The North American precision farming market was expected to be valued at USD 2.41 billion in 2024 and is anticipated to reach USD 2.70 billion in 2025 from USD 6.74 billion by 2033, growing at a CAGR of 12.1% during the forecast period from 2025 to 2033.
Precision farming is one of the advanced farming techniques. It involves measuring, observing, and responding to the variability in crops, farming field, and weather. The objective of precision farming is to aid the farmers in making precise decisions and to increase the output to input ratio through the optimal use of resources.
It reduces human efforts in the field through the use of automated and semi-automated agricultural devices which can be controlled from a distance with the help of remote sensing and satellite guiding technology. With the use of installed sensors in the field, temperature, soil humidity, and soil nutrient levels can be analyzed and take appropriate actions.
The increasing use of cloud-based technology, the growing adoption rate of modern farming techniques to enhance productivity, and growing food demand are the major factors driving the precision agriculture market. The increasing need to increase food production in the available agricultural land and government initiatives to increase the usage of modern technologies in agriculture are propelling the market growth. However, the requirement of high initial investment and lack of proper awareness among the farmers are hindering market growth.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2024 to 2033 |
|
Base Year |
2024 |
|
Forecast Period |
2025 to 2033 |
|
CAGR |
12.1% |
|
Segments Covered |
By Offering, Technology, Application and Country. |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
The U.S, Mexico, Brazil, Rest of North America |
|
Market Leaders Profiled |
Raven Industries, Deere & Company, AGCO Corporation, Trimble Navigation Ltd, Monsanto Company, Dupont, Agjunction, Inc, Precision Planting, Inc, SST Development Group, and Dickey-john Corporation. |
Irrigation management holds the largest market share in the precision farming market due to the increasing scarcity of water and increasing adoption of micro-irrigation control systems in agriculture. However, yield monitoring is expected to be the fastest-growing segment due to the growing food demand with the rapidly growing population.
On the basis of region, the North America Precision Farming market is segmented into the USA and Canada. The USA leads the market in this region due to the presence of many key manufacturers of precision farming equipment and high technological awareness among people in this region.
Some of the major players in the Precision Farming market are Raven Industries, Deere & Company, AGCO Corporation, Trimble Navigation Ltd, Monsanto Company, Dupont, Agjunction, Inc, Precision Planting, Inc, SST Development Group, and Dickey-john Corporation.
This research report on the North American precision farming market is segmented and sub-segmented into the following categories.
By Offering Insights
By Technology Insights
By Application Insights
By Country
Frequently Asked Questions
Precision farming uses technology like GPS, sensors, and data analytics to optimize crop yields and resource use. In North America, it helps increase productivity, reduce waste, and support sustainable agriculture.
Key technologies include GPS-guided equipment, drones, remote sensing, variable rate technology (VRT), and farm management software.
Leading companies include Deere & Company, Trimble Inc., AGCO Corporation, Raven Industries, and Topcon Positioning Systems.
Rising demand for food, increased adoption of smart agriculture tools, government support, and the need for cost-efficient farming methods are major growth drivers.
High initial investment costs, lack of technical knowledge among farmers, and data privacy concerns are some of the main challenges.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region