The global Agriculture Automation & Control Systems Market is expected to grow at an 11.5% CAGR from 2022 to 2030, from USD 5.02 billion in 2021 to USD 14.2 billion by 2030.
Agriculture Automation and Control Systems automate agricultural tasks such as watering plants, pest control, and soil monitoring. These systems can help farmers manage their crops more effectively and efficiently. Several types of agriculture automation and control systems are on the market, each designed to perform a specific task.
Market Dynamics
Drivers
The agriculture industry is under pressure from the rising global population and the need for increased productivity from existing farmland. Certain factors, such as changing demographics and urbanization, now affect the agricultural industry. The agricultural industry in the United States and the United Kingdom, among other countries, is heavily reliant on migrant laborers, and a similar trend can be found in other developed countries. According to World Bank data, agricultural employment has declined by 15% globally over the last decade. The labor shortage has become a global issue, with an aging farmer population further limiting the supply of manual labor. The younger generation is less likely to pursue farming, and children from farming families frequently move to cities for better opportunities.
Restraints
Smaller farms have been largely left in the dust by successive waves of automation, including agriculture robots. A tractor with autopilot capability can cost up to USD 100,000 and only sometimes provides small farmers with a good Return on Investment (RoI). Although auto-steering and drone technologies are relatively mature and among the least expensive automation solutions, their adoption in small farms still needs to be improved. With the introduction of more specialized and costly robots and software systems, these farms are expected to stay caught up in technology.
Key players:
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Ag Leader Technology
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AGCO Corporation
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AgJunction, Inc.
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AgEagle Aerial Systems Inc.
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Autonomous Solutions, Inc.
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Argus Control Systems Ltd
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BouMatic Robotic B.V.
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CropMetrics
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CLAAS KGaA mbH
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CLAAS KGaA mbH
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CropZilla
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Deere & Company
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DICKEY-john
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DroneDeploy
Market Segmentation:
The report has segmented the Agriculture Automation & Control Systems market based on type, application, and region.
Agriculture Automation & Control Systems Market, By Type:
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Yield monitoring
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Field mapping
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Crop scouting
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Weather tracking & forecasting
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Irrigation management
Agriculture Automation & Control Systems Market, By Application:
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Personal
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Commerical
Agriculture Automation & Control Systems Market, By Region
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North America
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Latin America
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Europe
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Asia Pacific
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Middle East & Africa
Regional Analysis:
In 2021, North America dominated the global agriculture automation & control systems market. From 2022 to 2030, it's anticipated to grow at a CAGR of XX%. Growing government enterprise and regulations to ameliorate the region's husbandry assiduity are expected to drive indigenous demand in North America during the cast period. Several agrarian organizations have joined forces to form the North America Climate Smart Agriculture Alliance (NACSAA), a platform for educating and equipping growers for long-term agricultural productivity. With increased concern for water conservation, governments in North America are laboriously furnishing subventions to expand the use of smart irrigation.
The Asia Pacific region is anticipated to grow the most during the cast period. Although agriculture automation & control systems market is still in its early stages in this region, rising government support and planter mindfulness are anticipated to drive indigenous demand during the cast period. In Japan, for illustration, the Ministry of Agriculture has been funding the development of agriculture automation & control systems market. Growers associations and community-grounded organizations are important in promoting sustainable farming in each country.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.5% |
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YoY growth (%) |
XX% |
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Regional analysis |
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Current Market size |
USD 5.02 Billion |
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Companies Covered |
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User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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