Global Smart Agriculture Tools
Market Report
2025
The global Smart Agriculture Tools Market size will be USD 16514.5 million in 2024. Rising adoption of IoT, ROVs, and AI in aquaculture farming is expected to boost sales to USD 28671.88 million by 2031, with a Compound Annual Growth Rate (CAGR) of 8.20% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Smart Agriculture Tools Market size will be USD 16514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Smart Agriculture Tools Market Sales Revenue | 121212 | $ 16514.5 Million | 121212 | 121212 | 121212 | 8.2% |
North America Smart Agriculture Tools Market Sales Revenue | 121212 | $ 6605.8 Million | 121212 | 121212 | 121212 | 6.4% |
Mexico Smart Agriculture Tools Market Sales Revenue | 121212 | $ 601.13 Million | 121212 | 121212 | 121212 | 6.9% |
Canada Smart Agriculture Tools Market Sales Revenue | 121212 | $ 792.7 Million | 121212 | 121212 | 121212 | 7.2% |
United States Smart Agriculture Tools Market Sales Revenue | 121212 | $ 5211.98 Million | 121212 | 121212 | 121212 | 6.2% |
Europe Smart Agriculture Tools Market Sales Revenue | 121212 | $ 4954.35 Million | 121212 | 121212 | 121212 | 6.7% |
Germany Smart Agriculture Tools Market Sales Revenue | 121212 | $ 980.96 Million | 121212 | 121212 | 121212 | 6.9% |
France Smart Agriculture Tools Market Sales Revenue | 121212 | $ 455.8 Million | 121212 | 121212 | 121212 | 5.9% |
Spain Smart Agriculture Tools Market Sales Revenue | 121212 | $ 406.26 Million | 121212 | 121212 | 121212 | 5.8% |
United Kingdom Smart Agriculture Tools Market Sales Revenue | 121212 | $ 832.33 Million | 121212 | 121212 | 121212 | 7.5% |
Russia Smart Agriculture Tools Market Sales Revenue | 121212 | $ 767.92 Million | 121212 | 121212 | 121212 | 5.7% |
Italy Smart Agriculture Tools Market Sales Revenue | 121212 | $ 426.07 Million | 121212 | 121212 | 121212 | 6.1% |
Rest of Europe Smart Agriculture Tools Market Sales Revenue | 121212 | $ 767.92 Million | 121212 | 121212 | 121212 | 5.4% |
Asia Pacific Smart Agriculture Tools Market Sales Revenue | 121212 | $ 3798.34 Million | 121212 | 121212 | 121212 | 10.2% |
India Smart Agriculture Tools Market Sales Revenue | 121212 | $ 455.8 Million | 121212 | 121212 | 121212 | 12% |
Korea Smart Agriculture Tools Market Sales Revenue | 121212 | $ 379.83 Million | 121212 | 121212 | 121212 | 9.3% |
Japan Smart Agriculture Tools Market Sales Revenue | 121212 | $ 524.17 Million | 121212 | 121212 | 121212 | 8.7% |
China Smart Agriculture Tools Market Sales Revenue | 121212 | $ 1709.25 Million | 121212 | 121212 | 121212 | 9.7% |
Australia Smart Agriculture Tools Market Sales Revenue | 121212 | $ 197.51 Million | 121212 | 121212 | 121212 | 9.9% |
Rest of APAC Smart Agriculture Tools Market Sales Revenue | 121212 | $ 269.68 Million | 121212 | 121212 | 121212 | 10% |
South America Smart Agriculture Tools Market Sales Revenue | 121212 | $ 825.73 Million | 121212 | 121212 | 121212 | 7.6% |
Brazil Smart Agriculture Tools Market Sales Revenue | 121212 | $ 353.41 Million | 121212 | 121212 | 121212 | 8.2% |
Chile Smart Agriculture Tools Market Sales Revenue | 121212 | $ 59.45 Million | 121212 | 121212 | 121212 | 7.9% |
Peru Smart Agriculture Tools Market Sales Revenue | 121212 | $ 67.71 Million | 121212 | 121212 | 121212 | 7.8% |
Colombia Smart Agriculture Tools Market Sales Revenue | 121212 | $ 73.49 Million | 121212 | 121212 | 121212 | 7.4% |
Argentina Smart Agriculture Tools Market Sales Revenue | 121212 | $ 138.72 Million | 121212 | 121212 | 121212 | 8.5% |
Rest of South America Smart Agriculture Tools Market Sales Revenue | 121212 | $ 132.94 Million | 121212 | 121212 | 121212 | 6.7% |
Middle East and Africa Smart Agriculture Tools Market Sales Revenue | 121212 | $ 330.29 Million | 121212 | 121212 | 121212 | 7.9% |
Egypt Smart Agriculture Tools Market Sales Revenue | 121212 | $ 34.68 Million | 121212 | 121212 | 121212 | 8.2% |
Turkey Smart Agriculture Tools Market Sales Revenue | 121212 | $ 28.4 Million | 121212 | 121212 | 121212 | 7.4% |
Rest of MEA Smart Agriculture Tools Market Sales Revenue | 121212 | $ 38.97 Million | 121212 | 121212 | 121212 | 6.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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List of Competitors |
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Smart Agriculture Tools Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Advanced technologies like IoT, sensors, robots, artificial intelligence, and positioning systems are used in smart agriculture to maximize resource consumption and streamline procedures. It aims to optimize labor, save operating costs, and increase crop quality and quantity. Owners can make better judgments for their operations with the help of data gathered from farm gadgets. The agricultural sector could undergo major change as a result of the smart agriculture market. Farmers may increase output, lower costs, and contribute to food security by utilizing cutting-edge technologies, making optimal use of resources, and making well-informed decisions. Real-time information on insect infestations, weather patterns, crop health, and soil conditions enables farmers to reduce losses, maximize resource use, and take prompt action. In addition to increasing output and decreasing waste, this data-driven strategy supports more effective and sustainable farming methods.
