What Does the Historical and Current Connected Agriculture Market Size Trend Indicate?
The connected agriculture market has seen considerable growth due to a variety of factors.
• The market size of connected agriculture has seen a swift expansion in the past years, set to increase from $3.55 billion in 2024 to $4.11 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. Factors such as a growing global populace, the need for sustainable farming methods, governmental interventions and subsidies, inconsistent climate and weather patterns, the globalization of agricultural markets, and enhancements in connectivity infrastructure have contributed to the growth witnessed in the historic period.
What Is the Forecasted Market Size and Growth Rate for The Connected Agriculture Market?
The Connected Agriculture market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of connected agriculture is predicted to experience swift expansion in the upcoming years. It's anticipated to escalate to $7.64 billion by 2029, boasting a compound annual growth rate (CAGR) of 16.8%.
The forecasted growth can be ascribed to several factors such as the emphasis on soil health monitoring, initiatives to reduce the digital gap, concentration on yield optimization, and projects aimed at environmental conservation, like smart irrigation systems. The projection period also anticipates trends like the incorporation of IoT technologies, precision farming methods, employment of drones and UAVs, advanced irrigation systems, farm management software, the rise of agri-tech startups, and the application of telematics in equipment monitoring.
What Factors Are Driving Growth In The Connected Agriculture Market?
The connected agriculture market is projected to expand due to an increased demand for crops. Crops, within the context of agriculture, implies any plant or its yield, which can be extensively farmed and harvested for monetary profit or dietary consumption. Connected agriculture facilitates the augmentation of crop yield from existing land through meticulous tracking, assessment, regulation, and enhancement of essential farming operations throughout all stages of the agricultural cycle. For example, India has aimed for a total food grain production of 328 million tons for 2022–23, in contrast to 316 million tons in 2021–22. Hence, the growing demand for crops will fuel the development of the connected agriculture market.
What Are The Main Segments Of The Global Connected Agriculture Market?
The connected agriculture market covered in this report is segmented –
1) By Component: Solution, Platforms, Services
2) By Platform: Device Management, Application Enablement, Connectivity Management
3) By Application: Farm Planning And Management, Smart Logistics, Agriculture Finance, Smart Irrigation
Subsegments:
1) By Solution: Crop Management Solutions, Livestock Management Solutions, Soil Management Solutions
2) By Platforms: Cloud-Based Platforms, IoT Platforms, Data Analytics Platforms
3) By Services: Consulting Services, System Integration Services, Maintenance And Support Services
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What Emerging Trends Are Influencing The Growth Of The Connected Agriculture Market?
Companies leading the connected agriculture industry are committed to delivering advanced solutions, such as agricultural robots, ensuring quality services for their clients. These robots specifically engineered for agricultural purposes offer an array of services to farmers such as harvesting, weed control, cloud seeding, planting seeds, environmental monitoring, soil analysis, and farm animals management to enhance overall farm productivity. For instance, a Brazilian ag-tech enterprise, Solinftec, unveiled Solix in May 2022. Solix is a self-operating crop surveillance robot that works on a plant-to-plant basis to optimize efficiency and productivity. It is designed to provide real-time data from the fields, functioning as a connected agriculture platform. It operates on solar energy and utilizes lithium-ion batteries for its power storage. Additionally, Solix incorporates an inbuilt camera and sensors, allied with artificial intelligence (AI) to track plant wellbeing, identify pest destruction, and observe changes in the field.
Who Are the Key Players In The Connected Agriculture Market?
Major companies operating in the connected agriculture market include:
• Cisco Systems Inc.
• IBM Corporation
• SAP SE
• Trimble Navigation Ltd.
• Vodafone PLC
• Microsoft Corporation
• American Telephone and Telegraph Inc.
• Deere & Company
• Iteris Inc.
• Ag Leader Technology
• Decisive Farming Corp.
• SWIIM System Ltd.
• Oracle Corporation
• Fujitsu Limited
• Hexagon AB
• Raven Industries Inc.
• Topcon Corporation
• AgJunction Inc.
• Agribotix LLC
• CropX Inc.
• Granular Inc.
• PrecisionHawk Inc.
• The Climate Corporation
• TerrAvion Inc.
• Descartes Labs Inc.
• Farmers Edge Inc.
• Mavrx Inc.
• Sentera Inc.
• Absolute Agronomy LLC
• AgNext Technologies Private Limited
• DeHaat
• Cropin Technology Solutions
• RML AgTech Pvt. Ltd.
What Is The Most Dominant Region In The Connected Agriculture Market?
North America was the largest region in the connected agriculture market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
