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Rising Agricultural Sector Drives The Remote Sensing Technology For Agriculture Market: Critical Driver Shaping the Global Remote Sensing Technology for Agriculture Market in 2025
Remote Sensing Technology for Agriculture
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Remote Sensing Technology for Agriculture Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
In recent times, there has been robust growth in the market size for agricultural remote sensing technology. The market, which was valued at $1.93 billion in 2024, is projected to expand to $2.07 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 7.2%. This historic growth is largely due to the incorporation of geographic information systems (GIS), the emergence of satellite-based solutions, the advancement of unmanned aerial vehicles (UAVs), the progress in image processing methods, and the initiation of precision agriculture programs._x000D_
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Remote Sensing Technology for Agriculture Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
The market size for agricultural remote sensing technology is anticipated to experience substantial growth in the coming years. It is projected to reach $3.01 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. This growth during the forecast period is linked to government funding and initiatives, emphasis on sustainable farming, IoT and sensor incorporation, adaptation of precision farming, and improved satellite imaging services. Major trends identified for the forecast period include governmental support and initiatives, big data analytics emergence, IoT expansion in farming, focus on precision farming, and the evolution of satellite-dependent solutions._x000D_
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https://www.thebusinessresearchcompany.com/report/remote-sensing-technology-for-agriculture-global-market-report_x000D_
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What Are the Drivers Transforming the Remote Sensing Technology for Agriculture Market?_x000D_
The agricultural market's escalating implementation of remote sensing technology is predicted to spur its growth. This sector embarks on soil cultivation, mainly for growing crops, and the technology is utilized to enhance the yield from the farm by ameliorating soil properties, crop species while also observing weeds and ailments that affect crops. For instance, the Department of Agriculture and Food Security in Victoria, a region based in Australia devoted to agriculture and food industries, reported that the gross value of agricultural production (GVAP) in Victoria reached a new peak of $20.2 billion in 2021-22, denoting a significant 15% or $2.7 billion rise compared to the GVAP of the prior year. Hence, the propelling usage of remote sensing technology in the agricultural industry fosters the growth of the market for the same._x000D_
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What Long-Term Trends Will Define the Future of the Remote Sensing Technology for Agriculture Market? _x000D_
The rise of strategic alliances is a prominent trend in the agricultural remote sensing technology sector. Notably, prominent companies in this market are collaborating to enhance agricultural methods. Case in point, General Mills Inc., a multinational manufacturing corporation in the US, allied with Regrow Agriculture Inc., a UK-domiciled agricultural remote sensing tech company, in January 2022. The chief objective of this alliance is to oversee farming methods and increase their international possibilities. Moreover, in February 2023, EOS Data Analytics (EOSDA), an American entity that offers AI-boosted satellite imagery analytics, formed a partnership with Agrvision. This collaboration aims to tackle significant ecological, agricultural, and sustainability issues while propelling the regenerative farming goals of participating agriculturists. This alliance aspires to assist local agriculturists to make informed decisions regarding crop intensification, and equip them with insights into agricultural analytics and remote sensing technologies. With a base in Kenya, Agrvision offers agri-tech solutions to the agriculture and forestry sectors._x000D_
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Which Segments in the Remote Sensing Technology for Agriculture Market Offer the Most Profit Potential?_x000D_
The remote sensing technology for agriculturemarket covered in this report is segmented - _x000D_
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1) By Component: Hardware, Software, Services_x000D_
2) By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking And Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Other Applications_x000D_
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Subsegments:_x000D_
1) By Hardware: Sensors, Drones And UAVs (Unmanned Aerial Vehicles), Ground-Based Equipment _x000D_
2) By Software: Data Analytics Software, Geographic Information System (GIS) Software, Image Processing Software _x000D_
3) By Services: Data Acquisition And Management Services, Consulting And Advisory Services, Training And Support Services_x000D_
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Which Firms Dominate the Remote Sensing Technology for Agriculture Market by Market Share and Revenue in 2025?_x000D_
Major companies operating in the remote sensing technology for agriculture market include Yara International ASA, Koch Ag & Energy Solutions, Coromandel International Limited, Agriculture Solutions Inc., Sapec Agro S.A, Kugler Company, ICL Group Ltd., Honeywell International Inc., Green Peak Technologies LLC, ABB Ltd., Kheti Buddy Pvt. Ltd., Trimble Inc., PrecisionHawk Inc., Deere & Company, Ag Leader Technology, Raven Industries Inc., Topcon Corporation, AgJunction Inc., SST Software BV, The Climate Corporation, Iteris Inc., Taranis Inc., Gamaya, MicaSense Inc., TerrAvion Inc., Descartes Labs, CropX Technologies Inc., Granular Inc. _x000D_
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Which Regions Offer the Highest Growth Potential in the Remote Sensing Technology for Agriculture Market?_x000D_
North America was the largest region in the remote sensing technology for agriculture market in 2024. The regions covered in the remote sensing technology for agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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