Global Precision Farming Market to grow 14.7% CAGR by 2026


According to a new market research report published by Report Ocean, the global precision farming market was valued at 3,833 million in 2017 anticipated to grow at a CAGR of 14.7%, during the forecast period. The market is estimated to reach $13,016 million by 2026.

This detailed market research report by Report Ocean include in-depth analysis of technological innovations, market trends, supply chain trends, future trends, leading players, and key developments. The report also includes additional information about other factors such as drivers, restraints and challenges faced by this market, along with an overview for each mentioned segment in the study.

Major market segments of the global precision farming market are:

By Hardware

  • Automation & Control system
  • Sensing devices
  • Access points

By Deployment

  • Web-Based/Local
  • Cloud Based

By Service

  • System Integration
  • Managed Services
  • Maintenance & Support
  • Consulting

By Application

  • Irrigation Management
  • Crop Scouting
  • Yield Monitoring
  • Weather Tracking and Forecasting
  • Field Mapping
  • Inventory Management
  • Farm Labor Management

The research methodology adopted by analysts to study the market include inputs derived from industry professionals across the value chain and various other secondary research methods, along with primary research as a major tool for market study.

A section of the report covers research on key players moves that include pointers on new entrants, future investors and existing players.

List of major players operating in the global precision farming market:

  • AgJunction, Inc
  • Agribotix LLC
  • Deere and Company
  • The Climate Corporation
  • Topcon Corporation
  • Trimble, Inc.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The study offers in-depth regional analysis of market scenarios, by analyzing previous trends and covering future forecast. It also offers an in-depth analysis of major driving factors, segments, regions & countries and key players in the market. Additionally, the report outlines the competitive scenarios across different geographies, along with some key market strategies such as mergers and acquisitions, new product developments, R&D activities and more.

Report Highlights

  1. The report would provide an in-depth analysis on the current and future market trends
  2. Analysis on global, regional and country level markets
  3. Key strategic initiatives taken by major players operating in the market along with ranking analysis for the key players
  4. Analysis based on historical information along with the current trends to estimate the future of the market
  5. Analysis of the impact of constantly changing global market scenarios

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