PUBLISHER: BIS Research | PRODUCT CODE: 1689628
PUBLISHER: BIS Research | PRODUCT CODE: 1689628
Asia-Pacific Smart Farming Market: Focus on Application, Hardware, Software, and Country - Analysis and Forecast, 2024-2034
Introduction to Asia-Pacific Smart Farming Market
The Asia-Pacific smart farming market is projected to reach $29.87 billion by 2034 from $4.83 billion in 2024, growing at a CAGR of 19.98% during the forecast period 2024-2034. The growing use of cutting-edge technologies and a strong emphasis on sustainable farming methods are anticipated to propel the APAC smart farming market's significant expansion. The growing need for food, the requirement for effective resource management, and the incorporation of IoT, AI, and robotics into agricultural operations are the main drivers of this growth. Traditional farming practices are changing throughout the region as a result of precision farming approaches and data-driven decision-making. APAC's dedication to raising agricultural output while lowering environmental effect is further demonstrated by aggressive government programs and large investments in smart agricultural technologies. The region's commitment to agricultural innovation and sustainability is reflected in this changing environment.
The market for smart farming in Asia is expanding significantly due to the growing emphasis on sustainable agricultural methods and the growing use of cutting-edge technologies. In order to maximise agricultural output and resource management, smart farming incorporates technology like robotics, artificial intelligence (AI), the Internet of Things (IoT), and data analytics. In order to guarantee greater yields and operational efficiency, farmers are increasingly implementing precision farming techniques in response to the region's rapidly expanding population and rising food demand.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2034 |
| 2024 Evaluation | $4.83 Billion |
| 2034 Forecast | $29.87 Billion |
| CAGR | 19.98% |
Market expansion is greatly aided by government programs and subsidies that favour the digitisation of agriculture. To address issues with food security and lessen their impact on the environment, many nations in the region are investing in agritech breakthroughs and encouraging the use of smart farming solutions. Additionally, the presence of emerging agritech startups and partnerships between technology providers and agricultural enterprises are fostering technological advancements.
Crop monitoring, livestock management, irrigation automation, and farm management software are some of the ways that smart farming is being used in APAC. Farmers may make better decisions by using actionable insights from real-time data from sensors, drones, and satellite photos.
The APAC smart farming market is anticipated to expand gradually as digital transformation quickens and sustainable farming methods gain popularity, helping to create a robust and effective agricultural industry.
Market Segmentation:
Segmentation 1: by Application
- Precision Farming or Precision Agriculture
- Precision Irrigation
- Yield Monitoring and Crop Scouting or Forecasting
- Precision Planting
- Precision Spraying
- Precision Fertilization
- Farm Management
- Other
- Livestock Monitoring and Management
- Milk Harvesting
- Animal Health Monitoring and Comfort
- Feeding Management
- Livestock Tracking
- Other
- Aquaculture
- Feed Management
- Aquatic Species Tracking and Navigation
- Water Quality Management
- Other
- Others
Segmentation 2: by Product Type
- Hardware
- Displays/Yield Monitors
- Flow and Application Rate Control Valves
- Farm Computers, and Mobile Devices and Laptops
- Agricultural Sensors
- Guidance and Steering Systems
- Other
- Software
- Farm Operation Management
- Hardware Control Application
- Data and Predictive Analytics
Segmentation 3: by Country
- China
- Japan
- South Korea
- India
- Australia and New Zealand
- Thailand
- Rest-of-Asia-Pacific
How can this report add value to an organization?
Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the APAC smart farming market, identifying opportunities for market entry, technology adoption, and sustainable growth. It offers actionable insights, helping organizations to meet environmental standards, gain a competitive edge, and capitalize on the increasing demand for eco-friendly solutions in various industries.
Growth/Marketing Strategy: This report offers a comprehensive growth and marketing strategy designed specifically for the APAC smart farming market. It presents a targeted approach to identifying specialized market segments, establishing a competitive advantage, and implementing creative marketing initiatives aimed at optimizing market share and financial performance. By harnessing these strategic recommendations, organizations can elevate their market presence, seize emerging prospects, and efficiently propel revenue expansion.
