Precision Agriculture Market Size to Hit USD 21.5 Billion During Forecast 2025-2033 | Growing at 9.66% of CAGR

The recent report by IMARC Group, entitled "𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐆𝐍𝐒𝐒/𝐆𝐏𝐒 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐆𝐈𝐒, 𝐑𝐞𝐦𝐨𝐭𝐞 𝐒𝐞𝐧𝐬𝐢𝐧𝐠, 𝐕𝐚𝐫𝐢𝐚𝐛𝐥𝐞 𝐑𝐚𝐭𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐕𝐑𝐓), 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐓𝐲𝐩𝐞 (𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐒𝐞𝐧𝐬𝐢𝐧𝐠 𝐚𝐧𝐝 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐃𝐞𝐯𝐢𝐜𝐞𝐬, 𝐅𝐚𝐫𝐦 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐬), 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 (𝐇𝐚𝐫𝐝𝐰𝐚𝐫𝐞, 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞), 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐌𝐚𝐩𝐩𝐢𝐧𝐠, 𝐂𝐫𝐨𝐩 𝐒𝐜𝐨𝐮𝐭𝐢𝐧𝐠, 𝐘𝐢𝐞𝐥𝐝 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠, 𝐒𝐨𝐢𝐥 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠, 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐈𝐫𝐫𝐢𝐠𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟓-𝟐𝟎𝟑𝟑", offers a comprehensive analysis of the precision agriculture market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭?

The global precision agriculture market size reached 𝐔𝐒𝐃 𝟗.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2024. Looking forward, IMARC Group expects the market to reach 𝐔𝐒𝐃 𝟐𝟏.𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 2033, exhibiting a growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟗.𝟔𝟔% during 2025-2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.imarcgroup.com/precision-agriculture-market/requestsample

𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐈𝐨𝐓 𝐚𝐧𝐝 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐢𝐧 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞:

Another crucial development fuelling the market transformation is the progressive integration of IoT and advanced IoT sensors and tools into farming activities. Such technologies allow real-time analyses of the status of crops, soils, weather conditions, and crop irrigation. Furthermore, with the help of IoT-driven sensors, enormous amounts of data are individually processed with ML integrated systems to provide information and analysis. Farmers can then make accurate decisions about irrigation, fertilizer, and pest control.

Innovations in the designs of these devices are fuelling a projected increase of IoT devices as such this forecast sees more devices being integrated within farming operations thus driving precision agriculture. These devices also contribute to the reduction of wastage, enhancement of food production and sustainability which seek to address problems of food insecurity and preservation of resources. With the increasing emphasis on sustainable development and supportive policies from governments, the market for these devices is expected to grow as there will be more demand on IoT-enabled devices within precision agriculture further spurring the market growth.

𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐚𝐧𝐝 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐟𝐨𝐫 𝐂𝐫𝐨𝐩 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:

Integration of Artificial Intelligence (AI) and machine learning (ML) technologies in precision agriculture is one more major trend. The information gathered by sensors, drones or satellites is processed with AI and ML making it possible for farmers to make predictive decisions and enhance their business operations. These technologies facilitate crop management through forecasting potential disease outbreaks, assessing if the soil is healthy, and identifying the most suitable periods for planting, irrigation, as well as harvesting crops.

Another advantage of AI-enabled devices is that they can substantially automate farming processes which in turn lead to the reduction of labor costs and increase the efficiency of the processes. For example, AI-enabled tractors and harvesters can independently plant, water, or harvest crops. The functioning of AI and ML will continuously improve which will result in more intelligent predictions and optimization of farming resources while preserving the ecosystem. Overall, these trends of growing demand for intelligence farming coupled with the dropping prices of AI technologies will not stop, in the reverse, these tendencies will foster further expansion of AI and ML applications in precision agriculture.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐔𝐬𝐞 𝐨𝐟 𝐃𝐫𝐨𝐧𝐞𝐬 𝐚𝐧𝐝 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐟𝐨𝐫 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐃𝐚𝐭𝐚 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧:

Drones and satellite images can be termed as the revolutionizers in precision agriculture because they give farmers the chances to view over a wide expanse at once and assess the health of the crops in detail. This technology makes it possible to gather high-resolution aerial images that can identify and map areas of concern, such as infestation and pest control, nutrients deficiency, and even water wastage at real time. Specialized cameras such as multispectral or thermal sensors onboard drones obtain important information that can be analyzed for generating prescription maps in variable rate mapping(VRM) for application of water, fertilizers, and pesticide.

