Agriculture Telematics Market Trends and Forecast
The future of the global agriculture telematics market looks promising with opportunities in the farm equipment dealer and farmer markets. The global agriculture telematics market is expected to grow with a CAGR of 12.4% from 2024 to 2030. The major drivers for this market are increased demand for precision farming to optimize crop yields and reduce costs, growing adoption of IoT and smart farming technologies in agriculture, and rising need for real-time data analytics and farm monitoring solutions.
• Lucintel forecasts that black box is expected to witness the highest growth over the forecast period.
• Within this market, farm equipment is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Agriculture Telematics Market
• United States: John Deere launched a new telematics solution aimed at enhancing precision farming. This system integrates real-time data analytics to improve crop yields. The U.S. Department of Agriculture announced a $10 million grant for advancing digital agriculture technologies, targeting rural connectivity improvements by 2025.
• Germany: CLAAS introduced its latest telematics platform, designed to provide farmers with detailed machine data and predictive maintenance alerts. The German government allocated €20 million to support the digital transformation of agriculture, focusing on smart farming technologies and sustainability goals for 2030.
• Brazil: AGCO expanded its telematics offerings in Brazil, aiming to increase the adoption of precision agriculture tools among local farmers. The Brazilian Ministry of Agriculture announced a partnership with local tech firms to enhance agricultural productivity through digital solutions, with a target to increase telematics usage by 40% by 2026.
• Australia: CNH Industrial launched a new suite of telematics services in Australia, enhancing data-driven decision-making for farmers. The Australian government committed $15 million to boost agricultural innovation, emphasizing the development and integration of telematics and IoT technologies in farming practices to achieve a 30% productivity increase by 2027.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Agriculture Telematics Market by Segment
The study includes a forecast for the global agriculture telematics market by type, application, end use, and region.
Agriculture Telematics Market by Type [Value from 2018 to 2030]:
• Black Box
• Bluetooth Powered
• Smart-Phone Based
• OEM
• OBD-II Port
Agriculture Telematics Market by Application [Value from 2018 to 2030]:
• Receiving & Storing
• Communication
• Information Technology
Agriculture Telematics Market by End Use [Value from 2018 to 2030]:
• Farm Equipment Dealers
• Farmers
Agriculture Telematics Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Agriculture Telematics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agriculture telematics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agriculture telematics companies profiled in this report include-
• John Deere
• Topcon Positioning Systems
• AKVA
• Afimilk
• DeLaval
• Antelliq
• LumiGrow
Recent Development in the Agriculture Telematics Market
• Trimble Inc.: Announced the integration of its telematics solutions with agricultural machinery to enhance data collection and improve farm management efficiency.
• John Deere: Launched a new telematics system that allows real-time monitoring of equipment performance and field operations, aiming to increase productivity and reduce downtime.
• AGCO Corporation: Introduced a cloud-based telematics platform that provides farmers with insights on machine usage, fuel consumption, and maintenance needs.
• Kubota Corporation: Partnered with a leading telematics provider to develop advanced connectivity solutions for its agricultural machinery, focusing on precision farming and operational efficiency.
• CNH Industrial: Expanded its telematics offerings with new features for fleet management and predictive maintenance, helping farmers to optimize their operations and reduce costs.
Features of the Global Agriculture Telematics Market
Market Size Estimates: Agriculture telematics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Agriculture telematics market size by type, application, end use, and region in terms of value ($B).
Regional Analysis: Agriculture telematics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the agriculture telematics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agriculture telematics market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for agriculture telematics market?
Answer: The global agriculture telematics market is expected to grow with a CAGR of 12.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the agriculture telematics market?
Answer: The major drivers for this market are increased demand for precision farming to optimize crop yields and reduce costs, growing adoption of IoT and smart farming technologies in agriculture and rising need for real-time data analytics and farm monitoring solutions.
Q3. What are the major segments for agriculture telematics market?
Answer: The future of the agriculture telematics market looks promising with opportunities in the farm equipment dealer and farmer markets.
Q4. Who are the key agriculture telematics market companies?
Answer: Some of the key agriculture telematics companies are as follows:
• John Deere
• Topcon Positioning Systems
• AKVA
• Afimilk
• DeLaval
• Antelliq
• LumiGrow
Q5. Which agriculture telematics market segment will be the largest in future?
Answer: Lucintel forecasts that black box is expected to witness the highest growth over the forecast period.
Q6. In agriculture telematics market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the agriculture telematics market by type (black box, bluetooth powered, smart-phone based, OEM, and OBD-II port), application (receiving & storing, communication, and information technology), end use (farm equipment dealers and farmers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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