Internet Of Things (IoT) In Precision Agriculture Market Report 2026
Global Outlook – By Component (Hardware, Software, Services), By System (Sensing System, Cloud Computing, Other Systems), By Application (Weather Tracking And Forecasting, Yield Monitoring And Farm Mapping, Crop Scouting, Irrigation Management, Other Applications) – Market Size, Trends, Strategies, and Forecast to 2030
Internet Of Things (IoT) In Precision Agriculture Market Overview
• Internet Of Things (IoT) In Precision Agriculture market size has reached to $8.41 billion in 2025 • Expected to grow to $20.17 billion in 2030 at a compound annual growth rate (CAGR) of 19.1% • Growth Driver: Rising Global Food Demand Fueling The Growth Of The Market Due To Increasing Pressure On Agricultural Productivity • Market Trend: AI-Integrated Solutions Driving Growth In The Market Through Enhanced Resource Efficiency And Sustainability • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.What Is Covered Under Internet Of Things (IoT) In Precision Agriculture Market?
The Internet of Things (IoT) in precision agriculture refers to using interconnected devices, sensors, and technologies to collect, transmit, and analyze data related to farming activities. They enable farmers to monitor and manage agricultural operations in real-time with high precision, leading to optimized resource use, increased crop yields, reduced environmental impact, and improved decision-making. The main components of internet of things (IoT) in precision agriculture are hardware, software, and services. Hardware includes physical internet of things (IoT) devices such as sensors, drones, actuators, and weather stations used on farms. These devices are critical for data acquisition and control. They are integrated into various systems, including sensing systems, cloud computing, and others, and applications such as weather tracking and forecasting, yield monitoring and farm mapping, crop scouting, irrigation management, and others.
What Is The Internet Of Things (IoT) In Precision Agriculture Market Size and Share 2026?
The internet of things (iot) in precision agriculture market size has grown rapidly in recent years. It will grow from $8.41 billion in 2025 to $10.04 billion in 2026 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to growth in smart farming adoption, rising demand for water conservation, expansion of agricultural sensor usage, government support for agri-tech, increase in farm automation.What Is The Internet Of Things (IoT) In Precision Agriculture Market Growth Forecast?
The internet of things (iot) in precision agriculture market size is expected to see rapid growth in the next few years. It will grow to $20.17 billion in 2030 at a compound annual growth rate (CAGR) of 19.1%. The growth in the forecast period can be attributed to integration of AI-powered crop analytics, adoption of autonomous agricultural machinery, expansion of climate-smart agriculture practices, growth in cloud-based farm platforms, rising demand for yield optimization. Major trends in the forecast period include smart irrigation systems, real-time crop monitoring, precision farming analytics, automated farm equipment integration, remote field management.
Global Internet Of Things (IoT) In Precision Agriculture Market Segmentation
1) By Component: Hardware, Software, Services 2) By System: Sensing System, Cloud Computing, Other Systems 3) By Application: Weather Tracking And Forecasting, Yield Monitoring And Farm Mapping, Crop Scouting, Irrigation Management, Other Applications Subsegments: 1) By Hardware: Sensors, Drones, Global Positioning System (GPS) Devices, Smart Irrigation Systems, Control Systems, Cameras, Automation And Control Systems 2) By Software: Farm Management Software, Data Analytics Software, Remote Monitoring Software, Predictive Modeling Software, Cloud-Based Software, Mapping Software 3) By Services: System Integration Services, Managed Services, Professional Services, Consulting Services, Support And Maintenance Services, Connectivity ServicesWhat Is The Driver Of The Internet Of Things (IoT) In Precision Agriculture Market?
