The global agriculture soil sampling and testing market was valued at $3.76 billion in 2022 and is anticipated to reach $5.79 billion by 2028, witnessing a CAGR of 7.65% during the forecast period 2023-2028.
Carbon neutral farming is a sustainable agricultural practice that aims to minimize carbon dioxide (CO2) emissions and offset any remaining emissions through carbon sequestration. This innovative approach not only helps combat climate change but also enhances soil health, promotes biodiversity, and supports local communities.
The global smart weed control market, valued at $842.7 million in 2022, is expected to reach $2,460.8 million by 2028, exhibiting a robust CAGR of 18.23% during the forecast period (2023-2028).
The report includes a detailed analysis of greenhouse gas emissions associated with agricultural activities starting from crop production to harvesting, livestock production, and forestry, encompassing sources, trends, and the impacts of climate change.
The global electric farm tractor market was valued at $98.7 million in 2022 and is expected to reach $234.0 million by 2028, growing at a CAGR of 14.06% between 2023 and 2028.
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The global smart crop scouting and smart spraying market was valued at $3.47 billion in 2022, which is expected to grow with a CAGR of 18.78% and reach $9.86 billion by 2028.
The global satellite imaging for agriculture market was valued at $516.1 million in 2022, and it is expected to grow with a CAGR of 7.50% during the forecast period 2023-2028 to reach $785.3 million by 2028.
The report entails the impact of the EU Green Deal and the subsequent policies, such as the Farm to Fork Strategy, on the smart agriculture sector of the countries.
The global artificial intelligence in agriculture market was valued at $1,517.0 million in 2022 and is expected to reach $4,096.1 million in 2027, following a CAGR of 21.98% during 2022-2027.
The global autonomous agriculture equipment market was valued at $10.71 billion in 2022 and is expected to reach $28.54 billion in 2027, following a CAGR of 21.65% during 2022-2027.
The global precision irrigation market was valued at $2,238.7 million in 2022 and is forecast to reach $4,471.2 million by 2027 at a CAGR of 14.84%.
The global agriculture sensors market was valued at $3,599.5 million in 2022 and is expected to reach $7,598.6 million in 2027, following a CAGR of 16.12% during 2022-2027.
The global indoor farming technology market was valued at $5.84 billion in 2022 and is expected to reach $17.12 billion in 2027, following a CAGR of 23.99% during 2022-2027.
The global agriculture technology-as-a-service (ATaaS) market was valued at $1,606.9 million in 2022 and is expected to reach $3,438.6 million in 2027, with a CAGR of 16.43% during 2022-2027.
The global farm management software and data analytics market was valued at $3.56 billion in 2022, which is expected to grow with a CAGR of 15.39% and reach $7.28 billion by 2027.
The global smart farming market was valued at $15.06 billion in 2022 and is expected to reach $33.0 billion in 2027, following a CAGR of 16.99% during 2022-2027.
The global precision agriculture market was valued at $7.89 billion in 2022 and is expected to reach $14.61 billion in 2027, following a CAGR of 13.12% during 2022-2027.
The Europe smart farming market was valued at $3,993.7 million in 2022 and is expected to reach $8,420.6 million in 2027, following a CAGR of 16.09% during 2022-2027.
The global agriculture drones and robots market was valued at $5.37 billion in 2021, which is expected to grow with a CAGR of 20.74% and reach $16.12 billion by 2027.
The global precision pest management market was valued at $1,748.4 million in 2021 and is expected to reach $4,396.3 million by 2027, following a CAGR of 16.43% during 2022-27.
The seed treatment market was valued at $7,924.6 million in 2021, which is expected to grow with a CAGR of 9.43% and reach $13,587.0 million by 2027.
The global augmented reality in agriculture market was valued at $0.84 million in 2021 and is projected to reach $4.89 million by 2027, growing at a CAGR of 34.49% during the forecast period 2022-2027.
The global smart harvest market was valued at $8,380.0 million in 2021 and is projected to reach $16,850.0 million by 2027, growing at a CAGR of 12.50% during the forecast period 2022-2027.
The smart vineyard management market was valued at $1.21 billion in 2021 and is projected to reach $2.15 billion by 2027, growing at a CAGR of 10.08% during the forecast period 2022-2027.
The global agriculture autonomous robots market was valued at $3.92 billion in 2021 and is projected to reach $10.50 billion in 2027, growing at a CAGR of 19.16% during the forecast period 2022-2027.
The global variable rate technology market was valued at $2.02 billion in 2021, and it is expected to grow with a CAGR of 20.28% during the forecast period 2022-2027 to reach $6.09 billion by 2027.
