The Precision Agriculture Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Precision Agriculture Market?
The market size of the Precision Agriculture Global Market Report 2025 has expanded swiftly in the past few years. The market's size is projected to increase from $7.78 billion in 2024 to $8.71 billion in 2025, growing at a compound annual growth rate (CAGR) of 12.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Precision Agriculture Industry?
The Precision Agriculture Global Market is projected to reach a size of $13.59 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.8%.
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What are the Key Growth Drivers Fueling the Precision Agriculture Market?
The key drivers in the precision agriculture market are:
• Rising adoption of AI and machine learning in agriculture
• Growing need for food security
• Increased consumer interest in transparency and traceability in agriculture
• Advancements in remote sensing technologies
Global Market Segmentation: Identifying Major Precision Agriculture Industry Segments
The precision agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Technology: Guidance Technology, Remote Sensing Technology, Variable-Rate Technology
3) By Application: Yield Monitoring, Field Mapping Telematics, Crop Scouting, Weather Tracking And Forecasting, Inventory Management, Farm Labor Management, Other Applications
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What are the Emerging Trends Shaping the Future of the Precision Agriculture Market?
The key trends in the precision agriculture market are:
• Personalized crop management solutions are becoming a significant trend.
• Integration of blockchain for traceability is emerging as a notable trend.
• Increasing adoption of AI and machine learning continues to shape the market.
• Advancements in remote sensing technologies are becoming a growing trend.
Who Are the Top Competitors & Leading Players in the Precision Agriculture Market?
Major companies in the precision agriculture market are:
• Deere & Company
• Corteva Agriscience
• Monsanto Company
• Syngenta AG
• AGCO Corporation
• Trimble Inc.
• Raven Industries Inc.
• Planet Labs Inc.
• The Climate Corporation
• Farmers Edge Inc.
• Solinftec Inc.
• Ag Leader Technology Inc.
• Iteris Inc.
• DICKEY-John Corporation
• Taranis Visual Ltd.
• AgJunction Inc.
• Farmobile LLC
• Arable Labs Inc.
• The Yield Technology Solutions Pty Ltd.
• Topcon Positioning Systems Inc.
• Agribotix LLC
• SlantRange Inc.
• AquaSpy Inc.
• Agworld Pty Ltd.
• CropMetrics LLC
Regional Dominance: Which Area Leads the Global Precision Agriculture Market?
North America was the largest region in the precision agriculture market in 2024
