Global Smart Agriculture Market Expected to Reach USD 37.1 Billion by 2033 - IMARC Group

December 05, 2024 | Agriculture

VIEW FULL TABLE OF CONTENTS

Global Smart Agriculture Market Statistics, Outlook and Regional Analysis 2025-2033

The global smart agriculture market size was valued at USD 18.7 Billion in 2024, and it is expected to reach USD 37.1 Billion by 2033, exhibiting a growth rate (CAGR) of 7.9% from 2025 to 2033.

Smart Agriculture Market

To get more information on this market, Request Sample

Transformative advancements, driven by the integration of artificial intelligence (AI) and sustainable practices, are responsible for smart agriculture market growth. In addition, the increasing food demand, coupled with limited arable land, is encouraging stakeholders to adopt innovative technologies for optimized farming. Also, the sector is benefiting from the rising emphasis on sustainability, where resource-efficient solutions play a critical role. AI-powered systems are emerging as game-changers, offering precision in irrigation, fertilization, and pest management, which is ensuring higher crop yields and lower environmental impact. For instance, in April 2024, C-DAC Pune introduced the smart farm system, marking a milestone in India’s smart agriculture landscape. This system aims to maximize crop output while conserving resources by leveraging AI to analyze soil and environmental conditions. In line with this, in April 2024, Cropin Technology launched akṣara, an open-source micro language model tailored for farmers that offers tailored crop advisories and optimizes resource use, thereby empowering underserved communities with scalable AI-driven solutions. Furthermore, these developments underscore the growing role of technology in addressing challenges, such as climate variability, resource scarcity, and economic disparities in agriculture.

Moreover, regional initiatives are shaping the smart agriculture ecosystem, with Africa making notable progress. In October 2024, ABAN and SAIS launched the Climate Smart Agriculture Angel Investor Capacity Development (CAICD) program. This initiative strengthens Africa’s investment framework by supporting startups that focus on climate-smart agriculture. The program facilitates funding and innovative solutions to enhance crop quality and optimize agricultural value chains, which is driving sustainable growth in the region. Also, the integration of AI, open-source platforms, and targeted investments highlights the global commitment to transforming traditional farming into a sustainable, technology-driven sector.

Global Smart Agriculture Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa. According to the report, North America dominates the smart agriculture market due to advanced technological adoption, strong infrastructure, government support, and significant investments in precision farming and AI-driven agricultural solutions.

North America Smart Agriculture Market Trends:

North America is the leading region in the market due to its advanced technological infrastructure and the presence of key market players, such as AGCO Corporation. Also, the region benefits from the widespread adoption of precision farming practices, driven by the need to optimize crop yields and reduce resource wastage. In August 2024, AGCO unveiled innovative smart farming solutions at the Farm Progress Show, including Fendt's 600 vario tractor, PTx Trimble's autonomous OutRun grain cart, and Precision Planting's symphony nozzle. In addition, strong government support, the increasing awareness among farmers, and the growing integration of IoT and AI technologies contribute to North America's leadership in the smart agriculture sector.

Europe Smart Agriculture Market Trends:

Europe is embracing precision farming techniques, focusing on reducing environmental impacts while enhancing productivity. Moreover, countries like Germany are adopting IoT-based smart irrigation systems and sensors for real-time soil monitoring. The European Union's policies promoting sustainable agriculture are driving these advancements. For example, Germany's "Digital Farming Solutions" program supports farmers in adopting AI and robotics, boosting the region's smart agriculture market growth.

Asia-Pacific Smart Agriculture Market Trends:

The Asia-Pacific region is leveraging AI and machine learning to address challenges like climate change and food security. India, for instance, is advancing with AI-powered tools like the smart farm system, optimizing irrigation and fertilization. Furthermore, government initiatives like India's PM-Kisan scheme are promoting digital solutions in farming, aiding smallholders in adopting sustainable and tech-driven practices. This is fueling the market's expansion. Besides this, adoption rates have increased because of initiatives like China's push for AI-driven farming solutions and India's Digital Agriculture Mission.

Latin America Smart Agriculture Market Trends:

Key players across Latin America are focusing on precision agriculture to optimize resource use in crop cultivation, which is acting as a significant growth-inducing factor. Brazil, a leading agricultural hub, is utilizing satellite-based technologies for large-scale monitoring and yield optimization. For instance, programs like "AgriTech Brazil" encourage startups to develop smart farming solutions, thereby catalyzing the market across Latin America. Moreover, these advancements help the region improve productivity while conserving resources, which is positioning the region as a key contributor to global smart agriculture innovation.

Middle East and Africa Smart Agriculture Market Trends:

In the Middle East and Africa, water conservation technologies are a priority in smart agriculture due to scarce resources. South Africa exemplifies this trend with smart irrigation systems and climate-resilient farming solutions. Also, initiatives like the Climate Smart Agriculture Angel Investor Capacity Development (CAICD) program enhance investments in innovative startups, thereby fostering sustainable growth in agriculture across the region while addressing environmental challenges effectively.

Top Companies Leading in the Smart Agriculture Industry

Some of the leading smart agriculture market companies include G Leader Technology, AGCO Corporation, AgJunction Inc. (Kubota Corporation), CLAAS KGaA mbH, CropMetrics LLC (CropX inc.), Deere & Company, DICKEY-john, Farmers Edge Inc., Gamaya, Granular Inc. (Corteva Inc.), Raven Industries Inc. (CNH Industrial N.V.), Trimble Inc., among many others. In July 2023, Deere & Company acquired Smart Apply, Inc., a company specializing in precision spraying equipment, which aims to improve spraying precision, reduce chemical use, and support sustainability efforts. This acquisition expands Deere's footprint in smart agriculture, focusing on technology that increases efficiency and minimizes environmental impact.

Global Smart Agriculture Market Segmentation Coverage

On the basis of the agriculture type, the market has been bifurcated into precision farming, livestock monitoring, smart greenhouse, and others, wherein precision farming represents the most preferred segment. Precision farming leverages IoT devices, sensors, and data analytics to optimize crop yields, conserve resources, and enhance decision-making, thereby revolutionizing modern farming practices.
Based on the offering, the market is categorized into hardware, software, and service, amongst which hardware dominates the market. Cutting-edge hardware like drones, GPS systems, and automated machinery empower farmers to monitor crops, analyze soil conditions, and improve efficiency with real-time data.
On the basis of the farm size, the market has been divided into small, medium, and large. Among these, medium exhibits a clear dominance in the market. Smart agriculture thrives through digital platforms, cloud-based systems, and connected applications, enabling seamless integration of data and decision-making across the agricultural value chain.

Report Features	Details
Market Size in 2024	USD 18.7 Billion
Market Forecast in 2033	USD 37.1 Billion
Market Growth Rate 2025-2033	7.9%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Agriculture Type Offering Farm Size Region
Agriculture Types Covered	Precision Farming, Livestock Monitoring, Smart Greenhouse, Others
Offerings Covered	Hardware, Software, Service
Farm Sizes Covered	Small, Medium, Large
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AG Leader Technology, AGCO Corporation, AgJunction Inc. (Kubota Corporation), CLAAS KGaA mbH, CropMetrics LLC (CropX inc.), Deere & Company, DICKEY-john, Farmers Edge Inc., Gamaya, Granular Inc. (Corteva Inc.), Raven Industries Inc. (CNH Industrial N.V.), Trimble Inc., etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Browse IMARC Related Reports on Smart Agriculture Market:

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Smart Agriculture Market Expected to Reach USD 37.1 Billion by 2033 - IMARC Group

Purchase Options New Year Sale

Inquire Before Buying

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.