Internet of Things (IoT) Agriculture Market Report Overview
The report provides an analysis of both the current and future conditions in the Internet of Things (IoT) Agriculture market, delivering valuable insights and the latest information across essential segments. Within the context of the Internet of Things (IoT) Agriculture market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Internet of Things (IoT) Agriculture market, including the projected Internet of Things (IoT) Agriculture sales during the forecast period.
Internet of Things (IoT) Agriculture Market was valued at USD 13.73 Billion in 2023, and it is expected to reach USD 25.58 Billion by 2030, exhibiting a CAGR of 9.29 % during the forecast period (2024-2030)
Internet of Things (IoT) Agriculture Market Report Scope and Research Methodology
The primary goal of the Internet of Things (IoT) Agriculture market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Internet of Things (IoT) Agriculture market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Internet of Things (IoT) Agriculture market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Internet of Things (IoT) Agriculture market entrants. Moreover, the global report for the Internet of Things (IoT) Agriculture market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
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Internet of Things (IoT) Agriculture Market Regional Insights
North America dominated the Internet of Things (IoT) Agriculture Market with a market share of 42.12% in 2023
In 2021, North America commanded the largest share of the IoT agriculture market, followed by APAC, Europe, South America, and the Middle East Africa. During the forecast period, increasing government activities and regulations to improve the region's agriculture sector are anticipated to fuel regional demand in North America.
The North America Climate Smart Agriculture Alliance (NACSAA), a platform for educating and equipping cultivators for sustainable agricultural productivity, was created by a number of agricultural groups. Governments in North America are actively offering subsidies to improve the applications of smart irrigation in response to the growing concern over water conservation. For instance, the Californian government has offered a discount on smart controllers.
Internet of Things (IoT) Agriculture Market Segmentation
by System
Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software
by Application
Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring
precision farming segment is estimated to account for over 35% of the total market share in 2023. The rise in the market share of precision farming is being promoted by the IoT integration in the precision imaging for the monitoring of soil, water, and weather, along with the real-time data collection about the health of the equipment and farm's condition with the aid of drones' sensors, controllers, etc. Precision farming aims to assess data produced by sensors and respond appropriately. With the use of sensors, precision farming enables farmers to collect data, analyse it, and make quick, informed decisions. Numerous precision agricultural methods, including livestock management, vehicle monitoring, and irrigation management, all contribute significantly to raising productivity and effectiveness.
byFarm Type
Large
Mid-Sized
Small Farms
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Internet of Things (IoT) Agriculture Market Key Players
1. Deere Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
17.DICKEY-john Corporation
18.Hitachi, Ltd
19.Telit
20.Decisive Farming
21.OnFarm Systems Inc.
22.Farmers Edge Inc.
23.SlantRange, Inc.
24.SmartCultiva Corporation
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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