The recent report by IMARC Group, entitled “Precision Agriculture Market Report by Technology (GNSS/GPS Systems, GIS, Remote Sensing, Variable Rate Technology (VRT), and Others), Type (Automation and Control Systems, Sensing and Monitoring Devices, Farm Management Systems), Component (Hardware, Software), Application (Mapping, Crop Scouting, Yield Monitoring, Soil Monitoring, Precision Irrigation, and Others), and Region 2025-2033”, offers a comprehensive analysis of the precision agriculture market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Precision Agriculture Market?
The global precision agriculture market size reached USD 9.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.5 Billion by 2033, exhibiting a growth rate (CAGR) of 9.66% during 2025-2033.
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Precision Agriculture Market Dynamics:
Growing Global Food Demand:
The world population is continuously growing which later on put huge demand in food production. The objective of these technologies is to meet this demand by making appropriate use of the auto-pilot and sensor technologies and opening the door to many technologies through the use of sensors and controls that are no longer dependable. These procedures are the key to the utilization of the resource, quick production possibilities, planning strategies, and monitoring production. Farmers can apply fertilizers, pesticides, and water in the required ratio and with the right precision so that both the optimum requirement for plant nutrition and the factors of environmental pollution should be the minimum. One of the biggest global issues is to make sure that the innovative technology is used in a way that the farmer’s profits and the environment are never compromised.
Advancements in Technology:
Increased technology development is a key factor in the growth of the precision agriculture market. The fusion of such technologies as artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML) is indeed transforming agriculture. AI-enabled systems can crunch through the data sent by sensors, drones, and satellites to infer patterns, predict crop yields, and recommend the most effective farm practice. IoT brings in the real-time monitoring and control of various farm activities such as irrigation, fertilization, and control of pests. These new tech facilities are giving farmers insight to necessary information and the right tools to make informed decisions that result in efficiency, profitability, and sustainability.
Increasing Government Support:
The necessity of precision farming to secure enough food and to promote sustainable agriculture is well acknowledged by governments of all countries that is why the specific measure of precision agriculture is being given primary importance. Numerous governments provide financial incentives, subsidies, and research grants so as to advise and guide farmers to avail of precision farming technologies which are needed to combine the best of skills and technologies to deliver better farm yields. Introductions for the modernization of agriculture, the persistence of farm productivity, and the force of agricultural sector competition will be promoted through the implementation of these initiatives. The government’s assistance is a major factor in increasing the adoption of precision agriculture technologies, especially among smallholder farmers who are often financially constrained in accessing and implementing such technologies.
Top Precision Agriculture Market Leaders:
The precision agriculture market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Agribotix
- Bayer CropScience AG
- Case IH Agriculture
- ClearAg Operations
- Conservis Corporation
- Deere & Company
- Farmers Edge Inc.
- Fairport Farm Software
- Fuse Technologies
- Granular AG
- Grownetics Inc.
- IBM
- MapShots Inc.
- Raven Industries
- SST Software
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/precision-agriculture-market
Precision Agriculture Market Trends:
The precision agriculture sector is witnessing several significant developments. Real-time data analytics with predictive modeling is helping farmers to make better decisions on crop management, resource allocation, and risk mitigation. Mechanization and robotics are increasingly being applied in the agriculture field with the consequent reduction in labor costs and improvements in efficiency. Sustainability is also a significant factor driving the development of eco-friendly and efficient precision agriculture technologies such as organic farming practices, precision irrigation systems, and the use of renewable energy sources. With these changes continuing and evolving, we will be able to see more technology in agriculture which eventually will create a better and sustainable food system.
Precision Agriculture Market Report Segmentation:
Breakup By Type:
- Automation and Control Systems
- Sensing and Monitoring Devices
- Farm Management Systems
Breakup By Technology:
- GNSS/GPS Systems
- GIS
- Remote Sensing
- Variable Rate Technology (VRT)
- Others
Breakup By Application:
- Mapping
- Crop Scouting
- Yield Monitoring
- Soil Monitoring
- Precision Irrigation
- Others
Breakup By Component:
- Hardware
- Software
Breakup By Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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