Smart Farming Equipment Market
Smart Farming Equipment Market Forecasts to 2032 – Global Analysis By Product (Precision Seeders & Planters, Smart Irrigation Systems, Autonomous Tractors, Variable Rate Technology (VRT) Equipment, Smart Harvesters, Livestock Monitoring Devices, Drones & UAVs, Soil & Crop Sensors and Other Products), Offering (Hardware, Software and Services), Agriculture Type, Connectivity, Application, End User and By Geography
According to Stratistics MRC, the Global Smart Farming Equipment Market is accounted for $19.0 billion in 2025 and is expected to reach $47.3 billion by 2032 growing at a CAGR of 13.9% during the forecast period. Smart farming equipment is technologically advanced agricultural tools integrated with sensors, GPS, data analytics, and automation systems to optimize farming operations. These devices enable precision agriculture by monitoring soil conditions, crop health, and weather patterns, allowing for data-driven decisions. Examples include autonomous tractors, drone-based field surveillance, and IoT-enabled irrigation systems. Smart equipment enhances productivity, reduces resource waste, and supports sustainable farming practices by improving efficiency and accuracy in planting, fertilizing, harvesting, and overall farm management.
Additionally, to the International Journal of Agriculture Extension and Social Development highlights that precision agriculture using AI and IoT has led to 30% reductions in water usage and 40% improvements in fertilizer efficiency across pilot farms in India.
Market Dynamics:
Driver:
Need to feed an ever-increasing population
Smart farming equipment is emerging as a critical solution, enabling precision agriculture that maximizes yield while minimizing waste. Technologies such as GPS-guided tractors, automated irrigation systems, and AI-powered crop monitoring tools are helping farmers optimize inputs like water, fertilizer, and pesticides. These innovations are essential for meeting the growing demand for food in a sustainable manner. As urbanization expands and arable land becomes scarce, smart farming tools offer a way to boost productivity without compromising environmental health.
Restraint:
Limited internet connectivity and infrastructure
In rural and remote areas, unreliable internet access and lack of cellular coverage restrict the deployment of IoT-based farming solutions. This digital divide prevents farmers from leveraging real-time data analytics, cloud-based farm management platforms, and remote monitoring systems. Moreover, the high cost of installing connectivity infrastructure poses a challenge for small and medium-sized farms. Without robust digital networks, the full potential of smart farming equipment remains untapped, slowing market growth in underserved regions.
Opportunity:
Integration of services and software
Integrated platforms that combine sensor data, satellite imagery, and predictive analytics are transforming how farms are managed. These systems allow for seamless coordination between equipment, weather forecasts, crop models, and supply chain logistics. As interoperability improves, farmers can make faster, data-driven decisions that enhance productivity and reduce operational costs. The growing availability of cloud-based agricultural services and mobile apps is also making smart farming more accessible, especially for tech-savvy younger farmers entering the industry.
Threat:
Fluctuating commodity prices and farm income
Sudden drops in crop prices can discourage farmers from investing in expensive technologies, especially when profit margins are thin. Additionally, unpredictable weather patterns and geopolitical tensions can disrupt supply chains and affect farm income stability. These financial uncertainties make it difficult for farmers to plan long-term investments in automation and precision tools. As a result, manufacturers may face inconsistent demand, impacting production volumes and innovation cycles.
Covid-19 Impact:
The COVID-19 pandemic had a dual impact on the smart farming equipment market. On one hand, supply chain disruptions and labor shortages delayed equipment manufacturing and delivery, causing temporary setbacks. On the other hand, the crisis accelerated the adoption of automation and remote monitoring technologies, as farmers sought to reduce human contact and maintain operations during lockdowns. The pandemic highlighted the importance of resilient agricultural systems, prompting increased interest in digital tools that support remote diagnostics, autonomous machinery, and contactless farm management.
The variable rate technology (VRT) equipment segment is expected to be the largest during the forecast period
The variable rate technology (VRT) equipment segment is expected to account for the largest market share during the forecast period as it enables precise application of inputs like fertilizers, seeds, and pesticides based on real-time field data. This targeted approach not only improves crop yield but also reduces environmental impact and input costs. The widespread adoption of VRT is driven by its compatibility with GPS and GIS technologies, allowing farmers to tailor treatments to specific field zones. As sustainability becomes a priority, VRT is gaining traction for its role in resource-efficient farming.