Competitive Strategy: This report crafts a strong competitive strategy tailored to the APAC smart farming market. It evaluates market rivals, suggests methods to stand out, and offers guidance for maintaining a competitive edge. By adhering to these strategic directives, companies can position themselves effectively in the face of market competition, ensuring sustained prosperity and profitability.
Key Market Players and Competition Synopsis
The companies that are profiled in the report have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
- KUBOTA Corporation
- Eruvaka Technologies Pvt. Ltd
Table of Contents
Executive Summary
Scope and Definition
1 Market: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 5G: The Future of Smart Farming
- 1.1.2 LoRa Wide Area Network (LoRaWAN)
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Pricing Analysis
- 1.3 Regulatory Landscape
- 1.4 Research and Development Review
- 1.4.1 Patent Filing Trend (by Country and Company)
- 1.5 Stakeholder Analysis
- 1.5.1 Use Case
- 1.5.2 End User and Buying Criteria
- 1.6 Impact Analysis for Key Events
- 1.7 Market Dynamics Overview
- 1.7.1 Market Drivers
- 1.7.1.1 Increasing Need for Sustainable Agricultural Practices
- 1.7.1.2 Growing Adoption of Precision Agriculture
- 1.7.2 Market Challenges
- 1.7.2.1 Lack of Technical Expertise among Farmers
- 1.7.2.2 Rising Concern over Data Security with Increasing Cyber Attacks
- 1.7.3 Market Opportunities
- 1.7.3.1 Increasing Investment in Agriculture Technology Start-Ups
- 1.7.3.2 Securing the Agriculture Value Chain with Blockchain
- 1.7.1 Market Drivers
2 Regions
- 2.1 Regional Summary
- 2.2 Asia-Pacific
- 2.2.1 Regional Overview
- 2.2.2 Driving Factors for Market Growth
- 2.2.3 Factors Challenging the Market
- 2.2.3.1 Application
- 2.2.3.2 Product
- 2.2.4 China
- 2.2.4.1 Application
- 2.2.4.2 Product
- 2.2.5 Japan
- 2.2.5.1 Application
- 2.2.5.2 Product
- 2.2.6 India
- 2.2.6.1 Application
- 2.2.6.2 Product
- 2.2.7 South Korea
- 2.2.7.1 Application
- 2.2.7.2 Product
- 2.2.8 Australia and New Zealand
- 2.2.8.1 Application
- 2.2.8.2 Product
- 2.2.9 Thailand
- 2.2.9.1 Application
- 2.2.9.2 Product
- 2.2.10 Rest-of-Asia-Pacific
- 2.2.10.1 Application
- 2.2.10.2 Product
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Next Frontiers
- 3.2 Geographic Assessment
- 3.3 Company Profiles
- 3.3.1 KUBOTA Corporation
- 3.3.1.1 Overview
- 3.3.1.2 Top Products/Product Portfolio
- 3.3.1.3 Top Competitors
- 3.3.1.4 Target Customers
- 3.3.1.5 Key Personnel
- 3.3.1.6 Analyst View
- 3.3.2 Eruvaka Technologies Pvt.Ltd
- 3.3.2.1 Overview
- 3.3.2.2 Top Products/Product Portfolio
- 3.3.2.3 Top Competitors
- 3.3.2.4 Target Customers
- 3.3.2.5 Key Personnel
- 3.3.2.6 Analyst View
- 3.3.1 KUBOTA Corporation
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Asia-Pacific Smart Farming Market (by Scenario), $Million, 2024, 2028, and 2034
- Figure 2: Asia-Pacific Smart Farming Market (by Application), $Million, 2024, 2028, and 2034
- Figure 3: Asia-Pacific Smart Farming Market (by Product Type), $Million, 2024, 2028, and 2034
- Figure 4: Asia-Pacific Smart Farming Market (by Software Type), $Million, 2024, 2028, and 2034
- Figure 5: Asia-Pacific Smart Farming Market (by Hardware Type), $Million, 2024, 2028, and 2034
- Figure 6: Key Events
- Figure 7: Applications of 5G in Smart Farming Operations
- Figure 8: Patent Filed (by Country), January 2021-July 2024
- Figure 9: Patent Filed, by Company, January 2021-July 2024
- Figure 10: Title: Enhancing Crop Yield with Precision Agriculture and IoT
- Figure 11: Impact Analysis of Smart Farming Market Navigating Factors, 2024-2034
- Figure 12: Share of Freshwater Withdrawal (by Sector), 2023
- Figure 13: China Smart Farming Market, $Million, 2023-2034
- Figure 14: Japan Smart Farming Market, $Million, 2023-2034
- Figure 15: India Smart Farming Market, $Million, 2023-2034
