How big is the precision farming market?

The global precision farming market size was estimated at USD 11.67 billion in 2024 and is expected to reach USD 13.02 billion in 2025.

What is the precision farming market growth?

The global precision farming market is expected to grow at a compound annual growth rate of 13.1% from 2025 to 2030 to reach USD 24.09 billion by 2030.

Which segment accounted for the largest precision farming market share?

North America dominated the precision farming market with a share of 43.6% in 2024. This is attributable to the increasing government initiatives for the adoption of modern agriculture technologies and developed agricultural infrastructure in the region.

Who are the key players in the precision farming market?

Some key players operating in the precision farming market include Ag Leader Technology (U.S.); AgJunction, Inc. (U.S.); CropMetrics LLC (U.S.); Trimble, Inc. (U.S.); AGCO Corporation (U.S.); and Raven Industries Inc. (U.S.).

What are the factors driving the precision farming market?

Key factors that are driving the precision farming market growth include the increasing proliferation of the Internet of Things (IoT) and the growing use of advanced analytics by farmers.