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Global Markets for Precision Farming

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    Report

  • 186 Pages
  • November 2023
  • Region: Global
  • BCC Research
  • ID: 4861815

The global market for precision farming is expected to increase from $8.5 billion in 2023 to $14.9 billion by the end of 2028, with a compound annual growth rate (CAGR) of 11.9% during the forecast period of 2023-2028

This report incorporates an in-depth analysis of the precision farming market, including market estimations and trends through 2028. The report is focused on estimating the market for precision farming, which covers components, hardware, software, and applications. Major players, competitive intelligence, systems and technologies, market dynamics, and regional opportunities are discussed in detail. The report examines recent developments and product portfolios of major players. The report presents a market analysis and estimates the precision farming market’s compound annual growth rate (CAGR).

This report segments the global market by these geographic regions: North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. For market value, data is provided for 2022 as the base year, estimates for 2023, and a forecast through year-end 2028.

The report also discusses the major players across each regional precision farming market. Further, it explains the major drivers and regional dynamics of the global precision farming market and current trends within the industry. The report concludes with a particular focus on the vendor landscape and includes detailed profiles of the major vendors in the market.

Report Includes

  • 64 data tables and 44 additional tables
  • An overview of the global market for precision farming technology
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimates of the market size, a revenue growth forecast for the precision farming market, and a corresponding analysis of market share by component (hardware/software), application and region
  • In-depth information (facts and figures) pertaining to the major factors influencing the market, including drivers, restraints, opportunities and challenges
  • Analysis of the market growth opportunities through a holistic review of both Porter’s Five Forces and PESTLE models, taking into consideration the prevailing micro-and macroenvironmental factors
  • Coverage of the technological, economic and business considerations within the global market, with market growth forecasts to 2028
  • A discussion of the impact of ESG factors on company performance, ratings and matrices; consumer attitudes; and ESG practices followed
  • A look at the major vendors and an analysis of the industry structure with respect to company shares, M&A activity and venture funding
  • Company profiles of major players within the industry, including Deere & Co., Trimble Inc., AGCO Corp., CNH Industrial N.V., and Raven Industries Inc.
Frequently Asked Questions about the Global Precision Farming Market

What is the estimated value of the Global Precision Farming Market?

The Global Precision Farming Market was estimated to be valued at $8.5 Billion in 2023.

What is the growth rate of the Global Precision Farming Market?

The growth rate of the Global Precision Farming Market is 11.9%, with an estimated value of $14.9 Billion by 2028.

What is the forecasted size of the Global Precision Farming Market?

The Global Precision Farming Market is estimated to be worth $14.9 Billion by 2028.

Who are the key companies in the Global Precision Farming Market?

Key companies in the Global Precision Farming Market include Agco Corp., Agjunction Inc., Ag Leader Technology Inc., The Climate Corp., Cnh Industrial N.V., Corteva Inc., Cropx Technologies Ltd., Deere & Co., Dickey and John Corp..

