Precision Farming Market Scope And Analysis

  • Report Code : TIPRE00010125
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 156
Buy Now

Precision Farming Market Scope and Analysis by 2031

Buy Now

Precision Farming Market Report Precision Farming Market Size and Share Precision Farming Market Scope and Analysis

Precision Farming Market Report Scope

Report Attribute Details
Market size in 2023 US$ 9.87 Billion
Market Size by 2031 US$ 26.44 Billion
Global CAGR (2023 - 2031) 13.1%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Offering
  • Hardware
  • Software
  • Services
By Application
  • Yield Monitoring
  • Crop Scouting
  • Field Mapping
  • Inventory Management
  • Weather Tracking and Forecasting
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • AgJunction LLC
  • Ag Leader Technology
  • CropX inc
  • AGCO Corporation
  • Trimble Inc
  • Deere and Company
  • CNH Industrial N V
  • Topcon
  • DICKEY john
  • TeeJetTechnologies
    		•

    Precision Farming Market News and Recent Developments

    The precision farming market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the precision farming market are listed below:

    • Deere & Company announced its agreement with SpaceX to provide cutting-edge satellite communications (SATCOM) service to farmers. Utilizing the industry leading Starlink network, this solution will allow farmers facing rural connectivity challenges to fully leverage precision agriculture technologies. This partnership, an industry first, will enable John Deere customers to be more productive, profitable, and sustainable in their operations as they continue to provide food, fuel, and fiber for their communities and the rest of the global population.

    (Source: Deere & Company, Press Release, January 2024)

    • Trimble (NASDAQ: TRMB) announced a definitive agreement to form a joint venture (the "JV") with AGCO (NYSE: AGCO) to better serve farmers with factory fit and aftermarket applications in the mixed fleet precision agriculture market. Trimble and AGCO's shared vision is to create a global leader in mixed fleet smart farming and autonomy solutions.

    (Source: Trimble Inc., Company Website, September 2023)

    Precision Farming Market Report Coverage and Deliverables

    The “Precision Farming Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Precision farming market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Precision farming market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST and SWOT analysis
    • Precision farming market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the precision farming market
    • Detailed company profiles