Market Forecast By Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Component (Solution, Platforms, Services), By Platforms (Device Management, Application Enablement, Connectivity Management), By Application (Pre-Production Planning and Management, In-Production Planning and Management, Post-Production Planning and Management) And Competitive Landscape
Product Code: ETC4609909 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Connected Agriculture Market |
Forecast period | 2024-2030 |
CAGR | 12.7% |
Market Size | USD 3.25 billion |
The Europe Connected Agriculture Market report thoroughly covers the market by countries, component, platforms and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The connected agriculture market in Europe is estimated to reach a value of USD 3.25 billion by 2030. The increasing adoption of precision farming techniques and government initiatives promoting digitalization in agriculture are major factors driving this growth, the market is expected to grow at a CAGR of 12.7% during the forecast period of 2024-2030, showcasing the potential for continued expansion in the future.
The Europe Connected Agriculture Market is expected to experience steady growth during the forecast period. This growth can be attributed to several factors such as advancements in technology, government initiatives, and changing consumer preferences towards sustainable farming practices.
According to 6Wresearch, Europe Connected Agriculture Market size is expected to grow at a CAGR 12.7% during 2024-2030. Several drivers are contributing to the growth of connected agriculture in Europe. One of the key drivers is the need to increase agricultural productivity and efficiency to meet the rising demand for food production. With a growing population and limited arable land, farmers are turning towards digital solutions to maximize their yields. The adoption of precision farming techniques such as variable rate technology, soil sensors, and drones has also been a major driver. These technologies enable farmers to gather real-time data on soil moisture, nutrient levels, and crop health, allowing them to make informed decisions regarding irrigation, fertilization, and pest control. This leads to optimal use of resources and improved crop yields, further stimulating Europe Connected Agriculture Market growth.
Despite the potential benefits of connected agriculture, some challenges need to be addressed. The upfront costs of implementing digital solutions can be a barrier for small-scale farmers with limited resources. Lack of awareness and technical expertise among farmers can also hinder the adoption of these technologies.
One of the major trends in this market is the integration of AI and machine learning in farming practices. This allows for real-time data analysis and decision-making, leading to more efficient and precise farming techniques. Another trend is the use of drones for crop monitoring and management, providing farmers with a bird's eye view of their fields. The use of blockchain technology to ensure transparency and traceability in the supply chain is also gaining traction in the connected agriculture market. These trends are expected to continue shaping the industry and driving its growth in the coming years.
With the rapid growth and potential of connected agriculture in Europe, there are several investment opportunities available for businesses and investors. Companies specializing in precision farming equipment, digital solutions, and data analytics are likely to see significant demand in the market, there is a growing need for training and education programs to support farmers in adopting these technologies. Investment in research and development for innovative solutions and partnerships with government initiatives can also be lucrative opportunities.
Some of the key players in this market include Trimble Inc., Deere & Company, Raven Industries, Ag Leader Technology, AGCO Corporation, and Topcon Positioning Systems. These companies are constantly innovating and investing in research and development to stay ahead in the market.
The governments in various European countries have recognized the potential of connected agriculture and are taking initiatives to promote its adoption. For instance, the European Union’s Common Agricultural Policy (CAP) encourages farmers to adopt smart farming techniques by offering subsidies for precision farming equipment. France has also launched a national program called “Digital Agriculture 2025” to promote the use of digital technologies in agriculture. These initiatives not only support farmers but also aim to improve the sustainability of the agricultural industry.
As the world becomes increasingly interconnected and technology-driven, the adoption of connected agriculture is expected to continue its upward trend. With advancements in AI, machine learning, and big data analytics, there is immense potential for further optimization and automation in farming practices. This will not only benefit farmers but also contribute towards sustainable food production and resource conservation. The future looks promising for connected agriculture in Europe as it continues to revolutionize the way we grow our food.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, Germany is expected to be the leading country in terms of demand for connected agriculture solutions, with a market share of approximately 28%. This can be attributed to the country's strong focus on digitalization and advanced farming techniques, as well as government initiatives promoting sustainable agriculture practices.
The in-production planning and management segment is expected to have a higher demand in the connected agriculture market, with an estimated CAGR of 13.1% during the forecast period from 2024-2030. This can be attributed to the growing use of real-time data for precision farming techniques such as variable rate technology and automated irrigation systems.
The Europe Connected Agriculture Market Market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Connected Agriculture Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Connected Agriculture Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Connected Agriculture Market - Industry Life Cycle |
3.4 Europe Connected Agriculture Market - Porter's Five Forces |
3.5 Europe Connected Agriculture Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Connected Agriculture Market Revenues & Volume Share, By Component , 2020 & 2030F |
3.7 Europe Connected Agriculture Market Revenues & Volume Share, By Platforms, 2020 & 2030F |
3.8 Europe Connected Agriculture Market Revenues & Volume Share, By Application , 2020 & 2030F |
4 Europe Connected Agriculture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Connected Agriculture Market Trends |
6 Europe Connected Agriculture Market, 2020 - 2030 |
6.1 Europe Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
6.2 Europe Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
6.3 Europe Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
7 Germany Connected Agriculture Market, 2020 - 2030 |
7.1 Germany Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
7.2 Germany Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
7.3 Germany Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
8 United Kingdom Connected Agriculture Market, 2020 - 2030 |
8.1 United Kingdom Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
8.2 United Kingdom Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
8.3 United Kingdom Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
9 France Connected Agriculture Market, 2020 - 2030 |
9.1 France Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
9.2 France Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
9.3 France Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
10 Italy Connected Agriculture Market, 2020 - 2030 |
10.1 Italy Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
10.2 Italy Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
10.3 Italy Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
11 Russia Connected Agriculture Market, 2020 - 2030 |
11.1 Russia Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
11.2 Russia Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
11.3 Russia Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
12 Spain Connected Agriculture Market, 2020 - 2030 |
12.1 Spain Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
12.2 Spain Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
12.3 Spain Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
13 Rest of Europe Connected Agriculture Market, 2020 - 2030 |
13.1 Rest of Europe Connected Agriculture Market, Revenues & Volume, By Component , 2020 - 2030 |
13.2 Rest of Europe Connected Agriculture Market, Revenues & Volume, By Platforms, 2020 - 2030 |
13.3 Rest of Europe Connected Agriculture Market, Revenues & Volume, By Application , 2020 - 2030 |
14 Europe Connected Agriculture Market Key Performance Indicators |
15 Europe Connected Agriculture Market - Opportunity Assessment |
15.1 Europe Connected Agriculture Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Connected Agriculture Market Opportunity Assessment, By Component , 2020 & 2030F |
15.3 Europe Connected Agriculture Market Opportunity Assessment, By Platforms, 2020 & 2030F |
15.4 Europe Connected Agriculture Market Opportunity Assessment, By Application , 2020 & 2030F |
16 Europe Connected Agriculture Market - Competitive Landscape |
16.1 Europe Connected Agriculture Market Revenue Share, By Companies, 2023 |
16.2 Europe Connected Agriculture Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |