Global Agriculture IoT Market

Global Agriculture IoT Market Size, Trends & Analysis- Forecasts to 2026 By Component (Hardware [Automation and Control System, Sensing and Monitoring Devices, Guidance and Navigation, Drones, Handheld Computers, Displays, Harvesters & Forwarders, RFID Tags & Readers, LED Glow Lights], Software [On-Premise, Cloud-Based], Services [Professional, Managed]), By Application (Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse, and Others), By Region (North America, Europe, Asia Pacific, and Rest of the World); Vendor Landscape, End-User Landscape, and Company Market Share Analysis & Competitor Analysis.

Category Food & Beverages

Format

This report was recently updated on April 12 2024 with the latest and most recent market numbers

Agriculture IoT Market Insights

The global agriculture IoT market is estimated to grow at a high CARG during the forecast period [2020-2026]. Growing demand for agriculture products, technological advancements, and increasing adoption of IoT devices by farmers are the major factors driving the market growth. Agriculture IoT system uses sensors, computers, and robots for monitoring crops, automating irrigation systems, and providing data to the farmers for a management plan. It helps farmers to make an operational decision, saves time, and reduces efforts. Additionally, increasing awareness about the latest technology in the agriculture sector among farmers owing to the rise in internet penetration and smartphone users is also expected to boost the agriculture IoT market. However, the lack of skilled employees for implementing IoT in agriculture, high technological cost, and risk related to data security are likely to hamper the market growth during the forecast period.

Agriculture IoT Market: By Component

On the basis of component, the global agriculture IoT market is segmented into hardware, software, and services. The service component is projected to grow at a high CAGR during the forecast period. Systems fuse with service providers are involved in damage assessment and determining farm management solutions, which also comprise in development of new concepts related to the hardware and software equipment. Service providers include those companies which provide data services, operation services, and farm data analytics to software companies or directly to farmers. Hardware segment is also expected to hold a large market share during the forecast period.

Agriculture IoT Market: By Application

On the basis of application, the global agriculture IoT market is classified into precision farming, precision forestry, livestock monitoring, fish farm monitoring, and smart greenhouses among others. Precision farming is expected to dominate the overall agriculture IoT market during the forecast period. Increasing focus on improving farm productivity and efficiency is driving the market growth. Precision farming is a technique that involves observing, measuring, and responding to inter and intra-field variability in crops while nurturing animals on the field as well. It provides several benefits to farmers such as cost reduction, increase yield, better working conditions, and profitability in production. Furthermore, precision agriculture technologies include automatic machine setting, steering systems, and yield mapping among others.

Agriculture IoT Market: By Region

Asia Pacific region is expected to hold the largest market share in the global agriculture IoT market during the forecast period. Increasing demand for food owing to the rise in population, and government initiatives to use remote sensing technology to collect data and detect agriculture conditions is expected to drive the growth of the market. Europe is also projected to witness considerable growth due to technological innovation and the increasing adoption of smart agriculture technologies such as GNSS technology, yield monitoring, and other livestock monitoring technologies.

Agriculture IoT Market Share & Competitor Analysis

Some of the key players operating in the global agriculture IoT market include: The Climate Corporation (U.S.), Ponsse (Finland), Delaval (Sweden), Raven Industries (U.S.), and Deere & Company (U.S.) among others.

Please note: This is not an exhaustive list of companies profiled in the report.

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Agriculture IoT Market: By Offering

Introduction Related Report: Global AI in Agriculture Market Size, Trends & Analysis - Forecasts To 2026
1. Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
Hardware
1. Hardware: Agriculture IoT Market, 2018-2026 (USD Million)
Software
1. Software: Agriculture IoT Market, 2018-2026 (USD Million)
Services
1. Services: Agriculture IoT Market, 2018-2026 (USD Million)

Agriculture IoT Market: By Application

Introduction
1. Agriculture IoT Market, By Application, 2018-2026 (USD Million)
Precision Farming Applications
1. Precision Farming Applications: Agriculture IoT Market, 2018-2026 (USD Million)
Precision Forestry
1. Precision Forestry: Agriculture IoT Market, 2018-2026 (USD Million)
Livestock Monitoring
1. Livestock Monitoring: Agriculture IoT Market, 2018-2026 (USD Million)
Fish Farm Monitoring
1. Fish Farm Monitoring: Agriculture IoT Market, 2018-2026 (USD Million)
Smart Greenhouse
1. Smart Greenhouse: Agriculture IoT Market, 2018-2026 (USD Million)
Others
1. Others: Agriculture IoT Market, 2018-2026 (USD Million)

