Global Smart Agriculture Market Size & Outlook, 2023-2030
Global smart agriculture market, 2018-2030 (US$M)
Related Markets
Global smart agriculture market highlights
- The global smart agriculture market generated a revenue of USD 22,647.5 million in 2023 and is expected to reach USD 54,711.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.4% by 2030.
- In terms of segment, precision farming accounted for a revenue of USD 10,496.8 million in 2023.
- Smart greenhouse is the most lucrative agriculture type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 22,647.5 million |
| Market revenue in 2030 | USD 54,711.6 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Precision farming |
| Fastest growing segment | Smart greenhouse |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Precision farming, Livestock monitoring, Smart greenhouse |
Other key industry trends
- In terms of revenue, the North America accounted for 44.1% of the global smart agriculture market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 11,022.2 million by 2030.
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Smart Agriculture Market Scope
Smart Agriculture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart agriculture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart agriculture market will help companies and investors design strategic landscapes.
Precision farming was the largest segment with a revenue share of 46.35% in 2023. Horizon Databook has segmented the Global smart agriculture market based on precision farming, livestock monitoring, smart greenhouse covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Agriculture Agriculture Type Outlook (Revenue, USD Million, 2018-2030)
- Precision farming
- Livestock monitoring
- Smart greenhouse
- Others
- Global Smart Agriculture Offering Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Automation & control system
- Drones
- Application control devices
- Guidance system
- GPS
- GIS
- Remote sensing
- Hand held
- Satellite sensing
- Driverless tractors
- Mobile devices
- VRT
- Map-based
- Sensor-based
- Wireless module
- Bluetooth technology
- Wi-Fi technology
- Zigbee
- RF technology
- Milking robots
- Sensing devices
- Soil sensors
- Nutrient sensor
- Moisture sensor
- Temperature sensor
- Water sensors
- Climate sensors
- Others
- Soil sensors
- HVAC system
- LED grow light
- RFID tags & readers
- Automation & control system
- Software
- Web-based
- Cloud based
- Services
- System integration & consulting
- Maintenance & support
- Managed services
- Data servcies
- Analytic services
- Farm operation services
- Assisted professional servcies
- Supply chain management services
- Climate information services
- Hardware
- Global Smart Agriculture Application Outlook (Revenue, USD Million, 2018-2030)
- Precision farming
- Yield monitoring
- On-Farm
- Off-Farm
- Field mapping
- Crop scouting
- Weather tracking & forecasting
- Irrigation management
- Inventory management
- Farm labor management
- Yield monitoring
- Livestock monitoring
- Milk harvesting
- breeding management
- Feeding management
- Animal comfort management
- Others
- Smart greenhouse
- Water & fertilizer management
- HVAC management
- Yield monitoring
- Others
- Others
- Precision farming
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Target buyers of Global smart agriculture market databook
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Our clientele includes a mix of smart agriculture market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart agriculture market , including forecasts for subscribers. This global databook contains high-level insights into Global smart agriculture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart agriculture market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart agriculture market size, 2023 (US$M)
Global smart agriculture market share, by agriculture type, 2023 & 2030 (%, US$M)
Smart agriculture market: Opportunity assessment by country
Global smart agriculture market, by region, 2023 (US$M)
| Agriculture Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,365.5 | 6,928.4 | 7,522.4 | 8,236.2 | 9,048.3 | 9,981.3 | 11,046.4 | 12,274.9 | 13,697.4 | 15,350.3 | 17,279.0 | 19,530.6 | 22,155.2 | 12.1% |
| Europe | 3,271.7 | 3,641.0 | 4,041.8 | 4,524.7 | 5,082.5 | 5,732.5 | 6,486.9 | 7,370.6 | 8,410.3 | 9,638.1 | 11,094.7 | 12,824.9 | 14,879.3 | 14.6% |
| Asia Pacific | 2,053.4 | 2,309.3 | 2,589.7 | 2,927.9 | 3,320.4 | 3,779.9 | 4,316.0 | 4,947.0 | 5,692.9 | 6,577.9 | 7,632.8 | 8,892.1 | 10,394.8 | 15.6% |
| Latin America | 1,385.0 | 1,522.2 | 1,668.9 | 1,845.5 | 2,048.0 | 2,282.2 | 2,552.0 | 2,865.6 | 3,231.7 | 3,660.7 | 4,165.8 | 4,760.8 | 5,461.3 | 13.3% |
| MEA | 576.1 | 622.9 | 671.6 | 730.1 | 796.2 | 871.6 | 957.1 | 1,055.0 | 1,167.5 | 1,297.1 | 1,447.2 | 1,620.7 | 1,821.1 | 11.1% |
| Overall | 13,651.7 | 15,023.7 | 16,494.5 | 18,264.3 | 20,295.3 | 22,647.5 | 25,358.5 | 28,513.1 | 32,199.8 | 36,524.2 | 41,619.4 | 47,629.2 | 54,711.6 | 13.4% |
Related regional statistics
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