Press release
Precision Miniature Ball Screws Market Report 2025 Presenting Size, Share, and Long-Term Outlook to 2031
Market Summary -The global market for Precision Miniature Ball Screws was estimated to be worth US$ 581 million in 2024 and is forecast to a readjusted size of US$ 868 million by 2031 with a CAGR of 6.0% during the forecast period 2025-2031.
According to QY Research, a new publication titled "Global Precision Miniature Ball Screws Market Share and Ranking, Overall Sales and Demand Forecast 2026-2031" provides an in-depth, data-driven analysis of the global Precision Miniature Ball Screws market to support informed decision-making and sustainable growth strategies. Authored by experienced market analysts and subject-matter experts, the report delivers accurate market data, validated insights, and actionable recommendations for industry participants. It evaluates historical performance alongside future forecasts to clearly explain competitive dynamics, key growth drivers, market challenges, and emerging opportunities. With detailed coverage of market dynamics, segmentation, leading companies, and regional trends, this comprehensive report serves as a reliable strategic resource for businesses looking to gain a competitive edge in the global Precision Miniature Ball Screws market.
Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): http://qyresearch.in/request-sample/machinery-equipment-precision-miniature-ball-screws-global-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031
The report offers a detailed analysis of the competitive landscape of the global Precision Miniature Ball Screws market, with a strong focus on recent developments, future expansion plans, and key growth strategies adopted by leading players. It profiles nearly all major companies operating in the market, highlighting critical business aspects such as production capabilities, geographic presence, and product portfolios. Each company is evaluated using essential performance indicators including market share, growth rate, company size, production volume, revenue, and earnings. This comprehensive competitive assessment helps stakeholders understand market positioning, benchmark competitors, and identify strategic opportunities within the global Precision Miniature Ball Screws market.
The ball screw is a Roller screw drive with balls as rolling elements, it serves to implement a rotational movement in a longitudinal movement or vice versa. Here, the micro ball screw is defined as a ball screw with a diameter of less than 16 mm.
Major Company Included: -
NSK
THK
Ewellix
Schaeffler
PMI GROUP
Hiwin Corporation
Bosch Rexroth Corporation
Altra Industrial Motion (Thomson)
KSS
Dai-ichi Sokuhan Works Co.
I+F Antriebs- und Maschinentechnik GmbH
August Steinmeyer GmbH & Co. KG
Tsubaki Nakashima
Nidec Sankyo
KURODA Precision
TBI Motion
HIPP
OME Technology Co., Ltd. (STAF)
Nanjing Technical Equipment Manufacture Co., Ltd.
Market driving factor analysis -
Technological progress and innovation: -
With the continuous progress of material science, manufacturing process and precision machining technology, the performance, accuracy and reliability of micro ball screws have been significantly improved, thus meeting more demanding application needs.
Innovative design enables micro ball screws to achieve higher transmission efficiency and accuracy in a smaller space.
Automation and miniaturization trend: -
With the rapid development of automation technology, more and more equipment needs to be miniaturized and precise to adapt to more complex working environments.
As a key transmission component, the demand for micro ball screws in automation equipment continues to increase, especially in the fields of micro robots and precision medical equipment.
Industry application expansion: -
The application field of micro ball screws continues to expand, from traditional mechanical equipment to high-tech fields such as medical equipment, aerospace, electronic equipment, and optical instruments.
These fields have extremely high requirements for the accuracy, reliability and stability of transmission components, providing more growth opportunities for the ultra-micro ball screw market.
Market demand growth: -
With the continuous growth of the global economy and the improvement of people's living standards, the demand for high-tech products continues to increase.
As an important part of high-tech products, the market demand for micro ball screws also grows accordingly.
In summary, the micro ball screw market is driven by multiple factors such as technological progress and innovation, automation and miniaturization trends, industry application expansion, and market demand growth. These factors have jointly promoted the rapid development of the micro ball screw market and provided it with broad growth space.
Market Segmentation and Regional -
By Type
Internal Circulation Ball Screw
External Circulation Ball Screw
By Application
CNC Machine
Semiconductor Machinery
Measuring Instrument
Medical Instruments
Aerospace
Other
The report provides valuable insights into the key segments of the global Precision Miniature Ball Screws market, with a strong focus on CAGR, market size, market share, and future growth potential. The market is comprehensively segmented by product type, application, and region, with each segment thoroughly analyzed to identify growth prospects, demand patterns, and emerging trends. This detailed segmental analysis plays a crucial role in uncovering high-growth and high-return opportunities across the market. By offering precise data on product- and application-level demand, the report enables businesses to prioritize profitable segments and develop targeted strategies within the global Precision Miniature Ball Screws market.
Regional Analysis -
✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)
Reasons to Procure this Report: -
►The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
►The report provides Precision Miniature Ball Screws market revenues at the worldwide, regional, and country-level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim.
►The research includes the Precision Miniature Ball Screws market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
►Precision Miniature Ball Screws market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
►This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
►The study helps evaluate Precision Miniature Ball Screws business predictions by region, key countries, and top companies' information to channel their investments.
Key questions answered in the report include:
►This Precision Miniature Ball Screws report gives all the information about the industry analysis, revenue, and overview, of this market.
►What will be the rate of increase in Precision Miniature Ball Screws market size and growth rate by the end of the forecast period?
►What are the major global Precision Miniature Ball Screws market trends influencing the development of the market?
►What are the vital results of SWOT analysis of the major players operating in the Precision Miniature Ball Screws market?
►What are the potential growth opportunities and threats faced by Major competitors in the Precision Miniature Ball Screws market?
►What are the market opportunities and threats faced by vendors in the Global Precision Miniature Ball Screws market?
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Table of Contents - Major Key Points:
1 Market Overview
1.1 Precision Miniature Ball Screws Product Introduction
1.2 Global Precision Miniature Ball Screws Market Size Forecast
1.2.1 Global Precision Miniature Ball Screws Sales Value (2020-2031)
1.2.2 Global Precision Miniature Ball Screws Sales Volume (2020-2031)
1.2.3 Global Precision Miniature Ball Screws Sales Price (2020-2031)
1.3 Precision Miniature Ball Screws Market Trends & Drivers
1.3.1 Precision Miniature Ball Screws Industry Trends
1.3.2 Precision Miniature Ball Screws Market Drivers & Opportunity
1.3.3 Precision Miniature Ball Screws Market Challenges
1.3.4 Precision Miniature Ball Screws Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Precision Miniature Ball Screws Players Revenue Ranking (2024)
2.2 Global Precision Miniature Ball Screws Revenue by Company (2020-2025)
2.3 Global Precision Miniature Ball Screws Players Sales Volume Ranking (2024)
2.4 Global Precision Miniature Ball Screws Sales Volume by Company Players (2020-2025)
2.5 Global Precision Miniature Ball Screws Average Price by Company (2020-2025)
2.6 Key Manufacturers Precision Miniature Ball Screws Manufacturing Base and Headquarters
2.7 Key Manufacturers Precision Miniature Ball Screws Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Precision Miniature Ball Screws
2.9 Precision Miniature Ball Screws Market Competitive Analysis
2.9.1 Precision Miniature Ball Screws Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Precision Miniature Ball Screws Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Precision Miniature Ball Screws as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Internal Circulation Ball Screw
3.1.2 External Circulation Ball Screw
3.2 Global Precision Miniature Ball Screws Sales Value by Type
3.2.1 Global Precision Miniature Ball Screws Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Precision Miniature Ball Screws Sales Value, by Type (2020-2031)
3.2.3 Global Precision Miniature Ball Screws Sales Value, by Type (%) (2020-2031)
3.3 Global Precision Miniature Ball Screws Sales Volume by Type
3.3.1 Global Precision Miniature Ball Screws Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Precision Miniature Ball Screws Sales Volume, by Type (2020-2031)
3.3.3 Global Precision Miniature Ball Screws Sales Volume, by Type (%) (2020-2031)
3.4 Global Precision Miniature Ball Screws Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 CNC Machine
4.1.2 Semiconductor Machinery
4.1.3 Measuring Instrument
4.1.4 Medical Instruments
4.1.5 Aerospace
4.1.6 Other
4.2 Global Precision Miniature Ball Screws Sales Value by Application
4.2.1 Global Precision Miniature Ball Screws Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Precision Miniature Ball Screws Sales Value, by Application (2020-2031)
4.2.3 Global Precision Miniature Ball Screws Sales Value, by Application (%) (2020-2031)
4.3 Global Precision Miniature Ball Screws Sales Volume by Application
4.3.1 Global Precision Miniature Ball Screws Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Precision Miniature Ball Screws Sales Volume, by Application (2020-2031)
4.3.3 Global Precision Miniature Ball Screws Sales Volume, by Application (%) (2020-2031)
4.4 Global Precision Miniature Ball Screws Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Precision Miniature Ball Screws Sales Value by Region
5.1.1 Global Precision Miniature Ball Screws Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Precision Miniature Ball Screws Sales Value by Region (2020-2025)
