Remote Sensing Technology for Agriculture Market Report 2025

The remote sensing technology for agriculture market size has grown strongly in recent years. It will grow from $1.93 billion in 2024 to $2.08 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to integration of geographic information systems (GIS), rise of satellite-based solutions, development of unmanned aerial vehicles (UAVs), evolution of image processing techniques, precision agriculture initiatives.

The remote sensing technology for agriculture market size is expected to see strong growth in the next few years. It will grow to $3.05 billion in 2029 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to government investment and initiatives, focus on sustainable agriculture, IoT and sensor integration, precision agriculture adoption, enhanced satellite imaging services. Major trends in the forecast period include government initiatives and support, emergence of big data analytics, expansion of IoT in agriculture, focus on precision agriculture, development of satellite-based solutions.

The growing implementation of the agricultural sector is anticipated to drive the expansion of remote sensing technology for agriculture in the future. The agricultural sector encompasses the cultivation of soil to support businesses primarily focused on crop production. Remote sensing technology in agriculture aims to enhance farm productivity by improving soil characteristics, crop varieties, and monitoring for weeds and crop diseases. For example, in August 2024, the Department of Agriculture and Food Security in Victoria, Australia, reported that the gross value of agricultural production (GVAP) reached a record high of $20.2 billion for 2021-22, reflecting a significant growth of 15%, or $2.7 billion, compared to the previous year. Thus, the rising implementation of the agricultural sector is propelling the growth of remote sensing technology for agriculture.

The growing adoption of IoT (Internet of Things) technology is expected to further propel the remote sensing technology for agriculture market. The Internet of Things (IoT) refers to a network of interconnected physical devices, vehicles, appliances, and other objects equipped with sensors, software, and network connectivity. The integration of IoT technology into remote sensing for agriculture marks a significant shift in how farmers manage their operations, enabling data-driven decision-making and improved efficiency while promoting a more sustainable and technology-driven approach to modern agriculture. For instance, in October 2023, the Organisation for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, projected that the global IoT market in smart cities would increase from USD 300 billion in 2021 to over USD 650 billion by 2026. Therefore, the increasing adoption of IoT technology is driving the growth of remote sensing technology for agriculture.

A prominent trend in the remote sensing technology for agriculture market is the emergence of strategic partnerships among major companies. These partnerships aim to advance agricultural practices and technologies. For example, General Mills Inc., a multinational manufacturer, partnered with Regrow Agriculture Inc., a UK-based remote sensing technology company, in January 2022. This collaboration focuses on monitoring agricultural practices globally. Additionally, EOS Data Analytics (EOSDA), a US-based provider of AI-powered satellite imagery analytics, partnered with Agrvision in February 2023. This collaboration addresses ecological, agricultural, and sustainability concerns, supporting regenerative agriculture goals for farmers. Agrvision, based in Kenya, offers agri-tech solutions to agriculture and forestry markets.

Innovation is a key focus for major companies in the remote sensing technology for agriculture market, with a particular emphasis on cloud platforms. CropIn Technology Solutions Pvt. Ltd., an India-based company, launched a cloud platform in September 2022. This platform leverages data, machine learning, earth observation, and remote sensing capabilities to enhance crop and harvest management. The integrated Cropin Cloud platform accelerates digital transformation in the agriculture ecosystem, offering applications for agricultural digitalization and AI-powered agri-intelligence.

In July 2022, Agreena, a Denmark-based agricultural company, acquired Hummingbird Technologies Ltd. for an undisclosed sum. The purpose of this acquisition is to enhance Agreena's capabilities in monitoring, reporting, and verifying soil carbon certificates by integrating Hummingbird Technologies' sophisticated remote sensing analytics. Hummingbird Technologies Ltd. is a UK-based software development firm that specializes in using data science and artificial intelligence to provide advanced remote sensing analytics specifically designed for the agricultural sector.

Major companies operating in the remote sensing technology for agriculture market include Yara International ASA, Koch Ag & Energy Solutions, Coromandel International Limited, Agriculture Solutions Inc., Sapec Agro S.A, Kugler Company, ICL Group Ltd., Honeywell International Inc., Green Peak Technologies LLC, ABB Ltd., Kheti Buddy Pvt. Ltd., Trimble Inc., PrecisionHawk Inc., Deere & Company, Ag Leader Technology, Raven Industries Inc., Topcon Corporation, AgJunction Inc., SST Software BV, The Climate Corporation, Iteris Inc., Taranis Inc., Gamaya, MicaSense Inc., TerrAvion Inc., Descartes Labs, CropX Technologies Inc., Granular Inc.

North America was the largest region in the remote sensing technology for agriculture market in 2024. The regions covered in the remote sensing technology for agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the remote sensing technology for agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Remote sensing technology for agriculture involves the utilization of satellite images to capture photos of a field over time, enabling growers to analyze the data and make informed decisions to enhance crop yield.

The primary components of remote sensing technology for agriculture include hardware, software, and services. Hardware encompasses external and internal devices and equipment facilitating essential functions such as input, output, storage, communication, and processing. This technology is applied in various agricultural applications such as yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labor management, and others.

The remote sensing technology for agriculture market research report is one of a series of new reports that provides remote sensing technology for agriculture market statistics, including remote sensing technology for the agriculture industry global market size, regional shares, competitors with a remote sensing technology for agriculture market share, detailed remote sensing technology for agriculture market segments, market trends, and opportunities, and any further data you may need to thrive in the remote sensing technology for the agriculture industry. This remote sensing technology for agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The remote sensing technology in the agriculture market consists of revenues earned by entities by evaluating plant health, estimating yield, assessing crop loss, managing irrigation, detecting weeds, identifying crop stress, and mapping a field. The market value includes the value of related goods sold by the service provider or included within the service offering. The remote sensing technology in the agriculture market also includes sales of hardware such as ground sensors, aerial sensors, and satellite sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.