Global Smart Agriculture Market Size, Trends, and Growth Opportunity, By Offering (Hardware, Software), By Type (Precision Farming, Livestock, Aquaculture, and Greenhouse), By Component (Solution, Service, and Connectivity Technology), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Smart Agriculture Market
Global Smart Agriculture Market was valued at USD 16.1 billion in 2021 and is expected to reach USD 28.5 billion by 2027, at a CAGR of 5.72% from 2022-2027.
Smart agriculture is a modern method of doing agricultural activities which uses the Internet of Things, robots, sensors, artificial intelligence (AI), and other cutting-edge technologies to boost farm output. It is a creative strategy for minimizing human work and maximizing the utilization of resources.
The goal of smart agriculture is to tackle 3 main objectives: sustainably increasing agricultural productivity and incomes, adapting & building resilience to climate change, and reducing & removing greenhouse gas emissions, where possible.
Market Drivers
The increase in the automation of commercial greenhouses & rising implementation of the controlled environment agriculture concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand for Global Smart Agriculture Market during the forecast period 2027.
Furthermore, increasing pressure on the food supply system due to the rapidly growing population is expected to boost the smart agriculture market in the future.
Market Restraints
Livestock farming has increased environmental concerns and global warming. This factor restrains the growth of the smart agriculture market.
Market Segmentation
The global smart agriculture market is segmented into offering, type, component, and region.
Based on the offering, the market is bifurcated into hardware, software, and services. The hardware segment is expected to hold the largest market share in 2022.
Regional Analysis
The global smart agriculture market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the smart agriculture market. Growing government initiatives & regulations to enhance the agriculture industry in the region are expected to drive the regional demand during the forecast period 2027. The factors can be attributed to the surging deployment of IoT- & AI-driven livestock monitoring devices by dairy farmers and the growing adoption of new technologies & modern smart agricultural devices in the region.
Key Players
Various key players are discussed in the Global Smart Agriculture Market Report including AG Leader Technology, AGCO, AgJunction, Deere & Company, DeLaval, GEA Group, Precision Planting, Raven Industries, SST Development Group, and Teejet Technologies.
For instance, in November 2020, AG Leader Technology improved its InCommand displays and expanded its SteerCommand product portfolio to include built in-house SteerCommand Z2 and SteadySteer. End users will use a single-use interface to steer and operate any farming equipment with these items.
Market Taxonomy
By Offering
•            Hardware
•            Software
By Type
•            Precision Farming
•            Livestock
•            Aquaculture
•            Greenhouse
By Component
•            Solution
•            Service
•            Connectivity Technology
By Region
•            North America
•            Latin America
•            Europe
•            Asia Pacific
•            Middle East & Africa

Global Smart Agriculture Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Agriculture Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Agriculture Market, By Offering
5.1 Y-o-Y Growth Comparison, By Offering 
5.2 Global Smart Agriculture Market Share Analysis, By Offering 
5.3 Global Smart Agriculture Market Size and Forecast, By Offering
5.3.1 Hardware
5.3.2 Software
6 Global Smart Agriculture Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Smart Agriculture Market Share Analysis, By Type
6.3 Global Smart Agriculture Market Size and Forecast, By Type
6.3.1 Precision Farming
6.3.2 Livestock
6.3.3 Aquaculture
6.3.4 Greenhouse
7 Global Smart Agriculture Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Global Smart Agriculture Market Share Analysis, By Component
7.3 Global Smart Agriculture Market Size and Forecast, By Component
7.3.1 Solution
7.3.2 Service
7.3.3 Connectivity Technology
8 Global Smart Agriculture Market, By Region
8.1 Global Smart Agriculture Market Share Analysis, By Region
8.2 Global Smart Agriculture Market Share Analysis, By Region
8.3 Global Smart Agriculture Market Size and Forecast, By Region
9 North America Smart Agriculture Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Smart Agriculture Market Share Analysis, By Offering
9.3 North America Smart Agriculture Market Size and Forecast, By Type
9.4 North America Smart Agriculture Market Size and Forecast, By Component
9.5 North America Smart Agriculture Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Smart Agriculture Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Smart Agriculture Market Share Analysis, By Offering 
10.3 Europe Smart Agriculture Market Size and Forecast, By Type 
10.4 Europe Smart Agriculture Market Size and Forecast, By Component
10.5 Europe Smart Agriculture Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Smart Agriculture Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Smart Agriculture Market Share Analysis, By Offering 
11.3 Asia Pacific Smart Agriculture Market Size and Forecast, By Type 
11.4 Asia Pacific Smart Agriculture Market Size and Forecast, By Component
11.5 Asia Pacific Smart Agriculture Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Smart Agriculture Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Smart Agriculture Market Share Analysis, By Offering 
12.3 Latin America Smart Agriculture Market Size and Forecast, By Type 
12.4 Latin America Smart Agriculture Market Size and Forecast, By Component
12.5 Latin America Smart Agriculture Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Smart Agriculture Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Smart Agriculture Market Share Analysis, By Offering 
13.3 Middle East Smart Agriculture Market Size and Forecast, By Type 
13.4 Middle East Smart Agriculture Market Size and Forecast, By Component
13.5 Middle East Smart Agriculture Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 AG Leader Technology
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 AGCO
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 AgJunction
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Deere & Company
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 DeLaval
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 GEA Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Teejet Technologies
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Precision Planting
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Raven Industries
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies 
15.10 SST Development Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies