Precision Farming Market
Precision Farming Market Study by Yield Monitoring, Field Mapping, Crop Scouting, Weather Forecasting, Irrigation Management, Inventory Management, and Farm Labor Management from 2024 to 2034
Analysis of Precision Farming Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Precision Farming Market Outlook (2024 to 2034)
The global precision farming market size is approximated at US$ 8.3 billion in 2024 and is foreseen to increase at a CAGR of 10.4% and reach a value of US$ 22.3 billion by the end of 2034.
Decades of chemical-intensive farming, deforestation, and eventual global warming have been driving traditional farmers to adopt new and innovative farming technologies. Consumer trends such as the growing consumption of plant-based and vegan food products, are pushing farmers to produce more organic-based yields. Because of the high prevalence of nitrogen-intensive fertilizers and the diminishing availability of arable land, more value-chain players are turning their attention to precision farming. Precision farming improves control over farming conditions by ensuring a seamless flow of critical information.
Surging labor costs, a dearth of experienced personnel, and increasing demand for clean-label agricultural goods are prompting agriculturists to invest in precision farming solutions. Yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, and farm labor management are some of the other factors driving overall precision farming market growth.
Increasing demand for climate information services due to their benefits that help farmers deal with climate change and their unpredictability for better agricultural decision-making is one of the primary reasons boosting the adoption of weather observing technologies. Furthermore, the growing need for cloud platforms for climate services is a significant driver of increasing precision farming technology demand.
Weather-based controllers, rain sensors, temperature sensors, network components, water meters, and sensor-based controllers are some of the technologies used in irrigation management. Growing demand for water conservation and food production, as well as the reduction of resource waste, are the primary motivators for the increasing usage of precision instruments for irrigation management applications.
- North America is projected to hold 24.6% of the global precision farming market share by 2034.
| Report Attribute | Detail |
|---|---|
| Precision Farming Market Size (2024E) | US$ 8.3 Billion |
| Forecasted Market Value (2034F) | US$ 22.3 Billion |
| Global Market Growth Rate (2024 to 2034) | 10.4% CAGR |
| South Korea Market Value (2034F) | US$ 1.2 Billion |
| Variable-Rate Technology Demand Growth (2024 to 2034) | 12.3% CAGR |
| Key Companies Profiled | Teejet Technologies; Grownetics, Inc.; AGCO Corporation; Raven Industries Inc.; Deere and Company; Topcon Corporation; Dickey-John Corporation; Ag Leader Technology; AgEagle Aerial Systems Inc. (Agribotix LLC); Farmers Edge Inc.; AgJunction, Inc.; Proagrica (SST Development Group, Inc.); The Climate Corporation; CropMetrics LLC; Trimble, Inc. |
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Which Market Trends are Increasing Adoption of Precision Farming Technologies?
“Integration of Digital Technologies Aiding Farmers in Making More Effective Decisions”
Adoption of advanced technologies such as variable-rate technology (VRT), remote sensing, global positioning systems (GPS), geographic information systems (GIS), and guiding technology in precision farming is resulting in increased yield and decreased labor overheads. Similarly, the adoption of cutting-edge agricultural equipment permits the most efficient use of resources. Precision farming equipment with digital technologies not only adds to the bottom line by lowering labor costs but also vastly improves agricultural operations.
Weeding, fertilizer application, and site inspections are tasks conducted before harvesting. Agricultural drones with cameras are utilized in precision farming for spraying, weeding, trimming, and harvesting. These drones capture hyperspectral photos, allowing farmers to remotely monitor farm activities. Precision farming technologies are predicted to gain traction over the next 10 years, eliminating most of the need for human work on fields. Integration of artificial intelligence, machine learning, big data, and predictive analytics are some of the notable precision farming market trends increasing the profits of key providers.
“Use of Smartphones Loaded with Advanced Farming Software Applications Aiding Farmers in Effective Decision Making”
Smartphones are one of the most extensively utilized technical breakthroughs in history, and with the availability of a plethora of user-friendly agricultural programs (apps), cell phones have evolved into a powerful and portable tool for farmers. The majority of smartphone applications are affordable and give important farming information, such as weather and climatic conditions. These apps efficiently assist farmers in making sound selections.
