Report Highlights
The global market for precision farming is projected to grow from an estimated $12.8 billion in 2025 to $21.2 billion by 2030, at a compound annual growth rate (CAGR) of 10.6% from 2025 through 2030.
Report Includes
- 46 data tables and 54 additional tables
- Overview and an analysis of the current and future global markets for precision farming technology
- Analyses of the global market trends, with revenue data from 2024, estimates for 2025, forecast for 2026 and 2029, and projections of CAGRs through 2030
- Estimates of the market’s size and revenue prospects for the precision farming market, accompanied by a market share analysis by solution, application and region
- Insights derived from Porter’s Five Forces model, as well as global supply chain analyses
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Analysis of latest patent grants and publications
- Analysis of the industry structure, including companies’ market shares, strategic alliances, M&A activity, venture fundings and investment outlook
- Profiles of the leading companies, including AGCO Corp., Deere & Co., CNH Industrial N.V., Hexagon AB and Kubota Corp.
Report Scope
This report provides an overview of the global market for precision farming and analyzes market trends. Using 2024 as the base year, estimated market data is provided for the forecast period 2025 through 2030. The market has been segmented based on solutions (hardware, software, and service), and applications (crop management, livestock monitoring, precision irrigation, soil health management, fertilizer and pesticide management, and other applications).
The report covers the market for precision farming, including the user base across different regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA). It also highlights major trends and challenges that affect the market and vendor landscape. It analyzes environmental, social, and corporate governance (ESG) developments, patents, and emerging technologies. It also surveys the competition among major companies and gives profiles of market leaders.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $11.1 Billion | ||||||||||||||||
| Market size forecast | $21.2 Billion | ||||||||||||||||
| Growth rate | CAGR of 10.6% from 2025 to 2030 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Solution, Application, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for precision farming is expected to increase from $8.5 billion in 2023 to $14.9 billion by the end of 2028, with a compound annual growth rate (CAGR) of 11.9% during the forecast period of 2023-2028.
Report Includes
- 64 data tables and 44 additional tables
- An overview of the global market for precision farming technology
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
- Estimates of the market size, a revenue growth forecast for the precision farming market, and a corresponding analysis of market share by component (hardware/software), application and region
- In-depth information (facts and figures) pertaining to the major factors influencing the market, including drivers, restraints, opportunities and challenges
- Analysis of the market growth opportunities through a holistic review of both Porter’s Five Forces and PESTLE models, taking into consideration the prevailing micro- and macroenvironmental factors
- Coverage of the technological, economic and business considerations within the global market, with market growth forecasts to 2028
- A discussion of the impact of ESG factors on company performance, ratings and matrices; consumer attitudes; and ESG practices followed
- A look at the major vendors and an analysis of the industry structure with respect to company shares, M&A activity and venture funding
- Company profiles of major players within the industry, including Deere & Co., Trimble Inc., AGCO Corp., CNH Industrial N.V., and Raven Industries Inc.
Report Highlights
The global market for precision farming technologies should grow from $5.2 billion in 2019 to $9.4 billion by 2024, with a compound annual growth rate (CAGR) of 12.6% for the period of 2019-2024.
Report Includes
- 52 data tables and 10 additional tables
- Detailed overview of the global precision farming technologies market
- Analyses of the global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Discussion of major factors, advancements in agriculture technologies, regional trade analysis, and changing regulatory dynamics that influence the demand of this evolving market
- Emphasis on challenges faced by this market, such as high initial implementation and maintenance cost, and lack of skilled personnel in certain regions
- Coverage of hardware (equipment, tools and devices etc.), associated software (e.g. farm management software) and services revenue of the covered companies
- A relevant patent analysis covering latest significant developments in agriculture technology
- Profiles of leading market participants within the sector. Major players including AGDATA, Buhler Industries Inc., Deere & Co., DuPont, EXEL Industries SA, Intelligent Agricultural Solutions LLC, Raven Industries Inc., and Yara International Inc.
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