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Global Markets for Precision Farming

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    Report

  • 174 Pages
  • October 2025
  • Region: Global
  • BCC Research
  • ID: 4861815

The global market for precision farming is projected to grow from an estimated $12.8 billion in 2025 to $21.2 billion by 2030, at a compound annual growth rate (CAGR) of 10.6% from 2025 through 2030.

Precision farming is a management strategy that uses advanced technologies to observe, measure, and respond to variability within fields, thereby optimizing agricultural inputs and improving crop yields. Key technological advances driving this market include the integration of global positioning systems (GPS) and geographic information systems (GIS) for accurate field mapping and navigation, the use of remote sensing via drones and satellites for real-time crop monitoring, and the deployment of the internet of things (IoT) with in-ground sensors to collect data on soil conditions and weather. These technologies, combined with big data analytics and artificial intelligence (AI), empower farmers to make data-driven decisions.

The applications of these technologies are vast, leading to significant gains in efficiency, sustainability and profitability. Farmers can utilize variable rate technology (VRT) to precisely apply seeds, fertilizers, and pesticides only where needed, thus reducing waste and environmental runoff. Automated and autonomous machinery, guided by GPS, can perform tasks such as planting and harvesting with exceptional accuracy. This not only increases productivity but also reduces labor costs and human error. Overall, technological advances are transforming traditional farming practices, allowing for more targeted and sustainable resource management to meet the demands of a growing global population.

Report Scope

This report provides an overview of the global market for precision farming and analyzes market trends. Using 2024 as the base year, estimated market data is provided for the forecast period 2025 through 2030. The market has been segmented based on solutions (hardware, software, and service), and applications (crop management, livestock monitoring, precision irrigation, soil health management, fertilizer and pesticide management, and other applications).

The report covers the market for precision farming, including the user base across different regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA). It also highlights major trends and challenges that affect the market and vendor landscape. It analyzes environmental, social, and corporate governance (ESG) developments, patents, and emerging technologies. It also surveys the competition among major companies and gives profiles of market leaders.

Report Includes

  • 46 data tables and 54 additional tables
  • Overview and an analysis of the current and future global markets for precision farming technology
  • Analyses of the global market trends, with revenue data from 2024, estimates for 2025, forecast for 2026 and 2029, and projections of CAGRs through 2030
  • Estimates of the market’s size and revenue prospects for the precision farming market, accompanied by a market share analysis by solution, application and region
  • Insights derived from Porter’s Five Forces model, as well as global supply chain analyses
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
  • Analysis of latest patent grants and publications
  • Analysis of the industry structure, including companies’ market shares, strategic alliances, M&A activity, venture fundings and investment outlook
  • Profiles of the leading companies, including AGCO Corp., Deere & Co., CNH Industrial N.V., Hexagon AB and Kubota Corp.

