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[179+ Pages Research Report] Global Smart Farming Market to surpass USD 24.5 billion by 2030 from USD 12.8 billion in 2020 at a CAGR of 10.6 % in the coming years, i.e., 2021-30.
Product Overview
Smart farming is a revolutionary farming idea that uses advanced technology to enhance agricultural products in both quantity and quality. The world's rising demography is causing demand for more food and crops. This enables the farmer to cut their manual efforts, optimize resources use and increase crop production by increasing the advancement of new technologies, including large data services, cloud-based data services, livestock biometrics, farming robots, GPS and the IoT. Smart agricultural technology focuses on the improved efficiency that can be achieved through the implementation and understanding of various technologies and the management of natural variability in agriculture.
Market Highlights
Global Smart Farming Market is expected to project a notable CAGR of 10.6% in 2030.
The main driving forces behind the growth of Smart Farming include increased agricultural mechanisms in developing countries, rising labour costs as a result of a lack of skilled labour, increased pressure for food supplies in the world as a result of increasing population, significant savings on smart farming techniques and government initiatives to adopt advanced agricultural technology. The increasing need for optimal crop production with scarce funds gives it tremendous popularity among farmers.
Global Smart Farming Market: Segments
Precision segment to grow with the highest CAGR during 2020-30
Global Smart Farming market is segmented by type into Precision Farming, Livestock Monitoring, Smart Greenhouse, Others. Precision animal tracking helps track animal health, manufacturing and welfare in real-time to ensure optimum returns. The industry players have been encouraged to concentrate on new product launches and significant economies of the cost related to livestock monitoring, such as increasing the size of milk farms and the technical advances like animal tracking.
Hardware segment to grow with the highest CAGR during 2020-30
Global Smart Farming is divided by offering into Hardware-Sensors, GPS, Yield Monitors; Software; Services. Due to the high use of automation and control instruments—drones/UAVs, GPS/GNSS, drainage controllers, guidance and traction control, yield monitoring and sensor control, the hardware was the fastest-growing share in 2020. The increasing use of new technologies and advanced equipment for Smart agriculture is anticipated to lead to the development in the hardware Smart agriculture market. The precise agricultural market for services is anticipated to boost at the highest CAGR during the forecast period, increasing demand for managed services contributes positively to the success of the market in Smart agricultural services.
Market Dynamics
Drivers
Penetration of technologies such as VRT and guidance.
Increases in productivity and decline of overhead labour have been caused by the use of technology such as VRT, remote sensing, GPS, GIS and guidance technology in Smart farms. The use of state-of-the-art agricultural equipment based on devices has helped the best utilization of resources. Smart agricultural equipment based on state-of-the-art technology not only contributes to the basic savings by lowering the labour cost but also significantly enhances farm operations.
Increase in overall productivity
The exhaustion of natural resources and environmental deterioration are some of the factors that limit cultivation. Growing environmental concerns encourage farmers to focus on sustainable farming practices, like natural resource conservation. This has led to the need to improve the nutrition and protection of crops and to enhance the Smart farming market. Multiple growth opportunities have been developed through technological innovations such as vertical farms with intelligent designs to maximize yields and cut waste.
Restraint
Lack of technological know-how
Smart farming is a smart farming technique requiring technical knowledge. Limited knowledge about and the use of advanced technologies creates an imbalance between comprehension and implementation of the concepts in the field of precise agriculture. While several governments and market players around the world take initiatives to provide training and advising farmers on the use of Smart agriculture, many farmers are not involved. Similarly, limited technical know-how is hindering the growth of the Smart farming industry by farmers in developing countries like China, India and Brazil.
Global Smart Farming Market: Key Players
Deere & Company (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Argus Control Systems Ltd. (Canada)
Agribotix LLC (U.S.)
Autonomous Solutions, Inc. (U.S.)
CNH Industrial (UK)
CLAAS (Germany)
CropZilla Software, Inc. (U.S.)
Raven Industries (US)
AgJunction (US)
The Climate Corporation (US)
Other Prominent Players
Global Smart Farming Market: Regions
Global Smart Farming market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Global Smart Farming in North America held the largest market share of XX.X% in the year 2020. Countries like the United States and Canada in America are the first to implement Smart farming technologies, which is a key reason for this region's significant growth. Agricultural systems and equipment in the region, like steering systems, guided systems, sensors, display devices and farm management software, are widely adopted by farmers. Increasing use in various agricultural applications of technological advancements, reducing labour levels, consolidating farms, increasing population, and the increasing demand for high productivity from current farming areas are some other factor driving growth in the American Smart farming market.
Global Smart Farming Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Smart Farming Market report also contains analysis on:
Smart Farming Segments:
By Type
Smart Farming
Livestock Monitoring
Smart Greenhouse, Others
By Offerings
Hardware-Sensors
GPS
Yield Monitors
Software
Services
Smart Farming Market Dynamics
Smart Farming Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Smart Farming Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Smart Farming market
What is the Smart Farming market growth
Which segment accounted for the largest Smart Farming market share
Who are the key players in the Smart Farming market
What are the factors driving the Smart Farming market
Contents
1. Executive Summary
2. Global Smart Farming Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Smart Farming Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Smart Farming Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Smart Farming Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Type: Market Share (2020-2030F)
1. Precision Farming, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Livestock Monitoring, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Smart Greenhouse, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Offering: Market Share (2020-2030F)
1. Hardware-Sensors, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. GPS, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Yield Monitors, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Software, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Services, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Deere & Company (US)
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Taranis (Israel)
3. AgEagle (US)
4. Teejet Technologies (US)
5. The Climate Corporation (US)
6. Trimble (US)
7. AGCO Corporation (US)
8. AgJunction (US)
9. Raven Industries (US)
10. AG Leader (US
11. Topcon Positioning Systems (US)
12. Descartes Labs (US)
13. ec2ce (Spain)
14. Prospera Technologies (Israel)
15. Autonomous Tractor Corporation (US)
16. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Research Methodology:
Smart Farming Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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