5.1.3 Global Precision Miniature Ball Screws Sales Value by Region (2026-2031)
5.1.4 Global Precision Miniature Ball Screws Sales Value by Region (%), (2020-2031)
5.2 Global Precision Miniature Ball Screws Sales Volume by Region
5.2.1 Global Precision Miniature Ball Screws Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Precision Miniature Ball Screws Sales Volume by Region (2020-2025)
5.2.3 Global Precision Miniature Ball Screws Sales Volume by Region (2026-2031)
5.2.4 Global Precision Miniature Ball Screws Sales Volume by Region (%), (2020-2031)
5.3 Global Precision Miniature Ball Screws Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Precision Miniature Ball Screws Sales Value, 2020-2031
5.4.2 North America Precision Miniature Ball Screws Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Precision Miniature Ball Screws Sales Value, 2020-2031
5.5.2 Europe Precision Miniature Ball Screws Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Precision Miniature Ball Screws Sales Value, 2020-2031
5.6.2 Asia Pacific Precision Miniature Ball Screws Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Precision Miniature Ball Screws Sales Value, 2020-2031
5.7.2 South America Precision Miniature Ball Screws Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Precision Miniature Ball Screws Sales Value, 2020-2031
5.8.2 Middle East & Africa Precision Miniature Ball Screws Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Precision Miniature Ball Screws Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Precision Miniature Ball Screws Sales Value and Sales Volume
6.2.1 Key Countries/Regions Precision Miniature Ball Screws Sales Value, 2020-2031
6.2.2 Key Countries/Regions Precision Miniature Ball Screws Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Precision Miniature Ball Screws Sales Value, 2020-2031
6.3.2 United States Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Precision Miniature Ball Screws Sales Value, 2020-2031
6.4.2 Europe Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Precision Miniature Ball Screws Sales Value, 2020-2031
6.5.2 China Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.5.3 China Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Precision Miniature Ball Screws Sales Value, 2020-2031
6.6.2 Japan Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Precision Miniature Ball Screws Sales Value, 2020-2031
6.7.2 South Korea Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Precision Miniature Ball Screws Sales Value, 2020-2031
6.8.2 Southeast Asia Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Precision Miniature Ball Screws Sales Value, 2020-2031
6.9.2 India Precision Miniature Ball Screws Sales Value by Type (%), 2024 VS 2031
6.9.3 India Precision Miniature Ball Screws Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 NSK
7.1.1 NSK Company Information
7.1.2 NSK Introduction and Business Overview
7.1.3 NSK Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 NSK Precision Miniature Ball Screws Product Offerings
7.1.5 NSK Recent Development
7.2 THK
7.2.1 THK Company Information
7.2.2 THK Introduction and Business Overview
7.2.3 THK Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 THK Precision Miniature Ball Screws Product Offerings
7.2.5 THK Recent Development
7.3 Ewellix
7.3.1 Ewellix Company Information
7.3.2 Ewellix Introduction and Business Overview
7.3.3 Ewellix Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Ewellix Precision Miniature Ball Screws Product Offerings
7.3.5 Ewellix Recent Development
7.4 Schaeffler
7.4.1 Schaeffler Company Information
7.4.2 Schaeffler Introduction and Business Overview
7.4.3 Schaeffler Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Schaeffler Precision Miniature Ball Screws Product Offerings
7.4.5 Schaeffler Recent Development
7.5 PMI GROUP
7.5.1 PMI GROUP Company Information
7.5.2 PMI GROUP Introduction and Business Overview
7.5.3 PMI GROUP Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 PMI GROUP Precision Miniature Ball Screws Product Offerings
7.5.5 PMI GROUP Recent Development
7.6 Hiwin Corporation
7.6.1 Hiwin Corporation Company Information
7.6.2 Hiwin Corporation Introduction and Business Overview
7.6.3 Hiwin Corporation Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Hiwin Corporation Precision Miniature Ball Screws Product Offerings
7.6.5 Hiwin Corporation Recent Development
7.7 Bosch Rexroth Corporation
7.7.1 Bosch Rexroth Corporation Company Information
7.7.2 Bosch Rexroth Corporation Introduction and Business Overview
7.7.3 Bosch Rexroth Corporation Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Bosch Rexroth Corporation Precision Miniature Ball Screws Product Offerings
7.7.5 Bosch Rexroth Corporation Recent Development
7.8 Altra Industrial Motion (Thomson)
7.8.1 Altra Industrial Motion (Thomson) Company Information
7.8.2 Altra Industrial Motion (Thomson) Introduction and Business Overview
7.8.3 Altra Industrial Motion (Thomson) Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Altra Industrial Motion (Thomson) Precision Miniature Ball Screws Product Offerings
