LPWAN in particular supplies a range of features in terms of energy consumption and long-range transmission, in other words the main network requirements for the Smart Farming sector’s key applications.
These technologies offer multiple benefits in the area of farming, especially for the growing and livestock markets. Equipment and machinery can also benefit from broadband technologies that will help meet their data transmission and mobility needs.
Where are we today in terms of adoption?
Adoption levels for Smart Farming solutions are still quite low. This can be attributed in particular to financial barriers as these solutions remain unaffordable to the average farmer.
Network coverage is an added impediment to investment. A very large (and significant) percentage of farmers are not “connected”, added to which network coverage in rural areas tends to be poor.
The market itself is populated chiefly by veteran farming industry players, such as:
- farming equipment suppliers
- traditional farming solution providers
- new agritech start-ups.
What will drive the market forward in the medium term?
Data is a major enabler for Smart Farming. The issues and challenges are similar to those we seen in the connected health sector. The ability to interpret these data can enable farmers to optimise and better monitor the health of their livestock. So there is a real need for task-specific expertise in these agronomist models.
Climate change is another major source of momentum for this sector. This growing issue requires new and increasingly powerful models capable of anticipating changing weather patterns.
IBM Research estimates that 90% of yield losses are due to weather conditions: by combining weather forecasting models and precision agriculture techniques, these losses could be cut by 25%.
One added bonus is that the use of smart solutions helps to reduce paperwork considerably. For instance, trackers on farming equipment eliminates the need to keep a manual log of operators’ work hours. They also reduce the ability to commit fraud.
What outlook and forecasts for the market in the coming years?
The main driving force for the sector is farmers’ desire to improve productivity, as these solutions can enable them to optimise their crop and livestock yields, and so reduce their costs considerably. They could also potentially generate new revenue streams, such as improving their milk production for breeding purposes.
In 2025, there will be some 40 million Smart Farming devices in use worldwide, including growing and livestock apps and apps for farm equipment. Asia-Pacific is expected to be the market leader for the period running from 2018 to 2025.
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IDATE's DigiWorld experts unveiled the key trends of the DigiWorld Yearbook 2019, a flagship report that analyzes and provides the major trends in the digital economy that will change the game over the next decade in different sectors: telecoms and internet, financial services and insurance, health, energy, industry 4.0 ...