by According to Precedence Research, during the forecast period of 2022 to 2030, the global precision farming market is estimated to develop at a compound annual growth rate (CAGR) of 14.13%. The global precision farming market was valued at USD 1.16 billion in 2021, and it is predicted to exceed USD 26.8 billion by 2030. The study investigates several elements and their consequences on the growth of the precision farming market.
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This report focuses on precision farming market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall precision farming market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.
Report Scope of the Precision Farming Market
| Report Coverage | Details |
| Market Size by 2030 | USD 26.8 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 14.13% |
| North America Market Share in 2021 | 46% |
| Yield Monitoring Segment Market Share in 2021 | 45% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Offering, Application, Technology, Geography |
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of precision farming, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of precision farming has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the precision farming market.
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
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Segments Covered in the Report
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
- Automation and Control Systems
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]
Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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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