According to the Market Statsville Group (MSG), the global 5G Smart Farming Market size is predicted to grow at a CAGR of 10.1% from 2023 to 2033.

Farming is the heart of human existence, yet agriculture relies on manual labor. The introduction of 5G in agriculture is changing the repetitive and labor-intensive tasks, possibly beginning a new era in the history of smart farming. Sustainability has never been more critical than now, but smart farming plays an integral role in food crop production. Smart farming integrates traditional agricultural practices with information and communication technologies (ICT) to improve quality and farm produce. Leveraging a combination of 5G and artificial intelligence, which permits connectivity at a much higher speed, smart farming is a game changer as the world faces hurdles in production and availability of resources. The use of advanced technologies in agriculture is an important step in achieving self-sufficiency and large-scale crop production. The 5G will transform the agriculture sector by realizing precision agriculture, optimizing the utilization of crop, and livestock resources, efficient management, and ensuring a great price for the customers. 5 G-enabled drones can be used for remote sensing of farms and spraying pesticides/ fertilizers/ insecticides. ICT includes a wide range of components under digital technologies to facilitate all agricultural benefits.

The application of 5G in agriculture uses 5 G-powered modular IoT (Internet of Things) gateways that can examine livestock, plant health, water supply control, climate, the vehicle used in agriculture, and pest control. 5G enables IoT devices that will help collect data from numerous resources to update regularly and send to the cloud in real time. In the cloud, the data is evaluated using ML/AI algorithms to offer insights to the farmers. The sources can be soil moisture, seed genetics, plant health, soil PH level, and historical yield collected from the market.

COVID-19 Impact on the Global 5G Smart Farming Market

The impact of COVID-19 is devastating, and no sector escaped its impact. The impact of the pandemic on agriculture is complex and varied among different segments. The COVID-19 outbreak negatively impacted the 5G smart farming market. All agricultural activities were paused due to the lockdown and social distancing norms. Moreover, the disruptions in the supply chain and manufacturing activities also stalled the production and distribution of technology-enabled components required for 5G smart farming. However, the market was expected to recover post the lockdown owing to the growing scope of cloud computing and data analytics and the obtainability of the required components.

Global 5G Smart Farming Market Dynamics

Drivers: Improving Accuracy and Efficiency of Remote Sensing

The 5G- enabled technology will develop the agricultural sector by realizing precision agriculture, optimizing usage of crops and livestock resources and attaining best cost realization through automation, data analytics, remote sensing, and disruptive innovations. 5G speeds up the whole shebang, enabling machines to be controlled centrally and data to be transferred in real time. It helps in improving the lifespan of the plant and improves the yield. Further, 5G will also have a major impact on remote sensing, in which agricultural machines and drones evaluates the condition of fields and crops and use the information they gathered. High-resolution image data takes up large amounts of capacity, but with 5G, this data can be delivered and received at high speeds. The system will collect and analyze field images over a wide range quickly, quickly evaluating crops' growth and improving fertilizer distribution by focusing on areas with poor growth, among other services.

Moreover, the IoT sensors are fixed under the ground to check the quality of the soil and test its potential for different crops. This improves the working of the farming sector by providing the best solutions for error-free results. The advancements in technology help analyze the soil quality and provide required options to the farmers. Such smart measures help improve farming efficiency and contribute to the market's overall growth during the forecasting period.

Restraints: High Operational Costs and Lack of Efficient Network Infrastructure

Intelligent technology is considered impressive in agriculture, but it involves many costs. It requires a large amount of money to convert these equipment’s if the machines are changed according to the farmer's requirements. The machinery needed on the farm is expensive and hard to maintain. It also takes up a lot of space and is difficult to transport. 5G Smart Farming requires an unlimited amount of internet connection to be successful. Thus, it is impossible to operate this farming method in rural communities, particularly in developing economies. Smart farming will be impossible in areas where internet connections are frustratingly slow. Additionally, 5G Smart farming requires high techs with technical skills and accuracy to operate the hardware devices successfully. It requires an understanding of robotics and ICT. However, many farmers lack these skills, making it a discouraging factor in making this technology successful in the market.

