Latin America Precision Farming Market Size & Outlook
Related Markets
Latin America precision farming market highlights
- The Latin America precision farming market generated a revenue of USD 1,217.5 million in 2024.
- The market is expected to grow at a CAGR of 12.8% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating offering in 2024.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,217.5 million |
| Market revenue in 2030 | USD 2,479.9 million |
| Growth rate | 12.8% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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, Latin America region accounted for 10.4% of the global precision farming market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,770.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Precision Farming Market Scope
Precision Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| System1 Inc | View profile | 300 | 4235 Redwood Avenue, Marina Del Rey, CA, United States, 90066 | https://www.system1.com |
| US Global Investors Inc Class A | View profile | 24 | 7900 Callaghan Road, San Antonio, TX, United States, 78229 | https://www.usfunds.com |
| Aegon Ltd | View profile | 15658 | Aegonplein 50, P.O. Box 85, The Hague, ZH, Netherlands, 2591 TV | https://www.aegon.com |
| AgriFORCE Growing Systems Ltd | View profile | 7 | 800 – 525 West 8th Avenue, Vancouver, BC, Canada, V5Z 1C6 | https://www.agriforcegs.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| Monsanto | View profile | 10001+ | Saint Louis, Missouri, United States, North America | http://www.monsanto.com |
| CropX | View profile | 101-250 | Netanya, HaMerkaz, Israel, Asia | https://cropx.com/ |
| Fairfax Financial Holdings Ltd Shs Subord.Vtg | View profile | 51044 | 95 Wellington Street West, Suite 800, Toronto, ON, Canada, M5J 2N7 | https://www.fairfax.ca |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Topcon Corp | View profile | 5543 | 75-1 Hasunuma-cho, Itabashi-ku, Tokyo, Japan, 1748580 | http://www.topcon.co.jp |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
Latin America 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 84.59% in 2024. Horizon Databook has segmented the Latin America precision farming market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The precision farming market growth in the South America is driven by favorable investments and initiatives by industry participants across Brazil, Chile, and Peru. For instance, in September 2019, SGS SA launched its precision farming and fertility management services across Mexico.
The technology and solutions in precision farming are based on the SGS digital IoT platform Precision Gateway. Similarly, in March 2020, HELM (Germany) launched SKYFLD digital agriculture platform at Expoagro, Argentina.
The SKYFLD is an innovative digital agriculture tool that allows monitoring crops using biomass maps. Such proactive investments and launches will propel market opportunities for regional precision farming solution providers.
Reasons to subscribe to Latin America precision farming market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
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 Latin America 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 continent-level data and insights on the Latin America precision farming market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America precision farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America precision farming market size, by country, 2018-2030 (US$M)
Latin America Precision Farming Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
