PUBLISHER: The Business Research Company | PRODUCT CODE: 1760151
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760151
The Internet of Things (IoT) in precision agriculture refers to the use of interconnected devices, sensors, and technologies to collect, transmit, and analyze data related to farming activities. These technologies enable farmers to monitor and manage agricultural operations in real-time with high precision, leading to optimized resource use, higher crop yields, reduced environmental impact, and enhanced decision-making.
The main components of IoT in precision agriculture are hardware, software, and services. Hardware consists of physical IoT devices such as sensors, drones, actuators, and weather stations deployed on farms. These devices are crucial for data acquisition and control. They are integrated into various systems, including sensing systems and cloud computing, and are used in applications such as weather tracking and forecasting, yield monitoring and farm mapping, crop scouting, irrigation management, and more.
The internet of things (IoT) in precision agriculture market research report is one of a series of new reports from The Business Research Company that provides internet of things (IoT) in precision agriculture market statistics, including the internet of things (IoT) in precision agriculture industry's global market size, regional shares, competitors with a internet of things (IoT) in precision agriculture market share, detailed internet of things (IoT) in precision agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (IoT) in precision agriculture industry. This internet of things (IoT) in precision agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The internet of things (IoT) in precision agriculture market size has grown rapidly in recent years. It will grow from $7.09 billion in 2024 to $8.48 billion in 2025 at a compound annual growth rate (CAGR) of 19.5%. The growth during the historic period can be attributed to the increasing adoption of global positioning system (GPS) technology, growing demand for yield monitoring, rising global food demand, government support for smart farming initiatives, and heightened concerns over resource optimization.
The internet of things (IoT) in precision agriculture market size is expected to see rapid growth in the next few years. It will grow to $17.25 billion in 2029 at a compound annual growth rate (CAGR) of 19.4%. The projected growth in the forecast period can be attributed to the rise in smart farming, the expansion of cloud-based platforms, increasing investment in agri-tech startups, growing demand for real-time farm data, and the increasing use of autonomous farming equipment. Key trends expected during this period include the growth of drone-based crop monitoring, the emergence of digital twin technology, a shift towards predictive analytics, the adoption of blockchain for enhanced supply chain transparency, and the rise of subscription-based farm management solutions.
The growing global demand for food is expected to propel the expansion of the Internet of Things (IoT) in precision agriculture in the coming years. The rise in food demand is driven by population growth, urbanization, and changing dietary patterns, along with higher incomes that contribute to the increased consumption of resource-intensive foods. IoT in precision agriculture helps boost food production by using smart sensors to monitor crops and resources efficiently, leading to higher yields, reduced waste, and more sustainable farming practices, which are essential to meet global food demands. For example, in April 2024, the Global Report on Food Crises 2024, published by the World Food Programme, a humanitarian organization based in Italy, highlighted that in 2023, nearly 282 million people in 59 countries faced high levels of acute food insecurity, emphasizing the urgent need for efficient and sustainable agricultural methods. Therefore, the rising global food demand is driving the growth of the IoT in precision agriculture market.
Key players in the IoT in precision agriculture market are focusing on developing innovative solutions, such as artificial intelligence (AI)-integrated farm management platforms, to enhance real-time decision-making and optimize resource use. AI-powered smart farming applications help farmers monitor crop health, soil conditions, and environmental factors, promoting more efficient and sustainable farming practices. For instance, in March 2025, ARB IoT Group Limited, a Singapore-based IoT solutions provider, launched an AI-powered smart agriculture drone designed to improve precision in farming practices. This drone integrates AI with IoT capabilities to monitor crop health, assess soil conditions, and optimize pesticide and fertilizer usage, supporting resource efficiency and sustainable agriculture. Its goal is to assist farmers in improving yield outcomes while lowering operational costs and environmental impact.
In July 2023, Deere & Company, a US-based agricultural machinery manufacturer, acquired Smart Apply for an undisclosed amount. This acquisition aims to enhance John Deere's precision agriculture capabilities by supporting sustainable farming through targeted spraying solutions, in line with the company's strategy to reduce chemical usage and improve operational efficiency in specialty crop applications. Smart Apply, a US-based agri-tech startup, provides data-driven precision spraying technology for orchards, vineyards, and tree nurseries.
Major players in the internet of things (iot) in precision agriculture market are Hitachi Ltd., International Business Machines Corporation (IBM), Deere & Company, Cisco Systems Inc., Case New Holland Industrial (CNHi) N.V., AGCO Corporation, Mouser Electronics Inc., Trimble Inc., Topcon Corporation, Climate LLC, Sentera Inc., CropX Inc., AeroFarms Inc., Actility SA, Monnit Corporation, AgJunction Inc., Ag Leader Technology, AGRIVI Ltd., Heliospectra AB, Pycno Industries Inc., Davra Networks Limited, Farmonaut Technologies Pvt. Ltd.
North America was the largest region in the internet of things (IoT) in precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in internet of things (IoT) in precision agriculture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the internet of things (IoT) in precision agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The internet of things (IoT) in precision agriculture market includes revenues earned by entities by provide soil monitoring, smart irrigation systems, and crop health monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The internet of things (IoT) in precision agriculture market also includes sales of soil sensors, drones, smart irrigation systems, and data management platforms. 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.
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 and 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.
Internet Of Things (IoT) In Precision Agriculture Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on internet of things (iot) in precision agriculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for internet of things (iot) in precision agriculture ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The internet of things (iot) in precision agriculture market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.