- Figure 16: South Korea Smart Farming Market, $Million, 2023-2034
- Figure 17: Australia and New Zealand Smart Farming Market, $Million, 2023-2034
- Figure 18: Thailand Smart Farming Market, $Million, 2023-2034
- Figure 19: Rest-of-Asia-Pacific Smart Farming Market, $Million, 2023-2034
- Figure 20: Strategic Initiatives, 2021-2024
- Figure 21: Market Share Analysis, 2023
- Figure 22: Share of Strategic Initiatives, 2021-2024
- Figure 23: Data Triangulation
- Figure 24: Top-Down and Bottom-Up Approach
- Figure 25: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Opportunities across Region
- Table 3: Competitive Landscape Snapshot
- Table 4: Smart Farming Market (by Region), $Million, 2023-2034
- Table 5: Smart Farming Market (by Region), Thousand Units, 2023-2034
- Table 6: Asia-Pacific Smart Farming Market (by Application), $Million, 2023-2034
- Table 7: Asia-Pacific Smart Farming Market (by Product), $Million, 2023-2034
- Table 8: Asia-Pacific Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 9: Asia-Pacific Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 10: Asia-Pacific Smart Farming Market (by Software), $Million, 2023-2034
- Table 11: China Smart Farming Market (by Application), $Million, 2023-2034
- Table 12: China Smart Farming Market (by Product), $Million, 2023-2034
- Table 13: China Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 14: China Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 15: China Smart Farming Market (by Software), $Million, 2023-2034
- Table 16: Japan Smart Farming Market (by Application), $Million, 2023-2034
- Table 17: Japan Smart Farming Market (by Product), $Million, 2023-2034
- Table 18: Japan Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 19: Japan Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 20: Japan Smart Farming Market (by Software), $Million, 2023-2034
- Table 21: India Smart Farming Market (by Application), $Million, 2023-2034
- Table 22: India Smart Farming Market (by Product), $Million, 2023-2034
- Table 23: India Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 24: India Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 25: India Smart Farming Market (by Software), $Million, 2023-2034
- Table 26: South Korea Smart Farming Market (by Application), $Million, 2023-2034
- Table 27: South Korea Smart Farming Market (by Product), $Million, 2023-2034
- Table 28: South Korea Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 29: South Korea Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 30: South Korea Smart Farming Market (by Software), $Million, 2023-2034
- Table 31: Australia and New Zealand Smart Farming Market (by Application), $Million, 2023-2034
- Table 32: Australia and New Zealand Smart Farming Market (by Product), $Million, 2023-2034
- Table 33: Australia and New Zealand Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 34: Australia and New Zealand Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 35: Australia and New Zealand Smart Farming Market (by Software), $Million, 2023-2034
- Table 36: Thailand Smart Farming Market (by Application), $Million, 2023-2034
- Table 37: Thailand Smart Farming Market (by Product), $Million, 2023-2034
- Table 38: Thailand Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 39: Thailand Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 40: Thailand Smart Farming Market (by Software), $Million, 2023-2034
- Table 41: Rest-of-Asia-Pacific Smart Farming Market (by Application), $Million, 2023-2034
- Table 42: Rest-of-Asia-Pacific Smart Farming Market (by Product), $Million, 2023-2034
- Table 43: Rest-of-Asia-Pacific Smart Farming Market (by Hardware), $Million, 2023-2034
- Table 44: Rest-of-Asia-Pacific Smart Farming Market (by Hardware), Thousand Units, 2023-2034
- Table 45: Rest-of-Asia-Pacific Smart Farming Market (by Software), $Million, 2023-2034
