Europe Smart Agriculture Market Outlook, 2027

Europe Smart Agriculture Market is anticipated to grow rapidly with CAGR 12.04% by the forecast period. Russia has the highest CAGR in the market.

Featured Companies

  • 1. John Deere Ltd
  • 2. Raven Industries, Inc.
  • 3. Merck & Co., Inc.
  • 4. Trimble Inc.
  • 5. Topcon Positioning Systems Inc.
  • 6. AGCO Corporation
  • More...

In Europe agricultural land plays an important role in land use pattern across the region. The agriculture sector provides livelihoods to almost 10.5 million farmers across the region. The Agriculture sector occupies more than 40% of the region’s landmass and is known to be the largest agricultural food exporter in world. The major crops produced in Europe include wheat, potatoes and rapeseed. In livestock such as sheep and cattle are the import source of meat and dairy and the region is also known for producing world’s finest cheeses.

In last few years the European farmers have been a significant growth in farm productivity across the region. The increase in urban population in countries like Poland and Czech Republic, with the enhancement of quality of living due to high income levels and the demand for fresh crop produce and animal protein are boosting the demand for crop protection. Few other reasons like the limited availability of natural resources fresh water and arable land with slowing yield trends in crops. This has been encouraging the leading agricultural companies to introduce advanced farming techniques in the agricultural sector, for enhancing the farms productivity.

According to the report published by Bonafide Research titled as “Europe Smart Agriculture Market Outlook, 2027”. Europe is anticipated to grow rapidly with CAGR 12.04% by the forecast period. The major countries like Russia, Germany, France, UK, Spain and Italy, are countries having a significant share in the smart agriculture market. Among these Russia has the highest CAGR in the market. The strong growth in the Russia’s market was largely due to the high rate of adoption of technologies by the agricultural producers in the country. The urgent need to improve production from the decreasing number of farms and increasing livestock herd sizes further contributed to the growth of the market in the country.

As per research, the further market growth of smart agriculture in Europe is expected to be driven by the rising awareness among the governments of the major countries about the need to elevate farm produce while maintaining the environment. The region’s smart agriculture market is also been strongly motivated by the substantial support of the government in terms of investments, favorable initiatives, and trade policies. The governments are also currently working on reducing the costs of the devices used in smart agriculture. Europe smart agriculture market is majorly segmented into five types including Precision agriculture, precision aquaculture, smart greenhouse, precision livestock monitoring and precision forestry. Among these types, precision agriculture segment is anticipated to acquire higher market share by holding more than 45% during the forecast period.

Recently, European Commission has identified precision farming as a possible agricultural practice that eco-schemes could support in the post-2022 Common Agricultural Policy. Due to globalization of the world economy, European countries face the low cost of production of other low-income countries. In addition to that, Europe tries to evolve its agriculture domain using technology, aiming at the sustainability of its agriculture sector especially in a scientific area of smart farming.

The Covid-19 effect on Europe smart agriculture market:
During the pandemic, the Europe supply chain demonstrated a high degree of resilience. The value share of the agriculture industry in Europe has been declined by 1.4% in 2020 compared to 2019. Initial challenges for the region during the outbreak included increased food demand due to consumer panic buying; labor shortages caused by movement regulations as well as slow-down in food production because of virus outbreaks in processing plants. However, staying at home and low labor force has increased demand for automatic technologies for farming. By the end of 2020, the market growth for smart agriculture in Europe was estimated to be growing with significant growth.

Major Companies present in the market:
Raven Industries, Inc, Merck & Co., Inc, Deere & Company, AgJunction Inc., Trimble Inc., Topcon Positioning Systems, Inc., AGCO Corporation, AG Leader Technology, Afimilk Limited, InnovaSea Systems, Inc., Abaco Systems, Inc., GEA Group Aktiengesellschaft (GeaCowScout), Grownetics, Inc., Heliospectra AB, Nedap N.V. Inc, Gamaya SA, Ceres Imaging, Inc, AKVA group, CropX Technologies

Considered in this report
• Geography: Europe
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Europe Smart Agriculture Market with its value and forecast along with its segments
• Country wise smart agriculture market analysis
• Application wise smart agriculture distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

Types of smart agriculture in the report:
• Precision Agriculture
• Aquaculture/Precision Fish Farming
• Smart Greenhouse Market
• Precision Livestock Monitoring Market
• Precision Forestry Market

By Offering Type in the report:
• Hardware
• Software
• Services

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Companies Mentioned

  • John Deere Ltd
  • Raven Industries, Inc.
  • Merck & Co., Inc.
  • Trimble Inc.
  • Topcon Positioning Systems Inc.
  • AGCO Corporation
  • AG Leader Technology
  • InnovaSea Systems, Inc.
  • Abaco Systems, Inc.
  • GEA Group Aktiengesellschaft (Gea CowScout)
  • Heliospectra AB
  • Nedap N.V. Inc
  • Gamaya SA
  • AKVA group