The livestock monitoring segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the livestock monitoring segment is predicted to witness the highest growth rate owing to innovations in wearable sensors, RFID tags, and automated feeding systems are revolutionizing animal husbandry. These technologies provide continuous health tracking, behavioral analysis, and location monitoring, enabling early detection of diseases and optimizing breeding cycles. Rising concerns over animal welfare and food safety are further propelling demand for smart livestock solutions.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to its advanced agricultural infrastructure and high technology adoption rate. The region benefits from strong government support, extensive research initiatives, and a well-established network of agritech companies. Farmers in the U.S. and Canada are increasingly investing in precision tools to improve efficiency and meet sustainability goals. Moreover, the presence of major industry players and robust distribution channels contributes to the region’s dominant market position.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR fueled by rapid modernization of agriculture and increasing food demand. Countries like China, India, and Japan are investing heavily in smart farming technologies to address challenges such as labor shortages, fragmented land holdings, and climate variability. Local startups and international players are collaborating to develop affordable, scalable solutions tailored to regional needs, driving accelerated market expansion.
Key players in the market
Some of the key players in Smart Farming Equipment Market include Deere & Company, Trimble Inc., AGCO Corporation, Topcon Positioning Systems, The Climate Corporation, Raven Industries, Inc., Ag Leader Technology, Kubota Corporation, CNH Industrial N.V., CLAAS KGaA mbH, Netafim Ltd., DeLaval, Innovasea Systems, Inc., Heliospectra AB, Cropin, Farmers Edge Inc., Granular, Inc., Afimilk Ltd., BouMatic Robotic B.V and Iteris, Inc.
Key Developments:
In May 2025, CNH launched a new plan to double Precision Tech sales and refresh its tractor lineup. It targets 16–17% EBIT margins and 100% uptime via AI-powered service platforms.
In April 2025, Kubota unveiled a 3.8L hydrogen engine, HVO fuel sensor, and autonomous sprayer at Bauma 2025. These innovations support carbon-neutral farming and precision agriculture.
In March 2025, Netafim introduced Mega-PULSAR™, a precision misting system to protect orchards from heatwaves. It reduces crop stress and supports climate-resilient farming.
Products Covered:
• Precision Seeders & Planters
• Smart Irrigation Systems
• Autonomous Tractors
• Variable Rate Technology (VRT) Equipment
• Smart Harvesters
• Livestock Monitoring Devices
• Drones & UAVs
• Soil & Crop Sensors
• Other Products
Offerings Covered:
• Hardware
• Software
• Services
Agriculture Types Covered:
• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Precision Aquaculture
• Precision Forestry
• Other Agriculture Types
Connectivities Covered:
• LoRaWAN
• Cellular
• Wi-Fi
• Bluetooth
• Satellite
• Other Connectivities
Applications Covered:
• Weather Forecasting
• Field Mapping
• Yield Monitoring
• Crop Scouting
• Irrigation Management
• Fertilizer & Pesticide Management
• Farm Labor Management
• Other Applications
End Users Covered:
• Large Commercial Farms
• Contracting & Custom Operators
• Greenhouse & Vertical Farm Operators
• Government & Research Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Farming Equipment Market, By Product
5.1 Introduction
5.2 Precision Seeders & Planters
5.3 Smart Irrigation Systems
5.4 Autonomous Tractors
5.5 Variable Rate Technology (VRT) Equipment
5.6 Smart Harvesters
5.7 Livestock Monitoring Devices
5.8 Drones & UAVs
