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Internet of Things (IoT) in Farm Management Market Share

Report ID: GMI10622
Published Date: Aug 2024
Report Format: PDF

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Internet of Things in Farm Management Market Share

In 2023, Topcon Positioning Systems, Inc., CNH Industrial N.V., and Lindsay Corporation collectively commanded a dominant market share exceeding 18%. Topcon's flagship, the TAP (Topcon Agriculture Platform), harnesses IoT technology to revolutionize farm management. TAP seamlessly blends connectivity, cloud services, and data analytics, bolstered by its Cloudlynk devices. These devices ensure automatic data sync, enable remote support, and enhance fleet management, culminating in a holistic ecosystem for agricultural machinery.

CNH Industrial's Precision Farming solutions, deeply rooted in IoT, are a cornerstone of their farm management approach. Their telematics systems gather real-time data, empowering farmers to fine-tune machine operations and boost crop yields. With a fleet of connected vehicles and machinery, CNH Industrial equips farmers with data-driven insights, empowering them to make informed decisions and optimize their farm's performance.

Lindsay Corporation's IoT-driven FieldNET platform is a game-changer in farm management. It allows for remote monitoring and control of irrigation systems, enabling farmers to make real-time, data-backed decisions. By harnessing predictive analytics, Lindsay's platform not only enhances crop management but also elevates sustainability efforts, optimizing water and energy usage.

Internet of Things in Farm Management Market Companies

Major players operating on the Internet of Things (IoT) in the farm management industry are:

Topcon Positioning Systems, Inc.
CNH Industrial N.V.
Lindsay Corporation
Valmont Industries, Inc.
Trimble Inc.
John Deere
Hexagon Agriculture
DeLaval Inc.
Iteris, Inc.
AG Leader Technology

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of Internet of Things (IoT) in farm management reached USD 6.4 billion in 2023 and is set to register over 12.9% CAGR from 2024-2032, owing to the global imperative for heightened food production.

Internet of Things (IoT) in farm management industry from the hardware segment is expected to exceed USD 8.8 billion by 2032, due to its critical role in devices such as sensors, GPS, drones, and RFID tags that are essential for collecting real-time data.

North America market is expected to reach over USD 7.3 billion by 2032, attributed to the advanced agricultural practices and high technology adoption in the region.

Topcon Positioning Systems, Inc., CNH Industrial N.V., Lindsay Corporation, Valmont Industries, Inc., Trimble Inc., John Deere, Hexagon Agriculture, DeLaval Inc., Iteris, Inc., and AG Leader Technology, are some of the major Internet of Things (IoT) in farm management companies worldwide.