The future of farming is being reshaped by digital technology. From smart sensors in fields to AI-powered irrigation systems, the Internet of Things (IoT) is transforming agriculture into a highly data-driven and efficient industry. A new study by Orion Market Research (OMR) projects that the global IoT in agriculture market will surge from USD 23.1 billion in 2024 to USD 98.2 billion by 2033, at a CAGR of 17.5%.
Why IoT is Becoming Essential in Farming
Agriculture faces immense challenges—climate change, water scarcity, labor shortages, and the pressure to feed a growing global population. IoT offers solutions through:
Precision Farming: Using GPS, drones, and IoT sensors, farmers can now monitor soil nutrients, crop health, pest attacks, and weather conditions in real time.
Smart Irrigation: Automated irrigation systems, powered by IoT, optimize water use and help farmers reduce wastage while maintaining crop yields.
Livestock Tracking: Wearable IoT collars and tags track animal health, feeding cycles, and movement, cutting down losses and improving productivity.
Supply Chain Efficiency: IoT-enabled logistics and storage systems reduce post-harvest losses and maintain quality during transportation.
Regional Growth Trends
North America & Europe: Early adopters with advanced infrastructure and R&D investments. Strong focus on sustainability and climate-smart agriculture.
Asia-Pacific: Poised for fastest growth due to large farming populations, rising food demand, and supportive policies. India’s Digital Agriculture Mission and China’s Smart Farming Initiatives are key drivers.
Latin America & Africa: Adoption is slower but expanding, with Brazil and South Africa emerging as hotspots for precision agriculture.
Industry Leaders
Several global players are shaping this revolution:
John Deere – Pioneering AI-powered farm machinery
Trimble Inc. – GPS-enabled farming technologies
Bosch – IoT platforms and sensors for agriculture
AG Leader Technology – Data analytics and precision farming solutions
AGCO Corporation – Smart farm machinery
DeLaval – Livestock monitoring devices
Raven Industries – Drones and automated solutions
What the Future Holds
By 2033, farming will look vastly different from today. AI, machine learning, and cloud computing will integrate with IoT devices to create predictive farming models—helping farmers anticipate rainfall, pest outbreaks, and market trends.
Moreover, as the world emphasizes sustainable and eco-friendly agriculture, IoT will help farmers use fewer resources, cut greenhouse gas emissions, and protect biodiversity.
The result? Higher productivity, lower costs, and a more secure global food supply.
Market Snapshot
Market Value (2024): USD 23.1 billion
Forecast (2033): USD 98.2 billion
Growth Rate (CAGR): 17.5%
Top Growth Region: Asia-Pacific
Main Applications: Precision farming, irrigation, livestock monitoring, drones, supply chain management