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

Publisher SPER Market Research Pvt. Ltd.
Published Jul 29, 2025
Length 258 Pages
SKU # SPER20400339

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.

Table of Contents

258 Pages
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
12. Conclusion
13. List of Abbreviations
14. Reference Links

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