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Report
North America Internet of Things(IoT) in agriculture Market
Market Report I 2024-07-01 I 208 Pages I Data Bridge Market Research
North America Internet of Things (IoT) in agriculture market is expected to reach USD 8,269,207.85 thousand by 2031 from USD 2,518,977.03 thousand in 2023, growing with a CAGR of 16.4% in the forecast period of 2023 to 2031.
Market Segmentation
North America Internet of Things (IoT) in Agriculture Market, By Offering (Hardware and Services), Agriculture Type (Precision Farming, Precision Forestry, Dairy & Livestock Monitoring, Smart Greenhouse, Fish Farm Monitoring, and Others), Connectivity (Wi-Fi, Bluetooth, RF Technology, Zigbee, and Others), Farm Size (Large Farms, Small Farms, and Medium-Sized Farms), Distribution (Dealers and D2C), Countries (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2031
Overview of North America Internet of Things (IoT) in Agriculture Market Dynamics
Drivers
- IoT facilitates precise monitoring and management of crops, maximizing resource efficiency and boosting yields
- Government subsidies and initiatives encourage farmers to adopt IoT and digital farming technologies
- Supports sustainable practices by minimizing environmental impact
- Automates irrigation, fertilization and pest control effectively cutting down on labor cost
Restraints
- Limited internet access in rural areas affects implementation
- Compliance with varying regulations and standards across regions
Opportunities
- Rapid technological advancement in IoT devices
- Increasing adoption of drone and satellite technologies in agriculture farm
- Rising demand for livestock monitoring solution
Challenges
- High initial expenditure
- Data privacy and security
Market Players
The key market players operating in the North America Internet of Things (IoT) in agriculture market are listed below:
- Sencrop
- Pycno Industries, Inc.
- HARDWARIO a.s.
- GEA Group Aktiengesellschaft
- Ag Leader Technology
- TeeJet Technologies
- DICKEY-john
- Delair
- AKVA group
- Topcon
- ScaleAQ
- Innovasea Systems Inc.
- Afimilk Ltd.
- AgEagle Aerial Systems Inc
- Hexagon AB
- Eruvaka Technologies Pvt. Ltd
- Hylio
- TEKTELIC Communications Inc.
- CropX inc.
- Digital Matter
1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 OVERVIEW OF THE NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET 20
1.4 CURRENCY AND PRICING 22
1.5 LIMITATIONS 23
1.6 MARKETS COVERED 23
2 MARKET SEGMENTATION 29
2.1 MARKETS COVERED 29
2.2 GEOGRAPHICAL SCOPE 30
2.3 YEARS CONSIDERED FOR THE STUDY 31
2.4 DBMR TRIPOD DATA VALIDATION MODEL 32
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 35
2.6 DBMR MARKET POSITION GRID 36
2.7 MULTIVARIATE MODELING 38
2.8 OFFERING TIMELINE CURVE 39
2.9 SECONDARY SOURCES 40
2.10 ASSUMPTIONS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 46
4.1 PORTER'S FIVE FORCES 48
4.2 REGULATORY STANDARDS, 49
4.3 TECHNOLOGICAL TRENDS 50
4.4 COMPANY COMPARITIVE ANALYSIS 52
4.4.1 COMPARATIVE POSITIONING: 52
4.4.2 STRATEGIC FOCUS: 52
4.5 KEY STRATEGIC INITIATIVES 54
4.6 COMPANY WISE MARKET SHARE OF TOP PRODUCTS (2023) 55
4.6.1 TOP PRODUCTS IN TOPCON 55
4.6.2 TOP PRODUCTS IN AGEAGLE AERIAL SYSTEMS INC 56
4.6.3 TOP PRODUCTS IN HEXAGON AB 56
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5 MARKET OVERVIEW 57
5.1 DRIVERS 59
5.1.1 IOT FACILITATES PRECISE MONITORING AND MANAGEMENT OF CROPS, MAXIMIZING RESOURCE EFFICIENCY AND BOOSTING YIELDS 59
5.1.2 GOVERNMENT SUBSIDIES AND INITIATIVES ENCOURAGING FARMERS TO ADOPT IOT AND DIGITAL FARMING TECHNOLOGIES 60
5.1.3 SUPPORTS SUSTAINABLE PRACTICES BY MINIMIZING ENVIRONMENTAL IMPACT 61
5.1.4 AUTOMATE IRRIGATION, FERTILIZATION AND PEST CONTROL EFFECTIVELY CUTTING DOWN ON LABOR COST 61
5.2 RESTRAINTS 62
5.2.1 LIMITED INTERNET ACCESS IN RURAL AREAS AFFECTS IMPLEMENTATION 62
5.2.2 COMPLIANCE WITH VARYING REGULATIONS AND STANDARDS ACROSS REGIONS 62
5.3 OPPORTUNITIES 63
5.3.1 RAPID TECHNOLOGICAL ADVANCEMENT IN IOT DEVICES 63
5.3.2 INCREASING ADOPTION OF DRONE AND SATELLITE TECHNOLOGIES IN AGRICULTURE FARM 65
5.3.3 RISING DEMAND FOR LIVESTOCK MONITORING SOLUTION 66
5.4 CHALLENGES 67
5.4.1 HIGH INITIAL EXPENDITURE 67
5.4.2 DATA PRIVACY AND SECURITY 68
6 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET, BY OFFERING 70
6.1 OVERVIEW 71
6.2 HARDWARE 72
6.2.1 PRECISION FARMING HARDWARE 73
6.2.1.1 BY TYPE 73
6.2.1.2 AUTOMATION AND CONTROL 73
6.2.1.3 BY TYPE 73
6.2.1.3.1 GNSS SYSTEMS 74
6.2.1.3.2 BY TYPE 74
6.2.1.3.2.1 GPS SYSTEM 74
6.2.1.3.2.2 GLONASS SYSTEM 75
6.2.1.3.2.3 GALILEO SYSTEM 75
6.2.1.3.2.4 OTHERS 75
6.2.1.3.3 DRONES/UVAS 75
6.2.1.3.4 BY TYPE 75
6.2.1.3.4.1 ROTARY DRONES 75
6.2.1.3.4.2 FIXED WING DRONES 75
6.2.1.3.5 IRRIGATION CONTROLLERS 76
6.2.1.3.6 FLOW AND APPLICATION CONTROL DEVICES 76
6.2.1.3.7 GUIDANCE AND STEERING 76
6.2.1.3.8 HANDHELD MOBILE DEVICES/HANDHELD COMPUTERS 76
6.2.1.3.9 DISPLAYS 76
6.2.1.3.10 OTHERS 76
6.2.1.4 SENSING AND MONITORING DEVICES 77
6.2.1.4.1 YIELD MONITORS 77
6.2.1.4.2 SOIL AND MOISTURE SENSORS 77
6.2.1.4.3 CLIMATE SENSORS 77
6.2.1.4.4 WATER SENSORS 77
6.2.1.4.5 OTHERS 77
6.2.2 PRECISION FORESTRY HARDWARE 78
6.2.2.1 GPS 78
6.2.2.2 HARVESTERS & FORWARDERS 78
6.2.2.3 RFID AND SENSORS 78
6.2.2.4 UAVS/DRONES 78
6.2.2.5 CAMERAS 78
6.2.2.6 BY TYPE 79
6.2.2.6.1 THERMAL CAMERAS 79
6.2.2.6.2 MULTISPECTRAL CAMERAS 79
6.2.2.6.3 VISUAL CAMERAS 79
6.2.2.6.4 OTHERS 79
6.2.2.7 VARIABLE RATE CONTROLLERS 79
6.2.3 DAIRY & LIVESTOCK MONITORING 80
6.2.3.1 RFID TAGS AND READERS 80
6.2.3.2 SENSORS 80
6.2.3.3 GPS 80
6.2.3.4 CAMERAS 80
6.2.3.5 OTHERS 80
6.2.4 SMART GREENHOUSE HARDWARE 81
6.2.4.1 HVAC SYSTEMS 81
6.2.4.2 SENSORS 81
6.2.4.3 LED GROW LIGHTS 81
6.2.4.4 CONTROL SYSTEM 81
6.2.4.5 CAMERAS 81
6.2.4.6 MATERIAL HANDLING EQUIPMENT 82
6.2.4.7 VALVE AND PUMPS 82
6.2.4.8 OTHERS 82
6.2.5 PRECISION AQUACULTURE HARDWARE 82
6.2.5.1 SENSORS 82
6.2.5.2 CONTROL SYSTEMS 82
6.2.5.3 OTHERS 82
6.3 SERVICES 83
6.3.1 SYSTEM INTEGRATION AND CONSULTING 83
6.3.2 MANAGED SERVICE 83
