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Synopsis
Precision farming is defined (also known as precision agriculture or satellite farming) technologies as a farming management concept that utilizes software and hardware for observing, measuring and responding to intra-field variability in crops, resulting in better crop management and more effective output.
The global Precision Farming market size is expected to reach US$ 9284.1 million by 2029, growing at a CAGR of 10.7% from 2023 to 2029. The market is mainly driven by the significant applications of Precision Farming in various end use industries. The expanding demands from the Yield Monitoring, Crop Scouting, Field Mapping and Irrigation Management, are propelling Precision Farming market. Guidance System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Remote Sensing segment is estimated at % CAGR for the next seven-year period.
On the basis of technology, guidance technology held the largest market size owing to the early adoption of this technology by farmers. GPS-based auto-guidance technology allows growers to reduce the overlapping of equipment and tractor passes, thus saving fuel, labor, time, and soil compaction.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Precision Farming, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Precision Farming market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Precision Farming market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Precision Farming sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Precision Farming covered in this report include Deere & Company, Trimble, Agco, Agjunction, Raven Industries, AG Leader Technology, SST Development Group, Teejet Technologies and Topcon Positioning Systems, etc.
The global Precision Farming market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Global Precision Farming market, by region:
Global Precision Farming market, Segment by Type:
Global Precision Farming market, by Application:
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Precision Farming companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index
1 Market Overview of Precision Farming
1.1 Precision Farming Market Overview
1.1.1 Precision Farming Product Scope
1.1.2 Precision Farming Market Status and Outlook
1.2 Global Precision Farming Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Precision Farming Market Size by Region (2018-2029)
1.4 Global Precision Farming Historic Market Size by Region (2018-2023)
1.5 Global Precision Farming Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Precision Farming Market Size (2018-2029)
1.6.1 North America Precision Farming Market Size (2018-2029)
1.6.2 Europe Precision Farming Market Size (2018-2029)
1.6.3 Asia-Pacific Precision Farming Market Size (2018-2029)
1.6.4 Latin America Precision Farming Market Size (2018-2029)
1.6.5 Middle East & Africa Precision Farming Market Size (2018-2029)
2 Precision Farming Market by Type
2.1 Introduction
2.1.1 Guidance System
2.1.2 Remote Sensing
2.1.3 Variable-Rate Technology
2.2 Global Precision Farming Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Precision Farming Historic Market Size by Type (2018-2023)
2.2.2 Global Precision Farming Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Precision Farming Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Precision Farming Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Precision Farming Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Precision Farming Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Precision Farming Revenue Breakdown by Type (2018-2029)
3 Precision Farming Market Overview by Application
3.1 Introduction
3.1.1 Yield Monitoring
3.1.2 Crop Scouting
3.1.3 Field Mapping
3.1.4 Irrigation Management
3.1.5 Weather Tracking & Forecasting
3.1.6 Inventory Management
3.1.7 Farm Labor Management
3.1.8 Financial Management
3.1.9 Others
3.2 Global Precision Farming Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Precision Farming Historic Market Size by Application (2018-2023)
3.2.2 Global Precision Farming Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Precision Farming Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Precision Farming Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Precision Farming Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Precision Farming Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Precision Farming Revenue Breakdown by Application (2018-2029)
4 Precision Farming Competition Analysis by Players
4.1 Global Precision Farming Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Precision Farming as of 2022)
4.3 Date of Key Players Enter into Precision Farming Market
4.4 Global Top Players Precision Farming Headquarters and Area Served
4.5 Key Players Precision Farming Product Solution and Service
4.6 Competitive Status
4.6.1 Precision Farming Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Deere & Company
5.1.1 Deere & Company Profile
5.1.2 Deere & Company Main Business
