Digital Transformation of the Australian Agriculture Sector, Forecast to 2022

Digital Transformation of the Australian Agriculture Sector, Forecast to 2022

Niche Solutions to Gain Traction over the Medium Term. Integrated Platforms are the Long-term Opportunity

RELEASE DATE
21-May-2019
REGION
Asia Pacific
Research Code: 9AAC-00-46-00-00
SKU: IA01521-AP-MR_23197

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Description

Transforming from traditional farming techniques to adopting precision agriculture solutions requires substantial capital investment. This investment decreases on a year-over-year basis and at the same time, the savings per unit of production increases exponentially. Farmers adapting to modern agriculture techniques have been able to carry out farming in a more efficient way, while reducing waste. For example, a GPS-based (Global Positioning Satellite) navigation system for a tractor provides highly accurate plowing, seeding, and harvesting.

For long, farmers have used their experience and knowledge to judge the health of crops. One major drawback of this, is that the accuracy of detection is not high, which leads to losses and sub-standard products being harvested. With the advent of low-cost sensing techniques, farmers can now accurately judge the health of crops and take necessary steps based on readings. Crop sensors measure various parameters that can determine the ripeness and quality of individual plants.

The significant fall in sensor hardware costs has helped improve affordability of agritech solutions and spur uptake. Over a period of time, there has been a migration from simple to smart sensors to meet diverse agricultural application needs.

In 2016, Australia’s own agtech community emerged. The National Farmers’ Federation teamed up with Findex to establish SproutX, a $10 million agtech fund and Australia’s first agtech incubator, and put 100 people from diverse backgrounds through a pre-accelerator course.

In 2017, the government announced funding of $50 million over ten years for the Food Agility Cooperative Research Centre (CRC) to accelerate research and commercialisation in the agtech sector.

Key Issues Addressed

  • What are the key growth drivers for digital transformation of the Australian agriculture sector?
  • What are the key restraints to digital transformation of the agriculture sector?
  • What is the size and growth forecast for digital spend in the agriculture sector?
  • What technology, demand and service trends are likely to impact the opportunity?
  • Who are the leading solutions providers and what competitive tools provide differentiation in this market?

Author: Ivan Fernandez

Table of Contents

Key Findings

Scope and Definitions

Scope and Definitions (continued)

Key Questions this Study will Answer

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Breakdown by Product Category

Percent Revenue Breakdown by Solution

Percent Revenue Breakdown by End-user Segment

Key Enablers

Technology Lifecycle Analysis

Technologies in Focus

Technologies in Focus (continued)

Technologies in Focus (continued)

Perspective on Communications

Case Studies

Case Studies (continued)

Case Studies (continued)

Case Studies (continued)

Industry Structure

Industry Structure (continued)

Industry Structure (continued)

Competitors to Watch

Competitors to Watch (continued)

Competitors to Watch (continued)

Competitors to Watch (continued)

Competitors to Watch (continued)

Competitors to Watch (continued)

Positioning Strategies

Innovation Ecosystem

Importing Precision Agriculture Solutions

Major Growth Opportunities

Strategic Imperatives for Success and Growth

The Last Word

Agriculture—Sector Trends

Agriculture—Policy

Agriculture—Policy (continued)

Legal Disclaimer

List of Exhibits

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Transforming from traditional farming techniques to adopting precision agriculture solutions requires substantial capital investment. This investment decreases on a year-over-year basis and at the same time, the savings per unit of production increases exponentially. Farmers adapting to modern agriculture techniques have been able to carry out farming in a more efficient way, while reducing waste. For example, a GPS-based (Global Positioning Satellite) navigation system for a tractor provides highly accurate plowing, seeding, and harvesting. For long, farmers have used their experience and knowledge to judge the health of crops. One major drawback of this, is that the accuracy of detection is not high, which leads to losses and sub-standard products being harvested. With the advent of low-cost sensing techniques, farmers can now accurately judge the health of crops and take necessary steps based on readings. Crop sensors measure various parameters that can determine the ripeness and quality of individual plants. The significant fall in sensor hardware costs has helped improve affordability of agritech solutions and spur uptake. Over a period of time, there has been a migration from simple to smart sensors to meet diverse agricultural application needs. In 2016, Australia’s own agtech community emerged. The National Farmers’ Federation teamed up with Findex to establish SproutX, a $10 million agtech fund and Australia’s first agtech incubator, and put 100 people from diverse backgrounds through a pre-accelerator course. In 2017, the government announced funding of $50 million over ten years for the Food Agility Cooperative Research Centre (CRC) to accelerate research and commercialisation in the agtech sector.--BEGIN PROMO--

Key Issues Addressed

  • What are the key growth drivers for digital transformation of the Australian agriculture sector?
  • What are the key restraints to digital transformation of the agriculture sector?
  • What is the size and growth forecast for digital spend in the agriculture sector?
  • What technology, demand and service trends are likely to impact the opportunity?
  • Who are the leading solutions providers and what competitive tools provide differentiation in this market?

Author: Ivan Fernandez

More Information
No Index No
Podcast No
Author Ivan Fernandez
Industries Industrial Automation
WIP Number 9AAC-00-46-00-00
Is Prebook No
GPS Codes 9672-A9,9839-A9,9B07-C1,9593,9420