In July 2023, Smart Apply, Inc. was acquired by Deere & Company. The business intended to use Smart Apply's precision spraying technology to help growers deal with issues related to labor expenses, input costs, legal requirements, and environmental objectives. (Source: https://www.deere.com/en/news/all-news/john-deere-acquires-smart-apply/)
Solar power is a key market driver for the Smart Agriculture sector since technological developments have drastically lowered its cost. With a 90% reduction in the Levelized Cost of Electricity (LCOE) from ten cents to roughly one to two cents per kilowatt-hour in places like Africa, solar energy is now much more inexpensive and clean. Farmers are able to adopt smart agricultural solutions because of this financial advantage, which propels the integration of solar technology into farming practices. With an efficiency of 24.4% and a 6.5–8% increase in power generation on the same land area, LONGi's Hi-MO 9 module highlights the advancements in solar technology and firmly establishes itself as a viable and attractive option for supplying electricity for agricultural activities. The adoption of smart agricultural technologies is accelerating due to cost reductions and increased energy requirements in the agriculture industry.
The Smart Agriculture business is mostly driven by the use of digital, smart, and precision agricultural technologies. Since more than 80% of the world's half-billion farms are smaller than two hectares and are located in low-income nations, there is a significant chance for technology-driven growth. Even though they are tiny, these farms contribute significantly to the world's food production; in Asia and sub-Saharan Africa, they provide 80% of the food supply. By utilizing technologies like drones, sensors, digital platforms, and smartphone apps to close information gaps and maximize efficiency, these farms may become much more productive. These developments have already benefited large farms in developed countries, but there is still a great deal of opportunity to revolutionize small-scale farming in developing countries.
In vulnerable regions like Madagascar, the escalating climate catastrophe poses a significant challenge to smart agriculture. Extreme weather events, such as cyclones and droughts, disrupt livelihoods, food security, and agricultural productivity. In order to expand their property, farmers resort to deforestation, which feeds a vicious cycle that exacerbates climate change. Deforestation and climate change work together to hinder the adoption of sustainable farming methods and lessen the impact of creative agricultural solutions. The problem is made more apparent by the fact that about one-third of Madagascar's population faces food insecurity, underscoring the urgent need for robust and flexible agricultural practices.
The market for smart agriculture equipment was significantly impacted by the COVID-19 outbreak. Production and distribution were initially hampered by manpower shortages and supply chain disruptions. However, as farmers looked for ways to increase productivity and lessen their reliance on manual labor, the pandemic hastened the introduction of smart agricultural technologies. Due to their ability to control operations remotely and optimize resource utilization, automated systems, drones, sensors, and IoT-based solutions have become increasingly popular. The crisis also brought attention to the need for more sustainable and resilient farming methods, which increased interest in smart agriculture solutions. Overall, despite obstacles, the market grew over time as a result of rising automation demands.
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In the Smart Agriculture Tools Market's competitive landscape, numerous key competitors are driving innovation and growth. Leading companies are concentrating on a number of crucial business tactics, including joint ventures, product breakthroughs, mergers and acquisitions, and partnerships, in order to broaden their product lines and boost their market shares in various geographical areas.
In January 2023, SICK, Inc. and ASI Logistics jointly announced the successful deployment of autonomous yard truck operations. ASI Logistics utilized SICK's industry-leading LiDAR systems in conjunction with its innovative Vehicle Automation Kit (VAK) in this partnership. (Source: https://www.sick.com/us/en/asi-and-sick-optimize-and-automate-yard-operations/w/press-ASiSICKPR/) In April 2023, Hexagon and AGCO Corporation announced a strategic partnership aimed at expanding AGCO's factory-fit and aftermarket guiding services. It was intended for the new guidance system to be marketed as the Fuse Guide for Massey Ferguson and Valtra tractors. (Source: https://news.agcocorp.com/2023-04-24-AGCO-and-Hexagon-Agree-to-Expand-Distribution-of-Hexagons-Ag-Guidance-Systems) In February 2023, Transplanting Control is a superb guiding control system for specialist farmers that Topcon Agriculture recently announced. Increased productivity, lower labor costs, and increased efficiency were the goals of this turnkey solution. Perennial tree, vegetable, and fruit growers benefit from its GNSS-driven navigation, autosteering, and control capabilities. (Source: https://www.businesswire.com/news/home/20230228006012/en/Topcon-Launches-Transplanting-Guidance-and-Control-Technology-for-Specialty-Farmers)
Top Companies Market Share in Smart Agriculture Tools Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Smart Agriculture Tools market, and the region is expected to have significant growth during the projected period. This is due to the region's expanding government efforts and regulations aimed at improving the region's agriculture business.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Regional demand is anticipated to be driven by the expanding government assistance and increased awareness among farmers, despite the fact that smart farming is still in its adoption stage in this region.
