Driving Precision Agriculture Market Growth in 2025: The Role of Precision Agriculture Meets Rising Food Demand Through Data-Driven Solutions

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

Precision Agriculture Market Size Growth Forecast: What to Expect by 2025?
The size of the precision agriculture market has seen a quick expansion in recent times. Its growth is expected to rise from $7.78 billion in 2024 to $8.71 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%. The historic growth has been driven by factors such as the enlargement and complicatedness of farms, elevated demand for food, and a surge in the demand for agriculture solutions based on Internet of Things (IoT) and Artificial Intelligence (AI).

How Will the Precision Agriculture Market Size Evolve and Grow by 2029?
Expectations are high for a swift expansion in the precision agriculture market in the upcoming years, with projections indicating a surge to $13.59 billion by 2029. This rise, which represents a compound annual growth rate (CAGR) of 11.8%, is believed to be driven by factors such as the growing embracement of AI and machine learning, an escalating need for food security, and the consumer's call for transparency and traceability. The period under prediction also sees noteworthy trends such as the development of customised crop management solutions, the assimilation of blockchain for traceability, and forward strides in remote sensing technologies.

View the full report here:
https://www.thebusinessresearchcompany.com/report/precision-agriculture-global-market-report

What Drivers Are Propelling the Growth of Precision Agriculture Market Forward?
The ascension in requirements for food is predicted to spur the expansion of the precision agriculture market in the future. In this context, food refers to anything ingested to deliver nutritional aid for a living body. Factors including population increase, economic progress, and shift in eating patterns contribute to the soaring food demand. Precision agriculture provides assistance to agriculturists in pinpointing and handling issues like soil erosion, lack of nutrients, and pest invasion in a timely manner. Using data-informed insights, farmers can enhance crop robustness and reduce crop output losses by undertaking precise measures such as modifying soil properties, rotating crops, or employing pest management methods. For example, in October 2024, the World Bank Group, an organization based in the US involved in International Trade and Development, forecasted that by 2050 the worldwide audience will skyrocket to 10 billion. This surge will call for a 60% increase in food output in order to fulfill the escalating demand while concurrently grappling with the issues brought on by the rapid advancement of climate change. Consequently, the burgeoning requirement for food is acting as a catalyst for the growth of the precision agriculture market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15244&type=smp

Which Emerging Trends Are Transforming the Precision Agriculture Market in 2025?
Prominent corporations within the precision agriculture market are spearheading the creation of precision agriculture platforms like Arc Farm Intelligence to facilitate digital farming management solutions. This platform is a holistic system that amalgamates various technologies and practices to bolster crop production by delivering real-time data and insights to the farmers. For example, in March 2024, the Indian based chemical corporation, FMC India, unveiled Arc Farm Intelligence, a precision agriculture platform intended to assist farmers in improving productivity and boosting agricultural sustainability. This platform is designed to provide seamless connectivity, efficient data arrangement, and relevant task management capacities in collaboration with advisers, farmers, and other key participants. The platform along with all the required field monitoring equipment are supplied free of charge to the farmer, as a part of FMC India's commitment to ensuring that smallholder and historically underprivileged farmers gain access to progressive technologies.

What Are the Key Segments in the Precision Agriculture Market?
The precision agriculture market covered in this report is segmented -

1) By Component: Hardware, Software, Service
2) By Technology: Guidance Technology, Remote Sensing Technology, Variable-Rate Technology
3) By Application: Yield Monitoring, Field Mapping Telematics, Crop Scouting, Weather Tracking And Forecasting, Inventory Management, Farm Labor Management, Other Applications

Subsegments:
1) By Hardware: Sensors, GPS Systems, Drones And Uavs, Tractors And Farm Machinery, Automated Irrigation Systems
2) By Software: Farm Management Software, Data Analytics Software, Remote Sensing Software, Precision Irrigation Software
3) By Service: Consulting Services, Support And Maintenance Services, System Integration Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15244&type=smp

Who Are the Key Players Shaping the Precision Agriculture Market's Competitive Landscape?
Major companies operating in the precision agriculture market report are Deere & Company; Corteva Agriscience; Monsanto Company; Syngenta AG; AGCO Corporation; Trimble Inc.; Raven Industries Inc.; Planet Labs Inc.; The Climate Corporation; Farmers Edge Inc.; Solinftec Inc.; Ag Leader Technology Inc.; Iteris Inc.; dic*kEY-John Corporation; Taranis Visual Ltd.; AgJunction Inc.; Farmobile LLC; Arable Labs Inc.; The Yield Technology Solutions Pty Ltd.; Topcon Positioning Systems Inc.; Agribotix LLC; SlantRange Inc.; AquaSpy Inc.; Agworld Pty Ltd.; CropMetrics LLC

What Geographic Markets Are Powering Growth in the Precision Agriculture Market?
North America was the largest region in the precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15244

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

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. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.