USD 14.34 billion
Smart Agriculture Market Size, Share, and Growth Analysis
Smart Agriculture Market By Connecting Technologies (Internet Of Things (IoT), Cellular IoT), By Farm Size (Large Farms, Medium Farms), By Agriculture Type (Precision Farming, Livestock Monitoring), By Offering, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10A2026 |
Region:
Global |
Published Date: March, 2025
Pages:
178
|Tables:
153
|Figures:
70
Format -
Smart Agriculture Market Insights
Smart Agriculture Market size was valued at USD 14.34 billion in 2023 and is poised to grow from USD 15.7 billion in 2024 to USD 32.45 billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).
Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.
Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the global smart agriculture industry demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting and irrigation, among others.
US Smart Agriculture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Software
Fastest Growth
Hardware
Growth Rate
9.5% CAGR
Global Smart Agriculture Market ($ Bn)
Country Share for North America Region (%)
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Smart Agriculture Market Segments Analysis
Global Smart Agriculture Market is segmented by Connecting Technologies, Farm Size, Agriculture Type, Offering, Application and region. Based on Connecting Technologies, the market is segmented into Internet Of Things (IoT), Cellular IoT, Lora and Global Navigation Satellite System (GNSS). Based on Farm Size, the market is segmented into Large Farms, Medium Farms and Small Farms. Based on Agriculture Type, the market is segmented into Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse and Other Agriculture Types. Based on Offering, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse and Others Application. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Offering
As per global smart agriculture market outlook, the software segment is likely to portray the highest growth rate from 2025 to 2032. The growing automation of raw material production and product manufacturing in the dairy and food industry is likely to drive the segment in the future. Automation technology has improved milk quality and animal welfare. The rising need to reduce labor costs and improve productivity is expected to positively impact the profitability of the dairy & food processing industries. Smart agriculture software includes farm management systems, crop monitoring tools, irrigation management solutions, and data analytics platforms that enable farmers to make informed decisions.
As per global smart agriculture market analysis, the hardware segment is the fastest growing segment of the smart agriculture market in 2024. The hardware segment is being driven by the rising automation of raw material manufacturing as well as the manufacturing of dairy products. This also helps in the reduction of labor costs, which is positively impacting the growth of the global smart agriculture market. The global smart agriculture market trend of growing automation technologies is also helping the segment to grow at a strong growth rate. The hardware segment accounts for the largest share of the overall smart agriculture market. This is driven by the widespread adoption of advanced tools and equipment such as drones, sensors, irrigation systems, handheld devices, GPS receivers, guidance and steering systems, and variable rate technology (VRT) solutions. Factors such as the global increase in livestock farm numbers, the expansion of average herd sizes, ongoing advancements in sensor technology, and the growing emphasis on cost-efficiency fuel the demand for hardware in smart agriculture.
Analysis by Application
The precision farming segment is estimated to account for the largest global smart agriculture market share during the forecast period. This is driven by the increasing global demand for food and the emphasis on enhancing farm productivity and profitability through advanced agricultural practices. To meet this escalating demand, precision farming technologies offer transformative solutions, making traditional agricultural practices more efficient and predictable. Various tools such as display systems, GPS devices, handheld devices, sensors, and farm data management systems are employed to improve efficiency and productivity. These technologies enable the optimization of fertilizer application, reduce operational costs, and minimize environmental impact, positioning precision farming as a key approach to addressing global food security challenges.
The smart greenhouse segment is the fastest growing in the market. The application of smart greenhouses includes water & fertilizer management, HVAC management, yield monitoring, and others. Smart greenhouse helps in managing water and fertilizers on fields effectively and efficiently. The smart greenhouse also supports determining heating, ventilation, and air conditioning for agricultural purposes. Proper climatic and weather conditions are required for carrying out specific agricultural purposes. The need for maintaining different temperatures and humidity for hydroponic grow rooms and aquaculture areas drives demand for the HVAC management. According to the Food and Agriculture Organization (FAO), technological advancements in livestock and agricultural production systems will play a significant role in addressing food shortages.
Global Smart Agriculture Market By Offering (%)
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Smart Agriculture Market Regional Insights
North America dominated the smart agriculture market with a market share of 44.07% in 2024. It is expected to register a CAGR of 12.3% from 2025 to 2032. Growing government initiatives and regulations to enhance the agriculture industry in the region are expected to drive the North American regional demand during the forecast period. Various agricultural organizations have come together to form the North America Climate Smart Agriculture Alliance (NACSAA), a platform for educating and equipping the cultivators for sustainable agricultural productivity. With the rising concern for water conservation, governments in North America are actively providing subsidies to enhance the applications of smart irrigation. For instance, the government of California has provided a rebate on smart controllers.
As per the global smart agriculture market forecast, Asia Pacific is anticipated to witness the highest growth during the forecast period. Although smart farming is in the adoption stage in this region, the growing government support and rising awareness among cultivators are expected to drive regional demand during the forecast period. For instance, in Japan, the ministry of agriculture has been providing funds for developing precision agriculture. The farmers' associations and community-based organizations in each country play a major role in promoting sustainable agriculture. The market for Singapore is also expected to witness considerable growth as 90% of the total food consumption is fulfilled through imports. The growing adoption of organic agriculture among small farmers in South America is likely to enhance the regional market demand during the forecast period.