The current report Scope analyzes Smart Agriculture Tools Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Smart Agriculture Tools Market size was estimated at USD 16514.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6605.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global Smart Agriculture Tools Market size was estimated at USD 16514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4954.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
According to Cognitive Market Research, the global Smart Agriculture Tools Market size was estimated at USD 16514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3798.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
According to Cognitive Market Research, the global Smart Agriculture Tools Market size was estimated at USD 16514.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 825.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
According to Cognitive Market Research, the global Smart Agriculture Tools Market size was estimated at USD 16514.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 330.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031..
Global Smart Agriculture Tools Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Smart Agriculture Tools Industry growth. Smart Agriculture Tools market has been segmented with the help of its Type Outlook:, Application Outlook: Component Outlook:, and others. Smart Agriculture Tools market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Smart Agriculture Tools Market?
According to Cognitive Market Research, Precision Farming are likely to dominate the Smart Agriculture Tools Market over the forecast period. Precision farming has grown because of its advantages. With the aid of sensing and monitoring tools, precision farming maximizes the amount of water and fertilizer utilized to produce the crop. In order to maximize crop productivity, this style of farming uses precisely the right amount of water, fertilizer, and pesticides.
The Livestock Monitoring is the fastest-growing segment in the Smart Agriculture Tools Market. Market participants have been advised to concentrate on new product launches and significant cost reductions related to livestock monitoring management by factors like the growing size of dairy farms and emerging technical developments like precision livestock monitoring.
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According to Cognitive Market Research, the Obstacle Detection segment holds the largest share of the market, makes it possible for autonomous machinery, including tractors and drones, to go through fields effectively by recognizing and avoiding impediments.
In the Smart Agriculture Tools Market, the Tractor Collision has been expanding at a rapid pace. By identifying adjacent objects or vehicles, the tractor collision sector of smart agriculture tools uses sensors, cameras, and artificial intelligence (AI) systems to prevent accidents..
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According to Cognitive Market Research, the hardware segment holds the largest market share. Because of its crucial function in facilitating data gathering, automation, networking, and control systems for increased production and efficiency, the category has a sizable market share.
In the Smart Agriculture Tools Market, the rapidly growing sector is the service category. The need for specialist services for smart agriculture has increased as a result of the increasing deployment and installation of robotic systems, field and animal monitoring systems, and precision feeding systems in farms.
Research Associate at Cognitive Market Research
Pratik Shirsath is an accomplished Research Analyst with extensive expertise in the agriculture sector, bringing over one years of experience in market research and analysis. Pratik specializes in secondary research, competitive benchmarking, and data-driven insights that empower organizations to make strategic decisions and achieve their goals.
In his current role, Pratik leads research projects focused on the agriculture sector, driving initiatives that identify emerging market trends, assess competitive landscapes, and uncover growth opportunities. His proficiency in designing effective research methodologies and translating complex data into actionable strategies has consistently supported his organization’s objectives.
Pratik's dedication to delivering high-quality research and his in-depth knowledge of the agriculture industry have made him a trusted resource for his team and stakeholders. Passionate about innovation and sustainability in agriculture, he remains committed to advancing his expertise to navigate the evolving challenges and opportunities in the sector.
Conclusion
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Type Outlook: | Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse |
Application Outlook: | Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology, Premises Surveillance, Premises Surveillance |
Component Outlook: | Hardware, Software, Services |
List of Competitors | Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System |
This chapter will help you gain GLOBAL Market Analysis of Smart Agriculture Tools. Further deep in this chapter, you will be able to review Global Smart Agriculture Tools Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Smart Agriculture Tools. Further deep in this chapter, you will be able to review North America Smart Agriculture Tools Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Smart Agriculture Tools. Further deep in this chapter, you will be able to review Europe Smart Agriculture Tools Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Smart Agriculture Tools. Further deep in this chapter, you will be able to review Asia Pacific Smart Agriculture Tools Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Smart Agriculture Tools. Further deep in this chapter, you will be able to review South America Smart Agriculture Tools Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Smart Agriculture Tools. Further deep in this chapter, you will be able to review Middle East and Africa Smart Agriculture Tools Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Smart Agriculture Tools. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Component Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Smart Agriculture Tools market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Precision Farming have a significant impact on Smart Agriculture Tools market? |
What are the key factors affecting the Precision Farming and Livestock Monitoring of Smart Agriculture Tools Market? |
What is the CAGR/Growth Rate of Automated Machinery Guidance Control during the forecast period? |
By type, which segment accounted for largest share of the global Smart Agriculture Tools Market? |
Which region is expected to dominate the global Smart Agriculture Tools Market within the forecast period? |
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