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Internet Of Things (IoT) In Precision Agriculture Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The market size for the internet of things (IoT) in precision agriculture has experienced rapid expansion in recent years. It is forecast to grow from $8.41 billion in 2025 to $10.04 billion in 2026, reflecting a compound annual growth rate (CAGR) of 19.3%. The historical period’s growth can be linked to factors such as increased smart farming adoption, a rising demand for water conservation, broader use of agricultural sensors, governmental support for agri-tech, and a general increase in farm automation.
The market for the internet of things (IoT) in precision agriculture is projected to expand quickly over the coming years. This market is forecast to reach $20.17 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.1%. The anticipated growth during this period stems from factors such as the incorporation of AI-powered crop analytics, the uptake of autonomous agricultural machinery, the spread of climate-smart farming techniques, the increase in cloud-based farm platforms, and a growing need for yield optimization. Key trends foreseen for this forecast period encompass smart irrigation technologies, live crop monitoring, analytical tools for precision farming, the integration of automated farm equipment, and the management of fields remotely.
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Internet Of Things (IoT) In Precision Agriculture Market Expansion Supported By Key Demand Factors
The increasing global food demand is poised to propel the internet of things (IoT) in precision agriculture market forward. This escalating global food demand stems from population growth, urbanization, and shifting dietary habits, with higher incomes also leading to greater consumption of resource-intensive foods. IoT in precision agriculture enhances food production through the use of smart sensors to efficiently monitor crops and resources, resulting in improved yields, reduced waste, and more sustainable farming practices to help meet worldwide food demand. For instance, in April 2024, the Global Report on Food Crises 2024 by the World Food Programme, an Italy-based humanitarian organization, indicated that in 2023, approximately 282 million people across 59 countries encountered high levels of acute food insecurity, underscoring the critical need for efficient and sustainable agricultural methods. Consequently, the rising global food demand is driving the growth of the internet of things (IoT) in precision agriculture market.
Internet Of Things (IoT) In Precision Agriculture Market Segment Landscape: Which Areas Lead Market Development?
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 Strategic Trends: What Is Defining The Next Phase Of Growth?
Leading companies active in the internet of things (IoT) in precision agriculture market are concentrating on creating innovative solutions, such as artificial intelligence (AI) integrated farm management platforms, to improve real-time decision-making and resource optimization. AI-driven smart farm applications enable farmers to monitor crop health, soil conditions, and environmental factors, which contributes to more efficient and sustainable farming practices. For instance, in March 2025, ARB IOT Group Limited, a Singapore-based Internet of Things (IoT) solutions provider, introduced an AI-powered smart agriculture drone developed to enhance precision in farming. This new drone incorporates artificial intelligence with IoT capabilities to monitor crop health, assess soil conditions, and optimize pesticide and fertilizer usage, thus promoting resource efficiency and sustainable farming. Its goal is to support farmers in increasing yield outcomes while decreasing operational costs and environmental impact.
Internet Of Things (IoT) In Precision Agriculture Market Industry Leaders And Market Competition
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 Outlook: Where Are The Largest Opportunities Located?
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.