Smart Agriculture Market Summary

The global smart agriculture market size was estimated at USD 25.36 billion in 2024 and is projected to reach USD 54.71 billion by 2030, growing at a CAGR of 13.9% from 2025 to 2030. This strong growth reflects the increasing adoption of advanced technologies aimed at improving agricultural productivity and sustainability. Rising automation of commercial greenhouses and the growing implementation of controlled environment agriculture concepts are key factors driving market demand, as growers seek higher yields, reduced resource consumption, and the ability to maintain optimal growing conditions throughout the production cycle.

Growers are increasingly recognizing the advantages of greenhouse cultivation, which is accelerating commercial development across regions. Controlled environment agriculture allows for precise management of temperature, humidity, lighting, and nutrient delivery, leading to improved crop quality and consistency. As part of this transition, growers are shifting toward easily integrated LED grow lights for greenhouse and indoor farming applications. Although the initial investment in LED systems can be relatively high, their superior energy efficiency, longer lifespan, and lower operating costs make them well suited for long-term indoor and greenhouse farming operations.

Key Market Trends & Insights

  • North America accounted for the largest revenue share of over 43.0% in 2024. The region’s dominance is driven by early adoption of smart farming technologies, strong investment in agricultural innovation, and the presence of advanced greenhouse and precision farming operations.
  • The smart agriculture industry in the U.S. is expected to grow at a significant CAGR over the forecast period. Growth in the U.S. is supported by increasing labor shortages, rising demand for high-quality produce, and government initiatives promoting technology-driven farming practices.
  • By offering, the hardware segment held the largest market share of over 66.0% in 2024. This dominance is attributed to widespread deployment of sensors, automation systems, drones, irrigation controllers, and greenhouse equipment that form the foundation of smart agriculture solutions.
  • The precision farming application segment led the market with a revenue share of over 46.0% in 2024. Precision farming enables data-driven decision-making through real-time monitoring and analytics, helping farmers optimize inputs, improve yields, and reduce operational costs.

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Market Size & Forecast

  • 2024 Market Size: USD 25.36 Billion
  • 2030 Projected Market Size: USD 54.71 Billion
  • CAGR (2025-2030): 13.9%
  • North America: Largest market in 2024

Key Companies & Market Share Insights

Some of the key players operating in the market include Trimble, Inc., AGCO Corporation, and Deere and Company, among others are some of the leading participants in the smart agriculture industry.

  • AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.
  • Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery, drivetrains, and diesel engines for heavy equipment, and lawn care machinery. Additionally, the Company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the market.

  • Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.
  • Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives.

Key Players

  • 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

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Conclusion

The smart agriculture market is poised for rapid growth as farmers increasingly adopt technology-driven solutions to enhance productivity and sustainability. Automation, controlled environment agriculture, and precision farming are transforming traditional agricultural practices. North America, led by the U.S., continues to dominate due to strong investment and technological advancement. The prominence of hardware solutions and precision farming applications highlights the industry’s focus on data accuracy and operational efficiency. As global food demand rises and resource constraints intensify, smart agriculture technologies will play a crucial role in enabling efficient, resilient, and future-ready agricultural systems worldwide.