How has the smart specialty crop farming market evolved, and where is it heading next?
The smart specialty crop farming market size has grown rapidly in recent years. It will grow from $2.28 billion in 2024 to $2.54 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to growing need for sustainable farming practices, increased demand for high-quality specialty crops, government subsidies and support programs, labor shortages in agriculture, climate change and weather uncertainty.
The smart specialty crop farming market size is expected to see rapid growth in the next few years. It will grow to $3.86 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to increasing consumer interest in high-value specialty crops, growth in the global population, increased global food demand, rising demand for premium and organic produce, and increasing investment in AgTech startups. Major trends in the forecast period include adoption of advanced technologies, vertical farming, adoption of precision agriculture, technological advancements in the internet of things (IoT), and artificial intelligence (AI) launches of new products and services.
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What are the key drivers behind the rapid expansion of the smart specialty crop farming market?
The increasing food demand is expected to propel the growth of the smart specialty crop farming market going forward. The growing food demand is driven by population growth, rising incomes, and urbanization, leading to higher consumption of diverse and resource-intensive foods. Smart specialty crop farming helps meet food demand by optimizing resource use, improving crop yields, and enhancing sustainability through advanced technologies such as precision farming, automation, and data-driven decision-making. For instance, in January 2024, according to the United States Department of Agriculture, the US-based federal executive department responsible for developing and executing federal laws related to farming, rice production in 2023 reached 218 million centum weight or hundredweight, marking a 36% increase compared to 2022. Further, the planted area for 2023 was estimated at 2.89 million acres, representing a 30% growth from the previous year. Therefore, increasing global food demand will drive the growth of the smart specialty crop farming market.
What is the segmentation for the smart specialty crop farming market?
The smart specialty crop farmingmarket covered in this report is segmented –
1) By Product Type: Open Field Hardware, Controlled Environment Agriculture (CEA) Systems Hardware, Software
2) By Farm Size: Small Farm, Medium Farm, Large Farm
3) By Application: Fruits And Tree Nuts, Vegetables, Culinary Herbs And Spices, Medicinal Herbs, Other Applications
Subsegments:
1) By Open Field Hardware: Sensors And Monitoring Devices, Drones And Aerial Imaging Systems, Irrigation Systems, Automated Farm Equipment, Soil Management Tools
2) By Controlled Environment Agriculture (CEA) Systems Hardware: Hydroponic Systems, Aeroponic Systems, Greenhouses And Grow Tents, Climate Control Systems, LED Grow Lights
3) By Software: Farm Management Software, Data Analytics And Visualization Tools, Crop Monitoring Software, Supply Chain Management Software, Irrigation Management Software
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Who are the most influential companies in the smart specialty crop farming market?
Major companies operating in the smart specialty crop farming market are BASF SE, Deere & Company, AGCO Corporation, Hexagon AB, OSRAM GmbH, Trimble Inc., Würth Elektronik GmbH & Co. KG, Netafim Ltd., DeLaval International AB, Raven Industries Inc., Indoor Urban Farming GmbH, Ag Leader Technology Inc., Freight Farms Inc., Aerofarms LLC, Sencrop SAS, IUNU Inc., XFarm Technologies S.p.A., Hazel Technologies Inc., Climate LLC, Heliospectra AB, Oishii Farm Corporation, Arugga AI Farming Ltd., Agrivi d.o.o.
What are the most influential trends expected to drive the smart specialty crop farming market forward?
Major companies operating in the smart specialty crop farming market are integrating smart farming solutions, such as air cart technology, to enhance agricultural productivity and efficiency. Air cart technology is engineered to distribute seeds and fertilizers evenly across fields, enhancing planting accuracy and efficiency for agricultural use, specifically for seeding and fertilizing operations. For instance, in February 2024, John Deere, a US-based agricultural machinery manufacturer, launched its new C-Series air cart line, offering enhanced options for farmers to improve seeding-time productivity, quality, and accuracy. The new C-Series, available in various capacities and configurations, featured reduced maintenance requirements and enhanced seeding precision. The lineup includes the industry-exclusive EZCal calibration system for faster calibrations, greater seeding confidence, and tank scales that provide real-time updates on the remaining acreage.
What are the major regional insights for the smart specialty crop farming market, and which region holds the top position?
North America was the largest region in the smart specialty crop farming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart specialty crop farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Smart Specialty Crop Farming Market Report 2025 Offer?
The smart specialty crop farming market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Smart specialty crop farming refers to the use of advanced technologies and data-driven approaches to optimize the cultivation of specialty crops, which are high-value crops such as fruits, vegetables, nuts, herbs, and flowers. This type of farming integrates tools such as sensors, drones, precision irrigation, artificial intelligence, and data analytics to monitor and manage crop growth, soil conditions, weather patterns, and pest control. Smart farming enhances decision-making and sustainability, offering farmers greater efficiency and profitability in specialty crop production.
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