The United States agtech market reached around USD 5.57 Billion in 2024. The market is estimated to grow at a CAGR of 8.40% between 2025 and 2034 to reach around USD 12.48 Billion by 2034.

United States AI in Agriculture Market was valued at USD 351.09 Million in 2023 and is anticipated to reach USD 705.74 Million in the forecast period with a CAGR of 12.30% through 2029.

Precision agriculture systems and services have experienced substantial growth over the past five years. This growth is primarily driven by the increased adoption of IoT and smart devices, allowing farmers to optimize production efficiencies through real-time data on soil conditions, crop health and weather patterns. Despite initial disruptions from the COVID-19 pandemic, the industry demonstrated resilience due to technological advancements, improved agricultural markets and increasing demand for larger equipment. As a result, industry revenue has grown at a CAGR of 10.9% to $7.6 billion in 2024, with a 1.4% increase in 2024 alone. Advances in drone technology, precision farming software and data analytics have further contributed to this robust growth, enabling more precise and efficient farming practices. Industry profit is predominantly driven by demand from agribusiness sectors, government support and ongoing technological innovations. The various downstream markets, including farm machinery manufacturers, family-owned farms and publicly funded research operations, significantly contribute to revenue generation. The rapid adoption of cutting-edge technologies such as AI, ML and smart devices, combined with government policies promoting sustainable agricultural practices, has bolstered industry profit during the current period. Additionally, partnerships between tech companies and agricultural firms have accelerated innovation, enhancing the capabilities of precision agriculture technologies and supporting higher profitability for machinery manufacturers and service providers. The industry is projected to sustain its robust expansion, growing at a CAGR of 2.7% to $8.7 billion over the next five years. The continuation of favorable policies, such as the potential renewal of the Farm Bill, will support rural development and provide financial aid that make precision agriculture products more accessible. Advances in AI and machine learning will further revolutionize farm management through predictive analytics and automated decision-making capabilities. However, challenges persist, such as the reluctance of some farmers to adopt new technologies and concerns over data security and privacy. Despite these challenges, the expansion of autonomous farming equipment and the increased penetration of broadband and mobile technologies in rural areas are expected to drive greater acceptance and integration of precision agriculture practices, ensuring the industry's sustained growth and profitability.

Precision Farming Agriculture Market Outlook

The global precision farming agriculture market size was estimated at USD 7.0 billion in 2023 and is projected to reach USD 15.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2032. The growth of this market is primarily driven by advancements in technology and increasing demand for food production efficiency.

One of the most significant growth factors in the precision farming agriculture market is the rapid advancement in agricultural technologies. Innovations such as Internet of Things (IoT), big data analytics, and artificial intelligence have enabled farmers to collect and analyze data from their fields, leading to more informed decision-making processes. This shift towards data-driven farming helps optimize resources such as water, fertilizers, and pesticides, thereby increasing yield and reducing costs. Additionally, the integration of Geographic Information Systems (GIS) and GPS technology in farming practices allows for more precise planting, cultivating, and harvesting, which further boosts productivity and efficiency.

Another critical factor contributing to the market's growth is the increasing global population, which drives the demand for more efficient food production systems. With the world's population projected to reach 9.7 billion by 2050, there is an urgent need to produce more food while minimizing environmental impact. Precision farming offers a viable solution by enabling farmers to manage their resources more effectively, reducing waste, and maximizing crop yields. The rising awareness about sustainable farming practices and the need to address climate change concerns have also led to the adoption of precision farming techniques.

Government initiatives and subsidies aimed at promoting precision farming are further propelling the market's growth. Various governments across the globe are recognizing the potential benefits of precision farming in enhancing food security and agricultural sustainability. As a result, they are investing in research and development, providing financial assistance, and implementing favorable policies to encourage the adoption of precision farming technologies. For instance, the European Union's Common Agricultural Policy (CAP) includes measures to support precision farming practices, while the United States Department of Agriculture (USDA) offers grants and loans to farmers for implementing advanced agricultural technologies.

