The North America Agriculture IoT Market is expected to witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Agriculture IoT Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $11.99 billion by 2031. The Canada market is experiencing a CAGR of 11.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 10.8% during 2024-2031.
Agriculture IoT (Internet of Things) integrates smart devices, sensors, and technology in farming practices to optimize agricultural operations. It is a subset of IoT tailored specifically for the agricultural sector, enabling farmers to collect real-time data, monitor conditions, and make informed decisions to improve efficiency, productivity, and sustainability. Agriculture IoT transforms traditional farming methods into a more precise and data-driven approach by combining advanced technologies like sensors, cloud computing, and data analytics.
The agriculture IoT market represents a transformative leap in the agricultural sector, blending technology with traditional farming practices to create a new era of efficiency, sustainability, and productivity. This swiftly advancing market is propelled by the growing imperative to tackle food security challenges, enhance resource efficiency, and mitigate the environmental impact of agricultural practices.
Canada has seen a rising demand for IoT solutions in agriculture, driven by sustainability concerns and government support for innovative technologies. Programs such as the Canadian Agricultural Partnership, a five-year, $3 billion investment by federal, provincial, and territorial administrations, aim to promote sustainable farming and improve productivity through advanced technologies like IoT. These systems allow Canadian farmers to optimize water usage, monitor soil conditions, and reduce chemical inputs, aligning with environmental stewardship goals. Given the escalating dependence on data-driven decision-making, government-supported initiatives, and the incorporation of advanced technologies, the agriculture IoT market in North America is positioned for continued growth in the forthcoming years.
The US market dominated the North America Agriculture IoT Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $11.99 billion by 2031. The Canada market is experiencing a CAGR of 11.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 10.8% during 2024-2031.
Agriculture IoT (Internet of Things) integrates smart devices, sensors, and technology in farming practices to optimize agricultural operations. It is a subset of IoT tailored specifically for the agricultural sector, enabling farmers to collect real-time data, monitor conditions, and make informed decisions to improve efficiency, productivity, and sustainability. Agriculture IoT transforms traditional farming methods into a more precise and data-driven approach by combining advanced technologies like sensors, cloud computing, and data analytics.
The agriculture IoT market represents a transformative leap in the agricultural sector, blending technology with traditional farming practices to create a new era of efficiency, sustainability, and productivity. This swiftly advancing market is propelled by the growing imperative to tackle food security challenges, enhance resource efficiency, and mitigate the environmental impact of agricultural practices.
Canada has seen a rising demand for IoT solutions in agriculture, driven by sustainability concerns and government support for innovative technologies. Programs such as the Canadian Agricultural Partnership, a five-year, $3 billion investment by federal, provincial, and territorial administrations, aim to promote sustainable farming and improve productivity through advanced technologies like IoT. These systems allow Canadian farmers to optimize water usage, monitor soil conditions, and reduce chemical inputs, aligning with environmental stewardship goals. Given the escalating dependence on data-driven decision-making, government-supported initiatives, and the incorporation of advanced technologies, the agriculture IoT market in North America is positioned for continued growth in the forthcoming years.
List of Key Companies Profiled
- Deere & Company
- Trimble, Inc.
- Raven Industries, Inc.
- AGCO Corporation
- Valmont Industries, Inc.
- Cropin Technology Solutions Private Limited
- A.A.A Taranis Visual Ltd.
- Libelium Comunicaciones Distribuidas S.L.
- Robert Bosch GmbH
- NXP Semiconductors N.V.
Market Report Segmentation
By Deployment- On-premise
- Cloud
- Hardware
- Software
- Services
- Wi-Fi
- Cellular
- Bluetooth
- Other Connectivity
- Precision Farming
- Livestock Monitoring
- Smart Greenhouse
- Aquaculture
- Other Application
- Large
- Mid-sized
- Small
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Agriculture IoT Market by Deployment
Chapter 6. North America Agriculture IoT Market by Component
Chapter 7. North America Agriculture IoT Market by Connectivity
Chapter 8. North America Agriculture IoT Market by Application
Chapter 9. North America Agriculture IoT Market by Farm Type
Chapter 10. North America Agriculture IoT Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Deere & Company
- Trimble, Inc.
- Raven Industries, Inc.
- AGCO Corporation
- Valmont Industries, Inc.
- Cropin Technology Solutions Private Limited
- A.A.A Taranis Visual Ltd.
- Libelium Comunicaciones Distribuidas S.L.
- Robert Bosch GmbH
- NXP Semiconductors N.V.
Methodology
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