Smart Agriculture Market Size, Share, and Growth Analysis, By Connecting Technologies (Internet Of Things, Cellular IoT), By Farm Size, By Agriculture Type, By Offering, By Application, By Region - Industry Forecast 2025-2032
Smart Agriculture Market size was valued at USD 14.34 billion in 2023 and is poised to grow from USD 15.7 billion in 2024 to USD 32.45 billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).
The demand for commercial greenhouses is being driven by the increasing automation of operations and the implementation of controlled environment agriculture (CEA) to optimize yields and growing conditions. Cultivators are recognizing the advantages of greenhouse cultivation, leading to a transition from conventional lighting systems to LED grow lights, which, despite their higher initial cost, offer long-term energy efficiency benefits. Meanwhile, smart agriculture companies are focusing on equipment that utilizes advanced sensors and cameras, enhancing real-time data acquisition on livestock through technologies like RFID and GPS. Additionally, infrastructural health sensors are being deployed across various structures to monitor conditions, while agricultural robots are automating key farming processes such as planting, harvesting, and irrigation, further advancing efficiency in modern agriculture.
Top-down and bottom-up approaches were used to estimate and validate the size of the Smart Agriculture market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Smart Agriculture Market Segments Analysis
Global Smart Agriculture Market is segmented by Connecting Technologies, Farm Size, Agriculture Type, Offering, Application and region. Based on Connecting Technologies, the market is segmented into Internet Of Things (IoT), Cellular IoT, Lora and Global Navigation Satellite System (GNSS). Based on Farm Size, the market is segmented into Large Farms, Medium Farms and Small Farms. Based on Agriculture Type, the market is segmented into Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse and Other Agriculture Types. Based on Offering, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse and Others Application. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Smart Agriculture Market
The Smart Agriculture market is significantly influenced by the rising pressure on the global food supply chain. This demand for innovative agricultural technologies arises from the necessity to enhance food production while utilizing limited resources effectively. Factors such as the need for increased crop yields, constraints posed by finite arable land and water resources, and the adverse effects of climate change on traditional farming methods are propelling the adoption of smart agriculture solutions. Technologies like smart irrigation, soil monitoring, and predictive climate analytics empower farmers to optimize their resource usage, minimize waste, and adapt to evolving weather conditions, thereby fostering sustainable agricultural practices.
Restraints in the Smart Agriculture Market
The smart agriculture market faces significant constraints primarily due to connectivity and infrastructure challenges. Many smart agriculture technologies, including IoT sensors, drones, and cloud-based data analytics platforms, necessitate reliable internet access and advanced digital infrastructure to function effectively. Without stable connectivity, the essential processes of data collection, transmission, and real-time processing are hindered. Additionally, inadequate infrastructure may escalate the costs and intricacies associated with the installation and operation of smart agriculture systems. These barriers pose a substantial hurdle for the widespread adoption of smart agriculture solutions, limiting their potential impact on enhancing agricultural efficiency and productivity.
Market Trends of the Smart Agriculture Market
The Smart Agriculture market is witnessing a robust upward trend, propelled by escalating investments and initiatives aimed at enhancing farming efficiency, sustainability, and productivity. Adoption of precision farming technologies like drones, soil sensors, and satellite imagery is becoming increasingly prevalent, enabling farmers to optimize resource use and minimize costs through real-time data analytics. This shift is further supported by government and private sector initiatives that promote precision irrigation, regenerative agriculture, and organic pest management, aligning with global sustainability objectives. As farmers seek innovative solutions to address climate change and food security challenges, the demand for smart agriculture solutions is expected to flourish.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Smart Agriculture Market Size by Connecting Technologies Used In Smart Agriculture & CAGR (2025-2032)
Market Overview
Internet Of Things (IoT)
Cellular IoT
Lte-M
Nb-IoT
Lora
Global Navigation Satellite System (GNSS)
Global Smart Agriculture Market Size by Farm Size & CAGR (2025-2032)
Market Overview
Large Farms
Medium Farms
Small Farms
Global Smart Agriculture Market Size by Agriculture Type & CAGR (2025-2032)
Market Overview
Precision Farming
Livestock Monitoring
Precision Aquaculture
Smart Feeding Systems
Monitoring And Control Systems
Underwater Remotely Operated Vehicles
Precision Forestry
Smart Greenhouse
Other Agriculture Types
Global Smart Agriculture Market Size by Offering & CAGR (2025-2032)
Market Overview
Hardware
Precision Farming Hardware
Automation & Control Systems
Sensing & Monitoring Devices
Water Sensors
Climate Sensors
Other Sensors
Livestock Monitoring Hardware
RFID Tags & Readers
Sensors
Transmitters & Mounting Equipment
GPS
Others
Precision Forestry Hardware
Harvesters & Forwarders
UAVS/Drones
GPS
Cameras
Sensors & RFID Tags
Variable Rate Controllers
Others
Precision Aquaculture Hardware
Monitoring Devices
Camera Systems
Control Systems
Others
Smart Greenhouse Hardware
HVAC Systems
Led Grow Lights
Irrigation Systems
Material Handling Equipment
Valves & Pumps
Control Systems
Sensors & Cameras
Other Hardware
Software
On-Premises Software
On-Cloud
Software-As-A-Service (Saas)
Platform-As-A-Service (Paas)
Ai & Data Analytics
Farm Management Software
Services
System Integration And Consulting Services
Managed Services
Farm Operation Services
Data Services
Analytics Services
Connectivity Services
Assisted Professional Services
Supply Chain Management Services
Climate Information Services
Other Services
Maintenance And Support Services
Global Smart Agriculture Market Size by Application & CAGR (2025-2032)
Market Overview
Precision Farming
Yield Monitoring
On-Farm Yield Monitoring
Off-Farm Yield Monitoring
Crop Scouting
Field Mapping
Boundary Mapping
Drainage Mapping
Variable Rate Application
Precision Irrigation
Precision Seeding
Precision Fertilization
Pesticide VRA
Weather Tracking & Forecasting
Inventory Management
Farm Labor Management
Financial Management
Others
Livestock Monitoring
Milk Harvesting Management
Breeding Management
Feeding Management
Heat Stress Management
Animal Comfort Management
Behavior Monitoring and Control
Others
Precision Aquaculture
Feeding Management
Monitoring, Control, And Surveillance
Others
Precision Forestry
Genetics & Nurseries
Silviculture & Fire Management
Harvesting Management
Inventory & Logistics Management
Smart Greenhouse
HVAC Management
Yield Monitoring & Harvesting
Water & Fertilizer Management
Others
Others Application
Global Smart Agriculture Market Size & CAGR (2025-2032)
North America (Connecting Technologies Used In Smart Agriculture, Farm Size, Agriculture Type, Offering, Application)
US
Canada
Europe (Connecting Technologies Used In Smart Agriculture, Farm Size, Agriculture Type, Offering, Application)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Connecting Technologies Used In Smart Agriculture, Farm Size, Agriculture Type, Offering, Application)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Connecting Technologies Used In Smart Agriculture, Farm Size, Agriculture Type, Offering, Application)
Brazil
Rest of Latin America
Middle East & Africa (Connecting Technologies Used In Smart Agriculture, Farm Size, Agriculture Type, Offering, Application)