This statistic shows the market value of smart farming worldwide in 2021, and provided a forecast for 2022 to 2027. The global market size of smart agriculture is expected to grow from approximately 15 billion U.S. dollars in 2022 to 33 billion U.S. dollars by 2027.
Forecast market value of smart farming worldwide in 2021 to 2027
(in billion U.S. dollars)
Smart farming types Precision Agriculture, Livestock Monitoring and Management, Indoor Farming, Aquaculture, and Others
Supplementary notes
For the Statista estimate an exponential development of the values between 2022 and 2027 was assumed to estimate the annual values. The values for 2021, 2022 and 2027 were provided by the source.
Figures have been rounded.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
BIS Research. (July 16, 2023). Forecast market value of smart farming worldwide in 2021 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/720062/market-value-smart-agriculture-worldwide/
BIS Research. "Forecast market value of smart farming worldwide in 2021 to 2027 (in billion U.S. dollars)." Chart. July 16, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/720062/market-value-smart-agriculture-worldwide/
BIS Research. (2023). Forecast market value of smart farming worldwide in 2021 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/720062/market-value-smart-agriculture-worldwide/
BIS Research. "Forecast Market Value of Smart Farming Worldwide in 2021 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Jul 2023, https://www.statista.com/statistics/720062/market-value-smart-agriculture-worldwide/
BIS Research, Forecast market value of smart farming worldwide in 2021 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/720062/market-value-smart-agriculture-worldwide/ (last visited December 22, 2024)
Forecast market value of smart farming worldwide in 2021 to 2027 (in billion U.S. dollars) [Graph], BIS Research, July 16, 2023. [Online]. Available: https://www.statista.com/statistics/720062/market-value-smart-agriculture-worldwide/
