The global precision farming market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for precision farming solutions in various regions across the globe. The demand for precision farming solutions is driven by factors such as increased crop production, rising population, and changing climate conditions.
The remote sensing segment accounted for the largest share of the global precision farming market in 2018 and is expected to continue its dominance throughout the forecast period. Remote sensing technologies are used extensively in agriculture because they provide accurate information about soil properties and plant health without any physical contact with crops or soil. This technology helps farmers make informed decisions about their crops and manage farm labor more efficiently by providing real-time data on weather conditions, crop health, and other factors that affect yield production.
- The global Precision Farming market is expected to reach USD 3,890 million by 2022.
- Increasing demand for precision farming in emerging economies such as India and China.
- Increasing adoption of precision farming in developed countries such as the US and Canada.
- Growing need for accurate data on soil conditions.
Industry Growth Insights published a new data on “Precision Farming Market”. The research report is titled “Precision Farming Market research by Types (Guidance System, Remote Sensing, Variable Rate Technology (VRT)), By Applications (Weather Tracking and Forecasting, Farm Labor Management, Yield Monitoring, Other), By Players/Companies Deere, Trimble, Raven Industries, Agjunction, AGCO, AG Leader Technology, Precision Planting, SST Development, Teejet Technologies, Topcon Positioning Systems, Dickey-John, Cropmetrics”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Farming Market Research Report
By Type
Guidance System, Remote Sensing, Variable Rate Technology (VRT)
By Application
Weather Tracking and Forecasting, Farm Labor Management, Yield Monitoring, Other
By Companies
Deere, Trimble, Raven Industries, Agjunction, AGCO, AG Leader Technology, Precision Planting, SST Development, Teejet Technologies, Topcon Positioning Systems, Dickey-John, Cropmetrics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Precision Farming Market Report Segments:
The global Precision Farming market is segmented on the basis of:
Types
Guidance System, Remote Sensing, Variable Rate Technology (VRT)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Weather Tracking and Forecasting, Farm Labor Management, Yield Monitoring, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Deere
- Trimble
- Raven Industries
- Agjunction
- AGCO
- AG Leader Technology
- Precision Planting
- SST Development
- Teejet Technologies
- Topcon Positioning Systems
- Dickey-John
- Cropmetrics
Highlights of The Precision Farming Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Guidance System
- Remote Sensing
- Variable Rate Technology (VRT)
- By Application:
- Weather Tracking and Forecasting
- Farm Labor Management
- Yield Monitoring
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Farming Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision farming is a type of agriculture that uses GPS technology and other sensors to improve crop yields. Precision farming techniques help farmers identify specific areas in their fields where crops need more water, fertilizer, or pesticide; and then they use precise irrigation or application methods to deliver the necessary resources to those areas. By using these techniques, farmers can achieve greater yields with fewer inputs than traditional agriculture practices.
Some of the major players in the precision farming market are Deere, Trimble, Raven Industries, Agjunction, AGCO, AG Leader Technology, Precision Planting, SST Development, Teejet Technologies, Topcon Positioning Systems, Dickey-John, Cropmetrics.
The precision farming market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Farming Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision Farming Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Farming Market - Supply Chain
4.5. Global Precision Farming Market Forecast
4.5.1. Precision Farming Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Farming Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Farming Market Absolute $ Opportunity
5. Global Precision Farming Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision Farming Market Size and Volume Forecast by Type
5.3.1. Guidance System
5.3.2. Remote Sensing
5.3.3. Variable Rate Technology (VRT)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Farming Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision Farming Market Size and Volume Forecast by Application
6.3.1. Weather Tracking and Forecasting
6.3.2. Farm Labor Management
6.3.3. Yield Monitoring
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Farming Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision Farming Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision Farming Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision Farming Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision Farming Demand Share Forecast, 2019-2026
9. North America Precision Farming Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision Farming Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision Farming Market Size and Volume Forecast by Application
9.4.1. Weather Tracking and Forecasting
9.4.2. Farm Labor Management
9.4.3. Yield Monitoring
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Farming Market Size and Volume Forecast by Type
9.7.1. Guidance System
9.7.2. Remote Sensing
9.7.3. Variable Rate Technology (VRT)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision Farming Demand Share Forecast, 2019-2026
10. Latin America Precision Farming Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision Farming Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision Farming Market Size and Volume Forecast by Application
10.4.1. Weather Tracking and Forecasting
10.4.2. Farm Labor Management
10.4.3. Yield Monitoring
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Farming Market Size and Volume Forecast by Type
10.7.1. Guidance System
10.7.2. Remote Sensing
10.7.3. Variable Rate Technology (VRT)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision Farming Demand Share Forecast, 2019-2026
11. Europe Precision Farming Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision Farming Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision Farming Market Size and Volume Forecast by Application
11.4.1. Weather Tracking and Forecasting
11.4.2. Farm Labor Management
11.4.3. Yield Monitoring
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Farming Market Size and Volume Forecast by Type
11.7.1. Guidance System
11.7.2. Remote Sensing
11.7.3. Variable Rate Technology (VRT)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision Farming Demand Share, 2019-2026
12. Asia Pacific Precision Farming Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision Farming Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision Farming Market Size and Volume Forecast by Application
12.4.1. Weather Tracking and Forecasting
12.4.2. Farm Labor Management
12.4.3. Yield Monitoring
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Farming Market Size and Volume Forecast by Type
12.7.1. Guidance System
12.7.2. Remote Sensing
12.7.3. Variable Rate Technology (VRT)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision Farming Demand Share, 2019-2026
13. Middle East & Africa Precision Farming Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision Farming Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision Farming Market Size and Volume Forecast by Application
13.4.1. Weather Tracking and Forecasting
13.4.2. Farm Labor Management
13.4.3. Yield Monitoring
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Farming Market Size and Volume Forecast by Type
13.7.1. Guidance System
13.7.2. Remote Sensing
13.7.3. Variable Rate Technology (VRT)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision Farming Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precision Farming Market: Market Share Analysis
14.2. Precision Farming Distributors and Customers
14.3. Precision Farming Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deere
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Trimble
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raven Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Agjunction
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AGCO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AG Leader Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Precision Planting
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SST Development
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Teejet Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Topcon Positioning Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dickey-John
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cropmetrics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
