Latin America Agriculture 4.0 Market Size & Outlook
The agriculture 4.0 market in Latin America is expected to reach a projected revenue of US$ 9,920.0 million by 2030. A compound annual growth rate of 9.5% is expected of Latin America agriculture 4.0 market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,248.6
Forecast, 2030 (US$M)
$9,920.0
CAGR, 2024 - 2030
9.5%
Report Coverage
Latin America
Latin America agriculture 4.0 market highlights
- The Latin America agriculture 4.0 market generated a revenue of USD 5,248.6 million in 2023.
- The market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 5,248.6 million |
| Market revenue in 2030 | USD 9,920.0 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.5% of the global agriculture 4.0 market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 48,228.1 million by 2030.
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Agriculture 4.0 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Saga Robotics | View profile | 11-50 | Ås, Akershus, Norway, Europe | https://sagarobotics.com/ |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Corteva Inc | View profile | 22500 | 974 Centre Road, Wilmington, DE, United States, 19805 | https://www.corteva.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| Syngenta | View profile | 10001+ | Greensboro, North Carolina, United States, North America | https://www.syngenta-us.com |
| CropX | View profile | 101-250 | Netanya, HaMerkaz, Israel, Asia | https://cropx.com/ |
| Yara International ASA | View profile | 18000 | Drammensveien 131, Oslo, Norway, 0277 | https://www.yara.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
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