Precision Farming Market Report : By Size, Trends And Global Forecast 2023-2032 | Deere and Company, Trimble Inc., AGCO Corporation, AgJunction Inc., Raven Industries Inc.

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Precision Farming market report by The Business Research Company, the growing demand for food is expected to propel the growth of the precision farming market going forward. Food refers to the substance comprising all essential nutrients such as protein, carbohydrates, fat, and others used in the body of an organism to sustain growth.

The global precision farming market size grew from $6.8 billion in 2022 to $7.9 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The precision farming market size is expected to grow to $13.68 billion in 2027 at a CAGR of 14.7%.

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https://www.thebusinessresearchcompany.com/report/precision-farming-global-market-report

Major competitors in the Precision Farming market include Deere and Company, Trimble Inc., AGCO Corporation, AgJunction Inc., Raven Industries Inc., AG Leader Technology, Teejet Technologies Private Limited, Topcon Positioning Systems, DICKEY-john Corporation, CropMetrics LLC, Monsanto Company, CropX Technologies Ltd., Agribotix, AgEagle Aerial Systems Inc., Granular Inc., Hexagon Agriculture, ClearAg Operations, AgSmarts Inc., Intelligent Agricultural Solutions LLC, and Grownetics Inc.

The Precision Farming market is segmented -
By Offering: Hardware, Software, Services

By Technology: Guidance Technology, Remote Sensing Technology, Variable Rate Application

By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Other Applications

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Precision Farming market.

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Precision farming refers to a model of farm management that focuses on the process of observing, quantifying, and reacting to numerous intra-and inter-field variable inputs for contemporary agriculture. It is used to increase food production while utilising fewer resources and paying less for labour.

The Table Of Content For The Precision Farming Market Include:
1. Executive Summary
2. Precision Farming Market Characteristics
3. Precision Farming Market Trends And Strategies
4. Precision Farming Market - Macro Economic Scenario
5. Precision Farming Market Size And Growth
……
26. Africa Precision Farming Market
27. Precision Farming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Precision Farming Market
29. Precision Farming Market Future Outlook and Potential Analysis
30. Appendix

The "Global Precision Farming Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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