Asia Pacific Connected Agriculture Market Size & Outlook
The connected agriculture market in Asia Pacific is expected to reach a projected revenue of US$ 3,744.9 million by 2030. A compound annual growth rate of 17.8% is expected of Asia Pacific connected agriculture market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,191.4
Forecast, 2030 (US$M)
$3,744.9
CAGR, 2024 - 2030
17.8%
Report Coverage
Asia Pacific
Asia Pacific connected agriculture market highlights
- The Asia Pacific connected agriculture market generated a revenue of USD 1,191.4 million in 2023.
- The market is expected to grow at a CAGR of 17.8% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,191.4 million |
| Market revenue in 2030 | USD 3,744.9 million |
| Growth rate | 17.8% (CAGR from 2024 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | Deere & Co, Trimble Inc, AGCO Corp, Basf SE, Bayer AG, Hexagon AB ADR, Topcon Corp, Sentera, Farmers Edge, CLAAS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.1% of the global connected agriculture market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,744.9 million by 2030.
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Connected Agriculture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Farmers Edge | View profile | 251-500 | Winnipeg, Manitoba, Canada, North America | http://www.farmersedge.ca/ |
| Sentera | View profile | 101-250 | Saint Paul, Minnesota, United States, North America | https://sentera.com |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | https://claas-gruppe.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| Hexagon AB ADR | View profile | 24091 | Lilla Bantorget 15, Stockholm, Sweden, SE-111 23 | https://www.hexagon.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Topcon Corp | View profile | 5543 | 75-1 Hasunuma-cho, Itabashi-ku, Tokyo, Japan, 1748580 | http://www.topcon.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
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