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Internet Of Things (IoT) In Precision Agriculture Market Growth Potential: How Will Market Size Shift Through 2030?
The internet of things (iot) in precision agriculture market size has seen rapid growth in recent years. This market is expected to expand from $8.41 billion in 2025 to $10.04 billion in 2026, achieving a compound annual growth rate (CAGR) of 19.3%. The market’s past growth is primarily due to increased smart farming adoption, growing demand for water conservation, broader usage of agricultural sensors, government initiatives supporting agri-tech, and a rise in farm automation.
The internet of things (iot) in precision agriculture market size is projected for substantial expansion in the next few years. It is anticipated to reach $20.17 billion in 2030, demonstrating a compound annual growth rate (CAGR) of 19.1%. This projected growth throughout the forecast period stems from factors such as the integration of AI-powered crop analytics, the adoption of autonomous agricultural machinery, the expansion of climate-smart agriculture practices, the proliferation of cloud-based farm platforms, and an increasing demand for yield optimization. Key trends anticipated during this period encompass smart irrigation systems, real-time crop monitoring, precision farming analytics, the integration of automated farm equipment, and remote field management.
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Internet Of Things (IoT) In Precision Agriculture Market Growth Backed By Core Demand Fundamentals
The increasing global demand for food is projected to drive the expansion of the internet of things (IoT) in precision agriculture market. This surge in global food demand stems from factors such as population growth, urbanization, and changing dietary patterns, with higher incomes also contributing to greater consumption of resource-intensive foods. IoT in precision agriculture effectively boosts food production by utilizing smart sensors to monitor crops and resources efficiently, leading to enhanced yields, reduced waste, and more sustainable farming practices to meet the worldwide food requirement. For instance, in April 2024, the Global Report on Food Crises 2024 from the Italy-based World Food Programme revealed that nearly 282 million people across 59 countries experienced high levels of acute food insecurity in 2023, underscoring the urgent need for effective and sustainable agricultural methods. Hence, the rising global food demand is a key factor propelling the growth of the internet of things (IoT) in precision agriculture market.
Internet Of Things (IoT) In Precision Agriculture Market Segment Analysis And Revenue Potential
The internet of things (iot) in precision agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By System: Sensing System, Cloud Computing, Other Systems
3) By Application: Weather Tracking And Forecasting, Yield Monitoring And Farm Mapping, Crop Scouting, Irrigation Management, Other Applications
Subsegments:
1) By Hardware: Sensors, Drones, Global Positioning System (GPS) Devices, Smart Irrigation Systems, Control Systems, Cameras, Automation And Control Systems
2) By Software: Farm Management Software, Data Analytics Software, Remote Monitoring Software, Predictive Modeling Software, Cloud-Based Software, Mapping Software
3) By Services: System Integration Services, Managed Services, Professional Services, Consulting Services, Support And Maintenance Services, Connectivity Services
Internet Of Things (IoT) In Precision Agriculture Market Growth Trends Reshaping The Competitive Landscape
Leading enterprises within the internet of things (IoT) in precision agriculture market are concentrating on developing innovative products, such as artificial intelligence (AI) integrated farm management platforms, to enhance real-time decision-making and optimize resource allocation. These AI-driven smart farm applications empower farmers to track crop health, soil conditions, and environmental variables, fostering more efficient and sustainable agricultural practices. A notable example occurred in March 2025, when ARB IOT Group Limited, an IoT solutions provider based in Singapore, unveiled an AI-powered smart agriculture drone designed to boost precision in farming operations. This new drone combines artificial intelligence with IoT capabilities to monitor crop health, evaluate soil conditions, and streamline the application of pesticides and fertilizers, thereby promoting resource efficiency and sustainable farming. Its objective is to assist farmers in achieving better yield results while simultaneously lowering operational expenses and environmental footprint.
Internet Of Things (IoT) In Precision Agriculture Market Key Players Shaping Industry Direction
Major companies operating 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.
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Internet Of Things (IoT) In Precision Agriculture Market Regional Split: Which Areas Are Fueling Growth?
North America was the largest region in the internet of things (IoT) in precision agriculture market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (iot) in precision agriculture 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.
