2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theSmart Agriculture Market?

The escalating demands on food supply systems due to the rapidly increasing population are likely to spur the expansion of the smart agriculture market. The food supply system encompasses all individuals and interactions that occur throughout the food value chain, beginning from the input supply all the way to crop production, livestock rearing, fishing, as well as processing, wholesaling, retail, preparing it for consumption and eventual disposal. Smart farming, through the facilitation of effective and equitable information flow, serves as a vital connector linking everyone in the food supply chain, thereby fostering improved decision-making. For instance, the challenge of eradicating hunger by 2030, as revealed by the Global Report on Food Crises (GRFC) 2024 issued in April 2024 by the Italy-based World Food Programme, is daunting. It was reported that in 2023, an estimated 282 million individuals, constituting 21.5% of the population examined across 59 countries and territories, were severely food insecure and urgently required help for food and livelihoods. Consequently, the mounting pressure on the food supply system due to the rapidly increasing population is propelling the smart agriculture market’s growth.

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#What Are the Key Projections for the CAGR of the Smart Agriculture Market From 2025 to 2034?

There has been a swift expansion in the size of the smart agriculture market in the past few years. Its growth is projected to surge from $16.25 billion in 2024 to $18.34 billion in 2025, with a compound annual growth rate (CAGR) of 12.8%. Factors contributing to the growth observed during the historic period include an increasing global population, concerns about climate change, governmental initiatives and support, farm labour shortages, and worries over water scarcity.

In the next several years, considerable increase in the size of the smart agriculture market is anticipated. This market will expand to $28.44 billion by 2029 with a compound annual growth rate (CAGR) of 11.6%. The projected advancement during the forecast period can be attributed to the emphasis on sustainable farming, the increasing demand for organic produce, the focus on eco-friendly agricultural practices, and the adoption of smart irrigation systems. Some major anticipated trends within this period include precision farming and precision agriculture, the utilization of Internet of Things (IoT) sensors, the application of farm management software and platforms, the incorporation of robotics and automation in farming, the use of blockchain for supply chain transparency, climate-smart agriculture, and partnerships and collaborations in the agtech ecosystem.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theSmart Agriculture Market?

Leading firms in the smart agriculture market are concentrating on enhancing technology, including sophisticated AI integration that allows for precise crop yield forecasting and identification of ideal global growth conditions. Advanced AI integration involves smoothly incorporating AI technology into a variety of systems to facilitate automated decisions, data interpretation, and improved user interaction. For instance, Cropin, a software firm from India, unveiled Sage in July 2024. This platform seeks to revolutionize agricultural decision-making by delivering extensive data and insights. This AI-driven agri-intelligence platform merges generative AI, weather data, crop knowledge graphs, and advanced models. It provides real-time insights for predicting yields and pinpointing the best growing conditions worldwide. Leveraging a grid-based mapping system, it supplies precise data for 13 key crops, meeting 80% of the global food demand. The platform supports stakeholders in making data-based decisions to improve food security.

Who Are the Key Market Players Influencing the Growth of the Corn and Smart Agriculture Industry?

Major companies operating in the smart agriculture market are Deere & Company, AG Leader Technology Inc., Trimble Inc., Bayer Crop Science LP, Syngenta AG, Corteva Agriscience Inc., PrecisionHawk Inc., The Climate Corporation, Farmers Edge Inc., Taranis Inc., Raven Industries Inc., AeroFarms LLC, Granular Inc., AgriWebb Pty Ltd, Ecorobotix AG, CropX Inc., SmartFarm LLC, Indigo Ag Inc., Ceres Imaging Inc., Hexagon AB, FarmLogs Inc., Parrot Drones SAS, Vultus Inc., Prospera Technologies Inc., Fieldin Inc., Sentera Inc., Harvest CROO Robotics LLC, Blue River Technology Inc., AgFunder Inc., AgroStar

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Which Key Market Segments Comprise the Smart Agriculture Market and Drive Its Revenue Growth?

The smart agriculture market covered in this report is segmented –

1) By Offering: Hardware, Software, Services

2) By Farm Size: Small, Medium, Large

3) By Application: Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Other Applications

Subsegments:

1) By Hardware: Sensors, Drones And Aerial Imaging, Automated Machinery, IoT Devices

2) By Software: Farm Management Software, Data Analytics Platforms, Precision Agriculture Software, Supply Chain Management Solutions

3) By Services: Consulting Services, Managed Services, Technical Support And Maintenance, Training And Education

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https://www.thebusinessresearchcompany.com/customise?id=8038&type=smpGlobal Smart Agriculture Market, Global Smart Agriculture Market Report, Global Smart Agriculture Market Trends, Global Smart Agriculture Market Size

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