The harvesting equipment market is expected to grow from $22.42 billion in the year 2021 to $30.11 billion by 2027, at a CAGR of 5.08% from 2022 to 2027.
The global smart crop monitoring market was valued at $1.92 billion in 2021, which is expected to grow with a CAGR of 12.75% and reach $3.95 billion by 2027.
The global fertigation and chemigation market accounted for $11,599.0 million in 2021 and is expected to grow with a CAGR of 8.45% and reach $18,968.6 million by 2027.
The global smart irrigation controllers market was valued at $588.47 million in 2021, which is expected to grow with a CAGR of 13.98% and reach $1,280.81 million by 2027.
The global biological control agents market was valued at $4.80 billion in 2021, which is expected to grow with a CAGR of 14.96% and reach $11 billion by 2027.
The agricultural adjuvants market is expected to grow from $3,298.6 million in the year 2021 to $4,786.5 million by 2027 at a CAGR of 6.43% from 2022 to 2027.
The global agricultural films market was valued at $11.38 billion in 2021 and is projected to reach $16.09 billion in 2027, following a CAGR of 5.94% during the forecast period 2022-2027.
The global smart irrigation market accounted for $1.3 billion in 2020 and is expected to grow with a CAGR of 13.69% and reach $2.7 billion by 2026.
The global IoT in agriculture market was valued at $21.99 billion in 2021, which is expected to grow with a CAGR of 10.1% and reach $35.55 billion by 2026.
The global blockchain in agriculture and food market was valued at $139.6 million in 2020, which is expected to grow with a CAGR of 51.0% and reach $1,488.0 million by 2026.
The global electric farm tractor market was valued at $116.5 million in 2020, which is expected to grow with a CAGR of 11.1% and reach $218.9 million by 2026.
The global powered agriculture market was valued at $57.39 billion in 2021, which is expected to grow with a CAGR of 5.02% and reach $73.32 billion by 2026.
The global artificial intelligence in agriculture market is expected to reach $6,655.1 million by 2026, with a CAGR of 30.56% during the forecast period 2021-2026.
The global agriculture technology-as-a-service market is expected to reach $3,031.1 million by 2026, with a CAGR of 24.42% during the forecast period 2021-2026.
The global indoor farming technology market is expected to reach $12,767.3 million by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026.
The global precision agriculture market is expected to reach $10.93 billion by 2026, with a CAGR of 14.8% during the forecast period 2021-2026.
The global digital agriculture marketplace market was valued at $10.00 billion in 2020 and is projected to reach $22.88 billion in 2026, following a CAGR of 15.0% during the forecast period 2021-2026.
The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026.
The smart farming market is expected to reach $34.1 billion by 2026, with a CAGR of 18.5% during the forecast period 2021-2026.
The global vertical farming market was valued at $5.50 billion in 2020 and is projected to reach $19.86 billion in 2026, following a CAGR of 24.3% during 2021-2026.
The Europe ISOBUS component market is expected to reach $209.29 million by 2026, with a CAGR of 7.36% during the forecast period 2021- 2026.
The global farm equipment rental market is expected to reach $46.28 billion by 2026, with a CAGR of 6.63% during the forecast period 2021-2026.
The global autonomous agriculture equipment market is expected to reach $28.90 billion by 2026, with a CAGR of 10% during the forecast period 2021-2026.
The global hyperspectral imaging in agriculture market is expected to reach $56.88 million by 2026, with a CAGR of 11.93% during the forecast period 2021-2026.
The global agriculture drones and robots market is expected to reach $30.08 billion by 2026, with a CAGR of 22.3% during the forecast period 2021-2026.
The AR in agriculture market is expected to reach $4.43 million by 2026, with a CAGR of 37.4% during the forecast period 2021-2026.
The global aquaponic and hydroponic systems and equipment market is expected to reach $2.74 billion by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
The global ISOBUS component market is expected to reach $976.71 million by 2026, with a CAGR of 8.91% during the forecast period 2021- 2026.
The global agriculture technology-as-a-service market is projected to grow from $1,101.6 million in 2020 to $3,089.8 million by 2025, at a CAGR of 22.91% from 2020 to 2025.
The global synthetic biology in agriculture and food market is projected to grow from $3.20 billion in 2020 to $14.12 billion by 2025, at a CAGR 34.56% from 2020 to 2025.
The Global Agricultural Biological Control Agents Market to Reach $7.43 Billion by 2025.
