PUBLISHER: Grand View Research | PRODUCT CODE: 1908653
PUBLISHER: Grand View Research | PRODUCT CODE: 1908653
The global smart agriculture market size was estimated at USD 25.36 billion in 2024 and is projected to reach USD 83.72 billion by 2033, growing at a CAGR of 14.6% from 2025 to 2033. Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) are the key factors driving demand during the forecast period.
Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS, to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used to monitor material conditions and vibrations in buildings, factories, bridges, farms, and other types of infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide real-time information to the maintenance team. In addition, agricultural robots are being used to automate various farming processes, including soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.
To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture industry in sufficient quantities. Mobile technology enables the development of innovative types and applications that are utilized throughout the entire agricultural value chain.
Machine-to-machine (M2M) applications are particularly well-suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and track tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.
Global Smart Agriculture Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global smart agriculture market report based on offering, application, and region.