Latin America Intelligent Agriculture Market

Latin America Intelligent Agriculture Market Size (2024 to 2029)

The Latin American intelligent agriculture market size is expected to reach USD 1.88 billion in 2024 and USD 3.45 billion by 2029, growing at a CAGR of 12.83% from 2024 to 2029.

Intelligent agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for raising crop productivity. It includes the use of modern farming technologies, which help improve the quality of food and grow the yield of farms.

Smart agriculture tools are most extensively used in precision farming since they play a vital role in improving farm efficiency and helping growers maximize their yields of crops. Yield monitoring is a major application of precision farming used to identify field variability information, which includes soil properties, weather conditions, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps identify different soil parameters in order to maintain the nutrient level of the soil.

The driving factors of Latin America intelligent agriculture market are increasing application of technologies in agriculture, rising need of monitoring livestock performance and health, government’s support to adopt modern agricultural techniques, and increasing demand for food worldwide. The major constraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.

SEGMENT ANALYSIS

Latin America Intelligent Agriculture Market Analysis By Application

• livestock monitoring applications
  • Feeding Management
  • Heat Stress Management
  • Milk Harvesting
  • Breeding Management
  • Animal Comfort Management
  • Behavior Monitoring & Management
  • others
• precision farming applications
  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking & Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • others
• fish farming applications
  • Fish Tracking & Fleet Navigation
  • Feeding Management
  • Water Quality Management
  • others
• smart greenhouse applications
  • HVAC Management
  • Yield Monitoring
  • Water & Fertilizer Management
• others

Latin America Intelligent Agriculture Market Analysis By Offering

• Hardware
  • Hardware for Precision Farming
  • Hardware for Livestock Monitoring
  • Hardware for Fish Farming
  • Hardware for Smart Greenhouse
  • Hardware for Others Market
• Software
  • Local/Web Based
  • Cloud-Based
• Services
  • System Integration and Consulting
  • Managed Services
  • Connectivity Services
  • Assisted Professional Services
  • Maintenance and Support

COUNTRY ANALYSIS

• Brazil
• Mexico
• Argentina
• Rest of Latin America

The Latin America intelligent agriculture market is divided based on geography into Brazil, Mexico and Rest of Latin America. Factors such as increasing application of technologies in agriculture and growing support of government is expected to drive the market growth in the region.

KEY PLAYERS IN THE LATIN AMERICAN INTELLIGENT AGRICULTURE MARKET

Some of the major players in the market are Latin America GNSS Agency (GSA) (Czech Republic), Precision Ag Institute (U.S.), International Society for Precision Agriculture (ISPA) (U.S.), SPAA Precision Agriculture (Australia), CropLife (CropLife Media Group) (U.S.), Precision Agriculture Association (New Zealand), and Agricultural Research Organization (Israel).