Press release
Global Smart Agriculture Market Report 2025: Key Players, Growth Drivers, and Forecast for 2024-2033
Smart Agriculture Global Market Share
What Is The Projected Market Size Of The Global Smart Agriculture Global Market Report 2025 And Its Growth Rate?
The Global Smart Agriculture market has seen impressive growth and is projected to continue on this trajectory:
•2024 Market Size: $16.25 billion
•2025 Market Size: $18.34 billion (12.8% CAGR)
•2029 Market Size: $28.44 billion (11.6% CAGR)
Key drivers of this growth include a growing global population, climate change concerns, government initiatives, farm labour shortages, and water scarcity concerns.
What Is Driving The Growth In The Smart Agriculture Global Market Report 2025?
The rapidly growing global population is putting considerable strain on the food supply system, which in turn is propelling the growth of the smart agriculture market. The need for efficient and equitable information flow and better decision-making in the food supply chain is being addressed by smart farming. According to the Global Report on Food Crises (GRFC) 2024, about 21.5% of the population across 59 countries and territories experienced severe food insecurity in 2023, necessitating urgent assistance. This rising pressure on the food supply system underscores the crucial need for innovations like smart agriculture.
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Who Are the Key Players Driving Smart Agriculture Global Market Report 2025 Growth?
Prominent companies in the smart agriculture market include:
•Deere & Company
•AG Leader Technology Inc.
•Trimble Inc.
•Bayer Crop Science LP
•Syngenta AG
•Corteva Agriscience Inc.
•PrecisionHawk Inc.
•The Climate Corporation
•Farmers Edge Inc.
•Taranis Inc.
What Are The Key Trends In The Smart Agriculture Global Market Report 2025?
Key trends in the smart agriculture market include:
•Precision farming and precision agriculture
•Adoption of IoT sensors
•Use of farm management software and platforms
•Robotics and automation in farming
•Blockchain for supply chain transparency
•Climate-smart agriculture
•Collaborations and partnerships in the agtech ecosystem.
What Are The Segments Of The Global Smart Agriculture Global Market Report 2025?
The smart agriculture market is segmented into:
1) By Offering: Hardware, Software, Services
2) By Farm Size: Small, Medium, Large
3) By Application: Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Other Applications.
Which Region Leads The Smart Agriculture Global Market Report 2025?
North America was the largest region in the smart agriculture market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the smart agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Agriculture Global Market Report 2025?
- Market Size Analysis: Analyze the Smart Agriculture Global Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Agriculture Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Agriculture Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Agriculture Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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