Global Smart Agriculture Market By Geography
- Largest
- Fastest
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Smart Agriculture Market Dynamics
Smart Agriculture Market Drivers
Growing Pressure on Food Supply Chain
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The increasing strain on the global food supply chain is driving the demand for smart agriculture technologies, which offer efficient, sustainable methods to boost food production with limited resources. The need for higher crop yields amid finite land and water resources and the impact of climate change on farming practices are increasing the adoption of smart agriculture solutions. Smart irrigation, soil monitoring, and predictive climate allow farmers to use resources efficiently and adapt to changing weather patterns. It helps farmers optimize inputs and reduce waste.
Increasing Adoption of Smartphones and Drones
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The increasing adoption of smartphones and drones in farming practices drives the global smart agriculture market growth. Smartphones allow farmers to track and monitor agriculture activities, providing accurate information and data and also helping to keep records on various parameters. Moreover, key players are making efforts to develop advanced farming equipment, which propels the market.
Smart Agriculture Market Restraints
Limited Connectivity and Infrastructure Constraints
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Connectivity and infrastructure limitations are major obstacles to the adoption of smart agriculture solutions, as many technologies require stable internet access and advanced digital infrastructure for operation. The tools that form part of smart agriculture are IoT sensors, drones, and cloud-based data analytics platforms, which require stable connectivity for data collection, transmission, and real-time processing. Infrastructure constraints can further raise the costs and complexity of installing smart agriculture systems.
Lack of Digital Literacy
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The lack of digital literacy acts as a significant challenge in the adoption of smart agriculture solutions. These technologies often require users to be comfortable with data analysis, software platforms, and automated systems. Farmers often face operational challenges in using IoT sensors, data analytics derived from analytics platforms, and managing advanced machinery such as drones and robotics. The digital skill gap becomes a limitation for the proper understanding and adoption of smart agriculture technologies.
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Smart Agriculture Market Competitive Landscape
The competitive landscape of the global smart agriculture industry is characterized by a mix of established and emerging players, seeking to meet the growing demand for sustainable and efficient agricultural practices. Key companies such as Deere & Company, Trimble Inc., AGCO Corporation, and Bayer AG dominate the market with advanced precision agriculture technologies, IoT-enabled devices, and data-driven farming solutions. These players are leveraging artificial intelligence, machine learning, and robotics to enhance crop monitoring, irrigation management, and yield optimization.
Top Players in Smart Agriculture Market
- Deere & Company (United States)
- Trimble Inc. (United States)
- AGCO Corporation (United States)
- Topcon Positioning Systems (United States)
- DeLaval Inc. (Sweden)
- Afimilk Ltd. (Israel)
- AKVA Group (Norway)
- BouMatic Robotics B.V. (Netherlands)
- AG Leader Technology (United States)
- Autonomous Solutions, Inc. (United States)
- Farmers Edge Inc. (Canada)
- Raven Industries (United States)
- Granular Inc. (United States)
- Climate FieldView (United States)
- Prospera Technologies (Israel)
- CropX Technologies (Israel)
- DeHaat (India)
- eFishery (Indonesia)
Recent Developments
- In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.
- In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones.
- In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.
Smart Agriculture Key Market Trends
- Surging Investment and Initiatives Towards Smart Agriculture: Rising investments and initiatives in smart agriculture are driving significant market growth by meeting the need for efficient, sustainable, and high yield farming practices. Precision farming technologies, such as drones, soil sensors, and satellite imagery, are benefiting from these investments, allowing farmers to optimize resources and reduce costs through real-time monitoring. Government and private initiatives supporting precision irrigation, regenerative farming, and organic pest control align with global sustainability goals and encourage eco-friendly farming.
- Increasing Adoption of Livestock Monitoring Solutions in Developing Countries: The increasing acceptance of livestock monitoring solutions creates immense opportunities in the market. Livestock monitoring solutions enable farmers to track animal’s status and well-being from remote locations. The increasing demand for dairy products and milk is expected to accelerate the demand for livestock monitoring technologies, including feeding robots, in the coming future.
Smart Agriculture Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, the growing smart agriculture market in India is being propelled by several key drivers. Firstly, the escalating regional population necessitates innovative approaches to meet the rising demand for food, and smart agriculture offers a solution by optimizing resource utilization and enhancing crop yields. Moreover, the increasing prevalence of climate change-induced uncertainties underscores the urgency for resilient farming practices, driving the adoption of smart technologies that enable real-time monitoring and adaptive decision-making. Furthermore, the proliferation of Internet of Things (IoT) devices and sensors has revolutionized the agriculture sector, fostering the seamless collection and analysis of data. This data-driven approach empowers farmers with actionable insights, facilitating precision farming techniques and minimizing resource wastage. Lack of internet access in rural areas may create challenges in adopting smart farming solutions, restraining the global smart agriculture market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.34 billion |
| Market size value in 2032 | USD 32.45 billion |
| Growth Rate | 9.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Agriculture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Agriculture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Agriculture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Agriculture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Agriculture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Agriculture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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