5.9 Soil & Crop Sensors
5.10 Other Products
6 Global Smart Farming Equipment Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 Automation & Control Systems
6.2.2 Sensing Devices
6.2.3 RFID Tags
6.2.4 LED Grow Lights
6.2.5 HVAC Systems
6.2.6 Other Hardwares
6.3 Software
6.3.1 Farm Management Software
6.3.2 Cloud-based Solutions
6.3.3 Data Analytics Platforms
6.3.4 Supply Chain Management Software
6.3.5 Remote Monitoring Software
6.3.6 Web-based Solutions
6.4 Services
6.4.1 System Integration & Consulting
6.4.2 Professional Services
6.4.3 Managed Services
6.4.4 Connectivity Services
6.4.5 Support and Maintenance
7 Global Smart Farming Equipment Market, By Agriculture Type
7.1 Introduction
7.2 Precision Farming
7.3 Livestock Monitoring
7.4 Smart Greenhouse
7.5 Precision Aquaculture
7.6 Precision Forestry
7.7 Other Agriculture Types
8 Global Smart Farming Equipment Market, By Connectivity
8.1 Introduction
8.2 LoRaWAN
8.3 Cellular
8.4 Wi-Fi
8.5 Bluetooth
8.6 Satellite
8.7 Other Connectivities
9 Global Smart Farming Equipment Market, By Application
9.1 Introduction
9.2 Weather Forecasting
9.3 Field Mapping
9.4 Yield Monitoring
9.5 Crop Scouting
9.6 Irrigation Management
9.7 Fertilizer & Pesticide Management
9.8 Farm Labor Management
9.9 Other Applications
10 Global Smart Farming Equipment Market, By End User
10.1 Introduction
10.2 Large Commercial Farms
10.3 Contracting & Custom Operators
10.4 Greenhouse & Vertical Farm Operators
10.5 Government & Research Institutions
10.6 Other End Users
11 Global Smart Farming Equipment Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Deere & Company
13.2 Trimble Inc.
13.3 AGCO Corporation
13.4 Topcon Positioning Systems
13.5 The Climate Corporation
13.6 Raven Industries, Inc.
13.7 Ag Leader Technology
13.8 Kubota Corporation
13.9 CNH Industrial N.V.
13.10 CLAAS KGaA mbH
13.11 Netafim Ltd.
13.12 DeLaval
13.13 Innovasea Systems, Inc.
13.14 Heliospectra AB
13.15 Cropin
13.16 Farmers Edge Inc.
13.17 Granular, Inc.
13.18 Afimilk Ltd.
13.19 BouMatic Robotic B.V.
13.20 Iteris, Inc
List of Tables
1 Global Smart Farming Equipment Market Outlook, By Region (2024-2032) ($MN)
2 Global Smart Farming Equipment Market Outlook, By Product (2024-2032) ($MN)
3 Global Smart Farming Equipment Market Outlook, By Precision Seeders & Planters (2024-2032) ($MN)
4 Global Smart Farming Equipment Market Outlook, By Smart Irrigation Systems (2024-2032) ($MN)
5 Global Smart Farming Equipment Market Outlook, By Autonomous Tractors (2024-2032) ($MN)
6 Global Smart Farming Equipment Market Outlook, By Variable Rate Technology (VRT) Equipment (2024-2032) ($MN)
7 Global Smart Farming Equipment Market Outlook, By Smart Harvesters (2024-2032) ($MN)
8 Global Smart Farming Equipment Market Outlook, By Livestock Monitoring Devices (2024-2032) ($MN)
9 Global Smart Farming Equipment Market Outlook, By Drones & UAVs (2024-2032) ($MN)
10 Global Smart Farming Equipment Market Outlook, By Soil & Crop Sensors (2024-2032) ($MN)
11 Global Smart Farming Equipment Market Outlook, By Other Products (2024-2032) ($MN)
12 Global Smart Farming Equipment Market Outlook, By Offering (2024-2032) ($MN)
13 Global Smart Farming Equipment Market Outlook, By Hardware (2024-2032) ($MN)
14 Global Smart Farming Equipment Market Outlook, By Automation & Control Systems (2024-2032) ($MN)
15 Global Smart Farming Equipment Market Outlook, By Sensing Devices (2024-2032) ($MN)
16 Global Smart Farming Equipment Market Outlook, By RFID Tags (2024-2032) ($MN)
17 Global Smart Farming Equipment Market Outlook, By LED Grow Lights (2024-2032) ($MN)
18 Global Smart Farming Equipment Market Outlook, By HVAC Systems (2024-2032) ($MN)
19 Global Smart Farming Equipment Market Outlook, By Other Hardwares (2024-2032) ($MN)
20 Global Smart Farming Equipment Market Outlook, By Software (2024-2032) ($MN)
