The Business Research Company | 09-24-2026
https://www.openpr.com/news/4642585/internet-of-things-iot-in-precision-agriculture-market-report
The integration of Internet of Things (IoT) technology in precision agriculture is transforming the way farming is conducted, offering smarter and more efficient solutions for crop management. As these innovations continue to evolve, the market is witnessing rapid expansion driven by advanced technologies and growing demand for sustainable farming practices. Below is an overview of the current state, key contributors, emerging trends, and future outlook of the IoT in precision agriculture market.
Projected Growth and Market Size of the IoT in Precision Agriculture Market
The IoT in precision agriculture market has seen significant growth in recent years and is expected to continue on this upward trajectory. From a market size of $8.41 billion in 2025, it is forecasted to reach $10.04 billion in 2026, marking a strong compound annual growth rate (CAGR) of 19.3%. This historical growth phase was largely supported by the increasing adoption of smart farming techniques, heightened focus on water conservation, expanded use of agricultural sensors, supportive government policies for agri-tech, and a rise in automated farming equipment.
Looking ahead, rapid expansion is anticipated, with the market predicted to grow to $20.17 billion by 2030 at a CAGR of 19.1%. Key factors fueling this growth include the integration of AI-driven crop analytics, wider acceptance of autonomous farming machinery, the rise of climate-smart agriculture, growth in cloud-based farm management platforms, and increasing demand for optimized crop yields. Important trends shaping the market during this forecast period include smart irrigation technologies, real-time crop health monitoring, precision farming analytics, automation in farm equipment, and remote field management systems.
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Principal Companies Influencing the IoT in Precision Agriculture Market
The IoT in precision agriculture sector is supported by a variety of influential global enterprises. Some of the leading companies include 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, and Farmonaut Technologies Pvt. Ltd.
A notable development occurred in July 2023 when Deere & Company, a major US agricultural machinery manufacturer, acquired Smart Apply, an agri-tech startup specializing in precision spraying technology for specialty crops such as orchards, vineyards, and tree nurseries. This strategic acquisition is intended to enhance John Deere’s precision agriculture offerings by promoting sustainable farming practices through targeted chemical application, aiming to reduce chemical use and boost operational efficiency.
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Emerging Innovations and Trends in the IoT in Precision Agriculture Market
Leading firms in the IoT precision agriculture space are prioritizing the development of cutting-edge solutions that integrate artificial intelligence (AI) with IoT. These AI-powered farm management platforms improve decision-making in real time and help optimize resource usage. Smart farm applications equipped with AI enable farmers to monitor crop health, assess soil conditions, and track environmental factors, thereby fostering more sustainable and efficient agricultural practices.
For example, in March 2025, Singapore-based ARB IOT Group Limited introduced an AI-enhanced smart agriculture drone. This innovative drone combines AI with IoT technologies to provide precise monitoring of crop health, soil assessment, and efficient management of pesticide and fertilizer application. Its goal is to help farmers increase yields while minimizing costs and environmental impact, highlighting the growing role of intelligent IoT solutions in modern farming.
Comprehensive Breakdown of the IoT in Precision Agriculture Market
The IoT in precision agriculture market is categorized broadly into several key segments for a detailed understanding:
1) By Component:
– Hardware
– Software
– Services
2) By System:
– Sensing Systems
– Cloud Computing
– Other Systems
3) By Application:
– Weather Tracking and Forecasting
– Yield Monitoring and Farm Mapping
– Crop Scouting
– Irrigation Management
– Other Applications
These categories are further divided into specific subsegments. Hardware includes sensors, drones, GPS devices, smart irrigation systems, control systems, cameras, and automation/control systems. Software encompasses farm management, data analytics, remote monitoring, predictive modeling, cloud-based, and mapping software. Services cover integration, managed services, professional consulting, support and maintenance, as well as connectivity services.
This detailed segmentation provides a clear picture of the different technologies and applications driving the IoT in precision agriculture market forward on a global scale.
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