精密農業市場：製品別（ハードウェア｛ドローン、GPS、収量モニター、センサー｝、ソフトウェア、サービス）、技術別（ガイダンス技術、リモートセンシング技術、可変レート技術）、用途別、地域別 - 2031年までの世界予測

Precision Farming Market by Offering (Hardware {Drones, GPS, Yield Monitors, Sensors}, Software, Services), Technology (Guidance Technology, Remote Sensing Technology and Variable Rate Technology), Application and Region - Global Forecast to 2031

世界の精密農業市場は、2023年の97億米ドルから2031年には219億米ドルに成長すると予測されており、2023年から2031年までの年平均成長率は10.7％と予想されている。 "世界的な食糧生産需要の増加が精密農業市場... もっと見る

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世界の精密農業市場は、2023年の97億米ドルから2031年には219億米ドルに成長すると予測されており、2023年から2031年までの年平均成長率は10.7％と予想されている。
"世界的な食糧生産需要の増加が精密農業市場の成長を牽引 "
精密農業市場の成長は、世界的な人口増加と限られた耕作地による食糧需要の増加が原動力となっている。精密農業技術は、効率的な資源利用、収量向上、コスト削減、データ主導の意思決定を可能にし、持続的に需要を満たすための農法を最適化する。政府や組織が持続可能な農業を優先する中、精密農業はこれらの目標に合致しているため、その採用がさらに加速され、環境への影響を最小限に抑えながら食糧生産を増大させる極めて重要なソリューションとなっている。
"2023年から2031年の間に精密農業市場で最も高いCAGRを記録するのはサービス分野である。
精密農業市場拡大の主な原動力は、人件費削減のための最先端技術の迅速な統合である。さらに、農業におけるモノのインターネット（IoT）デバイスの利用拡大、精密農業に関連する大幅なコスト削減、気候変動と食糧需要への対応の必要性、精密農法に対する世界的な政府の支持などが、この成長に寄与している。とはいえ、最新の農業機器の初期費用が高いことや、農家の技術的熟練度が低いことなどの課題が、市場の発展を妨げると予想される。
「2023年から2031年の間に精密農業市場で最も高いCAGRを示す可変レート技術 "
可変レート技術（VRT）は、スタンドアロン型VRTと統合型可変レート技術の両方を含むため、予測期間中に最も高いCAGRで成長すると予測されている。これらの技術は、GPS/GNSSデバイスに組み込むことができます。VRT技術主導の農業ソリューションに不可欠な構成要素には、ハンドヘルド・コンピュータ、ソフトウェア、コントローラ、全地球測位システム（GPS）が含まれる。VRTテクノロジーは投入資材の適応性を高め、農家が特定の場所に投入する資材の量を調整することを可能にする。VRTベースのツールの中核構成要素は、コンピューター、ソフトウェア、コントローラー、差動全地球測位システム（DGPS）で構成されている。VRTは自律的に機能することも、GPS/GNSS統合と連動して機能することもできる。VRTを機器に実装すると、圃場全体にわたって投入資材の散布量を動的に調整できるようになり、投入資材の使用量と環境への影響を減らし、効率を高め、経済的な利点をもたらすような、現場に応じた圃場管理が容易になる。さらに、この技術は、機械投資、排水システムの配置、パドックのレイアウト、肥料の配分など、経営上の選択を支援し、全体的な生産性と収益性を向上させます。
「天候追跡・予測アプリケーションは2023年から2031年にかけて最も高いCAGRで成長する "
気象追跡・予測アプリケーションは、予測期間中に最も高いCAGRで成長する見込みである。これは極めて重要なパラメータである。精密農業のこの側面は、気温、降雨量、風速と風向き、日射量など、天候に関するリアルタイムな洞察を提供する。ハンドヘルド機器から現場気象観測所まで、さまざまなツールがこの用途に役立っている。天候追跡は、農家の家族の福祉と事業の継続の両方を守るため、厳しく潜在的に危険な状況を予測した積極的な意思決定を可能にする。
「アジア太平洋地域の精密農業市場は2023年から2031年にかけて最も高いCAGRを記録する
アジア太平洋地域の精密農業市場は、中国、日本、インド、ベトナム、韓国などの国々で最も重要な位置を占める農業分野での自動化に対する旺盛な需要に牽引され、大きな成長を目撃することになるだろう。中国、韓国、タイなどの技術先進国を含むアジア太平洋地域は、精密農業技術、特にドローンの採用が急増すると予想されている。さらに、日本を含むアジアの先進諸国は、自律走行トラクターの導入を優先している。急速な人口増加、利用可能な耕地、補助金を通じた政府の支援といった要因が重なり合い、アジア太平洋地域で精密農業が広く採用されている。注目すべきは、農業の自動化を促進する政府の取り組みが果たす重要な役割であり、この地域における精密農業市場の拡大を実質的に後押ししている。
主要参入企業のプロフィール
- 企業別：ティア1 = 35%、ティア2 = 40%、ティア3 = 25
- 役職別Cレベル・エグゼクティブ＝30％、ディレクター＝40％、その他（セールス、マーケティング、プロダクト・マネージャー、各組織のメンバー）＝30
- 地域別米州＝40％、欧州＝32％、アジア太平洋地域＝23％、その他の地域＝5
本レポートに掲載されている主要プレイヤー
精密農業市場は、Deere & Company（米国）、Trimble Inc.（米国）、AGCO Corporation（米国）、AgJunction LLC（米国）、Raven Industries, Inc.(米国）、AG Leader Technology社（米国）、Teejet Technologies社（米国）、Topcon社（米国）、Taranis社（イスラエル）、AgEagle Aerial Systems社（米国）、ec2ce社（スペイン）、Descartes Labs社（米国）、Granular社（米国）、Hexagon AB社（ブラジル）、Climate LLC社（米国）、CropX社（イスラエル）などである。
調査範囲
本レポートでは、精密農業市場について、技術（ガイダンス、リモートセンシング技術、可変レート技術）、用途（収量モニタリング、作物スカウティング、フィールドマッピング、可変レートアプリケーション、天候追跡と予測、在庫管理、農作業管理、財務管理）、提供（ハードウェア、ソフトウェア、サービス）、地域（南北アメリカ、ヨーロッパ、アジア太平洋、その他の地域）に基づく詳細な洞察を提供しています。
また、精密農業市場における市場促進要因、阻害要因、機会、課題についても包括的にレビューしています。また、これらの市場の量的側面に加えて質的側面もカバーしています。
レポートを購入する理由
本レポートは、市場全体とサブセグメントの収益数の最も近い近似値に関する情報を提供し、この市場のリーダー/新規参入者に役立ちます。本レポートは、利害関係者が競争状況を理解し、より多くの洞察を得ることで、事業の位置づけを高め、適切な市場参入戦略を計画するのに役立ちます。また、本レポートは、関係者が精密農業市場の脈動を理解し、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供するのに役立ちます。
本レポートは、以下のポイントに関する洞察を提供します：
- 主な促進要因（人件費削減のための精密農業における先端技術の急速な採用、農業分野でのモノのインターネット（IoT）デバイスの採用増加、精密農業に伴う大幅なコスト削減、気候変動と食糧需要の増加に対応する必要性、世界各国政府による精密農業技術の推進の増加、精密農業技術と既存の農業機械との統合）、阻害要因（精密農業機器の高コスト、小規模な土地保有と熟練労働者の限られた利用可能性；精密農業のためのインターネット接続とインフラの信頼性の低さ）、機会（農業業界における技術的に先進的な機器やツールの採用の増加、精密農業機器とスマートフォンアプリケーションの統合、精密農業におけるAIベースのソリューションの使用の増加、持続可能な農業への需要の高まりに伴うデジタル農業プラットフォームの使用の増加）、課題（複数の農場データの収集と分析の難しさ、精密農業業界における標準化の欠如、データプライバシーを欠き、セキュリティ上の懸念の増大）。
- 製品開発／イノベーション：精密農業市場における今後の技術、研究開発活動、新製品発売に関する詳細な洞察
- 市場開発：有利な市場に関する包括的な情報 - 当レポートは、様々な地域の精密農業市場を分析しています。
- 市場の多様化：精密農業市場における新製品、未開拓地域、最近の開発、投資に関する詳細な情報
- 競争力の評価：Deere & Company（米国）、Trimble Inc.（米国）、AGCO Corporation（米国）、AgJunction LLC（米国）、Raven Industries, Inc.(米国）、AG Leader Technology（米国）、Teejet Technologies（米国）、Topcon（米国）、Taranis（イスラエル）、AgEagle Aerial Systems Inc（米国）、ec2ce（スペイン）、Descartes Labs, Inc.（米国）、Granular Inc.（米国）、Hexagon AB（ブラジル）、Climate LLC（米国）、CropX Inc.（イスラエル）など。

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1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 MARKET SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 PRECISION FARMING MARKET: SEGMENTATION 32
1.3.2 REGIONAL SCOPE 33
1.3.3 INCLUSIONS AND EXCLUSIONS 33
1.3.4 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 34
1.5 STAKEHOLDERS 34
1.6 SUMMARY OF CHANGES 35
1.7 RECESSION IMPACT 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 PRECISION FARMING MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY DATA 38
2.1.1.1 Secondary sources 38
2.1.2 PRIMARY DATA 39
2.1.2.1 Primary interviews with experts 39
2.1.2.2 Breakdown of primary interviews 39
2.1.2.3 Key data from primary sources 40
