This statistic shows the market value of smart farming worldwide in 2023, and provided a forecast for 2024 to 2033. The global market size of smart agriculture is expected to grow from **** billion U.S. dollars in 2023 to over ** billion U.S. dollars by 2033.

This statistic shows the first year return on investment for different agri-tech solutions. Tech planter solution cost was estimated over ** thousand U.S. dollars, while the benefit of this solution after a year was estimated about over ** thousand U.S. dollars.

In 2023, China's smart agriculture industry was estimated to have a value of over ** billion yuan. Along with the development of the country's artificial intelligence industry, the agricultural sector has transformed hugely. Some smart farming applications are drones, self-driving vehicles, and precision fertilizing.

This statistic shows the forecasted market value of precision farming worldwide from 2021 to 2027. The market value of precision farming is expected to grow from approximately seven billion U.S. dollars in 2021 to 14.5 billion U.S. dollars by 2027.

Sales generated within the smart agriculture market in Japan were forecasted to reach around ***** billion Japanese yen by fiscal year 2030, up from a market size of under *** billion yen in fiscal year 2015. The Japanese smart agriculture market includes a variety of technological and artificial intelligence-based solutions to digitalize and efficiently support production processes within the agricultural sector.

The value of artificial intelligence in the global agriculture market was estimated to be around *** billion U.S. dollars in 2023 and is forecast to grow to about *** billion U.S. dollars by 2028.

This statistic represents the estimated size of the European smart farming market in 2021 and 2027. The European market for smart farming is expected to be sized at around *** billion U.S. dollars by 2027.

In 2020, the market size of smart agriculture in Sout Korea was around *** million U.S. dollars and it was forecasted to reach about *** million U.S. dollars in 2025. In 2020, almost six thousand hectares of greenhouse horticulture were run by smart farming.

Share of the agriculture drones worldwide was about ** percent of the total drones market as of 2022.

This statistic shows the size of the farm management software and services market worldwide in 2020 and 2026. In 2020, the global farm management software and services market was valued at one billion U.S. dollars worldwide, and is expected to grow to over five billion U.S. dollars. An increased demand for cloud services as well as government initiatives promoting improved farming practices and cost-effectiveness are contributing to market growth.

This statistic shows the market share of smart agriculture worldwide in 2017, by region. In that year, North America held a **** percent share of the smart farming market worldwide.

This statistic shows the compound annual growth rate (CAGR) of the smart agriculture industry worldwide between 2017 and 2022, by application. According to the report, the global market for indoor farming was estimated to grow by a CAGR of **** percent between 2017 and 2022.

The total global market size for agriculture technology-as-a-service stood at about 1.8 billion U.S. dollars in 2023. Software-as-a-service is responsible for the majority of the market with about 1.1 billion U.S. dollars.

As of 2022, guidance technology was the leading technology in the precision agriculture market in the Middle East and North Africa (MENA) region worth **** million U.S. dollars. It was estimated that it will rise to ***** million U.S. dollars by 2028. In 2022, the market size of the precision agriculture sector in the Middle East and North Africa was around ***** million U.S. dollars, and it was estimated to reach revenue of ***** million U.S. dollars by 2028.

Over the past few years, the application of IoT in agriculture has enabled smart farming. The deployment of such technology has resulted in increased efficiency in activities such as planting, growing, harvesting, checking crops, and others. In 2020, the global application of IoT in precision crop farming amounted to **** billion U.S. dollars and is expected to reach well over ** billion U.S. dollars in 2026.

This statistic shows the compound annual growth rate (CAGR) of smart agriculture worldwide between 2017 and 2022, by region. According to the report, the smart farming market in the Asia Pacific region was estimated to have a CAGR of **** percent between 2017 and 2022.

The global market for smart harvesting is expected to approximately double in size between 2022 and 2028. ******************************* held the biggest share of the market, valued at about *** billion U.S. dollars in 2022.

The market value of smart farming in Thailand amounted to around ***** million U.S. dollars in 2018, and was forecasted to reach ***** million U.S. dollars in 2022. Smart farming is a part of Thailand's 4.0 economic model, aiming to enhance the agricultural production and processes with the use of technologies and digital components such as remote sensing, geomapping, and drones.

In 2021, the market value of global agricultural technology (agtech) stood at approximately **** billion U.S. dollars. The agtech market is expected to increase rapidly in the years up to 2025, potentially more than doubling its current value by then. The agtech market consists of the following segments: agricultural management platforms, supply chain and inventory management solutions, GPS services and field mapping services, agricultural monitoring services, and micro-farming solutions.

The size of the farm management software and data analytics market worldwide from 2021 to 2026 is expected grow with a CAGR of ***** percent. In 2020, the global farm management software and data analytics market was valued at *** billion U.S. dollars worldwide. North America has a significant presence in the market due to quicker development and implementation of data based technology applied towards agriculture, with a market size of almost half a billion U.S. dollars.