The Global Precision Agriculture Market is Anticipated to reach USD 15.98 Billion by 2030 from an estimated USD 9.20 Billion in 2023, at a CAGR of 8.20% between 2023 and 2030.

Scope and Dynamics of the Precision Agriculture Market

Precision Agriculture (PA) is a farming management strategy based on observing, measuring and responding to temporal and spatial variability to improve agricultural production sustainability. It is used in both crop and livestock production. Precision agriculture often employs technologies to automate agricultural operations, improving their diagnosis, decision-making or performing. First conceptual work on PA and practical applications go back in the late 1980s.The goal of precision agriculture research is to define a decision support system (DSS) for whole farm management with the goal of optimizing returns on inputs while preserving resources.

Among these many approaches is a Phyto geomorphological approach which ties multi-year crop growth stability/characteristics to topological terrain attributes. The interest in the Phyto geomorphological approach stems from the fact that the geomorphology component typically dictates the hydrology of the farm field.

This Business intelligence report offers actionable insights to the crucial aspects pertaining to this marketplace. This report is rendered with an aim to empower industry participants with extensive knowledge on the ongoing trends of this industry. It includes a strategic assessment of the growth drivers, challenges, pricing trends, and competitive hierarchy of this marketplace. The expert analysts have used proven research methodologies to conduct the entire market analysis. The report further provides a 360 outlook of the regional landscape and competitive terrain of this marketplace.

This marketplace has been garnering massive traction over the stipulated timeline due to the emergence of various expansion propellants. The competitive nature of this market has pushed the prime players to adopt high end business centric strategies and strengthen their global footprint. This business intelligence report is curated with an aim to help the market contenders obtain a complete understanding on every micro and macro trends of the industry with in turn will allow them to formulate robust expansion strategies.

Global Precision Agriculture Market Segmentation

By Component

• Hardware
• Automation & Control Systems
• Sensing Devices
• Antennas & Access Points

By Software

• Web-based
• Cloud-based

By Service

• System Integration & Consulting
• Maintenance & Support
• Managed Services
• Assisted Professional Services

By Application

• Yield Monitoring
• Field Mapping Telematics

By Crop Scouting

• Weather Tracking & Forecasting
• Inventory Management
• Farm Labor Management
• Others

By Technology

• Guidance Technology
• GPS/GNSS-Based Guidance Technology
• GIS-based Guidance Technology
• Remote Sensing Technology
• Handheld or Ground-based Sensing
• Satellite or Aerial Sensing
• Variable-Rate Technology
• Map-based VRT
• Sensor-based VRT

By Key Market Players

• Deere & Company
• Crop Metrics LLC
• Trimble Navigation Limited
• CropX
• AgSmarts Inc
• AgSense LLC
• AGCO Corporation
• DICKEY-john
• Monsanto Company
• Ag Leader Technology

Regional Insights

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA