Key Influencer in the Precision Harvesting Market 2025: Rising Demand For High Crop Yields To Drive Precision Harvesting Market Growth Driver

What Is the Forecasted Market Size and Growth Rate for the Precision Harvesting Market?
In the last few years, there has been a significant growth in the size of the precision harvesting market. It is predicted to expand from $15.86 billion in 2024 to $17.43 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The prior growth can be linked to the increase in sustainable farming methods, heightened consciousness of precision agriculture, expansion in farm sizes, the rise in agri-tech startups, and an intensified focus on the quality of crops.

In the upcoming years, the market size of precision harvesting is predicted to witness a significant surge, swelling to $25.15 billion in 2029 with a 9.6% compound annual growth rate (CAGR). Various factors such as increasing requirement for large crop output, advancements in farm automation, global food demand spike, rising labor expenses, and a growing need for high-grade produce are anticipated to fuel this growth in the forecast period. This period could also see prevailing trends such as technological evolution, autonomous tractors, global positioning systems, systems for monitoring yield, and sensory technology.

What Factors Are Fueling Growth in the Precision Harvesting Market?
The escalating need for superior crop yields is anticipated to fuel the expansion of the precision harvesting market in the future. The term "high crop yield" denotes the amount of agricultural output harvested from each unit of farmland, typically expressed in weight or volume. Numerous factors such as urbanization, climate variations, food safety, increasing wealth, changing dietary habits, global commerce, and market demands contribute to the desire for high crop yields. Precision harvesting methods and technology enable farmers to optimize crop yields by enhancing efficiency, minimizing waste, improving quality, and making evidence-based decisions using real-time data and analytics. For example, in February 2024, the Department for Environment, Food, and Rural Affairs, a UK government agency, stated that harvested wheat production rose 11% in 2022 to over 15.5 million metric tons due to higher yields, thereby generating a production value of £4.1 billion ($5.25 billion), a 50% increase from 2021. Also, in 2022, oilseed rape production increased by 39% to roughly 1,361 thousand tons due to improved average yields and an expanded cultivation area relative to 2021. Consequently, the surging demand for high crop yields is propelling the precision harvesting market's growth.

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Which Businesses Are at the Forefront of Precision Harvesting Market Development?
Major companies operating in the precision harvesting market are Deere & Company, CNH Industrial NV, KUBOTA Corporation, AGCO Corporation, Trimble Inc., Topcon Corporation, Raven Industries Inc., Precision Planting LLC, TeeJet Technologies, CLAAS KGAA mbH, Kinze Manufacturing Inc., Ag Leader Technology, FarmWise Labs Inc., Clearpath Robotics Inc., Sentera Inc., Farmers Edge Inc., DICKEY-john Corporation, Taranis Visual Ltd., senseFly SA, PrecisionHawk Inc., Octinion NV, VineView Sciences Inc.

What Are the Latest Innovations in the Precision Harvesting Market?
In the precision harvesting market, key companies are focusing on developing cutting-edge products like automated harvesting systems, to aid farmers in enhancing their yield and profits during harvest times. This automated harvesting system uses progressive technologies and machinery to carry out harvesting activities with limited human input. These systems utilize robotics, sensors, AI, and other technologies to carry out accurate and efficient crop harvesting. In a demonstration, Case IH, an American agricultural machinery producer, launched their new Axial-Flow 260 series combine in June 2024. This series has been equipped with an in-built technology tailored to cater to the specific needs of farmers, and it comes with no subscription fee. The Axial-Flow 260 series boasts a harvest command combine automation feature which auto-adjusts settings to optimize throughput and grain quality. It further consists of high-resolution Pro 1200 Dual Displays, enabling operators to monitor machine metrics, field performance, and grain quality in real time effortlessly. The 260 series comes with dual Pro1200 displays that offer advanced user-friendly Harvest Command automation technology, mapping capabilities, and advanced guidance, along with connectivity with other Pro700-enabled machines. The superior technology incorporated in the combine improves throughput and grain handling using the single-rotor Case IH harvesting technology.

How Is the Precision Harvesting Market Segmented?
The precision harvesting market covered in this report is segmented -

1) By Product: Combine Harvesters, Harvesting Robots, Self-propelled Forage Harvesters
2) By Offering: Hardware, Software, Services
3) By Application: Crop Harvesting, Greenhouse, Horticulture, Other Applications

Subsegments:
1) By Combine Harvesters: Grain Combine Harvesters, Corn Combine Harvesters, Rice Combine Harvesters, Multi-Crop Combine Harvesters
2) By Harvesting Robots: Fruit-Picking Robots, Vegetable-Picking Robots, Automated Grape Harvesters, Autonomous Berry Harvesters
3) By Self-Propelled Forage Harvesters: Corn Forage Harvesters, Grass Forage Harvesters, Sugarcane Forage Harvesters, Whole-Crop Forage Harvesters

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Where Is the Precision Harvesting Market Growth Most Prominent?
North America was the largest region in the precision harvesting market in 2023. The regions covered in the precision harvesting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Precision Harvesting Global Market Report?

- Market Size Analysis: Analyze the Precision Harvesting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Precision Harvesting 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 Harvesting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Precision Harvesting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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