2.1.2.4 Key industry insights 40
2.2 MARKET SIZE ESTIMATION 41
FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION 41
2.2.1 TOP-DOWN APPROACH 41
2.2.1.1 Approach to capture market size by top-down analysis (supply side) 42
FIGURE 5 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY APPROACH 1 (SUPPLY SIDE) 43
FIGURE 6 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY APPROACH 2 (SUPPLY SIDE) 43
2.2.2 BOTTOM-UP APPROACH 44
2.2.2.1 Approach to capture market size by bottom-up analysis
(demand side) 44
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 45
2.3 GROWTH FORECAST 45
2.4 DATA TRIANGULATION 46
FIGURE 9 DATA TRIANGULATION METHODOLOGY 47
2.5 RESEARCH ASSUMPTIONS 48
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 48
2.6 RESEARCH LIMITATIONS 48
2.7 RISK FACTORS 49
FIGURE 10 RISK ASSESSMENT 49
3 EXECUTIVE SUMMARY 51
FIGURE 11 PRECISION FARMING MARKET, 2019–2031 (USD MILLION) 51
FIGURE 12 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF PRECISION FARMING MARKET, BY OFFERING, DURING FORECAST PERIOD 52
FIGURE 13 GUIDANCE TECHNOLOGY TO CLAIM LARGEST MARKET SHARE DURING FORECAST PERIOD 52
FIGURE 14 YIELD MONITORING APPLICATION TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD 53
FIGURE 15 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL PRECISION FARMING MARKET DURING FORECAST PERIOD 54
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PRECISION FARMING MARKET 55
FIGURE 16 RISING PREFERENCE FOR PRECISION FARMING AMONG FARMERS/GROWERS TO OFFER GROWTH OPPORTUNITIES FOR MARKET PLAYERS 55
4.2 PRECISION FARMING MARKET, BY OFFERING 55
FIGURE 17 HARDWARE SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 55
4.3 PRECISION FARMING MARKET, BY APPLICATION 56
FIGURE 18 YIELD MONITORING SEGMENT TO HOLD LARGEST MARKET SHARE IN 2031 56
4.4 PRECISION FARMING MARKET, BY TECHNOLOGY 56
FIGURE 19 GUIDANCE TECHNOLOGY SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 56
4.5 COUNTRY-WISE PRECISION FARMING MARKET GROWTH 57
FIGURE 20 AMERICAS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Rapid adoption of advanced technologies in precision farming to reduce cost 59
5.2.1.2 Increased adoption of IoT devices in agricultural applications 59
5.2.1.3 High pressure on governments and farmers to meet surging demand for food 60
5.2.1.4 Integration of precision farming technologies into existing farm machinery 60
FIGURE 22 DRIVERS: PRECISION FARMING MARKET 61
5.2.2 RESTRAINTS 61
5.2.2.1 High costs of precision farming equipment 61
5.2.2.2 Small size of landholdings and limited availability of skilled workforce 61
FIGURE 23 RESTRAINTS: PRECISION FARMING MARKET 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 Adoption of data analytics in agriculture sector 62
5.2.3.2 Emergence of multiple user-friendly smartphone applications for farmers 63
5.2.3.3 Rising use of AI-based solutions in precision farming 63
5.2.3.4 Adoption of digital technologies in sustainable farming 63
FIGURE 24 OPPORTUNITIES: PRECISION FARMING MARKET 64
5.2.4 CHALLENGES 64
5.2.4.1 Difficulties in collecting and analyzing data from multiple farms 64
5.2.4.2 Lack of standardized protocols and technologies 64
5.2.4.3 Data privacy issues and security concerns 65
5.2.4.4 Lesser reliability of internet connectivity and infrastructure for precision farming 65
FIGURE 25 CHALLENGES: PRECISION FARMING MARKET 66
5.3 VALUE CHAIN ANALYSIS 66
FIGURE 26 PRECISION FARMING MARKET: VALUE CHAIN ANALYSIS 67
5.4 ECOSYSTEM MAPPING 68
TABLE 2 ROLE OF KEY PLAYERS IN PRECISION FARMING ECOSYSTEM 68
FIGURE 27 KEY PLAYERS IN PRECISION FARMING ECOSYSTEM 69
5.5 PRICING ANALYSIS 70
FIGURE 28 PRICING ANALYSIS OF PRECISION FARMING 70
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
FIGURE 29 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN PRECISION FARMING MARKET 72
5.7 TECHNOLOGY ANALYSIS 72
5.7.1 ARTIFICIAL INTELLIGENCE 72
5.7.2 IOT 73
5.7.3 AGRICULTURAL DRONES/UNMANNED AERIAL VEHICLES (UAVS) 73
5.7.4 BLOCKCHAIN TECHNOLOGY 73
5.7.5 AUTONOMOUS FARM MACHINERY 74
5.8 CASE STUDY ANALYSIS 74
5.8.1 ACCENTURE HELPS PROAGRICA GATHER CRITICAL AGRICULTURAL DATA INSIGHTS 74
5.8.2 AGCO HELPS FARMERS REDUCE INPUT COSTS AND ENHANCE REVENUE BY INTEGRATING FARMING EQUIPMENT INTO SINGLE PLATFORM 75
5.8.3 AGJUNCTION HELPS EFARMERS DEVELOP AFFORDABLE AUTOSTEER 75
5.9 PORTER’S FIVE FORCE ANALYSIS 76
TABLE 3 PORTER’S FIVE FORCES IMPACT ON PRECISION FARMING MARKET 76
FIGURE 30 PRECISION FARMING MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.9.1 INTENSITY OF COMPETITIVE RIVALRY 77
5.9.2 THREAT OF SUBSTITUTES 78
5.9.3 BARGAINING POWER OF BUYERS 78
5.9.4 BARGAINING POWER OF SUPPLIERS 79
5.9.5 THREAT OF NEW ENTRANTS 79
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 80
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
FIGURE 31 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS 80
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 80
5.10.2 BUYING CRITERIA 81
FIGURE 32 KEY BUYING CRITERIA FOR TOP THREE END USERS 81
