Precision Farming Market Size To Reach $24.09 Billion By 2030

May 2025 | Report Format: Electronic (PDF)

Precision Farming Market Growth & Trends

The global precision farming market size is anticipated to reach USD 24.09 billion by 2030, registering a CAGR of 13.1% from 2025 to 2030. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops.

The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control systems. It also includes maintenance and managed services. The process also incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.

The growing number of applications for telematics in agriculture is anticipated to supplement the growth of the market. Telematics services include tracking devices that deploy the Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. Major agriculture equipment manufacturers are adopting telematics services for their equipment to improve farm efficiency, thereby reducing the cost of agricultural operations and maximizing profitability. Improved management can also help reduce environmental impact.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the growth of the market during the forecast period.

Furthermore, with GPS guidance and automation advancements, drones are poised to transform the agriculture industry in the forthcoming years. The ability of drones to precisely analyze the soil at the beginning of the crop cycle and detect a plant infected with bacteria or fungus is anticipated to propel the growth of the drone segment.

However, the low rate of technology adoption among farmers is likely to hamper market growth during the study period. This may be due to factors such as the absence of stringent standards and limitations on the exchange of data. Furthermore, farmers lack independent consulting and advisory services owing to the absence of validated agronomic models for Variable Rate Technology (VRT) to make decisions on investments. In addition, independent services are not linked to co-operatives, government bodies, and farmer associations where farmers can get additional information to make better decisions.

key Request a free sample copy or view the report summary: Precision Farming Market Report

Precision Farming Market Report Highlights

The hardware segment accounted for the largest market share of over 66.0% in 2024 in the precision farming industry. The hardware segment has been further segmented into automation and control systems, sensing devices, antennas, and access points.
The yield monitoring segment accounted for the largest market share of over 42.0% in 2024. The segment is further segregated into on-farm yield monitoring and off-farm yield monitoring.
The services segment is anticipated to grow at a CAGR of 15.7% during the forecast period. Cloud computing focuses on shared networks, servers, and storage devices, owing to which the high costs incurred in maintaining hardware and software infrastructure are eliminated.
Asia Pacific is expected to showcase the fastest growth owing to the availability of the largest agricultural land, which provides growth opportunities in countries such as China, India, Australia, and Japan

Precision Farming Market Segmentation

Grand View Research has segmented the global precision farming market report based on offering, application, and region:

Precision Farming Offering Outlook (Revenue, USD Million; 2017 - 2030)

Hardware
- Automation & Control Systems
  - Drones
  - Application Control Devices
  - Guidance System
    - GPS
    - GIS
  - Remote Sensing
    - Handheld
    - Satellite Sensing
  - Driverless Tractors
  - Mobile Devices
  - VRT
    - Map-based
    - Sensor-based
  - Wireless Modules
    - Bluetooth Technology
    - Wi-Fi Technology
    - Zigbee Technology
    - RF Technology
- Sensing Devices
  - Soil Sensor
    - Nutrient Sensor
    - Moisture Sensor
    - Temperature Sensor
  - Water Sensors
  - Climate Sensors
  - Others
- Antennas & Access Points
Software
- Web-based
- Cloud-based
Services
- System Integration & Consulting
- Maintenance & Support
- Managed Types
  - Data Types
  - Analytics Types
  - Farm Operation Types
- Assisted Professional Types
  - Supply Chain Management Types
  - Climate Information Types