ASEAN-Goldmine of Opportunities for Smart Farming and IoT Applications
The aim of this market insight is to highlight the key technological developments in the field of agriculture, with a focus on enabling technologies that will transform the agriculture sector in ASEAN countries. It will discuss smart farming, and the crucial role it is set to play to address the major challenges of growing food demand, soaring operating costs, climate change, and nutrition loss. It explains how Internet of Things (IoT) can be applied in the agriculture sector, in light of precision agriculture for optimum resource utilisation. It will also analyse with the main challenges faced by farmers, such as depleting water supplies.
The study provides country-by-country in-depth analyses of current and future technology penetration of IoT and smart farming technologies in the ASEAN region. It also covers key drivers and restraints, market trends, growth opportunities, and the competitive landscape from 2017 to 2022, in addition to strategic recommendations for better agriculture practices.
According to the United Nations Food and Agriculture Organization, the world will need to produce 70% more food in 2050, to feed the growing population. Factors such as climate change, limited arable land, water scarcity, labor demand, distress migration, crop failures dues to outbreak in pests and diseases, and other variables will further aggravate this demand for global food production. To meet this demand, technology will play an important role, as farmers, agricultural companies, and government organisations are turning to IoT and smart farming.
The penetration of technology and analytics will increase at a rapid pace and smart technologies that best address industry challenges in the most cost-effective way possible will be in demand.
Applications of IoT in farming technologies considered are as follows:
Agriculture Robotics and Drones
Farm Management Information System
Smart Logistics and Warehousing
Climate Monitoring and Forecast
The study covers market forecasts and trends of technology penetration, for the study period of 2018 to 2022, with the base year as 2017. The geographic scope of the study includes the ASEAN countries of Thailand, Vietnam, Indonesia, Malaysia, the Philippines, Singapore, Myanmar, Cambodia, Laos, and Brunei.
Key sections included in this study are as follows:
Application of IoT in Farming in ASEAN Countries
ASEAN Smart Farming Technology Roadmap
Business Opportunities: Smart Farming
Major Stakeholders in Smart Farming
Breakdowns by ASEAN country profiles (covering smart farming market potential and technology roadmaps, smart start-ups, and country econometrics)