5G Smart Farming Market Size, Share, Trends, Industry Analysis Report: By Component (Hardware, Software, and Services), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The global 5G smart farming market size is expected to reach USD 113.16 billion by 2034, according to a new study by Polaris Market Research. The report "5G Smart Farming Market Size, Share, Trends, Industry Analysis Report: By Component (Hardware, Software, and Services), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The 5G smart farming market demand is largely driven by government initiatives worldwide that promote the adoption of advanced agricultural technologies. Governments in major countries are investing heavily in 5G technologies and digital initiatives to foster smart farming methods. According to the Ministry of Agriculture and Rural Affairs of China, the government plans to deploy over 5G base stations in rural areas by 2025, aiming to enhance agricultural efficiency through real-time data analytics and automation. In Australia, Dec 2024 the Department of Agriculture, Water, and the Environment launched an Agtech initiative to support smart farming practices amid high demand for farm products and a labor shortage. Similarly, various governments worldwide are offering incentives for businesses and local farmers to embrace digital agriculture. These global efforts to integrate 5G and digital technologies into farming are expected to drive the market's exponential growth. By enhancing connectivity, data analytics, and automation, these government-backed programs are paving the way for more efficient and sustainable agricultural practices, thereby accelerating the adoption and expansion of 5G smart farming solutions across the globe.

The rapid 5G smart farming market expansion is attributed to the increasing labor costs and shortages faced by the agricultural sector. High labor costs are pushing farmers to seek more cost-effective solutions, while a shortage of skilled labor exacerbates the need for automation. According to the US Department of Agriculture, labor costs have risen by ~20% over the past decade, and many farms are struggling to find qualified workers. In response, 5G-enabled smart farming technologies offer a viable solution by automating tasks and improving efficiency. For example, the deployment of 5G can enhance the capabilities of autonomous tractors and drones, reducing the need for manual labor. Similarly, the UK's Department for Environment, Food & Rural Affairs reports a growing trend in the use of technology to address labor shortages. As such, the drive toward smart farming solutions is increasingly being fueled by these economic pressures and workforce challenges.

In the 5G smart farming market revenue, based on component, the hardware segment witnesses high demand due to rapid technological advancements and the increasing need for sophisticated agricultural solutions. This demand is driven by the ease of adoption facilitated by user-friendly interfaces and innovative features. As 5G technology enhances connectivity and performance, smart farming hardware such as soil sensors, weather stations, and autonomous tractors become integral to modern agriculture. The user-friendly nature of these devices ensures that farmers can quickly and effectively integrate them into their operations, making advanced farming technologies more accessible and operationally efficient.

5G Smart Farming Market Report Highlights

Based on application, the water management segment is anticipated to experience substantial growth at a significant CAGR in the global market. This growth is attributed to an increase in awareness about the water scarcity and cost associated with the large water flows toward wastage.

The hardware segment, by component, accounted for the largest revenue share of the market in 2024 due to technological advancements in devices, which are making it user friendly, and accelerated adoption of modern technology.

In 2024, North America dominated the global 5G smart farming market revenue share due to stable internet connections in rural locations and increasing adoption of precision farming.

The 5G smart farming market demand in India is projected for substantial growth due to the increasing funding and incentives by the government.

Trimble Inc., AG Leader Technology, Huawei, Dronetech, Ericsson, Deere and Company, LumiGrow, Raven Industries, DroneDeploy, Vodacom, and Indigo Ag are a few global key market players.

Polaris Market Research has segmented the 5G smart farming market report on the basis of component, application, and region:

By Component Outlook (Revenue - USD Billion, 2020-2034)

§ Hardware
§ Drones
§ Robotic Systems
§ Smart Tractors
§ Software
§ Services
By Application (Revenue - USD Billion, 2020-2034)
§ Land Preparation
§ Planting and Seeding
§ Nutrient Management
§ Harvest
§ Water Management
§ Other

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM5344

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global 5G Smart Farming Market Insights

4.1. 5G Smart Farming Market - Market Snapshot
4.2. 5G Smart Farming Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Government Support and Funding is driving the market size
  - 4.2.1.2. Increasing Labor Cost and Shortage are driving the 5G Smart Farming Market growth
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Implementation Costs and Infrastructure Challenges
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. 5G Smart Farming Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global 5G Smart Farming Market, by Component

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
5.3. Hardware
- 5.3.1. Global 5G Smart Farming Market, by Hardware, by Region, 2020-2034 (USD Billion)
- 5.3.2. Drones
- 5.3.3. Global 5G Smart Farming Market, by Drones, by Region, 2020-2034 (USD Billion)
- 5.3.4. Robots
- 5.3.5. Global 5G Smart Farming Market, by Robots, by Region, 2020-2034 (USD Billion)
- 5.3.6. Smart Tractors
- 5.3.7. Global 5G Smart Farming Market, by Smart Tractors, by Region, 2020-2034 (USD Billion)
5.4. Software
- 5.4.1. Global 5G Smart Farming Market, by Software, by Region, 2020-2034 (USD Billion)
5.5. Services
- 5.5.1. Global 5G Smart Farming Market, by Services, by Region, 2020-2034 (USD Billion)

6. Global 5G Smart Farming Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
6.3. Land Preparation
- 6.3.1. Global 5G Smart Farming Market, by Land Preparation, by Region, 2020-2034 (USD Billion)
6.4. Planting and Seeding
- 6.4.1. Global 5G Smart Farming Market, by Planting and Seeding, by Region, 2020-2034 (USD Billion)
6.5. Nutrient Management
- 6.5.1. Global 5G Smart Farming Market, by Nutrient Management, by Region, 2020-2034 (USD Billion)
6.6. Harvest
- 6.6.1. Global 5G Smart Farming Market, by Harvest, by Region, 2020-2034 (USD Billion)
6.7. Water Management
- 6.7.1. Global 5G Smart Farming Market, by Water Management, by Region, 2020-2034 (USD Billion)
6.8. Others
- 6.8.1. Global 5G Smart Farming Market, by Others, by Region, 2020-2034 (USD Billion)

7. Global 5G Smart Farming Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. 5G Smart Farming Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. 5G Smart Farming Market - North America
- 7.3.1. North America: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
- 7.3.2. North America: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.3.3. 5G Smart Farming Market - U.S.
  - 7.3.3.1. U.S.: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.3.3.2. U.S.: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.3.4. 5G Smart Farming Market - Canada
  - 7.3.4.1. Canada: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
7.4. 5G Smart Farming Market - Europe
- 7.4.1. Europe: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
- 7.4.2. Europe: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.3. 5G Smart Farming Market - UK
  - 7.4.3.1. UK: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.4. 5G Smart Farming Market - France
  - 7.4.4.1. France: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.4.2. France: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.5. 5G Smart Farming Market - Germany
  - 7.4.5.1. Germany: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.6. 5G Smart Farming Market - Italy
  - 7.4.6.1. Italy: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.7. 5G Smart Farming Market - Spain
  - 7.4.7.1. Spain: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.8. 5G Smart Farming Market - Netherlands
  - 7.4.8.1. Netherlands: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.9. 5G Smart Farming Market - Russia
  - 7.4.9.1. Russia: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.4.10. 5G Smart Farming Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
7.5. 5G Smart Farming Market - Asia Pacific
- 7.5.1. Asia Pacific: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.3. 5G Smart Farming Market - China
  - 7.5.3.1. China: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.3.2. China: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.4. 5G Smart Farming Market - India
  - 7.5.4.1. India: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.4.2. India: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.5. 5G Smart Farming Market - Malaysia
  - 7.5.5.1. Malaysia: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.6. 5G Smart Farming Market - Japan
  - 7.5.6.1. Japan: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.7. 5G Smart Farming Market - Indonesia
  - 7.5.7.1. Indonesia: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.8. 5G Smart Farming Market - South Korea
  - 7.5.8.1. South Korea: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.9. 5G Smart Farming Market - Australia
  - 7.5.9.1. Australia: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.5.10. 5G Smart Farming Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
7.6. 5G Smart Farming Market - Middle East & Africa
- 7.6.1. Middle East & Africa: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.6.3. 5G Smart Farming Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.6.4. 5G Smart Farming Market - UAE
  - 7.6.4.1. UAE: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.6.5. 5G Smart Farming Market - Israel
  - 7.6.5.1. Israel: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.6.6. 5G Smart Farming Market - South Africa
  - 7.6.6.1. South Africa: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.6.7. 5G Smart Farming Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
7.7. 5G Smart Farming Market - Latin America
- 7.7.1. Latin America: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
- 7.7.2. Latin America: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.7.3. 5G Smart Farming Market - Mexico
  - 7.7.3.1. Mexico: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.7.4. 5G Smart Farming Market - Brazil
  - 7.7.4.1. Brazil: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.7.5. 5G Smart Farming Market - Argentina
  - 7.7.5.1. Argentina: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)
- 7.7.6. 5G Smart Farming Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: 5G Smart Farming Market, by Component, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: 5G Smart Farming Market, by Application, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Trimble Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. AG Leader Technology
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Huawei
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Dronetech
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Ericsson
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Deere and Company.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. LumiGrow.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Raven Industries
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. DroneDeploy
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Vodacom
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Indigo Ag
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development