Product Code: GVR-2-68038-009-5
Smart Agriculture Market Growth & Trends:
The global smart agriculture market size is estimated to reach USD 54.71 billion by 2030, registering a CAGR of 13.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.
The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.
Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.
Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.
Smart Agriculture Market Report Highlights:
- Based on offering, the hardware segment accounted for the largest market share of over 66.0% in 2024.
- The smart greenhouse application segment is anticipated to grow significantly during the forecast period. The rising focus on urban agriculture and local food production is also propelling the growth.
- North America accounted for the largest revenue share of over 43.0% in 2024. Growing government initiatives and regulations to enhance the agriculture industry in the region are expected to drive the demand over the forecast period.
- Asia Pacific is expected to witness a significant CAGR of over 16.0% during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Agriculture Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Smart Agriculture Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Smart Agriculture Market Offering Outlook
- 4.1. Smart Agriculture Market, By Offering Analysis & Market Share, 2024 & 2030
- 4.2. Hardware
- 4.2.1. Hardware market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.2. Automation & Control Systems
- 4.2.2.1. Automation & control systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.2.1.1. Drones
- 4.2.2.1.2. Application Control Devices
- 4.2.2.1.3. Guidance System
- 4.2.2.1.3.1. GPS
- 4.2.2.1.3.2. GIS
- 4.2.2.1.4. Remote Sensing
- 4.2.2.1.4.1. Handheld
- 4.2.2.1.4.2. Satellite Sensing
- 4.2.2.1.5. Driverless Tractors
- 4.2.2.1.6. Mobile Devices
- 4.2.2.1.7. VRT
- 4.2.2.1.7.1. Map-based
- 4.2.2.1.7.2. Sensor-based
- 4.2.2.1.8. Wireless Modules
- 4.2.2.1.8.1. Bluetooth Technology
- 4.2.2.1.8.2. Wi-Fi Technology
- 4.2.2.1.8.3. Zigbee Technology
- 4.2.2.1.8.4. RF Technology
- 4.2.2.1.9. Milking Robots
- 4.2.3. Sensing Devices
- 4.2.3.1. Sensing devices market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.3.1.1. Soil Sensor
- 4.2.3.1.1.1. Nutrient Sensor
- 4.2.3.1.1.2. Moisture Sensor
- 4.2.3.1.1.3. Temperature Sensor
- 4.2.3.1.2. Water Sensors
- 4.2.3.1.3. Climate Sensors
- 4.2.3.1.4. Others
- 4.2.4. HVAC System
- 4.2.4.1. HVAC system market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.5. LED Grow Light
- 4.2.5.1. LED grow light market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.6. RFID Tags & Readers
- 4.2.6.1. RFID tags & readers market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Software
- 4.3.1. Software market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Web-based
- 4.3.2.1. Web-based market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Cloud-based
- 4.3.3.1. Cloud-based market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.2. System Integration & Consulting
- 4.4.2.1. System integration & consulting market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Maintenance & Support
- 4.4.3.1. Maintenance & support market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Managed Types
- 4.4.4.1. Managed types market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.4.1.1. Data Types
- 4.4.4.1.2. Analytics Types
- 4.4.4.1.3. Farm Operation Types
- 4.4.5. Assisted Professional Types
- 4.4.5.1. Assisted professional types market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.5.1.1. Supply Chain Management Types
- 4.4.5.1.2. Climate Information Types
Chapter 5. Smart Agriculture Market Application Outlook
- 5.1. Smart Agriculture Market, By Application Analysis & Market Share, 2024 & 2030
- 5.2. Precision Farming
- 5.2.1. Precision farming market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Yield Monitoring
- 5.2.2.1. Yield monitoring market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.2.2. On-Farm
- 5.2.2.2.1. On-farm market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.2.3. Off-Farm
- 5.2.2.3.1. Off-farm market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.3. Field Mapping
- 5.2.3.1. Field mapping market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.4. Crop Scouting
- 5.2.4.1. Crop scouting market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.5. Weather Tracking & Forecasting
- 5.2.5.1. Weather tracking & forecasting market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.6. Irrigation Management
- 5.2.6.1. Irrigation management market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.7. Inventory Management
- 5.2.7.1. Inventory management market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.8. Farm Labor Management
- 5.2.8.1. Farm labor management market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Livestock Monitoring
- 5.3.1. Livestock monitoring market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Smart Greenhouse
- 5.4.1. Smart greenhouse market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Others market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Agriculture Market: Regional Estimates & Trend Analysis
- 6.1. Smart Agriculture Market Share, By Region, 2024 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5. Netherlands
- 6.3.5.1. Netherlands Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6. Russia
- 6.3.6.1. Russia Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. India Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Japan Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Australia
- 6.4.5.1. Australia Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Singapore
- 6.4.6.1. Singapore Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. UAE
- 6.6.2.1. UAE Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Turkey
- 6.6.3.1. Turkey Smart Agriculture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Share Analysis, 2024
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Ag Leader Technology
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. AGCO Corporation
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. AgJunction, Inc.
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. AgEagle Aerial Systems Inc.
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Autonomous Solutions, Inc.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Argus Control Systems Ltd
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. BouMatic Robotic B.V.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. CropMetrics
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. CLAAS KGaA mbH
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. CropZilla
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. Deere & Company
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. DICKEY-john
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Strategic Initiatives
- 7.4.13. DroneDeploy
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Product Benchmarking
- 7.4.13.4. Strategic Initiatives
- 7.4.14. Farmers Edge Inc
- 7.4.14.1. Participant's Overview
- 7.4.14.2. Financial Performance
- 7.4.14.3. Product Benchmarking
- 7.4.14.4. Strategic Initiatives
- 7.4.15. Grownetics, Inc.
- 7.4.15.1. Participant's Overview
- 7.4.15.2. Financial Performance
- 7.4.15.3. Product Benchmarking
- 7.4.15.4. Strategic Initiatives
- 7.4.16. Granular, Inc.
- 7.4.16.1. Participant's Overview
- 7.4.16.2. Financial Performance
- 7.4.16.3. Product Benchmarking
- 7.4.16.4. Strategic Initiatives
- 7.4.17. Gamaya
- 7.4.17.1. Participant's Overview
- 7.4.17.2. Financial Performance
- 7.4.17.3. Product Benchmarking
- 7.4.17.4. Strategic Initiatives
- 7.4.18. GEA Group Aktiengesellschaft
- 7.4.18.1. Participant's Overview
- 7.4.18.2. Financial Performance
- 7.4.18.3. Product Benchmarking
- 7.4.18.4. Strategic Initiatives
- 7.4.19. Raven Industries
- 7.4.19.1. Participant's Overview
- 7.4.19.2. Financial Performance
- 7.4.19.3. Product Benchmarking
- 7.4.19.4. Strategic Initiatives
- 7.4.20. Trimble Inc.
- 7.4.20.1. Participant's Overview
- 7.4.20.2. Financial Performance
- 7.4.20.3. Product Benchmarking
- 7.4.20.4. Strategic Initiatives
- 7.4.21. Topcon Positioning System
- 7.4.21.1. Participant's Overview
- 7.4.21.2. Financial Performance
- 7.4.21.3. Product Benchmarking
- 7.4.21.4. Strategic Initiatives