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Precision Farming Market Size to Worth Around US$ 26.8 Billion by 2030

The global precision farming market size is expected to reach USD 26.8 Billion by 2030, with a CAGR of 14.13% from 2022 to 2030.

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global precision farming market was valued at around USD 8.16 billion in 2021 and is expected to register revenues worth USD 26.8 billion by the end of 2030, growing at an exceptional CAGR of approximately 14.13% between 2022 and 2030.

Precision Farming Market

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Precision Farming Market Report Scope

A recent study by Precedence Research on the precision farming market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the precision farming market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of precision farming. The study also provides the dynamics that are responsible for influencing the future status of the precision farming market over the forecast period.

A detailed assessment of the precision farming market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the precision farming market along with their product portfolio enhances the reliability of this comprehensive research study.

Competition Landscape

The report has engulfed a chapter on the global precision farming market’s competitive landscape, which provides detailed analysis and insights on companies offering precision farming. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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Some of the Prominent Players in the Precision Farming Market Include:
  • AG DNA
  • AG Junction
  • AG Leader Technology
  • AGCO Corporation
  • Agribotix
  • Bayer CropScience AG
  • Case IH Agriculture
  • ClearAg Operations
  • Conservis Corporation
  • Deere & Company
Precision Farming Market Segmentation

By Offering

  • Hardware
    • Automation and Control Systems
      • Displays
      • Guidance and Steering Systems
      • GPS/GNSS Devices
      • Drones/UAVs
      • Irrigation controllers
      • Handheld Mobile Devices/Handheld Computers
      • Flow And Application Control Devices
      • Others
    • Sensing and Monitoring Devices
      • Yield Monitors
      • Soil Sensors
        • Moisture Sensors
        • Temperature Sensors
        • Nutrient Sensors
      • Water Sensors
      • Climate Sensors
    • Software
      • Local/Web-Based
      • Cloud-Based
    • Services
      • System Integration and Consulting Services
      • Managed Services
      • Connectivity Services
      • Assisted Professional Services
      • Maintenance and Support Services

By Application

  • Yield Monitoring
  • Crop Scouting
  • Field Mapping
  • Variable Rate Application
    • Precision Irrigation
    • Precision Seeding
    • Precision Fertilization
      • Nitrogen VRA
      • Phosphorous VRA
      • Lime VRA
    • Pesticide VRA
  • Weather Tracking and Forecasting
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others

By Technology

  • Precision Farming Guidance System
  • Remote Sensing Precision Farming
  • Variable-Rate Technology Precision Farming

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global precision farming market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the precision farming market.

The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.

Why should you invest in this report?

If you are aiming to enter the global precision farming market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for precision farming are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Precision Farming Market 

5.1. COVID-19 Landscape: Precision Farming Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Precision Farming Market, By Offering

8.1. Precision Farming Market, by Offering, 2022-2030

8.1.1 Hardware

8.1.1.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Precision Farming Market, By Application

9.1. Precision Farming Market, by Application, 2022-2030

9.1.1. Yield Monitoring

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Crop Scouting

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Field Mapping

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Variable Rate Application

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Weather Tracking and Forecasting

9.1.5.1. Market Revenue and Forecast (2017-2030)

9.1.6. Inventory Management

9.1.6.1. Market Revenue and Forecast (2017-2030)

9.1.7. Farm Labor Management

9.1.7.1. Market Revenue and Forecast (2017-2030)

9.1.8. Financial Management

9.1.8.1. Market Revenue and Forecast (2017-2030)

9.1.9. Others

9.1.9.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Precision Farming Market, By Technology 

10.1. Precision Farming Market, by Technology, 2022-2030

10.1.1. Precision Farming Guidance System

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Remote Sensing Precision Farming

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Variable-Rate Technology Precision Farming

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Precision Farming Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Offering (2017-2030)

11.1.2. Market Revenue and Forecast, by Application (2017-2030)

11.1.3. Market Revenue and Forecast, by Technology (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Offering (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

11.1.4.3. Market Revenue and Forecast, by Technology (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Offering (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Technology (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Offering (2017-2030)

11.2.2. Market Revenue and Forecast, by Application (2017-2030)

11.2.3. Market Revenue and Forecast, by Technology (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Offering (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

11.2.4.3. Market Revenue and Forecast, by Technology (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Offering (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Technology (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Offering (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Offering (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Technology (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Offering (2017-2030)

11.3.2. Market Revenue and Forecast, by Application (2017-2030)

11.3.3. Market Revenue and Forecast, by Technology (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Offering (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

11.3.4.3. Market Revenue and Forecast, by Technology (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Offering (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Technology (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Offering (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Offering (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Technology (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Offering (2017-2030)

11.4.2. Market Revenue and Forecast, by Application (2017-2030)

11.4.3. Market Revenue and Forecast, by Technology (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Offering (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

11.4.4.3. Market Revenue and Forecast, by Technology (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Offering (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Technology (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Offering (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Offering (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Technology (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Offering (2017-2030)

11.5.2. Market Revenue and Forecast, by Application (2017-2030)

11.5.3. Market Revenue and Forecast, by Technology (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Offering (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

11.5.4.3. Market Revenue and Forecast, by Technology (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Offering (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Technology (2017-2030)

Chapter 12. Company Profiles

12.1. AG DNA

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. AG Junction

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. AG Leader Technology

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. AGCO Corporation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Agribotix

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Bayer CropScience AG

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Case IH Agriculture

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. ClearAg Operations

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Conservis Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Deere & Company

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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