Internet of Things (IoT) Agriculture Market Demand Will Reach a Value of USD 25.58 Billion by 2030, At a CAGR of 9.29%

►Global IoT in Agriculture Market Set to Reach USD 25.58 Billion by 2030, Driven by Technological Advancements and Regional Demand

Asia-Pacific Leads Growth with Highest CAGR, While North America Maintains Market Dominance

The global Internet of Things (IoT) in Agriculture market is experiencing significant growth, with projections indicating an increase from USD 13.73 billion in 2023 to USD 25.58 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 9.29% during the forecast period . This surge is attributed to the integration of advanced technologies such as drones, sensors, and data analytics in farming practices, enhancing productivity and sustainability.

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►Competitive Landscape

The IoT in Agriculture sector is characterized by intense competition, with key players striving to innovate and expand their market presence. Prominent companies include DeLaval, Crop Metrics, Raven Industries, AeroFarms, and SmartCultiva Corporation . These organizations are investing in research and development to offer cost-effective and efficient IoT solutions tailored to modern agricultural needs.

►Regional Insights

♦ United States: Growth and Innovation

The United States continues to be a significant player in the IoT in Agriculture market, driven by a robust startup ecosystem and technological advancements. Companies like Farmers Edge and Arable Labs are at the forefront, offering innovative solutions that enhance farm productivity . Recent collaborations, such as Deere & Company's partnership with SpaceX to provide satellite communications via Starlink, exemplify the country's commitment to integrating cutting-edge technology in agriculture .

♦ Asia-Pacific: Opportunities and Expansion

Asia-Pacific is witnessing the fastest growth in the IoT in Agriculture market, with a CAGR of 14.93% . The region's market size is expected to rise from USD 7.15 billion in 2024 to USD 17.91 billion by 2034 . This growth is fueled by increasing adoption of smart farming practices in countries like China, India, and Japan, supported by favorable government policies and a focus on food security.

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♦ Europe: Trends and Technological Adoption

Europe's IoT in Agriculture market is projected to grow at a CAGR of over 8% from 2025 to 2030 . The adoption of precision agriculture technologies, enhanced by the rollout of 5G connectivity, is enabling farmers to optimize resource usage and improve productivity. Countries like Germany and the UK are leading in integrating IoT solutions, driven by sustainability goals and government initiatives promoting digital farming.

♦ Middle East and Africa: Consolidation and Development

The Middle East and Africa are gradually embracing IoT in Agriculture to address challenges like water scarcity and food security. Countries such as South Africa, GCC nations, Egypt, and Nigeria are exploring smart farming solutions . Investments in IoT technologies are expected to enhance crop yields and promote sustainable farming practices in the region.

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► Market Segmentation: In-Depth Analysis:

by System

Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software

by Application P

recision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring

byFarm Type

Large
Mid-Sized
Small Farms

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► Learn about the top players driving innovation in the Market :

1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
17.DICKEY-john Corporation
18.Hitachi, Ltd
19.Telit
20.Decisive Farming
21.OnFarm Systems Inc.
22.Farmers Edge Inc.
23.SlantRange, Inc.
24.SmartCultiva Corporation

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