Connected Agriculture Market Size, Share & Trends Analysis Report, 2030

 


Connected Agriculture Market Size & Trends

The global connected agriculture market size was estimated at USD 4.95 billion in 2023 and is projected to grow at a CAGR of 16.9% from 2024 to 2030. The global market is experiencing robust growth due to factors such as increasing food demand, technological advancements, government support, the need for climate resilience, and a strong focus on sustainability. Connected agriculture refers to the integration of digital and communication technologies, such as the Internet of Things (IoT), big data, mobile devices, and cloud computing, into agricultural practices.

Connected Agriculture offers numerous benefits, such as enhanced efficiency, resource optimization, and improved traceability and food safety. Automating and optimizing farming practices reduces the need for manual labor, lowers costs, and increases output. Moreover, connected agriculture systems enable detailed tracking of food products from farm to table, improving traceability and ensuring food safety. They also ensure the efficient use of resources like water, fertilizers, and energy, reducing environmental impact.

The proliferation of mobile devices and improved internet connectivity in rural areas are making it easier for farmers to access connected agriculture solutions, including mobile apps for farm management, weather forecasts, and market prices. Mobile platforms are facilitating better communication between farmers, suppliers, and buyers, enhancing market access and price transparency.

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Regional Insights

North America connected agriculture market dominated the global market and accounted for a revenue share of over 37.0% in 2023. The market's growth in the region is attributed to the high technology adoption and the availability of advanced connectivity infrastructure in the region. North America has extensive high-speed internet coverage and, advanced IoT connectivity, and growing connectivity in rural and agricultural areas. This infrastructure supports the deployment of connected agriculture solutions, enabling seamless data transmission and real-time monitoring of farm operations.

U.S. Connected Agriculture Market Trends
The connected agriculture market in the U.S. is expected to grow at a CAGR of 15.9% from 2024 to 2030. The market's growth in the country is attributed to the need to enhance efficiency and increase agricultural output in the country. According to the U.S. Department of Agriculture (USDA), in 2023, agriculture, food, and related industries contributed approximately USD 1.5 trillion to the country's gross domestic product (GDP), representing 5.6% of the total GDP. The adoption of connected agriculture solutions and services can further drive the agricultural output in the country.

Key Connected Agriculture Companies:
The following are the leading companies in the connected agriculture market. These companies collectively hold the largest market share and dictate industry trends.

Deere & Company
Trimble Inc.
AGCO Corporation
BASF SE
Bayer AG
Hexagon AB
Topcon
Sentera
Farmers Edge Inc.
CLAAS KGaA mbH

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/connected-agriculture-market-report

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