Agriculture IoT Global Market Report 2025

Agriculture IoT Market Overview

• Agriculture IoT market size has reached to $15.32 billion in 2024

• Expected to grow to $25.07 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%

• Growth Driver: Rising Food Demand Propels Growth In Agriculture IOT Market

• Market Trend: Innovations in Agriculture IoT With Enhancing Crop Monitoring With Aftermarket Devices

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Agriculture IoT Market?

Agriculture IoT (Internet of Things) refers to using sensors, cameras, and other gadgets to convert every aspect and action related to farming into data. Agriculture IoT helps in creating large data sets from weather, moisture, plant health, mineral status, chemical applications, insect presence, and many other variables, enabling big data engineers to derive insights about the farm at various degrees of granularity using software algorithms. Agriculture IoT helps farmers use these data to decide how to plant, irrigate, harvest, and more.

The main components of agriculture IoT are hardware, software, and connectivity and services. Hardware refers to IoT enabled tools used by farmers to maximize labor and boost productivity. The agriculture IoT hardware components include tools like sensors for soil, disease and pest indications, hydration, light conditions, humidity and temperature control, and light conditions. The hardware comprises of precision farming hardware, precision livestock hardware, precision aquaculture hardware, precision forestry hardware, smart greenhouses hardware, and others used in large, mid-sized, and small farms.

What Is The Agriculture IoT Market Size 2025 And Growth Rate?

The agriculture IoT market size has grown strongly in recent years. It will grow from $15.32 billion in 2024 to $16.67 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to farm mechanization and automation, rise of smart farming practices, connectivity infrastructure development, farm size and large-scale operations, crop health monitoring, efficient resource management, weather and climate monitoring, affordability and scalability.

What’s The Trade War Impact On Information Technology Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the information technology sector, particularly in hardware manufacturing, data infrastructure, and software deployment. Higher duties on imported semiconductors, circuit boards, and networking equipment have raised production and operational costs for tech firms, cloud service providers, and data centers. Companies relying on globally sourced components for laptops, servers, and consumer electronics are facing longer lead times and increased pricing pressures. In parallel, tariffs on specialized software tools and retaliatory measures from key international markets have disrupted global IT supply chains and reduced overseas demand for U.S.-developed technologies. To navigate these challenges, the sector is accelerating investments in domestic chip fabrication, diversifying supplier bases, and adopting AI-driven automation to enhance operational resilience and cost efficiency.

How Is The Agriculture IoT Market Segmented?

1) By Component type: Hardware, Software, Connectivity And Services

2) By Farm Type: Large, Mid-Sized, Small Farms

Subsegments:

1) By Hardware: Sensors, Actuators, Drones, RFID Tags

2) By Software: Data Analytics Platforms, Farm Management Software, Monitoring And Control Software

3) By Connectivity: Wireless Technologies, Cellular Networks, Satellite Communication

4) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services

What Is Driving The Agriculture IoT Market? Rising Food Demand Propels Growth In Agriculture IoT Market

A rise in the demand for food is driving the growth of the agriculture IoT market going forward. Food refers to the substance eaten by humans and animals to provide essential nutrition and nourishment to the body. The growing population of people across the globe is causing an increase in food demand. IoT solutions are geared toward assisting farmers in bridging the supply-demand gap by guaranteeing high yields, financial success, and environmental protection. For instance, according to data from The Food and Agricultural Organization, a Canada-based body of the United Nations, global food production will need to increase by 70% to meet the growing global population growth that is expected to reach 9.6 billion by 2050. Therefore, an increase in demand for food is driving the agriculture IoT industry.

