Precision Agriculture Market Latest Innovations, Drivers and Industry Status 2023 to 2030

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The global market for Precision Agriculture valued at USD 8306.6 Million in 2022 is projected to reach a revised size of USD 19701.75 Million by 2030, growing at a CAGR of 11.4% over the period 2023-2030.

The precision agriculture market has been driven by advancements in technologies such as GPS, drones, sensors, satellite imagery, artificial intelligence (AI), and data analytics. These technologies enable farmers to collect real-time data about their fields, crops, soil conditions, and weather patterns, allowing for more precise decision-making. Precision agriculture offers several benefits to farmers, including increased yields, reduced input costs (such as water, fertilizer, and pesticides), improved resource efficiency, better crop quality, and sustainability. Despite its potential benefits, the adoption of precision agriculture technologies may face challenges such as high initial costs, lack of awareness and technical expertise among farmers, interoperability issues, and data privacy concerns.

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Updated Version 2024 is available our Sample Report May Includes the:

  • Scope For 2024
  • Brief Introduction to the research report.
  • Table of Contents (Scope covered as a part of the study)
  • Top players in the market
  • Research framework (structure of the report)
  • Research methodology adopted by Worldwide Market Reports

Leading players involved in the Precision Agriculture Market include:

AgJunction Inc. (Canada), Raven Industries Inc. (U.S), CNH Industrial N.V. (U.K), Deere Company (U.S), Trimble, Inc. (U.S), Iteris Inc. (U.S), Topcon Corporation (Japan), PrecisionHawk (U.S), SenseFly (Cheseaux-sur-Lausanne), DICKEY-john (Auburn), SST Development Group, Inc. (U.S), Agribotix LLC (U.S), and other major players. 

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

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Segmentation of Precision Agriculture Market:

By Component

  • Hardware
  • Software
  • Services

By Technology

  • Remote sensing
  • GPS/GNSS systems
  • Variable rate technology
  • Guidance software
  • Geomapping

By Application

  • Crop Management
  • Weather Forecasting
  • Irrigation Management
  • Field Mapping
  • Yield Monitoring
  • Others

Market Segment by Regions: -

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Importance of the Report:

  • Qualitative and quantitative analysis of current trends, dynamics and estimates;
  • Provides additional highlights and key points on various Precision Agriculture market segments and their impact in the coming years.
  • The sample report includes the latest drivers and trends in the Precision Agriculture market.
  • The report analyzes the market competitive environment and provides information about several market vendors.
  • The report provides forecasts of future trends and changes in consumer behavior.
  • Comprehensive fragmentation by product type, end use and geography.
  • The study identifies many growth opportunities in the global Precision Agriculture market.
  • The market study also highlights the expected revenue growth of the Precision Agriculture market.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

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