Press release
Precision Farming Market: Amplifying Growth, Driven by a CAGR of 14.8% and Climbing to $17.79 Billion by 2029
Precision Farming Market
What Is The Projected Market Size Of The Global Precision Farming Market And Its Growth Rate?
The global precision farming market has seen rapid expansion in recent years and is set to continue this trajectory:
• Growth from $8.86 billion in 2024 to $10.24 billion in 2025 at a CAGR of 15.6% has been driven by factors like the growing population, environmental concerns, and governmental support.
• The market is projected to reach $17.79 billion in 2029 at a CAGR of 14.8%. This future growth is expected to be fueled by adaptation to climate change and a focus on sustainability.
What Is Driving The Growth In The Precision Farming Market?
The surge in demand for food is one of the primary drivers for the growth of the precision farming market. Precision farming employs advanced agricultural methods that involve the use of technology to observe, measure, and analyze the needs of individual fields and crops, producing higher yields. For instance, according to the USDA Foreign Agricultural Service, global wheat production exceeded in 2023-2024 the production levels of 2022-2023. Therefore, the burgeoning demand for food and its production will continue to stimulate the growth of the precision farming market in the future.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample_request?id=7740&type=smp
Who Are the Key Players Driving Precision Farming Market Growth?
The precision farming market growth is supported by various key players such as:
• Deere and Company
• Trimble Inc
• AGCO Corporation
• AgJunction Inc
• Raven Industries Inc
• And others
What Are The Key Trends In The Precision Farming Market?
Major trends contributing to the thriving precision farming market include:
• Big data and analytics
• Digital farming platforms
• Drone technology
• Robotics and automation
• Smart sensors and IoT devices
• Precision livestock farming
• Collaborations and partnerships
What Are The Segments Of The Global Precision Farming Market?
The global precision farming market can be segmented as follows:
• By Offering: Hardware, Software, Services
• By Technology: Guidance Technology, Remote Sensing Technology, Variable Rate Application
• By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking And Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Other Applications
Which Region Leads The Precision Farming Market?
North America held the largest share of the precision farming market in 2024. The precision farming market report encompasses all regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/precision-farming-global-market-report
What Is Covered In The Precision Farming Market Global Market Report?
- Market Size Analysis: Analyze the Precision Farming Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Precision Farming Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Precision Farming Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Precision Farming Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=7740&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Precision Farming Market: Amplifying Growth, Driven by a CAGR of 14.8% and Climbing to $17.79 Billion by 2029 here
News-ID: 3819266 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Precision
Precision Harvesting Market Report 2024 - Precision Harvesting Market Trends And …
"The Business Research Company recently released a comprehensive report on the Global Precision Harvesting Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Electronic Precision Repair Service Market Growth Drivers, and Competitive Lands …
The Electronic Precision Repair Service Market Trends Overview 2024-2031:
A new Report by Worldwide Market Reports, titled "Electronic Precision Repair Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Electronic Precision Repair Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures,…
Precision Straightening Service Market by Forecast to 2030 With Covered Top Comp …
Worldwide Market Reports is pleased to announce the release of its latest research report titled "Precision Straightening Service Market - Forecast to 2030." This comprehensive report offers a holistic view of the Precision Straightening Service market, providing systematic segmentation and covering every aspect of the target market. With over-market data tables, pie charts, graphs, and figures spread across easy-to-understand pages, the report offers detailed analysis. The information presented in the…
Precision Diagnostics Market - Diagnostic Excellence, Delivered with Precision
Newark, New Castle, USA: The "Precision Diagnostics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Precision Diagnostics Market: https://www.growthplusreports.com/report/precision-diagnostics-market/8518
This latest report researches the industry structure, sales, revenue,…
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories.
Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment.
https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/
Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/
7th Floor Mulliner Towers,
39 Alfred Rewane Road,
Ikoyi
Lagos, Nigeria.
Direct Expansion Precision Air Conditioner
from 6 to…
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…
