The Europe Agriculture IoT Market would witness market growth of 9.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Agriculture IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,442.3 million by 2031. The UK market is exhibiting a CAGR of 8.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.8% during (2024 - 2031).
One of the significant drivers of the agriculture IoT market is the increasing adoption of precision farming techniques. Precision agriculture enables farmers to optimize their water, fertilizers, pesticides, and energy use, ensuring these resources are applied only where and when needed. IoT sensors in fields provide real-time feedback on soil and weather conditions, helping farmers tailor their practices to specific crop requirements. Another crucial factor propelling the agriculture IoT market is the rising popularity of vertical and urban farming. As urbanization expands and arable land becomes scarcer, the need for innovative farming methods has grown. IoT technologies play a pivotal role in enabling vertical and urban farming by creating controlled environments that ensure optimal growth conditions for crops.
The market increasingly focuses on sustainability and environmental conservation, addressing the growing need for eco-friendly farming practices. IoT technologies enable farmers to reduce their carbon footprint and preserve natural resources by optimizing irrigation and chemical application processes. For example, smart irrigation systems monitor soil moisture and weather conditions in real-time, delivering precise amounts of water to crops and significantly reducing wastage.
The UK has positioned itself as a hub for agritech innovation through the Agriculture Act 2020 and the Farming Investment Fund (FIF), supporting IoT-integrated platforms and AI-powered analytics tools. The Netherlands also boasts one of Europe’s most advanced agricultural sectors, driven by government-backed policies such as the Dutch Smart Farming Policy and the Greenhouse Horticulture & Agro Innovation Program, which promote IoT-based greenhouse management and real-time farm monitoring. In France, initiatives like Plan France 2030 and the French Agricultural and Rural Policy (PAC) encourage the adoption of IoT-based monitoring and AI-driven platforms, aiding in sustainable farming practices such as pesticide reduction and resource optimization. Collectively, these efforts position Europe as a global leader in agriculture IoT and digital transformation.
Free Valuable Insights: The Global Agriculture IoT Market will Hit USD 58.95 Billion by 2031, at a CAGR of 10.1%
Based on Deployment, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Connectivity, the market is segmented into Wi-Fi, Cellular, Bluetooth, and Other Connectivity. Based on Application, the market is segmented into Precision Farming, Livestock Monitoring, Smart Greenhouse, Aquaculture, and Other Application. Based on Farm Type, the market is segmented into Large, Mid-sized, and Small. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Deployment
By Component
By Connectivity
By Application
By Farm Type
By Country
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