Global Space-Based Precision Agriculture Market Projected to Grow at 10.6% CAGR, Reaching $8.29 Billion by 2029

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What Will the Space-Based Precision Agriculture Industry Market Size Be by 2025?
The market size of precision agriculture based in space has been experiencing significant escalation in recent years. Expansion from $5 billion in 2024 to $5.55 billion in 2025 is expected at a Compound Annual Growth Rate (CAGR) of 10.9%. The historical growth can be accredited to factors like intensifying investments in agritech startups, rising use of GPS and GNSS in agriculture, escalating worldwide food demand, government backing for precision agriculture, and the progression of low-Earth orbit satellite networks.

What's the Long-Term Growth Forecast for the Space-Based Precision Agriculture Market Size Through 2029?
The market size for space-based precision agriculture is slated to witness significant expansion in the coming years, anticipated to reach $8.29 billion by 2029 with a CAGR of 10.6%. This projected growth during the aforementioned period can be traced back to a surge in demand for climate-smart agricultural solutions, increased need for water efficiency in farming practices, heightened emphasis on reducing carbon footprint in the agricultural sector, elevated consciousness regarding satellite monitoring among small-scale farmers, and advancements in precision irrigation systems through the use of satellite data. Noteworthy trends during this forecast timeline encompass progress in satellite imaging technology, strides made in artificial intelligence and machine learning for crop analytics, 5th generation connectivity extending to rural locations, the creation of digital twins for agricultural terrains, and AI-aided diagnoses for crop health.

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What Are the Key Growth Drivers Fueling the Space-Based Precision Agriculture Market Expansion?
The growth of the space-based precision agriculture market is likely to be driven by the rising emphasis on sustainable agriculture. This type of farming aims to meet current food needs without endangering the wellbeing of our natural resources and ecosystems for generations to come. Factors such as environmental concerns due to traditional farming methods which contribute to soil erosion, water shortages, and climate change are fueling the shift toward more environmentally friendly farming practices. Space-based precision agriculture employs satellite imagery and remote sensing to accurately monitor crop health, as well as soil and water conditions. This technology allows farmers to make optimal use of resources, decrease waste, and increase crop yields, thereby promoting more sustainable farming practices. For example, the Department for Environment, Food, and Rural Affairs, a UK government department, reported in May 2023 that the UK's total organic farmland, comprising fully converted and transitioning land, hit 509,000 hectares in 2022, a slight rise of 0.4% from 2021. This growing commitment to sustainable agriculture is therefore catalyzing the expansion of the space-based precision agriculture market.

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What Are the Key Trends Driving Space-Based Precision Agriculture Market Growth?
Major firms in the space-based precision agriculture market are prioritizing the development of innovative advanced products, including global navigation satellite system (GNSS) receivers, to improve field mapping precision and increase yields while minimizing costs. A GNSS receiver is a tool that captures satellite signals to accurately identify location and timing, delivering navigational and positional accuracy necessary for applications like precision agriculture. For example, in April 2025, PTx Trimble, an American company specializing in seamless precision farming solutions, launched NAV-960, a cutting-edge guidance controller. This controller is engineered specifically for precision autoguidance in farming and offers substantial improvements over its precursor, the NAV-900. Enhancements include increased processing capacity, elevated positioning accuracy (improving vehicle positioning and line following by up to 50%), and robust performance in extreme conditions. The main functionalities are sophisticated inertial sensors, the newest GNSS engine, onboard Trimble ProPoint and IonoGuard technology for protection against solar interference, centimeter-level precision using correction signals, and full compatibility with established PTx Trimble steering systems and GFX monitors.

How Is the Space-Based Precision Agriculture Market Segmented?
The space-based precision agriculture market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Remote Sensing, Global Positioning System (GPS), Geographic Information System (GIS), Satellite Imagery, Other Technologies
3) By Application: Crop Monitoring, Soil Health Monitoring, Yield Mapping, Irrigation Management, Other Applications
4) By End-User: Farmers, Agribusinesses, Research Institutions, Other End-Users

Subsegments:
1) By Hardware: Global Navigation Satellite System (GNSS) Or Global Positioning System (GPS) Devices, Satellite Sensors, Remote Sensing Equipment, Yield Monitors, Variable Rate Technology (VRT) Equipment, Control Systems, Display Devices, Drones With Satellite Connectivity, Soil And Weather Sensors
2) By Software: Data Management Software, Imaging And Mapping Software, Farm Management Software, Geospatial Analytics Tools, Variable Rate Application Software, Remote Monitoring And Diagnostic Tools, Artificial Intelligence (AI)-Based Predictive Analytics Platforms
3) By Services: Satellite Imagery And Mapping Services, Data Analytics And Advisory Services, Installation And Integration Services, Maintenance And Support Services, Consulting And Training Services, Data-As-A-Service (DaaS), Cloud-Based Crop Monitoring Services

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Which Companies Are Leading the Charge in Space-Based Precision Agriculture Market Innovation?
Major companies operating in the space-based precision agriculture market are Airbus SE, John Deere, CNH Industrial, Maxar Technologies Inc., Planet Labs Inc., ICEYE Ltd., Spire Global Inc., BlackSky Technology Inc., AG Leader Technology, GHGSat Inc., Taranis Inc, CropX Inc., SatSure, OneSoil, Satelligence, Agremo, Gamaya SA, AgriEdge, GeoOptics Inc., Eos Data Analytics, Climate FieldView, Farmonaut Technologies Pvt. Ltd.

Which Regions Are Leading the Global Space-Based Precision Agriculture Market in Revenue?
North America was the largest region in the space-based precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space-based precision agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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