Internet Of Things (IoT) Agriculture Market: Trends And Growth Forecast 2025-2030

Published: 2025-02-21
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Author: gaurimmr
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Global Internet of Things (IoT) in Agriculture Market Size  Projected to Reach USD 25.58 Billion by 2030
Comprehensive Analysis Highlights Market Definition, Growth Drivers, Segmentation, Regional Insights, Competitive Landscape, and Future Outlook
The global Internet of Things (IoT) in agriculture market is poised for substantial growth, with projections indicating an increase from USD 13.73 billion in 2023 to approximately USD 25.58 billion by 2030. This represents a Compound Annual Growth Rate (CAGR) of 9.29% during the forecast period from 2024 to 2030.
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Market Definition and Scope
The Internet of Things (IoT) in agriculture refers to the integration of advanced technologies—such as drones, robots, sensors, and computer imaging—with analytical tools to monitor and manage agricultural processes. These IoT-enabled devices collect and transmit data related to various farming activities, enabling farmers to gain actionable insights, optimize resource utilization, and enhance overall productivity. The adoption of IoT in agriculture encompasses applications like precision farming, livestock monitoring, smart greenhouses, and fish farm monitoring.
Market Growth Drivers and Opportunities
Several key factors are driving the growth of IoT in the agriculture sector:
1.    Rising Global Food Demand: The increasing global population necessitates a corresponding rise in food production. IoT technologies facilitate efficient farming practices, enabling higher crop yields and better resource management to meet this growing demand.
2.    Climate Change and Reduction of Arable Land: Climate change has adversely affected significant amounts of arable land, posing challenges to traditional farming methods. IoT solutions offer innovative approaches to mitigate these challenges by providing real-time data and adaptive strategies for sustainable agriculture.
3.    Technological Advancements: Continuous innovations in IoT devices and analytics have made these technologies more accessible and affordable for farmers. The integration of IoT with artificial intelligence (AI) and blockchain further enhances decision-making and traceability in the agricultural supply chain.
4.    Government Initiatives and Support: Many governments worldwide are promoting the adoption of smart farming practices through subsidies and policy support, recognizing the potential of IoT to revolutionize agriculture and ensure food security.
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Segmentation Analysis
The IoT in agriculture market can be segmented based on system, farm type, and application:
•    By System:
o    Automation and Control Systems: These include devices and software that automate various farming processes, reducing manual intervention and increasing efficiency.
o    Sensing and Monitoring Devices: Sensors that collect data on soil moisture, temperature, humidity, and other environmental factors crucial for informed farming decisions.
o    Livestock Monitoring Hardware: Devices that track the health, location, and activity of livestock, ensuring optimal animal welfare and productivity.
o    Fish Farming Hardware: Equipment designed to monitor water quality and fish health in aquaculture settings.
o    Smart Greenhouse Hardware: Technologies that control and monitor greenhouse environments to optimize plant growth conditions.
o    Software: Platforms and applications that analyze data collected from various devices, providing actionable insights and facilitating farm management.
•    By Farm Type:
o    Large Farms: Extensive agricultural operations that benefit from large-scale IoT implementations to manage vast areas and resources efficiently.
o    Mid-Sized Farms: Medium-scale farms adopting IoT solutions to enhance productivity and competitiveness.
o    Small Farms: Smaller agricultural enterprises utilizing IoT technologies to optimize limited resources and improve yield.
•    By Application:
o    Precision Farming: Employing IoT devices to monitor and manage crops with high precision, ensuring optimal growth conditions and resource use.
o    Livestock Monitoring: Using IoT solutions to track and maintain the health and productivity of livestock.
o    Smart Greenhouse: Implementing IoT technologies to control environmental parameters within greenhouses, promoting efficient plant cultivation.
o    Fish Farm Monitoring: Utilizing IoT devices to oversee aquaculture operations, ensuring water quality and fish health.
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Regional Insights
•    North America: The region is expected to maintain a significant share of the IoT in agriculture market, driven by early adoption of advanced technologies and substantial investments in smart farming solutions. The United States, in particular, leads in implementing IoT-based agricultural practices.
•    Europe: Countries like the United Kingdom, France, Germany, Italy, and Spain are witnessing increased adoption of IoT in agriculture, supported by government initiatives and a focus on sustainable farming practices.
•    Asia Pacific: Rapid population growth and the need for enhanced food production are propelling the adoption of IoT technologies in countries such as China, India, Japan, South Korea, and Australia. Government support and technological advancements further bolster market growth in this region.
•    Middle East and Africa: The adoption of IoT in agriculture is gradually increasing, with countries like South Africa, GCC nations, Egypt, and Nigeria exploring smart farming solutions to address challenges related to water scarcity and food security.
Competitive Landscape
The IoT in agriculture market is characterized by the presence of several key players striving to enhance their market position through strategic initiatives:
•    DeLaval: Specializes in providing advanced milking solutions and farm management systems, integrating IoT technologies to improve dairy farming efficiency.
•    Crop Metrics: Offers precision irrigation management solutions, utilizing IoT devices to optimize water usage and enhance crop yields.
•    Raven Industries: Develops innovative agricultural products, including IoT-enabled precision farming tools that assist in field mapping and variable rate application.
•    AeroFarms: Pioneers in indoor vertical farming, employing IoT technologies to monitor and control environmental conditions for optimal plant growth.
•    SmartCultiva Corporation: Provides IoT-based solutions for soil monitoring and crop management, enabling farmers to make data-driven decisions.
These companies are actively investing in research and development to introduce innovative products, expanding their distribution networks, and engaging in partnerships and acquisitions to strengthen their market presence.
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