Smartphones can be combined with a variety of hardware devices, including sensors, high-resolution cameras, and GPS receivers, to perform tasks such as sample collection, aerial photography, and record-keeping (a task recommended by experts). Some agricultural applications can input field data and then grid it acre by acre using software tools.
What’s Lowering Use of Precision Farming Technologies?
“Lack of Technical Knowledge and Low Ability to Understand Latest Technologies”
Precision farming is an intelligent agricultural practice that necessitates technological understanding. Lack of information about cutting-edge technologies and their applications creates a chasm between the understanding and execution of precision farming principles.
Despite several governments across the world and market participants launching projects to provide farmers with training and consultancy services on the use of precision farming techniques, many farmers remain beyond the scope of such efforts.
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Start-Up Ecosystem
- PreAgri is a Ukraine-based start-up that offers precision agriculture technology that makes use of drones and satellite imagery for data collection and analysis.
- German start-up GeoPard Agriculture offers a precision agriculture platform that combines multispectral analysis and satellite-based remote sensing to allow field monitoring and condition evaluation.
- AGAM Aquaculture is an Israel-based start-up that has developed a precision aquaculture system that catches and sorts fish using sensor-based biomass calculations. The system is integrated with sensors and provides data on fish behavior and weight.
Country-wise Analysis
What is the Demand Outlook for Precision Farming Solutions in the United States?
“American Farmers Forefront in Adoption of Advanced Farming Technologies”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 900 Million |
| Growth Rate (2024 to 2034) | 10.5% CAGR |
| Projected Value (2034F) | US$ 2.5 Billion |
Highly industrialized row crop farms in the United States are driving the demand for precision farming technologies to enhance crop productivity with less area. The government in the United States has initiated several awareness programs related to precision farming. Several American farmers are making use of agriculture drones and smart agricultural equipment to monitor and analyse crop information such as biomass, height, and weed presence, which is helping them take more effective decisions.
Why is Japan a Profitable Market for Precision Farming Technology Suppliers?
“Limited Agricultural Land and Country Prone to Natural Disasters
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 600 Million |
| Growth Rate (2024 to 2034) | 10.8% CAGR |
| Projected Value (2034F) | US$ 1.5 Billion |
Besides having limited land to farm, Japan has adopted smart agriculture practices primarily due to harsh environmental conditions that are common in the country. Farmers are widely utilizing smart agricultural robots and machines to maximize their production output. Compared to traditional farming, the use of advanced techniques is benefiting farmers in numerous ways such as higher yields, cost-effectiveness, and time-saving. Several farmers are also adopting rice transplanting robots, automatic lawnmowers, and robotic tractors in Japan.
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Category-wise Analysis
Which Precision Farming Technology is Set to Lead to High Revenue Generation?
“Increasing Demand for Agricultural Guidance Systems”
| Attribute | Guidance Systems |
|---|---|
| Segment Value (2024E) | US$ 4 Billion |
| Growth Rate (2024 to 2034) | 8.9% CAGR |
| Projected Value (2034F) | US$ 9.4 Billion |
Growing number of industrialized row crop farms is driving an urgent need to map production plans, automate sowing methods, assess soil variability, and assure appropriate input use (fertilizers, pesticides). Guidance systems that map and track numerous farm parameters are set to account for 42% of the global precision farming market share by 2034.
Remote sensing technology is also gaining momentum due to its capacity to identify soil variations and maintain agricultural security. Variable rate technology, on the other hand, is set to exhibit rapid growth during the forecast period. Growing awareness of the negative effects of chemically loaded agricultural systems is driving the use of variable rate technologies to solve soil fertility imbalances.
Why are Precision Hardware Systems Highly Adopted by Farmers?
