LAMEA Agriculture IoT Market Size, Share & Trends Analysis Report By Deployment, By Component, By Connectivity, By Application, By Farm Type, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Agriculture IoT Market is expected to witness market growth of 11.6% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA 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 $1.24 billion by 2031. The Argentina market is registering a CAGR of 13.1% during 2024-2031. Additionally, the UAE market would witness a CAGR of 10.7% during 2024-2031.



Aerial imaging is another significant application, where drones equipped with multispectral and thermal cameras capture detailed data to detect issues invisible to the naked eye. Thermal imaging, for instance, can identify water stress in crops, while multispectral imaging highlights nutrient deficiencies or diseases. These insights enable data-driven decisions, improving productivity and sustainability. Drones are also cost-effective, saving time and labor compared to traditional monitoring and pest control methods. AI-powered drones are expected to further enhance agricultural operations with autonomous navigation and real-time analytics as technology advances. By providing an efficient, sustainable, and scalable solution, drones transform agriculture and address the growing global demand for food production.

The increasing impact of climate change on traditional farming practices has driven the demand for climate-resilient farming solutions, with IoT technologies playing a crucial role. IoT devices, such as weather sensors and satellite-based systems, provide real-time temperature, humidity, and rainfall data. This information is analyzed to generate actionable insights and timely alerts, enabling farmers to respond to extreme weather events. For example, IoT-based systems can warn farmers of impending storms or sudden temperature drops, allowing them to secure equipment or protect crops. IoT-enabled soil moisture sensors help optimize water usage in drought-prone regions, ensuring efficient irrigation without waste.

Saudi Arabia’s Vision 2030 initiative drives significant investments in IoT and smart farming technologies to reduce reliance on food imports and increase local agricultural production. The Saudi Agricultural Development Fund (ADF) provides financial support for IoT-based solutions, including AI-powered farm monitoring, vertical farming systems, and blockchain-enabled supply chain tracking. The National Transformation Program (NTP) further promotes the adoption of IoT-integrated tools like precision farming systems, remote sensing technology, and cloud-based farm management platforms. With a strong emphasis on water-efficient farming and controlled-environment agriculture, Saudi Arabia is positioning itself as a regional leader in IoT-driven agricultural modernization. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.

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

By Component

• Hardware
• Software
• Services

By Connectivity

• Wi-Fi
• Cellular
• Bluetooth
• Other Connectivity

By Application

• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Aquaculture
• Other Application

By Farm Type

• Large
• Mid-sized
• Small

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA