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Precision Agriculture Market 2024-2032 Overview: Trends, Competitor Dynamics, and Opportunities

Precision Agriculture Market by Component (Hardware, Software, Services), by Technology (Remote Sensing, GPS/GNSS Systems, Variable Rate Technology (VRT), by Application (Crop Management, Financial management, Weather Forecasting, Person, Inventory Management, Irrigation Management), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032

Dec 5 2024
Base Year: 2023
150 Pages
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Precision Agriculture Market 2024-2032 Overview: Trends, Competitor Dynamics, and Opportunities

Key Insights

The Precision Agriculture Market size was valued at USD 9.1 USD billion in 2023 and is projected to reach USD 24.13 USD billion by 2032, exhibiting a CAGR of 14.95 % during the forecast period. Precision agriculture is a modern technique of planting crops in which technologies are used to decide the amount of resources to use in the field. It entails the use of GPS, sensors, drones, and data in the control of field conditions well as improving the use of agricultural inputs. Some of them are satellite farming, variable rate technology (VRT), and precision irrigation. Precision agriculture includes such aspects as data collection in real-time, decision-making based on geographic location, and mechanical means. These technologies make it possible for farmers to increase productivity, decrease loss, and increase sustainability. The use of PA is manifold and can be adopted in fields such as soil and crops diagnostics, pests and diseases management, water and nutrients application, and others; all of them bringing greater efficiency and productivity of cultivation and less harm to the environment.

Precision Agriculture Market Research Report - Market Size, Growth & ForecastPrecision Agriculture Trends

  • Smart Farming Automation
  • IoT-enabled Sensing and Data Collection
  • Data Analytics and Machine Learning for Precision
  • Cloud-based Platforms for Remote Monitoring and Management
  • Drones for Crop Monitoring and Spraying

Driving Forces: What's Propelling the Precision Agriculture Market

  • Growing demand for sustainable food production
  • Increasing government investments in precision agriculture programs
  • Advancements in sensor technology, data analytics, and AI
  • Rising awareness of the environmental benefits of precision agriculture
  • Labor shortage in the agriculture sector

Challenges and Restraints in the Precision Agriculture Market

  • High initial investment costs
  • Lack of skilled labor to operate and maintain precision agriculture systems
  • Data privacy and security concerns
  • Regulatory challenges related to data ownership and sharing

Emerging Trends in Precision Agriculture

  • Use of AI and machine learning for predictive analytics
  • Integration of blockchain technology for data security and transparency
  • Development of autonomous agricultural machinery
  • Adoption of vertical farming techniques
  • Precision livestock farming

Growth Catalysts in Precision Agriculture Industry

  • Government incentives and support programs: Governments worldwide are introducing tax credits, subsidies, and grants to encourage the adoption of precision agriculture technologies.
  • Collaborative partnerships between technology providers, farmers, and researchers: Strategic collaborations facilitate knowledge sharing, innovation, and tailored solutions that address specific agricultural challenges.
  • Development of new financing models to reduce investment costs: innovative financing options, such as equipment leasing and pay-as-you-go services, make precision agriculture more accessible to farmers.
  • Advances in sensor and data analytics technology: Enhanced sensors and sophisticated data analytics algorithms enable real-time monitoring, precise decision-making, and predictive insights.
  • Increased demand for food security: Growing population and changing climate conditions necessitate optimized resource utilization and increased agricultural productivity.
  • Environmental concerns: Precision agriculture promotes sustainable farming practices, reducing environmental impact by optimizing input usage and minimizing waste.
  • Availability of high-speed internet connectivity: Stable and reliable internet allows for seamless data transmission and remote monitoring, unlocking the full potential of precision agriculture technologies.

Market Segmentation: Precision Agriculture Analysis

Component:

  • Hardware (sensors, drones, GPS/GNSS systems)
  • Software (data analytics platforms, farm management applications)
  • Services (consultation, data interpretation, equipment maintenance)

Technology:

  • Remote Sensing
  • GPS/GNSS systems
  • Variable rate technology (VRT)

Application:

  • Crop management
  • Financial management
  • Weather forecasting
  • Personnel and inventory management
  • Irrigation management

Leading Players in the Precision Agriculture Market

  • Precision Planting LLC
  • TeeJet Technologies
  • CropMetrics LLC
  • Trimble Inc.
  • Ag Leader Technology
  • Deere & Company
  • Raven Industries, Inc.
  • Lindsay Corporation
  • Monsanto Company
  • Valmont Industries, Inc.
  • Topcon

Significant Developments in the Precision Agriculture Sector

  • John Deere acquires Precision Planting LLC
  • Trimble launches new GPS/GNSS system for high-precision agriculture
  • Raven Industries partners with Farmers Edge to provide data-driven insights
  • Topcon releases new remote sensing platform for crop monitoring
  • Valmont Industries introduces new irrigation management system

Comprehensive Coverage Precision Agriculture Market Report

This report offers a comprehensive analysis of the global precision agriculture market, with a focus on the key growth-driving factors, challenges, trends, and competitive landscape. It provides insights into the latest technological advancements, emerging trends, and growth opportunities in this rapidly evolving market.

Regional Insight

The North American region dominates the global precision agriculture market, followed by Europe and Asia-Pacific. The United States is the largest market for precision agriculture, with a significant adoption rate among farmers. Developing countries in Asia-Pacific and South America present significant growth opportunities for precision agriculture due to their large agricultural sectors and increasing government support for sustainable farming practices.

Recent Mergers & Acquisitions

  • Bayer Acquires Monsanto Company
  • Ag Leader Technology acquires AGL
  • CNH Industrial acquires Raven Industries, Inc.
  • Topcon acquires Digi-Star

Regulation

Precision agriculture is subject to regulations governing data privacy, security, and intellectual property. Governments are working to develop frameworks to address these concerns while fostering innovation in the industry.

Patent Analysis

The number of patents related to precision agriculture has been growing rapidly in recent years. This indicates the active development and innovation in this field.

Analyst Comment

Precision agriculture has the potential to revolutionize the way we produce food, reducing environmental impact while increasing productivity. By leveraging advanced technologies and data analytics, farmers can make informed decisions to optimize resource use, improve yields, and ensure the sustainability of the agricultural sector.

Precision Agriculture Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 14.95% from 2018-2032
Segmentation
    • By Component
      • Hardware
      • Software
      • Services
    • By Technology
      • Remote Sensing
      • GPS/GNSS Systems
      • Variable Rate Technology (VRT
    • By Application
      • Crop Management
      • Financial management
      • Weather Forecasting
      • Person
      • Inventory Management
      • Irrigation Management
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Netherlands
      • Switzerland
      • Poland
      • Sweden
      • Belgium
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • New Zealand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Colombia
      • Peru
    • MEA
      • UAE
      • Saudi Arabia
      • South Africa
      • Egypt
      • Turkey
      • Israel
      • Nigeria
      • Kenya

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Burgeoning Demand for Big Data Analytics among Organizations to Aid Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Lack of Awareness about Cyber Security and Vulnerability to Hinder Growth
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Component
      • 5.1.1. Hardware
      • 5.1.2. Software
      • 5.1.3. Services
    • 5.2. Market Analysis, Insights and Forecast - by Technology
      • 5.2.1. Remote Sensing
      • 5.2.2. GPS/GNSS Systems
      • 5.2.3. Variable Rate Technology (VRT
    • 5.3. Market Analysis, Insights and Forecast - by Application
      • 5.3.1. Crop Management
      • 5.3.2. Financial management
      • 5.3.3. Weather Forecasting
      • 5.3.4. Person
      • 5.3.5. Inventory Management
      • 5.3.6. Irrigation Management
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. North America
      • 5.4.2. Europe
      • 5.4.3. Asia Pacific
      • 5.4.4. Latin America
      • 5.4.5. MEA
  6. 6. North America Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
    • 6.1. Market Analysis, Insights and Forecast - by Component
      • 6.1.1. Hardware
      • 6.1.2. Software
      • 6.1.3. Services
    • 6.2. Market Analysis, Insights and Forecast - by Technology
      • 6.2.1. Remote Sensing
      • 6.2.2. GPS/GNSS Systems
      • 6.2.3. Variable Rate Technology (VRT
    • 6.3. Market Analysis, Insights and Forecast - by Application
      • 6.3.1. Crop Management
      • 6.3.2. Financial management
      • 6.3.3. Weather Forecasting
      • 6.3.4. Person
      • 6.3.5. Inventory Management
      • 6.3.6. Irrigation Management
  7. 7. Europe Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
    • 7.1. Market Analysis, Insights and Forecast - by Component
      • 7.1.1. Hardware
      • 7.1.2. Software
      • 7.1.3. Services
    • 7.2. Market Analysis, Insights and Forecast - by Technology
      • 7.2.1. Remote Sensing
      • 7.2.2. GPS/GNSS Systems
      • 7.2.3. Variable Rate Technology (VRT
    • 7.3. Market Analysis, Insights and Forecast - by Application
      • 7.3.1. Crop Management
      • 7.3.2. Financial management
      • 7.3.3. Weather Forecasting
      • 7.3.4. Person
      • 7.3.5. Inventory Management
      • 7.3.6. Irrigation Management
  8. 8. Asia Pacific Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
    • 8.1. Market Analysis, Insights and Forecast - by Component
      • 8.1.1. Hardware
      • 8.1.2. Software
      • 8.1.3. Services
    • 8.2. Market Analysis, Insights and Forecast - by Technology
      • 8.2.1. Remote Sensing
      • 8.2.2. GPS/GNSS Systems
      • 8.2.3. Variable Rate Technology (VRT
    • 8.3. Market Analysis, Insights and Forecast - by Application
      • 8.3.1. Crop Management
      • 8.3.2. Financial management
      • 8.3.3. Weather Forecasting
      • 8.3.4. Person
      • 8.3.5. Inventory Management
      • 8.3.6. Irrigation Management
  9. 9. Latin America Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
    • 9.1. Market Analysis, Insights and Forecast - by Component
      • 9.1.1. Hardware
      • 9.1.2. Software
      • 9.1.3. Services
    • 9.2. Market Analysis, Insights and Forecast - by Technology
      • 9.2.1. Remote Sensing
      • 9.2.2. GPS/GNSS Systems
      • 9.2.3. Variable Rate Technology (VRT
    • 9.3. Market Analysis, Insights and Forecast - by Application
      • 9.3.1. Crop Management
      • 9.3.2. Financial management
      • 9.3.3. Weather Forecasting
      • 9.3.4. Person
      • 9.3.5. Inventory Management
      • 9.3.6. Irrigation Management
  10. 10. MEA Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
    • 10.1. Market Analysis, Insights and Forecast - by Component
      • 10.1.1. Hardware
      • 10.1.2. Software
      • 10.1.3. Services
    • 10.2. Market Analysis, Insights and Forecast - by Technology
      • 10.2.1. Remote Sensing
      • 10.2.2. GPS/GNSS Systems
      • 10.2.3. Variable Rate Technology (VRT
    • 10.3. Market Analysis, Insights and Forecast - by Application
      • 10.3.1. Crop Management
      • 10.3.2. Financial management
      • 10.3.3. Weather Forecasting
      • 10.3.4. Person
      • 10.3.5. Inventory Management
      • 10.3.6. Irrigation Management
  11. 11. North America Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Component
        • 11.1.1 Hardware
        • 11.1.2 Software
        • 11.1.3 Services
      • 11.2. Market Analysis, Insights and Forecast - By Technology
        • 11.2.1 Remote Sensing
        • 11.2.2 GPS/GNSS Systems
        • 11.2.3 Variable Rate Technology (VRT
      • 11.3. Market Analysis, Insights and Forecast - By Application
        • 11.3.1 Crop Management
        • 11.3.2 Financial management
        • 11.3.3 Weather Forecasting
        • 11.3.4 Person and Inventory Management
        • 11.3.5 Irrigation Management
      • 11.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.4.1 United States
        • 11.4.2 Canada
        • 11.4.3 Mexico
  12. 12. Middle East & Africa Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Component
        • 12.1.1 Hardware
        • 12.1.2 Software
        • 12.1.3 Services
      • 12.2. Market Analysis, Insights and Forecast - By Technology
        • 12.2.1 Remote Sensing
        • 12.2.2 GPS/GNSS Systems
        • 12.2.3 Variable Rate Technology (VRT
      • 12.3. Market Analysis, Insights and Forecast - By Application
        • 12.3.1 Crop Management
        • 12.3.2 Financial management
        • 12.3.3 Weather Forecasting
        • 12.3.4 Person and Inventory Management
        • 12.3.5 Irrigation Management
      • 12.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.4.1 UAE
        • 12.4.2 South Africa
        • 12.4.3 Saudi Arabia
        • 12.4.4 Rest of Middle East Africa
  13. 13. Asia Pacific Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Component
        • 13.1.1 Hardware
        • 13.1.2 Software
        • 13.1.3 Services
      • 13.2. Market Analysis, Insights and Forecast - By Technology
        • 13.2.1 Remote Sensing
        • 13.2.2 GPS/GNSS Systems
        • 13.2.3 Variable Rate Technology (VRT
      • 13.3. Market Analysis, Insights and Forecast - By Application
        • 13.3.1 Crop Management
        • 13.3.2 Financial management
        • 13.3.3 Weather Forecasting
        • 13.3.4 Person and Inventory Management
        • 13.3.5 Irrigation Management
      • 13.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.4.1 China
        • 13.4.2 Japan
        • 13.4.3 India
        • 13.4.4 South Korea
        • 13.4.5 Taiwan
        • 13.4.6 South East Asia
        • 13.4.7 Australia
        • 13.4.8 Rest of Asia-Pacific
  14. 14. Europe Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
      • 14.1. Market Analysis, Insights and Forecast - By Component
        • 14.1.1 Hardware
        • 14.1.2 Software
        • 14.1.3 Services
      • 14.2. Market Analysis, Insights and Forecast - By Technology
        • 14.2.1 Remote Sensing
        • 14.2.2 GPS/GNSS Systems
        • 14.2.3 Variable Rate Technology (VRT
      • 14.3. Market Analysis, Insights and Forecast - By Application
        • 14.3.1 Crop Management
        • 14.3.2 Financial management
        • 14.3.3 Weather Forecasting
        • 14.3.4 Person and Inventory Management
        • 14.3.5 Irrigation Management
      • 14.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 14.4.1 Germany
        • 14.4.2 France
        • 14.4.3 Italy
        • 14.4.4 United Kingdom
        • 14.4.5 Spain
        • 14.4.6 Nordics
        • 14.4.7 Benelux
        • 14.4.8 Rest of Europe
  15. 15. Latin America Precision Agriculture Market Analysis, Insights and Forecast, 2018-2030
      • 15.1. Market Analysis, Insights and Forecast - By Component
        • 15.1.1 Hardware
        • 15.1.2 Software
        • 15.1.3 Services
      • 15.2. Market Analysis, Insights and Forecast - By Technology
        • 15.2.1 Remote Sensing
        • 15.2.2 GPS/GNSS Systems
        • 15.2.3 Variable Rate Technology (VRT
      • 15.3. Market Analysis, Insights and Forecast - By Application
        • 15.3.1 Crop Management
        • 15.3.2 Financial management
        • 15.3.3 Weather Forecasting
        • 15.3.4 Person and Inventory Management
        • 15.3.5 Irrigation Management
      • 15.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 15.4.1 Brazil
        • 15.4.2 Argentina
        • 15.4.3 Rest of South America
  16. 16. Competitive Analysis
    • 16.1. Global Market Share Analysis 2023
      • 16.2. Company Profiles
        • 16.2.1 Precision Planting LLC
          • 16.2.1.1. Overview
          • 16.2.1.2. Products
          • 16.2.1.3. SWOT Analysis
          • 16.2.1.4. Recent Developments
          • 16.2.1.5. Financials (Based on Availability)
        • 16.2.2 TeeJet Technologies
          • 16.2.2.1. Overview
          • 16.2.2.2. Products
          • 16.2.2.3. SWOT Analysis
          • 16.2.2.4. Recent Developments
          • 16.2.2.5. Financials (Based on Availability)
        • 16.2.3 CropMetrics LLC
          • 16.2.3.1. Overview
          • 16.2.3.2. Products
          • 16.2.3.3. SWOT Analysis
          • 16.2.3.4. Recent Developments
          • 16.2.3.5. Financials (Based on Availability)
        • 16.2.4 Trimble Inc.
          • 16.2.4.1. Overview
          • 16.2.4.2. Products
          • 16.2.4.3. SWOT Analysis
          • 16.2.4.4. Recent Developments
          • 16.2.4.5. Financials (Based on Availability)
        • 16.2.5 Ag Leader Technology
          • 16.2.5.1. Overview
          • 16.2.5.2. Products
          • 16.2.5.3. SWOT Analysis
          • 16.2.5.4. Recent Developments
          • 16.2.5.5. Financials (Based on Availability)
        • 16.2.6 Deere & Company
          • 16.2.6.1. Overview
          • 16.2.6.2. Products
          • 16.2.6.3. SWOT Analysis
          • 16.2.6.4. Recent Developments
          • 16.2.6.5. Financials (Based on Availability)
        • 16.2.7 Raven Industries
          • 16.2.7.1. Overview
          • 16.2.7.2. Products
          • 16.2.7.3. SWOT Analysis
          • 16.2.7.4. Recent Developments
          • 16.2.7.5. Financials (Based on Availability)
        • 16.2.8 Lindsay Corporation
          • 16.2.8.1. Overview
          • 16.2.8.2. Products
          • 16.2.8.3. SWOT Analysis
          • 16.2.8.4. Recent Developments
          • 16.2.8.5. Financials (Based on Availability)
        • 16.2.9 Monsanto Company
          • 16.2.9.1. Overview
          • 16.2.9.2. Products
          • 16.2.9.3. SWOT Analysis
          • 16.2.9.4. Recent Developments
          • 16.2.9.5. Financials (Based on Availability)
        • 16.2.10 Valmont Industries
          • 16.2.10.1. Overview
          • 16.2.10.2. Products
          • 16.2.10.3. SWOT Analysis
          • 16.2.10.4. Recent Developments
          • 16.2.10.5. Financials (Based on Availability)
        • 16.2.11 Topcon
          • 16.2.11.1. Overview
          • 16.2.11.2. Products
          • 16.2.11.3. SWOT Analysis
          • 16.2.11.4. Recent Developments
          • 16.2.11.5. Financials (Based on Availability)
        • 16.2.12 and Farmers Edge Inc.
          • 16.2.12.1. Overview
          • 16.2.12.2. Products
          • 16.2.12.3. SWOT Analysis
          • 16.2.12.4. Recent Developments
          • 16.2.12.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Precision Agriculture Market Revenue Breakdown (USD billion, %) by Region 2023 & 2031
  2. Figure 2: Global Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  3. Figure 3: Global Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  4. Figure 4: Global Precision Agriculture Market Forecast (USD billion), by Hardware 2020 & 2031
  5. Figure 5: Global Precision Agriculture Market Forecast (USD billion), by Software 2020 & 2031