The rising global food demand is expected to propel the growth of the internet of things (IoT) in precision agriculture market going forward. The global food demand is rising due to population growth, urbanization, and changing diets. Higher incomes also lead to increasing consumption of resource-intensive foods. IoT in precision agriculture boosts food production by using smart sensors to monitor crops and resources efficiently, which leads to higher yields, less waste, and more sustainable farming to help meet global food demand. For instance, in April 2024, according to the Global Report on Food Crises 2024 by the World Food Programme, an Italy-based humanitarian organization, in 2023, nearly 282 million people across 59 countries faced high levels of acute food insecurity, highlighting the urgent need for efficient and sustainable agricultural practices. Therefore, the rising global food demand is driving the growth of the internet of things (IoT) in precision agriculture industry.Key Players In The Global Internet Of Things (IoT) In Precision Agriculture Market
Major companies operating in the internet of things (iot) in precision agriculture market are Hitachi Ltd., International Business Machines Corporation (IBM), Deere & Company, Cisco Systems Inc., Case New Holland Industrial (CNHi) N.V., AGCO Corporation, Mouser Electronics Inc., Trimble Inc., Topcon Corporation, Climate LLC, Sentera Inc., CropX Inc., AeroFarms Inc., Actility SA, Monnit Corporation, AgJunction Inc., Ag Leader Technology, AGRIVI Ltd., Heliospectra AB, Pycno Industries Inc., Davra Networks Limited, Farmonaut Technologies Pvt. Ltd.
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Global Internet Of Things (IoT) In Precision Agriculture Market Trends and Insights
Major companies operating in the internet of things (IoT) in precision agriculture market are focusing on developing innovative products such as, artificial intelligence (AI) integrated farm management platforms to improve real-time decision-making and resource optimization. AI-powered smart farm applications help farmers monitor crop health, soil conditions, and environmental factors, leading to more efficient and sustainable farming practices. For instance, in March 2025, ARB IOT Group Limited, a Singapore-based Internet of Things (IoT) solutions provider, launched an AI-powered smart agriculture drone designed to enhance precision in farming practices. This new drone integrates artificial intelligence with IoT capabilities to monitor crop health, assess soil conditions, and optimize pesticide and fertilizer usage, promoting resource efficiency and sustainable farming. It aims to support farmers in improving yield outcomes while reducing operational costs and environmental impact.What Are Latest Mergers And Acquisitions In The Internet Of Things (IoT) In Precision Agriculture Market?
In July 2023, Deere & Company, a US-based agricultural machinery manufacturer, acquired Smart Apply for an undisclosed amount. This acquisition aims to strengthen John Deere's precision agriculture capabilities by supporting sustainable farming practices through targeted spraying solutions, aligning with the company's strategy to reduce chemical usage and enhance operational efficiency in specialty crop applications. Smart Apply is a US-based agri-tech startup that provides data-driven precision spraying technology for orchards, vineyards, and tree nurseries.
Regional Insights
North America was the largest region in the internet of things (IoT) in precision agriculture market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.Need data for a specific geography? Request Regional Data
What Defines the Internet Of Things (IoT) In Precision Agriculture Market?
The internet of things (IoT) in precision agriculture market includes revenues earned by entities by provide soil monitoring, smart irrigation systems, and crop health monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The internet of things (IoT) in precision agriculture market also includes sales of soil sensors, drones, smart irrigation systems, and data management platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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What Key Data and Analysis Are Included in the Internet Of Things (IoT) In Precision Agriculture Market Report 2026?
The internet of things (iot) in precision agriculture market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (iot) in precision agriculture industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.Internet Of Things (IoT) In Precision Agriculture Market Report Forecast Analysis
| Report Attribute | Details |
|---|---|
| Market Size Value In 2026 | $10.04 billion |
| Revenue Forecast In 2030 | $20.17 billion |
| Growth Rate | CAGR of 19.1% from 2026 to 2030 |
| Base Year For Estimation | 2025 |
| Actual Estimates/Historical Data | 2020-2025 |
| Forecast Period | 2026 - 2030 |
| Market Representation | Revenue in USD Billion and CAGR from 2026 to 2030 |
| Segments Covered | Component, System, Application |
| Regional Scope | Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa |
| Country Scope | The Countries Covered In This Market Report Are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, Uk, Usa, Canada, Italy, Spain. |
| Key Companies Profiled | Hitachi Ltd., International Business Machines Corporation (IBM), Deere & Company, Cisco Systems Inc., Case New Holland Industrial (CNHi) N.V., AGCO Corporation, Mouser Electronics Inc., Trimble Inc., Topcon Corporation, Climate LLC, Sentera Inc., CropX Inc., AeroFarms Inc., Actility SA, Monnit Corporation, AgJunction Inc., Ag Leader Technology, AGRIVI Ltd., Heliospectra AB, Pycno Industries Inc., Davra Networks Limited, Farmonaut Technologies Pvt. Ltd. |
| Customization Scope | Request for Customization |
| Pricing And Purchase Options | Explore Purchase Options |