Agriculture IoT Market: By Agriculture Type

Introduction
1. Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
Precision Farming
1. Precision Farming: Agriculture IoT Market, 2018-2026 (USD Million)
Livestock Monitoring
1. Livestock Monitoring: Agriculture IoT Market, 2018-2026 (USD Million)
Fish Farm Monitoring
1. fish farm monitoring: Agriculture IoT Market, 2018-2026 (USD Million)
Smart Greenhouse
1. smart greenhouse: Agriculture IoT Market, 2018-2026 (USD Million)
Precision Forestry
1. precision forestry: Agriculture IoT Market, 2018-2026 (USD Million)
Others
1. Others: Agriculture IoT Market, 2018-2026 (USD Million)

Agriculture IoT Market: By Region

Introduction
1. Global Agriculture IoT Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Agriculture IoT Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Offering
    1. North America Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
  2. By Agriculture Type
    1. North America Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
  3. By Application
    1. North America Agriculture IoT Market, By Application, 2018-2026 (USD Million)
  4. By Country
    1. U.S.
      1. By Offering
        
        U.S Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        U.S Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        U.S Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    2. Canada.
      1. By Offering
        
        Canada Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Canada Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Canada Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    3. Mexico
      1. By Offering
        
        Mexico Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Mexico Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Mexico Agriculture IoT Market, By Application, 2018-2026 (USD Million)
Europe
1. Europe Agriculture IoT Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Offering
    1. Europe Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
  2. By Agriculture Type
    1. Europe Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
  3. By Application
    1. Europe Agriculture IoT Market, By Application, 2018-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Offering
        
        Germany Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Germany Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Germany Agriculture IoT Market, By Vertical, 2018-2026 (USD Million)
    2. UK
      1. By Offering
        
        UK Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        UK Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        UK Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    3. France
      1. By Offering
        
        France Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        France Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        France Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    4. Italy
      1. By Offering
        
        Italy Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Italy Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Italy Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    5. Spain
      1. By Offering
        
        Spain Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Spain Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Spain Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    6. Rest Of Europe
      1. By Offering
        
        Rest Of Europe Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Rest Of Europe Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Rest Of Europe Agriculture IoT Market, By Application, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Agriculture IoT Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Offering
    1. Asia Pacific Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
  2. By Agriculture Type
    1. Asia Pacific Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
  3. By Application
    1. Asia Pacific Agriculture IoT Market, By Application, 2018-2026 (USD Million)
  4. By Country
    1. China
      1. By Offering
        
        China Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        China Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        China Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    2. Japan
      1. By Offering
        
        Japan Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Japan Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Japan Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    3. India
      1. By Offering
        
        India Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        India Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        India Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    4. South Korea
      1. By Offering
        
        South Korea Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        South Korea Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        South Korea Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    5. Rest Of APAC
      1. By Offering
        
        Rest Of APAC Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Rest Of APAC Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Rest Of APAC Agriculture IoT Market, By Application, 2018-2026 (USD Million)
Central & South America
1. Central & South America Agriculture IoT Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Offering
    1. Central & South America Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
  2. By Agriculture Type
    1. Central & South America Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
  3. By Application
    1. Central & South America Agriculture IoT Market, By Application, 2018-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Offering
        
        Brazil Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Brazil Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Brazil Agriculture IoT Market, By Application, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Agriculture IoT Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Offering
    1. Middle East & Africa Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
  2. By Agriculture Type
    1. Middle East & Africa Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
  3. By Application
    1. Middle East & Africa Agriculture IoT Market, By Application, 2018-2026 (USD Million)
  4. By Country
    1. Saudi Arabia
      1. By Offering
        
        Saudi Arabia Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        Saudi Arabia Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        Saudi Arabia Agriculture IoT Market, By Application, 2018-2026 (USD Million)
    2. UAE
      1. By Offering
        
        UAE Agriculture IoT Market, By Offering, 2018-2026 (USD Million)
      2. By Agriculture Type
        
        UAE Agriculture IoT Market, By Agriculture Type, 2018-2026 (USD Million)
      3. By Application
        
        UAE Agriculture IoT Market, By Application, 2018-2026 (USD Million)

The global Agriculture IoT Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Agriculture IoT Market.

Agriculture IoT Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Agriculture IoT Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Agriculture IoT Market