Artificial Intelligence
China Smart Agriculture and Autonomous Agricultural Machinery Market Report, 2022
New York, June 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “China Smart Agriculture and Autonomous Agricultural Machinery Market Report, 2022” – https://www.reportlinker.com/p06286412/?utm_source=GNW
Since 2022, the FAO (Food and Agriculture Organization) Food Price Index (FFPI) of has been soaring.
The No.1 central document, which is issued by China’s central authorities in 2022, pointed out, “We must firmly hold the bottom lines of guaranteeing China’s grain security and ensuring there will be no large-scale return to poverty.” It also called for greater efforts in the construction of digital villages, development of smart agriculture, as well as integrated application of information technology, agricultural machinery and agronomy. The outline of the “14th Five-Year Plan” mentioned that it is necessary to accelerate the development of smart agriculture and promote the digital transformation of agricultural production, operation and management services. The government’s work report in 2022 stipulated “the development of digital villages” for the first time, signaling an important way to realize the modernization of agriculture and rural areas.
The CAGR of China’s smart agriculture market size exceeds 14.1%, and agricultural digitalization generates a potential market
It is estimated that by 2025, the total output value of smart agriculture in the world will reach USD68.389 billion. In Asia-Pacific, the fastest growing region, smart agriculture mainly includes precision agriculture in fields, smart animal husbandry, smart fishery, and smart greenhouses; main technologies include remote sensing and sensor systems, agricultural big data and cloud service technology, intelligent agricultural equipment (UAVs, robots).
According to UN projections on population and hunger, the global population will increase by 2 billion by 2050, and agricultural productivity will need to increase by 60% to provide adequate food. Artificial intelligence and machine learning are likely to be at the core of new technologies to help close the gap in anticipated food needs for an additional 2 billion people worldwide by 2050. Global spending on connected smart farming technologies and systems, including artificial intelligence and machine learning, will grow significantly in the future.
In China, the increasing demand for modern agricultural machinery and the continuous R&D and application of new technologies will promote the sustained and rapid growth of the smart agriculture market. Driven by stimuli such as the national rural revitalization strategy and the national digital agriculture strategy, a potential agriculture market appeals to giants like Alibaba, JD.com, Baidu, and Tencent that have deployed smart agriculture to promote the construction of smart agriculture in China.
Smart agriculture is the starting point of rural revitalization. The encouragement and benefits at the macro level have spurred a large number of technology companies to smart agriculture, covering all sectors ranging from production to marketing. More and more technology start-ups bring a lot of capital while flocking into smart agriculture construction.
In the future, smart agriculture will see rapid growth under the influence of favorable policies, application of innovative technologies and capital support.
Smart agriculture is widely used at the micro level, with the top-level design in the planning and design stage
When it comes to smart agriculture, agricultural planting is in the spotlight. The main technologies involved herein include intelligent water and fertilizer integration, agricultural IoT monitoring, satellite remote sensing/meteorology/UAV-based aerial surveys with remote sensing, plant protection UAVs, autonomous agricultural machinery, and plant chemical factories. However, smart agriculture is far more than just agricultural planting where application cases are ubiquitous.
Smart agriculture covers the entire industrial chain of agricultural production, distribution and marketing, mainly including four application scenarios: digital agriculture (data platform services), plant protection UAVs, precision agriculture, and autonomous agricultural machinery. It is widely used in agricultural planting and animal husbandry. Wherein, data platform services and plant protection UAVs account for 75% of the total.
In China, there are many smart agriculture projects, and UAVs and autonomous agricultural machinery have developed rapidly. Chinese products can compete with foreign counterparts. The development potential of UAVs and autonomous agricultural machinery is enormous. However, China is still planning smart agriculture with the ongoing top-level design:
The construction of big data platforms is relatively late: the Big Data Center of the Ministry of Agriculture and Rural Affairs of China (MARA) was established in 2021. The top-level design of China’s agricultural and rural big data system construction has entered the stage of practical operation; by contrast, foreign agricultural big data platforms have developed for more than ten years, for example, the United States started building agricultural informatization in the 1950s, and supported smart agriculture through the establishment of agricultural informatization systems and agricultural databases with the state as the entity.