TABLE 5 KEY BUYING CRITERIA, BY END USERS 81
5.11 TRADE ANALYSIS 82
5.11.1 IMPORT DATA 82
FIGURE 33 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8433, BY COUNTRY, 2018–2022 (USD MILLION) 82
TABLE 6 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8433, BY COUNTRY, 2018–2022 (USD MILLION) 82
5.11.2 EXPORT DATA 83
FIGURE 34 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8433, BY COUNTRY, 2018–2022 (USD MILLION) 83
TABLE 7 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8433, BY COUNTRY, 2018–2022 (USD MILLION) 83
5.12 PATENT ANALYSIS 84
TABLE 8 PRECISION FARMING MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2020–2023 84
TABLE 9 TOP 20 US PATENT OWNERS IN LAST 10 YEARS, 2013–2022 88
FIGURE 35 TOP 10 COMPANIES WITH LARGEST NUMBER OF PATENT APPLICATIONS FOR PRECISION FARMING, (2013–2022) 89
FIGURE 36 NUMBER OF PATENTS GRANTED FROM 2013–2022 89
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 90
5.14 REGULATORY LANDSCAPE 91
5.14.1 CARBON POLICY TRENDS IN AGRICULTURE 91
5.14.2 GROWING CLIMATE SOLUTIONS ACT 91
5.14.3 REGULATIONS IN PRECISION FARMING AND SMART GREENHOUSES 91
TABLE 10 REGULATIONS: PRECISION FARMING AND SMART GREENHOUSES 91
5.14.4 NORTH AMERICA 92
5.14.5 EUROPE 93
5.14.6 ASIA PACIFIC 94
5.14.6.1 China 94
5.14.6.2 India 96

TABLE 11 AGRICULTURE SUBSIDIES FOR INDIAN FARMERS FROM CENTRAL AND STATE GOVERNMENTS (USD BILLION) 97
5.14.6.3 Greenhouse farming subsidy in India 99
5.14.7 REST OF THE WORLD 101
6 PRECISION FARMING MARKET, BY OFFERING 102
6.1 INTRODUCTION 103
TABLE 12 PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 103
FIGURE 37 SERVICES SEGMENT TO RECORD HIGHEST CAGR IN PRECISION FARMING MARKET DURING FORECAST PERIOD 103
TABLE 13 PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 104
6.2 HARDWARE 104
TABLE 14 PRECISION FARMING MARKET, BY HARDWARE, 2019–2022 (USD MILLION) 104
TABLE 15 PRECISION FARMING MARKET, BY HARDWARE, 2023–2031 (USD MILLION) 104
TABLE 16 HARDWARE: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 105
TABLE 17 HARDWARE: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 105
TABLE 18 HARDWARE: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 105
TABLE 19 HARDWARE: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 106
6.2.1 AUTOMATION AND CONTROL SYSTEMS 106
TABLE 20 AUTOMATION AND CONTROL SYSTEMS: PRECISION FARMING MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION) 106
TABLE 21 AUTOMATION AND CONTROL SYSTEMS: PRECISION FARMING MARKET, BY DEVICE TYPE, 2023–2031 (USD MILLION) 107
TABLE 22 AUTOMATION AND CONTROL SYSTEMS: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 23 AUTOMATION AND CONTROL SYSTEMS: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 108
6.2.1.1 Displays 108
6.2.1.1.1 Ability to present complex data in user-friendly manner to boost demand 108
6.2.1.2 Guidance and steering systems 109
6.2.1.2.1 Strong focus on reducing fuel consumption and enhancing resource efficiency to drive market 109
6.2.1.3 GPS/GNSS devices 109
6.2.1.3.1 Rising use of GPS/GNSS devices in variable rate applications to drive market 109
6.2.1.4 Drones/UAVs 110
6.2.1.4.1 Increasing adoption of drones in identifying pests and weeds to fuel market growth 110
TABLE 24 DRONES/UAVS: PRECISION FARMING MARKET, BY VOLUME, 2019–2022 (MILLION UNITS) 111
TABLE 25 DRONES/UAVS: PRECISION FARMING MARKET, BY VOLUME, 2023–2031 (MILLION UNITS) 111
6.2.1.5 Irrigation controllers 111
6.2.1.5.1 Pressing need for efficient water management to drive market 111
6.2.1.6 Handheld mobile devices/handheld computers 112
6.2.1.6.1 Operational flexibility and ease of operation to foster segmental growth 112
6.2.1.7 Flow and application control devices 112
6.2.1.7.1 Rising focus of farmers on optimal resource management to contribute to market growth 112
6.2.1.8 Others 113
6.2.2 SENSING AND MONITORING DEVICES 113
TABLE 26 SENSING AND MONITORING DEVICES: PRECISION FARMING MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION) 113
TABLE 27 SENSING AND MONITORING DEVICES: PRECISION FARMING MARKET, BY DEVICE TYPE, 2023–2031 (USD MILLION) 114
TABLE 28 SENSING AND MONITORING DEVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 29 SENSING AND MONITORING DEVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 114
6.2.2.1 Yield monitors 115
6.2.2.1.1 High emphasis on improving profitability and sustainable farming practices to drive market 115
6.2.2.2 Soil sensors 115
6.2.2.2.1 Potential to provide real-time soil information for analysis to fuel demand 115
TABLE 30 SOIL SENSORS: PRECISION FARMING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION) 116
TABLE 31 SOIL SENSORS: PRECISION FARMING MARKET, BY SENSOR TYPE, 2023–2031 (USD MILLION) 116
6.2.2.2.2 Moisture sensors 116
6.2.2.2.3 Temperature sensors 117
6.2.2.2.4 Nutrient sensors 117
6.2.2.3 Water sensors 118
6.2.2.3.1 Contribution to optimized water management and reduced resource wastage to drive market 118
6.2.2.4 Climate sensors 118