What Is Driving The Agriculture IoT Market? Surging Crop Production Fuels Expansion Of Agriculture IoT Market

The growing crop production is expected to propel the growth of the agriculture IoT market going forward. Crop production refers to the process of growing, cultivating, and harvesting crops for various purposes, primarily for human consumption or for animal feed. Agriculture IoT is used in crop production to enhance efficiency, optimize resource utilization, increase productivity, and contribute to sustainable and environmentally friendly farming practices. For instance, in October 2023, according to the Press Information Bureau, an India-based nodal agency, total foodgrain production in India was estimated at 3296.87 Lakh tonnes in 2022-23, an increase of 140.71 Lakh tonnes from the previous year (3156.16 Lakh tonnes) and higher than the five-year average. Therefore, growing crop production is driving the growth of the agriculture IoT industry.

Who Are The Major Players In The Global Agriculture IoT Market?

Major companies operating in the agriculture IoT market are Deere & Company, The Tetra Laval Group, Topcon Positioning Systems Inc., Trimble Inc., Raven Industries Inc., AgJunction Inc., Farmers Edge Inc., Field Group AS, AgEagle Aerial Systems, Komatsu Forest AB, InnovaSea Systems Inc., Steinsvik AS, Ponsse PLC, The Climate Corporation, OnFarm Systems Inc., SlantRange Inc., TELUS Agriculture Solutions Inc., Ag Leader Technology, Autonomous Solutions Inc., BouMatic Robotic B.V., Helium Systems Inc., Benchmark Labs Inc., Jala Corporation, Myriota Pty Ltd, Ketos Inc., FarmInsect Ltd., Orbital Insight Inc., M5Stack Technology Co. Ltd., KisanHub Ltd., Amber Agriculture Inc., Arable Labs Inc., Sencrop SAS

What Are The Key Trends Of The Global Agriculture IoT Market? Innovations in Agriculture IoT With Enhancing Crop Monitoring With Aftermarket Devices

Major companies operating in the agriculture IoT market are focusing on developing innovative products, such as IoT-based aftermarket devices to enhance crop monitoring and optimize resource management. IoT-based aftermarket devices are products that enhance existing agricultural equipment by enabling real-time data collection and analysis. They allow farmers to monitor performance and optimize operations without needing to replace entire systems. For instance, Mahindra & Mahindra's agritech division, Krish-e, an India-based manufacturing company, launched the Krish-e-Smart Kit for farm equipment, which offers numerous advantages for farmers and equipment owners. It enhances monitoring by providing real-time insights into tractor performance and usage, allowing for more efficient management and minimizing downtime.

What Are The Key Trends Of The Global Agriculture IoT Market? CultYvate And Dhiway Networks Forge Strategic Partnership For Integrated IoT And Blockchain Solutions

Major companies operating in the agriculture IoT market are adopting a strategic partnership approach to leverage the strengths of different companies to create integrated solutions that address the evolving needs of the agriculture industry. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in July 2023, CultYvate, an India-based agricultural service company, partnered with Dhiway Networks Private Limited, an India-based blockchain technology company. With this partnership, they aim to transform the agricultural sector's digital landscape by integrating Dhiway's cutting-edge CORD blockchain technology with IoT data from CultYvate to create a robust foundation for data security, transparency, and trust. This partnership aims to address several challenges faced by the agricultural industry.

Agriculture IoT Market Merger And Acquisition: Telit Cinterion Acquires Global IoT Module

In September 2022, Telit Cinterion, a UK-based company that provides Internet of Things (IoT) solutions and services, acquired the Global IoT module for an undisclosed amount. Through its acquisition of Telit, Cinterion aims to enhance its portfolio of IoT solutions by combining strengths in both hardware and software. Global IoT Module is a China-based technology company that operates in the Internet of Things (IoT) sector.

Regional Outlook For The Global Agriculture IoT Market

North America was the largest region in the agriculture IoT market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Agriculture IoT Market?

The agriculture IoT market includes revenues earned by entities by greenhouse automation, crop management, cattle monitoring, and monitoring climate conditions. The market value includes the value of related goods sold by the service provider or included within the service offering. The agriculture IoT market also includes sales of weeding robots, machine navigation, harvesting robotics, material handling machines, and agriculture drones. 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.

What is the Market Assessment and Strategic Outlook for the Agriculture IoT Industry?

The agriculture iot 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 agriculture iot 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.