What is the Current Dynamics and Future Growth Potential of the Global Agriculture IoT Market?
The agriculture IoT market size has seen strong growth in recent years. It expanded from $15.32 billion in 2024 to a projected $16.77 billion in 2025 with a compound annual growth rate (CAGR) of 9.5%. This growth has been underpinned by technological advancements in farm mechanization and automation, connectivity infrastructure development, efficient resource management practices, and a focus on weather and climate monitoring. With growth on track, the agriculture IoT market size is anticipated to surge to $25.59 billion in 2029, registering a CAGR of 11.1%. The key catalysts behind this growth trajectory include global expansion of precision agriculture, government regulations, increasing adoption in developing regions, predictive analytics for disease management, customization for crop types, and an eye on sustainable agriculture. Marking the future trends, sensor technology advancements, integration of AI and machine learning, farm management software, and autonomous machinery are set to redefine the agriculture IoT sector.
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What are the Major Drivers Steering the Growth of the Agriculture IoT Market?
The rise in the demand for food globally is propelling the agriculture IoT market. IoT solutions are aiding farmers in bridging the supply-demand gap by ensuring higher yields, economic benefits, and environmental protection. The Food and Agricultural Organization reports that global food production would need to surge by 70% by 2050 to meet the demands of a population expected to touch 9.6 billion. This increase in food demand plays a central role in driving the agriculture IoT market.
What are the Dominant Segments Influencing the Agriculture IoT Market Landscape?
The agriculture IoT market covered in this report is segmented by:
1) Component type: Hardware, Software, Connectivity and Services
2) Farm Type: Large, Mid-Sized, Small Farms
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Who are the Key Players Spearheading the Growth of the Agriculture IoT Market?
The major players disrupting the agriculture IoT market are Deere & Company, The Tetra Laval Group, Topcon Positioning Systems Inc., Trimble Inc., Raven Industries Inc., AgJunction Inc., Farmers Edge Inc., Field Group AS, AgEagle Aerial Systems, Komatsu Forest AB, InnovaSea Systems Inc., Steinsvik AS, Ponsse PLC, The Climate Corporation, OnFarm Systems Inc., SlantRange Inc., TELUS Agriculture Solutions Inc., Ag Leader Technology, Autonomous Solutions Inc., BouMatic Robotic B.V., Helium Systems Inc., Benchmark Labs Inc., Jala Corporation, Myriota Pty Ltd, Ketos Inc., FarmInsect Ltd., Orbital Insight Inc., M5Stack Technology Co. Ltd., KisanHub Ltd., Amber Agriculture Inc., Arable Labs Inc., Sencrop SAS.
What are the Key Trends Shaping the Future of the Agriculture IoT Market?
Innovations such as IoT-based aftermarket devices are gaining momentum in the agriculture IoT market. These devices enhance existing agricultural equipment, fostering real-time data collection and analysis, allowing farmers to monitor performance and optimize operations effectively. An example of such product innovation is the launch of the Krish-e-Smart Kit by Krish-e, the agritech division of Mahindra & Mahindra, a manufacturing major from India.
Which Regions are Leading the Growth Transition in the Agriculture IoT Market?
In 2024, North America was the largest player in the agriculture IoT market, while Asia-Pacific is projected to be the fastest-growing region over the forecast period. The scope of this research includes regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Agriculture IoT Market Report 2025 Offer?
Agriculture IoT (Internet of Things) encompasses the use of sensors, cameras, and other tech gadgets in farming to convert various actions and aspects into data. Agriculture IoT is key to creating large data sets from weather, moisture, plant health, mineral status, chemical applications, insect presence, and further variables. This data helps farmers make important decisions on plantation, irrigation, harvesting and more.
The Agriculture IoT Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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