PUBLISHER: BCC Research | PRODUCT CODE: 1378374
PUBLISHER: BCC Research | PRODUCT CODE: 1378374
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.
The North American market for precision farming is expected to increase from $2.7 billion in 2023 to $4.9 billion by the end of 2028, with a CAGR of 12.3% during the forecast period of 2023-2028.
The Asia-Pacific market for precision farming is expected to increase from $1.7 billion in 2023 to $3.2 billion by the end of 2028, with a CAGR of 13.0% during the forecast period of 2023-2028.
This report incorporates an in-depth analysis of the precision farming market, including market estimations and trends through 2028. The report is focused on estimating the market for precision farming, which covers components, hardware, software, and applications. Major players, competitive intelligence, systems and technologies, market dynamics, and regional opportunities are discussed in detail. The report examines recent developments and product portfolios of major players. The report presents a market analysis and estimates the precision farming market's compound annual growth rate (CAGR).
This report segments the global market by these geographic regions: North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. For market value, data is provided for 2022 as the base year, estimates for 2023, and a forecast through year-end 2028.
The report also discusses the major players across each regional precision farming market. Further, it explains the major drivers and regional dynamics of the global precision farming market and current trends within the industry. The report concludes with a particular focus on the vendor landscape and includes detailed profiles of the major vendors in the market.
Table A : Global Market Forecast for Precision Farming, Through 2028
Figure A : Global Market Forecast for Precision Farming, 2022-2028
Figure B : Snapshot of Global Precision Farming Markets and Their Growth Analysis, 2023-2028