Smart Agriculture Market to Reach $28.44 Billion by 2029: Key Players, Trends, and Growth Factors

The smart agriculture market size has seen rapid growth in recent years. Its market size has grown from $16.25 billion in 2024 to an expected $18.34 billion in 2025. This growth can be attributed to a variety of factors such as the rising global population, climate change concerns, government initiatives and support, farm labor shortages, and water scarcity concerns.

Going forward, this market size is expected to continue its rapid growth. It is projected to grow to $28.44 billion in 2029. This robust growth can be attributed to factors such as an emphasis on sustainable agriculture, market demand for organic produce, a focus on sustainable agriculture practices, and the adoption of smart irrigation systems. Notable trends shaping the market include precision farming and agriculture, the adoption of internet of things (IoT) sensors, farm management software and platforms, and the increased use of robotics and automation in farming.

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What Are the Major Drivers for the Smart Agriculture Market?
Rising pressure on the food supply system due to the rapidly growing population is expected to propel the smart agriculture market forward. The role of smart farming in promoting better decision-making and promoting an effective flow of information is crucial to all participants in the food supply chain. In 2023, approximately 282 million people in 59 countries experienced severe food insecurity, needing urgent assistance for food and livelihoods. This pressure on the food supply system is expected to drive the growth of the smart agriculture market.

What are the Key Segments Within the Global Smart Agriculture Market?
1) By Offering: Hardware, Software, and Services
2) By Farm Size: Small, Medium, and Large
3) By Application: Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, and Other Applications

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Who are the Major Players in the Smart Agriculture Market?
Key players in the smart agriculture market include Deere & Company, AG Leader Technology Inc., Trimble Inc., Bayer Crop Science LP, Syngenta AG, Corteva Agriscience Inc., PrecisionHawk Inc., The Climate Corporation, Farmers Edge Inc., Taranis Inc., and others. These companies are playing a critical role in the smart agriculture landscape through their technological advancements, offerings, and contributions to sustainable farming practices.

What Are the Emerging Trends in the Smart Agriculture Market?
Smart agriculture sectors are focusing on developing advanced AI integration for forecasting crop yields and determining optimal growing conditions worldwide. AI is becoming an integral part of smart farming through its ability to automate decision-making, analyze data, and enhance user interactions.

Which Region is Expected To Show The Fastest Growth in the Smart Agriculture Market?
In 2024, North America was the leading region in the smart agriculture market. However, Asia-Pacific is expected to see the fastest growth in the coming years. The regions covered in the smart agriculture market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Smart Agriculture Market Report 2025 Offer?
Smart agriculture refers to a modern method of agriculture that uses cutting-edge technologies such as the Internet of Things, robots, artificial intelligence, and sensors to increase farm productivity. The Smart Agriculture Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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