Asia Pacific Agriculture Variable Rate Technology Market: Industry Analysis and Forecast (2024-2030)

Asia Pacific Agriculture Variable Rate Technology Market Overview

Demand for food and agricultural commodities and resources is expected to continue to be driven by Asia's huge and growing population and rising earnings, and a growing middle class. Asia's agribusiness and food & agriculture companies are forecasted to grow rapidly to satisfy increasing demand, national legislation, rising organizational skills, and integration and consolidation throughout the value and supply chain.

 

The COVID-19 epidemic not only sparked a new form of farming crisis but also struck at a terrible period for American farmers. In most years over the last few years, global commodity output has surpassed demand, resulting in lower prices. Global commodities supply has generally exceeded demand since the unprecedented 2012 U.S. drought and peak commodity prices in 2013, fueling sustained price decreases. Producer prices for corn decreased 48 percent from $6.89 per bushel to $3.56 per bushel between 2012 and 2019, and producer prices for soybeans fell 40% - nearly six dollars per bushel. 

 

 

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Asia Pacific Agriculture Variable Rate Technology Market Dynamics

Increasing population and consumption

 

While population growth in North America and Europe is predicted to be minimal, Asia's population is expected to rise from 4.3 billion in 2015 to 5.1 billion by 2050. The two largest economies in Asia, the People's Republic of China and India, are already significant players in the global food system. China and India, for example, account for 28% of global cereal consumption and roughly 40% of international palm oil use. China consumes 25 percent of the world's soy and 27 percent of the world's meat, respectively. Higher economic growth in Asian economies amplifies Asia's importance for food markets, which will impact both the mix and amount of food consumption.

 

An increase in cereal consumption occurs during the early phases of economic growth when average income rises. However, when income rises, food consumption changes away from basics and toward protein and other high-value foods such as dairy and fruits and vegetables. With the region's economic prosperity expected to improve, we can expect significant changes in the shape and composition of the Asian food basket. This shift in consumption habits is shown in China. Cereal consumption increased as Chinese consumers' average income began to rise in the early 1980s. However, since the late 1990s, there has been a greater emphasis on protein meals and fruits and vegetables.

 

Furthermore, as the percentage of modern trade in total grocery grows, consumers will shift away from raw and unbranded foods and toward branded and packaged foods.  While per capita rice consumption in India is falling behind population growth, the organized, branded rice market rises at 15% per year.

 

Digital Government Initiatives

 

The usage of e-Kakashi, an IoT (internet of things) tool to evaluate data collected by sensory nodes placed around each field, was one of the digital technologies used in Yosano-Cho, Japan. These nodes capture data on humidity, solar radiation, soil temperature, the water content in the soil, and CO2 levels in the fields every ten minutes. These data are delivered to a device with a built-in communication module, which is managed in the cloud and accessible by farmers at any time and from any location.

 

Deqing, China, was chosen as one of the national pilot sites for digitalizing agriculture in 2019 to examine the model of digital technology for rural vitalization. Deqing has created ten digital agriculture demonstration parks and 100 digital application demonstration parks with government funding and assistance. The county has undergone a large-scale digital revolution by expanding financial input, integrating various resources, and relying on geographic information technology, focusing on the entire rural area and the whole agricultural production industrial chain.

 

 

Increasing technology intervention at the agricultural level is another crucial strategy to supplement existing food supplies. While conventional options such as hybrid seeds, integrated pest management programs, or better farming practices remain the primary drivers, other interventions such as small-scale mechanization, efficient water management systems, and data management may increasingly find a place in Asian farms. High levels of mobile communication technology adoption could aid the transmission of timely weather information, tailored guidance on nutrient and water management, and the sharing of best agricultural practices via mobile apps. agribusiness connection is being firmly established

 

Asia Pacific Agriculture Variable Rate Technology Market Overview Market Segmentation

The Asia Pacific Agriculture Variable Rate Technology market is segmented by product type, application, by Services, by Crop Type, by farm type, and geographical region in this report. The Agriculture Variable Rate Technology market by Product type is segmented into Soil Sensing, Fertilizer VRT, Crop Protection Chemical VRT, Seeding VRT, Yield Monitoring, Irrigation VRT, and Others.

 

The practice of gathering georeferenced data on crop yield and attributes, such as moisture content, while the crop is harvested is called yield mapping. Crop yields have been mapped using a variety of approaches utilizing a variety of sensors. According to the operator's manual, each sensor must be calibrated appropriately. The signal from the sensor is converted to physical parameters during calibration. During harvest, a proprietary binary log file is created to record the output of all sensors over time. This file can be translated to text or shown as a map using the yield monitor vendor's software.

