Global Precision Farming Market Size & Outlook, 2025-2030
Global precision farming market, 2018-2030 (US$M)
Related Markets
Global precision farming market highlights
- The global precision farming market generated a revenue of USD 11,667.3 million in 2024 and is expected to reach USD 24,086.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 13.1% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 8,518.3 million in 2024.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 11,667.3 million |
| Market revenue in 2030 | USD 24,086.3 million |
| Growth rate | 13.1% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 43.2% of the global precision farming market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 815.3 million by 2030.
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Precision Farming Market Scope
Precision Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| System1 Inc | View profile | 300 | 4235 Redwood Avenue, Marina Del Rey, CA, United States, 90066 | https://www.system1.com |
| US Global Investors Inc Class A | View profile | 24 | 7900 Callaghan Road, San Antonio, TX, United States, 78229 | https://www.usfunds.com |
| Aegon Ltd | View profile | 15658 | Aegonplein 50, P.O. Box 85, The Hague, ZH, Netherlands, 2591 TV | https://www.aegon.com |
| AgriFORCE Growing Systems Ltd | View profile | 7 | 800 – 525 West 8th Avenue, Vancouver, BC, Canada, V5Z 1C6 | https://www.agriforcegs.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| Monsanto | View profile | 10001+ | Saint Louis, Missouri, United States, North America | http://www.monsanto.com |
| CropX | View profile | 101-250 | Netanya, HaMerkaz, Israel, Asia | https://cropx.com/ |
| Fairfax Financial Holdings Ltd Shs Subord.Vtg | View profile | 51044 | 95 Wellington Street West, Suite 800, Toronto, ON, Canada, M5J 2N7 | https://www.fairfax.ca |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Topcon Corp | View profile | 5543 | 75-1 Hasunuma-cho, Itabashi-ku, Tokyo, Japan, 1748580 | http://www.topcon.co.jp |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
Global precision farming market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision farming market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 73.01% in 2024. Horizon Databook has segmented the Global precision farming market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Precision Farming Offering Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Automation & control system
- Drones
- Application control devices
- Guidance system
- GPS
- GIS
- Remote sensing
- Hand held
- Satellite sensing
- Driverless tractors
- Mobile devices
- VRT
- Map-based
- Sensor-based
- Wireless module
- Bluetooth technology
- Wi-Fi technology
- Zigbee
- RF technology
- Sensing devices
- Soil sensors
- Nutrient sensor
- Moisture sensor
- Temperatuer sensor
- Water sensors
- Climate sensors
- Others
- Soil sensors
- Antennas/access points
- Automation & control system
- Software
- Web-based
- Cloud based
- Services
- System integration & consulting
- Maintenance & support
- Managed services
- Data servcies
- Analytic services
- Farm operation services
- Assisted professional servcies
- Supply chain management services
- Climate information services
- Hardware
- Global Precision Farming Application Outlook (Revenue, USD Million, 2018-2030)
- Yield monitoring
- On-Farm
- Off-Farm
- Field mapping
- Crop scouting
- Weather tracking & forecasting
- Irrigation management
- Inventory management
- Farm labor management
- Yield monitoring
Reasons to subscribe to Global precision farming market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global precision farming market databook
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Our clientele includes a mix of precision farming market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global precision farming market , including forecasts for subscribers. This global databook contains high-level insights into Global precision farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global precision farming market size, by regions, 2018-2030 (US$M)
Top 10 countries: Precision farming market size, 2024 (US$M)
Global precision farming market share, by offering, 2024 & 2030 (%, US$M)
Precision farming market: Opportunity assessment by country
Global precision farming market, by region, 2024 (US$M)
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