Internet of Things (IoT) in Precision Agriculture Market Report 2026

The internet of things (iot) in precision agriculture market size has grown rapidly in recent years. It will grow from $8.41 billion in 2025 to $10.04 billion in 2026 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to growth in smart farming adoption, rising demand for water conservation, expansion of agricultural sensor usage, government support for agri-tech, increase in farm automation.

The internet of things (iot) in precision agriculture market size is expected to see rapid growth in the next few years. It will grow to $20.17 billion in 2030 at a compound annual growth rate (CAGR) of 19.1%. The growth in the forecast period can be attributed to integration of AI-powered crop analytics, adoption of autonomous agricultural machinery, expansion of climate-smart agriculture practices, growth in cloud-based farm platforms, rising demand for yield optimization. Major trends in the forecast period include smart irrigation systems, real-time crop monitoring, precision farming analytics, automated farm equipment integration, remote field management.

The growing global demand for food is expected to propel the expansion of the Internet of Things (IoT) in precision agriculture in the coming years. The rise in food demand is driven by population growth, urbanization, and changing dietary patterns, along with higher incomes that contribute to the increased consumption of resource-intensive foods. IoT in precision agriculture helps boost food production by using smart sensors to monitor crops and resources efficiently, leading to higher yields, reduced waste, and more sustainable farming practices, which are essential to meet global food demands. For example, in April 2024, the Global Report on Food Crises 2024, published by the World Food Programme, a humanitarian organization based in Italy, highlighted that in 2023, nearly 282 million people in 59 countries faced high levels of acute food insecurity, emphasizing the urgent need for efficient and sustainable agricultural methods. Therefore, the rising global food demand is driving the growth of the IoT in precision agriculture market.

Key players in the IoT in precision agriculture market are focusing on developing innovative solutions, such as artificial intelligence (AI)-integrated farm management platforms, to enhance real-time decision-making and optimize resource use. AI-powered smart farming applications help farmers monitor crop health, soil conditions, and environmental factors, promoting more efficient and sustainable farming practices. For instance, in March 2025, ARB IoT Group Limited, a Singapore-based IoT solutions provider, launched an AI-powered smart agriculture drone designed to improve precision in farming practices. This drone integrates AI with IoT capabilities to monitor crop health, assess soil conditions, and optimize pesticide and fertilizer usage, supporting resource efficiency and sustainable agriculture. Its goal is to assist farmers in improving yield outcomes while lowering operational costs and environmental impact.

In July 2023, Deere & Company, a US-based agricultural machinery manufacturer, acquired Smart Apply for an undisclosed amount. This acquisition aims to enhance John Deere's precision agriculture capabilities by supporting sustainable farming through targeted spraying solutions, in line with the company's strategy to reduce chemical usage and improve operational efficiency in specialty crop applications. Smart Apply, a US-based agri-tech startup, provides data-driven precision spraying technology for orchards, vineyards, and tree nurseries.

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.

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. The countries covered in the internet of things (iot) in precision agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have impacted the precision agriculture IoT market by increasing costs of imported sensors, drones, GPS devices, and smart irrigation equipment. These effects are most prominent in Asia-Pacific and Latin American agricultural economies. Higher equipment prices have slowed adoption among small and medium farmers. However, tariffs are encouraging local manufacturing of agri-tech hardware and expanding adoption of software-based farm management platforms, improving long-term sustainability and digital adoption.

The internet of things (iot) in precision agriculture market research report is one of a series of new reports that provides internet of things (iot) in precision agriculture market statistics, including internet of things (iot) in precision agriculture industry global market size, regional shares, competitors with a internet of things (iot) in precision agriculture market share, detailed internet of things (iot) in precision agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (iot) in precision agriculture industry. This internet of things (iot) in precision agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Internet of Things (IoT) in precision agriculture refers to the use of interconnected devices, sensors, and technologies to collect, transmit, and analyze data related to farming activities. These technologies enable farmers to monitor and manage agricultural operations in real-time with high precision, leading to optimized resource use, higher crop yields, reduced environmental impact, and enhanced decision-making.

The main components of IoT in precision agriculture are hardware, software, and services. Hardware consists of physical IoT devices such as sensors, drones, actuators, and weather stations deployed on farms. These devices are crucial for data acquisition and control. They are integrated into various systems, including sensing systems and cloud computing, and are used in applications such as weather tracking and forecasting, yield monitoring and farm mapping, crop scouting, irrigation management, and more.

The internet of things (IoT) in precision agriculture market includes revenues earned by entities by provide soil monitoring, smart irrigation systems, and crop health monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The internet of things (IoT) in precision agriculture market also includes sales of soil sensors, drones, smart irrigation systems, and data management platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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