Singapore Precision Farming Market Size & Outlook

The precision farming market in Singapore is expected to reach a projected revenue of US$ 436.5 million by 2030. A compound annual growth rate of 16% is expected of Singapore precision farming market from 2024 to 2030.
Revenue, 2023 (US$M)
$154.5
Forecast, 2030 (US$M)
$436.5
CAGR, 2024 - 2030
16%
Report Coverage
Singapore

Singapore precision farming market highlights

  • The Singapore precision farming market generated a revenue of USD 154.5 million in 2023 and is expected to reach USD 436.5 million by 2030.
  • The Singapore market is expected to grow at a CAGR of 16% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating offering in 2023.
  • Software is the most lucrative offering segment registering the fastest growth during the forecast period.

Precision farming market data book summary

Market revenue in 2023USD 154.5 million
Market revenue in 2030USD 436.5 million
Growth rate16% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideAgilent Technologies Inc, Aegon Ltd, Trimble Inc, AGCO Corp, CNH Industrial NV, CropX, Deere & Co, Topcon Corp, AgriFORCE Growing Systems Ltd, Fairfax Financial Holdings Ltd Shs Subord.Vtg, US Global Investors Inc Class A, System1 Inc, Monsanto

Other key industry trends

  • In terms of revenue, Singapore accounted for 1.5% of the global precision farming market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Australia precision farming market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 815.3 million by 2030.

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Precision Farming Market Companies

Name Profile # Employees HQ Website

Singapore 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 68.22% in 2023. Horizon Databook has segmented the Singapore precision farming market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Singapore 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
      • Antennas/access points
    • 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
  • Singapore 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

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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 Singapore precision farming market databook

  • Our clientele includes a mix of precision farming market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 country-level data and insights on the Singapore precision farming market , including forecasts for subscribers. This country databook contains high-level insights into Singapore precision farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Singapore precision farming market size, by offering, 2018-2030 (US$M)

Singapore Precision Farming Market Outlook Share, 2023 & 2030 (US$M)

Singapore precision farming market size, by offering, 2018-2030 (US$M)

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