7.8.5 Altra Industrial Motion (Thomson) Recent Development
7.9 KSS
7.9.1 KSS Company Information
7.9.2 KSS Introduction and Business Overview
7.9.3 KSS Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 KSS Precision Miniature Ball Screws Product Offerings
7.9.5 KSS Recent Development
7.10 Dai-ichi Sokuhan Works Co.
7.10.1 Dai-ichi Sokuhan Works Co. Company Information
7.10.2 Dai-ichi Sokuhan Works Co. Introduction and Business Overview
7.10.3 Dai-ichi Sokuhan Works Co. Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Dai-ichi Sokuhan Works Co. Precision Miniature Ball Screws Product Offerings
7.10.5 Dai-ichi Sokuhan Works Co. Recent Development
7.11 I+F Antriebs- und Maschinentechnik GmbH
7.11.1 I+F Antriebs- und Maschinentechnik GmbH Company Information
7.11.2 I+F Antriebs- und Maschinentechnik GmbH Introduction and Business Overview
7.11.3 I+F Antriebs- und Maschinentechnik GmbH Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 I+F Antriebs- und Maschinentechnik GmbH Precision Miniature Ball Screws Product Offerings
7.11.5 I+F Antriebs- und Maschinentechnik GmbH Recent Development
7.12 August Steinmeyer GmbH & Co. KG
7.12.1 August Steinmeyer GmbH & Co. KG Company Information
7.12.2 August Steinmeyer GmbH & Co. KG Introduction and Business Overview
7.12.3 August Steinmeyer GmbH & Co. KG Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 August Steinmeyer GmbH & Co. KG Precision Miniature Ball Screws Product Offerings
7.12.5 August Steinmeyer GmbH & Co. KG Recent Development
7.13 Tsubaki Nakashima
7.13.1 Tsubaki Nakashima Company Information
7.13.2 Tsubaki Nakashima Introduction and Business Overview
7.13.3 Tsubaki Nakashima Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Tsubaki Nakashima Precision Miniature Ball Screws Product Offerings
7.13.5 Tsubaki Nakashima Recent Development
7.14 Nidec Sankyo
7.14.1 Nidec Sankyo Company Information
7.14.2 Nidec Sankyo Introduction and Business Overview
7.14.3 Nidec Sankyo Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Nidec Sankyo Precision Miniature Ball Screws Product Offerings
7.14.5 Nidec Sankyo Recent Development
7.15 KURODA Precision
7.15.1 KURODA Precision Company Information
7.15.2 KURODA Precision Introduction and Business Overview
7.15.3 KURODA Precision Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 KURODA Precision Precision Miniature Ball Screws Product Offerings
7.15.5 KURODA Precision Recent Development
7.16 TBI Motion
7.16.1 TBI Motion Company Information
7.16.2 TBI Motion Introduction and Business Overview
7.16.3 TBI Motion Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 TBI Motion Precision Miniature Ball Screws Product Offerings
7.16.5 TBI Motion Recent Development
7.17 HIPP
7.17.1 HIPP Company Information
7.17.2 HIPP Introduction and Business Overview
7.17.3 HIPP Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 HIPP Precision Miniature Ball Screws Product Offerings
7.17.5 HIPP Recent Development
7.18 OME Technology Co., Ltd. (STAF)
7.18.1 OME Technology Co., Ltd. (STAF) Company Information
7.18.2 OME Technology Co., Ltd. (STAF) Introduction and Business Overview
7.18.3 OME Technology Co., Ltd. (STAF) Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 OME Technology Co., Ltd. (STAF) Precision Miniature Ball Screws Product Offerings
7.18.5 OME Technology Co., Ltd. (STAF) Recent Development
7.19 Nanjing Technical Equipment Manufacture Co., Ltd.
7.19.1 Nanjing Technical Equipment Manufacture Co., Ltd. Company Information
7.19.2 Nanjing Technical Equipment Manufacture Co., Ltd. Introduction and Business Overview
7.19.3 Nanjing Technical Equipment Manufacture Co., Ltd. Precision Miniature Ball Screws Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Nanjing Technical Equipment Manufacture Co., Ltd. Precision Miniature Ball Screws Product Offerings
7.19.5 Nanjing Technical Equipment Manufacture Co., Ltd. Recent Development
8 Industry Chain Analysis
8.1 Precision Miniature Ball Screws Industrial Chain
8.2 Precision Miniature Ball Screws Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Precision Miniature Ball Screws Sales Model
8.5.2 Sales Channel
8.5.3 Precision Miniature Ball Screws Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
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Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…
