The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Food demand is expected to drive innovation in agriculture IoT manufacturing, driving the market during the forecast period.

The global agriculture IoT market is expected to grow from $12.75 billion in 2022 to $15.68 billion in 2023 at a compound annual growth rate (CAGR) of 11.44%. The agriculture IoT market is expected to reach $20.42 billion in 2027 at a CAGR of 9.49%.

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Global Agriculture IoT Market Segments Include:

• By Component type: Hardware, Software, Connectivity and Services
• By Hardware Type: Precision Farming Hardware, Precision Livestock Hardware, Precision Aquaculture Hardware, Precision Forestry Hardware, Smart Greenhouses Hardware, Others Hardware
• By Farm Type: Large, Mid-Sized, Small Farms
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global agriculture IoT market in 2021.

Major Market Players in the agriculture IoT market include Deere & Company, DeLaval, Topcon Positioning Systems, Inc., Trimble Inc., Raven Industries, AgJunction, Farmers Edge, Inc., Precision Hawk, AgEagle Aerial Sys.

Technological progress is a key trend that is gaining traction in the agricultural IoT market. To develop efficient products and solutions, major companies in the agriculture IoT market are investing in new technologies such as artificial intelligence. For example, Zyter Inc., a US-based digital health and IoT-enablement platform, will launch Zyter Smart Agriculture in December 2021. Zyter’s Smart Agriculture solution uses data from IoT sensors and AI (artificial intelligence) technologies to provide farmers and agronomists with a comprehensive virtual view of the farm ecosystem. It focuses on automating and optimising fundamental crop management procedures in order to create more sustainable, precision agriculture.

The Agriculture IoT Global Market Report 2023  provides a agriculture IoT market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agriculture IoT market forecast analyzes agriculture IoT market size, agriculture IoT market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Agriculture IoT (Internet of Things) refers to the use of sensors, cameras, and other devices to convert every aspect and action in farming into data. Agriculture IoT assists in the generation of large data sets from weather, moisture, plant health, mineral status, chemical applications, insect presence, and a variety of other variables, allowing big data engineers to derive insights about the farm at various levels of granularity using software algorithms. Agriculture IoT assists farmers in deciding how to plant, irrigate, harvest, and other tasks.

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