Smart agriculture industry to be worth $25.4B by 2028

Added on 12 September 2024

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Smart agriculture industry to be worth $25.4B by 2028

Smart robotic farmers 3D concept | ES Sarawuth. Image by freepik

The smart agriculture industry size is projected to reach $25.4 billion by 2028, up from $16.2 billion in 2023, at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2028.

The surging use of modern technologies in agriculture and the rising adoption of Internet of Things (IoT), remotely operated vehicles (ROVs), and artificial intelligence (AI) in aquaculture farming are among the key factors driving the growth of the smart agriculture industry.