Press release
Global Trends Overview: The Rapid Development of the Internet of Things (IoT) in the Precision Agriculture Market
Internet Of Things (IoT) In Precision Agriculture Market
Projected Expansion of the Internet of Things in Precision Agriculture Market Size by 2030
The IoT in precision agriculture market is anticipated to experience significant growth over the next several years. By 2030, the market size is forecasted to reach $20.17 billion, advancing at a compound annual growth rate (CAGR) of 19.1%. This surge is driven by several factors including the incorporation of AI-powered crop analytics, the rise of autonomous farming machinery, the broadening adoption of climate-smart agriculture techniques, the expansion of cloud-based farm management platforms, and an increasing demand for optimizing crop yields. Emerging trends expected to play a substantial role during this period include smart irrigation systems, real-time crop monitoring, precision farming analytics, automated integration of farm equipment, and remote management of fields.
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Current Market Leaders in IoT for Precision Agriculture
Several prominent companies dominate the IoT in precision agriculture market landscape. Key players include 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, and Farmonaut Technologies Pvt. Ltd.
A notable development occurred in July 2023 when Deere & Company, a US-based manufacturer of agricultural machinery, acquired Smart Apply, an agri-tech startup specializing in data-driven precision spraying technology. Although the financial details were not disclosed, this acquisition aims to bolster John Deere's precision agriculture capabilities by promoting sustainable farming through targeted spraying solutions. Smart Apply's technology is particularly focused on orchards, vineyards, and tree nurseries, aligning with Deere's strategy to minimize chemical use while enhancing operational efficiency in specialty crop production.
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Innovations and Trends Shaping the Future of IoT in Precision Agriculture
Leading companies in the IoT precision agriculture market are emphasizing the creation of innovative solutions such as AI-integrated farm management platforms. These platforms provide real-time decision support and optimize resource use. With AI-powered smart farm applications, farmers can effectively monitor crop health, soil quality, and environmental conditions, thereby encouraging more sustainable and efficient agricultural practices.
For example, in March 2025, ARB IOT Group Limited, an IoT solutions provider based in Singapore, introduced an AI-powered smart agriculture drone. This device combines artificial intelligence with IoT functionalities to monitor crop health closely, analyze soil conditions, and optimize the application of pesticides and fertilizers. The drone aims to boost resource efficiency, reduce operational costs, and lower environmental impact, helping farmers achieve better yield outcomes in a sustainable manner.
How the IoT in Precision Agriculture Market is Structured
This report segments the IoT in precision agriculture market into several key categories:
1) By Component: Hardware, Software, and Services
2) By System: Sensing Systems, Cloud Computing, and Other Systems
3) By Application: Weather Tracking and Forecasting, Yield Monitoring and Farm Mapping, Crop Scouting, Irrigation Management, and Other Applications
Breaking these down further,
- Hardware includes sensors, drones, GPS devices, smart irrigation systems, control systems, cameras, and automation and control systems.
- Software covers farm management platforms, data analytics software, remote monitoring tools, predictive modeling software, cloud-based applications, and mapping software.
- Services involve system integration, managed services, professional consulting, support and maintenance, and connectivity services.
This segmentation provides a detailed framework to understand the various components and applications shaping the growth and adoption of IoT technologies in precision agriculture worldwide.
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