IoT Technology for Agriculture Market size was valued at USD 15.2 Billion in 2024 and is projected to reach USD 36.8 Billion by 2033, exhibiting a CAGR of 10.5% from 2026 to 2033.
In 2022, the global IoT in agriculture market was valued at $20.14 billion and is projected to reach $71.92 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.57% during the forecast period. North America held a significant share, with the U.S. market anticipated to grow at a CAGR of 12.67%. The Asia Pacific region emerged as the fastest growing market, registering a CAGR of 14.93%, driven by increasing adoption in countries like China, India, and Japan. Europe also demonstrated promising growth, with a market size valued at $3.65 billion in 2023 and projected to reach $13.07 billion by 2032, growing at a CAGR of 16.4%. The market presents numerous opportunities for growth and innovation. The increasing demand for sustainable farming practices, driven by a growing global population and diminishing natural resources, underscores the need for technologies that enhance efficiency and reduce environmental impact. IoT solutions enable precise monitoring and management of resources such as water, fertilizers, and energy, supporting sustainable agriculture. Additionally, advancements in sensor technologies and data analytics, including the integration of artificial intelligence and machine learning, are making IoT technology more accessible and enabling sophisticated data analysis and predictive capabilities. These developments open new avenues for innovation and application in the agricultural sector, providing opportunities to offer advanced solutions that deliver higher value to farmers.
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Libelium
Semtech
John Deere
Raven Industries
AGCO
Ag Leader Technology
DICKEY-john
Auroras
Farmers Edge
Iteris
Trimble
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. 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 Technology for Agriculture Market
Soil Moisture Sensors
Crop Health Monitoring
Variable Rate Technology (VRT)
Aerial Imaging
Yield Monitoring Systems
Wearable Sensors
Location Tracking Devices
Temperature and Activity Monitors
Feed Optimization Systems
Health Management Platforms
Automated Drip Irrigation
Weather-Based Irrigation Controllers
Soil Moisture Monitoring
Sensor-Based Irrigation Management
Cloud-Connected Irrigation Management Systems
Climate Control Systems
Automated Nutrient Delivery Systems
Light Monitoring and Control
Remote Monitoring Solutions
Energy Management Tools
Cold Chain Monitoring
Inventory Management Systems
Blockchain for Traceability
Logistics and Fleet Management
Consumer Behavior Analytics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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 Technology for Agriculture 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 Technology for Agriculture Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IoT Technology for Agriculture Market, By Type
6. Global IoT Technology for Agriculture Market, By Application
7. Global IoT Technology for Agriculture Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IoT Technology for Agriculture Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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