Europe Connected Agriculture Market Size & Outlook
The connected agriculture market in Europe is expected to reach a projected revenue of US$ 3,777.9 million by 2030. A compound annual growth rate of 16.5% is expected of Europe connected agriculture market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,297.7
Forecast, 2030 (US$M)
$3,777.9
CAGR, 2024 - 2030
16.5%
Report Coverage
Europe
Europe connected agriculture market, 2018-2030 (US$M)
Europe connected agriculture market highlights
- The Europe connected agriculture market generated a revenue of USD 1,297.7 million in 2023.
- The market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,297.7 million |
| Market revenue in 2030 | USD 3,777.9 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | Deere & Co, Trimble Inc, AGCO Corp, Basf SE, Bayer AG, Hexagon AB ADR, Topcon Corp, Sentera, Farmers Edge, CLAAS |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.2% of the global connected agriculture market in 2023.
- Globally, North America 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 3,744.9 million by 2030.
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Connected Agriculture Market Scope
Connected agriculture market segmentation & scope
Deployment
Cloud
On-premises
Application
Livestock Monitoring
Precision Farming
Supply Chain Management
Others
Connected Agriculture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe connected agriculture market
Related regional statistics
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