Table of Contents

Chapter 1 Introduction
  • Introduction
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • What’s New in this Update?
  • Methodology
  • Information Sources
  • Geographic Breakdown
  • Market Segmentation Overview
Chapter 2 Summary and Highlights
  • Market Outlook
  • Market Summary
Chapter 3 Industry Overview
  • Industry Overview
  • Supply Chain Analysis
  • Value Chain Analysis
  • Regulatory Framework
  • Current Trends in the Market
Chapter 4 Market Overview and Trends
  • Market Dynamics
  • Market Growth Drivers
  • Market Challenges
  • Market Opportunities
  • Porter’s Five Forces Analysis
Chapter 5 Global Market Analysis by Solution
  • Segment Overview
  • Hardware Segment
  • Software Segment
  • Market Size Estimation and Forecast Analysis
Chapter 6 Global Market Analysis by Hardware
  • Segment Overview
  • GPS/GNSS Systems (Global Navigation Satellite Systems)
  • Sensors (soil, weather, crop)
  • Drones and UAVs (Unmanned Aerial Vehicles)
  • Variable Rate Technology (VRT)
  • Guidance and Steering Systems
  • Other Hardware
  • Market Size Estimation and Forecast Analysis
Chapter 7 Global Market Analysis by Software
  • Segment Overview
  • Farm Management Software
  • Geographic Information Systems (GIS)
  • Remote Sensing and Imaging Software
  • Data Analytics and Visualization Tools
  • Weather Forecasting Software
  • Other Software
  • Market Size Estimation and Forecast Analysis
Chapter 8 Global Market Analysis by Application
  • Segment Overview
  • Crop Management
  • Livestock Monitoring
  • Precision Irrigation
  • Soil Health Management
  • Fertilizer and Pesticide Management
  • Other Applications
  • Market Size Estimation and Forecast Analysis
Chapter 9 North American Market for Precision Farming
  • Regional Market Overview
  • U.S. Market Analysis
  • Canada Market Analysis
Chapter 10 European Market for Precision Farming
  • Regional Market Overview
  • Russian Market Analysis
  • France Market Analysis
  • Ukrainian Market Analysis
  • Spain Market Analysis
  • German Market Analysis
  • Rest of Europe Market Analysis
Chapter 11 Asia-Pacific Market for Precision Farming
  • Regional Market Overview
  • Chinese Market Analysis
  • Indian Market Analysis
  • Japanese Market Analysis
  • Indonesian Market Analysis
  • Australian Market Analysis
  • Rest of APAC Market Analysis
Chapter 12 Latin American Market for Precision Farming
  • Regional Market Overview
  • Brazilian Market Analysis
  • Mexican Market Analysis
  • Argentinian Market Analysis
  • Rest of Latin America Market Analysis
Chapter 13 Middle East & African Market for Precision Farming
  • Regional Market Overview
  • Saudi Arabian Market Analysis
  • Moroccan Market Analysis
  • Israel Market Analysis
  • Rest of the MEA Market Analysis
Chapter 14 ESG Development
  • ESG Practices in the Precision Farming Industry
  • ESG Risk Analysis in the Global Precision Farming Market
  • Environmental Factors
  • Social Factors
  • Governance Factors
  • ESG Integration and Reporting
  • Case Study: Farmers Business Network (FBN)
  • ESG Initiatives by the Company
  • Impact of ESG initiatives
  • ESG Future Outlook
  • Concluding Remarks
Chapter 15 Company Profiles
  • Agco Corp.
  • Agjunction Inc.
  • Ag Leader Technology Inc.
  • The Climate Corp.
  • Cnh Industrial N.V.
  • Corteva Inc.
  • Cropx Technologies Ltd.
  • Deere & Co.
  • Dickey-John Corp.
  • Farmers Edge Inc.
  • Hexagon Ab
  • Kubota Corp.
  • Precisionhawk Inc.
  • Raven Industries Inc.
  • Sentera LLC
  • Site-Specific Technologies Software
  • Sst Development Group Inc.
  • Taranis
  • Teejet Technologies
  • Topcon Corp.
  • The Toro Co.
  • Trimble Inc.
List of Tables
Table A: Global Market Forecast for Precision Farming, Through 2028
Summary Table: Global Market for Precision Farming, by Region, Through 2028
Table 1: Global Market for Precision Farming, by Solution, Through 2028
Table 2: Global Market for Hardware in Precision Farming, Through 2028
