Space-Based Precision Agriculture Global Market Report 2025

The space-based precision agriculture market size has grown rapidly in recent years. It will grow from $5.0 billion in 2024 to $5.55 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth during the historic period can be attributed to factors such as increasing investment in agritech startups, wider adoption of GPS and GNSS technologies in farming, rising global food demand, government initiatives supporting precision agriculture, and the development of low-Earth orbit satellite networks.

The space-based precision agriculture market size is expected to see rapid growth in the next few years. It will grow to $8.29 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth projected for the forecast period can be attributed to the increasing demand for climate-smart agriculture solutions, the growing need for water-use efficiency in farming, heightened focus on reducing agriculture’s carbon footprint, rising awareness of satellite monitoring among smallholder farmers, and the automation of precision irrigation systems utilizing satellite data. Key trends expected during this period include technological advancements in satellite imaging, progress in artificial intelligence and machine learning for crop analytics, expansion of 5G connectivity in rural areas, development of digital twins for agricultural fields, and AI-powered crop health diagnostics.

The increasing emphasis on sustainable agriculture is anticipated to drive growth in the space-based precision agriculture market in the coming years. Sustainable agriculture is a farming approach that meets current food needs without compromising the health of natural resources and ecosystems for future generations. This rise in sustainable agriculture stems from growing environmental concerns, as traditional farming methods contribute to soil degradation, water shortages, and climate change, leading to a shift towards more eco-friendly practices. Space-based precision agriculture utilizes satellite imagery and remote sensing to accurately monitor crop health, soil, and water conditions. This enables farmers to optimize resource use, reduce waste, and increase yields, fostering more sustainable farming. For example, in May 2023, the UK’s Department for Environment, Food, and Rural Affairs reported that the UK’s total organic farmland including both fully converted land and land in transition reached 509,000 hectares in 2022, marking a slight increase of 0.4% from 2021. Consequently, the rising focus on sustainable agriculture is fueling the growth of the space-based precision agriculture market.

Leading players in the space-based precision agriculture market are concentrating on advanced product developments such as global navigation satellite system (GNSS) receivers to improve field mapping accuracy and boost crop yields while lowering input expenses. A GNSS receiver captures satellite signals to determine exact location and timing, delivering precise navigation and positioning critical for precision agriculture applications. For instance, in April 2025, PTx Trimble, a US provider of connected precision farming solutions, launched the NAV-960, a next-generation guidance controller. This model offers substantial improvements over its predecessor, the NAV-900, including enhanced processing power, up to 50% better vehicle positioning and line-following accuracy, and strong performance under harsh conditions. Notable features include advanced inertial sensors, the latest GNSS engine, onboard Trimble ProPoint and IonoGuard technologies to resist solar interference, centimeter-level accuracy with correction signals, and full compatibility with existing PTx Trimble steering systems and GFX displays.

In September 2023, AGCO Corporation, a US-based agricultural machinery manufacturer, partnered with Trimble Inc. to establish a new entity called PTx Trimble. The collaboration aims to develop a leading mixed-fleet precision agriculture platform by integrating Trimble’s precision ag business with AGCO’s JCA Technologies. This alliance is designed to provide farmers worldwide with access to advanced, next-generation precision agriculture tools and solutions, accelerating innovation while enhancing productivity, profitability, and sustainability in farming. Trimble Inc., a US company, operates in the space-based precision agriculture market through its GNSS technology and related services.

Major players in the space-based precision agriculture market are Airbus SE, John Deere, CNH Industrial, Maxar Technologies Inc., Planet Labs Inc., ICEYE Ltd., Spire Global Inc., BlackSky Technology Inc., AG Leader Technology, GHGSat Inc., Taranis Inc, CropX Inc., SatSure, OneSoil, Satelligence, Agremo, Gamaya SA, AgriEdge, GeoOptics Inc., Eos Data Analytics, Climate FieldView, Farmonaut Technologies Pvt. Ltd.

North America was the largest region in the space-based precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in space-based precision agriculture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the space-based precision agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Space-based precision agriculture involves the use of satellite technologies and space-derived data to improve the efficiency, productivity, and sustainability of agricultural practices. This method employs satellite imagery, remote sensing, GPS, and geospatial data to continuously monitor crop health, soil conditions, weather patterns, and land use. By utilizing this information, farmers and agribusinesses can make data-driven decisions regarding planting, irrigation, fertilization, and harvesting, resulting in optimized resource use, minimized environmental impact, and enhanced crop yields.

The primary components of space-based precision agriculture include hardware, software, and services. Hardware encompasses the physical devices and equipment used on farms and satellites to collect and transmit agricultural data. This hardware integrates various technologies such as remote sensing, global positioning systems (GPS), geographic information systems (GIS), satellite imagery, and more, supporting applications like crop monitoring, soil health assessment, yield mapping, irrigation management, and others. These technologies serve a wide range of end-users, including farmers, agribusinesses, research institutions, and others.

The space-based precision agriculture market research report is one of a series of new reports that provides space-based precision agriculture market statistics, including space-based precision agriculture industry global market size, regional shares, competitors with an space-based precision agriculture market share, detailed space-based precision agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the space-based precision agriculture industry. The space-based precision agriculture 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.

The space-based precision agriculture market consists of revenues earned by entities providing services such as pest and disease detection, nutrient management, weather forecasting and climate monitoring and carbon sequestration monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The space-based precision agriculture market includes sales of earth observation satellites, global navigation satellite system (GNSS) -enabled devices, satellite receivers, and integrated sensors used in agricultural equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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 and 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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