Smart Agriculture

Global Smart Agriculture Market to Reach US$27.3 Billion by 2030

The global market for Smart Agriculture estimated at US$14.8 Billion in the year 2024, is expected to reach US$27.3 Billion by 2030, growing at a CAGR of 10.7% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 10.1% CAGR and reach US$16.7 Billion by the end of the analysis period. Growth in the Software segment is estimated at 12.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.5 Billion While China is Forecast to Grow at 13.7% CAGR

The Smart Agriculture market in the U.S. is estimated at US$4.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 13.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.4% and 9.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.

Global Smart Agriculture Market - Key Trends & Drivers Summarized

Smart agriculture, also known as precision farming or digital agriculture, leverages advanced technologies to enhance the efficiency and productivity of agricultural practices. This approach integrates the Internet of Things (IoT), artificial intelligence (AI), machine learning, and big data analytics to monitor and manage agricultural activities with unprecedented precision. Smart agriculture systems use sensors to collect data on soil moisture, nutrient levels, crop health, and weather conditions, which is then analyzed to make informed decisions about irrigation, fertilization, and pest control. This real-time data-driven approach allows farmers to optimize resource use, increase crop yields, and reduce environmental impact, making farming more sustainable and profitable.

The implementation of smart agriculture involves several key technologies and tools. Drones and satellite imagery provide detailed aerial views of farmland, helping to identify issues such as pest infestations, nutrient deficiencies, and water stress that are not easily detectable from the ground. Automated machinery, such as GPS-guided tractors and robotic harvesters, ensures precision in planting, tending, and harvesting crops. Additionally, advanced software platforms offer comprehensive farm management solutions, integrating data from various sources to provide actionable insights and facilitate strategic planning. These platforms often include features like predictive analytics for yield forecasting, market trend analysis, and supply chain management, helping farmers make better-informed 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.

SCOPE OF STUDY:

The report analyzes the Smart Agriculture market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Offering (Hardware, Software, Services); Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Other Agriculture Types)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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