According to Markntel Advisors Report, ISOBUS Component Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
ISOBUS is an agricultural communication protocol that is governed by the International Organization of Standardization (ISO) and the Agriculture Industry Electronics Foundation. It is based on the SAE J1939 protocol (AEF). The standard serves as the foundation for embedded software designed to achieve data transfer and communication interoperability among various agricultural implements such as sensors, actuators, control units, cloud servers, and display units, whether mounted or integrated into the tractor. The regional connectivity achieved with ISOBUS equipment has been critical in implementing technological services that will enhance field productivity and efficiency.
Global ISOBUS Component Market Research Report & Summary:
The Global ISOBUS Component Market size was valued at around USD 713.1 million in 2023 and is estimated to grow at a CAGR of around 8.1% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the ISOBUS Component Market?
The top companies of the ISOBUS Component Market ruling the industry are:
AMAZONEN-WERKE H. DREYER SE & Co. KG, Anedo GmbH, CLAAS KGaA mbH, CNH Industrial N.V., DEUTZ-FAHR Fendt, Deere & Company, Hexagon Agriculture, Krone NA, Inc., Kuhn Group, Kvaser, Kverneland Group, LEMKEN GmbH & Co. KG, Massey Ferguson, PÖTTINGER Landtechnik GmbH, Others
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ISOBUS Component Industry Recent Development:
- In 2023: SDF and Deutz-Fahr partnered strategically. The expansion intends to manufacture technically sophisticated and ISOBUS-compatible tractors and agricultural equipment for Deutz-Fahr and to collaborate on SDF Smart Farming Solutions like ISOBUS.
What is Included in ISOBUS Component Market Segmentation?
The ISOBUS Component Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Application
-Tractor
-Planter and Seeder
-Harvesters
-Others
-By Product
-Hardware
-Electronic Control Unit (ECU)
-Universal Terminal
-Cables and Connectors
-Others
-Software
-Virtual Terminal
-Task Controller
-Mobile Application
-Others
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
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Market Dynamics -Global ISOBUS Component Market:
Need for Standardized Communication between Agricultural Equipment – In the agricultural industry, multiple tools are required to complete a specific task. A variety of agricultural equipment is used in agriculture, including tractors, cultivators, harrows, seed drills, and rollers. Agriculturalists have always struggled with how to properly match & use different equipment in the field to reduce operating time & increase efficiency. The ISOBUS standard has provided a solution to this long-standing problem.
The standard allows for the management of communication between tractors, software, and equipment from other manufacturers, allowing for the exchange of data & information in a universal language via a single control console in the tractor's cab. With the increased usage of ISOBUS-compliant equipment in the field, field workers have realized the significance of ISOBUS as the standard has provided increased efficiency, productivity, and more transparency.
Along with this, the data collected, using ISOBUS equipment can be accessed for remote fleet management & diagnostics of agricultural activities. Tractor status & position can be measured using GPS-enabled systems, and productivity can be tracked and updated in the event of a change. Thus, the need for standardized communication between agricultural equipment has become a crucial driver for the growth & expansion of the Global ISOBUS Component Market.
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