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.
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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 November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/720062/market-value-smart-agriculture-worldwide/ (last visited November 10, 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.ezproxy.canberra.edu.au/statistics/720062/market-value-smart-agriculture-worldwide/