 Opportunities: Acceleration in Digital Transformation

With the introduction of 5G technologies and an acceleration in digital transformation in the industry, they are various opportunities for farm management systems to function with more precision and less waste. Today’s farms are leveraging a range of Internet of Things (IOT) to help farmers reduce operational costs, increase yields and improve visibility in an unpredictable environment. Agricultural original equipment from manufacturers (OEM’S) can benefit from automated farming processes enabled by 5G solutions by gathering data from their machines. With the utilization of 5G, a range of improved technologies will open to farmers. A larger network of data-collecting sensors can more precisely monitor field conditions. Autonomous drones can scan crops using AI to identify weeds and apply pesticides accurately. The 5G-enabled solution will facilitate the digital transformation of agriculture, while the industry has been slow to adapt to new emerging technologies, the visions of smart farming techniques are understandably exciting. It also holds the possibility to provide great advancements in both industries and individual lives. Advanced technology can help farmers overcome the problem of water scarcity and extend dry spells. Thus, with the increasing adoption of 5 G-enabled components, the agricultural industry will substantially grow over the forecast period.

Scope of the Global 5G Smart Farming Market

The study categorizes the 5G smart farming market based on component, application, and farm size at the regional and global levels.

By Component Outlook (Sales, USD Billion, 2019-2033)

• Hardware
• Software
• Services

By Application Outlook (Sales, USD Billion, 2019-2033)

• Precision Farming
• Irrigation and Water Management
• Plant Health
• Soil Moisture
• Water Supply Control
• Smart Greenhouse

By Farm size Outlook (Sales, USD Billion, 2019-2033)

• Large Farms
• Small & Medium Farms

By Region Outlook (Sales, USD Billion, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Medium-sized farms segment accounts for the largest market share during the forecast period by farm-size

Based on farm size, the market is bifurcated into small farms, medium farms, and large farms, respectively. Medium-sized farms are predicted to have the highest market share owing to the high ownership of this type of land size. In developing countries like India, many farmers work on medium-sized lands where the agricultural process can be done appropriately, which plays a major role in accelerating market growth. Moreover, implementing advanced technologies is more convenient in this land size. The manufacturing and usage of 5 G-enabled devices are gradually increasing in the countries like China, Japan, and India, driving overall market growth.  

North America is projected to account for the highest market share by region

Geographically, the 5G smart farming market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America is predicted to dominate the 5G smart farming market during the forecast period due to the existence of key market players, logistics, transportation sectors, and technological innovations in the energy and telecommunication sectors. Moreover, the high implementation of 5G will significantly increase the demand in the agricultural sector, thereby boosting the market’s growth in the region. Farmers' high disposable income and purchasing power in countries like America and Canada play a major role in accelerating the market growth. Asia Pacific is also predicted to witness high growth in the market owing to rising government assistance and increasing population density, which are the key factors for growing the 5G smart farming market.

Key Market Players in the Global 5G Smart Farming Market

The 5G smart farming market is extremely cutthroat, and significant competitors in the sector are using tactics including product development, collaborations, acquisitions, agreements, and growth to bolster their market positions. Most sector businesses focus on growing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global 5G smart farming market are:

• Huawei
• Dronetech
• Ericsson
• John Deere
• Indigo Ag
• LumiGrow
• Raven Industries
• DroneDeploy
• Vodacom

 Recent Developments

• In October 2022, Agri-commerce developed the ‘’Outgrow’’ app. It aimed at enabling small, medium, and marginalized farmers to increase their income and profitability through AI and analytics and supported natural farming. The app offered complete advisory and customized solutions in Hindi, Marathi, English, Tamil, Kannada, and Telugu.
• In October 2021, Ericsson and du collaborated with Pure Harvest Farms to develop 5G solutions for farms. The collaboration aimed to provide a 5G use case for smart agriculture. The solutions protected the local ecosystem, improved crop yields, and increased the overall quality of the produce. The 5G solutions developed leveraged operations among devices used in Pure Harvest Farms, such as drones, sensors, and robotics. 5G and Internet of Things (IoT) used cases for growing companies in the Middle East. The ultra-low latency and fast speed unlocked a world of real-time service opportunities and improved the use of autonomous vehicles. Later, Ericsson and du companies collaborated to provide 5G smart farming facilities in Austria.
• In October 2022, Huawei and Dronetech launched new applications from their partnership in smart farming. These companies updated their project that was started in 2021 and introduced that their 5G and IoT technologies can enhance sustainability in agriculture. They also hosted a panel of digitalization and experts examining how 5G and technological innovation could encourage sustainable farming during the food security concerns situation.

Key Issues Addressed

• What is the market size by various segmentation of the 5G smart farming market by region and its respective countries?
• What is the customer buying behavior, key takeaways, and Porter's 5 forces of the 5G smart farming market?
• What are the key opportunities and trends for manufacturers involved in the 5G smart farming market supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of 5G smart farming market in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.