North America Internet of Things(IoT) in agriculture Market
North America Internet of Things (IoT) in agriculture market is expected to reach USD 8,269,207.85 thousand by 2031 from USD 2,518,977.03 thousand in 2023, growing with a CAGR of 16.4% in the forecast period of 2023 to 2031.
Market Segmentation
North America Internet of Things (IoT) in Agriculture Market, By Offering (Hardware and Services), Agriculture Type (Precision Farming, Precision Forestry, Dairy & Livestock Monitoring, Smart Greenhouse, Fish Farm Monitoring, and Others), Connectivity (Wi-Fi, Bluetooth, RF Technology, Zigbee, and Others), Farm Size (Large Farms, Small Farms, and Medium-Sized Farms), Distribution (Dealers and D2C), Countries (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2031
Overview of North America Internet of Things (IoT) in Agriculture Market Dynamics
Drivers
• IoT facilitates precise monitoring and management of crops, maximizing resource efficiency and boosting yields
• Government subsidies and initiatives encourage farmers to adopt IoT and digital farming technologies
• Supports sustainable practices by minimizing environmental impact
• Automates irrigation, fertilization and pest control effectively cutting down on labor cost
Restraints
• Limited internet access in rural areas affects implementation
• Compliance with varying regulations and standards across regions
Opportunities
• Rapid technological advancement in IoT devices
• Increasing adoption of drone and satellite technologies in agriculture farm
• Rising demand for livestock monitoring solution
Challenges
• High initial expenditure
• Data privacy and security
Market Players
The key market players operating in the North America Internet of Things (IoT) in agriculture market are listed below:
• Sencrop
• Pycno Industries, Inc.
• HARDWARIO a.s.
• GEA Group Aktiengesellschaft
• Ag Leader Technology
• TeeJet Technologies
• DICKEY-john
• Delair
• AKVA group
• Topcon
• ScaleAQ
• Innovasea Systems Inc.
• Afimilk Ltd.
• AgEagle Aerial Systems Inc
• Hexagon AB
• Eruvaka Technologies Pvt. Ltd
• Hylio
• TEKTELIC Communications Inc.
• CropX inc.
• Digital Matter
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