The global market for precision farming is projected to grow from an estimated $12.8 billion in 2025 to $21.2 billion by 2030, at a compound annual growth rate (CAGR) of 10.6% from 2025 through 2030.
The North American market for precision farming is projected to grow from an estimated $5 billion in 2025 to $8.5 billion by 2030, at a CAGR of 11.3% from 2025 through 2030.
The Asia-Pacific market for precision farming is projected to grow from an estimated $2.1 billion in 2025 to $3.7 billion by 2030, at a CAGR of 12.4% from 2025 through 2030.
Report Scope
This report provides an overview of the global market for precision farming and analyzes market trends. Using 2024 as the base year, estimated market data is provided for the forecast period 2025 through 2030. The market has been segmented based on solutions (hardware, software, and service), and applications (crop management, livestock monitoring, precision irrigation, soil health management, fertilizer and pesticide management, and other applications).
The report covers the market for precision farming, including the user base across different regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA). It also highlights major trends and challenges that affect the market and vendor landscape. It analyzes environmental, social, and corporate governance (ESG) developments, patents, and emerging technologies. It also surveys the competition among major companies and gives profiles of market leaders.
Report Includes
- 46 data tables and 54 additional tables
- Overview and an analysis of the current and future global markets for precision farming technology
- Analyses of the global market trends, with revenue data from 2024, estimates for 2025, forecast for 2026 and 2029, and projections of CAGRs through 2030
- Estimates of the market's size and revenue prospects for the precision farming market, accompanied by a market share analysis by solution, application and region
- Insights derived from Porter's Five Forces model, as well as global supply chain analyses
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Analysis of latest patent grants and publications
- Analysis of the industry structure, including companies' market shares, strategic alliances, M&A activity, venture fundings and investment outlook
- Profiles of the leading companies, including AGCO Corp., Deere & Co., CNH Industrial N.V., Hexagon AB and Kubota Corp.
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Technological Advances and Applications
- Market Dynamics and Growth Factors
- Future Trends and Developments
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Current Market Overview
- Future of Precision Farming Technologies
- Macroeconomic Factors
- The Influence of Government Policies on Precision Farming
- Impact of Interest Rates on Precision Farming
- Integrating Precision Farming Tools
- Soil Preparation
- Planting and Crop Management
- Harvesting and Post-Harvest Management
- Supply Chain Integration
- Supply Chain Analysis
- Component Sourcing and Raw Material Providers
- Manufacturers
- Distribution Networks
- Maintenance and After-Sales Support
- Porter's Five Forces Analysis
- Threat of New Entrants
- Bargaining Power of Suppliers (Vendors)
- Bargaining Power of Buyers (Consumers)
- Threat of Substitutes
- Competition in the Industry
- Government Policies and Support
- U.S.
- European Union
- China
- Brazil
- Australia
- Canada
- India
- Impact of U.S. Tariffs
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Global Demand for Food and Food Security
- Integration of Advanced Technologies in Precision Farming
- Rising Labor Costs and Labor Shortages
- Technological Advances and Digitalization
- Market Challenges
- High Initial Investment Costs
- Lack of Technical Expertise and Awareness
- Climate Change and Environmental Concerns
- Market Opportunities
- Expansion of Variable Rate Technology (VRT)
- Increasing Adoption of Agriculture-as-a-Service (AaaS) Models
Chapter 4 Emerging Technologies and Patent Analysis
- Emerging Technologies
- Technology Adoption
- AI and ML for Predictive Analytics and Decision Making
- Autonomous Farming Equipment and Robotics
- Advanced IoT-Enabled Sensors and 5G Connectivity
- Satellite-Based Remote Sensing with Hyperspectral Imaging
- Blockchain for Supply Chain Transparency and Traceability
- Patent Analysis
- Company Share Patterns
- Regional Patterns
- Key Findings
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Precision Farming Market, by Solution
- Overview
- Key Takeaways
- Hardware
- Software
- Services
- Precision Farming Market, by Application
- Overview
- Key Takeaways
- Crop Management
- Livestock Monitoring
- Precision Irrigation
- Soil Health Management
- Fertilizer and Pesticide Management
- Other Applications
- Geographic Breakdown
- Precision Farming Market, by Region
- Overview
- Key Takeaways
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa (MEA)
Chapter 6 Competitive Intelligence
- Market Share Analysis
- John Deere
- AGCO Corp.
- CNH Industrial N.V.
- Hexagon AB
- Kubota Corp.
- Market Ecosystem
- Research institutes, Universities, and Labs
- Hardware Providers
- Software Providers
- Service Providers
- Strategic Analysis
- Agreements, Collaborations, and Partnerships
- Mergers and Acquisitions
- Investments and Expansions
Chapter 7 Sustainability in the Precision Farming Industry: An ESG Perspective
- Introduction to ESG
- ESG Risk Analysis in the Global Precision Farming Market
- Environmental Factors
- Social Factors
- Governance Factors
- ESG Integration and Reporting
- ESG Integration
- ESG Reporting
- Current Status of ESG in the Global Market
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- References
- Abbreviations
- Company Profiles
- AGCO CORP.
- AG LEADER TECHNOLOGY
- CLIMATE LLC.
- CNH INDUSTRIAL N.V.
- CORTEVA
- CROPX INC.
- DEERE & CO.
- DICKEY-JOHN
- FARMERS EDGE INC.
- HEXAGON AB
- KUBOTA CORP.
- TARANIS
- TEEJET TECHNOLOGIES
- TOPCON CORP.
- TRIMBLE INC.
- Other Companies in the Precision Farming Market
