Latest Market Research Report 2025

The global smart agriculture market was valued at USD 22.65 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. This rapid growth is driven primarily by the increasing automation of commercial greenhouses and the widespread adoption of controlled environment agriculture (CEA) in greenhouse setups. CEA enables cultivators to achieve higher yields by carefully managing factors like temperature, humidity, and lighting, resulting in optimal growing conditions. As cultivators increasingly recognize the advantages of greenhouse cultivation, the development and adoption of commercial greenhouses have expanded. There is a shift away from traditional lighting systems toward LED grow lights, which, despite their higher initial cost, are favored for their energy efficiency and suitability for CEA setups in indoor farming environments. The smart agriculture market is also propelled by advancements in equipment equipped with sophisticated se...

The global smart agriculture market was valued at USD 22.65 billion in 2023 and is projected to grow at an impressive compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. This growth is largely driven by the increasing automation of commercial greenhouses and the rising adoption of controlled environment agriculture (CEA) practices within these greenhouses. These approaches aim to optimize growing conditions and maximize yield, which cultivators are increasingly recognizing as vital to their success. The shift towards commercial greenhouses is underscored by a growing understanding of the benefits associated with controlled environments for plant growth. A significant development in this space is the transition from conventional lighting systems to LED grow lights. Despite their higher upfront costs, LED lights are favored for indoor farming due to their energy efficiency and longevity, making them an ideal choice for integration into CEA setups. This advancement not only sup...

  The global smart agriculture market was valued at USD 22.65 billion in 2023 and is projected to grow at a robust compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. This significant growth is driven by the increasing automation of commercial greenhouses and the rising adoption of controlled environment agriculture (CEA). CEA, which focuses on optimizing growing conditions for crops, is becoming increasingly popular among cultivators as it offers better control over factors like temperature, humidity, and light. The result is higher crop yields and more efficient resource usage. The adoption of technologies such as LED grow lights, which are becoming a preferred option for indoor farming despite their higher initial cost, further underscores the trend toward more advanced agricultural practices. LED grow lights provide long-term benefits in terms of energy efficiency, making them ideal for greenhouse setups that require precise environmental control. Market Drivers and ...

  Smart Agriculture Industry Overview The global smart agriculture market size was valued at USD 14.44 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2022 to 2030. Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency. Gather more insights about the market drivers, restrains an...