Precision Agriculture Market Size, Competitive Landscape and Market Forecast - 2029

Global Precision Agriculture Market is segmented by Offering (Software, Hardware, Services), By Application (Crop Scouting, Field Mapping, Precision Irrigation, Irrigation Management, Weather Tracking & Forecasting, Yield Monitoring, Others), By Technology (Remote Sensing, Guidance System, Variable Rate Technology), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The global precision agriculture market is expected to grow at a CAGR of 13.2% in the forecast period 2022-2029.

Market Growth Drivers

• Increasing demand for food mainly from growing economies, extreme weather conditions, depleting water resources, gradually decreasing land under cultivation, etc. are raising the need to invent innovative and fruitful methods of cultivation.
• Precision Agriculture is one such revolutionary method of farming.
• Precision Agriculture optimizes the yield per unit of land by adopting modern methods and sustainably using different types of technologies to grow better crops in terms of quality and quantity.

Market Segmentation

• Precision Agriculture Market is segmented by offering into software, hardware, and services.
• Further, the market is segmented based on the Application into Crop Scouting, Field Mapping, Precision Irrigation, Irrigation Management, Weather Tracking & Forecasting, Yield Monitoring, and Others.
• In addition, the market is also segmented based on Technology into Remote Sensing, Guidance systems, and Variable Rate Technology (VRT).

Market Geographical Analysis

• The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.
• North America is leading global Precision Agriculture with market revenue of 1.5 Billion in 2017, followed by Europe and Asia.

Market Key Companies

• This report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
• It profiles the following companies: AGCO Corporation, Agribotix LLC, Agjunction Inc., CropMetrics LLC, Deere and Company, Farmers Edge Inc., Grownetics, Inc., Granular, Inc, Raven Industries, INC., SST Development Group, Inc., Trimble, Inc., The Climate Corporation, Logiqs B.V., and Topcon Corporation.

Key takeaways from this report

• Visualize the composition of the Precision Agriculture market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the market – level 4/5 segmentation
• A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for key Precision Agriculture products of all major market players

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