The global market for Smart Agriculture is estimated at US$13.4 Billion in 2023 and is projected to reach US$27.3 Billion by 2030, growing at a CAGR of 10.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart agriculture market is driven by several factors reflecting the evolving needs and challenges in the agricultural sector. The increasing global population and subsequent demand for food necessitate more efficient and sustainable farming practices, pushing the adoption of smart agriculture technologies. Climate change and unpredictable weather patterns also drive the need for precise and adaptive farming methods to ensure crop resilience and food security. Technological advancements, such as improvements in sensor technology, AI, and IoT, have made these solutions more accessible and affordable for farmers. Additionally, government initiatives and subsidies promoting sustainable farming practices and technological adoption are significant growth drivers. The trend towards organic and high-quality food products has further fueled the demand for smart agriculture, as these technologies help in maintaining stringent quality standards. Moreover, the integration of blockchain technology for traceability and transparency in the food supply chain is emerging as a key factor in the market’s expansion. These drivers collectively ensure a robust growth trajectory for the smart agriculture market, positioning it as a critical component of the future of farming.
The growth in the smart agriculture market is driven by several factors reflecting the evolving needs and challenges in the agricultural sector. The increasing global population and subsequent demand for food necessitate more efficient and sustainable farming practices, pushing the adoption of smart agriculture technologies. Climate change and unpredictable weather patterns also drive the need for precise and adaptive farming methods to ensure crop resilience and food security. Technological advancements, such as improvements in sensor technology, AI, and IoT, have made these solutions more accessible and affordable for farmers. Additionally, government initiatives and subsidies promoting sustainable farming practices and technological adoption are significant growth drivers. The trend towards organic and high-quality food products has further fueled the demand for smart agriculture, as these technologies help in maintaining stringent quality standards. Moreover, the integration of blockchain technology for traceability and transparency in the food supply chain is emerging as a key factor in the market’s expansion. These drivers collectively ensure a robust growth trajectory for the smart agriculture market, positioning it as a critical component of the future of farming.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Smart Agriculture Hardware segment, which is expected to reach US$16.7 Billion by 2030 with a CAGR of a 10.1%. The Smart Agriculture Software segment is also set to grow at 12.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.1 Billion in 2023, and China, forecasted to grow at an impressive 13.8% CAGR to reach $2.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Agriculture Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Agriculture Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Agriculture Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Accenture PLC, AGCO Corporation, AeroVironment, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 199 Featured):
- Accenture PLC
- AGCO Corporation
- AeroVironment, Inc.
- Aerofarms LLC
- Afimilk Ltd.
- AG Leader Technology
- Aerial Technology International
- 4D Bios Inc.
- AEssense Grows
- AFFINOR Growers
- AgCode, Inc.
- Adas Hightex Pte Ltd.
- Agam Greenhouse
- 365FarmNet
- AgBridge
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture PLC
- AGCO Corporation
- AeroVironment, Inc.
- Aerofarms LLC
- Afimilk Ltd.
- AG Leader Technology
- Aerial Technology International
- 4D Bios Inc.
- AEssense Grows
- AFFINOR Growers
- AgCode, Inc.
- Adas Hightex Pte Ltd.
- Agam Greenhouse
- 365FarmNet
- AgBridge
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 501 |
| Published | March 2025 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 13.4 Billion |
| Forecasted Market Value ( USD | $ 27.3 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