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Technological Advances and Applications
  • Market Dynamics and Growth Factors
  • Future Trends and Developments
  • Segmental Analysis
  • Regional Insights and Emerging Markets
  • Conclusion
Chapter 2 Market Overview
  • Current Market Overview
  • Future of Precision Farming Technologies
  • Macroeconomic Factors
  • The Influence of Government Policies on Precision Farming
  • Impact of Interest Rates on Precision Farming
  • Integrating Precision Farming Tools
  • Soil Preparation
  • Planting and Crop Management
  • Harvesting and Post-Harvest Management
  • Supply Chain Integration
  • Supply Chain Analysis
  • Component Sourcing and Raw Material Providers
  • Manufacturers
  • Distribution Networks
  • Maintenance and After-Sales Support
  • Porter's Five Forces Analysis
  • Threat of New Entrants
  • Bargaining Power of Suppliers (Vendors)
  • Bargaining Power of Buyers (Consumers)
  • Threat of Substitutes
  • Competition in the Industry
  • Government Policies and Support
  • U.S.
  • European Union
  • China
  • Brazil
  • Australia
  • Canada
  • India
  • Impact of U.S. Tariffs
Chapter 3 Market Dynamics
  • Overview
  • Market Drivers
  • Global Demand for Food and Food Security
  • Integration of Advanced Technologies in Precision Farming
  • Rising Labor Costs and Labor Shortages
  • Technological Advances and Digitalization
  • Market Challenges
  • High Initial Investment Costs
  • Lack of Technical Expertise and Awareness
  • Climate Change and Environmental Concerns
  • Market Opportunities
  • Expansion of Variable Rate Technology (VRT)
  • Increasing Adoption of Agriculture-as-a-Service (AaaS) Models
Chapter 4 Emerging Technologies and Patent Analysis
  • Emerging Technologies
  • Technology Adoption
  • AI and ML for Predictive Analytics and Decision Making
  • Autonomous Farming Equipment and Robotics
  • Advanced IoT-Enabled Sensors and 5G Connectivity
  • Satellite-Based Remote Sensing with Hyperspectral Imaging
  • Blockchain for Supply Chain Transparency and Traceability
  • Patent Analysis
  • Company Share Patterns
  • Regional Patterns
  • Key Findings
Chapter 5 Market Segmentation Analysis
  • Segmentation Breakdown
  • Precision Farming Market, by Solution
  • Overview
  • Key Takeaways
  • Hardware
  • Software
  • Services
  • Precision Farming Market, by Application
  • Overview
  • Key Takeaways
  • Crop Management
  • Livestock Monitoring
  • Precision Irrigation
  • Soil Health Management
  • Fertilizer and Pesticide Management
  • Other Applications
  • Geographic Breakdown
  • Precision Farming Market, by Region
  • Overview
  • Key Takeaways
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa (MEA)
Chapter 6 Competitive Intelligence
  • Market Share Analysis
  • John Deere
  • AGCO Corp.
  • CNH Industrial N.V.
  • Hexagon AB
  • Kubota Corp.
  • Market Ecosystem
  • Research institutes, Universities, and Labs
  • Hardware Providers
  • Software Providers
  • Service Providers
  • Strategic Analysis
  • Agreements, Collaborations, and Partnerships
  • Mergers and Acquisitions
  • Investments and Expansions
Chapter 7 Sustainability in the Precision Farming Industry: An ESG Perspective
  • Introduction to ESG
  • ESG Risk Analysis in the Global Precision Farming Market
  • Environmental Factors
  • Social Factors
  • Governance Factors
  • ESG Integration and Reporting
  • ESG Integration
  • ESG Reporting
  • Current Status of ESG in the Global Market
  • Concluding Remarks
Chapter 8 Appendix
  • Methodology
  • References
  • Abbreviations
  • Company Profiles
  • Agco Corp.
  • AG Leader Technology
  • Climate Llc.
  • CNH Industrial N.V.
  • Corteva
  • Cropx Inc.
  • Deere & Co.
  • Dickey-John
  • Farmers Edge Inc.
  • Hexagon Ab
  • Kubota Corp.
  • Taranis
  • Teejet Technologies
  • Topcon Corp.
  • Trimble Inc.
  • Other Companies in the Precision Farming Market
List of Tables
Summary Table: Global Market for Precision Farming, by Region, Through 2030
Table 1: Comparative Trends of Changes in Tariffs on Agricultural Products, 2024 and 2025
Table 2: Global Precision Farming Technology: Adoption and Impact, 2024
Table 3: Share of Patents on Precision Farming, by Key Applicants, January 2021-May 2025
Table 4: Published Precision Farming Patents, 2025
Table 5: Global Market for Precision Farming, by Solution, Through 2030
Table 6: Global Market for Precision Farming, by Hardware, Through 2030
Table 7: Global Market for Precision Farming, by Software, Through 2030
Table 8: Global Market for Precision Farming, by Service, Through 2030
Table 9: Global Market for Precision Farming, by Application, Through 2030
Table 10: Global Market for Precision Farming, by Region, Through 2030
Table 11: North American Market for Precision Farming, by Solution, Through 2030
Table 12: North American Market for Precision Farming, by Hardware, Through 2030
Table 13: North American Market for Precision Farming, by Software, Through 2030
Table 14: North American Market for Precision Farming, by Service, Through 2030
