Steady Expansion Forecast for Internet Of Things (IoT) In Precision Agriculture Market, Projected to Reach $16.98 Billion by 2029

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What Is the Expected CAGR for the Internet Of Things (IoT) In Precision Agriculture Market Through 2025?
In recent times, there has been a significant expansion in the size of the precision agriculture market involving the internet of things (IoT). This market is set to increase from $7.09 billion in 2024 to $8.41 billion in 2025, indicating a compound annual growth rate (CAGR) of 18.6%. This robust growth during the historical period can be traced back to the enhanced adoption of Global Positioning System (GPS) technology, escalated demand for yield monitoring, overshadowing global necessity for food, governmental backing towards smart farming, and increasing anxiety about resource optimization.

What's the Projected Size of the Global Internet Of Things (IoT) In Precision Agriculture Market by 2029?
An upswing is predicted in the size of the precision agriculture market related to the internet of things (IoT) in the coming years. Estimates suggest it will swell to $16.98 billion by 2029, with a compound annual growth rate (CAGR) of 19.2%. The projected escalation during this period can be linked to the growth of smart farming, wider use of cloud-based platforms, increased funding for agri-tech startup ventures, need for instant farming data, and an uptick in the use of self-operating farming machinery. Key trends expected during the forecast period encompass growth in drone-assisted crop oversight, introduction of digital twin technology, a shift in focus towards predictive analytics, incorporation of blockchain for enhanced supply chain visibility, and the rise in subscription-based farming management solutions.

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Top Growth Drivers in the Internet Of Things (IoT) In Precision Agriculture Industry: What's Accelerating the Market?
The surge in worldwide food demand is predicted to drive the expansion of the precision agriculture market using the internet of things (IoT). This demand comes from increasing population, urbanization, and shifting diets. Additionally, higher income brackets contribute to the rise in consumption of foods requiring more resources. Precision agriculture enabled by IoT helps augment food production by leveraging smart sensors to accurately monitor crops and resources, allowing for greater crop yields, less wastage, and the progression towards sustainable farming to cater to the growing global food demand. To illustrate, the Global Report on Food Crises 2024 by the World Food Programme, an Italy-based humanitarian group, stated that around 282 million people in 59 countries experienced severe acute food insecurity in 2023. This underscores the pressing need for productive and sustainable agricultural methods. Hence, the growing global food demand is steering the progress of the precision agriculture market through IoT.

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What Trends Will Shape the Internet Of Things (IoT) In Precision Agriculture Market Through 2029 and Beyond?
Major players in the precision agriculture sector of the Internet of Things (IoT) market are channeling their efforts toward the creation of revolutionary products, like AI-incorporated farm management systems, to augment real-time judgement and efficient resource allocation. These advanced farming applications, empowered by AI, guide farmers in keeping a check on crop health, evaluating soil conditions, and observing environmental elements, which ultimately lead to more productive and environment-friendly farming methods. For instance, in March 2025, ARB IOT Group Limited, a company based in Singapore and specializing in IoT solutions, introduced an AI-driven smart agricultural drone engineered to add precision to farming methodologies. This innovative drone blends artificial intelligence with IoT facilities to keep an eye on crop health, examine soil conditions, and adjust the application of pesticides and fertilizers, all of which encourage resource efficiency and green farming. It is designed to help farmers enhance their crop yield results while simultaneously minimizing operational expenses and diminishing environmental harm.

What Are the Main Segments in the Internet Of Things (IoT) In Precision Agriculture Market?
The internet of things (iot) in precision agriculturemarket covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By System: Sensing System, Cloud Computing, Other Systems
3) By Application: Weather Tracking And Forecasting, Yield Monitoring And Farm Mapping, Crop Scouting, Irrigation Management, Other Applications

Subsegments:
1) By Hardware: Sensors, Drones, Global Positioning System (GPS) Devices, Smart Irrigation Systems, Control Systems, Cameras, Automation And Control Systems
2) By Software: Farm Management Software, Data Analytics Software, Remote Monitoring Software, Predictive Modeling Software, Cloud-Based Software, Mapping Software
3) By Services: System Integration Services, Managed Services, Professional Services, Consulting Services, Support And Maintenance Services, Connectivity Services

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Which Top Companies are Driving Growth in the Internet Of Things (IoT) In Precision Agriculture Market?
Major companies operating in the internet of things (IoT) in precision agriculture market are Hitachi Ltd., International Business Machines Corporation (IBM), Deere & Company, Cisco Systems Inc., Case New Holland Industrial (CNHi) N.V., AGCO Corporation, Mouser Electronics Inc., Trimble Inc., Topcon Corporation, Climate LLC, Sentera Inc., CropX Inc., AeroFarms Inc., Actility SA, Monnit Corporation, AgJunction Inc., Ag Leader Technology, AGRIVI Ltd., Heliospectra AB, Pycno Industries Inc., Davra Networks Limited, Farmonaut Technologies Pvt. Ltd.

Which Regions Will Dominate the Internet Of Things (IoT) In Precision Agriculture Market Through 2029?
North America was the largest region in the internet of things (IoT) in precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (IoT) in precision agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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