa        
           10.6.1 UAE   
           10.6.2 Saudi Arabia  
           10.6.3 Qatar   
           10.6.4 Iran   
           10.6.5 South Africa  
           10.6.6 Rest of Middle East & Africa 
               
11 Key Developments             
               
12 Company Profiling             
    12.1 Deere & Company          
           12.1.1 Business Overview  
           12.1.2 Product/Service Offering 
           12.1.3 Financial Overview  
           12.1.4 SWOT Analysis  
           12.1.5 Key Activities  
    12.2 Accenture         
    12.3 Kubota Corporation         
    12.4 Vodafone Group PLC         
    12.5 Raven Industries, Inc.        
    12.6 Eurofins Scientific          
    12.7 CNH Industrial N.V         
    12.8 Hexagon AB          
    12.9 Topcon Corporation         
    12.10 CLAAS KGaA mbH          
    12.11 Trimble           
    12.12 AGCO Corporation          
    12.13 Bayer AG           
    12.14 IBM Corporation


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Publisher: Diligence Insights LLP