The global plant genomics market is projected to grow from $7.26 billion in 2020 to $12.26 billion by 2025, at a CAGR 11.06% from 2020 to 2025.
The global farm management software and data analytics market is projected to grow from $1.06 billion in 2020 to $4.31 billion by 2025, at a CAGR 32.32% from 2020 to 2025.
The powered agriculture equipment market is projected to grow from $63.49 billion and 2,202.5 thousand units in the year 2019 to $70.08 billion and 2,337.1 thousand units by 2025.
The eubiotics market is projected to grow from $5.24 billion in 2019 to $7.74 billion by 2025.
The precision agriculture market is projected to grow from $5,068.6 million in 2019 to $11,106.7 million by 2025.
The GIS software in agriculture industry analysis by BIS Research projects the market to grow at a significant CAGR of 10.41% during the forecast period from 2019 to 2024.
The Global Animal Genetics Market - Analysis and Forecast by BIS Research projects the market to grow at a significant CAGR of 6.24% during the forecast period 2019-2024.
The Global Smart Irrigation Controllers Market Analysis by BIS Research projects the market to grow at a significant CAGR of 15.0% during the forecast period from 2019 to 2024.
The Global Artificial Intelligence (AI) in Agriculture Market Analysis by BIS Research projects the market is anticipated to reach $3,807.3 million by 2024.
The Agricultural Pheromones Market Analysis by BIS Research projects the market to grow at a significant CAGR of 14.0% during the forecast period from 2019 to 2024.
The LED Grow Lights Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 23.15% during the forecast period from 2019 to 2024.
The Global Agriculture Technology-as-a-Service Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 21.75% during the forecast period from 2019 to 2024.
The Indoor Farming Technology Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 15.23% during the forecast period from 2019 to 2024.
The Agricultural Surfactant Industry analysis by BIS Research projects that the market is projected to grow at a CAGR of 6.50% during the forecast period from 2019 to 2024.
The global fermented feed ingredient industry report illustrates that the market is projected to reach $19.18 billion by 2023.
The agriculture drones and robots market is projected to grow from $2,525.2 million in 2018 to $23,060.8 million by 2028, at a CAGR 24.76% from 2018 to 2028.
The powered agriculture equipment market is projected to grow from 2,238,127 units in the year 2018 to 2,714,433 units by 2023, at a CAGR 3.93% from 2018 to 2023.
Farm management software and services have applications covering most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids).
In 2017, the Americas farm management software and services market was valued at $628.5 million. The market is projected to grow from $740.9 million in the year 2018 to $1,686.4 million by 2023, at a CAGR of 17.88% from 2018 to 2023.
The IoT in agriculture market is projected to grow from $14.78 billion in the year 2018 to $28.65 billion by 2023, growing at a CAGR of 14.15% from 2018 to 2023.
The global blockchain in agriculture and food market is expected to grow from $41.9 million in the year 2018 to $1,442.9 million by 2028, at a CAGR 42.45% from 2018 to 2028.
The Americas smart farming market is projected to grow from $4.92 billion in the year 2018 to $11.93 billion by 2023 at a CAGR 19.39% from 2018 to 2023.
The Europe smart farming market is expected to grow from $3,076.0 million in the year 2018 to $7,200.4 million by 2023, with a CAGR of 18.54% from 2018 to 2023.
The precision agriculture market is projected to grow from $4.29 billion in the year 2018 to $10.55 billion by 2025, growing at a CAGR of 13.70% from 2018 to 2025.
The smart farming market is projected to grow from $9,575.3 million in the year 2017 to $23,139.5 million by 2022, at a CAGR 19.3% from 2017 to 2022.
The aquaponics & hydroponics systems & equipment market is expected to grow from $968.7 million in the year 2017 to $1,982.8 million by 2022 at a CAGR of 15.4% from 2017 to 2022.
The NGS in agrigenomics market is expected to reach $1,389.0 million at a CAGR of 12.5% from 2016 to 2021.
The agricultural adjuvants market is expected to reach $3,594.1 million by 2021 at a CAGR of 5.5% from 2016 to 2021. This growth is attributed to the increasing demand for integrated pest management (IPM) techniques and adoption of green crop protection concept. Moreover, the increasing demand for organic food products among consumers is driving the growth of the market.
The livestock monitoring & management market is expected to grow from $XX million in the year 2016 to $XX million by 2021 at a CAGR of 17.8% from 2016 to 2021. This growth is highly attributed to the rising awareness among government about the need to elevate livestock produce while taking care about the environment.
