Data Bridge Market Research analyses that the internet of things (IoT) in agriculture market was valued at USD 13.76 billion in 2022 and is expected to reach USD 29.71 billion by 2030, registering a CAGR of 10.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Internet of things (IoT) in agriculture uses robots, remote sensors, drones and computer imaging combined with continuously progressing analytical tools and machine learning for surveying, monitoring crops and mapping the fields. This will provide information or data to farmers for rational farm management plans to save both money and time.
Food companies all over the globe are also adopting modern technologies and devices such as internet of things (IoT) to systematically store oilseeds and grains so that they can be utilized all year. Therefore, incorporating internet of things (IoT) devices for numerous purposes in agriculture, is expected to drive the growth of the market growth. Furthermore, government organizations have transformed policies, inaugurated awareness programs and tie-ups with the private industry to expedite smart farming in their corresponding area.
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Scope of the IoT in Agriculture Market Report:
The internet of things (IoT) in agriculture market is segmented on the basis of component, application, type and farm production planning stage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Irrigation Controllers
- Flow and Application Control Devices
- Variable Rate Controllers
- Soil Sensors
- Water Sensors
- Climate Sensors
- Sensors for Livestock
- Automation and Control Systems
- Sensing and Monitoring Devices
- Guidance and Navigation
- Drones
- Handheld Computers
- Displays
- Smart Harvesters & Forwarders
- RFID Tags and Readers
- LED Grow Lights
- Software
- On-premise
- Cloud-based
- Connectivity and Services
Application
- Livestock Monitoring
- Precision Crop Farming
- Indoor Farming
- Aquaculture
- Integrated Pest Management
- Water Supply Management
- Others
Type
- Small Farms
- Mid-Sized
- Large
Farm Production Planning Stage
- Pre-Production Planning
- Production Planning
- Post-Production Planning
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Some of the major players operating in the internet of things (IoT) in agriculture market are:
- Grownetics, Inc. (U.S.)
- Auroras s.r.l. (Italy)
- Granular, Inc. (San Francisco)
- TOPCON CORPORATION (Japan)
- The Climate Corporation (U.S.)
- Farmers Edge Inc (Canada)
- DICKEY-john. (U.S.)
- Conservis (U.S.)
- Ag Leader Technology. (U.S.)
- Raven Industries, Inc. (U.S.)
- Iteris, Inc. (U.S.)
- Reed Business Information Ltd (U.S.)
- AgJunction (Canada)
- Trimble Inc. (U.S.)
- Deere & Company. (U.S.)
- Mothive (U.S.)
- CropX inc. (U.S.)
- Ceres Imaging, Inc (U.S.)
- GAMAYA (Switzerland)
- AgriData Incorporated. (U.S.)
- AgEagle Aerial Systems Inc. (U.S.)
- Aker Solutions (Norway)
IoT in Agriculture Market Regional Analysis/Insights
The IoT in Agriculture market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the IoT in Agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement IoT in Agriculture within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement IoT in Agriculture market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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