Exploring Precision Agriculture Market : Rising Trends, Opportunities and Challenges

Precision Agriculture Market Overview

As per recent research by MarkNtel Advisors, the global Precision Agriculture Market size was valued at around USD 10.43 billion in 2023 and is projected to grow at a CAGR of around 13% during the forecast period, i.e., 2024-30.

Precision Agriculture Market Dynamics

Market Drivers : Need for Sustainable Farming Practices Driving Market Growth –

The global market for precision agriculture is growing due to the increased demand for sustainable agricultural practices. Using efficient and sustainable farming methods is becoming increasingly essential as concerns regarding resource shortages, climate change, and environmental degradation rise. This requirement is met by using precision agriculture, which gives farmers the capacity to use assets like water, fertilizer, and insecticides as effectively as feasible.

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Precision Agriculture Market Segmentation Overview 2024-2030: Key Factors

By Offering

-Hardware

-Automation and Control System

-GPS/GNSS System

-Guidance and Steering System

-Flow and Application Rate Control Solutions

-Handheld Computers/ Mobile devices

-Agriculture Cameras

-Others

-Sensing and Monitoring

-Yield Monitors

-Sensing Systems

-Other Hardware

-Software

-Services

-Integration and Deployment

-Maintenance and Repair

-Other Services

By Application

-Precision Irrigation

-Field Monitoring

-Precision Spraying

-Precision Fertilization

-Precision Planting

-Data Management

-Other Applications

By Agricultural Produce

-Cereals

-Oil Crops

-Roots, Tuber, and Plantains

-Industrial Crops

-Fruits

-Vegetables

-Nuts

-Others

By Technology

-Guidance System

-Variable Rate Technology (VRT)

-Remote Sensing

-Data Analytics

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Precision Agriculture Market Geographical Insights:

By Region:

-North America

-Latin America

-Europe

-Middle East & Africa

-Asia-Pacific

Key Players and Competitive Strategies in the Precision Agriculture Market

Several prominent players dominate the Precision Agriculture Market, including:

  • Deere & Company
  • CropMetrics LLC
  • Trimble Navigation Limited
  • Ag Leader Technology
  • AgJunction, Inc.
  • AgEagle Aerial Systems Inc. (Agribotix LLC)
  • DICKEY-john Corporation
  • Farmers Edge Inc.

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Questions Addressed in this Study

1.How big is the Precision Agriculture Market Size?

2.What is the Precision Agriculture Market Growth?

3.Who are the key players of the Precision Agriculture Market?

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