The Latin America, Middle East and Africa Agriculture IoT Market would witness market growth of 11.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Agriculture IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,244.7 million by 2031. The Argentina market is registering a CAGR of 13.1% during (2024 - 2031). Additionally, The UAE market would witness a CAGR of 10.7% during (2024 - 2031).
Aerial imaging is another significant application, where drones equipped with multispectral and thermal cameras capture detailed data to detect issues invisible to the naked eye. Thermal imaging, for instance, can identify water stress in crops, while multispectral imaging highlights nutrient deficiencies or diseases. These insights enable data-driven decisions, improving productivity and sustainability. Drones are also cost-effective, saving time and labor compared to traditional monitoring and pest control methods. AI-powered drones are expected to further enhance agricultural operations with autonomous navigation and real-time analytics as technology advances. By providing an efficient, sustainable, and scalable solution, drones transform agriculture and address the growing global demand for food production.
The increasing impact of climate change on traditional farming practices has driven the demand for climate-resilient farming solutions, with IoT technologies playing a crucial role. IoT devices, such as weather sensors and satellite-based systems, provide real-time temperature, humidity, and rainfall data. This information is analyzed to generate actionable insights and timely alerts, enabling farmers to respond to extreme weather events. For example, IoT-based systems can warn farmers of impending storms or sudden temperature drops, allowing them to secure equipment or protect crops. IoT-enabled soil moisture sensors help optimize water usage in drought-prone regions, ensuring efficient irrigation without waste.
Saudi Arabia’s Vision 2030 initiative drives significant investments in IoT and smart farming technologies to reduce reliance on food imports and increase local agricultural production. The Saudi Agricultural Development Fund (ADF) provides financial support for IoT-based solutions, including AI-powered farm monitoring, vertical farming systems, and blockchain-enabled supply chain tracking. The National Transformation Program (NTP) further promotes the adoption of IoT-integrated tools like precision farming systems, remote sensing technology, and cloud-based farm management platforms. With a strong emphasis on water-efficient farming and controlled-environment agriculture, Saudi Arabia is positioning itself as a regional leader in IoT-driven agricultural modernization. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Worldwide Agriculture IoT Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Deployment
By Component
By Connectivity
By Application
By Farm Type
By Country
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