Precision Agriculture Market Estimated to Grow at a Healthy CAGR from 2024 to 2031 | AGCO Corporation, Agribotix LLC, Agjunction Inc.

The Precision Agriculture Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Precision Agriculture market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Global Precision Agriculture Market reached USD 7 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 18 billion by 2031. The market is expected to exhibit a CAGR of 12.5% during the forecast period 2024-2031.

Precision agriculture uses advanced technologies such as GPS, sensors, and data analytics to optimize farming practices. This approach enhances productivity, reduces waste, and minimizes environmental impact by tailoring crop care to specific field conditions. Technologies like drones and satellite imagery enable farmers to monitor soil health, water usage, and crop performance in real time. Precision agriculture is a cornerstone of modern, sustainable farming.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as

AGCO Corporation, Agribotix LLC, Agjunction Inc., CropMetrics LLC, Deere and Company, Farmers Edge Inc., Grownetics, Inc., Granular, Inc, Raven Industries, and Trimble, Inc.

Key Developments:

❁ On August 24, 2021, Semios, a Canadian company renowned for its precision-farming platform in the permanent crop market, announced its acquisition of the farm management platform Agworld. This strategic move aimed to create an independent global AgTech powerhouse. The combined entity will serve growers, agronomists, and ag retailers across several key agricultural regions, including the U.S., Canada, Australia, New Zealand, Europe, and South Africa. The merger strengthens Semios' position in the AgTech industry, enabling the provision of advanced digital farming solutions to enhance crop management and sustainability on a global scale.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Precision Agriculture market has been 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.

Research Process

Both primary and secondary data sources have been used in the global Precision Agriculture Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Precision Agriculture Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Precision Agriculture market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Precision Agriculture Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Precision Agriculture market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Precision Agriculture Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Precision Agriculture market?

➠ Who are the global key manufacturers of the Precision Agriculture Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Precision Agriculture market opportunities and threats faced by the vendors in the global Precision Agriculture Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Precision Agriculture market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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