  6. Figure 6: Global Precision Agriculture Market Forecast (USD billion), by Services 2020 & 2031
  7. Figure 7: Global Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  8. Figure 8: Global Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  9. Figure 9: Global Precision Agriculture Market Forecast (USD billion), by Remote Sensing 2020 & 2031
  10. Figure 10: Global Precision Agriculture Market Forecast (USD billion), by GPS/GNSS Systems 2020 & 2031
  11. Figure 11: Global Precision Agriculture Market Forecast (USD billion), by Variable Rate Technology (VRT 2020 & 2031
  12. Figure 12: Global Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  13. Figure 13: Global Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  14. Figure 14: Global Precision Agriculture Market Forecast (USD billion), by Crop Management 2020 & 2031
  15. Figure 15: Global Precision Agriculture Market Forecast (USD billion), by Financial management 2020 & 2031
  16. Figure 16: Global Precision Agriculture Market Forecast (USD billion), by Weather Forecasting 2020 & 2031
  17. Figure 17: Global Precision Agriculture Market Forecast (USD billion), by Person 2020 & 2031
  18. Figure 18: Global Precision Agriculture Market Forecast (USD billion), by Inventory Management 2020 & 2031
  19. Figure 19: Global Precision Agriculture Market Forecast (USD billion), by Irrigation Management 2020 & 2031
  20. Figure 20: Global Precision Agriculture Market Revenue (USD billion), by Region 2023 & 2031
  21. Figure 21: Global Precision Agriculture Market Revenue Share (%), by Region 2023 & 2031
  22. Figure 22: North America Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  23. Figure 23: North America Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  24. Figure 24: North America Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  25. Figure 25: North America Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  26. Figure 26: North America Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  27. Figure 27: North America Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  28. Figure 28: North America Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  29. Figure 29: North America Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  30. Figure 30: Middle East & Africa Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  31. Figure 31: Middle East & Africa Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  32. Figure 32: Middle East & Africa Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  33. Figure 33: Middle East & Africa Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  34. Figure 34: Middle East & Africa Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  35. Figure 35: Middle East & Africa Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  36. Figure 36: Middle East & Africa Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  37. Figure 37: Middle East & Africa Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  38. Figure 38: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  39. Figure 39: Asia Pacific Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  40. Figure 40: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  41. Figure 41: Asia Pacific Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  42. Figure 42: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  43. Figure 43: Asia Pacific Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  44. Figure 44: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  45. Figure 45: Asia Pacific Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  46. Figure 46: Europe Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  47. Figure 47: Europe Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  48. Figure 48: Europe Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  49. Figure 49: Europe Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  50. Figure 50: Europe Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  51. Figure 51: Europe Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  52. Figure 52: Europe Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  53. Figure 53: Europe Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  54. Figure 54: Latin America Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  55. Figure 55: Latin America Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  56. Figure 56: Latin America Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  57. Figure 57: Latin America Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  58. Figure 58: Latin America Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  59. Figure 59: Latin America Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  60. Figure 60: Latin America Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  61. Figure 61: Latin America Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  62. Figure 62: North America Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  63. Figure 63: North America Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  64. Figure 64: North America Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  65. Figure 65: North America Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  66. Figure 66: North America Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  67. Figure 67: North America Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  68. Figure 68: North America Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  69. Figure 69: North America Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  70. Figure 70: Europe Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  71. Figure 71: Europe Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  72. Figure 72: Europe Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  73. Figure 73: Europe Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  74. Figure 74: