Global Precision Agriculture Market Growth (Status and Outlook) 2023-2029

Global Precision Agriculture Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Precision Agriculture Industry Forecast” looks at past sales and reviews total world Precision Agriculture sales in 2022, providing a comprehensive analysis by region and market sector of projected Precision Agriculture sales for 2023 through 2029. With Precision Agriculture sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precision Agriculture industry.
This Insight Report provides a comprehensive analysis of the global Precision Agriculture landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Precision Agriculture portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Precision Agriculture market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precision Agriculture and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Precision Agriculture.
The global Precision Agriculture market size is projected to grow from US$ 4263.5 million in 2022 to US$ 9323.2 million in 2029; it is expected to grow at a CAGR of 11.8% from 2023 to 2029.
Global core precision agriculture players include Deere & Company, Trimble Agriculture and CNH Industrial etc. The Top 3 companies hold a share about 30%. North America is the largest market, with a share about 44%, followed by Europe and Asia Pacific with the share about 28% and 19%.
This report presents a comprehensive overview, market shares, and growth opportunities of Precision Agriculture market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Guidance System
Remote Sensing
Variable-Rate Technology
Others
Segmentation by application
Agricultural Cooperatives
Farmland & Farms
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Deere & Company
Trimble Agriculture
CropX
Valmont Industries
AGCO Corporation
Dickey-John Corporation
Monsanto Company
Ag Leader Technology
AgJunction
CNH Industrial
Raven Industries
Proagrica
TeeJet Technologies
Topcon Positioning Systems

Please note: The report will take approximately 2 business days to prepare and deliver.