Agriculture IoT Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Agriculture IoT Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Agriculture IoT Market Size During the Forecast Period?
The size of the agriculture IoT market has seen significant expansion in the past few years. The market value is expected to increase from $15.32 billion in 2024 to $16.77 billion in 2025, marking a compound annual growth rate (CAGR) of 9.5%. Factors that have contributed to this rise during the historic period include the adoption of farm automation and mechanization, the emergence of smart farming methods, the growth of connectivity infrastructure, expansion of farm size and large-scale operations, crop health surveillance, effective resource utilization, weather and climate tracking, as well as affordability and the ability to scale.

Expectations are high for the agriculture iot market size to experience rapid growth in the upcoming years, with the projection to reach $25.59 billion by 2029, boasting a CAGR of 11.1%. The predicted growth during this period can be linked to the global expansion of precision agriculture, imposed government regulations and standards, the incorporation of drones and UAVs, efforts on climate change mitigation, the growing adoption rate in developing regions, the use of predictive analytics for disease management, customization suitable for various crop types, and an emphasis on sustainable agriculture. The forecast period is set to see major trends such as advancements in sensor technology, application of AI and machine learning, farm management software, self-governing machinery and robotics, edge computing within the agriculture sector, subscription-based IoT services, and the use of blockchain for transparency.

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What Are the High-Growth Segments in the Agriculture IoT Market?
The agriculture iot market covered in this report is segmented -

1) By Component type: Hardware, Software, Connectivity And Services
2) By Farm Type: Large, Mid-Sized, Small Farms

Subsegments:
1) By Hardware: Sensors, Actuators, Drones, RFID Tags
2) By Software: Data Analytics Platforms, Farm Management Software, Monitoring And Control Software
3) By Connectivity: Wireless Technologies, Cellular Networks, Satellite Communication
4) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services

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What Key Drivers Are Expected to Influence Future Agriculture IoT Market Growth?
The surge in food requirements is propelling the expansion of the agriculture IoT market. Food, which is consumed by humans and animals for essential nourishment and sustenance, is in higher demand due to global population growth. IoT solutions are crafted to aid farmers in overcoming the disparity in supply and demand by ensuring abundant production, financial prosperity, and environment preservation. For example, The Food and Agricultural Organization, a subsidiary of the United Nations based in Canada, indicates that to cater to the burgeoning global populace, estimated to touch 9.6 billion by 2050, the worldwide food production has to surge by 70%. Consequently, the escalating demand for food is fuelling the growth of the agricultural IoT market.

Which Companies Hold the Largest Share Across Different Agriculture IoT Market Segments?
Major companies operating in the agriculture iot market are Deere & Company, The Tetra Laval Group, Topcon Positioning Systems Inc., Trimble Inc., Raven Industries Inc., AgJunction Inc., Farmers Edge Inc., Field Group AS, AgEagle Aerial Systems, Komatsu Forest AB, InnovaSea Systems Inc., Steinsvik AS, Ponsse PLC, The Climate Corporation, OnFarm Systems Inc., SlantRange Inc., TELUS Agriculture Solutions Inc., Ag Leader Technology, Autonomous Solutions Inc., BouMatic Robotic B.V., Helium Systems Inc., Benchmark Labs Inc., Jala Corporation, Myriota Pty Ltd, ket*os Inc., FarmInsect Ltd., Orbital Insight Inc., M5Stack Technology Co. Ltd., KisanHub Ltd., Amber Agriculture Inc., Arable Labs Inc., Sencrop SAS

What Trends Are Driving Growth in The Agriculture IoT Market?
Key players in the agricultural IoT sector are turning their focus towards the creation of innovative technologies, such as IoT-powered supplemental devices, to improve crop surveillance and make the management of resources more efficient. Supplementary IoT devices enhance existing farming tools by facilitating on-the-spot data gathering and examination, permitting farmers to oversee performance and fine-tune operations without having to overhaul complete systems. One such example is the Krish-e-Smart Kit, launched by the agritech division of the India-based manufacturing company, Mahindra & Mahindra. This kit significantly boosts scrutiny by offering real-time observations on tractor efficiency and utilization, enabling more effective management and reducing lagging times.

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What Are the Emerging Geographies for The Agriculture IoT Market Growth?
North America was the largest region in the agriculture IoT market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Agriculture IoT Market?
2. What is the CAGR expected in the Agriculture IoT Market?
3. What Are the Key Innovations Transforming the Agriculture IoT Industry?
4. Which Region Is Leading the Agriculture IoT Market?

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