The global market for Internet of Things in Precision Agriculture was valued at US$6.6 Billion in 2024 and is projected to reach US$17.2 Billion by 2030, growing at a CAGR of 17.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Internet of Things in Precision Agriculture market.
By combining sensor data with analytics, AI, and machine learning algorithms, farmers can fine-tune practices such as fertilizer application, irrigation scheduling, pest control, and harvest timing. The result is not only greater productivity and profitability but also reduced environmental impact. IoT systems help detect anomalies early - such as disease outbreaks or soil nutrient deficiencies - enabling targeted interventions and minimizing crop loss. As agriculture faces the dual challenges of feeding a growing global population and adapting to climate change, IoT is becoming a cornerstone technology for resilient, efficient, and scalable farming.
Multi-parameter sensors capable of measuring soil moisture, pH, temperature, nutrient levels, and crop growth indicators are becoming more compact, energy-efficient, and affordable. These sensors feed data into centralized platforms that use edge computing to process information locally and deliver actionable insights with minimal latency. The use of autonomous drones and robotic field vehicles is also on the rise, equipped with high-resolution cameras, multispectral imaging systems, and AI-driven pathfinding capabilities for real-time crop analysis and spraying.
Cloud-based dashboards and mobile apps give farmers user-friendly access to data visualizations, automated alerts, and decision-support tools. Integrations with farm management software and ERP systems allow for streamlined logistics, inventory tracking, and traceability. Moreover, predictive analytics based on historical and live data is improving the accuracy of yield forecasting, disease modeling, and climate adaptation strategies.
High-value crops such as fruits, vegetables, and vineyards are also driving adoption due to their sensitivity to environmental conditions and the economic impact of spoilage or suboptimal yields. Greenhouses and vertical farms are leveraging IoT for microclimate control, CO2 optimization, and hydroponic nutrient management. Livestock and dairy operations are integrating smart wearables and RFID systems to monitor animal health, behavior, and reproduction, further expanding the scope of IoT beyond crop farming.
Developed markets in North America and Europe are leading adoption due to advanced infrastructure, favorable government initiatives, and strong agritech ecosystems. However, emerging regions in Asia-Pacific, Latin America, and parts of Africa are increasingly investing in IoT-enabled solutions to modernize their agriculture, address water scarcity, and improve food security. Multinational agribusinesses, government-backed smart farming programs, and rural connectivity initiatives are playing key roles in expanding the global reach of IoT in agriculture.
Technological convergence with AI, machine learning, robotics, and big data analytics is enhancing the value proposition of IoT, enabling smarter decision-making and long-term farm optimization. The proliferation of affordable sensor networks, robust cloud platforms, and scalable connectivity solutions is lowering the barriers to entry for small and mid-sized farms. As climate volatility continues to impact agricultural output and global food supply chains, IoT-powered precision agriculture is emerging as a critical tool for ensuring food resilience, farmer profitability, and ecosystem stewardship across the globe.
Segments: Component (Hardware, Software, Services); System (Sensing System, Communication System, Cloud Computing, Data Management System); Application (Weather Tracking & Forecasting, Yield Monitoring & Farm Mapping, Crop Scouting, Irrigation Management, Other Applications).
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Internet of Things (IoT) in Precision Agriculture Market - Key Trends & Drivers Summarized
Why Is IoT Transforming the Landscape of Precision Agriculture Worldwide?
The integration of Internet of Things (IoT) technologies into precision agriculture is revolutionizing how farmers monitor, manage, and optimize crop production. IoT enables real-time data collection from interconnected devices - such as soil sensors, weather stations, drones, GPS-enabled machinery, and smart irrigation systems - which allows farmers to make data-driven decisions that enhance yield, reduce resource use, and improve sustainability. Unlike traditional farming, which relies heavily on intuition or periodic field inspections, precision agriculture powered by IoT offers continuous visibility into crop health, field conditions, equipment status, and weather dynamics.By combining sensor data with analytics, AI, and machine learning algorithms, farmers can fine-tune practices such as fertilizer application, irrigation scheduling, pest control, and harvest timing. The result is not only greater productivity and profitability but also reduced environmental impact. IoT systems help detect anomalies early - such as disease outbreaks or soil nutrient deficiencies - enabling targeted interventions and minimizing crop loss. As agriculture faces the dual challenges of feeding a growing global population and adapting to climate change, IoT is becoming a cornerstone technology for resilient, efficient, and scalable farming.
What Technological Advancements Are Accelerating the Adoption of IoT in Agriculture?
The IoT in precision agriculture is evolving rapidly due to advances in connectivity, sensor miniaturization, and cloud computing. Low-power wide-area networks (LPWAN) such as LoRaWAN, NB-IoT, and Sigfox are enabling long-range, cost-effective communication between field devices and data platforms, even in remote areas with limited cellular coverage. The integration of satellite connectivity is further enhancing remote monitoring capabilities for large-scale or geographically dispersed farms.Multi-parameter sensors capable of measuring soil moisture, pH, temperature, nutrient levels, and crop growth indicators are becoming more compact, energy-efficient, and affordable. These sensors feed data into centralized platforms that use edge computing to process information locally and deliver actionable insights with minimal latency. The use of autonomous drones and robotic field vehicles is also on the rise, equipped with high-resolution cameras, multispectral imaging systems, and AI-driven pathfinding capabilities for real-time crop analysis and spraying.
