Press Releases

The global smart agriculture market is expected to witness a CAGR of 10.2% during the forecast period. Smart agriculture is a concept aimed to provide the agricultural industry with the infrastructure to use advanced technology. In addition, connectivity technologies such as WiFi, Zigbee, additional wireless sensors, and low-power wide-area network technology help farmers efficiently carry out a variety of agricultural activities such as harvesting, purchasing, planting, and inventory management. In addition, the increasing adoption of IoT and artificial intelligence has helped farmers to monitor cultivated land and automate irrigation processes. In addition, the introduction of advanced technology has improved organic farming, including greenhouses and vertical farming, and increased productivity. In addition, the adoption of IoT and artificial intelligence in greenhouses eradicates the need for constant monitoring of plants and provides farmers with cost-effective and optimal solutions with minimal manual intervention, and accelerates the growth of the smart agricultural market.

The smart agriculture market refers to the application of advanced technologies, such as Internet of Things (IoT), artificial intelligence (AI), big data analytics, and remote sensing, in agricultural practices. It aims to improve the efficiency, productivity, and sustainability of agricultural processes by enabling data-driven decision-making and automation.

The smart agriculture market has been growing steadily in recent years, driven by several factors:

Growing Global Population and Food Demand: The world's population is expected to reach 9.7 billion by 2050, increasing the demand for food production. Smart agriculture technologies help optimize crop yield, reduce wastage, and ensure efficient resource utilization to meet the rising demand.

Need for Enhanced Productivity and Efficiency: Farmers are increasingly adopting smart agriculture solutions to optimize their operations. These technologies enable real-time monitoring of crops, soil, and weather conditions, facilitating precise irrigation, fertilization, and pest control. Automation and robotics also play a role in streamlining labor-intensive tasks, such as harvesting and weeding.

Water Scarcity and Resource Management: With increasing water scarcity and environmental concerns, efficient water management is crucial in agriculture. Smart agriculture solutions provide precise monitoring of soil moisture levels, enabling optimized irrigation systems and water usage.

Government Initiatives and Support: Governments worldwide are promoting smart agriculture initiatives to address food security challenges and promote sustainable farming practices. Financial incentives, subsidies, and policies supporting the adoption of smart technologies contribute to market growth.

Advancements in IoT and AI Technologies: The proliferation of IoT devices and the advancements in AI and machine learning algorithms have made it easier to collect, analyze, and derive valuable insights from agricultural data. These technologies enable real-time monitoring, predictive analytics, and automation in various farming processes.

Precision Farming and Data-Driven Decision Making: Smart agriculture facilitates precision farming by providing farmers with detailed information about crop health, soil conditions, and weather patterns. Data-driven insights help optimize the use of fertilizers, pesticides, and other inputs, reducing costs and minimizing environmental impact.

Increasing Demand for Sustainable Agriculture: Consumers and food companies are placing greater emphasis on sustainable and environmentally friendly agricultural practices. Smart agriculture solutions support precision agriculture, reduce chemical usage, and promote sustainable resource management, aligning with these demands.

The mounting application of advanced technologies in agriculture, initiatives by the government in developed and emerging economies, mounting global food demand will propel the growth of the smart agriculture market during the forecast period 2023-2030. Nevertheless, the strategic alliance among industry players and digitalization in agriculture will propel the growth of the smart agriculture market.

DeLaval has launched the RC550 and RC700 robot collectors designed for hard floors to improve cow comfort and hoof condition. It is a unique rotary manure intake system that can process any manure without the use of additional water.

The COVID-19 pandemic has disrupted the global supply chain that has led to food shortages and increasing inflation. The outbreak has emphasized the importance of the need to remotely access agriculture operations. Smart agriculture practices can aid farmers to recover from the losses in a short span of time, thereby bolstering the growth of the smart agriculture market.  

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Smart Agriculture Market by Insight by Agriculture Type (Precision Farming, Fish Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, and Others), by Offering (Hardware(Sensor-Based Monitoring Systems, Smart Detection Systems, and GPS Enabled Ranging Systems), Software(Web-Based and Cloud-Based), and Services(System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, and Professional Services)), by Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Milk Harvesting, Breeding Management, Fish Tracking, And Fleet Navigation, Water Quality Management, HVAC Management, and Others), by Farm Size (Small, Medium, and Large), and Region - Global Forecast to 2030"

By application, the weather monitoring and forecasting segment is projected to witness highest growth during the forecast period.

