This statistic shows the market value forecast of smart agriculture worldwide in 2021 and 2027, by application. The global market size of precision agriculture was expected to grow from approximately over six billion U.S. dollars in 2021 to about 16 billion U.S. dollars by 2027.
Market value forecast of smart farming worldwide in 2021 and 2027, by application
(in billion U.S. dollars)
* Estimated.
**Forecast.
Smart farming types include precision crop farming, livestock monitoring and management, aquaculture, and others (forestry and orchids).
The source adds the following information: "The smart farming market encompasses a wide array of solutions such as hardware systems,
software, and services.
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BIS Research. (July 19, 2023). Market value forecast of smart farming worldwide in 2021 and 2027, by application (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/957271/market-value-smart-agriculture-worldwide-by-type/
BIS Research. "Market value forecast of smart farming worldwide in 2021 and 2027, by application (in billion U.S. dollars)." Chart. July 19, 2023. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/957271/market-value-smart-agriculture-worldwide-by-type/
BIS Research. (2023). Market value forecast of smart farming worldwide in 2021 and 2027, by application (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/957271/market-value-smart-agriculture-worldwide-by-type/
BIS Research. "Market Value Forecast of Smart Farming Worldwide in 2021 and 2027, by Application (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Jul 2023, https://www.statista.com/statistics/957271/market-value-smart-agriculture-worldwide-by-type/
BIS Research, Market value forecast of smart farming worldwide in 2021 and 2027, by application (in billion U.S. dollars) Statista, https://www.statista.com/statistics/957271/market-value-smart-agriculture-worldwide-by-type/ (last visited December 24, 2024)
Market value forecast of smart farming worldwide in 2021 and 2027, by application (in billion U.S. dollars) [Graph], BIS Research, July 19, 2023. [Online]. Available: https://www.statista.com/statistics/957271/market-value-smart-agriculture-worldwide-by-type/