The top-level design of digital villages is being planned: since 2021, domestic local governments and Internet companies have launched their own top-level design for digital villages, such as 2021 Pukou’s suburban digital villages, Tencent’s top-level design for digital villages, the overall architecture of Alibaba Cloud Big Data Center, Tencent’s digital village system architecture, China Unicom’s overall digital village architecture, and Huawei’s overall business architecture for digital agriculture and rural areas. The top-level design has not yet been implemented. Mostly, the projects about autonomous planting, breeding and regional big data analysis platforms have been performed.
The UAV market is highly concentrated: 160,000 agricultural UAVs existed in China in 2021 with a year-on-year increase of 60%, and they served over 1.4 billion mu of land. DJI and XAG occupy more than 90% market share.
The pattern of autonomous agricultural machinery industry is unsettled: China’s best-selling autonomous agricultural machinery systems in 2021 included those from Heilongjiang Huida Technology Development Co., Ltd., Shanghai CHCNAV Co., Ltd. and Hunan Xiangshu Big Data Technology Co., Ltd. which adopted the BeiDou Navigation Satellite System. In 2021, the sales pattern of the BeiDou Navigation Satellite System changed significantly, and the dark horse sprung up, as a result of the sharp drop in the price of automatic navigation equipment.
Autonomous agricultural machinery has seen a higher sales volume but a lower price. It is experiencing a mature development period, with the market penetration rate swelling
In recent years, China’s autonomous agricultural machinery systems have developed radically. They have been just applied in northern regions (Xinjiang and Heilongjiang), while they are still in the germination stage in other areas of China where the farmland scale is moderate. Despite the regional imparity, China’s autonomous agricultural machinery systems as a whole have been growing swiftly.
More than 65,000 sets of the BeiDou Navigation Satellite System had been deployed for agricultural machinery as of 2021 when China might boast over 4.6 million domestic large and medium-sized agricultural tractors, which means the penetration rate of autonomous agricultural machinery systems was 1.4%. Among agricultural machinery, tractors are the first that realize autonomous driving in China. It is expected that the penetration rate of autonomous agricultural machinery systems will reach 6.5% by 2025 and about 20% by 2035.
The penetration rate of autonomous agricultural machinery systems in China is much lower than that in Europe and the United States. The EU plans to have 50% of agricultural machinery equipped with automatic navigation driving systems by 2025. According to Purdue University, the penetration rate of automatic navigation for agricultural machinery in the US hit 90% in 2019.
In 2020, the average price of autonomous agricultural machinery systems and equipment in China was RMB50,000-60,000 per set. In 2021, the substantial reduction in the subsidy standard dragged down the average price of automatic navigation equipment to only RMB36,000 per set.
With the completion of the ground base station network and the improvement of agricultural electrical control systems, the price of China’s autonomous agricultural machinery systems and equipment will decline slowly in the future, may be less than RMB25,000 per set by 2025.
In March 2022, China Association of Agricultural Machinery Manufacturers, China Agricultural Mechanization Herald, and China Agricultural Machinery Distribution Association jointly released the 2021 Best-selling Agricultural Machinery List (by the sales volume of subsidized agricultural machinery as of December 31, 2021), honoring Heilongjiang Huida Technology Development Co., Ltd., Shanghai CHCNAV Co., Ltd. and Hunan Xiangshu Big Data Technology Co., Ltd. which adopted the BeiDou Navigation Satellite System, as well as praising Heilongjiang Huida Technology Development Co., Ltd., Golden Field Technology Co., Ltd. and Beijing Agricultural Intelligent Equipment Technology Research Center for their best-selling agricultural operation monitoring terminals.
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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Bringing Everyone Together for UEFA EURO 2024™
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