Middle East And Africa Precision Agriculture Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Technology, Offering, Application And By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis From (2024 to 2029)

Updated On: June, 2024
ID: 3510
Pages: 145

Middle East and Africa Precision Agriculture Market Size (2024 to 2029)

The Middle East and Africa precision agriculture market size is expected to reach USD 1.25 billion in 2024 and reach USD 2.18 billion by 2029, growing at a CAGR of 11.7% from 2024 to 2029.

Precision agriculture is a modern-day agricultural practice that uses various appliances to observe and measure the variability in crops and enables farmers to respond to those changes. The major objective of precision agriculture is to make decision making regarding the management of farms and optimize the resources to be used.

The practice of precision farming is possible due to the introduction of Global Positioning Systems (GPS). The ability to locate precise positions made it easy to create spatial variability maps of soil humidity, nutrient levels, yield of crops, and topography of the land. This data can be used to reduce the wastage during resource distribution.

The availability of unmanned aerial vehicles, optimized returns for inputs, and sustainable farming are expected to propel the precision agriculture market. An increase in demand for new agricultural practices to increase productivity and the rapid growth of population are also driving the market growth. Unaffordable costs of equipment by farmers in middle- and low-income countries and lack of awareness among the farmers are the major restraining factors for the precision agriculture market.

SEGMENT ANALYSIS

Middle East and Africa Precision Agriculture Market Analysis By Offering

  • Hardware
    • Automation & control system
      • Display
      • Guidance & Steering
      • GPS system
      • Drones
      • Mobile devices
      • flow & application control devices
    • Sensing & Monitoring devices
      • Yield Monitors
      • Water sensors
      • Soil Sensors
      • climate sensors
  • Software
    • Web-based
    • cloud-based software
  • Services

Cloud-based software is rapidly gaining popularity and is the fastest-growing segment.

Middle East and Africa Precision Agriculture Market Analysis By Technology

  • Guidance system
  • Variable rate technology
  • remote sensing

Guidance systems are the largest market segment, and they include GPS and GIS, which are essential in precision farming.

Middle East and Africa Precision Agriculture Market Analysis By Application

  • Field Mapping
  • Crop Scouting
  • Weather Tracking & Forecasting
  • Inventory Management
  • Yield Monitoring
  • Irrigation Management
  • Farm Labor Management
  • Financial Management

Irrigation management is expected to be the fastest-growing segment due to the increasing scarcity of water.

COUNTRY ANALYSIS

  • KSA
  • UAE
  • Israel
  • Rest Of GCC Countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • Rest Of MEA

Based on geography, the market for precision agriculture is analyzed under the Middle East and Africa regions. This region offers a diverse and large agricultural market. Water scarcity in countries of Middle Eastern countries driving farmers towards the use of modern agricultural practices is expected to propel the market for precision agriculture in this region. Developing countries in the African region, such as South Africa, are rapidly adapting to the use of technology in agriculture, which is also expected to drive the market.

KEY PLAYERS IN THE MIDDLE EAST AND AFRICA PRECISION AGRICULTURE MARKET

Major companies in the market for precision agriculture are Trimble, Inc. (U.S.), Deere & Company (U.S.), AJ Junction, Inc. (U.S.), Leica Geosystems (Switzerland), AgSmarts Inc., Monsanto Company, CropMetrics LLC and Dickey-John Corporation.

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