Global Precision Farming Market Growth, Size, Trends Analysis- By Offering, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Precision Farming Market Introduction and Overview

According to SPER Market Research, 'Global Precision Farming Market Size- By Type, By Application, By Category, By Source - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Precision Farming Market is predicted to reach 40.89 billion by 2034 with a CAGR 13.36%.

Precision farming, also called precision agriculture, is an advanced farming method that leverages modern technologies to enhance crop production and resource efficiency. It uses tools like GPS, IoT sensors, drones, and data analytics to monitor field conditions, such as soil health, weather changes, and crop performance in real time. This technology-driven approach enables farmers to apply water, fertilizers, and pesticides more accurately and only where needed. As a result, it improves yield, reduces input costs, and minimizes environmental impact.

Restraints: The precision farming market, while growing, faces several key challenges. One major hurdle is the high upfront cost of technologies like sensors, drones, and data analytics tools, which can be difficult for small and mid-sized farmers to afford. Many farmers also lack the technical skills and training needed to operate these systems effectively. In rural areas, limited internet connectivity hinders real-time data usage. Concerns over data privacy and ownership add further complexity.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Offering, By Application

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered Ag Leader Technology, AgJunction, Inc., CropMetrics LLC, Trimble, Inc., AGCO Corporation, Raven Industries Inc., Deere and Company, Topcon Corporation, AgEagle Aerial Systems Inc. (Agribotix LLC), and DICKEY-john Corporation.

Global Precision Farming Market Segmentation:

By Offering: Based on the Offering, Global Precision Farming Market is segmented as; Hardware, Software.

By Application: Based on the Application, Global Precision Farming Market is segmented as; Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Product Code: AGRI2511

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Precision Farming Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Precision Farming Market

7. Global Precision Farming Market, By Offering, (USD Million) 2021-2034

7.1. Hardware
7.2. Software

8. Global Precision Farming Market, By Application, (USD Million) 2021-2034

8.1. Yield Monitoring
- 8.1.1. On-Farm
- 8.1.2. Off-Farm
8.2. Field Mapping
8.3. Crop Scouting
8.4. Weather Tracking & Forecasting
8.5. Irrigation Management
8.6. Inventory Management
8.7. Farm Labor Management

9. Global Precision Farming Market, (USD Million) 2021-2034

9.1. Global Precision Farming Market Size and Market Share

10. Global Precision Farming Market, By Region, 2021-2034 (USD Million)

10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America

11. Company Profile

11.1. Ag Leader Technology
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
11.2. AgJunction, Inc.
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
11.3. CropMetrics LLC
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
11.4. Trimble, Inc.,
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
11.5. AGCO Corporation
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
11.6. Raven Industries Inc.
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
11.7. Deere and Company
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
11.8. Topcon Corporation
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
11.9. AgEagle Aerial Systems Inc. (Agribotix LLC)
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
11.10. DICKEY-john Corporation
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
11.11. Others