“Farmers Utilizing Advanced Hardware Systems for Precision Farming”
| Attribute | Hardware |
|---|---|
| Segment Value (2024E) | US$ 5.8 Billion |
| Growth Rate (2024 to 2034) | 9.9% CAGR |
| Projected Value (2034F) | US$ 14.9 Billion |
Precision farming hardware systems are segmented into sensing devices, antennas, automation and control systems, and access points. Hardware components such as sensing devices, control systems, and drones are some of the effective technologies aiding farmers in earning higher profits by allowing them to make more accurate decisions. Farmers are widely employing smart and latest hardware systems in their farming activities to maximize their yield.
Competitive Landscape
Key players in the precision farming industry are active in awareness campaigns that address the pressing issue of soil degradation and are educating farmers about the benefits of precision farming. Industrialized farms use automated machinery to assure a consistent level of output yield. Farmers are investing in farm digitization to improve crop security.
Leading companies are advancing their product offerings by resorting to strategies such as mergers, acquisitions, and collaborations. These tactics are aiding industry giants in adding the latest technologies to their product lists.
- In January 2022, John Deere & Co. introduced a line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part of its endeavor to expand its footprint in the precision agriculture domain.
- In April 2021, Trimble Inc. entered into a collaborative agreement with HORSCH, one of the leading manufacturers of agricultural technology globally, to establish a future for autonomous machines and workflows in the agricultural industry. These companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active field work.
Fact.MR provides detailed information about the price points of key providers of precision farming technologies positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Key Segments of Precision Farming Market Research
-
By Application :
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking & Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Others
-
By Technology :
- Guidance Systems
- Remote Sensing
- Variable-Rate Technologies
-
By Offering :
- Hardware
- Software
- Services
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Offering
- 6.2. Application
- 6.3. Technology
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Offering
- 7.1. Hardware
- 7.2. Software
- 7.3. Services
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 8.1. Yield Monitoring
- 8.2. Field Mapping
- 8.3. Crop Scouting
- 8.4. Weather Tracking & Forecasting
- 8.5. Irrigation Management
- 8.6. Inventory Management
- 8.7. Farm Labor Management
- 8.8. Others
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Technology
- 9.1. Guidance Systems
- 9.2. Remote Sensing
- 9.3. Variable-Rate Technologies
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by Offering, Application, Technology, and Region for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Teejet Technologies
- 20.2. Grownetics, Inc.
- 20.3. AGCO Corporation
- 20.4. Raven Industries Inc.
- 20.5. Deere and Company
- 20.6. Topcon Corporation
- 20.7. Dickey-John Corporation
- 20.8. Ag Leader Technology
- 20.9. AgEagle Aerial Systems Inc. (Agribotix LLC)
- 20.10. Farmers Edge Inc.
- 20.11. AgJunction, Inc.
- 20.12. Proagrica (SST Development Group, Inc.)
- 20.13. The Climate Corporation
- 20.14. CropMetrics LLC
- 20.15. Trimble, Inc.
- 21. Assumptions and Acronyms Offeringd
- 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Offering, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Offering, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Offering, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Offering, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Offering, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Offering, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Technology, 2024 to 2034
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- FAQs -
How big is the precision farming market in 2024?
The global precision farming market is estimated at a value of US$ 8.3 billion in 2024.
What are the forecasted sales of precision farming technologies for 2034?
Sales of precision farming solutions are calculated to reach US$ 22.3 billion by 2034.
What is the estimated demand growth for precision farming?
Demand for precision farming technologies is foreseen to increase at a CAGR of 10.4% during the next 10 years.
Which region is an early adopter of precision farming?
The North American precision farming market is set to reach US$ 2.1 billion in 2024.
What will the size of the Japan market be by 2034?
The market in Japan is forecasted to reach US$ 1.5 billion by 2034.
Which precision farming technology is widely employed by farmers?
Sales of guidance systems are approximated at US$ 4 billion in 2024.
Who are top providers of precision farming technologies?
Leading market players are AGCO Corporation, Raven Industries Inc., Deere and Company, Topcon Corporation, and Dickey-John Corporation.
Precision Farming Market