21 Global Smart Farming Equipment Market Outlook, By Farm Management Software (2024-2032) ($MN)
22 Global Smart Farming Equipment Market Outlook, By Cloud-based Solutions (2024-2032) ($MN)
23 Global Smart Farming Equipment Market Outlook, By Data Analytics Platforms (2024-2032) ($MN)
24 Global Smart Farming Equipment Market Outlook, By Supply Chain Management Software (2024-2032) ($MN)
25 Global Smart Farming Equipment Market Outlook, By Remote Monitoring Software (2024-2032) ($MN)
26 Global Smart Farming Equipment Market Outlook, By Web-based Solutions (2024-2032) ($MN)
27 Global Smart Farming Equipment Market Outlook, By Services (2024-2032) ($MN)
28 Global Smart Farming Equipment Market Outlook, By System Integration & Consulting (2024-2032) ($MN)
29 Global Smart Farming Equipment Market Outlook, By Professional Services (2024-2032) ($MN)
30 Global Smart Farming Equipment Market Outlook, By Managed Services (2024-2032) ($MN)
31 Global Smart Farming Equipment Market Outlook, By Connectivity Services (2024-2032) ($MN)
32 Global Smart Farming Equipment Market Outlook, By Support and Maintenance (2024-2032) ($MN)
33 Global Smart Farming Equipment Market Outlook, By Agriculture Type (2024-2032) ($MN)
34 Global Smart Farming Equipment Market Outlook, By Precision Farming (2024-2032) ($MN)
35 Global Smart Farming Equipment Market Outlook, By Livestock Monitoring (2024-2032) ($MN)
36 Global Smart Farming Equipment Market Outlook, By Smart Greenhouse (2024-2032) ($MN)
37 Global Smart Farming Equipment Market Outlook, By Precision Aquaculture (2024-2032) ($MN)
38 Global Smart Farming Equipment Market Outlook, By Precision Forestry (2024-2032) ($MN)
39 Global Smart Farming Equipment Market Outlook, By Other Agriculture Types (2024-2032) ($MN)
40 Global Smart Farming Equipment Market Outlook, By Connectivity (2024-2032) ($MN)
41 Global Smart Farming Equipment Market Outlook, By LoRaWAN (2024-2032) ($MN)
42 Global Smart Farming Equipment Market Outlook, By Cellular (2024-2032) ($MN)
43 Global Smart Farming Equipment Market Outlook, By Wi-Fi (2024-2032) ($MN)
44 Global Smart Farming Equipment Market Outlook, By Bluetooth (2024-2032) ($MN)
45 Global Smart Farming Equipment Market Outlook, By Satellite (2024-2032) ($MN)
46 Global Smart Farming Equipment Market Outlook, By Other Connectivities (2024-2032) ($MN)
47 Global Smart Farming Equipment Market Outlook, By Application (2024-2032) ($MN)
48 Global Smart Farming Equipment Market Outlook, By Weather Forecasting (2024-2032) ($MN)
49 Global Smart Farming Equipment Market Outlook, By Field Mapping (2024-2032) ($MN)
50 Global Smart Farming Equipment Market Outlook, By Yield Monitoring (2024-2032) ($MN)
51 Global Smart Farming Equipment Market Outlook, By Crop Scouting (2024-2032) ($MN)
52 Global Smart Farming Equipment Market Outlook, By Irrigation Management (2024-2032) ($MN)
53 Global Smart Farming Equipment Market Outlook, By Fertilizer & Pesticide Management (2024-2032) ($MN)
54 Global Smart Farming Equipment Market Outlook, By Farm Labor Management (2024-2032) ($MN)
55 Global Smart Farming Equipment Market Outlook, By Other Applications (2024-2032) ($MN)
56 Global Smart Farming Equipment Market Outlook, By End User (2024-2032) ($MN)
57 Global Smart Farming Equipment Market Outlook, By Large Commercial Farms (2024-2032) ($MN)
58 Global Smart Farming Equipment Market Outlook, By Contracting & Custom Operators (2024-2032) ($MN)
59 Global Smart Farming Equipment Market Outlook, By Greenhouse & Vertical Farm Operators (2024-2032) ($MN)
60 Global Smart Farming Equipment Market Outlook, By Government & Research Institutions (2024-2032) ($MN)
61 Global Smart Farming Equipment Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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