How big is the Precision Farming Market?

The Precision Farming Market size is expected to reach USD 13.11 billion in 2024 and grow at a CAGR of 12.70% to reach USD 23.84 billion by 2029. Read More

What is the current Precision Farming Market size?

In 2024, the Precision Farming Market size is expected to reach USD 13.11 billion. Read More

Who are the key players in Precision Farming Market?

AGCO Corporation, Ag Junction Inc, John Deere, DICKEY-john Corporation and TeeJet Technologies are the major companies operating in the Precision Farming Market. Read More

Which is the fastest growing region 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 Precision Farming Market?

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

What years does this Precision Farming Market cover, and what was the market size in 2023?

In 2023, the Precision Farming Market size was estimated at USD 11.45 billion. The report covers the Precision Farming Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Precision Farming Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key technologies driving the growth of Precision Farming?

The key technologies driving the growth of Precision Farming are a) Drones b) Agricultural robots c) Sensors d) Farm management software Read More

Precision Farming Market - Size, Share & Industry Trends

Precision Farming Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Precision Agriculture Market is Segmented by Technology (Guidance Systems, Remote Sensing, Variable-Rate Technology, Drones, and UAVs), Component (Hardware, Software, Services), Application (Yield Monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Precision Farming Industry Overview

The precision farming market is highly fragmented, with numerous participants involved. Key players in the market include AgJunction Inc., Raven Industries Inc., DICKEY-john Corporation., TeeJet Technologies., and others. These companies are engaged in market expansion activities and adopting organic and inorganic growth strategies to maximize their revenue across different regions.

In October 2023, Deere & Co teams with 2 Sweden-based Delaval on the Milk Sustainability Center and Norway-based Yara on digital precision agriculture tools for sustainability, where the partnerships aim to help farmers track livestock and fertilizer data so they can make smarter business decisions that are better for the environment.
In April 2023 AGCO Corporation, a one of global agriculture equipment provider, and Hexagon, an industrial technology solution provider declared their strategic collaboration. The collaboration is focused on the expansion of AGCO’s factory-fit and aftermarket guidance offerings.