Europe Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  75. Figure 75: Europe Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  76. Figure 76: Europe Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  77. Figure 77: Europe Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  78. Figure 78: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  79. Figure 79: Asia Pacific Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  80. Figure 80: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  81. Figure 81: Asia Pacific Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  82. Figure 82: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  83. Figure 83: Asia Pacific Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  84. Figure 84: Asia Pacific Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  85. Figure 85: Asia Pacific Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  86. Figure 86: Latin America Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  87. Figure 87: Latin America Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  88. Figure 88: Latin America Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  89. Figure 89: Latin America Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  90. Figure 90: Latin America Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  91. Figure 91: Latin America Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  92. Figure 92: Latin America Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  93. Figure 93: Latin America Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
  94. Figure 94: MEA Precision Agriculture Market Revenue (USD billion), by Component 2023 & 2031
  95. Figure 95: MEA Precision Agriculture Market Revenue Share (%), by Component 2023 & 2031
  96. Figure 96: MEA Precision Agriculture Market Revenue (USD billion), by Technology 2023 & 2031
  97. Figure 97: MEA Precision Agriculture Market Revenue Share (%), by Technology 2023 & 2031
  98. Figure 98: MEA Precision Agriculture Market Revenue (USD billion), by Application 2023 & 2031
  99. Figure 99: MEA Precision Agriculture Market Revenue Share (%), by Application 2023 & 2031
  100. Figure 100: MEA Precision Agriculture Market Revenue (USD billion), by Country 2023 & 2031
  101. Figure 101: MEA Precision Agriculture Market Revenue Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  2. Table 2: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  3. Table 3: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  4. Table 4: Global Precision Agriculture Market Revenue USD billion Forecast, by Region 2018 & 2031
  5. Table 5: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  6. Table 6: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  7. Table 7: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  8. Table 8: Global Precision Agriculture Market Revenue USD billion Forecast, by Region 2018 & 2031
  9. Table 9: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  10. Table 10: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  11. Table 11: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  12. Table 12: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  13. Table 13: United States Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  14. Table 14: Canada Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  15. Table 15: Mexico Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  16. Table 16: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  17. Table 17: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  18. Table 18: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  19. Table 19: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  20. Table 20: UAE Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  21. Table 21: South Africa Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  22. Table 22: Saudi Arabia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  23. Table 23: Rest of Middle East Africa Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  24. Table 24: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  25. Table 25: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  26. Table 26: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  27. Table 27: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  28. Table 28: China Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  29. Table 29: Japan Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  30. Table 30: India Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  31. Table 31: South Korea Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  32. Table 32: Taiwan Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  33. Table 33: South East Asia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  34. Table 34: Australia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  35. Table 35: Rest of Asia-Pacific Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  36. Table 36: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  37. Table 37: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  38. Table 38: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  39. Table 39: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  40. Table 40: Germany Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  41. Table 41: France Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  42. Table 42: Italy Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  43. Table 43: United Kingdom Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  44. Table 44: Spain Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  45. Table 45: Nordics Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  46. Table 46: Benelux Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  47. Table 47: Rest of Europe Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  48. Table 48: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  49. Table 49: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  50. Table 50: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  51. Table 51: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  52. Table 52: Brazil Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  53. Table 53: Argentina Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  54. Table 54: Rest of South America Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  55. Table 55: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  56. Table 56: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  57. Table 57: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  58. Table 58: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  59. Table 59: U.S. Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  60. Table 60: Canada Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  61. Table 61: Mexico Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  62. Table 62: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  63. Table 63: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  64. Table 64: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  65. Table 65: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  66. Table 66: UK Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  67. Table 67: Germany Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  68. Table 68: France Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  69. Table 69: Italy Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  70. Table 70: Spain Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  71. Table 71: Russia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  72. Table 72: Netherlands Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  73. Table 73: Switzerland Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  74. Table 74: Poland Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  75. Table 75: Sweden Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  76. Table 76: Belgium Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  77. Table 77: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  78. Table 78: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  79. Table 79: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  80. Table 80: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  81. Table 81: China Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  82. Table 82: India Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  83. Table 83: Japan Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  84. Table 84: South Korea Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  85. Table 85: Australia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  86. Table 86: Singapore Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  87. Table 87: Malaysia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  88. Table 88: Indonesia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  89. Table 89: Thailand Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  90. Table 90: Philippines Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  91. Table 91: New Zealand Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  92. Table 92: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  93. Table 93: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  94. Table 94: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  95. Table 95: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  96. Table 96: Brazil Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  97. Table 97: Mexico Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  98. Table 98: Argentina Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  99. Table 99: Chile Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  100. Table 100: Colombia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  101. Table 101: Peru Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  102. Table 102: Global Precision Agriculture Market Revenue USD billion Forecast, by Component 2018 & 2031
  103. Table 103: Global Precision Agriculture Market Revenue USD billion Forecast, by Technology 2018 & 2031
  104. Table 104: Global Precision Agriculture Market Revenue USD billion Forecast, by Application 2018 & 2031
  105. Table 105: Global Precision Agriculture Market Revenue USD billion Forecast, by Country 2018 & 2031
  106. Table 106: UAE Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  107. Table 107: Saudi Arabia Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  108. Table 108: South Africa Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  109. Table 109: Egypt Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  110. Table 110: Turkey Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  111. Table 111: Israel Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  112. Table 112: Nigeria Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  113. Table 113: Kenya Precision Agriculture Market Revenue (USD billion) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 14.95% from 2018-2032
Segmentation
    • By Component
      • Hardware
      • Software
      • Services
    • By Technology
      • Remote Sensing
      • GPS/GNSS Systems
      • Variable Rate Technology (VRT
    • By Application
      • Crop Management
      • Financial management
      • Weather Forecasting
      • Person
      • Inventory Management
      • Irrigation Management
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Netherlands
      • Switzerland
      • Poland
      • Sweden
      • Belgium
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • New Zealand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Colombia
      • Peru
    • MEA
      • UAE
      • Saudi Arabia
      • South Africa
      • Egypt
      • Turkey
      • Israel
      • Nigeria
      • Kenya

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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