The Business Research Company’s report on the Agriculture 4.0 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the agriculture 4.0 market in recent years?
The rise in food demand is expected to drive the growth of the agriculture 4.0 market going forward. Food demand refers to the quantity of food that consumers are willing and able to purchase at different price levels within a given period. The rise in food demand is driven by factors such as population growth, increased urbanization, higher income levels, changing dietary preferences, and economic development, all of which contribute to greater consumption of food. Agriculture 4.0 enhances food production by integrating cutting-edge technologies such as artificial intelligence, IoT, robotics, and data analytics to optimize farming practices, improve crop monitoring and yield forecasting, reduce environmental impact, and enable more efficient use of resources, ultimately driving higher productivity and sustainability in the agricultural sector. For instance, in October 2024, according to the United States Department of Agriculture, a US-based government organization estimated that, in 83 low- and middle-income countries, food demand is expected to increase from 800.2 million metric tons in 2024 to 1,050.9 million metric tons by 2034. Therefore, a rise in food demand is expected to drive the growth of the agriculture 4.0 market.
Access Your Free Sample of the Global Agriculture 4.0 Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=21384&type=smp
What is the projected market size of the agriculture 4.0 industry, and how is it expected to grow?
The agriculture 4.0 market size has grown rapidly in recent years. It will grow from $81.20 billion in 2024 to $93.20 billion in 2025 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to growth in the use of IoT devices, increasing use of autonomous vehicles, growth in farm-to-table supply chains, increasing investment in agricultural biotechnology, and growth in vertical farming.
The agriculture 4.0 market size is expected to see rapid growth in the next few years. It will grow to $159.75 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing focus on precision farming, rising demand for sustainable farming practices, growing importance of connectivity and 5G technology, rising popularity of autonomous farming equipment, and rising investments in farm management software. Major trends in the forecast period include technological advancements, drone technology, autonomous tractors, machine learning, and big data analytics.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=21384&type=smp
Who are the key players driving competition in the agriculture 4.0 market?
Major companies operating in the agriculture 4.0 market are BASF SE, International Business Machines Corporation, Kubota Corporation, Mahindra & Mahindra Limited, AGCO Corporation, Deere & Company, Syngenta Group Co. Ltd., SZ DJI Technology Co. Ltd. (DJI Agriculture), Trimble Inc., Raven Industries Inc., Blue River Technology Inc., Sentera Inc., DICKEY-john Corporation, Grégoire SA, Ecorobotix SA, Iron Ox Inc., Robotics Plus Ltd, CNH Industrial NV, Stara SA Indústria de Implementos Agrícolas, Ekobot AB, Indigo Agriculture Inc., Naïo Technologies SAS, Jacto SA
What key trends are expected to drive the 5g virtual reality (vr) market during the forecast period?
Major companies operating in the agriculture 4.0 market are focused on developing innovative technologies, such as smart spray technology, to improve operational efficiency. One smart spray technology is an AI-driven system that enables targeted herbicide application, spraying only where weeds are present to enhance efficiency and minimize environmental impact. For instance, in April 2024, Stara, a Brazil-based agricultural machinery company, launched Bruttus 18000, Hércules 10000 and 24000 Inox, Hércules 24000 C, and Eco Spray. The Bruttus 18000 is an advanced gravity-fed spreader designed for efficiency and agility, with a capacity of up to 18,000 kg, making it ideal for various crops, especially sugarcane. The Hércules 10000 and 24000 Inox are high-precision spreaders that ensure uniform application of fertilizers and seeds, optimizing resource use. The Hércules 24000 C is built for large-scale operations, offering exceptional spreading precision. The Eco Spray leverages AI technology for spot spraying, applying herbicides only where weeds are present, reducing chemical use. Together, these products highlight Stara’s dedication to advancing precision agriculture and smart farming solutions.
Which key geographies are driving the growth of the agriculture 4.0 market?
North America was the largest region in the agriculture 4.0 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture 4.0 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/agriculture-40-global-market-report
What are the key segments driving growth in the agriculture 4.0 market?
The agriculture 4.0 market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Other Crop Types
3) By Farm Size: Small Farms, Medium-Sized Farms, Large Farms
4) By Technology: Internet Of Things And Connected Devices, Artificial Intelligence And Machine Learning, Robotics And Automation, Big Data Analytics, Blockchain, Drones And Unmanned Aerial Vehicles, Cloud Computing
5) By Application: Farming, Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse, Other Applications
Subsegments:
1) By Hardware: Sensors, Drones, GPS Systems, Automated Tractors, Irrigation Systems
2) By Software: Farm Management Software, Precision Farming Software, Crop Monitoring Software, Analytics and Data Processing Software
3) By Services: Consulting Services, Data Analytics Services, IoT Connectivity Services, Remote Sensing Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21384
How is the agriculture 4.0 market defined, and what are its core characteristics?
Agriculture 4.0 refers to the integration of advanced technologies such as IoT, AI, robotics, and big data into agricultural practices to enhance productivity, sustainability, and resource efficiency. It is used to optimize crop management, automate tasks, and provide real-time data for informed decision-making.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
