Precision Farming Market by Technology and Geography - Forecast and Analysis 2022-2026

The precision farming market share should rise by USD 3.52 billion from 2022 to 2026 at a CAGR of 8.41%.

This precision farming market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by technology (guidance technology, remote sensing technology, and variable-rate technology) and geography (North America, Europe, APAC, MEA, and South America). The precision farming market report also offers information on several market vendors, including AAA Taranis Visual Ltd., Abaco Spa, Ag Leader Technology, AGCO Corp., AgEagle Aerial Systems Inc., Deere and Co., Hexagon AB, Spraying Systems Co., Topcon Positioning Systems Inc., and Trimble Inc. among others.

What will the Precision Farming Market Size be in 2022?

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Precision Farming Market: Key Drivers and Trends

The growing need for sustainable agriculture is notably driving the precision farming market growth, although factors such as less awareness in economically developing and under-developed countries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the precision farming market. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This precision farming market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Precision Farming Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AAA Taranis Visual Ltd.
• Abaco Spa
• Ag Leader Technology
• AGCO Corp.
• AgEagle Aerial Systems Inc.
• Deere and Co.
• Hexagon AB
• Spraying Systems Co.
• Topcon Positioning Systems Inc.
• Trimble Inc.

 

The vendor landscape of the precision farming market entails successful business strategies deployed by the vendors. The precision farming market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the precision farming market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Precision Farming Market?

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29% of the market's growth will originate from North America during the forecast period. The US are the key market for the precision farming market in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The declining availability of arable land will facilitate the precision farming market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Technology Segments in the Precision Farming Market?

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The precision farming market share growth by the guidance technology segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the precision farming market size. Furthermore, our analysts have indicated actionable market insights on post-COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

You may be interested in:

Precision Farming Tools Software market - The market size has the potential to grow by USD 914.90 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Precision Livestock Farming market - The market size has the potential to grow by USD 2.17 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Precision Agriculture market - The market share is expected to increase by USD 6.03 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.55%.

Precision Farming Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.41%
Market growth 2022-2026	$3.52 billion
Market structure	Fragmented
YoY growth (%)	6.97
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 29%
Key consumer countries	US, The Netherlands, China, Canada, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Companies profiled	AAA Taranis Visual Ltd., Abaco Spa, Ag Leader Technology, AGCO Corp., AgEagle Aerial Systems Inc., Deere and Co., Hexagon AB, Spraying Systems Co., Topcon Positioning Systems Inc., and Trimble Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Precision Farming Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive precision farming market growth during the next five years
• Precise estimation of the precision farming market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the precision farming market across North America, Europe, APAC, MEA, and South America 
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of precision farming market vendors

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