Table 15: North American Market for Precision Farming, by Application, Through 2030
Table 16: North American Market for Precision Farming, by Country, Through 2030
Table 17: European Market for Precision Farming, by Solution, Through 2030
Table 18: European Market for Precision Farming, by Hardware, Through 2030
Table 19: European Market for Precision Farming, by Software, Through 2030
Table 20: European Market for Precision Farming, by Service, Through 2030
Table 21: European Market for Precision Farming, by Application, Through 2030
Table 22: European Market for Precision Farming, by Country, Through 2030
Table 23: Asia-Pacific Market for Precision Farming, by Solution, Through 2030
Table 24: Asia-Pacific Market for Precision Farming, by Hardware, Through 2030
Table 25: Asia-Pacific Market for Precision Farming, by Software, Through 2030
Table 26: Asia-Pacific Market for Precision Farming, by Service, Through 2030
Table 27: Asia-Pacific Market for Precision Farming, by Application, Through 2030
Table 28: Asia-Pacific Market for Precision Farming, by Country, Through 2030
Table 29: South American Market for Precision Farming, by Solution, Through 2030
Table 30: South American Market for Precision Farming, by Hardware, Through 2030
Table 31: South American Market for Precision Farming, by Software, Through 2030
Table 32: South American Market for Precision Farming, by Service, Through 2030
Table 33: South American Market for Precision Farming, by Application, Through 2030
Table 34: South American Market for Precision Farming, by Country, Through 2030
Table 35: MEA Market for Precision Farming, by Solution, Through 2030
Table 36: MEA Market for Precision Farming, by Hardware, Through 2030
Table 37: MEA Market for Precision Farming, by Software, Through 2030
Table 38: MEA Market for Precision Farming, by Service, Through 2030
Table 39: MEA Market for Precision Farming, by Application, Through 2030
Table 40: MEA Market for Precision Farming, by Sub-Region, Through 2030
Table 41: Global Precision Farming Market: Agreements, Collaborations, and Partnerships, 2023-2025
Table 42: Global Precision Farming Market, Mergers and Acquisitions, 2023-2025
Table 43: Global Precision Farming Market, Investments and Expansions, 2023
Table 44: ESG Initiatives in the Global Precision Farming Market
Table 45: ESG Risk Ratings Metric, by Company, 2025
Table 46: Report Information Sources
Table 47: Abbreviations Used in the Report
Table 48: Agco Corp.: Company Snapshot
Table 49: Agco Corp.: Financial Performance, FY 2023 and 2024
Table 50: Agco Corp.: Product Portfolio
Table 51: Agco Corp.: News/Key Developments, 2023-2025
Table 52: Ag Leader Technology: Company Snapshot
Table 53: Ag Leader Technology: Product Portfolio
Table 54: Climate LLC.: Company Snapshot
Table 55: Climate LLC.: Product Portfolio
Table 56: Climate LLC.: News/Key Developments, 2023-2024
Table 57: CNH Industrial N.V.: Company Snapshot
Table 58: CNH Industrial N.V.: Financial Performance, FY 2023 and 2024
Table 59: CNH Industrial N.V.: Product Portfolio
Table 60: CNH Industrial N.V.: News/Key Developments, 2023-2025
Table 61: Corteva: Company Snapshot
Table 62: Corteva: Financial Performance, FY 2023 and 2024
Table 63: Corteva: Product Portfolio
Table 64: Corteva: News/Key Developments, 2023-2025
Table 65: CropX Inc.: Company Snapshot
Table 66: CropX Inc.: Product Portfolio
Table 67: CropX Inc.: News/Key Developments, 2023-2025
Table 68: Deere & Co.: Company Snapshot
Table 69: Deere & Co.: Financial Performance, FY 2023 and 2024
Table 70: Deere & Co.: Product Portfolio
Table 71: Deere & Co.: News/Key Developments, 2023-2025
Table 72: Dickey-john: Company Snapshot
Table 73: Dickey-john: Product Portfolio
Table 74: Dickey-john: News/Key Developments, 2023-2025
Table 75: Farmers Edge Inc.: Company Snapshot
Table 76: Farmers Edge Inc.: Product Portfolio
Table 77: Farmers Edge Inc.: News/Key Developments, 2024
Table 78: Hexagon AB: Company Snapshot
Table 79: Hexagon AB: Financial Performance, FY 2023 and 2024
Table 80: Hexagon AB: Product Portfolio
Table 81: Hexagon AB: News/Key Developments, 2023-2025
Table 82: Kubota Corp.: Company Snapshot
Table 83: Kubota Corp.: Financial Performance, FY 2023 and 2024
Table 84: Kubota Corp.: Product Portfolio
Table 85: Kubota Corp.: News/Key Developments, 2023-2025
Table 86: Taranis: Company Snapshot
Table 87: Taranis: Product Portfolio
Table 88: Taranis: News/Key Developments, 2023-2024
Table 89: TeeJet Technologies: Company Snapshot
Table 90: TeeJet Technologies: Product Portfolio
Table 91: Topcon Corp.: Company Snapshot
Table 92: Topcon Corp.: Financial Performance, FY 2023 and 2024
Table 93: Topcon Corp.: Product Portfolio
Table 94: Topcon Corp.: News/Key Developments, 2023-2024
Table 95: Trimble Inc.: Company Snapshot
Table 96: Trimble Inc.: Financial Performance, FY 2023 and 2024
Table 97: Trimble Inc.: Product Portfolio
Table 98: Trimble Inc.: News/Key Developments, 2023-2025
Table 99: Other Emerging Companies in the Precision Farming Market

