Europe ISOBUS Component Market to Grow at a CAGR of 7.36% During the Forecast Period 2021-2026

FREMONT, Calif. - Nov. 8, 2021 - PRLog -- ISOBUS or ISO11783 is the standard protocol regulated by the International Organization of Standardization (ISO) and Agricultural Industry Electronics Foundation (AEF) for inter-device communication among agricultural equipment. The global ISOBUS component market covers the entire spectrum of equipment and component based on ISOBUS standard. A piece of equipment with ISOBUS capabilities can perform a wide range of tasks in an efficient way.

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ISOBUS was developed in 1990 with the primary aim of improving inter-device connectivity and communication in the agricultural field. This is because multiple types of equipment are used in the farm at the same time, such as tractor, harvester, planter and seeder, and sprayer. Most of these equipment does not possess electronic control unit (ECU) and are connected to a tractor to be used in the field. The connection between the different equipment with the tractor has been the primary driving force for achieving ISOBUS.

A key challenge for the growth of the ISOBUS component market is the high initial cost of ISOBUS-based equipment. The average cost of ISOBUS compliant agricultural equipment is much more than the average cost of equipment without ISOBUS. This is putting a negative impact on the growth of the ISOBUS component market. Due to the higher cost of ISOBUS-based equipment, small-scale and medium-scale farmers with low income would likely hesitate in investing in ISOBUS equipment.

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The Europe ISOBUS component market is expected to grow to promote the use of smart farming technologies in the agricultural industry. The use of sensors, robotics, artificial intelligence, and machine learning devices is expected to push the agricultural industry toward digitization and increase overall farm productivity and efficiency.