Internet of Things (IoT) Agriculture Market was valued at USD 13.73 Billion in 2023, and it is expected to reach USD 25.58 Billion by 2030, exhibiting a CAGR of 9.29 % during the forecast period (2024-2030)
Internet of Things (IoT) Agriculture Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Internet of Things (IoT) Agriculture Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Internet of Things (IoT) Agriculture Market.
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Internet of Things (IoT) Agriculture Market Scope and Methodology:
The Internet of Things (IoT) Agriculture Market requires a mix of both qualitative and quantitative research methods. Internet of Things (IoT) Agriculture Market information is gathered through different research methods including expert advice, primary and secondary research, both qualitative and quantitative. Primary research gathers important data from interviews, surveys, questionnaires, and input from industry experts, customers and other sources either in person or over the phone.
The report provides in-depth analysis on different strategies used by leading companies, such as partnerships, mergers, acquisitions, and collaborations. The report conducted a SWOT analysis to evaluate the company's market position through identifying its strengths, weaknesses, opportunities, and threats. Analytical techniques, such as examining investment returns, conducting a feasibility study, and using Porter's five forces analysis, were employed to assess the Internet of Things (IoT) Agriculture market. The bottom-up approach was used to determine the global and regional Internet of Things (IoT) Agriculture market sizes.
Internet of Things (IoT) Agriculture Market Regional Insights:
The Internet of Things (IoT) Agriculture Market report is segmented into various key countries. Countries such as North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries), South America (Brazil), and the Middle East and Africa.
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Internet of Things (IoT) Agriculture Market Segmentation:
by System
Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software
by Application
Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring
precision farming segment is estimated to account for over 35% of the total market share in 2023. The rise in the market share of precision farming is being promoted by the IoT integration in the precision imaging for the monitoring of soil, water, and weather, along with the real-time data collection about the health of the equipment and farm's condition with the aid of drones' sensors, controllers, etc
byFarm Type
Large
Mid-Sized
Small Farms
Internet of Things (IoT) Agriculture Market Key Players:
1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
17.DICKEY-john Corporation
18.Hitachi, Ltd
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Key questions answered in the Internet of Things (IoT) Agriculture Market are:
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