How big is the Smart Farm Market?

The Smart Farm Market size is expected to reach USD 16.82 billion in 2024 and grow at a CAGR of 9.80% to reach USD 26.87 billion by 2029. Read More

What is the current Smart Farm Market size?

In 2024, the Smart Farm Market size is expected to reach USD 16.82 billion. Read More

Who are the key players in Smart Farm Market?

Deere & Company, Trimble Inc., Innovasea Systems Inc., AGCO Corporation and IBM Corporation are the major companies operating in the Smart Farm Market. Read More

Which is the fastest growing region in Smart Farm Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Farm Market?

In 2024, the North America accounts for the largest market share in Smart Farm Market. Read More

What years does this Smart Farm Market cover, and what was the market size in 2023?

In 2023, the Smart Farm Market size was estimated at USD 15.17 billion. The report covers the Smart Farm Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Farm Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Farm Market Share

Statistics for the 2023 & 2024 Smart Farm market share, created by Mordor Intelligence™ Industry Reports. Smart Farm share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Farm Industry

The smart farm market is semi-consolidated and consists of fewer players occupying a moderate market share. Market players adopt various strategies such as strategic mergers and acquisitions, product innovation, and market expansion to stay ahead of the competition. Some key players include Deere & Company, Trimble Inc., Innovasea Systems Inc., AGCO Corporation, and IBM Corporation. Some of the recent developments in the market include:

• July 2024 - GAMAYA and Terraview announced their merger, uniting their AI-driven platforms to improve sustainability and climate resilience in global food production. This strategic initiative seeks to tackle decarbonization and enhance water efficiency in sugarcane and grape cultivation, intending to broaden its reach into other value chains and emerging markets. The newly formed entity will function under the GAMAYA brand.

• May 2024 - Innovasea announced its intention to provide land-based aquaculture solutions to the aquaculture sector in Chile. The company is broadening its range of professional services and technological offerings to effectively support the expanding land-based salmon farming industry in Chile, which is recognized as one of the largest fish farming areas globally.