Smart Agriculture Market Size, Share, Growth Analysis, By Agriculture Type(Precision farming, Livestock monitoring, Smart greenhouse, and Others), By Software(Remote monitoring, data analytics, Supply Chain Management, Quality Assurance), By Hardware(Soil Sensors, Nutrient Sensors, Moisture Sensors, Light Sensors), By Offering(Hardware, Software), By Farm Size(Small, Medium, and Large), By Region - Industry Forecast 2024-2031

Smart Agriculture Market size was valued at USD 13.10 Billion in 2022 and is poised to grow from USD 14.34 Billion in 2023 to USD 29.65 Billion by 2031, growing at a CAGR of 9.51% in the forecast period (2024-2031).

The convergence of IoT technology alongside robotics, drones, remote sensors, and computer imaging is poised to revolutionize agriculture by offering farmers comprehensive data for optimizing their farming practices in alignment with environmental needs. This integration promises an exponential acceleration in smart agriculture market growth by enabling farmers to access crucial insights for decision-making. Leveraging GPS and GIS for pinpoint monitoring of specific field locations, assessing soil quality, and visualizing field data on maps, combined with robust big data analytics, is set to revolutionize land productivity.

The swift uptake of precision farming methodologies, tailored to offer precise inputs for maximizing land productivity, and the advent of smart greenhouse technologies are pivotal contributors driving smart agriculture market's positive trajectory. These advancements collectively signal a transformative shift in agriculture, promising heightened efficiency, sustainability, and informed decision-making for farmers, thereby fueling the market's rapid expansion.

US Smart Agriculture Market is poised to grow at a sustainable CAGR for the next forecast year.