6.2.2.4.1 Uncertainties related to weather and climate predictions to boost demand 118
6.3 SOFTWARE 118
TABLE 32 SOFTWARE: PRECISION FARMING MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 119
TABLE 33 SOFTWARE: PRECISION FARMING MARKET, BY DEPLOYMENT TYPE, 2023–2031 (USD MILLION) 119
TABLE 34 SOFTWARE: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 120
TABLE 35 SOFTWARE: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 120
TABLE 36 SOFTWARE: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 120
TABLE 37 SOFTWARE: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 121
6.3.1 LOCAL/WEB-BASED SOFTWARE 121
6.3.1.1 Easy accessibility of web-based delivery model to drive market 121
TABLE 38 LOCAL/WEB-BASED SOFTWARE: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 39 LOCAL/WEB-BASED SOFTWARE: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 122
6.3.2 CLOUD-BASED SOFTWARE 122
6.3.2.1 Growing popularity of software-as-a-service model to fuel demand for cloud technology 122
TABLE 40 CLOUD-BASED SOFTWARE: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 41 CLOUD-BASED SOFTWARE: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 123
6.4 SERVICES 124
TABLE 42 SERVICES: PRECISION FARMING MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION) 124
TABLE 43 SERVICES: PRECISION FARMING MARKET, BY SERVICE TYPE, 2023–2031 (USD MILLION) 124
TABLE 44 SERVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 45 SERVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 125
TABLE 46 SERVICES: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 125
TABLE 47 SERVICES: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 125
6.4.1 SYSTEM INTEGRATION AND CONSULTING SERVICES 126
6.4.1.1 Contribution to improved resource management and sustainable agriculture practices to drive market 126
TABLE 48 SYSTEM INTEGRATION AND CONSULTING SERVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 49 SYSTEM INTEGRATION AND CONSULTING SERVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 126
6.4.2 MANAGED SERVICES 127
6.4.2.1 Increasing demand for cloud-based software and platforms to contribute to market growth 127
TABLE 50 MANAGED SERVICES: PRECISION FARMING MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION) 127
TABLE 51 MANAGED SERVICES: PRECISION FARMING MARKET, BY SERVICE TYPE, 2023–2031 (USD MILLION) 127
TABLE 52 MANAGED SERVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 53 MANAGED SERVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 128
6.4.2.2 Farm operation services 128
6.4.2.3 Data services 129
6.4.2.4 Analytics services 129
6.4.3 CONNECTIVITY SERVICES 130
6.4.3.1 Ability to control precision farming technologies from centralized location to drive market 130
TABLE 54 CONNECTIVITY SERVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 55 CONNECTIVITY SERVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 130
6.4.4 ASSISTED PROFESSIONAL SERVICES 131
6.4.4.1 Significant focus on amplifying crop yields with optimized resource to create demand 131
TABLE 56 ASSISTED PROFESSIONAL SERVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 131
TABLE 57 ASSISTED PROFESSIONAL SERVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 131
6.4.4.2 Supply chain management services 131
6.4.4.3 Climate information services 132
6.4.4.4 Other assisted professional services 132
6.4.5 MAINTENANCE AND SUPPORT SERVICES 133
6.4.5.1 Increased operational efficiency and reduced disruptions to drive market 133
TABLE 58 MAINTENANCE AND SUPPORT SERVICES: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 59 MAINTENANCE AND SUPPORT SERVICES: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 134
7 PRECISION FARMING MARKET, BY TECHNOLOGY 135
7.1 INTRODUCTION 136
TABLE 60 PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 136
FIGURE 38 VARIABLE RATE TECHNOLOGY TO EXHIBIT HIGHEST CAGR IN PRECISION FARMING MARKET DURING FORECAST PERIOD 136
TABLE 61 PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 137
7.2 GUIDANCE TECHNOLOGY 137
7.2.1 ABILITY TO COLLECT VITAL INFORMATION DURING OPERATIONS TO RESULT IN HIGH ADOPTION 137
TABLE 62 GUIDANCE TECHNOLOGY: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 138
TABLE 63 GUIDANCE TECHNOLOGY: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 138
TABLE 64 GUIDANCE TECHNOLOGY: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 138
TABLE 65 GUIDANCE TECHNOLOGY: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 139
TABLE 66 GUIDANCE TECHNOLOGY: PRECISION FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 139
TABLE 67 GUIDANCE TECHNOLOGY: PRECISION FARMING MARKET, BY TYPE, 2023–2031 (USD MILLION) 139
7.2.2 GPS/GNSS-BASED GUIDANCE TECHNOLOGY 139
7.2.2.1 Growing requirement for high-precision field maps and geospatial databases to facilitate market growth 139
7.2.3 GIS-BASED GUIDANCE TECHNOLOGY 140
7.2.3.1 Integration of spatial data sources such as satellite imagery into farming tools to drive market 140
7.3 REMOTE SENSING TECHNOLOGY 141
