Precision Farming Market Set to Cultivate a Smart Agriculture Revolution with 7.5% CAGR Through 2031 | Major key players - Ag Leader Technology, AGCO Corporation, Deere and Company.

Market Overview:

The Precision Farming Market is estimated to reach at a CAGR of 7.50% during the forecast period 2024-2031. The Market is driven by increasing adoption of advanced technologies like IoT, AI, and GPS for efficient crop monitoring and resource management. According to DataM Intelligence

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The Precision Farming Market involves the use of advanced technologies such as GPS, IoT, drones, sensors, and data analytics to optimize agricultural practices. It enables farmers to monitor crop conditions, manage resources efficiently, and enhance productivity while reducing waste. This data-driven approach supports sustainable farming, improved yields, and cost-effective agricultural management.

Industry Recent Developments: United States

✅ August 2025: John Deere announced a $20 billion investment over the next decade to enhance U.S. operations, including new products and expanded manufacturing facilities.

✅ August 2025: A leading U.S. food manufacturer acquired a vertically integrated indoor farming operation focused on leafy greens and microgreens to strengthen fresh produce sourcing in urban markets.

✅ July 2025: SpaceX partnered with CNH Industrial to provide satellite internet connectivity via Starlink, enhancing CNH's precision farming technologies like autonomous operations even in remote areas.

Industry Recent Developments: Japan

✅ August 2025: Over 60% of Japanese rice farms are projected to use precision agriculture technologies, with a strong emphasis on agricultural robots and AI to boost productivity and address labor shortages.

✅ August 2025: Japan integrates AI and robotics for autonomous tractors, robotic rice transplanters, and AI-equipped harvesters, optimizing inputs like water and fertilizers for resource efficiency.

✅ October 2025: Japan's precision farming success in agricultural automation and smart farming techniques continues to set global benchmarks, emphasizing sustainable agriculture and urban farming expansion.

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Major Key Players:

Ag Leader Technology
AgJunction, Inc.
AGCO Corporation
AgEagle Aerial Systems Inc. (Agribotix LLC)
Deere and Company
Farmers Edge Inc.
CropMetrics LLC
Granular, Inc.
Raven Industries, Inc.
Trimble, Inc.

Market Growth Drivers:

Rising Food Demand and Population Growth: The global population surpassing 8 billion creates increased pressure on agriculture to enhance crop yields and efficiency. Precision farming enables targeted input application and better resource optimization to meet food demand sustainably.

Technological Advancements: Innovations in AI, Internet of Things (IoT), big data analytics, drones, and robotics drive adoption. These technologies enable real-time monitoring, decision-making, and automation, improving productivity and reducing waste.

Sustainability and Environmental Concerns: Governments and organizations promote climate-resilient farming practices. Precision farming reduces overuse of water, fertilizers, and pesticides, addressing pollution and greenhouse gas emissions, promoting eco-friendly agriculture.

Segments Covered in the Precision Farming Market:

By Technology: Guidance Technology, Remote Sensing Technology, Variable Rate Technology.

By Offering: Hardware, Software, Services.

By Application: Yield Monitoring, Crop Scouting, Field Mapping, Variable Rate Application, Weather Tracing & Forecasting, Inventory Management, Farm Labor Management, Financial Management, Others.

Regional Analysis for Precision Farming Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Precision Farming market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Precision Farming Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Precision Farming market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Precision Farming Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Precision Farming market?

➠ Who are the global key manufacturers of the Precision Farming Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Precision Farming market opportunities and threats faced by the vendors in the global Precision Farming Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Precision Farming market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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