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Smart Agriculture Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Type
  • 5.2.5. By Offering
  • 6. Europe Smart Agriculture Market Outlook
  • 6.1. Market Size by Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Type
  • 6.2.3. By Offering
  • 6.3. Germany Smart Agriculture Market Outlook
  • 6.3.1. Market Size by Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Type
  • 6.3.2.2. By Offering
  • 6.4. UK Smart Agriculture Market Outlook
  • 6.4.1. Market Size by Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Type
  • 6.4.2.2. By Offering
  • 6.5. France Smart Agriculture Market Outlook
  • 6.5.1. Market Size by Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Type
  • 6.5.2.2. By Offering
  • 6.6. Italy Smart Agriculture Market Outlook
  • 6.6.1. Market Size by Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Type
  • 6.6.2.2. By Offering
  • 6.7. Spain Smart Agriculture Market Outlook
  • 6.7.1. Market Size by Value
  • 6.7.2. Market Share
  • 6.7.2.1. By Type
  • 6.7.2.2. By Offering
  • 6.8. Russia Smart Agriculture Market Outlook
  • 6.8.1. Market Size by Value
  • 6.8.2. Market Share
  • 6.8.2.1. By Type
  • 6.8.2.2. By Offering
  • 7. Market Dynamics
  • 7.1. Key Drivers
  • 7.2. Key Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXXX
  • 8.2. XXXXXX
  • 8.3. XXXXXX
  • 9. Company Profiles
  • 9.1. Raven Industries, Inc
  • 9.2. Merck & Co., Inc
  • 9.3. Deere & Company
  • 9.4. Trimble Inc.
  • 9.5. Topcon Positioning Systems,Inc.
  • 9.6. AGCO Corporation
  • 9.7. AG Leader Technology
  • 9.8. InnovaSea Systems, Inc.
  • 9.9. Abaco Systems, Inc.
  • 9.10. GEA Group Aktiengesellschaft (Gea CowScout)
  • 9.11. Heliospectra AB
  • 9.12. Nedap N.V. Inc
  • 9.13. Gamaya SA
  • 9.14. AKVA group
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Smart Agriculture Market Share By Region (2016, 2021&2027F)
Table 5: Global Smart Agriculture Market Share By Country
Table 6: Global Smart Agriculture Market Share
Table 7:Europe Smart Agriculture Market Share By Country (2016, 2021&2027F)
Table 8: Key Facts of Raven Industries, Inc
Table 9: Key Facts of Merck & Co., Inc
Table 10: Key Facts of Deere & Company
Table 11: Key Facts of Trimble Inc.
Table 12: Key Facts of Topcon Positioning Systems, Inc.
Table 13: Key Facts of AGCO Corporation
Table 14: Key Facts of AG Leader Technology
Table 15: Key Facts of InnovaSea Systems, Inc.
Table 16: Key Facts of Abaco Systems, Inc.
Table 17: Key Facts of GEA Group Aktiengesellschaft (Gea CowScout)
Table 18: Key Facts of Heliospectra AB
Table 19: Key Facts of Nedap N.V.
Table 20: Key Facts of Gamaya SA
Table 21: Key Facts of AKVA group

List of Figures
Figure 1: Global Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 2: Global Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 3: Global Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 4: Europe Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 5: Europe Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 6: Europe Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 7: Germany Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 8: Germany Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 9: Germany Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 10: UK Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 11: UK Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 12: UK Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 13: France Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 14: France Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 15: France Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 16: Italy Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 17: Italy Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 18: Italy Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 19: Spain Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 20: Spain Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 21: Spain Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 22: Russia Smart Agriculture Market Size By Value 2016 to 2027F (In USD Millions)
Figure 23: Russia Smart Agriculture Market Share By Type (2016, 2021&2027F)
Figure 24: Russia Smart Agriculture Market Share By Offering (2016, 2021&2027F)
Figure 25: Market Attractiveness Index, 2021
Figure 26: Market Attractiveness Index, 2027F

Feed Phosphate Market Research FAQs

IoT smart farming solutions is a system that is built for monitoring the crop field with the help of sensors (light, humidity, temperature, soil moisture, crop health, etc.) and automating the irrigation system. The farmers can monitor the field conditions from anywhere.

It aims to tackle three main objectives: sustainably increasing agricultural productivity and incomes; adapting and building resilience to climate change; and reducing and/or removing greenhouse gas emissions, where possible.

Europe smart agriculture market is anticipated to grow at 12.04% CAGR during the forecast period.

France is projected to lead the Europe smart agriculture market by 2027.

Hardware offering type is projected to dominate the Europe smart agriculture market during the forecast period.
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Europe Smart Agriculture Market Outlook, 2027

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