7.3.1 SURGING DEMAND FOR COMPREHENSIVE REMOTE DATA COLLECTION TO BOOST DEMAND 141
TABLE 68 REMOTE SENSING TECHNOLOGY: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 142
TABLE 69 REMOTE SENSING TECHNOLOGY: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 143
TABLE 70 REMOTE SENSING TECHNOLOGY: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 143
TABLE 71 REMOTE SENSING TECHNOLOGY: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 143
TABLE 72 REMOTE SENSING TECHNOLOGY: PRECISION FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 143
TABLE 73 REMOTE SENSING TECHNOLOGY: PRECISION FARMING MARKET, BY TYPE, 2023–2031 (USD MILLION) 144
7.3.2 HANDHELD OR GROUND-BASED SENSING 144
7.3.2.1 High convenience of handheld sensors to boost demand 144
7.3.3 SATELLITE OR AERIAL SENSING 145
7.3.3.1 Increased need for data-rich insights to drive market 145
TABLE 74 TYPES OF SATELLITE REMOTE SENSING IMAGE RESOLUTION 146
7.4 VARIABLE RATE TECHNOLOGY 146
7.4.1 AMPLIFIED YIELD POTENTIAL AND MINIMIZED ENVIRONMENTAL IMPACT TO DRIVE MARKET 146
TABLE 75 VARIABLE RATE TECHNOLOGY: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 147
TABLE 76 VARIABLE RATE TECHNOLOGY: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 147
TABLE 77 VARIABLE RATE TECHNOLOGY: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 148
TABLE 78 VARIABLE RATE TECHNOLOGY: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 148
TABLE 79 VARIABLE RATE TECHNOLOGY: PRECISION FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 148
TABLE 80 VARIABLE RATE TECHNOLOGY: PRECISION FARMING MARKET, BY TYPE, 2023–2031 (USD MILLION) 148
7.4.2 MAP-BASED 149
7.4.2.1 Enhanced decision-making with data-driven insights to boost demand 149
7.4.3 SENSOR-BASED 149
7.4.3.1 Integration of sensor-powered IoT and AI solutions to drive market 149
8 PRECISION FARMING MARKET, BY APPLICATION 151
8.1 INTRODUCTION 152
TABLE 81 PRECISION FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 152
FIGURE 39 WEATHER TRACKING AND FORECASTING APPLICATIONS TO RECORD HIGHEST CAGR FROM 2023 TO 2031 153
TABLE 82 PRECISION FARMING MARKET, BY APPLICATION, 2023–2031 (USD MILLION) 153
8.2 YIELD MONITORING 154
8.2.1 INCREASING DEMAND FOR REAL-TIME DATA ON YIELDS AND HARVESTED CROPS TO STRENGTHEN SEGMENTAL GROWTH 154
TABLE 83 BENEFITS OF YIELD MONITORING 154
TABLE 84 YIELD MONITORING: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 155
TABLE 85 YIELD MONITORING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 156
TABLE 86 YIELD MONITORING APPLICATION: PRECISION FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 156
TABLE 87 YIELD MONITORING APPLICATION: PRECISION FARMING MARKET, BY TYPE, 2023–2031 (USD MILLION) 156
8.2.2 ON-FARM YIELD MONITORING 156
8.2.3 OFF-FARM YIELD MONITORING 157
8.3 CROP SCOUTING 158
8.3.1 RISING NEED TO MANAGE CROPS EFFECTIVELY TO BOOST DEMAND 158
TABLE 88 CROP SCOUTING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 158
TABLE 89 CROP SCOUTING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 159
8.3.2 PRE-SEEDING CROP SCOUTING 159
8.3.3 POST-SEEDING CROP SCOUTING 159
8.3.4 CROP MONITORING 159
8.4 FIELD MAPPING 160
8.4.1 INCREASING DEMAND FOR SOIL IDENTIFICATION TO SUPPORT MARKET GROWTH 160
TABLE 90 FIELD MAPPING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 160
TABLE 91 FIELD MAPPING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 161
TABLE 92 FIELD MAPPING APPLICATION: PRECISION FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 161
TABLE 93 FIELD MAPPING APPLICATION: PRECISION FARMING MARKET, BY TYPE, 2023–2031 (USD MILLION) 161
8.4.2 BOUNDARY MAPPING 161
8.4.3 DRAINAGE MAPPING 162

8.5 VARIABLE RATE APPLICATION 162
8.5.1 GROWING NEED FOR COST AND RESOURCE EFFICIENCY TO BOOST DEMAND 162
TABLE 94 VARIABLE RATE APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 163
TABLE 95 VARIABLE RATE APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 163
TABLE 96 VARIABLE RATE APPLICATION: PRECISION FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 163
TABLE 97 VARIABLE RATE APPLICATION: PRECISION FARMING MARKET, BY TYPE, 2023–2031 (USD MILLION) 164
8.5.2 PRECISION IRRIGATION 164
8.5.3 PRECISION SEEDING 164
8.5.4 PRECISION FERTILIZATION 164
8.5.4.1 Nitrogen VRA 165
8.5.4.2 Phosphorous VRA 166
8.5.4.3 Lime VRA 166
8.5.5 OTHER VARIABLE RATE APPLICATIONS 166
8.6 WEATHER TRACKING AND FORECASTING 167
8.6.1 INCREASING CLIMATE VARIABILITY TO DRIVE MARKET 167
TABLE 98 WEATHER TRACKING AND FORECASTING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 168
TABLE 99 WEATHER TRACKING AND FORECASTING APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 168
8.7 INVENTORY MANAGEMENT 168
8.7.1 GROWING DEMAND FOR GPS FOR INVENTORY MANAGEMENT TO PROPEL MARKET 168
TABLE 100 INVENTORY MANAGEMENT APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 169
TABLE 101 INVENTORY MANAGEMENT APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 169
8.8 FARM LABOR MANAGEMENT 169
8.8.1 INCREASING NEED FOR EFFECTIVE HANDLING OF LABOR TO DRIVE DEMAND 169