Table 3: Global Market for Software in Precision Farming, Through 2028
Table 4: Global Market for Precision Farming, by Application, Through 2028
Table 5: North American Market for Precision Farming, Through 2028
Table 6: North American Market for Precision Farming, by Solution, Through 2028
Table 7: North American Market for Precision Farming, by Type of Hardware, Through 2028
Table 8: North American Market for Precision Farming, by Type of Software, Through 2028
Table 9: North American Market for Precision Farming, by Application, Through 2028
Table 10: U.S. Market for Precision Farming, Through 2028
Table 11: Canadian Market for Precision Farming, Through 2028
Table 12: European Market for Precision Farming, Through 2028
Table 13: European Market for Precision Farming, by Solution, Through 2028
Table 14: European Market for Precision Farming, by Type of Hardware, Through 2028
Table 15: European Market for Precision Farming, by Type of Software, Through 2028
Table 16: European Market for Precision Farming, by Application, Through 2028
Table 17: Russian Market for Precision Farming, Through 2028
Table 18: French Market for Precision Farming, Through 2028
Table 19: Ukrainian Market for Precision Farming, Through 2028
Table 20: Spanish Market for Precision Farming, Through 2028
Table 21: German Market for Precision Farming, Through 2028
Table 22: Rest of European Market for Precision Farming, Through 2028
Table 23: Asia-Pacific Market for Precision Farming, Through 2028
Table 24: Asia-Pacific Market for Precision Farming, by Solution, Through 2028
Table 25: Asia-Pacific Market for Precision Farming, by Type of Hardware, Through 2028
Table 26: Asia-Pacific Market for Precision Farming, by Type of Software, Through 2028
Table 27: Asia-Pacific Market for Precision Farming, by Application, Through 2028
Table 28: Chinese Market for Precision Farming, Through 2028
Table 29: Indian Market for Precision Farming, Through 2028
Table 30: Japanese Market for Precision Farming, Through 2028
Table 31: Indonesian Market for Precision Farming, Through 2028
Table 32: Australian Market for Precision Farming, Through 2028
Table 33: Rest of Asia-Pacific Market for Precision Farming, Through 2028
Table 34: Latin American Market for Precision Farming, Through 2028
Table 35: Latin American Market for Precision Farming, by Solution, Through 2028
Table 36: Latin American Market for Precision Farming, by Type of Hardware, Through 2028
Table 37: Latin American Market for Precision Farming, by Type of Software, Through 2028
Table 38: Latin American Market for Precision Farming, by Application, Through 2028
Table 39: Brazilian Market for Precision Farming, Through 2028
Table 40: Mexican Market for Precision Farming, Through 2028
Table 41: Argentinian Market for Precision Farming, Through 2028
Table 42: Rest of Latin American Market for Precision Farming, Through 2028
Table 43: Middle East and African Market for Precision Farming, Through 2028
Table 44: Middle East and African Market for Precision Farming, by Solution, Through 2028
Table 45: Middle East and African Market for Precision Farming, by Type of Hardware, Through 2028
Table 46: Middle East and African Market for Precision Farming, by Type of Software, Through 2028
Table 47: Middle East and African Market for Precision Farming, by Application, Through 2028
Table 48: Saudi Arabian Market for Precision Farming, Through 2028
Table 49: Moroccan Market for Precision Farming, Through 2028
Table 50: Israel Market for Precision Farming, Through 2028
Table 51: Rest of the MEA Market for Precision Farming, Through 2028
Table 52: ESG Initiatives in the Global Precision Farming Market
Table 53: AGCO Corp.: Annual Financials, 2022
Table 54: AGCO Corp.: News/Developments, 2021-2023
Table 55: AGCO Corp.: Product Portfolio
Table 56: AgJunction Inc.: Annual Financials, 2022
Table 57: AgJunction Inc.: News/Developments, 2019-2021
Table 58: AgJunction Inc.: Product Portfolio
Table 59: Ag Leader Technology Inc.: News/Developments, 2019-2022
Table 60: Ag Leader Technology Inc.: Product Portfolio
Table 61: The Climate Corp.: News/Developments, 2019-2023
Table 62: The Climate Corp.: Product Portfolio
Table 63: CNH Industrial N.V.: Annual Financials, 2022
Table 64: CNH Industrial N.V.: News/Developments, 2018-2023
Table 65: CNH Industrial N.V.: Product Portfolio
Table 66: Corteva Inc.: Annual Financials, 2022
Table 67: Corteva Inc.: News/Developments, 2022 and 2023
Table 68: Corteva Inc.: Product Portfolio
Table 69: CropX Technologies Ltd.: News/Developments, 2020-2023
Table 70: CropX Technologies Ltd.: Product Portfolio
Table 71: Deere & Co.: Annual Financials, 2022
Table 72: Deere & Co.: News/Developments, 2022 and 2023
Table 73: Deere & Co.: Product Portfolio
Table 74: DICKEY-john Corp.: News/Developments, 2022 and 2023
Table 75: DICKEY-john Corp.: Product Portfolio
Table 76: Farmers Edge Inc.: Annual Financials, 2022
Table 77: Farmers Edge Inc.: News/Developments, 2018-2021
Table 78: Farmers Edge Inc.: Product Portfolio
Table 79: Hexagon AB: Annual Financials, 2022
Table 80: Hexagon AB: News/Developments, 2023
Table 81: Hexagon AB: Product Portfolio
Table 82: Kubota Corp.: Annual Financials, 2022
Table 83: Kubota Corp.: News/Developments, 2020-2023
Table 84: Kubota Corp.: Product Portfolio
Table 85: PrecisionHawk Inc.: News/Developments, 2019-2023
Table 86: PrecisionHawk Inc.: Product Portfolio
Table 87: Raven Industries Inc.: Annual Financials, 2022
Table 88: Raven Industries Inc.: News/Developments, 2018-2023
Table 89: Raven Industries Inc.: Product Portfolio
Table 90: Sentera LLC: News/Developments, 2022 and 2023
Table 91: Sentera LLC: Product Portfolio
Table 92: Site-Specific Technologies Software: News/Developments, 2018
Table 93: Site-Specific Technologies Software: Product Portfolio
Table 94: SST Development Group, Inc.: Product Portfolio
Table 95: Taranis: News/Developments, 2019
Table 96: Taranis: Product Portfolio
Table 97: TeeJet Technologies: Product Portfolio
Table 98: Topcon Corp.: Annual Financials, 2023
Table 99: Topcon Corp.: News/Developments, 2022 and 2023
Table 100: Topcon Corp.: Product Portfolio
Table 101: The Toro Co.: Annual Financials, 2022
Table 102: The Toro Co.: News/Developments, 2018-2022
Table 103: The Toro Co.: Product Portfolio
Table 104: Trimble Inc.: Annual Financials, 2022
Table 105: Trimble Inc.: News/Developments, 2022 and 2023
Table 106: Trimble Inc.: Product Portfolio
List of Figures
Figure A: Global Market Forecast for Precision Farming, 2022-2028
Figure B: Snapshot of Global Precision Farming Markets and Their Growth Analysis, 2023-2028
Summary Figure: Global Market for Precision Farming, by Region, 2022-2028
Figure 1: Porter’s Five Forces Analysis of the Market for Precision Farming
Figure 2: Global Market for Precision Farming, by Solution, 2022-2028
Figure 3: Global Market for Hardware in Precision Farming, 2022-2028
Figure 4: Global Market for Software in Precision Farming, 2022-2028
Figure 5: Global Market for Precision Farming, by Application, 2022-2028
Figure 6: Snapshot of North America Regional Market for Precision Farming, 2022-2028
Figure 7: North American Market for Precision Farming, Trends and Forecast, 2022-2028
Figure 8: North American Market for Precision Farming, by Solution, 2022-2028
Figure 9: North American Market for Precision Farming, by Type of Hardware, 2022-2028
Figure 10: North American Market for Precision Farming, by Type of Software, 2022-2028
Figure 11: North American Market for Precision Farming, by Application, 2022-2028
Figure 12: Snapshot of the European Regional Markets for Precision Farming, 2022-2028
Figure 13: European Market for Precision Farming, Trends and Forecast, 2022-2028
Figure 14: European Market for Precision Farming, by Solution, 2022-2028
Figure 15: European Market for Precision Farming, by Type of Hardware, 2022-2028
Figure 16: European Market for Precision Farming, by Type of Software, 2022-2028