 

Sensor-based technology is becoming available, which can be defined as real-time sensing and variable-rate control. Crop Technology, Inc., of Houston, TX, sells one such system. The Soil doctor claims to use a "rolling electrode" to "analyze soil type, organic matter, cation exchange capability, soil moisture, and nitrate-nitrogen levels." There is no requirement for a positioning system because no maps are necessary when sensing these attributes on the go, and data processing is considerably simplified. However, the system can interface with a GPS and generate site-specific maps if the operator wants to record the sensor outputs and use this information for other purposes. The sensor measurements must be synchronized with the desired application rate for the same spot in this system. In some cases, the sensor may need to be installed on the front of the tractor or spreader truck for the variable-rate applicator's controller to alter the rate before passing the sensed site. The sensors must respond almost instantly to changes in the soil to achieve effective real-time control.

 

 

Asia Pacific Agriculture Variable Rate Technology Market Regional Analysis:

The report contains an in-depth analysis of the Asia Pacific Agriculture Variable Rate Technology market by geographical region. Because of their abundant arable land and sizeable population-driven food demand growth, China and India are the most significant contributors to Asia Pacific's food output. The trend is anticipated to continue with substantial government financial assistance to induce mechanisation and productivity in agriculture. Because of the heavy usage of fertilizers and the enormous percentage of land committed to agriculture, the sector relies on upgraded technology to expand. Some major producers are already using new technology to boost output. The Asia Pacific connected agriculture market was valued at USD 120.23 million in 2021 and is expected to exhibit a growth rate of 19.36 percent to reach USD 347.66 million by 2027. Emerging Asia Pacific countries are investing extensively in educating and training their farmers about the benefits of variable rate technologies, which is aided by social bodies' encouragement.

 

This report aims to analyze current market trends and potential opportunities to enhance growth to succeed in the industry. The report identifies factors influencing market dynamics and development of the Asia Pacific Agriculture Variable Rate Technology market and how this will control investment during the forecasting period. The report studies regional markets to provide valuable insights into revenue and predicted value; information also includes the competitive landscape of key industry players and their recent developments.

 

Through comprehensive research supported by qualitative and quantitative data, this report provides essential information on the market behavior during the projection period (2024-2030). It also recognizes dominant segments in the market, projects their development, and identifies new elements that will dominate with technological advancements.

 

 

The report contains detailed analyses through Porter's five forces model to determine the industry's structure and help devise a corporate strategy for the market. The model reports provide essential information about stakeholders' influence, product quality, substitute products, etc. The report also analyses whether the Asia Pacific Agriculture Variable Rate Technology market is accessible for new competitors to gain a foothold, whether they enter or exit the market regularly, and if a few players dominate it.

 

A measured approach is adopted through Pestel analysis to quantify factors including government policies, economic structure, and political situations that will affect the development of this sector. Economic variables aid in studying financial performance drivers that impact the Asia Pacific Agriculture Variable Rate Technology Market. The report also considers environmental and legal factors that may affect the progress in this industry.

 

Asia Pacific Agriculture Variable Rate Technology Market Scope

Asia Pacific Agriculture Variable Rate Technology Market Scope
Market Size in 2023	USD 2.35 Bn.
Market Size in 2030	USD 5.56 Bn.
CAGR (2024-2030)	13.1%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Type Soil Sensing Fertilizer VRT Crop Protection Chemical VRT Seeding VRT Yield Monitoring Irrigation VRT And Others
	By Application Sensor-Based VRT Map-Based VRT Other Applications
	By Services Hardware Software Other Services
	By Crop Type Cereals and Grains Oilseeds and Pulses Fruits and Vegetables
	By Farm Type Small Medium Large
Country Scope	China India  Japan  South Korea               Australia  ASEAN Rest of APAC

 

Asia Pacific Agriculture Variable Rate Technology Major Competitors

The Asia Pacific Agriculture Variable Rate Technology demands innovation and progress in a continuously changing landscape with new government policies and development. Thus, significant players often opt for strategies to invest in research and more recent technologies to be market-ready. Details profiles about the competitors, including revenue, market size, analysis, and technological advancements, are covered in this report.

• A.G. Leader Technology (U.S.)
• Kubota Corporation (Japan)
• Lindsay Corporation (U.S.)
• SZ DJI Technology Co., Ltd. (China)
• Teejet Technologies (US)
• The Climate Corporation (U.S.)
• Topcon Corporation (Japan)