The LED grow lights market is expected to grow from $XX.X million in the year 2016 to $2590.0 million by 2021, at a CAGR of XX.X% from 2016 to 2021. The growth is attributed to the increase in demand for food which leads to the need for increasing farm yields. LED grow light applications provide a solution to the problems faced during conventional farming.
The agricultural films market is expected to reach $9,283.4 million by 2021 growing at a CAGR of 5.1% from 2017 to 2021. In terms of volume the agricultural films market is expected to reach 7,532.1 kilo tons by 2021, registering a CAGR of 8.6% between 2017 and 2021.
The farm management software and services market is expected to reach $2,883.4 million by 2021, at a CAGR of 17.6% from 2017 to 2021. This growth is attributed to the increasing awareness among governments about the need to produce more food while taking care about the environment.
The biorational product market, which generated $2,275.00 million of revenue in the year 2016 is expected to grow at a CAGR of 21.5% from 2017 to 2023.
Food security is a major issue in the present global scenario, and especially so due to the increasing population day by day. Numerous research studies have discovered that the current food production volume needs to be doubled in order to suffice for the needs of the current burgeoning population. Furthermore, owing to the fact that natural resources such as land, water and labor are limited, agr
The agricultural robots market is expected to grow from $1.63 billion in the year 2015 to $3.65 billion by 2022, at a CAGR of 12.2% from 2015 to 2022.
The global vertical farming market is expected to grow at a CAGR of 27.77% through 2015 to 2022.
A strong emphasis on sustainable development due to the environmental issues has led to a global emergence of precision agriculture technologies. The market is estimated to reach $7.6 billion by 2022 at a CAGR of 12.7% through the forecast period. Increasing global demand for food, economic boom in APAC regions, and emerging technologies are some of the reasons responsible for the growth of this m
The agriculture equipments and machineries have become an indispensable part of the agriculture process, by helping to save capital, labor, and time. This considerable role of agriculture equipments in ensuring sustainable food production has led to the growth of the market, and is further estimated to grow at a CAGR of 2.3% by 2022.
The precision irrigation market size in terms of value was $795.62 million in 2014 and is expected to reach $1,238.02 million by 2020 at a CAGR of 7.2%.
Hydroponics is the fastest growing soil-less farming practice at a global level, wherein a tailored nutrient solution is used for the crop to attain its full growth with a superior quality in a sustainable manner.
Precision Farming is an area of farming techniques associated with management of variability of soil, nutrients, water, crop and environmental factors. In conventional agriculture practices, fields subject to farming are considered to be uniform and thus applied with uniform rates of agrochemicals and fertilizers. The world population is estimated to hit the 9 billion mark by the year 2050.
The global electric farm tractor market was valued at $116.5 million in 2020, which is expected to grow with a CAGR of 11.1% and reach $218.9 million by 2026.
The global artificial intelligence in agriculture market is expected to reach $6,655.1 million by 2026, with a CAGR of 30.56% during the forecast period 2021-2026.
The global agriculture technology-as-a-service market is expected to reach $3,031.1 million by 2026, with a CAGR of 24.42% during the forecast period 2021-2026.
The global indoor farming technology market is expected to reach $12,767.3 million by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026.
The global precision agriculture market is expected to reach $10.93 billion by 2026, with a CAGR of 14.8% during the forecast period 2021-2026.
The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026.
The smart farming market is expected to reach $34.1 billion by 2026, with a CAGR of 18.5% during the forecast period 2021-2026.
The global autonomous agriculture equipment market is expected to reach $28.90 billion by 2026, with a CAGR of 10% during the forecast period 2021-2026.
The global agriculture drones and robots market is expected to reach $30.08 billion by 2026, with a CAGR of 22.3% during the forecast period 2021-2026.
The smart farming market is projected to grow from $9,575.3 million in the year 2017 to $23,139.5 million by 2022, at a CAGR 19.3% from 2017 to 2022.
The precision agriculture market is projected to grow from $4.29 billion in the year 2018 to $10.55 billion by 2025, growing at a CAGR of 13.70% from 2018 to 2025.
The IoT in agriculture market is projected to grow from $14.78 billion in the year 2018 to $28.65 billion by 2023, growing at a CAGR of 14.15% from 2018 to 2023.
The powered agriculture equipment market is projected to grow from 2,238,127 units in the year 2018 to 2,714,433 units by 2023, at a CAGR 3.93% from 2018 to 2023.
The Indoor Farming Technology Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 15.23% during the forecast period from 2019 to 2024.
The Global Agriculture Technology-as-a-Service Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 21.75% during the forecast period from 2019 to 2024.
