Global Agriculture M2M Market to Reach $83 Billion by 2030
The global market for Agriculture M2M estimated at US$7.2 Billion in the year 2023, is expected to reach US$83 Billion by 2030, growing at a CAGR of 35.7% over the period 2023-2030. Equipment Control & Monitoring, one of the segments analyzed in the report, is expected to record 36.8% CAGR and reach US$40 Billion by the end of the analysis period. Growth in the Crop Management segment is estimated at 35.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 33.4% CAGR
The Agriculture M2M market in the U.S. is estimated at US$2.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2030 trailing a CAGR of 33.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.2% and 30.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 23.5% CAGR.
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What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 16 Featured) -
Aeris Communications, Inc.
Argus Control Systems Ltd.
Davis Instruments
Elecsys Corporation
Eltopia Communications
John Deere
Kontron AG
Mahindra & Mahindra Ltd.
McCrometer, Inc.
Orange Business Services
SemiosBio Technologies Inc.
Telit Communications PLC
Trimble, Inc.
Turkcell Iletisim Hizmetleri AS
Tyro Remotes UK
Valley Irrigation
Verizon Communications, Inc.
Vodafone Group PLC
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Agriculture M2M - Global Key Competitors Percentage Market Share in 2022 (E)
Global Economic Update
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Growing Need to Improve Farming Efficiency Results in Rising Adoption of M2M Technology in Agricultural Activities
Applications of Agriculture M2M Technology
Agriculture M2M Market: Percentage Market Share Breakdown by Application for Developed and Developed Regions
North America and Europe Witness Growing Adoption of Agriculture M2M Technology
Competition
Leading Vendors in the Global Agriculture M2M Market
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rapidly Growing M2M Market Presents Opportunities for Adoption in Agriculture Industry
Machine to Machine (M2M) Connections Worldwide in Billions for the Period 2014-2021
Rising Concerns Over Food Security Drive Adoption of M2M to Improve Agricultural Yield and Efficiency
Global Agricultural Output: Sources of Growth of Output for the Period 1961-70 to 2001-14
Agricultural Land as % of Total Land Area Worldwide for the Period 1961-2016
M2M Technology Enables Industrialization of Agricultural Operations
IoT Revolutionizing the Farming Sector
Cellular M2M in Agriculture Sector: An Overview
Cellular M2M Connections in Agriculture Industry (in Million) in Select Countries
Expanding Cellular M2M Connectivity Augurs Well for Agri M2M Market
Growing Number of Cellular M2M Connections Present Opportunity for M2M Adoption in Agriculture Industry: Number of Cellular M2M Connections Worldwide in Millions for the Years 2010 through 2020
Satellite M2M/IoT Market Progress Augurs Well for its Adoption in Farming Sector
Global Satellite M2M/IoT Market: Revenues in US$ Million for the Years 2017, 2019, 2021, 2023 and 2025
Global M2M/IoT Satellite Market: Percentage Breakdown of Revenues by Vertical for the Year 2025
Unique Capabilities Facilitate Expansion of Satellite M2M into Agriculture Sector
An Insight into IoT Application in Agriculture and Smart Farming
Smart Farming: Leveraging Capabilities of M2M to Improve Crop Yield
Product Overview
What is M2M?
Agriculture M2M: An Introduction
Applications and Use Cases of M2M in Agriculture
Recent Industry Activity
John Deere Acquires Blue River Technology
AGCO Partners with Solinftec for Digital Agriculture Solutions
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Agriculture M2M Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Agriculture M2M by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 3: World 7-Year Perspective for Agriculture M2M by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for Equipment Control & Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 5: World 7-Year Perspective for Equipment Control & Monitoring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 6: World Recent Past, Current & Future Analysis for Crop Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 7: World 7-Year Perspective for Crop Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 8: World Recent Past, Current & Future Analysis for Environmental Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 9: World 7-Year Perspective for Environmental Monitoring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 10: World Recent Past, Current & Future Analysis for Livestock Farming & Fishery Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 11: World 7-Year Perspective for Livestock Farming & Fishery Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 12: World Recent Past, Current & Future Analysis for Smart Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 13: World 7-Year Perspective for Smart Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 14: USA Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 15: USA 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
CANADA
TABLE 16: Canada Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 17: Canada 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
JAPAN
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 18: Japan Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 19: Japan 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
CHINA
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 20: China Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 21: China 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
EUROPE
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 22: Europe Recent Past, Current & Future Analysis for Agriculture M2M by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 23: Europe 7-Year Perspective for Agriculture M2M by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
TABLE 24: Europe Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 25: Europe 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
FRANCE
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 26: France Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 27: France 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
GERMANY
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 28: Germany Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 29: Germany 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
ITALY
TABLE 30: Italy Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 31: Italy 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
UNITED KINGDOM
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 32: UK Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 33: UK 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
REST OF EUROPE
TABLE 34: Rest of Europe Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 35: Rest of Europe 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
ASIA-PACIFIC
Agriculture M2M Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 36: Asia-Pacific Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 37: Asia-Pacific 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030
REST OF WORLD
TABLE 38: Rest of World Recent Past, Current & Future Analysis for Agriculture M2M by Application - Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 39: Rest of World 7-Year Perspective for Agriculture M2M by Application - Percentage Breakdown of Value Sales for Equipment Control & Monitoring, Crop Management, Environmental Monitoring, Livestock Farming & Fishery Management and Smart Logistics for the Years 2024 & 2030