Market Overview

The global smart farming market size was valued at USD 24.32 billion in 2024 and is anticipated to grow from USD 28.79 billion in 2025 to reach USD 111.19 billion by 2033, exhibiting a CAGR of 18.4% during the forecast period (2025-2033).

The global Smart Farming market is witnessing swift transformation driven by new consumer behaviors, increased funding, and advancements in technology. According to Straits Research, the industry is further propelled by rising digital adoption, supportive government policies, expanding industrial applications, and a growing focus on operational efficiency and sustainability across markets. This section outlines the current market landscape, focusing on key trends, rising opportunities, major competitive actions, and the elements influencing the industry’s growth path.

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Market Scope and Research Approach

This study integrates both quantitative metrics and qualitative evaluations to provide a clear, accurate, and in-depth market assessment. The scope defines major parameters and market categories to give readers a structured view of the industry and its foundational dynamics.

The report analyzes market size, forecasts, and growth potential by evaluating essential segments and sub-segments. It explores critical market drivers, including regulatory policies, cost optimization, sustainability initiatives, and constant innovation. The analysis also includes competitive benchmarking, investment flow patterns, and policy frameworks influencing market evolution.

Regional Assessment

The research covers North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region is evaluated based on growth potential, market share, investment climate, and trade activity. Regional evaluations consider government initiatives, industry performance, demand shifts, and development prospects to provide a comprehensive geographic market view.

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Market Segmentation

1. By Solution
   1. Hardware Systems
   2. Software
   3. Services
   4. Network Management
   5. Agriculture Asset Management
   6. Supervisory Control and Data Acquisition
   7. Logistics and Supply Chain Management
   8. Smart Water Management
   9. Others
2. By Software
   1. Web Based
   2. Cloud Based
3. By Service
   1. System Integration and Consulting
   2. Support and Maintenance
   3. Connectivity Services
   4. Managed Services
   5. Professional Services
4. By Application
   1. Precision Agriculture
   2. Livestock Monitoring and Management
   3. Indoor Farming
   4. Yield Monitoring
   5. Field Mapping
   6. Crop Scouting
   7. Weather Tracking and Forecasting
   8. Irrigation Management
   9. Farm Labor Management
   10. Financial Management
   11. Feeding Management
   12. Milk Harvesting
   13. Breeding Management
   14. Fish Tracking and Fleet Navigation
   15. Water Quality Management
   16. HVAC Management
   17. Aquaculture
   18. Smart Greenhouse

Major Market Participants

1. Ag Leader Technology
2. AGCO Corporation
3. CNH Industrial
4. Deere & Company
5. Hexagon Agriculture
6. Kubota Corporation
7. Afimilk Ltd.
8. Allflex USA Inc.
9. Nedap N.V.
10. General Hydroponics
11. Osram Licht AG
12. AKVA Group ASA
13. Eruvaka Technologies
14. Naïo Technologies
15. DJI Innovations

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Key Questions Addressed in the Smart Farming Market Report:

• What is the current size of the Smart Farming market?

• What is the projected size of the industry in the upcoming years?

• What is the estimated worldwide valuation of the Smart Farming market?

• What is the market growth rate?

• Which market segment holds the largest share?

• What are the primary segments within the Smart Farming market?

• What was the North American market valuation in 2024?

• Which region leads the global market?

• What factors are fueling market expansion?

• Who are the key industry participants?

• Which companies dominate the Smart Farming landscape?

About Straits Research

Straits Research delivers in-depth market intelligence and data-driven insights across multiple industries. Our reports support decision-makers, investors, and organizations in identifying growth opportunities, overcoming challenges, and shaping strategic plans for sustained success in dynamic global markets.