Latin America Connected Agriculture Market Size & Outlook
The connected agriculture market in Latin America is expected to reach a projected revenue of US$ 1,119.6 million by 2030. A compound annual growth rate of 17% is expected of Latin America connected agriculture market from 2024 to 2030.
Revenue, 2023 (US$M)
$374.0
Forecast, 2030 (US$M)
$1,119.6
CAGR, 2024 - 2030
17%
Report Coverage
Latin America
Latin America connected agriculture market, 2018-2030 (US$M)
Latin America connected agriculture market highlights
- The Latin America connected agriculture market generated a revenue of USD 374.0 million in 2023.
- The market is expected to grow at a CAGR of 17% 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.
Latin America data book summary
| Market revenue in 2023 | USD 374.0 million |
| Market revenue in 2030 | USD 1,119.6 million |
| Growth rate | 17% (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, Latin America region accounted for 7.6% 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 |
|---|
Latin America connected agriculture market
Related regional statistics
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