Market Analysis and Insights: Global Precision Agriculture Systems Market

Precision Agriculture (PA) is a farming management concept based upon observing, measuring and responding to agriculture. It was born in early 1990s for introduction of GPS guidance for tractors. Now it is a dynamic industry that mentioned lots of technologies, such as ecological based principles, plant genetics, technological advances in planting and application equipment and plant and soil sensors, and knowledge to vary management, to improve system efficiency, resilience, and adaptability.

Due to the COVID-19 pandemic, the global Precision Agriculture Systems market size is estimated to be worth US$ 4516.5 million in 2022 and is forecast to a readjusted size of US$ 10010 million by 2029 with a CAGR of 11.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Guidance System accounting for % of the Precision Agriculture Systems global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Farmland & Farms segment is altered to an % CAGR throughout this forecast period.

Global Precision Agriculture Systems main players are Deere & Company, CNH Industrial, Trimble, Valmont Industries, etc. Global top four manufacturers hold a share over 35%. North America is the largest market, with a share over 40%.

Global Precision Agriculture Systems Scope and Market Size

The global Precision Agriculture Systems market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Precision Agriculture Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Guidance System

Remote Sensing

Variable-Rate Technology


Segment by Application


Farmland & Farms

Agricultural Cooperatives

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Deere & Company

CropMetrics LLC

Trimble Agriculture

CropX

Valmont Industries

AGCO Corporation

Dickey-John Corporation

Monsanto Company

Ag Leader Technology

AgJunction

CNH Industrial

Raven Industries

SST (Proagrica)

TeeJet Technologies

Topcon Positioning Systems