Satellite imaging on the other hand allows for advanced planning by giving a wider view of weather changes and climatic conditions to farmers. Other precision agriculture technologies such as AI and IoT devices when incorporated with satellite imaging and aerial drones, makes these solutions more effective. There are expectations that armed forces will begin to adopt drone technologies since these resources will not require heavy regulation and the technologies will be sophisticated. This adoption is further likely to stimulate the growth in precision agriculture market.

𝐓𝐨𝐩 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The precision agriculture market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Agribotix
• Bayer CropScience AG
• Case IH Agriculture
• ClearAg Operations
• Conservis Corporation
• Deere & Company
• Farmers Edge Inc.
• Fairport Farm Software
• Fuse Technologies
• Granular AG
• Grownetics Inc.
• IBM
• MapShots Inc.
• Raven Industries
• SST Software

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐎𝐮𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐟𝐨𝐫 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭𝐬, 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.imarcgroup.com/request?type=report&id=930&flag=C

𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

There are various trends emerging in the precision agriculture market, all of which emphasize the shift towards agriculture practices that are data-oriented. One of such is the increasing use of such platforms which analyze satellite, sensors and internet of things images. Hence, farmers are now able to efficiently manage their crops by making smart choices on when and how much to irrigate, when to control pests, and how to fertilize their plants. There is also an increasing trend of utilizing self-operating farming machinery, which decreases the need for human labor and increases machinery efficiency.

In addition, AI and machine learning are being embedded into precision farm tools to enhance the prediction of crops performance, weather conditions, and the possibility of infestations. On top of that, in line with the growing consumer's needs, so there is a trend of using blockchain technology in precision agriculture to provide information about the life cycle of agricultural products. Such scenarios show the evolving picture of the agriculture scene, one which has all the factors of technology, sustainability, and dependency on data. The increasing growth and decreasing costs of these technologies will positively impact market penetration and farming methods for a long time to come.

𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:

• GNSS/GPS Systems
• GIS
• Remote Sensing
• Variable Rate Technology (VRT)
• Others

By technology, 𝐆𝐍𝐒𝐒/𝐆𝐏𝐒 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 represented the largest segment due to their widespread use in precision mapping and navigation to improve field operations.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐓𝐲𝐩𝐞:

• Automation and Control Systems
• Sensing and Monitoring Devices
• Farm Management Systems

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 represented the largest segment as they enable enhanced farm management through real-time monitoring and machinery automation.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭:

• Hardware
• Software

𝐇𝐚𝐫𝐝𝐰𝐚𝐫𝐞 represented the largest segment as it includes essential devices, such as sensors, drones, and GPS systems that drive data collection.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Mapping
• Crop Scouting
• Yield Monitoring
• Soil Monitoring
• Precision Irrigation
• Others

𝐘𝐢𝐞𝐥𝐝 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 represented the largest segment due to its crucial role in assessing crop performance and guiding informed harvesting decisions.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 led the precision agriculture market due to the swift adoption of smart farming technologies and supportive government initiatives. Increased investment in modern agricultural solutions and a focus on propelling productivity have driven the region's growth, making it the largest segment for precision agriculture advancements and innovations.

𝐍𝐨𝐭𝐞: 𝐒𝐡𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐧𝐨𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐚𝐫𝐞 𝐩𝐥𝐞𝐚𝐬𝐞𝐝 𝐭𝐨 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐲𝐨𝐮𝐫 𝐧𝐞𝐞𝐝𝐬.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐒:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.