Emerging Trends to Drive Agriculture IoT Market Growth at 10.7% CAGR Through 2029

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Agriculture IoT Market Size Growth Forecast: What to Expect by 2025?
The scale of the agricultural internet of things (IoT) market has significantly expanded in the past few years. Its growth is projected to rise from $15.32 billion in 2024 to $16.67 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The development through the past era can be ascribed to farm automation and mechanization, the adoption of intelligent farming procedures, the expansion of connectivity infrastructure, large-scale operations and expansion of farm size, monitoring of crop health, effective resource management, tracking weather and climate, and its affordability and scalability.

How Will the Agriculture IoT Market Size Evolve and Grow by 2029?
The market size of agricultural IoT is projected to witness exponential growth in the coming years, reaching a value of $25.07 billion in 2029, with a 10.7% Compound Annual Growth Rate (CAGR). This growth in the predicted duration can be credited to a range of factors including the international expansion of precision agriculture, government norms and regulations, incorporation of drones and UAVs, efforts to combat climate change, its increasingly widespread adoption in growing regions, use of predictive analytics in disease control, customising for different crop types and emphasis on sustainable agriculture. The forecast period also foresees major trends such as advancements in sensor technology, fusion of artificial intelligence and machine learning, agricultural farm management software, autonomous equipment and robotics, utilisation of edge computing in farming, subscription models for IoT services and the use of blockchain for increased transparency.

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What Drivers Are Propelling the Growth of Agriculture IoT Market Forward?
The expansion of the agriculture IoT market is being propelled by a surge in food demand. Food, the nourishing substance consumed by humans and animals for essential nutrition, is experiencing a surge in demand due to the growing global population. IoT solutions are being developed to aid farmers in closing the gap between supply and demand by ensuring high crop yields, economic viability, and environmental sustainability. For example, The Food and Agricultural Organization, a Canada-based United Nations entity, has reported that global food production will need to rise by 70% in order to accommodate the anticipated global population increase to 9.6 billion by 2050. Thus, escalating food demand is accelerating the development of the agriculture IoT market.

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Which Emerging Trends Are Transforming the Agriculture IoT Market in 2025?
Leading businesses in the agriculture IoT market are concentrating their efforts to innovate products like IoT-based aftermarket devices, to improve crop supervision and refine the management of resources. These products can upgrade existing farming equipment by facilitating instant data collection and evaluation, enabling farmers to optimize performance and operations without substituting complete systems. Mahindra & Mahindra's agritech division, Krish-e, an Indian manufacturing firm, introduced the Krish-e-Smart Kit for farming machinery. This offers multiple benefits for farmers and equipment proprietors, such as real-time monitoring of tractor performance and usage, leading to more effective management and limiting downtime.

What Are the Key Segments in the Agriculture IoT Market?
The agriculture iotmarket 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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Who Are the Key Players Shaping the Agriculture IoT Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Agriculture IoT Market?
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.

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