The global agriculture technologies market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). Agriculture routinely uses technologies such as robots, temperature and moisture sensors, aerial images, and GPS technology. Advanced devices, precision agriculture, and robotic systems allow agriculture to be more profitable, efficient, safer, and environmentally friendly, which are major factors driving the market growth. Science and technology an important engine of agricultural revitalization, and family farms are the main body of a new type of agricultural production, which is at the core of the revitalization of rural industries. Heterogeneity analysis indicates that family farms with a larger area of arable land earn more from the adoption of new technologies than small farms. An increase in the use of harvesting automation, independent tractors, sowing and weeding, and drones with the adoption of new agricultural technologies to improve agricultural production efficiency in precision farming, digital and connected farming.
Remote sensing can be used to monitor the health and growth of crops by analyzing spectral data obtained from satellites, airborne sensors, or ground-based instruments. For instance, in March 2022, Agribazaar launched a remote-sensing crop model to help farmers take up precision farming. The model considers soil properties, weather parameters and geographic location. Based on this, it benefits farmers with a data-based decision-making system.
With advancements in cloud-based services cloud technology can solve critical planet-scale challenges such as food security, climate-resilient agriculture, and reducing the environmental impact of farming. For instance, in June 2022, Cropin launched the first purpose-built industry cloud for agriculture - Cropin Cloud. Cloud brings together a suite of agriculture digitization applications, access to powerful, ready-to-use data sources, and AI-powered agri-intelligence into an integrated, easy-to-use platform to accelerate digital transformation across the agri-ecosystem
Digital farming companies expand their digital farming knowledge and service offerings and are committed to proactively transforming agriculture, by making digital technologies more accessible through removing barriers to adoption and use. For instance, in August 2023, BASF launched a new xarvio® Agro Experts program in Brazil to increase access to and use of digital farming technologies. The unique program, called xarvio Agro Experts, gives agronomic consultancies access to existing xarvio solutions that optimize and increase productivity in the field, specifically for soybean, corn, and cotton.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Offering
- By Agriculture Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- includes AGCO Corp., Corteva, Inc., John Deere, Syngenta AG, Trimble Inc., Yara International ASA, and others.
Agriculture Technologies Market Report Segment
By Offering
- Hardware
- Software
- Services
By Agriculture Type
- Precision farming
- Livestock monitoring
- Others (Connected Farming)
By Application
- Fish Farming
- Smart Green House
- Precision Farming
- Livestock Monitoring
- Others (Field Mapping)
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Agriculture Technologies Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AG Leader Technology
- AgEagle Aerial Systems Inc.
- AgJunction, Inc.
- Argus Control Systems Ltd.
- Autonomous Solutions, Inc.
- CLAAS KGaA mbH
- Dickey-John Corp.
- DroneDeploy
- Farmers Edge Inc.
- Gamaya Ltd.
- GEA Group AG
- Granular, Inc.
- Precision Planting, Inc.
- Raven Industries
- Topcon Positioning Systems, Inc.
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