List of Figures
Summary Figure: Global Market Shares of Precision Farming, by Region, 2024
Figure 1: Precision Farming Market: Integrating Precision Farming Tools
Figure 2: Supply Chain Analysis of the Precision Farming Market
Figure 3: Porter’s Five Forces Analysis: Precision Farming Market
Figure 4: Market Dynamic of Precision Farming
Figure 5: Global Number of Undernourished People, 2023
Figure 6: Patents Published on Precision Farming, January 2021-May 2025
Figure 7: Share of Published Patents on Precision Farming, by Region, January 2021-May 2025
Figure 8: Global Market Shares of Precision Farming, by Solution, 2024
Figure 9: Global Market Shares of Precision Farming, by Hardware, 2024
Figure 10: Global Market Shares of Precision Farming, by Software, 2024
Figure 11: Global Market Shares of Precision Farming, by Service, 2024
Figure 12: Global Market Shares of Precision Farming, by Application, 2024
Figure 13: Global Market Shares of Precision Farming, by Region, 2024
Figure 14: North American Market Shares of Precision Farming, by Solution, 2024
Figure 15: North American Market Shares of Precision Farming, by Hardware, 2024
Figure 16: North American Market Shares of Precision Farming, by Software, 2024
Figure 17: North American Market Shares of Precision Farming, by Service, 2024
Figure 18: North American Market Shares of Precision Farming, by Application, 2024
Figure 19: North American Market Shares of Precision Farming, by Country, 2024
Figure 20: European Market Shares of Precision Farming, by Solution, 2024
Figure 21: European Market Shares of Precision Farming, by Hardware, 2024
Figure 22: European Market Shares of Precision Farming, by Software, 2024
Figure 23: European Market Shares of Precision Farming, by Service, 2024
Figure 24: European Market Shares of Precision Farming, by Application, 2024
Figure 25: European Market Shares of Precision Farming, by Country, 2024
Figure 26: Asia-Pacific Market Shares of Precision Farming, by Solution, 2024
Figure 27: Asia-Pacific Market Shares of Precision Farming, by Hardware, 2024
Figure 28: Asia-Pacific Market Shares of Precision Farming, by Software, 2024
Figure 29: Asia-Pacific Market Shares of Precision Farming, by Service, 2024
Figure 30: Asia-Pacific Market Shares of Precision Farming, by Application, 2024
Figure 31: Asia-Pacific Market Shares of Precision Farming, by Country, 2024
Figure 32: South American Market Shares of Precision Farming, by Solution, 2024
Figure 33: South American Market Shares of Precision Farming, by Hardware, 2024
Figure 34: South American Market Shares of Precision Farming, by Software, 2024
Figure 35: South American Market Shares of Precision Farming, by Service, 2024
Figure 36: South American Market Shares of Precision Farming, by Application, 2024
Figure 37: South American Market Shares of Precision Farming, by Country, 2024
Figure 38: MEA Market Shares of Precision Farming, by Solution, 2024
Figure 39: MEA Market Shares of Precision Farming, by Hardware, 2024
Figure 40: MEA Market Shares of Precision Farming, by Software, 2024
Figure 41: MEA Market Shares of Precision Farming, by Service, 2024
Figure 42: MEA Market Shares of Precision Farming, by Application, 2024
Figure 43: MEA Market Shares of Precision Farming, by Sub-Region, 2024
Figure 44: Market Shares of Major Companies in the Precision Farming Market, 2024
Figure 45: Precision Farming Market Ecosystem
Figure 46: Agco Corp.: Revenue Share, by Country/Region, FY 2024
Figure 47: CNH Industrial N.V.: Revenue Share, by Business Unit, FY 2024
Figure 48: CNH Industrial N.V.: Revenue Share, by Country/Region, FY 2024
Figure 49: Corteva: Revenue Share, by Business Unit, FY 2024
Figure 50: Corteva: Revenue Share, by Country/Region, FY 2024
Figure 51: Deere & Co.: Revenue Share, by Business Unit, FY 2024
Figure 52: Deere & Co.: Revenue Share, by Country/Region, FY 2024
Figure 53: Hexagon AB: Revenue Share, by Business Unit, FY 2024
Figure 54: Hexagon AB: Revenue Share, by Country/Region, FY 2024
Figure 55: Kubota Corp.: Revenue Share, by Business Unit, FY 2024
Figure 56: Kubota Corp.: Revenue Share, by Country/Region, FY 2024
Figure 57: Topcon Corp.: Revenue Share, by Business Unit, FY 2024
Figure 58: Topcon Corp.: Revenue Share, by Country/Region, FY 2024
Figure 59: Trimble Inc.: Revenue Share, by Business Unit, FY 2024
Figure 60: Trimble Inc.: Revenue Share, by Country/Region, FY 2024

Companies Mentioned

  • Agco Corp.
  • AG Leader Technology
  • Climate Llc.
  • CNH Industrial N.V.
  • Corteva
  • Cropx Inc.
  • Deere & Co.
  • Dickey-John
  • Farmers Edge Inc.
  • Hexagon Ab
  • Kubota Corp.
  • Taranis
  • Teejet Technologies
  • Topcon Corp.
  • Trimble Inc.

Table Information