Global Quick Overview of the Precision Agriculture Market Analysis

The objective of the Global Precision Agriculture Market Research Report is to provide detailed and useful data and a geographical perspective for predictions of the future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Global Precision Agriculture Market size was valued at around USD 10.43 billion in 2023 and is projected to grow at a CAGR of around 13% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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A Detailed Outlook of Precision Agriculture Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-By Offering

• Hardware
• Software
• Services

-By Application

• Precision Irrigation
• Field Monitoring
• Precision Spraying
• Precision Fertilization
• Precision Planting
• Data Management
• Other Applications

-By Agricultural Produce

• Cereals
• Oil Crops
• Roots, Tuber, and Plantains
• Industrial Crops
• Fruits
• Vegetables
• Nuts
• Others

-By Technology

• Guidance System
• Variable Rate Technology (VRT)
• Remote Sensing
• Data Analytics

Geographical Analysis:

-By Region

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia-Pacific

North America is leading the precision agriculture industry with a majority of the market share. North America Precision Agriculture Market registered solid revenue growth in the past few years. This region is known for its brand-new farming strategies, large use of agricultural technology, and excessive investments in agricultural R&D. Large-scale agricultural groups in North America have embraced precision agriculture technologies inclusive of sensors, drones, GPS-guided systems, and data analytics. By using these technologies, farmers may additionally maximize the usage of key inputs like herbicides, fertilizers, and seeds, which will increase agricultural yields at the same time as lowering costs and propelling sustainability. Thus, these factors are augmenting the size & volume of the precision agriculture industry in North America.

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Global Precision Agriculture Industry Recent Development:

• In May 2024: The National Sorghum Producers (NSP) and Farmers Edge, a pure-play digital ag firm, are thrilled to announce a new strategic relationship intended to improve sustainable farming practices for sorghum producers.
• In July 2023: Smart Apply, Inc. (US), a manufacturer of precision spraying equipment, has been acquired by Deere & Company. By acquiring this business, the company hopes to increase its focus on high-value crop dealers and clients and expand the array of services it offers to help producers address their main issues with labor, input prices, and regulatory compliance.
• In May 2023: AgEagle Aerial Systems Inc., a global provider of agricultural technology solutions, announced that it has partnered with Wingtra AG on a new supply arrangement. It is anticipated that the two-year supply deal would safely deliver RedEdge-P sensor modules for WingtraOne VTOL drone integration.

Lead the Precision Agriculture Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

• Deere & Company
• CropMetrics LLC
• Trimble Navigation Limited
• Ag Leader Technology
• AgJunction, Inc.
• AgEagle Aerial Systems Inc. (Agribotix LLC)
• DICKEY-john Corporation
• Farmers Edge Inc.
• Grownetics, Inc.
• Granular, Inc.

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Key Report Highlights      

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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