6.3.2.1 BY TYPE 84
6.3.2.2 FARM OPERATION SERVICES 84
6.3.2.3 ANALYTICS 84
6.3.2.4 DATA SERVICES 84
6.3.3 ASSISTED PROFESSIONAL SERVICES 85
6.3.3.1 BY TYPE 85
6.3.3.2 CLIMATE INFORMATION SERVICES 85
6.3.3.3 SUPPLY CHAIN MANAGEMENT SERVICES 85
6.3.3.4 OTHERS 85
6.3.4 CONNECTIVITY SERVICES 85
6.3.5 MAINTENANCE AND SUPPORT 85
7 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET, BY AGRICULTURE TYPE 86
7.1 OVERVIEW 87
7.2 PRECISION FARMING 88
7.2.1 YIELD MONITORING 89
7.2.2 CROP SCOUTING 89
7.2.3 FIELD MAPPING 89
7.2.3.1 BY TYPE 89
7.2.3.1.1 BOUNDARY MAPPING 90
7.2.3.1.2 DRAINAGE MAPPING 90
7.2.4 WEATHER TRACKING AND FORECASTING 90
7.2.5 IRRIGATION MANAGEMENT 90
7.2.6 FARM LABOR MANAGEMENT 90
7.2.7 INVENTORY MANAGEMENT 90
7.2.8 FINANCIAL MANAGEMENT 90
7.2.9 OTHERS 90
7.3 PRECISION FORESTRY 91
7.3.1 GENETIC AND NURSERIES 91
7.3.2 SILVICULTURE AND FIRE MANAGEMENT 91
7.3.3 HARVESTING MANAGEMENT 92
7.3.4 INVENTORY AND LOGISTICS MANAGEMENT 92
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7.4 DAIRY & LIVESTOCK MONITORING 92
7.4.1 ANIMAL TRACKING AND BEHAVIOR MONITORING 93
7.4.2 HEAT STRESS MANAGEMENT 93
7.4.3 BREEDING MANAGEMENT 93
7.4.4 FEEDING MANAGEMENT 93
7.4.5 ANIMAL COMFORT MANAGEMENT 93
7.4.6 OTHERS 93
7.5 SMART GREENHOUSE 94
7.5.1 HVAC MANAGEMENT 94
7.5.2 YIELD MONITORING 94
7.5.3 WATER AND FERTILIZER MANAGEMENT 94
7.6 FISH FARM MONITORING 95
7.6.1 WATER QUALITY MANAGEMENT 95
7.6.2 FISH TRACKING AND FLEET NAVIGATION 95
7.6.3 FEEDING MANAGEMENT 96
7.6.4 OTHERS 96
7.7 OTHERS 96
8 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET, BY CONNECTIVITY 97
8.1 OVERVIEW 98
8.2 WI-FI 99
8.3 BLUETOOTH 100
8.4 RF TECHNOLOGY 100
8.5 ZIGBEE 101
8.6 OTHERS 101
9 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET, BY FARM SIZE 102
9.1 OVERVIEW 103
9.2 LARGE FARMS 104
9.3 SMALL FARMS 105
9.4 MEDIUM-SIZED FARMS 105
10 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET, BY DISTRIBUTION 106
10.1 OVERVIEW 107
10.2 DEALERS 108
10.3 D2C 109
11 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET, BY REGION 110
11.1 NORTH AMERICA 112
11.1.1 U.S. 121
11.1.2 CANADA 129
11.1.3 MEXICO 137
12 NORTH AMERICA INTERNET OF THINGS (IOT) IN AGRICULTURE MARKET: COMPANY LANDSCAPE 145
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
13 SWOT ANALYSIS 146
14 COMPANY PROFILE 147
14.1 TOPCON 147
14.1.1 COMPANY SNAPSHOT 147
14.1.2 REVENUE ANALYSIS 147
14.1.3 COMPANY SHARE ANALYSIS 148
14.1.4 PRODUCT PORTFOLIO 148
14.1.5 RECENT DEVELOPMENT 149
14.2 AGEAGLE AERIAL SYSTEMS INC 151
14.2.1 COMPANY SNAPSHOT 151
14.2.2 REVENUE ANALYSIS 152
14.2.3 COMPANY SHARE ANALYSIS 152
14.2.4 PRODUCT PORTFOLIO 153
14.2.5 RECENT DEVELOPMENT 154
14.3 HEXAGON AB 155
14.3.1 COMPANY SNAPSHOT 155
14.3.2 REVENUE ANALYSIS 156
14.3.3 COMPANY SHARE ANALYSIS 156
14.3.4 PRODUCT PORTFOLIO 157
14.3.5 RECENT DEVELOPMENTS 157
14.4 HYLIO 159
14.4.1 COMPANY SNAPSHOT 159
14.4.2 COMPANY SHARE ANALYSIS 159
14.4.3 PRODUCT PORTFOLIO 160
14.4.4 RECENT DEVELOPMENTS 160
