Agriculture & Forestry Industry Market News

Precision Farming industry 2019-2025: in search of the right business model scrutinized in new research

Phosphaltic Fertilizer

Precision Farming Industry By Technology (Remote Sensing, Guidance System, Variable Rate Technology), By Offerings (Hardware, Software, Services), and By Application (Yield Monitoring, Crop Scouting, Field Mapping, Controller, Weather Tracking & Forecasting) -Global Market Size Analysis and Forecast 2019-2025

Global Precision Farming Industry was valued at USD 3.7 Billion in the year 2017. The Global Precision Farming Industry is further estimated to grow at a CAGR of 13.62% from 2018 to reach USD 10.26 Billion by the year 2025.

The North America region holds the highest Industry share in 2017 and the Asia Pacific region is considered as the fastest growing Industry in the forecasted period due to growing demand of Precision Farming and developing agriculture sector in the region. At a country level, the U.S. and Canada in North America and China, India, and Japan in Asia-Pacific holds the notable Industry share and is projected to grow strongly in the coming.

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Major market players in Precision Farming Industry are Deere & Company, AGCO Cop., AgSmarts Inc., Monsanto Company, Ag Leader Technology, Ag Leader Technology, Agribotix LLC, Raven Industries, Trimble Inc., AgJunction Inc., SST Development Group Inc., Farmers Edge Inc., and brief overview of 10 more companies is provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Precision Farming Industry:


            Advancing agricultural techniques

            Various Government initiative for the agriculture sector

            Growing awareness of precision farming


            High initial investments


            Growing usage of a smartphone in farming


            Lack of technology acceptance

            Lack of standardization

The segmentation is done on the basis of offerings, by technology, by application, and by region. On the basis of offerings, the global Precision Farming Industry is sub-segmented as hardware, software & services of which the service segment is expected to hold the highest Industry share during the forecast.

By Offerings

  • • Hardware

o Automation & Control System

o Sensing and Monitoring Devices

  • • Software

o Cloud-Based

o Local/Web Based

  • • Services

By Technology

  • • Remote Sensing
  • • Guidance System
  • • Variable Rate Technology

By Application

  • • Yield monitoring
  • • Crop scouting
  • • Field mapping
  • • Weather tracking & forecasting
  • • Inventory management
  • • Farm labor management
  • • Irrigation management

By Region

North America

  • • USA
  • • Canada


  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe


  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific


  • • Latin America
  • • Middle East & Africa

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