Cloud-based dashboards and mobile apps give farmers user-friendly access to data visualizations, automated alerts, and decision-support tools. Integrations with farm management software and ERP systems allow for streamlined logistics, inventory tracking, and traceability. Moreover, predictive analytics based on historical and live data is improving the accuracy of yield forecasting, disease modeling, and climate adaptation strategies.
Which Segments of the Agriculture Sector Are Leading IoT Adoption Globally?
Row crops such as wheat, corn, soybeans, and rice are among the largest beneficiaries of IoT in precision agriculture, given the scale and input-intensive nature of their cultivation. These crops require extensive monitoring for soil health, irrigation efficiency, and pest management - making them ideal for automation and remote sensing. IoT-based variable rate technology (VRT) is widely used in these systems to adjust seeding, fertilization, and spraying practices on a zone-by-zone basis within large fields.High-value crops such as fruits, vegetables, and vineyards are also driving adoption due to their sensitivity to environmental conditions and the economic impact of spoilage or suboptimal yields. Greenhouses and vertical farms are leveraging IoT for microclimate control, CO2 optimization, and hydroponic nutrient management. Livestock and dairy operations are integrating smart wearables and RFID systems to monitor animal health, behavior, and reproduction, further expanding the scope of IoT beyond crop farming.
Developed markets in North America and Europe are leading adoption due to advanced infrastructure, favorable government initiatives, and strong agritech ecosystems. However, emerging regions in Asia-Pacific, Latin America, and parts of Africa are increasingly investing in IoT-enabled solutions to modernize their agriculture, address water scarcity, and improve food security. Multinational agribusinesses, government-backed smart farming programs, and rural connectivity initiatives are playing key roles in expanding the global reach of IoT in agriculture.
The Growth in the IoT in Precision Agriculture Market Is Driven by Several Factors
The growth in the IoT in precision agriculture market is driven by several factors including rising demand for food production efficiency, labor shortages in farming, and the increasing need to manage agricultural inputs with precision. Environmental concerns related to water scarcity, soil degradation, and carbon emissions are encouraging the adoption of technology that enables sustainable farming practices. Governments and international agencies are also supporting digital agriculture initiatives with subsidies, infrastructure development, and research funding.Technological convergence with AI, machine learning, robotics, and big data analytics is enhancing the value proposition of IoT, enabling smarter decision-making and long-term farm optimization. The proliferation of affordable sensor networks, robust cloud platforms, and scalable connectivity solutions is lowering the barriers to entry for small and mid-sized farms. As climate volatility continues to impact agricultural output and global food supply chains, IoT-powered precision agriculture is emerging as a critical tool for ensuring food resilience, farmer profitability, and ecosystem stewardship across the globe.
Report Scope
The report analyzes the Internet of Things in Precision Agriculture market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Component (Hardware, Software, Services); System (Sensing System, Communication System, Cloud Computing, Data Management System); Application (Weather Tracking & Forecasting, Yield Monitoring & Farm Mapping, Crop Scouting, Irrigation Management, Other Applications).
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the IoT Hardware segment, which is expected to reach US$11.1 Billion by 2030 with a CAGR of a 18.6%. The IoT Software segment is also set to grow at 15.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.7 Billion in 2024, and China, forecasted to grow at an impressive 16.2% CAGR to reach $2.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Internet of Things in Precision Agriculture Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Internet of Things in Precision Agriculture Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Internet of Things in Precision Agriculture Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Ag Leader Technology, AGCO Corporation, AgEagle Aerial Systems Inc., Climate LLC, CNH Industrial N.V. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 48 companies featured in this Internet of Things in Precision Agriculture market report include:
- Ag Leader Technology
- AGCO Corporation
- AgEagle Aerial Systems Inc.
- Climate LLC
- CNH Industrial N.V.
- CropIn Technology Solutions
- CropMetrics LLC
- CropX Inc.
- Deere & Company
- Descartes Labs, Inc.
- Farmers Edge Inc.
- Granular Inc.
- Hexagon AB
- John Deere
- Raven Industries, Inc.
- Spensa Technologies
- Teralytic
- Topcon Positioning Systems
- Trimble Inc.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What's Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ag Leader Technology
- AGCO Corporation
- AgEagle Aerial Systems Inc.
- Climate LLC
- CNH Industrial N.V.
- CropIn Technology Solutions
- CropMetrics LLC
- CropX Inc.
- Deere & Company
- Descartes Labs, Inc.
- Farmers Edge Inc.
- Granular Inc.
- Hexagon AB
- John Deere
- Raven Industries, Inc.
- Spensa Technologies
- Teralytic
- Topcon Positioning Systems
- Trimble Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | May 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 6.6 Billion |
| Forecasted Market Value ( USD | $ 17.2 Billion |
| Compound Annual Growth Rate | 17.2% |
| Regions Covered | Global |