TABLE 102 FARM LABOR MANAGEMENT APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 170
TABLE 103 FARM LABOR MANAGEMENT APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 171
8.9 FINANCIAL MANAGEMENT 171
8.9.1 RISING USE OF FINANCIAL MANAGEMENT SOLUTIONS BY FARMERS OR GROWERS TO MAKE STRATEGIC DECISIONS TO DRIVE MARKET 171
TABLE 104 FINANCIAL MANAGEMENT APPLICATION: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 172
TABLE 105 FINANCIAL MANAGEMENT APPLICATION: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 172

8.10 OTHERS 172
TABLE 106 OTHERS: PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 173
TABLE 107 OTHERS: PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 173
9 PRECISION FARMING MARKET, BY REGION 174
9.1 INTRODUCTION 175
TABLE 108 PRECISION FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 175
FIGURE 40 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 175
TABLE 109 PRECISION FARMING MARKET, BY REGION, 2023–2031 (USD MILLION) 176
9.2 AMERICAS 177
9.2.1 IMPACT OF RECESSION ON MARKET IN AMERICAS 177
FIGURE 41 AMERICAS: PRECISION FARMING MARKET SNAPSHOT 178
TABLE 110 AMERICAS: PRECISION FARMING MARKET, 2019–2022 (USD MILLION) 178
TABLE 111 AMERICAS: PRECISION FARMING MARKET, 2023–2031 (USD MILLION) 179
TABLE 112 AMERICAS: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 179
TABLE 113 AMERICAS: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 179
TABLE 114 AMERICAS: PRECISION FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 179
TABLE 115 AMERICAS: PRECISION FARMING MARKET, BY APPLICATION, 2023–2031 (USD MILLION) 180
TABLE 116 AMERICAS: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 180
TABLE 117 AMERICAS: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 180
9.2.2 NORTH AMERICA 181
TABLE 118 NORTH AMERICA: PRECISION FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 181
TABLE 119 NORTH AMERICA: PRECISION FARMING MARKET, BY COUNTRY, 2023–2031 (USD MILLION) 181
9.2.2.1 US 182
9.2.2.1.1 Presence of established players in country to boost market 182
9.2.2.2 Canada 182
9.2.2.2.1 Favorable government initiatives to promote innovative agriculture activities to drive market 182
9.2.2.3 Mexico 183
9.2.2.3.1 Growing collaborations among players and supportive government initiatives to fuel market 183
9.2.3 SOUTH AMERICA 184
TABLE 120 SOUTH AMERICA: PRECISION FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 184
TABLE 121 SOUTH AMERICA: PRECISION FARMING MARKET, BY COUNTRY, 2023–2031 (USD MILLION) 184
9.2.3.1 Brazil 185
9.2.3.1.1 Increasing adoption of autonomous harvesting technology by commercial farmers to drive growth 185
9.2.3.2 Argentina 185
9.2.3.2.1 High agricultural production, along with large agricultural machinery manufacturing, to boost market 185
9.2.3.3 Rest of South America 186
9.3 EUROPE 186
9.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE 186
FIGURE 42 EUROPE: PRECISION FARMING MARKET SNAPSHOT 187
TABLE 122 EUROPE: PRECISION FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 187
TABLE 123 EUROPE: PRECISION FARMING MARKET, BY COUNTRY, 2023–2031 (USD MILLION) 188
TABLE 124 EUROPE: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 188
TABLE 125 EUROPE: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 188
TABLE 126 EUROPE: PRECISION FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 189
TABLE 127 EUROPE: PRECISION FARMING MARKET, BY APPLICATION, 2023–2031 (USD MILLION) 189
TABLE 128 EUROPE: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 189
TABLE 129 EUROPE: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 190
9.3.2 UK 190
9.3.2.1 Active participation of universities in UK to develop advanced precision farming tools to drive market growth 190
9.3.3 GERMANY 190
9.3.3.1 Technological advancements in agriculture sector to drive market 190
9.3.4 FRANCE 191
9.3.4.1 Increasing startup companies in agriculture sector to support market growth 191
9.3.5 ITALY 192
9.3.5.1 Rapid agricultural innovations in country to drive market 192
9.3.6 NETHERLANDS 192
9.3.6.1 Launch of harvesting robots to offer lucrative opportunities 192
9.3.7 REST OF EUROPE 192
9.4 ASIA PACIFIC 193
9.4.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC 193
FIGURE 43 ASIA PACIFIC: PRECISION FARMING MARKET SNAPSHOT 194
TABLE 130 ASIA PACIFIC: PRECISION FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 195
TABLE 131 ASIA PACIFIC: PRECISION FARMING MARKET, BY COUNTRY, 2023–2031 (USD MILLION) 195
TABLE 132 ASIA PACIFIC: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 195
TABLE 133 ASIA PACIFIC: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 196
TABLE 134 ASIA PACIFIC: PRECISION FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 196
TABLE 135 ASIA PACIFIC: PRECISION FARMING MARKET, BY APPLICATION, 2023–2031 (USD MILLION) 197
TABLE 136 ASIA PACIFIC: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 197
TABLE 137 ASIA PACIFIC: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 197
