IoT in Agriculture Market Size, Share 2020, Impressive Industry Growth Report 2027

Internet of Things (IoT) technology is expected to play an important role in increasing agricultural productivity today to meet the growing demand for food. IoT in the agricultural industry integrates IoT-based advanced technology tools, systems, equipment and solutions to increase operational efficiency, maximize yield, and minimize energy waste through real-time field data collection, data storage, data analysis and control development. platform. A variety of IoT-based applications such as precision agriculture, livestock monitoring, smart greenhouse and farm monitoring are expected to play an important role in speeding up agricultural processes. IoT technology can connect farms through a single platform, share, store and analyze information, making them more intelligent, solving agricultural-based problems and optimizing the quantity and quality of agricultural production. The global IoT in the agricultural market is expected to grow at a remarkable CAGR of 14% from 2021 to 2027 due to reduced technology costs as a result of continuous R&D on IoT and efforts from governments around the world. The quality and quantity of agricultural production.

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Key Market Players

Deere & Company (US), Trimble (US), Raven Industries (US), AGCO Corporation (AGCO) (US), AgJunction Inc. (AgJunction) (US), DeLaval (Sweden), GEA Farm Technology (Germany), Lely (Netherlands), Antelliq (France), AG Leader Technology (AG Leader) (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland), Topcon Positioning Systems (US), and DICKEY-john Corporation (US) are some of the major players in agriculture IoT market. 

IoT in Agriculture Market Segmentation

By System

  • Automation and control systems
  • Sensing and monitoring devices
  • Livestock monitoring Hardware
  • Fish farming hardware
  • Smart greenhouse hardware
  • Software

By Application

  • Precision farming
  • Livestock monitoring
  • Smart greenhouse
  • Fish farm monitoring

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by IoT in Agriculture Market Report

  • What was the IoT in Agriculture Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
  • What will be the CAGR of IoT in Agriculture Market during the forecast period (2021-2027)?
  • Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
  • Which manufacturer/vendor/players in the IoT in Agriculture Market was the market leader in 2018?
  • Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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