Market Analysis and Insights: Global Precision Farming Market
Precision farming is defined (also known as precision agriculture or satellite farming) technologies as a farming management concept that utilizes software and hardware for observing, measuring and responding to intra-field variability in crops, resulting in better crop management and more effective output.
The global Precision Farming market size is projected to reach US$ 9284.1 million by 2028, from US$ 4415.8 million in 2021, at a CAGR of 10.7% during 2022-2028.
On the basis of technology, guidance technology held the largest market size owing to the early adoption of this technology by farmers. GPS-based auto-guidance technology allows growers to reduce the overlapping of equipment and tractor passes, thus saving fuel, labor, time, and soil compaction.
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Global Precision Farming Scope and Market Size
Precision Farming market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Precision Farming market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Guidance System
Remote Sensing
Variable-Rate Technology
Segment by Application
Yield Monitoring
Crop Scouting
Field Mapping
Irrigation Management
Weather Tracking & Forecasting
Inventory Management
Farm Labor Management
Financial Management
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Deere & Company
Trimble
Agco
Agjunction
Raven Industries
AG Leader Technology
SST Development Group
Teejet Technologies
Topcon Positioning Systems
Dickey-John Corporation
Cropmetrics
Hexagon Agriculture
Granular
Prospera Technologies
Agribotix
Autocopter Corp