Precision Farming Market Report 2026

The precision farming market size has grown rapidly in recent years. It will grow from $10.52 billion in 2025 to $11.93 billion in 2026 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to rise in GPS-enabled field mapping, increased use of basic remote sensing tools, growing need for yield prediction accuracy, early adoption of vrt-based fertilizer application, expansion of mechanized farming equipment.

The precision farming market size is expected to see rapid growth in the next few years. It will grow to $19.86 billion in 2030 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to growth in AI-driven crop monitoring models, rising adoption of cloud-based farm platforms, expansion of autonomous farm machinery, increasing use of integrated weather forecasting tools, accelerated demand for real-time crop scouting analytics. Major trends in the forecast period include growing use of precision field variability analysis, rising adoption of resource-efficient crop management, increased use of data-enabled irrigation optimization, expansion of monitoring tools for yield and inventory, high demand for cost-effective labor reduction technologies.

The rising demand for food is expected to drive the growth of the precision farming market in the future. Food refers to substances containing essential nutrients such as protein, carbohydrates, fats, and others that are used by organisms to support growth. Precision farming is an advanced agricultural method that uses technology to observe, measure, and analyze the specific needs of individual fields and crops, resulting in significantly higher yields. For example, in November 2023, the USDA Foreign Agricultural Service, a US-based government agency, reported that global wheat production for 2023-2024 was 790.54 million metric tons, surpassing the 2022-2023 figure of 789.49 million tons. Therefore, the increasing demand for food and its production will boost the growth of the precision farming market.

Leading companies in the precision farming market are creating innovative products, such as advanced blockage and flow monitoring systems, to reach larger customer bases, boost sales, and increase revenue. An advanced blockage and flow monitoring system, commonly used with agricultural machinery and equipment, refers to a technological solution developed to monitor and control the flow of materials - such as seeds, fertilizers, or pesticides - through distribution systems. For example, in July 2023, Precision Planting LLC, a US-based agricultural service company, introduced Clarity. Clarity is an advanced system designed to improve the real-time performance of various agricultural machines, including air seeders, box drills, strip-till bars, and dry fertilizer applicators. This system offers a clear and detailed display of essential information, such as mapping, product volume, uniformity, and deviations. These visuals can be viewed on the Precision Planting Gen 3 20|20 monitor in the operator's cab. Clarity utilizes DICKEY-john® sensors - already installed on many farmers’ equipment - and connects them to a module that sends data to the Precision Planting Gen 3 20|20 monitor. This integration allows farmers to visually track product flow and distribution in real time, giving them confidence that their equipment is consistently performing at optimal levels.

In June 2025, Green AgRevolution Pvt. Ltd. (DeHaat), an India-based provider of end-to-end agricultural services including farm advisory, input supply, financial solutions, and market linkages, acquired Neerx Technovation Pvt. Ltd. for an undisclosed amount. Through this acquisition, Green AgRevolution Pvt. Ltd. (DeHaat) aims to enhance its technological capabilities in precision agriculture and expand its digital agritech solutions to improve farm productivity and sustainability. Neerx Technovation Pvt. Ltd. is an India-based provider of climate and soil intelligence solutions that use IoT and AI technologies to deliver real-time environmental insights for optimized farm management.

Major companies operating in the precision farming market are Deere and Company, Trimble Inc, AGCO Corporation, AgJunction Inc, Raven Industries Inc, AG Leader Technology, Teejet Technologies Private Limited, Topcon Positioning Systems, DICKEY-john Corporation, CropMetrics LLC, CropX Technologies Ltd, Agribotix LLC, AgEagle Aerial Systems Inc, Granular Inc, Hexagon Agriculture, Iteris Inc., AgSmarts Inc, Intelligent Agricultural Solutions LLC, Grownetics Inc, Precision Planting LLC, Farmers Edge Inc., The Climate Corporation, Taranis-Visual Ltd., Descartes Labs, Mavrx Inc., TerrAvion Inc., Gamaya Inc., Aerobotics, Teralytic, Arable Labs, Fieldin Inc., Agworld Pty Ltd., CropIn Technology Solutions Pvt. Ltd., AgriTask, Conservis Corporation, Farmobile LLC.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on components such as GPS devices, sensors, drones, and automated machinery have raised production and procurement costs for precision farming technologies, with hardware-centric segments like guidance systems, remote sensing tools, and VRT equipment most affected in import-dependent regions including Asia-Pacific and Latin America. These tariffs slow adoption across applications such as yield monitoring, field mapping, and irrigation management. However, they also stimulate domestic manufacturing, drive innovation in cost-efficient alternatives, and support long-term market resiliency by reducing reliance on imported technologies.

The precision farming market research report is one of a series of new reports that provides precision farming market statistics, including precision farming industry global market size, regional shares, competitors with a precision farming market share, detailed precision farming market segments, market trends and opportunities, and any further data you may need to thrive in the precision farming industry. This precision farming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Precision farming is a farm management model that revolves around observing, quantifying, and responding to various intra- and inter-field variable inputs in contemporary agriculture. The goal is to increase food production while optimizing resource use and reducing labor costs.

The main offerings in precision farming include hardware, software, and services. Hardware encompasses physical components or delivery systems that store and execute the instructions provided by software. In digital farming, hardware tools are employed to enhance resource utilization and showcase products in various forms. Examples of hardware tools extensively used in precision farming include automation and control systems, drones, application control devices, guidance systems, GPS (Global Positioning System), GIS (Geographic Information System), remote sensors, satellite sensors, driverless tractors, and mobile devices. Different technologies, such as guidance technology, remote sensing technology, and variable rate application, are applied in various precision farming activities, including yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labor management, and others.North America was the largest region in the precision farming market in 2025. The regions covered in the precision farming market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision farming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The precision farming market consists of revenues earned by entities by providing precision farming services such as hyperspectral imaging, detection and diagnostics of disease, controlling weeds and pests, preventing soil degradation, efficient use of land, soil sampling, and soil mapping. The market value includes the value of related goods sold by the service provider or included within the service offering.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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