9.4.2 CHINA 198
9.4.2.1 Government incentives and developments in agriculture field to drive market 198
9.4.3 JAPAN 198
9.4.3.1 Application of precision technology through robotic equipment to drive market 198
9.4.4 AUSTRALIA 199
9.4.4.1 Initiatives by organizations for development of agriculture sector to drive market 199
9.4.5 INDIA 199
9.4.5.1 Government initiatives and growing collaborations among players to benefit market 199
9.4.6 SOUTH KOREA 200
9.4.6.1 Establishment of smart farming villages with advanced technologies to drive market 200
9.4.7 REST OF ASIA PACIFIC 200
9.5 REST OF THE WORLD 201
9.5.1 IMPACT OF RECESSION ON MARKET IN REST OF THE WORLD 201
TABLE 138 REST OF THE WORLD: PRECISION FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 201
FIGURE 44 RUSSIA HELD LARGEST MARKET SHARE IN REST OF THE WORLD IN 2022 202
TABLE 139 REST OF THE WORLD: PRECISION FARMING MARKET, BY COUNTRY, 2023–2031 (USD MILLION) 202
TABLE 140 REST OF THE WORLD: PRECISION FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 202
TABLE 141 REST OF THE WORLD: PRECISION FARMING MARKET, BY OFFERING, 2023–2031 (USD MILLION) 203
TABLE 142 REST OF THE WORLD: PRECISION FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 203
TABLE 143 REST OF THE WORLD: PRECISION FARMING MARKET, BY APPLICATION, 2023–2031 (USD MILLION) 204
TABLE 144 REST OF THE WORLD: PRECISION FARMING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 204
TABLE 145 REST OF THE WORLD: PRECISION FARMING MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION) 204
9.5.2 MIDDLE EAST 205
9.5.2.1 Growing partnership by government with private sector players in precision farming market to drive market 205
9.5.3 AFRICA 205
9.5.3.1 Growing use of drones and other agricultural machinery to strengthen market in Africa 205
9.5.4 RUSSIA 206
9.5.4.1 Government initiatives to promote precision farming to drive market 206
10 COMPETITIVE LANDSCAPE 207
10.1 OVERVIEW 207
10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 207
TABLE 146 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PRECISION FARMING PROVIDERS 207
10.2.1 PRODUCT PORTFOLIO 208
10.2.2 REGIONAL FOCUS 209
10.2.3 MANUFACTURING FOOTPRINT 209
10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 209
10.3 MARKET SHARE ANALYSIS, 2022 209
TABLE 147 PRECISION FARMING MARKET: DEGREE OF COMPETITION, 2022 210
10.4 FIVE-YEAR COMPANY REVENUE ANALYSIS OF TOP COMPANIES, 2018–2022 211
FIGURE 45 FIVE-YEAR COMPANY REVENUE ANALYSIS OF LEADING MARKET PLAYERS 211
10.5 COMPANY EVALUATION MATRIX, 2022 213
10.5.1 STARS 213
10.5.2 EMERGING LEADERS 214
10.5.3 PERVASIVE PLAYERS 214
10.5.4 PARTICIPANTS 214
FIGURE 46 PRECISION FARMING: COMPANY EVALUATION MATRIX, 2022 215
10.5.5 PRECISION FARMING MARKET: COMPANY FOOTPRINT 216
TABLE 148 COMPANY FOOTPRINT 216
TABLE 149 OFFERING FOOTPRINT 217
TABLE 150 APPLICATION FOOTPRINT 218
TABLE 151 REGION FOOTPRINT 219
10.6 STARTUPS/SMES EVALUATION MATRIX, 2022 220
10.6.1 PROGRESSIVE COMPANIES 220
10.6.2 RESPONSIVE COMPANIES 220
10.6.3 DYNAMIC COMPANIES 220
10.6.4 STARTING BLOCKS 220
FIGURE 47 PRECISION FARMING MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022 221
10.7 COMPETITIVE BENCHMARKING 222
TABLE 152 PRECISION FARMING MARKET: LIST OF KEY STARTUPS 222
TABLE 153 PRECISION FARMING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 223

10.8 COMPETITIVE SCENARIOS AND TRENDS 223
10.8.1 PRODUCT LAUNCHES 223
TABLE 154 PRECISION FARMING MARKET: PRODUCT LAUNCHES, 2020–2023 224
10.8.2 DEALS 226
TABLE 155 PRECISION FARMING MARKET: DEALS, 2020–2023 226
11 COMPANY PROFILES 230
11.1 KEY PLAYERS 230
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 DEERE & COMPANY 230
TABLE 156 DEERE & COMPANY: COMPANY OVERVIEW 230
FIGURE 48 DEERE & COMPANY: COMPANY SNAPSHOT 231
11.1.2 TRIMBLE INC. 236
TABLE 157 TRIMBLE INC.: COMPANY OVERVIEW 236
FIGURE 49 TRIMBLE INC.: COMPANY SNAPSHOT 237
11.1.3 AGCO CORPORATION 245
TABLE 158 AGCO CORPORATION: COMPANY OVERVIEW 245
FIGURE 50 AGCO CORPORATION: COMPANY SNAPSHOT 246
11.1.4 RAVEN INDUSTRIES, INC. (CNH INDUSTRIAL N.V.) 251
TABLE 159 RAVEN INDUSTRIES, INC.: COMPANY OVERVIEW 251
FIGURE 51 RAVEN INDUSTRIES, INC. (CNH INDUSTRIAL N.V.): COMPANY SNAPSHOT 252
11.1.5 AGJUNCTION LLC 257
TABLE 160 AGJUNCTION LLC: COMPANY OVERVIEW 257
11.1.6 AG LEADER TECHNOLOGY 262
TABLE 161 AG LEADER TECHNOLOGY: COMPANY OVERVIEW 262
11.1.7 AGEAGLE AERIAL SYSTEMS INC 265
TABLE 162 AGEAGLE AERIAL SYSTEMS INC: COMPANY OVERVIEW 265
FIGURE 52 AGEAGLE AERIAL SYSTEMS INC: BUSINESS OVERVIEW 266
11.1.8 TOPCON 269
TABLE 163 TOPCON: COMPANY OVERVIEW 269
11.1.9 CLIMATE LLC 273
TABLE 164 CLIMATE LLC: BUSINESS OVERVIEW 273
11.1.10 TEEJET TECHNOLOGIES 276
TABLE 165 TEEJET TECHNOLOGIES: COMPANY OVERVIEW 276

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Table of Contents

Summary

The global precision farming market is projected to grow from USD 9.7 billion in 2023 to USD 21.9 billion by 2031; it is expected to grow at a CAGR of 10.7% from 2023 to 2031.