Based on application, the global smart agriculture market yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, farm labor management, financial management, feeding management, milk harvesting, breeding management, fish tracking, and fleet navigation, water quality management, HVAC management, and others. The weather monitoring and forecasting segment is expected to have high growth over the projected period due to the rising demand for monitoring crop growth and decrease in the wastage by providing water and minerals on time.

Global Smart Agriculture Market Segmentation Analysis

Segment	Categorization	Leading Category
Agriculture Type	Precision Farming, Fish Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, and Others	Precision Farming (Largest) Precision Aquaculture (Significant Growth)
Offering	Hardware (Sensor-Based Monitoring Systems, Smart Detection Systems, and GPS Enabled Ranging Systems), Software (Web-Based and Cloud-Based), and Services (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, and Professional Services)	Service (Fastest) Cloud-Based Software (Significant Growth)
Application	Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Milk Harvesting, Breeding Management, Fish Tracking, And Fleet Navigation, Water Quality Management, HVAC Management, and Others	Yield Monitoring (High CAGR) Weather Monitoring & Forecasting (Highest Growth)
Farm Size	Small, Medium, and Large	Medium-Sized Farms (Largest)
Region	North America, Europe, Asia-Pacific, and Rest of the World	North America (Largest) Asia-Pacific (High CAGR)

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“Asia-Pacific is expected to have a high CAGR during 2023-2030 in smart agriculture market.”

Asia Pacific is anticipated to have a high CAGR owing to the adoption of smart farming methods, increasing government support, mounting awareness among cultivators in the region. In addition, increasing R&D expenditure from India and China will lead to the growth of smart agriculture will propel the growth in the region.

Some of the major players in the global Smart Agriculture market include Trimble, Inc., DeLaval, Deere & Company, AKVA group, Afimilk Ltd., Topcon Positioning Systems, Innovasea Systems Inc., Heliospectra AB, LumiGrow, and Semios.

Scope of the Report

Report Metric	Details
Market Size Available for the Years in the Study	2018–2030
Historical Period	2018–2022
Base Year	2022
Forecast Period	2022–2030
Segments Covered in the Study	Agriculture Type, Offering, Application, Farm Size, and Region
Geographies Covered in the Study	North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)
Companies Covered in the Study	Trimble, Inc., DeLaval, Deere & Company, AKVA group, Afimilk Ltd., Topcon Positioning Systems, Innovasea Systems Inc., Heliospectra AB, LumiGrow, and Semios

Global Smart Agriculture Market Coverage

Agriculture Type Insight and Forecast 2018-2030

• Precision Farming
• Fish Farming
• Livestock Monitoring
• Precision Aquaculture
• Precision Forestry
• Smart Greenhouse
• Others

Offering Insight and Forecast 2018-2030

• Hardware
  • Sensor-Based Monitoring Systems
  • Smart Detection Systems
  • GPS Enabled Ranging Systems
• Software
  • Web-Based
  • Cloud-Based
• Services
  • System Integration and Consulting
  • Support and Maintenance
  • Connectivity Services
  • Managed Services
  • Professional Services

Application Insight and Forecast 2018-2030

• Yield Monitoring
• Field Mapping
• Crop Scouting
• Weather Tracking and Forecasting
• Irrigation Management
• Farm Labor Management
• Financial Management
• Feeding Management
• Milk Harvesting
• Breeding Management
• Fish Tracking, And Fleet Navigation
• Water Quality Management
• HVAC Management
• Others

Farm Size Insight and Forecast 2018-2030

• Small Farm Size
• Medium Farm Size
• Large Farm Size

Geographical Segmentation

Smart Agriculture Market by Region

North America

• By Agriculture Type
• By Offering
• By Application
• By Farm Size
• By Country – U.S., Canada, and Mexico

Europe

• By Agriculture Type
• By Offering
• By Application
• By Farm Size
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Agriculture Type
• By Offering
• By Application
• By Farm Size
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Agriculture Type
• By Offering
• By Application
• By Farm Size
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries