IoT Agriculture Market Summary
As per MRFR Analysis, the IoT in Agriculture Market was valued at 9.76 USD Billion in 2023 and is projected to grow to 34.7 USD Billion by 2035, reflecting a CAGR of 11.14% from 2025 to 2035. The market is driven by the increasing demand for efficient agricultural practices due to rising food needs from a growing global population, which is expected to exceed 9.7 billion by 2050. Key players are leveraging IoT technologies to enhance productivity and sustainability in farming, addressing both economic and environmental challenges.
Key Market Trends & Highlights
The IoT in Agriculture Market is witnessing transformative trends driven by technology and sustainability.
- Market Size in 2024: 10.85 USD Billion; Expected Growth to 34.7 USD Billion by 2035.
- Precision Farming projected to grow from 3.25 USD Billion in 2024 to 10.48 USD Billion by 2035.
- Livestock Monitoring expected to expand from 2.15 USD Billion in 2024 to 6.81 USD Billion by 2035.
- North America to dominate with a market size of 4.15 USD Billion in 2024, reaching 13.5 USD Billion by 2035.
Market Size & Forecast
2023 Market Size: USD 9.76 Billion
2024 Market Size: USD 10.85 Billion
2035 Market Size: USD 34.7 Billion
CAGR (2025-2035): 11.14%
Largest Regional Market Share in 2024: North America.
Major Players
IBM, Trimble, AgJunction, Taranis, AG Leader Technology, John Deere, Quantified Ag, Huawei, Climate Corporation, Sierra Wireless, Raven Industries, Cisco, Siemens, CropX.
Key IoT in Agriculture Market Trends Highlighted
Technological improvements and an increasing focus on smart farming methods are driving a dramatic shift in the IoT in Agriculture Market. The need for effective agriculture is driving the development of IoT technologies to increase crop output and optimize resource usage as food security becomes a worldwide issue.
By using sensors and other equipment to remotely monitor agricultural surroundings, farmers are able to make data-driven decisions that will ultimately result in more sustainable farming methods. Furthermore, two major market factors encouraging wider usage are the growing availability of reasonably priced IoT devices and enhanced connectivity, particularly in rural locations.
The emergence of precision agriculture, which enables farmers to use real-time data to manage their crops more accurately, presents opportunities to be investigated. This accuracy can pave the way for more ecologically friendly agriculture by improving insect management, conserving water, and using less fertilizer.
Furthermore, the way farming data is processed might be completely transformed by the combination of IoT with AI and machine learning, opening up even more avenues for innovation in the industry. As more autonomous agricultural equipment is made possible by IoT technology, there has been a noticeable trend toward automation in agriculture in recent years.
These intelligent gadgets can function with little assistance from humans, which helps to address the labor shortage that many areas have. Additionally, governments all around the world are funding agricultural technology projects because they understand how crucial IoT is to reaching their sustainability objectives.
As more people move into cities due to urbanization, agricultural techniques are changing to emphasize production and efficiency. The way these elements interact suggests a dynamic environment with plenty of room for expansion and change in the IoT in Agriculture Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
IoT in Agriculture Market Drivers
Rising Demand for Food Supply
The Global Agriculture sector is under significant pressure to meet the increasing food demand for its growing population, which is projected to reach approximately 9.7 billion by 2050, according to the Food and Agriculture Organization (FAO).This population growth translates to a 70% increase in food production required to sustain it. The IoT in Agriculture Market can play a crucial role in optimizing crop yields and resource management through technology-driven solutions.
Prominent organizations such as Bayer and Cargill are actively investing in innovative IoT solutions that enhance agricultural productivity and efficiency. These advancements aim to provide farmers with real-time data and insights, crucial in managing crops effectively and efficiently, thus addressing the food supply-demand gap as the population continues to rise.
Government Initiatives and Funding
Governments globally are increasingly recognizing the importance of technology in agriculture, leading to various initiatives and funding programs designed to promote smart farming solutions. For instance, policies supporting the adoption of precision agriculture are becoming common as countries aim to achieve sustainable agricultural practices.
According to national agricultural departments, investments in IoT-based agricultural technologies have been gaining traction, with projected funding to reach over USD 7 billion by 2025 in regions like North America and the European Union.Organizations such as the World Bank have been advocating for technological advancements in the agricultural sector, bolstering the IoT in Agriculture Market by promoting funding and initiatives aimed at enhancing food security and sustainability.
Technological Advancements in IoT
The advancement of Internet of Things (IoT) technologies has revolutionized the agricultural landscape, presenting new opportunities for yield enhancement and resource management. The integration of sensors, drones, and data analytics in farming practices optimizes the use of water, fertilizers, and pesticides.
Research indicates that precision agriculture can reduce water usage by 20% while improving crop yields by up to 30%. Companies like John Deere are integrating high-end IoT solutions into their equipment, enabling farmers to gather and analyze data in real-time, directly impacting the efficiency and productivity of agricultural operations.
The ongoing developments in IoT technology are expected to drive the IoT in Agriculture Market, contributing to smarter, data-driven agricultural practices.
Increased Awareness for Sustainable Agriculture
With a rising global consciousness about environmental sustainability, farmers are increasingly turning towards IoT solutions to adopt sustainable practices in agriculture. The United Nations has highlighted sustainable agriculture as a key factor in combatting climate change, promoting strategies that minimize ecological footprints while maximizing agricultural output.Research suggests that the adoption of IoT-driven precision farming techniques can lead to a significant reduction in carbon emissions.
Organizations such as the International Food Policy Research Institute (IFPRI) advocate for incorporating IoT solutions to track resource use, promoting sustainability in agriculture. This growing awareness and commitment to sustainability is propelling the IoT in Agriculture Market, fostering innovations that align with environmental goals.
IoT in Agriculture Market Segment Insights
IoT in Agriculture Market Application Insights
The IoT in Agriculture Market witnessed a robust growth trajectory, significantly driven by the Application segment, which comprises precision farming, livestock monitoring, smart greenhouses, crop monitoring, and supply chain management.Precision Farming dominated this segment, with a market value of 3.4 USD Billion in 2024, rising to 10.92 USD Billion by 2035. This application was essential as it optimized crop yields and resource use by leveraging data analytics and automated tools, allowing farmers to make informed decisions, enhance efficiency, and minimize waste.
Livestock Monitoring, valued at 2.1 USD Billion in 2024, is set to grow to 6.67 USD Billion by 2035. This segment provided real-time data on animal health and productivity, contributing to better herd management and improved food security.Smart Greenhouses also played a key role, with a market size anticipated to grow from 1.9 USD Billion in 2024 to 6.02 USD Billion by 2035, as these facilitied utilize sensor technology to optimize the growing environment for various crops, significantly increasing output and reducing resource consumption.
Crop Monitoring, valued at 2.4 USD Billion in 2024 and expected to climb to 7.44 USD Billion by 2035, employed IoT devices to gather data on soil health, weather conditions, and crop growth, facilitating timely interventions to ensure optimal agricultural practices.Lastly, Supply Chain Management is anticipated to grow from 1.05 USD Billion in 2024 to 3.05 USD Billion by 2035, streamlining processes within the agricultural supply chain through enhanced visibility and traceability, ultimately reducing waste and improving efficiency.
Collectively, these application areas exemplified the transformative impact of IoT technologies on the agricultural landscape, empowering producers to address some of the most pressing challenges in the industry today while driving overall market growth and development within the IoT in Agriculture Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
IoT in Agriculture Market Technology Insights
The IoT in Agriculture Market is experiencing substantial growth due to advancements in technology. This marks a notable opportunity for innovation within this sector, influenced by several factors including increased demand for smart farming solutions and greater emphasis on sustainability in agriculture.
The market comprises various components including Sensors, Software, Connectivity Technologies, Data Analytics, and Cloud Computing. Sensors play a critical role in monitoring crop health and soil conditions, enabling farmers to optimize resource use and enhance yields.Software solutions integrate data from various sources, providing actionable insights for decision-making. Connectivity Technologies facilitate real-time communication between devices, ensuring seamless operation.
Data Analytics enables the interpretation of collected data to uncover patterns and trends, aiding in strategic planning. Furthermore, Cloud Computing offers scalable storage solutions for massive amounts of agricultural data, which is essential for modern farming practices.
The integration of these technologies is expected to drive efficiency and productivity in agriculture, highlighting their importance in addressing challenges such as food security and resource management. Overall, the trends in the IoT in Agriculture Market reveal a robust shift towards technologically advanced and data-driven agricultural practices.
IoT in Agriculture Market End-use InsightsÂ
Within the End-use segment, farms play a pivotal role, leveraging IoT solutions for precision farming, enhancing crop monitoring, and optimizing resource usage. Agricultural cooperatives also significantly benefit from IoT systems, which streamline operations, improve supply chain management, and facilitate data sharing among members.
Food producers are integrating IoT technologies to ensure quality control and improve traceability, which is increasingly important in today's market. Research institutions utilize IoT applications not only for agricultural development but also for sustainable practices and environmental monitoring.
As these various entities embrace IoT technologies, the IoT in Agriculture Market segmentation highlights the interconnectivity and collaboration essential for the industry's evolution. The market is being propelled by factors such as rising population demands, climate change challenges, and the shift towards smart farming solutions, leading to enhanced efficiency and productivity across the board.
IoT in Agriculture Market Component Insights
The IoT in Agriculture Market is primarily driven by its diverse components, which include Hardware, Software, and Services. The Hardware component plays a pivotal role, encompassing devices that facilitate connectivity and data acquisition, which are crucial for efficient agricultural practices.
Software solutions are integral as they enable data analytics, enhancing decision-making processes. Services, including consulting and maintenance, support the implementation and ongoing operation of IoT systems, ensuring they function optimally.The market has been experiencing robust growth, supported by increasing global food demand and technological advancements. Furthermore, significant investments in digital agriculture initiatives globally contribute to the expanding market growth.
Key challenges, such as cybersecurity concerns and the need for farmer education on new technologies, present opportunities for development within the IoT in Agriculture Market. As this industry continues to evolve, the potential for innovative applications and enhancements in agricultural productivity remains substantial, positioning each component as a significant driver of market dynamics.
A comprehensive understanding of the IoT in Agriculture Market segmentation allows stakeholders to strategically navigate the complexities of this evolving landscape.
IoT in Agriculture Market Regional Insights
The IoT in Agriculture Market experienced notable growth across various regions, contributing to the overall market dynamics. In 2024, North America held a significant share valued at 3.25 USD Billion and further grow to 10.45 USD Billion by 2035, driven by advancements in technology and a strong emphasis on precision farming.
Europe followed with a valuation of 2.75 USD Billion in 2024, increasing to 8.7 USD Billion in 2035, as the region focuses on sustainable agriculture practices and smart farming technologies. Asia Pacific was a vital growth engine, starting at 3.5 USD Billion in 2024 and surging to 11.47 USD Billion by 2035, largely due to increased agricultural output requirements and population growth.
South America and the Middle East and Africa, while smaller markets, showed promising trajectories with South America initial valuation set at 1.0 USD Billion in 2024 and expected to reach 3.1 USD Billion by 2035; these regions were increasingly adopting IoT solutions for improving agricultural efficiency.
The Middle East and Africa began at 0.35 USD Billion and rise to 1.88 USD Billion by 2035, as they implemented technology in farming to tackle food security challenges. Each region reflected unique growth drivers and opportunities in the IoT in Agriculture Market landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
IoT in Agriculture Market Key Players and Competitive Insights
IoT in Agriculture Market is rapidly evolving, fueled by advancements in technology and increasing agricultural demands. Companies operating in this space are leveraging Internet of Things (IoT) solutions to enhance productivity, optimize resource management, and facilitate data-driven decision-making.
The competition is intense as various players are trying to differentiate their offerings by focusing on innovative sensor technologies, predictive analytics, and integrated platforms that connect various aspects of farming processes.
Additionally, the market is characterized by partnerships and collaborations that aim to expand the service portfolio and geographical reach. Overall, the competitive landscape is shaped by the need to provide value-added services that help farmers increase efficiency while addressing challenges such as climate change and food security.
Raven Industries has established a significant presence in the IoT in Agriculture Market through its innovative technology solutions. The company's core strengths lie in its advanced precision agriculture tools that leverage IoT capabilities to provide real-time insights and automated operations for farmers.
By integrating GPS, data analytics, and field sensors, Raven Industries empowers agricultural professionals to make informed decisions that optimize crop yields while minimizing resource waste. The company's commitment to research and development enables it to stay ahead of technological trends and introduce cutting-edge solutions that enhance farm efficiency.This allows Raven Industries to maintain a competitive edge and solidify its role as a trusted partner in the agricultural sector on a global scale.
Bayer has made substantial contributions to the IoT in Agriculture Market, presenting a range of products and services tailored for modern agriculture. The company’s agricultural division focuses on providing integrated crop solutions that include seeds, crop protection products, and digital farming technologies.
Bayer's strengths lie in its robust R&D capabilities, allowing for the continuous development of innovative solutions that cater to the evolving needs of farmers worldwide. The company's strategic mergers and acquisitions have expanded its portfolio and market influence, facilitating the introduction of advanced IoT tools that enhance precision farming.
