Press release
Smart Agriculture Market Updates : Projected to Surpass US$ 41.38 Billion by 2030.
Smart Agriculture Market
The global Smart Agriculture market is poised to grow from US $17.81 billion in 2023 to approximately US $41.38 billion by 2030, expanding at a robust compound annual growth rate (CAGR) of 12.8 % between 2024 and 2030.
Advancements in IoT, remote sensing, and AI-powered precision solutions are revolutionizing farming efficiency-optimizing irrigation, crop health monitoring, and resource use. Rising food demand and strained arable resources underscore the imperative for sustainable agriculture practices. Government policies, including smart-tech subsidies, further catalyze adoption and market expansion.
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►Competitive Landscape
The competitive terrain features industry leaders and emerging players. Trimble, Inc., Deere & Company, and Precision Planting, Inc. are driving innovation and solution integration. Notable activity includes:
Trimble selected by a top Swedish forestry firm for digital forest management in April 2024 .
Intelligent Ag Solutions merged with Headsight Harvesting Solutions into Precision Planting on June 1, 2024 .
North America dominates the market, propelled by rapid deployment of variable-rate technologies, smart irrigation controllers, and AI farm analytics. The Asia-Pacific region exhibits the strongest future growth potential, fueled by government-backed digitalization and IoT adoption .
►Regional Insights
♦ Growth Opportunities in the United States
The United States leads North America in smart agriculture spend. Innovative use of precision irrigation and AI-powered livestock management offers fertile ground for market growth. Ongoing subsidy programs and farm analytics adoption drive expansion.
Consolidation: Strategic moves include the June 2024 merger of Intelligent Ag Solutions and Headsight Harvesting Solutions under Precision Planting, indicating growing consolidation to strengthen dealer networks.
♦ Asia-Pacific Trends
Rapid digitization across China, India, and Australia marks strong regional momentum.
Opportunity: Government incentives and IoT penetration in farming equipment accelerate growth.
Updation: Emergence of low-cost precision tools tailored to local farming needs is bridging affordability gaps.
Consolidation: Major M&A activity remains sparse; dominant players like Trimble and Deere & Company are building deeper distribution networks rather than acquiring smaller local players.
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♦ Europe Consolidation
Europe boasts strong adoption of precision farming tools.
Trends: Leading users include Germany, France, and UK, with widespread deployment of smart greenhouse and livestock monitoring systems.
Consolidation: The April 2024 Trimble contract with a Swedish forestry firm demonstrates a trend toward consolidation through strategic agreements across Europe.
Updation: Investments in AI-driven analytical capabilities for livestock and crop management are significantly upgrading regional capabilities.
♦ Middle East & Africa Developments
The region is embracing smart agriculture to combat water scarcity and enhance yield efficiency.
Growth: Innovative sensor- and drone-based irrigation solutions are increasingly adopted.
Opportunity: Large-scale, government-backed smart greenhouse projects are under development, particularly in GCC nations.
M&A: While exact numbers are limited, regional consolidation is emerging via partnerships between global smart-farm firms and local vendors.
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► Market Segmentation: In-Depth Analysis:
by Agriculture Type
Livestock Monitoring
Fish Farming
Smart Greenhouse
Others
by Application
Livestock Application
Fish Farming Application
Smart Greenhouse Application
Others
by Offering
Software
Hardware
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/smart-agriculture-market/1871/
► Learn about the top players driving innovation in the Market :
1. Agjunction, Inc.
2. Trimble, Inc.
3. Deere & Company
4. AG Leader Technology
5. Sst Development Group, Inc
6. Precision Planting, Inc.
7.. Semiosbio Technologies Inc
8. DeLaval
9. Raven Industries
10. CropZilla Software, Inc.
11. Topcon Positioning Systems (US),
12. AKVA Group (Norway),
13. Allflex Livestock Intelligence (US),
14. Innovasea Systems Inc. (US),
15. Afimilk Ltd. (Israel),
16. Heliospectra AB (Sweden)
17. TeeJet Technologies
18. BouMatic
19. Granular, Inc
20. Climate Corporation.
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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