Precision Farming Market Size, Share, and Trends 2024 to 2034

The global precision farming market size accounted for USD 12.52 billion in 2024, grew to USD 14.18 billion in 2025 and is predicted to surpass around USD 43.64 billion by 2034, representing a healthy CAGR of 13.30% between 2024 and 2034. The North America precision farming market size is calculated at USD 5.51 billion in 2024 and is expected to grow at a fastest CAGR of 13.42% during the forecast year.

  • Last Updated : December 2024
  • Report Code : 1851
  • Category : Agriculture

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

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, 2024-2034

8.1.1 Hardware

8.1.1.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Precision Farming Market, By Application

9.1. Precision Farming Market, by Application, 2024-2034

9.1.1. Yield Monitoring

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Crop Scouting

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Field Mapping

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Variable Rate Application

9.1.4.1. Market Revenue and Forecast (2021-2034)

9.1.5. Weather Tracking and Forecasting

9.1.5.1. Market Revenue and Forecast (2021-2034)

9.1.6. Inventory Management

9.1.6.1. Market Revenue and Forecast (2021-2034)

9.1.7. Farm Labor Management

9.1.7.1. Market Revenue and Forecast (2021-2034)

9.1.8. Financial Management

9.1.8.1. Market Revenue and Forecast (2021-2034)

9.1.9. Others

9.1.9.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Precision Farming Market, By Technology 

10.1. Precision Farming Market, by Technology, 2024-2034

10.1.1. Precision Farming Guidance System

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Remote Sensing Precision Farming

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. Variable-Rate Technology Precision Farming

10.1.3.1. Market Revenue and Forecast (2021-2034)

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

11.1. North America

11.1.1. Market Revenue and Forecast, by Offering (2021-2034)

11.1.2. Market Revenue and Forecast, by Application (2021-2034)

11.1.3. Market Revenue and Forecast, by Technology (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Offering (2021-2034)

11.1.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.1.4.3. Market Revenue and Forecast, by Technology (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Offering (2021-2034)

11.1.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.1.5.3. Market Revenue and Forecast, by Technology (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Offering (2021-2034)

11.2.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.3. Market Revenue and Forecast, by Technology (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Offering (2021-2034)

11.2.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.4.3. Market Revenue and Forecast, by Technology (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Offering (2021-2034)

11.2.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.5.3. Market Revenue and Forecast, by Technology (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Offering (2021-2034)

11.2.6.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.6.3. Market Revenue and Forecast, by Technology (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Offering (2021-2034)

11.2.7.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.7.3. Market Revenue and Forecast, by Technology (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Offering (2021-2034)

11.3.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.3. Market Revenue and Forecast, by Technology (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Offering (2021-2034)

11.3.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.4.3. Market Revenue and Forecast, by Technology (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Offering (2021-2034)

11.3.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.5.3. Market Revenue and Forecast, by Technology (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Offering (2021-2034)

11.3.6.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.6.3. Market Revenue and Forecast, by Technology (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Offering (2021-2034)

11.3.7.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.7.3. Market Revenue and Forecast, by Technology (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Offering (2021-2034)

11.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.3. Market Revenue and Forecast, by Technology (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Offering (2021-2034)

11.4.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.4.3. Market Revenue and Forecast, by Technology (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Offering (2021-2034)

11.4.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.5.3. Market Revenue and Forecast, by Technology (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Offering (2021-2034)

11.4.6.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.6.3. Market Revenue and Forecast, by Technology (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Offering (2021-2034)

11.4.7.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.7.3. Market Revenue and Forecast, by Technology (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Offering (2021-2034)

11.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.5.3. Market Revenue and Forecast, by Technology (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Offering (2021-2034)

11.5.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.5.4.3. Market Revenue and Forecast, by Technology (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Offering (2021-2034)

11.5.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.5.5.3. Market Revenue and Forecast, by Technology (2021-2034)

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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Frequently Asked Questions

The global precision farming market size was accounted at USD 12.52 billion in 2024 and it is expected to reach around USD 43.64 billion by 2034.

The global precision farming market is poised to grow at a CAGR of 13.30% from 2024 to 2034.

The major players operating in the precision farming market are AG DNA, AG Junction, AG Leader Technology, AGCO Corporation, Agribotix, Bayer CropScience AG, Case IH Agriculture, ClearAg Operations, Conservis Corporation, Deere & Company

The main elements driving the development of the accuracy cultivating market is the Rapid reception of cutting-edge innovations in accuracy cultivating to decrease work cost, Increased reception of Internet of Things (IoT) gadgets in rural fields, Substantial expense reserve funds related with accuracy cultivating, Climate change and need to fulfill rising need for food and Increasing advancement of accuracy cultivating procedures by states around the world.

North America region will lead the global precision farming market during the forecast period 2024 to 2034.

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