The Global Artificial Intelligence (AI) in Agriculture Market Analysis by BIS Research projects the market is anticipated to reach $3,807.3 million by 2024.
The Global Smart Irrigation Controllers Market Analysis by BIS Research projects the market to grow at a significant CAGR of 15.0% during the forecast period from 2019 to 2024.
The precision agriculture market is projected to grow from $5,068.6 million in 2019 to $11,106.7 million by 2025.
The powered agriculture equipment market is projected to grow from $63.49 billion and 2,202.5 thousand units in the year 2019 to $70.08 billion and 2,337.1 thousand units by 2025.
The global farm management software and data analytics market is projected to grow from $1.06 billion in 2020 to $4.31 billion by 2025, at a CAGR 32.32% from 2020 to 2025.
The global agriculture technology-as-a-service market is projected to grow from $1,101.6 million in 2020 to $3,089.8 million by 2025, at a CAGR of 22.91% from 2020 to 2025.
The AR in agriculture market is expected to reach $4.43 million by 2026, with a CAGR of 37.4% during the forecast period 2021-2026.
The global agriculture drones and robots market is expected to reach $30.08 billion by 2026, with a CAGR of 22.3% during the forecast period 2021-2026.
The global autonomous agriculture equipment market is expected to reach $28.90 billion by 2026, with a CAGR of 10% during the forecast period 2021-2026.
The smart farming market is expected to reach $34.1 billion by 2026, with a CAGR of 18.5% during the forecast period 2021-2026.
The global electric farm tractor market was valued at $116.5 million in 2020, which is expected to grow with a CAGR of 11.1% and reach $218.9 million by 2026.
The global farm management software and data analytics market is expected to reach $5.26 billion by 2026, with a CAGR of 18.55% during the forecast period 2021-2026.
The global precision agriculture market is expected to reach $10.93 billion by 2026, with a CAGR of 14.8% during the forecast period 2021-2026.
The global indoor farming technology market is expected to reach $12,767.3 million by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026.
The global artificial intelligence in agriculture market is expected to reach $6,655.1 million by 2026, with a CAGR of 30.56% during the forecast period 2021-2026.
The global agriculture technology-as-a-service market is expected to reach $3,031.1 million by 2026, with a CAGR of 24.42% during the forecast period 2021-2026.
Agriculture
The agriculture industry, across its value chain, is witnessing a transformation by adopting new and emerging farm technologies. This is helping organizations in countering several market challenges such as non-availability of manpower, water scarcity, aversion to chemicals, etc.
Agriculture industries have understood the importance of integrating new technologies such as robotics, artificial intelligence, IoT, and big data into their operations.
BIS Research explores the overall agriculture industry by segregating it into four main segments. These are as shown in the figure below:
AgriTech - Advancement in agriculture technologies is expected to create a digitally connected farm by combining all the agronomic applications such as fertilization, planting, farm management, harvesting, yield forecasting, and irrigation. BIS Research focuses on providing market intelligence and key insights on such mechanization and automation technologies impacting the agriculture industry.
Crop Protection/Agri-Inputs – Innovations in the form of fertilizers, plant protection products, cleaning agents, and additives used in food production have been constantly evolving the overall farming sector. BIS Research is uniquely positioned to provide market intelligence solutions and research reports on emerging solutions in the agri-inputs business
New Farming Techniques – With food security gaining increased importance, governments across the world are promoting the adoption of modern farming techniques and equipment to enhance yield from each farmed acre. BIS Research understands the changing dynamics of the urban farming sector and continuously keeps track of the latest advancements
Livestock Production System – livestock producers across the globe are embracing efficient livestock monitoring & management systems, and techniques of genetic engineering to narrow the demand and supply gap. BIS Research regularly tracks the latest advancements in livestock production systems.
Hundreds of businesses from this industry have trusted BIS Research’s insight reports to make those important decisions and grow in the market. From a geographical perspective, we are witnessing early adoption of deep technologies in the agriculture market in the following countries: USA, Germany, Netherlands, Japan, Canada, Switzerland, UK, France, South Korea amongst many more.
Our customer base expands across several sections including small enterprises, medium-scale operations, Fortune 50 companies, as well as government organizations, venture capitalists and deemed universities.
The future of the agriculture industry is expected to be entirely technology-based, with autonomy and automation improving the efficiency of various farm-related activities. BIS Research is keeping a close watch on the latest agriculture market developments. In case you do not find a report of your choice in the list above, please feel free to contact us so that we can look at customizing one for you.
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