“ Increasing demand for global food production to drive the growth of precision farming market”
The growth of the precision farming market is driven by rising food demand due to global population growth and limited arable land. Precision farming technologies enable efficient resource utilization, yield enhancement, reduced costs, and data-driven decision-making, optimizing agricultural practices to meet demand sustainably. As governments and organizations prioritize sustainable agriculture, precision farming’s alignment with these goals further accelerates its adoption, making it a pivotal solution in increasing food production while minimizing environmental impact.
“ Services segment to record highest CAGR in the precision farming market between 2023 and 2031”
The primary driver behind the expansion of the precision farming market is the swift integration of cutting-edge technologies to lower labor expenses. Additionally, the growing utilization of Internet of Things (IoT) devices in farming, significant cost savings linked to precision farming, the imperative to address climate change and food demand, and global governmental advocacy for precision farming methods contribute to this growth. Nonetheless, challenges such as the initial high costs of modern agricultural equipment and the constrained technical proficiency of farmers are anticipated to impede market advancement.
“Variable Rate Technology To exhibit Highest CAGR in the precision farming market between 2023 and 2031 ”
Variable Rate Technology (VRT) is projected to grow at the highest CAGR during the forecast period, as it encompasses both standalone VRT and integrated variable rate technologies. These technologies can be incorporated into GPS/GNSS devices. The essential components of VRT technology-driven agricultural solutions encompass a handheld computer, software, controller, and global positioning system (GPS). VRT technology empowers the adaptable application of inputs, enabling farmers to regulate input quantities for specific locations. The core constituents of the VRT-based tool consist of a computer, software, controller, and differential global positioning system (DGPS). VRT can function autonomously or in tandem with GPS/GNSS integration. When implemented on equipment, VRT allows for dynamic adjustment of input application rates across fields, facilitating site-specific field management to reduce input usage and environmental impact, enhance efficiency, and confer economic advantages. Furthermore, this technology aids in management choices, encompassing machinery investment, drainage system deployment, paddock layouts, and fertilizer allocation, thereby augmenting overall productivity and profitability enhancements.
“Weather Tracking and Forecasting application to grow at highest CAGR from 2023 to 2031 ”
Weather tracking and forecasting application is expected to grow at the highest CAGR during the forecast period. It is a pivotal parameter. This facet of precision farming furnishes real-time insights into prevalent weather conditions encompassing temperature, rainfall, wind speed and direction, and solar radiation. A variety of tools, ranging from handheld devices to on-field weather stations, find utility in this application. Weather tracking enables proactive decision-making in anticipation of severe and potentially hazardous conditions, safeguarding both the welfare of farmers' families and the continuity of their businesses.
“The precision farming market APAC to register highest CAGR from 2023-2031
The precision farming market in the Asia-Pacific region is set to witness significant growth, driven by a robust demand for automation within the agricultural sector, which holds paramount importance in countries like China, Japan, India, Vietnam, and South Korea. Asia Pacific, encompassing technologically advanced nations like China, South Korea, and Thailand, is expected to experience a surge in the adoption of precision farming technologies, notably drones. Furthermore, developed countries in Asia, including Japan, prioritize implementing autonomous tractors. The confluence of factors such as rapid population growth, available arable land, and government support through subsidies collectively contribute to the widespread adoption of precision farming across Asia Pacific. Noteworthy is the significant role played by governmental initiatives that promote agricultural automation, substantively driving the expansion of the precision farming market in this region.
Breakdown of profiles of primary participants:
• By Company: Tier 1 = 35%, Tier 2 = 40%, and Tier 3 = 25%
• By Designation: C-level Executives = 30%, Directors = 40%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 30%
• By Region: Americas = 40%, Europe=32%, Asia Pacific= 23%, and Rest of the World=5%
Major players profiled in this report:
The precision farming market is dominated by established players such as Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), AgJunction LLC (US), Raven Industries, Inc. (US), AG Leader Technology (US), Teejet Technologies (US), Topcon (US), Taranis (Israel), AgEagle Aerial Systems Inc (US), ec2ce (Spain), Descartes Labs, Inc. (US), Granular Inc. (US), Hexagon AB (Brazil), Climate LLC (US), and CropX Inc. (Israel).
Research coverage
This report offers detailed insights into the precision farming market based on Technology (Guidance, Remote Sensing Technology and Variable Rate Technology), Application (Yield Monitoring, Crop Scouting, Field Mapping, Variable Rate Application, Weather tracking and Forecasting, Inventory Management, Farm Labor Management, and Financial Management ), Offering (Hardware, Software and Services) and Geography (Americas, Europe, Asia Pacific, and Rest of the World).
The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the precision farming market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reasons to buy the report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the precision farming market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Rapid adoption of advanced technologies in precision farming to reduce labor cost; Increased adoption of Internet of Things (IoT) devices in agricultural fields; Substantial cost savings associated with precision farming; Climate change and need to meet rising demand for food; Increasing promotion of precision farming techniques by governments worldwide; Integration of precision farming technologies with existing farm machinery), restraints (High costs of precision farming equipment; Small size of landholdings and limited availability of skilled labor; Lesser reliability of internet connectivity and infrastructure for precision farming), opportunities (Growing adoption of technologically advanced equipment and tools in agriculture industry; Integration of smartphone applications with precision farming equipment; Rising use of AI-based solutions in precision farming; Rising usage of digital agricultural platforms along with rising demand for sustainable agriculture) and challenges (Difficulty in collecting and analyzing multiple farm data; Lack of standardization in precision farming industry; Lacking data privacy and increased security concerns).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the precision farming market
• Market Development: Comprehensive information about lucrative markets – the report analyses the precision farming market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the precision farming market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), AgJunction LLC (US), Raven Industries, Inc. (US), AG Leader Technology (US), Teejet Technologies (US), Topcon (US), Taranis (Israel), AgEagle Aerial Systems Inc (US), ec2ce (Spain), Descartes Labs, Inc. (US), Granular Inc. (US), Hexagon AB (Brazil), Climate LLC (US), and CropX Inc. (Israel).

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ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

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