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Agriculture IoT Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The agriculture iot market size has expanded swiftly in recent years. It is forecast to rise from $16.67 billion in 2025 to $18.52 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 11.1%. This historical growth can be attributed to increased smartphone adoption among farmers, the proliferation of precision agriculture techniques, the accessibility of inexpensive sensors, the rise of digital farming projects, and advancements in rural connectivity infrastructure.
The agriculture iot market is projected for significant expansion over the coming years. By 2030, this market is forecasted to reach $27.5 billion, demonstrating a compound annual growth rate (CAGR) of 10.4%. This anticipated growth throughout the forecast period stems from factors such as the increasing embrace of AI-driven agronomy insights, a heightened emphasis on farming practices that conserve resources, the broadening scope of satellite and drone-based surveillance, the escalating incorporation of IoT technology into farm machinery, and rising investments within smart agriculture ecosystems. Key developments expected during this period involve the wider deployment of intelligent farm sensor networks, a surge in the adoption of platforms for data-informed crop management, an increase in the utilization of networked irrigation systems, the broadening availability of real-time farm oversight solutions, and a stronger emphasis on predictive analytics applications within agriculture.
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Agriculture IoT Market Expansion Drivers: What’s Shaping Future Growth?
The expansion of crop production is anticipated to fuel the progress of the agriculture IoT market moving ahead. Crop production encompasses the cultivation, growth, and harvesting of various crops, primarily for human consumption or animal sustenance. Within this domain, agriculture IoT finds application to improve operational efficiency, make the best use of resources, elevate output, and support farming methods that are both sustainable and eco-friendly. A notable illustration is from October 2023, where data from the Press Information Bureau, an India-based nodal agency, revealed that India’s total foodgrain production in 2022-23 reached an estimated 3296.87 Lakh tonnes. This figure represents an increase of 140.71 Lakh tonnes compared to the preceding year (3156.16 Lakh tonnes) and surpasses the five-year average. Consequently, the rising levels of crop production are serving as a significant impetus for the growth of the agriculture IoT market.
Agriculture IoT Market Segment Outlook: Which Categories Are Growing Fastest?
The agriculture iot market covered in this report is segmented –
1) By Component type: Hardware, Software, Connectivity And Services
2) By Farm Type: Large, Mid-Sized, Small Farms
3) By Application: Precision Farming, Livestock Monitoring And Management, Crop Health And Disease Monitoring, Supply Chain And Traceability, Weather And Environmental Monitoring
Subsegments:
1) By Hardware: Sensors, Actuators, Drones, RFID Tags
2) By Software: Data Analytics Platforms, Farm Management Software, Monitoring And Control Software
3) By Connectivity And Services: Cellular And LPWAN Connectivity, Satellite Communication Services, IoT Platform Integration Services, Maintenance And Support Services
Agriculture IoT Market Strategic Trends: What Defines The Next Growth Phase?
Major companies operating in the agriculture IoT market are focusing on developing innovative products, such as IoT-based aftermarket devices, to enhance crop monitoring and optimize resource management. These IoT-based aftermarket devices are solutions that improve existing agricultural equipment by enabling real-time data collection and analysis. They allow farmers to oversee performance and refine operations without needing to replace entire systems. For instance, in March 2023, Mahindra And Mahindra’s agritech division, Krish-e, an India-based manufacturing company, launched the Krish-e-Smart Kit for farm equipment, which offers numerous advantages for farmers and equipment owners. It enhances monitoring by providing real-time insights into tractor performance and usage, allowing for more efficient management and minimizing downtime. The kit also enables GPS tracking, geofencing, and alerts for unauthorized use, helping owners safeguard their machinery. Additionally, it supports rental operations by offering data-driven insights, ensuring optimal utilization and maintenance of farm equipment.
Agriculture IoT Market Leading Companies And Competitive Benchmarking
Major companies operating in the agriculture iot market are Deere & Company; Topcon Positioning Systems Inc.; Trimble Inc.; Raven Industries Inc.; AgJunction Inc.; Farmers Edge Inc.; AgEagle Aerial Systems; The Climate Corporation; OnFarm Systems Inc.; SlantRange Inc.; TELUS Agriculture Solutions Inc.; Ag Leader Technology; Autonomous Solutions Inc.; BouMatic Robotic B.V.; Helium Systems Inc.; Myriota Pty Ltd.; FarmInsect Ltd.; Orbital Insight Inc.; M5Stack Technology Co. Ltd.; KisanHub Ltd.; Amber Agriculture Inc.; Arable Labs Inc.; Sencrop SAS
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Agriculture IoT Market Top Region: Where Does Most Revenue Come From?
North America was the largest region in the agriculture IoT market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture iot market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
