Precision Agriculture Market is projected to witness lucrative growth by reaching up to USD 18 billion by 2031 | Top Companies - AGCO Corporation, Agribotix LLC, Agjunction Inc

Market Size and Growth:

The Global Precision Agriculture Market Size reached USD 7 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 18 billion by 2031. The Market is expected to exhibit a CAGR of 12.5% during the forecast period 2024-2031. According to DataM Intelligence Report.

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The Precision Agriculture Market refers to the sector focused on advanced farming technologies that optimize crop production and resource management. It involves using tools like GPS, IoT devices, drones, sensors, and data analytics to monitor soil, weather, and crop health. The market aims to increase efficiency, reduce waste, enhance yields, and support sustainable agricultural practices globally.

United States: Recent Developments of Precision Agriculture Market

✅ September 2025: Deere & Company launched an upgraded John Deere Operations Center with AI capabilities to improve farm data management and efficiency.​

✅ October 2025: A major U.S. food manufacturer acquired a vertically integrated indoor farming operation focused on leafy greens and microgreens for urban produce supply.​

✅ November 2025: Precision farming software adoption grew for workflow automation and fleet coordination, especially for medium-scale farms handling specialty crops.​

Europe: Recent Developments of Precision Agriculture Market

✅ September 2025: EBRD provided a €30 million loan to Scandagra Group to deploy precision agriculture technologies across 150,000 hectares in the Baltic states, enhancing fertilizer and pesticide efficiency.​

✅ October 2025: CREA-VE hosted a workshop at Agrilevante on precision viticulture, showcasing data-driven vineyard monitoring and resource optimization.​

✅ November 2025: The AGRI-DIGITAL GROWTH project advanced precision farming training and living labs for SMEs in Central Europe to boost digitalization and sustainability.

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Major Players:

Key companies in the Precision Agriculture market include:

AGCO Corporation
Agribotix LLC
Agjunction Inc
CropMetrics LLC
Deere and Company
Farmers Edge Inc
Grownetics, Inc
Granular, Inc
Raven Industries
Trimble, Inc.

Market Growth Drivers:

✅ Technological Advancements: Rapid innovations in AI, IoT sensors, GPS, drones, and data analytics enable real-time farm monitoring, precise resource application, and higher yields with reduced waste.

✅ Rising Food Demand: Global population growth and urbanization increase pressure on agriculture to boost productivity efficiently, making precision tools essential for meeting food security needs.

✅ Sustainability Needs: Resource scarcity, climate volatility, and environmental concerns drive adoption of practices that optimize water, fertilizers, and pesticides while minimizing ecological impact.​

Segments Covered in the Precision Agriculture Market:

By Offering: Software, Hardware, Services.

By Application: Crop Scouting, Field Mapping, Precision Irrigation, Irrigation Management, Weather Tracking & Forecasting, Yield Monitoring, Others.

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

Regional Analysis for Precision Agriculture 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 Agriculture market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Precision Agriculture 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 Agriculture 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 Agriculture 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 Agriculture market?

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

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

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

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