By leveraging data analytics and machine learning, Bayer is working to create sustainable agricultural practices that not only boost productivity but also contribute to environmental stewardship. Its widespread market presence and comprehensive range of offerings position Bayer as a formidable player in the global IoT agriculture landscape.
Key Companies in the IoT in Agriculture Market Include
- Raven Industries
- Bayer
- Huawei
- Monsanto
- IBM
- Topcon Positioning Systems
- John Deere
- Cisco
- Sierra Wireless
- Parrot
- AG Leader Technology
- Lindsay Corporation
- OneSoil
- Trimble
IoT in Agriculture Market Developments
With the goal of accelerating in-field IoT and tropical-crop innovation, John Deere announced in November 2023 that it will be building a Tropical Agriculture Technology Development Center in Brazil for R$180 million (about US$35 million) by the end of 2024.
To improve automation and linked equipment manufacturing, Deere installed a private 5G network at its Waterloo, Iowa, facility in March 2024. In order to promote IoT-enabled precision agriculture, Deere started its Startup Collaborator program in January 2023, combining eight AgTech firms, including drone and optical gyroscope companies.
After being purchased by CNH Industrial in March 2023, Raven Industries shifted its emphasis to precision agricultural IoT, developing data management and self-governing farm operations technologies. Real-time soil and crop monitoring fueled by AI-driven analytics was made possible in 2023 by the expansion of remote sensor and drone integration in Bayer's Climate FieldView platform.
Trimble improved centimeter-level guiding for autonomous equipment in 2025 by showcasing next-generation field IoT GPS receivers and machine control systems at significant agriculture shows. Topcon introduced cutting-edge IoT-based in-cab connection solutions for harvesters and tractors in 2024. These systems included fleet management tools, cloud data synchronization, and remote diagnostics.
IoT In Agriculture Market Segmentation Insights
IoT in Agriculture Market Application Outlook
- Precision Farming
- Livestock Monitoring
- Smart Greenhouses
- Crop Monitoring
- Supply Chain Management
IoT in Agriculture Market Technology Outlook
- Sensors
- Software
- Connectivity Technologies
- Data Analytics
- Cloud Computing
IoT in Agriculture Market End-use Outlook
- Farms
- Agricultural Cooperatives
- Food Producers
- Research Institutions
IoT in Agriculture Market Component Outlook
- Hardware
- Software
- Services
IoT in Agriculture Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2023
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9.76(USD Billion)
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Market Size 2024
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10.85(USD Billion)
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Market Size 2035
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34.7(USD Billion)
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Compound Annual Growth Rate (CAGR)
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11.15% (2025 - 2035)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2024
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Market Forecast Period
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2025 - 2035
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Historical Data
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2019 - 2024
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Raven Industries, Bayer, Huawei, Monsanto, IBM, Topcon Positioning Systems, John Deere, Cisco, Sierra Wireless, Parrot, AG Leader Technology, Lindsay Corporation, OneSoil, Trimble
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Segments Covered
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Application, Technology, End-use, Component, Regional
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Key Market Opportunities
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Precision farming technologies, Smart irrigation systems, Livestock monitoring solutions, Supply chain automation, Data analytics for crop management
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Key Market Dynamics
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Increasing demand for food production, Advancements in IoT technologies, Government support and subsidies, Need for sustainable farming practices, Enhanced data analytics capabilities
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Countries Covered
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North America, Europe, APAC, South America, MEA
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IoT Agriculture Market Highlights:
Frequently Asked Questions (FAQ) :
The IoT in Agriculture Market is expected to be valued at approximately 34.7 USD Billion by 2035.
The IoT in Agriculture Market is projected to have a CAGR of 11.15% from 2025 to 2035.
By 2035, North America is anticipated to have one of the largest shares, valued at 10.45 USD Billion.
Precision Farming was valued at 3.4 USD Billion in 2024.
Major players include Raven Industries, Bayer, Huawei, and John Deere among others.
The market size for Livestock Monitoring is expected to reach 6.67 USD Billion by 2035.
The Smart Greenhouses segment was valued at 1.9 USD Billion in 2024.
Asia Pacific is expected to experience substantial growth, with a projected value of 11.47 USD Billion by 2035.
Supply Chain Management was valued at 1.05 USD Billion in 2024.
Crop Monitoring is expected to reach a value of 7.44 USD Billion by 2035.