Agriculture Variable Rate Technology (VRT) is revolutionizing the way farmers manage their fields by allowing precise application of inputs like fertilizers, pesticides, and water. This technology leverages data from various sources, such as soil sensors and yield monitors, to customize the application rates for different areas within a field. By doing so, VRT not only enhances crop productivity but also minimizes the environmental impact of farming practices. Farmers can achieve significant cost savings by reducing the overuse of chemicals and water, which is increasingly important in the context of sustainable agriculture. As awareness about the benefits of VRT grows, more farmers are expected to adopt this technology, further driving the precision farming market.

From a regional perspective, North America holds a significant share of the precision farming agriculture market, driven by the early adoption of advanced technologies and the presence of a large number of key market players. The Asia Pacific region is expected to witness substantial growth during the forecast period, primarily due to the increasing demand for food production and the adoption of modern farming practices in countries such as China and India. Europe is also a noteworthy market, with countries like Germany and France focusing on sustainable agriculture and smart farming initiatives.

Technology Analysis

The precision farming agriculture market can be segmented by technology into guidance systems, remote sensing, variable rate technology, and others. Guidance systems, such as GPS-based auto-steering, play a crucial role in precision farming by enabling farmers to automate their machinery, ensuring precise and efficient field operations. These systems help in reducing overlaps and gaps in field activities, thereby saving time, fuel, and labor costs. The increasing adoption of autonomous tractors and drones equipped with guidance systems is further driving the growth of this segme

The Americas precision agriculture software market is experiencing robust growth, driven by increasing adoption of technology among farmers to enhance efficiency and productivity. The market, valued at approximately $X million in 2025 (assuming a logical extrapolation based on the provided CAGR of 17% and a study period of 2019-2033), is projected to reach $Y million by 2033. This significant expansion is fueled by several key factors. Firstly, the rising demand for higher crop yields in response to a growing global population necessitates the implementation of precision agriculture techniques. Secondly, advancements in software capabilities, including AI-powered analytics and data integration from various farm sensors, are making precision ag software more user-friendly and effective. Furthermore, government initiatives promoting sustainable agriculture and technological adoption are also contributing to market growth. The cloud-based segment is anticipated to dominate the market due to its scalability, accessibility, and real-time data processing capabilities. Key players like Trimble, Granular, and Deere & Company are driving innovation and expanding their market share through strategic partnerships, acquisitions, and product development. Competition is intensifying, with both established and emerging companies vying for market dominance. The Americas market is further segmented geographically, with the United States holding the largest market share, followed by Brazil and Canada. The region's unique agricultural landscape and varying adoption rates across countries present both opportunities and challenges. While high initial investment costs and the digital literacy gap among some farmers pose restraints, the increasing availability of affordable solutions and government support programs are gradually mitigating these limitations. The overall outlook for the Americas precision agriculture software market remains highly positive, with continued growth expected throughout the forecast period, driven by technological innovations and the increasing need for sustainable and efficient agricultural practices. The market's future trajectory will likely be influenced by factors such as advancements in sensor technology, the development of more sophisticated analytical tools, and evolving farmer preferences. Key drivers for this market are: , Adoption of Precision Technology in the Sustainable and Efficient Agriculture Sector in Americas; Shortage of Farm labor, Along with Increasing Farm Size Across North America. Potential restraints include: , Adoption of Precision Technology in the Sustainable and Efficient Agriculture Sector in Americas; Shortage of Farm labor, Along with Increasing Farm Size Across North America. Notable trends are: Cloud-based Precision Farming Software is Expected to Grow Significantly.

The US agricultural industry has been shaped by fluctuations in crop prices, production levels and yields. While prices for core US crops such as corn and wheat remain above historical averages, they have moderated from the peaks seen in 2021-2022. This moderation has clashed with high production costs, particularly for inputs like seeds and fertilizers, which have not decreased in line with prices and revenues. As a result, farmers are encountering tighter profit, even as industry revenue has grown overall. Despite the pressures from input costs, technological advancements such as precision agriculture are helping to offset some challenges by improving efficiency and production. Overall, revenue has grown at a CAGR of 2.7% to reach an estimated $586.5 billion after a decrease of 2.7% in 2025. In tandem with these price and production shifts, consumer preferences are exerting significant influence over the agricultural landscape. The demand for sustainable and ethically-produced livestock products is rising, prompting producers to adapt their practices to meet changing consumer expectations. This shift comes amid severe drought conditions forcing cattle herd liquidations, a move that has boosted revenues through higher prices and sales volumes but ultimately stresses long-term supplies. Meanwhile, climate change continues to introduce strong production fluctuations, as evidenced by altering pest and disease patterns and extreme weather events disrupting traditional farming cycles. Adaptation strategies, such as planting drought-resistant crops and investing in climate-smart technologies, are becoming increasingly common as farmers strive to maintain resilience. In the coming five years, the sector will struggle to maintain revenue as prices decline in key segments and climate change adds a great deal of volatility. Sector revenue is forecast to decline at a CAGR of 1.4% to reach $546.4 billion in 2030. Crop prices are projected to decline over the next decade, while yields are expected to trend upward due to ongoing technological advancements. Despite drops in overall export revenue and competition from producers such as China and Brazil, emerging markets, particularly in Asia and Africa, will present new avenues for growth as demand for diverse agricultural products increases. Additionally, the potential for income generation through participation in carbon markets and adoption of nature-positive farming practices offers promising revenue diversification. The increasing frequency of extreme seasons and weather events, however, will make production planning challenging and exaggerate farmers' dependence on agricultural services, agrochemicals, irrigation and other expenses, putting pressure on profit as farmers try to maintain yields.

The global regenerative agriculture market size is predicted to reach US$ 4,364.4 million in 2024, with a CAGR of 15.6% during the forecast period. The growing support from governments, organizations, and farmer welfare associations propels regenerative agriculture market growth.

From Surging Demand for Premium Food Options to AI Integration, the Regenerative Agriculture market has come a long way

Country-wise Insights

Category-wise Insights

Report Scope

The global smart agriculture market is experiencing robust growth, projected to reach $17.52 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 10.22% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing need for enhanced agricultural productivity to meet the demands of a growing global population is a major catalyst. Secondly, technological advancements in areas such as precision farming, smart greenhouses, and livestock monitoring are providing farmers with tools to optimize resource utilization, improve yields, and reduce operational costs. The integration of IoT devices, data analytics, and AI is revolutionizing farming practices, enabling data-driven decision-making and contributing to more sustainable agricultural operations. Furthermore, favorable government initiatives and policies aimed at promoting technological adoption in agriculture are further accelerating market growth. The market is segmented by type (precision farming, smart greenhouses, livestock monitoring, others), product (hardware, software, services), and region (North America, Europe, APAC, South America, Middle East & Africa), offering diverse investment and growth opportunities. Competition is intense, with established players like Deere & Company, Trimble Inc., and AGCO Corp. alongside innovative startups vying for market share. Future growth will likely be influenced by factors such as advancements in sensor technology, the expansion of high-speed internet access in rural areas, and increasing farmer awareness of the benefits of smart agriculture technologies. The North American market, particularly the United States and Canada, currently holds a significant share of the global market due to the advanced agricultural infrastructure and early adoption of precision farming techniques. However, the Asia-Pacific region, especially China and India, is poised for substantial growth in the coming years, fueled by increasing investment in agricultural technology and government support for modernization. Europe also represents a significant market, with advanced technological adoption in countries like Germany and the UK. The continued development and deployment of innovative solutions, coupled with the escalating demand for food security and sustainable agricultural practices, will be key drivers shaping the future trajectory of the smart agriculture market throughout the forecast period. Challenges, such as high initial investment costs for some technologies and the need for adequate digital literacy among farmers, need to be addressed to ensure widespread adoption and maximize the market's growth potential.

The U.S. agriculture equipment market witnessed shipments of 767.88 thousand units in 2023 and is expected to reach 950.26 thousand units by 2029, growing at a CAGR of 3.62% during the forecast period.

Access North America Agriculture Analytics Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Offering, Agriculture Type, Farm Size, Technology, End-User

The US Agriculture Equipment Market report segments the industry into Tractors, Plowing And Cultivating Machinery (Ploughs, Harrows, Cultivators & Tillers), Planting Machinery (Seed Drills, Planters, Spreaders), Harvesting Machiney (Combine Harvesters, Forage Harvesters), Haying And Forage Machinery (Mowers, Balers), Irrigation Machinery (Sprinkler Irrigation, Drip Irrigation), and Other Agricultural Machinery.

The United States agricultural equipment market was valued more than USD 47 Billion in 2023.

Market Size statistics on the Precision Agriculture Systems & Services industry in the US

The precision farming software market is experiencing robust growth, driven by the increasing need for optimized resource utilization and enhanced crop yields in agriculture. A compound annual growth rate (CAGR) of 14% from 2019 to 2024 suggests a significant expansion, indicating a strong market pull towards technology-driven solutions. The market's segmentation reveals a diverse landscape, with crop management, financial management, and farm inventory management software as key application areas. Cloud-based solutions are gaining traction due to their accessibility, scalability, and real-time data capabilities, surpassing the local or web-based software segment in growth rate. Major players like John Deere, Trimble, and others are heavily investing in R&D, resulting in sophisticated software offering advanced analytics and predictive capabilities. The market's regional distribution likely mirrors global agricultural production patterns, with North America and Europe holding substantial market share initially, followed by a rapid expansion in the Asia-Pacific region due to increasing farm mechanization and technological adoption. Further growth is propelled by several factors. The increasing availability of affordable high-speed internet and mobile technologies is expanding the reach of precision farming software to smaller farms and developing countries. Government initiatives promoting digital agriculture are also fueling adoption, alongside the growing demand for sustainable and efficient farming practices to address concerns about climate change and resource scarcity. However, challenges remain, including the high initial investment costs for some software solutions, the digital literacy gap among farmers, and data security concerns. Overcoming these barriers will be crucial for sustaining the market's impressive growth trajectory. The forecast period of 2025-2033 anticipates continuous expansion, with likely shifts in market share among different segments and regions as technology evolves and adoption rates vary. We can project significant increases in market size, potentially reaching several billions of dollars by 2033, based on the sustained CAGR and expanding global demand for efficient agricultural solutions. Recent developments include: January 2022: John Deere introduced a fully autonomous tractor. The machine combined Deere's 8R tractor, TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies, which will help the company expand its footprint in the precision agriculture field., November 2021: CNH Industrial acquired Raven Industries, a leading precision agriculture technology company in the United States, for USD 1.2 billion. This acquisition is expected to help the company invest and innovate in groundbreaking precision agriculture technology., May 2021: John Deere announced the acquisition of autonomous driving technology-based startup Bear Flag Robotics for USD 250 million. This acquisition is expected to help both companies deliver advanced technological solutions to farmers.. Notable trends are: Farm Labor Shortage and Rise in Average Farm Size.

The Agriculture Technology-as-a-Service (AgTech-aaS) market is experiencing robust growth, driven by the increasing need for precision agriculture and data-driven decision-making among farmers and agricultural businesses. The market's expansion is fueled by several key factors: the rising adoption of software and equipment-as-a-service models, offering flexible and cost-effective solutions for farmers of all sizes; advancements in technologies like AI, IoT, and drone-based analytics enhancing farm efficiency and yield; and growing government initiatives promoting digitalization and sustainable agricultural practices. Software-as-a-Service (SaaS) solutions, encompassing farm management software, precision irrigation systems, and yield monitoring tools, currently dominate the market due to their accessibility and scalability. However, the Equipment-as-a-Service (EaaS) segment, including robotic harvesting systems and autonomous tractors, is projected to witness significant growth driven by increasing demand for automation and labor cost reduction. Major players like AGCO, DJI Technology, and others are strategically investing in R&D and partnerships to capitalize on this growth, leading to a competitive yet innovative market landscape. The geographical distribution of the AgTech-aaS market reflects the varying levels of technological adoption and infrastructure across different regions. North America, particularly the United States, currently holds a significant market share due to its advanced agricultural practices and substantial investments in technological innovations. However, rapidly developing economies in Asia-Pacific, particularly India and China, are projected to demonstrate significant growth in the coming years, driven by increasing agricultural output and government support for technological upgrades within their farming sectors. Europe also presents a substantial market, particularly in countries with advanced farming techniques and strong environmental regulations. The market's future trajectory will depend heavily on technological advancements, evolving farmer adoption rates, and the regulatory landscape supporting innovation in the agricultural technology sector. Furthermore, factors such as climate change adaptation and sustainability concerns will play a crucial role in shaping the demand for AgTech-aaS solutions.

The United States agricultural equipment market will grow from USD 39.4 billion in 2024 to USD 57.1 billion by 2032, at a CAGR of 4.9% during 2025–2032.

Smart Agriculture Solution Market Outlook

The global smart agriculture solution market size was valued at approximately USD 13.6 billion in 2023 and is projected to reach USD 27.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2032. This impressive growth can be attributed to increasing demand for sustainable farming practices, advancements in technology, and the growing need for efficient crop management techniques. Additionally, the integration of IoT, AI, and big data analytics is revolutionizing the agricultural sector by enabling real-time monitoring and data-driven decision-making.

One of the key growth factors driving the smart agriculture solution market is the rising global population, which necessitates an increase in food production. With traditional farming methods proving inadequate to meet the growing demand, smart agricultural solutions provide efficient alternatives. Precision farming, for instance, allows for optimal use of resources such as water and fertilizers, thereby enhancing crop yields and reducing waste. Moreover, the adoption of smart technologies can help farmers monitor crop health, weather conditions, and soil quality, ensuring timely interventions and better productivity.

Technological advancements are another significant driver of market growth. Innovations in IoT, AI, and robotics are transforming the way farming operations are conducted. IoT devices and sensors enable continuous monitoring of crops and livestock, offering real-time data that can be used to make informed decisions. AI algorithms can analyze this data to predict crop yields, identify pest infestations, and recommend the best farming practices. Robotics, on the other hand, automate labor-intensive tasks such as planting, watering, and harvesting, thereby increasing efficiency and reducing labor costs.

Government initiatives and supportive policies are also playing a crucial role in the expansion of the smart agriculture solution market. Many governments around the world are promoting the adoption of smart farming technologies through subsidies, grants, and training programs. These initiatives aim to modernize the agricultural sector, improve food security, and promote sustainable farming practices. For example, the European Union's Common Agricultural Policy (CAP) has allocated significant funds to digitize farming operations across member states, thereby boosting the adoption of smart agriculture solutions.

From a regional perspective, North America and Europe are leading the way in the adoption of smart agriculture solutions, driven by high levels of technological adoption and substantial investments in R&D. However, Asia Pacific is expected to witness the fastest growth during the forecast period, owing to the increasing demand for food production and the rising awareness about the benefits of smart farming practices. Countries like China, India, and Japan are investing heavily in agricultural technology to enhance productivity and ensure food security.

Component Analysis

In the smart agriculture solution market, the component segment is categorized into hardware, software, and services. The hardware segment includes sensors, drones, GPS systems, and other physical devices that are crucial for collecting and transmitting data. This segment is expected to hold a significant market share due to the growing adoption of advanced farming equipment. Sensors, for instance, are widely used for soil monitoring, weather tracking, and crop health assessment. They provide real-time data that helps farmers make informed decisions, thereby improving crop yields and reducing resource wastage.

The software segment comprises various applications and platforms that analyze the data collected by hardware devices. This includes farm management software, yield mapping, and data analytics tools. The software segment is anticipated to grow rapidly due to the increasing need for data-driven decision-making in farming operations. Advanced software solutions offer predictive analytics and real-time monitoring capabilities, enabling farmers to optimize resource use and enhance productivity. These solutions also facilitate better planning and forecasting, which are essential for efficient farm management.

Services in the smart agriculture solution market include consulting, system integration, and maintenance services. This segment is expected to witness substantial growth as farmers increasingly seek expert advice to implement and manage smart farming technologies. Consulting services help farmers choo

The global agritech market size Was Worth USD 23.5 billion in 2022 and Is Expected To Reach USD 79.7 billion by 2030, CAGR of 16.5%.

Snapshot img

Agribusiness Market Size 2025-2029

The agribusiness market size is forecast to increase by USD 843.4 million, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by population growth, which is leading to an increased demand for food production. This trend is placing immense pressure on the industry to find innovative solutions to meet the rising demand, particularly in the context of a shrinking amount of arable land. One response to this challenge is the adoption of automation in agriculture, with technologies such as precision farming, drones, and robotics gaining traction. These solutions aim to optimize resource usage and increase efficiency, enabling farmers to produce more with less land. However, the implementation of automation also presents challenges, including high upfront costs and the need for significant investment in technology and infrastructure.
Additionally, regulatory compliance and data security concerns add complexity to the adoption process. To capitalize on the market opportunities presented by population growth and the need for more efficient agriculture, companies must navigate these challenges and invest in technologies that can help them stay competitive while addressing the sustainability and productivity demands of the industry.

What will be the Size of the Agribusiness Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, shaped by various dynamics that impact different sectors. Land use patterns are shifting, with an increasing focus on carbon sequestration and sustainable farming practices. Precision agriculture is revolutionizing yield optimization, while food processing and packaging technologies advance to ensure food safety and traceability. Seed production and agricultural biotechnology are driving innovation in crop production, and harvesting equipment is becoming more efficient and eco-friendly. Food security remains a critical concern, leading to the adoption of irrigation systems, biodiversity conservation, and sustainable farming practices. Livestock feed and breeding are undergoing transformations, with a focus on disease prevention and environmental sustainability.

Pest control methods are evolving, with a shift towards more natural and less harmful alternatives. Supply chain management is becoming more complex, with the integration of farm management software and crop rotation techniques. Water conservation is a priority, with new technologies and practices emerging to address this challenge. Agribusiness investment is on the rise, driven by market volatility and price fluctuations due to climate change adaptation and commodity trading. Direct marketing and consumer dietary trends are influencing food distribution, with a growing demand for locally sourced and organic produce. Vertical farming and agricultural finance are gaining traction, offering solutions to land tenure issues and providing access to capital for small-scale farmers.

The ongoing unfolding of these market activities and evolving patterns underscores the continuous nature of the agribusiness landscape.

How is this Agribusiness Industry segmented?

The agribusiness industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Grains and cereals
  Dairy
  Oilseeds
  Livestock
  Others


Application

  Agrichemicals
  Seed business
  Breeding
  Machinery and equipment


Technology

  Traditional agriculture
  Mechanized farming
  Precision agriculture and smart farming
  Organic and sustainable Farming


Distribution Channel

  Retail chains and supermarkets
  Wholesale distribution
  Direct-to-consumer
  Food processing and manufacturing companies


Farm Size

  Small-Scale Farms
  Medium-Scale Farms
  Large-Scale Farms


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Argentina
    Brazil


  Rest of World (ROW)

.

By Product Insights

The grains and cereals segment is estimated to witness significant growth during the forecast period.

The market encompasses various sectors, including grains and cereals, dairy production, land use, carbon sequestration, agricultural machinery, organic farming, yield optimization, food security, irrigation systems, biodiversity conservation, supply chain management, livestock feed, livestock breeding, pest control, poultry farming, government subsidies, farm management software, crop rotation, water conservati

Graph and download economic data for Corporate Farm Business; Land at Market Value, Level (BOGZ1FL185010005A) from 1945 to 2024 about land, market value, agriculture, business, and USA.