Precision Farming Market Growth Accelerates: 13.1% CAGR Targets US$ 49.29 Billion by 2034

𝐓𝐡𝐞 𝐩𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐟𝐚𝐫𝐦𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟏𝟒.𝟒𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟏𝟔.𝟑𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟓 𝐭𝐨 𝐔𝐒𝐃 𝟒𝟗.𝟐𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟒, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟑.𝟏% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
Precision farming refers to the use of advanced tools and techniques in order to optimize use of resources which help in increasing their crop output. Farmers use tools such as remote sensing and Global Positioning System (GPS) in order to implement variability if required during crop management.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/precision-farming-market/request-for-sample

Precision farming helps in increasing crop output by also helping in maintaining profit for the farmer. VRT or Variable Rate Technology is employed which helps cutting down on unnecessary wastage of resources such as seeds and pesticides. This technique also monitors use of motorized vehicles and equipment such as tractors thereby reducing fuel emissions. VRT also uses remote sensing data to analyse the prevalence of pests and unpredictable environmental factors using soil maps and crop history.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:
• The rising human population globally necessitates the adoption of Precision farming. With freshwater levels globally being reduces and water sources being contaminated, water usage for crops needs to be optimized. Using automated techniques such as machine learning, crop water usage can be maintained. The planting of crops requiring less water is another measure that can be taken in order to reduce this burden.

• Food security is a growing concern due to a large segment of the population not being able to access nutrient rich food. Precision farming employs AI tools such as Machine learning, IoT and automated logarithms to reduce wastage of resources such as seeds, water and pesticides.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/precision-farming-market/request-for-discount-pricing

𝐌𝐚𝐣𝐨𝐫 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:
Precision farming is the need of the hour due to rapidly changing consumer demands. In order to keep up with these demands many companies are now making use of their research department to increase crop productivity. Some of the top precision farming market key players are:
• Deere & Company
• Trimble Inc.
• Agco Corporation
• Raven Industries Inc.
• Agjunction Inc.
• Topcon Positioning Systems Inc.
• Precision Planting LLC
• SST Development Group Inc.
• The Climate Corporation
• AG Leader Technology Inc.
• BASF

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
• The precision farming market is segmented based on technology, offering, , application and region.

• Based on offering, the hardware segment accounted for the largest share in 2024. This is due to the growing demand for advanced farming equipment such as GPS devices, sensors, drones, and automated machinery.

• Based on technology, the variable rate technology segment is expected to experience significant growth as it enables farmers to adjust the application of resources such as water, fertilizers, and pesticides based on real-time data about specific areas of a field.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/precision-farming-market

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
North America led the precision farming market in 2024, driven by its advanced agricultural sector, strong technological infrastructure, and government support. The adoption of GPS mapping, variable rate technology, and yield monitoring is increasing, enhancing crop yields while reducing costs and environmental impact. Subsidies and tax incentives further encourage adoption.

Asia Pacific is witnessing rapid growth due to rising food demand and the need for sustainable farming. Countries like China, India, and Japan are integrating GPS, sensors, and drones to optimize production. Government support and growing awareness of precision farming benefits are accelerating market expansion across the region.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Pet Wearable Market:
https://www.polarismarketresearch.com/industry-analysis/pet-wearable-market

Professional Service Automation Market:
https://www.polarismarketresearch.com/industry-analysis/professional-service-automation-market

Over-The-Top Devices And Services Market:
https://www.polarismarketresearch.com/industry-analysis/over-the-top-devices-and-services-market

Network Function Virtualization Market:
https://www.polarismarketresearch.com/industry-analysis/network-function-virtualization-market

Agriculture Analytics Market:
https://www.polarismarketresearch.com/industry-analysis/agriculture-analytics-market

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