U.S. Precision Farming Market Size & Outlook, 2023-2030
U.S. precision farming market, 2018-2030 (US$M)
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U.S. precision farming market highlights
- The U.S. precision farming market generated a revenue of USD 2,615.0 million in 2023 and is expected to reach USD 4,865.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.3% 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 2023 | USD 2,615.0 million |
| Market revenue in 2030 | USD 4,865.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Agilent 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, U.S. accounted for 24.9% 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 North America, U.S. precision farming market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,699.7 million by 2030.
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Precision Farming Market Scope
Precision Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 55.55% in 2023. Horizon Databook has segmented the U.S. precision farming market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. 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
- U.S. 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
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. precision farming market , including forecasts for subscribers. This country databook contains high-level insights into U.S. precision farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. precision farming market size, by offering, 2018-2030 (US$M)
U.S. Precision Farming Market Outlook Share, 2023 & 2030 (US$M)
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