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Israel Precision Farming Market

Israel Precision Farming Market, By Component (Hardware, Software, Services), By Technology (Guidance System, Remote Sensing, Variable Rate Technology), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking, Irrigation Management, Farm Labor Management, Others) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2146
  • Available Format: PDF
  • Page: 110

Report Overview

Precision farming is growing in Israel due to the growing demand for efficient agricultural technologies, tools, and techniques, the rapid switch from labor-intensive to technology driven farming, and the numerous initiatives by companies to promote precision farming.

The Israel precision farming market is growing at the CAGR of 13.7% during the forecast period. Precision farming is growing in Israel due to the growing demand for efficient agricultural technologies, tools, and techniques, the rapid switch from labor-intensive to technology driven farming, and the numerous initiatives by companies to promote precision farming. Furthermore, the Israel precision farming market is likely to prosper in the forecast future as major firms take steps to deliver high-quality education on how to employ contemporary agricultural technologies to expand crop production.

Israel Precision Farming Market- Overview

Precision farming is an agricultural management technique that leverages technology and data to monitor and measure requirements of the crop at different stages of farming. In this approach, the quantity of resources is determined based on the size of the farm and how much the average yield should be. Precision farming, for example, involves observing and measuring the right type and amount of fertilizer a crop needs and applying it at the right time.

Israel Precision Farming Market Forecast and Trends

Growth Drivers

Increasing R&D Activities in Precision Farming

Israel precision farming has an innovative advantage over the world. In terms of agricultural innovations, it is only a step behind the US. Companies like SupPlant and Taranis are offering innovative solutions in precision farming in Israel. For instance, a startup called SupPlant developed sensor-less irrigation technology, which uses real-time data and algorithms to determine and generate precise irrigation plants for crops. Israel is also working hard to make water consumption as efficient as possible, with 80% of water being reused. Such breakthroughs provide enormous opportunity for local and rural communities to thrive.

Strong Presence of Local and Rural Communities

The strong presence of agricultural communities like Kibbutz and Moshav, which engage in the efficient management of the land and farming, favors the growth of the country as well as the precision farming market in Israel. Initially established as an agriculture-only community, the Kibbutz ventured into business and tried to develop and commercialize drip irrigation system. These communities assist in the sharing of agricultural land and resources in order to overcome obstacles encountered throughout the farming process. In Israel, such efforts benefit precision farming. Such efforts work in the favor of precision farming in Israel.

Restraints

Limited Knowledge of Modern Farming Technologies

Even though Israel is pioneering precision farming technologies, its adoption is still highly concentrated among the big farmers only. Israeli farmers are largely unaware of precision agriculture and the existence of advanced agricultural technologies, which in turn prevents their businesses from expanding. Furthermore, the high cost of such technologies serves as an additional barrier to their adoption. To combat this challenge, numerous companies are taking initiatives and running campaigns to educate farmers about the benefits of precision farming.

Impact of COVID-19 on Israel Precision Farming Market

The COVID-19-induced pandemic declared by the World Health Organization significantly affected the economy of several countries. With the surging COVID-19 cases in the country, the authorities imposed a lockdown in the country to control the spread of the virus. Due to this, manufacturing and production operations were completely halted, which negatively affected the Israel precision farming market. Furthermore, disruptions in the supply chain affected the market as the floating demand for precision farming components and technologies could not be met.

Israel Precision Farming Market - By Component

Based on components, the Israel precision farming market is segmented into hardware, software, and services. The hardware segment accounts for the largest market share due to the growing adoption of controlled and automation devices in farming activities to increase agricultural production. This segment is further classified into automation and control systems, and sensing and monitoring devices. Automation and control hardware components are proliferating in the Israeli precision farming market due to the increased efficiency in the farming process and reduced labor requirements.

Israel Precision Farming Market - By Technology

Based on technologies, the Israel precision farming market is segmented into guidance systems, remote sensing, and variable rate technology. The guidance system segment is witnessing substantial growth in the Israeli market and is projected to witness the highest CAGR during the forecast period as well. It is one of the most advanced and widely used precision farming technologies. It is used to precisely navigate to specific areas in the field over time to collect soil samples or monitor crop conditions.

Israel Precision Farming Market - By Application

Based on applications, the Israel precision farming market is segmented into yield monitoring, field mapping, crop scouting, weather tracking, irrigation management, farm labor management, and others. A sensor-based yield monitoring system provides vital georeferenced information regarding moisture content of a crop at harvest time, which is necessary for accurate yield management. Furthermore, the irrigation management segment is also expected to witness the highest CAGR during the forecast period because of the efficient drip irrigation technologies in Israel proposed by emerging startups.

Competitive Landscape

The leading market players in the Israel precision farming market are Saturas Israel, Taranis Israel, Tevatronic, Prospera Technologies Ltd., Haifa Group, CropX Technologies, Roots Sustainable Agricultural Technologies Ltd., PickApp Farming Ltd., Metzer Group, Netafim Ltd, SupPlant, and other prominent players.

The companies significantly adopt competitive strategies like partnerships, mergers & acquisitions, collaborations, and joint ventures to expand their market and establish themselves as leading brands to improve their distribution system. The industry participants have also been taking various initiatives to promote the use of modern technologies and precision farming techniques among Israeli farmers to increase their market revenue.

Recent Developments

  • In July 2021, Amir Marketing and Investments in Agriculture Ltd., announced to have signed an exclusive agreement with the NDrip to distribute NDrip’s precision irrigation system to Israeli farmers.
  • In June 2021, SupPlant, an Israeli agricultural company, announced to have raised USD 10 million in the funding round led by Boresight Capital, Menomadin Foundation, Smart-Agro Fund, and Mivtah Shamir.