Figure 17: European Market for Precision Farming, by Application, 2022-2028
Figure 18: Snapshot of Asia-Pacific Regional Market for Precision Farming, 2022-2028
Figure 19: Asia-Pacific Market for Precision Farming, Trends and Forecast, 2022-2028
Figure 20: Asia-Pacific Market for Precision Farming, by Solution, 2022-2028
Figure 21: Asia-Pacific Market for Precision Farming, by Type of Hardware, 2022-2028
Figure 22: Asia-Pacific Market for Precision Farming, by Type of Software, 2022-2028
Figure 23: Asia-Pacific Market for Precision Farming, by Application, 2022-2028
Figure 24: Snapshot of the Latin American Regional Market for Precision Farming, 2022-2028
Figure 25: Latin American Market for Precision Farming, Trends and Forecast, 2022-2028
Figure 26: Latin American Market for Precision Farming, by Solution, 2022-2028
Figure 27: Latin American Market for Precision Farming, by Type of Hardware, 2022-2028
Figure 28: Latin American Market for Precision Farming, by Type of Software, 2022-2028
Figure 29: Latin American Market for Precision Farming, by Application, 2022-2028
Figure 30: Snapshot of the Middle East and Africa Market for Precision Farming, 2022-2028
Figure 31: Middle East and African Market for Precision Farming, Trends and Forecast, 2022-2028
Figure 32: Middle East and African Market for Precision Farming, by Solution, 2022-2028
Figure 33: Middle East and African Market for Precision Farming, by Type of Hardware, 2022-2028
Figure 34: Middle East and African Market for Precision Farming, by Type of Software, 2022-2028
Figure 35: Middle East and African Market for Precision Farming, by Application, 2022-2028
Figure 36: AGCO Corp.: Annual Financials, 2021 and 2022
Figure 37: AGCO Corp.: Revenue Share, by Region, 2022
Figure 38: AgJunction Inc.: Annual Financials, 2021 and 2022
Figure 39: AgJunction Inc: Revenue Share, by Business Unit, 2022
Figure 40: AgJunction Inc: Revenue Share, by Region, 2022
Figure 41: CNH Industrial N.V.: Annual Financials, 2021 and 2022
Figure 42: CNH Industrial N.V.: Revenue Share, by Business Unit, 2022
Figure 43: CNH Industrial N.V.: Revenue Share, by Region, 2022
Figure 44: Corteva Inc.: Annual Financials, 2021 and 2022
Figure 45: Deere & Co.: Annual Financials, 2021 and 2022
Figure 46: Deere & Co.: Revenue Share, by Business Unit, 2022
Figure 47: Deere & Co.: Revenue Share, by Country/Region, 2022
Figure 48: Farmers Edge Inc.: Annual Financials, 2021 and 2022
Figure 49: Farmers Edge Inc.: Revenue Share, by Business Unit, 2022
Figure 50: Farmers Edge Inc.: Revenue Share, by Country/Region, 2022
Figure 51: Hexagon AB: Annual Financials, 2021 and 2022
Figure 52: Hexagon AB: Revenue Share, by Business Unit, 2022
Figure 53: Hexagon AB: Revenue Share, by Region, 2022
Figure 54: Kubota Corp.: Annual Financials, 2021 and 2022
Figure 55: Kubota Corp.: Revenue Share, by Business Unit, 2022
Figure 56: Kubota Corp.: Revenue Share, by Country/Region, 2022
Figure 57: Raven Industries Inc.: Annual Financials, 2021 and 2022
Figure 58: Raven Industries, Inc.: Revenue Share, by Business Unit, 2022
Figure 59: Topcon Corp.: Annual Financials, 2022 & 2023
Figure 60: Topcon Corp.: Revenue Share, by Business Unit, 2023
Figure 61: Topcon Corp.: Revenue Share, by Country/Region, 2023
Figure 62: The Toro Co.: Annual Financials, 2021 and 2022
Figure 63: Trimble Inc.: Annual Financials, 2021 and 2022
Figure 64: Trimble Inc.: Revenue Share, by Business Unit, 2022
Figure 65: Trimble Inc.: Revenue Share, by Country/Region, 2022

Companies Mentioned

  • Agco Corp.
  • Agjunction Inc.
  • Ag Leader Technology Inc.
  • The Climate Corp.
  • Cnh Industrial N.V.
  • Corteva Inc.
  • Cropx Technologies Ltd.
  • Deere & Co.
  • Dickey-John Corp.
  • Farmers Edge Inc.
  • Hexagon Ab
  • Kubota Corp.
  • Precisionhawk Inc.
  • Raven Industries Inc.
  • Sentera LLC
  • Site-Specific Technologies Software
  • Sst Development Group Inc.
  • Taranis
  • Teejet Technologies
  • Topcon Corp.
  • The Toro Co.
  • Trimble Inc.