Global IoT Precision Agriculture Sensors Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 22.3% from 2024 to 2030.
The Internet of Things (IoT) has revolutionized various industries, and agriculture is no exception. The IoT Precision Agriculture Sensors Market is experiencing significant growth, driven by the increasing adoption of smart farming technologies aimed at enhancing crop yields and optimizing resource utilization.
As of 2023, the global IoT Precision Agriculture Sensors Market was valued at approximately USD 5.23 billion. Projections indicate a substantial rise, with expectations to reach USD 13.61 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.20% during this period. This growth is attributed to the escalating demand for precision farming solutions that enable farmers to monitor and manage their operations more effectively.
North America holds a prominent position in this market, with the IoT Precision Agriculture Sensors market size estimated at USD 1.64 billion in 2023. The region is anticipated to maintain a CAGR of 9.60% from 2025 through 2032, underscoring the robust adoption of IoT technologies in agriculture. The United States, in particular, is projected to experience significant growth, with the market valued at approximately USD 4.39 billion in 2024 and expected to expand at a CAGR of 12.3% in the coming years.
Europe is also witnessing notable growth in the agriculture IoT sector. The market in this region is expected to grow at a CAGR of over 8% from 2025 to 2030, primarily driven by the increasing adoption of precision agriculture technologies. These technologies enable farmers to optimize resource usage and enhance productivity through real-time data analytics.
Asia Pacific is emerging as a significant player in the agriculture IoT market. The region's governments are embracing precision farming, leading to increased industrial sales of agriculture IoT systems. This trend is expected to continue, with the Asia Pacific industrial sales of agriculture IoT systems predicted to expand as the region's governments embrace precision farming.
The market is segmented into hardware, software, and services. In 2024, the hardware segment dominated the IoT Precision Agriculture Sensors market, holding more than 48.5% of the market share. The large segment also held a dominant position in 2024, capturing more than 60.2% of the market share. The pre-production planning segment accounted for more than 44.7% of the market share in 2024, solidifying its dominance. In 2024, the precision farming segment captured more than 29.8% of the market share in the IoT Precision Agriculture Sensors market.
In summary, the IoT Precision Agriculture Sensors Market is poised for substantial growth, driven by technological advancements and the increasing adoption of precision farming practices worldwide. Farmers are increasingly leveraging IoT technologies to enhance operational efficiency, reduce resource wastage, and improve overall yields, thereby contributing to the market's expansion.
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Texas Instruments
CropX
Auroras
Vishay
Mouser
Honeywell
Caipos GmbH
Bosch
CropIn Technology Solutions
Avidor High Tech
Sensaphone
Dol-Sensors
Glana Sensors
Libelium Comunicaciones Distribuidas
Monnit Corporation
Pycno agriculture
Sensoterra
Sentera
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IoT Precision Agriculture Sensors Market
Soil Management
Climate Management
Water Management
Smart Green House
Others
Based on Types the Market is categorized into Below types that held the largest IoT Precision Agriculture Sensors market share In 2023.
Location Sensors
Humidity Sensors
Electrochemical Sensors
Mechanical Sensors
Airflow Sensors
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IoT Precision Agriculture Sensors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IoT Precision Agriculture Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IoT Precision Agriculture Sensors Market, By Type
6. Global IoT Precision Agriculture Sensors Market, By Application
7. Global IoT Precision Agriculture Sensors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global IoT Precision Agriculture Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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