 

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Product Service/Segmentation

By Component, By Technology, By Application,

Key Players

Saturas Israel, Taranis Israel, Tevatronic, Prospera Technologies Ltd., Haifa Group, CropX Technologies, Roots Sustainable Agricultural Technologies Ltd., PickApp Farming Ltd., Metzer Group, Netafim Ltd, SupPlant, and other prominent players.

 

By Component

  • Hardware
  1. Automation and Control System
  2. Sensing and Monitoring Devices
  • Software
  1. Web-Based
  2. Cloud-Based
  • Services
  1. System Integration and Sensing
  2. Maintenance and Support
  3. Professional & Managed Services

By Technology

  • Guidance System
  • Remote Sensing
  • Variable Rate Technology

By Application

  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking
  • Irrigation Management
  • Farm Labor Management
  • Others
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Expanding r&d Activities in Precision Farming
        2. Strong Presence of Local and Rural Communities
      2. Market Restraints
        1. Limited Knowledge of Modern Farming Technologies
      3. Market Challenges
        1. Negative Influence of the COVID-19 Pandemic
      4. Market Opportunity
        1. Technological Advancements in Precision Farming
        2. Emerging Israel-Based Agtech Startups
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Israel Precision Farming Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Component
        1. Hardware
          1. Automation and Control System
          2. Sensing and Monitoring Devices
        2. Software
          1. Web Based
          2. Cloud Based
        3. Services
          1. System Integration and Sensing
          2. Maintenance and Support
          3. Professional & Managed Services
      2. By Technology
        1. Guidance System
        2. Remote Sensing
        3. Variable Rate Technology
      3. By Application
        1. Yield Monitoring
        2. Field Mapping
        3. Crop Scouting
        4. Weather Tracking
        5. Irrigation Management
        6. Farm Labour Management
        7. Others
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
  7. Impact of COVID-19 on Israel Precision Farming Market
  8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Saturas Israel
    2. Taranis Israel
    3. Tevatronic
    4. Prospera Technologies Ltd.
    5. Haifa Group
    6. CropX Technologies
    7. Roots Sustainable Agricultural Technologies Ltd.
    8. PickApp Farming Ltd.
    9. Metzer Group
    10. Netafim Ltd.
    11. SupPlant
    12. Other Prominent Players
  9. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Israel Precision Farming Segmentation

 

Figure 2: Israel Precision Farming Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Israel Precision Farming Market Size, By Value (USD Million), 2020-2027

 

Figure 5: Israel Precision Farming Market Share (%), By Component, By Value, 2020-2027

 

Figure 6: Israel Precision Farming Market Share (%), By Technology, By Value, 2020-2027

 

Figure 7: Israel Precision Farming Market Share (%), By Application, By Value, 2020-2027

 

List of Tables

 

Table 1: Israel Precision Farming Market Size, By Component, By Value, 2020-2027

 

Table 2: Israel Precision Farming Market Size, By Technology, By Value (USD Million), 2020-2027

 

Table 3: Israel Precision Farming Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 4: Saturas Israel Financial Analysis

Table 5: Saturas Israel Business Overview

Table 6: Taranis Israel Financial Analysis

Table 7: Taranis IsraelBusiness Overview

Table 8: Tevatronic Corporation Financial Analysis

Table 9: Tevatronic Corporation Business Overview

Table 10: Prospera Technologies Ltd.Financial Analysis

Table 11: Prospera Technologies Ltd.Business Overview

Table 12: Haifa GroupFinancial Analysis

Table 13: Haifa GroupBusiness Overview

Table 14: CropX Technologies Financial Analysis

Table 15: CropX Technologies Business Overview

Table 16: Roots Sustainable Agricultural Technologies Ltd. Financial Analysis

Table 17: Roots Sustainable Agricultural Technologies Ltd. Business Overview

Table 18: PickApp Farming Ltd. Financial Analysis

Table 19: PickApp Farming Ltd. Business Overview

Table 20: Metzer GroupFinancial Analysis

Table 21: Metzer GroupBusiness Overview

Table 22: Netafim Ltd Financial Analysis

Table 23: Netafim Ltd Business Overview

Table 24: SupPlantFinancial Analysis

Table 25: SupPlant Financial Analysis

Market Segmentation

By Component

  • Hardware
  1. Automation and Control System
  2. Sensing and Monitoring Devices
  • Software
  1. Web-Based
  2. Cloud-Based
  • Services
  1. System Integration and Sensing
  2. Maintenance and Support
  3. Professional & Managed Services

By Technology

  • Guidance System
  • Remote Sensing
  • Variable Rate Technology

By Application

  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking
  • Irrigation Management
  • Farm Labor Management
  • Others
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Frequently Asked Questions (FAQs):

Ans: Israel Precision Farming Market is currently growing at the CAGR of 13.7%.
Ans: The major factors driving the growth of the Israel Precision Farming Market areexpanding R&D activities in precision farming and strong presence of local and rural communities.
Ans: The key players in the Israel Precision Farming Market are: Saturas Israel, Taranis Israel, Tevatronic, Prospera Technologies Ltd., Haifa Group, CropX Technologies, Roots Sustainable Agricultural Technologies Ltd., PickApp Farming Ltd., Metzer Group, Netafim Ltd, SupPlant, and other prominent players.
Ans: The hardware segment accounted for the largest share in the Israel Precision Farming Market.
Ans: The yield monitoring segment holds the largest market share based on applications.