The global smart agriculture market reached a value of US$ 14.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 25.25 Billion by 2027 exhibiting a CAGR of 9.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Smart agriculture refers to an integrated management approach used for strengthening the agricultural sector. It leverages various advanced technologies, such as big data, the Internet of Things (IoT), and cloud-based solutions. Smart agriculture also includes optimization platforms, global positioning systems (GPS), sensors, satellites, telecommunication, and wide area networks that are deployed for data analytics, field mapping, irrigation supervision, weather tracking, soil scanning through sensors, and labor-management purposes. These tools, in turn, enable farmers to harvest, control inventory, and purchase essential components, thereby enhancing the overall crop yields.

Smart Agriculture Market Trends:
The widespread adoption of smart agriculture across various applications, such as livestock monitoring, smart greenhouse, aquaculture, and precision farming for ensuring minimal manual intervention is one of the key factors driving the smart agriculture market growth. In line with this, the integration of the Internet of Things (IoT), cloud-based, and artificial intelligence (AI) solutions, for implementing the constant monitoring of crops is acting as another growth-inducing factor. Additionally, the continual launch of various advanced devices, such as digital screens, smart sensors, modern biologicals, and robotic automations, is propelling the market growth. On account of the rising environmental concerns, governments of various nations are undertaking numerous initiatives to promote sustainable agriculture practices, which is contributing to the market growth further. This, in turn, helps in balancing the ecosystem, thereby ensuring optimal crop production and food security. Moreover, the widespread adoption of controlled environment agriculture (CEA) concept in greenhouses, along with the rising usage of light-emitting-diode (LED) grow lights in the CEA setup, is propelling the market growth. Other factors, including escalating demand for livestock technology for detecting early diseases and the extensive investments in the research and development (R&D) activities for introducing advanced agricultural techniques, are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart agriculture market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on agriculture type, offering and farm size.

Breakup by Agriculture Type:

Precision Farming
Livestock Monitoring
Smart Greenhouse
Others

Breakup by Offering:

Hardware
Software
Service

Breakup by Farm Size:

Small
Medium
Large

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AG Leader Technology, AGCO Corporation, AgJunction Inc. (Kubota Corporation), CLAAS KGaA mbH, CropMetrics LLC (CropX inc.), Deere & Company, DICKEY-john, Farmers Edge Inc., Gamaya, Granular Inc. (Corteva Inc.), Raven Industries Inc. (CNH Industrial N.V.) and Trimble Inc. Key Questions Answered in This Report:
How has the global smart agriculture market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart agriculture market?
What are the key regional markets?
What is the breakup of the market based on the agriculture type?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the farm size?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart agriculture market and who are the key players?
What is the degree of competition in the industry?