What is the current Crop Monitoring Technology in Precision Farming Market size?

The Crop Monitoring Technology in Precision Farming Market is projected to register a CAGR of 12.60% during the forecast period (2024-2029) Read More

Who are the key players in Crop Monitoring Technology in Precision Farming Market?

Deere & Company, AGCO Corporation, AG Junction Inc., Topcon Precision Agriculture and Monsanto Company are the major companies operating in the Crop Monitoring Technology in Precision Farming Market. Read More

Which is the fastest growing region in Crop Monitoring Technology in Precision Farming Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Crop Monitoring Technology in Precision Farming Market?

In 2024, the North America accounts for the largest market share in Crop Monitoring Technology in Precision Farming Market. Read More

What years does this Crop Monitoring Technology in Precision Farming Market cover?

The report covers the Crop Monitoring Technology in Precision Farming Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Crop Monitoring Technology in Precision Farming Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Crop Monitoring Technology in Precision Farming Market Trends

Statistics for the 2023 & 2024 Crop Monitoring Technology in Precision Farming market trends, created by Mordor Intelligence™ Industry Reports. Crop Monitoring Technology in Precision Farming trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Crop Monitoring Technology in Precision Farming Industry

This section covers the major market trends shaping the Crop Monitoring Technology in Precision Farming Market according to our research experts:

GPS and GNSS Adoption to Drive the Market Growth

Miniaturization and improved accuracy of the global navigation satellite system (GNSS) technology (of which, GPS is mostly in use, at present) makes it possible for wide-scale adoption of precision farming technologies for geo-positioning and field mapping.
The United States is the leading country, in terms of the GNNS/GPS technology used in agriculture. Nearly 70% of the advanced technologies in the US farms are using some level of GPS/GNSS.
GPS-based applications in precision farming include major areas, such as yield mapping and monitoring, and farm planning, along with field mapping, soil sampling, tractor guidance, crop scouting, variable rate applications.
Therefore, with increased adoption of GPS and GNSS, coupled with the benefits offered, the demand for crop monitoring is set to increase over the forecast period.

Crop Monitoring Technology in Precision Farming Market Growth

Understand The Key Trends Shaping This Market

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United States to Account for the Largest Share

As per the estimates of the US Department of Agriculture, nearly 2,029,200 farms in the United States used 950 million acre land, in 2017. With a huge dependency on the agriculture sector, the government in the country is increasingly focusing on implementing precision farming technologies.
The key agencies responsible for the uprising in large-scale agriculture in the United States include NASA, NOAA, and the US Department of Agriculture. Their goal is to improve farmer’s profitability and reduce the environmental concerns caused due to the application of various chemicals.
Moreover, although the Federal Aviation Administration (FAA) had laid out restrictions on the flying of drones, as per their new rules passed in 2016. Drones for commercial purposes, weighing up to 55 lb, can be used in the United States during daylight hours. These initiatives have aided the adoption of precision farming in the country.
Further, according to the Farm Profits and Adoption of Precision Agriculture study in 2017, yield mapping is used on about 40% of US corn and soybean acres, GPS soil maps on about 30%, guidance on over 50%, and VRT on 28-34% of acres.