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Global Agriculture 40 Share Analysis 2025, Forecast To 2034

26 Mar, 2025

What Is The Current and Historic Market Size Analysis Of The Agriculture 40 Market?

The agriculture 40 market has seen considerable growth due to a variety of factors.
• In recent times, the agriculture 4.0 market has witnessed a significant expansion. Anticipated to rise from $81.20 billion in 2024 to $93.20 billion in 2025, it's set to experience a compound annual growth rate (CAGR) of 14.8%.
This unprecedented growth in the previous years can be credited to an increase in IoT device usage, more deployment of autonomous vehicles, expansion of farm-to-table supply chains, upsurge in investment in agricultural biotechnology, and the rise in vertical farming.

What are the Market Size and Expected Growth Rates for the Agriculture 40 Template Market?

The agriculture 40 market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the agriculture 4.0 market to rapidly expand in the succeeding years. With an estimated size of $159.75 billion by 2029, it's projected to have a compound annual growth rate (CAGR) of 14.4%.
The predicted expansion within this period is largely due to the increasing interest in precision farming, demand for more sustainable farming methods, growing need for connectivity and 5G technology, the rising popularity of self-operating farming equipment, and the increased investments in farm management software. The forecasted trends for this period include technological advancements, utilization of drone technology, self-operating tractors, machine learning, and big data analytics.

Which Key Drivers Are Propelling The Agriculture 40 Market's Growth?

The anticipated increase in food demand is likely to fuel the expansion of the agriculture 4.0 market. The term "food demand" denotes the amount of food purchasers are prepared and able to buy at varying prices over a set period. This surge in food demand can be attributed to factors such as population increase, rising urbanization, enhanced income levels, shifting food preferences, and economic growth, all of which lead to higher food consumption. Agriculture 4.0 boosts food production by employing advanced technologies like artificial intelligence, the Internet of Things (IoT), robotics, and data analysis to refine farming methods, enhance crop surveillance and yield prediction, lower environmental damage, and facilitate more effective resource usage, ultimately leading to increased productivity and sustainability in the farming sector. For example, in October 2024, the United States Department of Agriculture, a U.S.-based governmental body, projected an increase in food demand from 800.2 million metric tons in 2024 to 1,050.9 million metric tons by 2034 in 83 lower- and middle-income nations. Thus, an anticipated increase in food demand is predicted to fuel the expansion of the agriculture 4.0 market.

What Are The Key Segments Within The Global Agriculture 40 Market?

The agriculture 4.0 market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Other Crop Types
3) By Farm Size: Small Farms, Medium-Sized Farms, Large Farms
4) By Technology: Internet Of Things And Connected Devices, Artificial Intelligence And Machine Learning, Robotics And Automation, Big Data Analytics, Blockchain, Drones And Unmanned Aerial Vehicles, Cloud Computing
5) By Application: Farming, Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse, Other Applications Subsegments:
1) By Hardware: Sensors, Drones, GPS Systems, Automated Tractors, Irrigation Systems
2) By Software: Farm Management Software, Precision Farming Software, Crop Monitoring Software, Analytics and Data Processing Software
3) By Services: Consulting Services, Data Analytics Services, IoT Connectivity Services, Remote Sensing Services

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How Are New Trends Impacting The Size Of The Agriculture 40 Market?

Major companies operating in the agriculture 4.0 market are focused on developing innovative technologies, such as smart spray technology, to improve operational efficiency. One smart spray technology is an AI-driven system that enables targeted herbicide application, spraying only where weeds are present to enhance efficiency and minimize environmental impact. For instance, in April 2024, Stara, a Brazil-based agricultural machinery company, launched Bruttus 18000, Hércules 10000 and 24000 Inox, Hércules 24000 C, and Eco Spray. The Bruttus 18000 is an advanced gravity-fed spreader designed for efficiency and agility, with a capacity of up to 18,000 kg, making it ideal for various crops, especially sugarcane. The Hércules 10000 and 24000 Inox are high-precision spreaders that ensure uniform application of fertilizers and seeds, optimizing resource use. The Hércules 24000 C is built for large-scale operations, offering exceptional spreading precision. The Eco Spray leverages AI technology for spot spraying, applying herbicides only where weeds are present, reducing chemical use. Together, these products highlight Stara's dedication to advancing precision agriculture and smart farming solutions.

Who Are the Key Players In The Agriculture 40 Market?

Major companies operating in the agriculture 4.0 market are:
• BASF SE
• International Business Machines Corporation
• Kubota Corporation
• Mahindra & Mahindra Limited
• AGCO Corporation
• Deere & Company
• Syngenta Group Co. Ltd.
• SZ DJI Technology Co. Ltd. (DJI Agriculture)
• Trimble Inc.
• Raven Industries Inc.
• Blue River Technology Inc.
• Sentera Inc.
• DICKEY-john Corporation
• Grégoire SA
• Ecorobotix SA
• Iron Ox Inc.
• Robotics Plus Ltd
• CNH Industrial NV
• Stara SA Indústria de Implementos Agrícolas
• Ekobot AB
• Indigo Agriculture Inc.
• Naïo Technologies SAS
• Jacto SA

What Are The Regional Insights Into The Agriculture 40 Market?

North America was the largest region in the agriculture 4.0 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture 4.0 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.