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14.5 AKVA GROUP 161
14.5.1 COMPANY SNAPSHOT 161
14.5.2 REVENUE ANALYSIS 162
14.5.3 COMPANY SHARE ANALYSIS 162
14.5.4 PRODUCT PORTFOLIO 163
14.5.5 RECENT DEVELOPMENT 164
14.6 AFIMILK LTD. 165
14.6.1 COMPANY SNAPSHOT 165
14.6.2 PRODUCT PORTFOLIO 165
14.6.3 RECENT DEVELOPMENTS 166
14.7 AG LEADER TECHNOLOGY 167
14.7.1 COMPANY SNAPSHOT 167
14.7.2 PRODUCT PORTFOLIO 167
14.7.3 RECENT DEVELOPMENT 169
14.8 CROPX INC. 170
14.8.1 COMPANY SNAPSHOT 170
14.8.2 PRODUCT PORTFOLIO 170
14.8.3 RECENT DEVELOPMENTS 170
14.9 DELAIR 172
14.9.1 COMPANY SNAPSHOT 172
14.9.2 PRODUCT PORTFOLIO 172
14.9.3 RECENT DEVELOPMENTS 173
14.10 DICKEY-JOHN 174
14.10.1 COMPANY SNAPSHOT 174
14.10.2 1.2.3 PRODUCT PORTFOLIO 174
14.10.3 RECENT DEVELOPMENT 175
14.11 DIGITAL MATTER 176
14.11.1 COMPANY SNAPSHOT 176
14.11.2 PRODUCT PORTFOLIO 176
14.11.3 RECENT DEVELOPMENT 177
14.12 ERUVAKA TECHNOLOGIES PVT. LTD 179
14.12.1 COMPANY SNAPSHOT 179
14.12.2 PRODUCT PORTFOLIO 179
14.12.3 RECENT DEVELOPMENT 179
14.13 GEA GROUP AKTIENGESELLSCHAFT 180
14.13.1 COMPANY SNAPSHOT 180
14.13.2 REVENUE ANALYSIS 180
14.13.3 PRODUCT PORTFOLIO 181
14.13.4 RECENT DEVELOPMENTS 182
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14.14 HARDWARIO A.S. 184
14.14.1 COMPANY SNAPSHOT 184
14.14.2 REVENUE ANALYSIS 184
14.14.3 PRODUCT PORTFOLIO 185
14.14.4 RECENT DEVELOPMENTS 186
14.15 INNOVASEA SYSTEMS INC. 188
14.15.1 COMPANY SNAPSHOT 188
14.15.2 PRODUCT PORTFOLIO 188
14.15.3 RECENT DEVELOPMENTS 190
14.16 PYCNO INDUSTRIES, INC. 191
14.16.1 COMPANY SNAPSHOT 191
14.16.2 PRODUCT PORTFOLIO 191
14.16.3 RECENT DEVELOPMENTS 191
14.17 SCALEAQ 192
14.17.1 COMPANY SNAPSHOT 192
14.17.2 REVENUE ANALYSIS 192
14.17.3 PRODUCT PORTFOLIO 193
14.17.4 RECENT DEVELOPMENT 196
14.18 SENCROP 198
14.18.1 COMPANY SNAPSHOT 198
14.18.2 PRODUCT PORTFOLIO 198
14.18.3 RECENT DEVELOPMENTS 199
14.19 TEEJET TECHNOLOGIES 200
14.19.1 COMPANY SNAPSHOT 200
14.19.2 PRODUCT PORTFOLIO 200
14.19.3 RECENT DEVELOPMENT 201
14.20 TEKTELIC COMMUNICATIONS INC. 202
14.20.1 COMPANY SNAPSHOT 202
14.20.2 PRODUCT PORTFOLIO 202
14.20.3 RECENT DEVELOPMENT 203
15 QUESTIONNAIRE 204
16 RELATED REPORTS 208
14.15 INNOVASEA SYSTEMS INC. 188
14.15.1 COMPANY SNAPSHOT 188
14.15.2 PRODUCT PORTFOLIO 188
14.15.3 RECENT DEVELOPMENTS 190
14.16 PYCNO INDUSTRIES, INC. 191
14.16.1 COMPANY SNAPSHOT 191
14.16.2 PRODUCT PORTFOLIO 191
14.16.3 RECENT DEVELOPMENTS 191
14.17 SCALEAQ 192
14.17.1 COMPANY SNAPSHOT 192
14.17.2 REVENUE ANALYSIS 192
14.17.3 PRODUCT PORTFOLIO 193
14.17.4 RECENT DEVELOPMENT 196
14.18 SENCROP 198
14.18.1 COMPANY SNAPSHOT 198
14.18.2 PRODUCT PORTFOLIO 198
14.18.3 RECENT DEVELOPMENTS 199
14.19 TEEJET TECHNOLOGIES 200
14.19.1 COMPANY SNAPSHOT 200
14.19.2 PRODUCT PORTFOLIO 200
14.19.3 RECENT DEVELOPMENT 201
14.20 TEKTELIC COMMUNICATIONS INC. 202
14.20.1 COMPANY SNAPSHOT 202
14.20.2 PRODUCT PORTFOLIO 202
14.20.3 RECENT DEVELOPMENT 203
15 QUESTIONNAIRE 204
16 RELATED REPORTS 208
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