5.1.3 Deere & Company Precision Farming Products, Services and Solutions
5.1.4 Deere & Company Precision Farming Revenue (US$ Million) & (2018-2023)
5.1.5 Deere & Company Recent Developments
5.2 Trimble
5.2.1 Trimble Profile
5.2.2 Trimble Main Business
5.2.3 Trimble Precision Farming Products, Services and Solutions
5.2.4 Trimble Precision Farming Revenue (US$ Million) & (2018-2023)
5.2.5 Trimble Recent Developments
5.3 Agco
5.3.1 Agco Profile
5.3.2 Agco Main Business
5.3.3 Agco Precision Farming Products, Services and Solutions
5.3.4 Agco Precision Farming Revenue (US$ Million) & (2018-2023)
5.3.5 Agjunction Recent Developments
5.4 Agjunction
5.4.1 Agjunction Profile
5.4.2 Agjunction Main Business
5.4.3 Agjunction Precision Farming Products, Services and Solutions
5.4.4 Agjunction Precision Farming Revenue (US$ Million) & (2018-2023)
5.4.5 Agjunction Recent Developments
5.5 Raven Industries
5.5.1 Raven Industries Profile
5.5.2 Raven Industries Main Business
5.5.3 Raven Industries Precision Farming Products, Services and Solutions
5.5.4 Raven Industries Precision Farming Revenue (US$ Million) & (2018-2023)
5.5.5 Raven Industries Recent Developments
5.6 AG Leader Technology
5.6.1 AG Leader Technology Profile
5.6.2 AG Leader Technology Main Business
5.6.3 AG Leader Technology Precision Farming Products, Services and Solutions
5.6.4 AG Leader Technology Precision Farming Revenue (US$ Million) & (2018-2023)
5.6.5 AG Leader Technology Recent Developments
5.7 SST Development Group
5.7.1 SST Development Group Profile
5.7.2 SST Development Group Main Business
5.7.3 SST Development Group Precision Farming Products, Services and Solutions
5.7.4 SST Development Group Precision Farming Revenue (US$ Million) & (2018-2023)
5.7.5 SST Development Group Recent Developments
5.8 Teejet Technologies
5.8.1 Teejet Technologies Profile
5.8.2 Teejet Technologies Main Business
5.8.3 Teejet Technologies Precision Farming Products, Services and Solutions
5.8.4 Teejet Technologies Precision Farming Revenue (US$ Million) & (2018-2023)
5.8.5 Teejet Technologies Recent Developments
5.9 Topcon Positioning Systems
5.9.1 Topcon Positioning Systems Profile
5.9.2 Topcon Positioning Systems Main Business
5.9.3 Topcon Positioning Systems Precision Farming Products, Services and Solutions
5.9.4 Topcon Positioning Systems Precision Farming Revenue (US$ Million) & (2018-2023)
5.9.5 Topcon Positioning Systems Recent Developments
5.10 Dickey-John Corporation
5.10.1 Dickey-John Corporation Profile
5.10.2 Dickey-John Corporation Main Business
5.10.3 Dickey-John Corporation Precision Farming Products, Services and Solutions
5.10.4 Dickey-John Corporation Precision Farming Revenue (US$ Million) & (2018-2023)
5.10.5 Dickey-John Corporation Recent Developments
5.11 Cropmetrics
5.11.1 Cropmetrics Profile
5.11.2 Cropmetrics Main Business
5.11.3 Cropmetrics Precision Farming Products, Services and Solutions
5.11.4 Cropmetrics Precision Farming Revenue (US$ Million) & (2018-2023)
5.11.5 Cropmetrics Recent Developments
5.12 Hexagon Agriculture
5.12.1 Hexagon Agriculture Profile
5.12.2 Hexagon Agriculture Main Business
5.12.3 Hexagon Agriculture Precision Farming Products, Services and Solutions
5.12.4 Hexagon Agriculture Precision Farming Revenue (US$ Million) & (2018-2023)
5.12.5 Hexagon Agriculture Recent Developments
5.13 Granular
5.13.1 Granular Profile
5.13.2 Granular Main Business
5.13.3 Granular Precision Farming Products, Services and Solutions
5.13.4 Granular Precision Farming Revenue (US$ Million) & (2018-2023)
5.13.5 Granular Recent Developments
5.14 Prospera Technologies
5.14.1 Prospera Technologies Profile
5.14.2 Prospera Technologies Main Business
5.14.3 Prospera Technologies Precision Farming Products, Services and Solutions
5.14.4 Prospera Technologies Precision Farming Revenue (US$ Million) & (2018-2023)
5.14.5 Prospera Technologies Recent Developments
5.15 Agribotix
5.15.1 Agribotix Profile
5.15.2 Agribotix Main Business
5.15.3 Agribotix Precision Farming Products, Services and Solutions
5.15.4 Agribotix Precision Farming Revenue (US$ Million) & (2018-2023)
5.15.5 Agribotix Recent Developments
5.16 Autocopter Corp
5.16.1 Autocopter Corp Profile
5.16.2 Autocopter Corp Main Business
5.16.3 Autocopter Corp Precision Farming Products, Services and Solutions
5.16.4 Autocopter Corp Precision Farming Revenue (US$ Million) & (2018-2023)
5.16.5 Autocopter Corp Recent Developments
6 North America
6.1 North America Precision Farming Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Precision Farming Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Precision Farming Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Precision Farming Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Precision Farming Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Precision Farming Market Dynamics
11.1 Precision Farming Industry Trends
11.2 Precision Farming Market Drivers
11.3 Precision Farming Market Challenges
11.4 Precision Farming Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research