India Smart Agriculture System Market Overview, 2029

India's agricultural system is a cornerstone of its economy, deeply intertwined with the livelihoods of a significant portion of the population. The country boasts a vast geographical area, with a considerable portion dedicated to agricultural activities. Agriculture employs a large segment of the workforce, primarily in rural areas where farming is often the main source of income. The sector is characterized by a diverse range of crops, including staples like rice and wheat, as well as pulses, fruits, and vegetables. While traditional farming practices still prevail, there is a growing trend towards modernization and mechanization. However, challenges such as land fragmentation, inadequate irrigation facilities, and climate variability continue to hinder productivity. Additionally, many farmers face issues related to market access and fair pricing for their produce. Despite these challenges, agriculture remains vital for food security and rural development in India, serving as both an economic driver and a means of sustaining cultural practices.

According to the research report "India Smart Agriculture Market Overview, 2029," published by Bonafide Research, the India Smart Agriculture market is anticipated to grow at more than 16.96% CAGR from 2024 to 2029. The smart agriculture market in India is witnessing transformative growth as technology becomes increasingly integrated into farming practices. This shift is largely driven by the need for improved efficiency and sustainability in agricultural production. Innovations such as precision farming, drone technology, and data analytics are being adopted to enhance crop yields and optimize resource use. The government has recognized the importance of smart agriculture in addressing issues like food security and environmental sustainability, leading to various initiatives aimed at promoting technological adoption among farmers. Furthermore, there is a rising awareness among consumers regarding sustainable practices, which is influencing market dynamics and encouraging farmers to implement eco-friendly methods. Collaborations between technology providers, research institutions, and farmers are crucial for overcoming barriers to adoption and ensuring that smart agriculture can effectively address both economic challenges and environmental concerns.

India, with its vast agricultural sector and growing population, is experiencing a surge in the adoption of precision technologies. Precision agriculture is gaining significant traction, enabling farmers to optimize resource utilization, enhance yields, and minimize environmental impact. While still in its nascent stage, precision fish farming is emerging as a promising avenue for sustainable aquaculture, particularly in coastal regions. The smart greenhouse market is expanding, offering climate-controlled environments for year-round crop production, especially in areas with adverse climatic conditions. Precision livestock monitoring is gaining momentum, helping farmers track animal health, behavior, and productivity, leading to improved animal welfare and efficient resource management. The forestry sector is leveraging technology for sustainable forest management, utilizing drones and satellite imagery for monitoring deforestation, optimizing timber harvesting, and promoting reforestation efforts.

The smart agriculture market in India is experiencing significant growth across its offering segments: hardware, software, and services. The hardware segment is thriving, with farmers increasingly adopting technologies such as IoT sensors, drones, and automated irrigation systems. These innovations are crucial for enhancing precision farming, which helps optimize resource use and improve crop yields, particularly in regions facing water scarcity.In the software segment, the demand for farm management software and data analytics tools is on the rise. Farmers are utilizing cloud-based platforms to analyze agricultural data, enabling them to make informed decisions that enhance productivity and reduce operational costs. This trend is further supported by government initiatives aimed at promoting digital agriculture and sustainable practices.The services segment is also evolving, with a growing focus on consultancy and training. Agricultural service providers are offering support to help farmers effectively integrate smart technologies into their operations.

COVID-19 Impacts:
COVID-2019 has a substantial impact on agriculture in two key areas: the supply and demand for food. These two factors have a direct impact on food security. Due to mobility constraints, less buying power, and a disproportionate impact on the most disadvantaged demographic groups, food demand and, consequently, food security are significantly impacted. Governments adopt increasingly extreme steps to restrict the virus's spread as cases rise, which also has an impact on the world's food supply. Although some governments take the opposite tack, the fundamental tenet of any policy taken should be to safeguard the population's health and food security at the expense of economic growth.



Considered in this report
• Geography: India
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• United States (US) smart agriculture Market with its value and forecast along with its segments
• Application wise smart agriculture distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Based on types:
• Precision agriculture
• Precision Fish Farming
• The smart greenhouse market
• The Precision Livestock Monitoring market,
• The forestry market

Based on offering:
• Hardware
• Software
• Services

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.