Internet of Things (IoT) Agriculture Market Assessments, Business Revenue by Leading Competitors And Forecast 2029

The Internet of Things (IoT) Agriculture Market, valued at USD 11.5 Billion in 2021, is set to reach USD 23.4 Billion by 2029, showcasing a robust CAGR of 9.29% during the forecast period (2022-2029).

Report Scope:
The report delves into the transformative landscape of IoT in agriculture, analyzing the integration of drones, robots, sensors, and imaging tools for data-driven insights. It explores the dynamic industry players, competition, and the evolving demand for affordable agriculture IoT solutions.

Research Methodology:
Our meticulous research methodology involves capturing key players' revenues and determining global market size through various reliable sources. We utilize a bottom-up approach, incorporating the adoption rate and pricing by key players. Primary research, including extensive interviews with industry experts, validates the overall market engineering process, ensuring precise statistics.

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Internet of Things (IoT) Agriculture Market Dynamics

Drivers:

Climate Change Impact: The escalating effects of climate change on arable land drive significant growth in IoT technologies to ensure sustainable food production.
Government Initiatives: Increasing government efforts globally, with examples such as China's use of sensing satellites and Japan's policies supporting research and product creation in precision farming.
Restraints:

High Initial Investment: The substantial initial investment required for IoT equipment poses a barrier, particularly for smaller and less wealthy farmers.
Security and Privacy Concerns: The industry faces challenges in standardizing data management, creating a hurdle in information aggregation and utilization.

Internet of Things (IoT) Agriculture Market Segment Analysis

Application: Precision farming dominates with over 35% market share in 2021, driven by IoT integration in precision imaging, real-time data collection, and enhanced monitoring.

by Application

• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring

Farm Type: Small farms witness rapid adoption due to declining costs of automation equipment, making it more practical for smaller farms to deploy advanced technologies.

by Farm Type

• Large
• Mid-Sized
• Small Farms

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Who are Internet of Things (IoT) Agriculture Market Key Players?
• Deere & Company
• Trimble, Inc.
• Leica Geosystems
• Raven Industries
• AG Junction, Inc.
• Agco Corporation
• Precision Planting Inc.
• The Climate Corporation
• DeLaval
• GEA Farm Technology
• Lely
• Antelliq
• AG Leader Technology
• Tigercat
• Ponsse
• Komatsu Forest AB
• DICKEY-john Corporation
• Hitachi, Ltd
• Telit
• Decisive Farming
• OnFarm Systems Inc.
• Farmers Edge Inc.
• SlantRange, Inc.
• SmartCultiva Corporation

Table of content for the Internet of Things (IoT) Agriculture Market includes:

Part 01: Executive Summary

Part 02: Scope of the Internet of Things (IoT) Agriculture Market Report

Part 03: Internet of Things (IoT) Agriculture Market Landscape

Part 04: Internet of Things (IoT) Agriculture Market Sizing

Part 05: Internet of Things (IoT) Agriculture Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Internet of Things (IoT) Agriculture Market Regional Insights:

North America: Dominates with a 42.12% market share in 2021, fueled by increasing government activities and regulations supporting the agriculture sector.
Asia-Pacific: Anticipated to exhibit the highest growth rate, propelled by rising government backing and increasing cultivator awareness.

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