Latin America Smart Agriculture Market Size & Outlook
Latin America smart agriculture market, 2018-2030 (US$M)
Related Markets
Latin America smart agriculture market highlights
- The Latin America smart agriculture market generated a revenue of USD 2,282.2 million in 2023.
- The market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, precision farming was the largest revenue generating agriculture type in 2023.
- Smart greenhouse is the most lucrative agriculture type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,282.2 million |
| Market revenue in 2030 | USD 5,461.3 million |
| Growth rate | 13.3% (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 |
| Key market players worldwide | AGCO Corp, AgEagle Aerial Systems Inc, Argus Worldwide Corp, CropX, Deere & Co, Alfa Laval AB, AgriFORCE Growing Systems Ltd, Gamma Communications PLC, GEA Group AG, Trimble Inc, Topcon Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.1% of the global smart 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 10,394.8 million by 2030.
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Smart Agriculture Market Scope
Smart Agriculture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 48.1% in 2023. Horizon Databook has segmented the Latin America smart agriculture market based on precision farming, livestock monitoring, smart greenhouse covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Smart Agriculture Agriculture Type Outlook (Revenue, USD Million, 2018-2030)
- Precision farming
- Livestock monitoring
- Smart greenhouse
- Others
- Latin America 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
- Latin America 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 Latin America 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart agriculture market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart agriculture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America smart agriculture market size, by country, 2018-2030 (US$M)
Latin America Smart Agriculture Market Outlook Share, 2023 & 2030 (US$M)
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