Precision Farming Market size was valued at US$ 7.58 Billion in 2021 and the total precision farming revenue is expected to grow at 12.9% through 2022 to 2029, reaching nearly US$ 20.02 Billion.

Precision Farming Market Overview:

Maximize Market Research's Precision Farming Market Report offers readers an appraisal of the worldwide market landscape via the use of a complete viewpoint. This study on the Precision Farming Market examines the conditions from 2022 to 2029, with 2021 serving as the base year. By utilizing a variety of data given in the study, this research supports users in making key business decisions.

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Market Scope:

This market study on Precision Farming is based on a thorough evaluation of the market, which is supported by secondary and primary sources. A country-by-country model mapping of Precision Farming using internal and external sensitive facts, as well as applicable patent and regulatory sources, determine market volume. The competitive scenario of the Precision Farming market is supported by an assessment of the numerous components that influence the market on both a micro and macro level. Researchers in the Precision Farming market make predictions and predictions, as well as calculate market forecasts, by thoroughly reviewing historical data, current trends, and significant company statements.

Drivers:

The need for more effective crop health monitoring and rising government support for the adoption of new agricultural practises are both expected to drive market expansion. By 2029, a large market share for cloud-based software is anticipated because it saves money, reduces energy use, and offers enormous amounts of data storage. Farmers can now work more productively and profitably thanks to advancements in GPS mapping and related farming applications. In agriculture, where they are frequently used to monitor irrigation systems, drones are growing in popularity. Because it identifies soil characteristics that might be used to boost yields, yield monitoring is frequently used in soil monitoring.

Segmentation:

By Offering: Hardware, software, and services comprise the further sub-segments of the precision farming market. The market for precision agricultural equipment is anticipated to reach its peak in 2029. Hardware, software, and services make up the three segments that make up the precision farming market. Hardware held the largest market share in 2021 as a result of the widespread use of automation and control devices, including drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors.

The market for precision farming hardware is likely to expand as a result of people using new technologies and better precision farming equipment more frequently. The market for precision farming services is anticipated to grow at the fastest CAGR during the anticipated time frame (2022-2029).

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Key Players:

Depending on the client's subscription period, this report includes market monitoring for a specific area of the clients' needs and provides up-to-date information about business strategies such as mergers, acquisitions, collaborations, expansions, and new products for top companies on a regional scale for various markets. Our data is regularly updated and modified by a team of research specialists to reflect the most current events and facts. We have extensive expertise in research and consulting for a wide variety of business disciplines to meet the demands of both individual and corporate clients. Our experienced employees make use of proprietary data sources as well as a variety of other ways. The key figures in the Precision Farming market...

• Deere Company
• AGCO Corporation
• Trimble
• Raven Industries
• Topcon Positioning
• AgJunction
• Observant
• Granular Inc
• Agrivi Ltd.
• Monsanto Company
• Dickey-John Corporation
• Ag Leader Technology
• CNH Industrial NV
• SST Development Group.
• Trimble Navigation Limited
• Tetra Laval Holdings B.V.

Regional Analysis:

North America (which includes the United States, Canada, and Mexico), Europe (which includes Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (which includes China, Japan, Korea, India, and Southeast Asia), South America (which includes Brazil, Argentina, and Colombia), the Middle East, and Africa have all been discussed (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The research gave information on regional competitive conditions. These insights assist market players in improving their approaches and opening up new chances to create incredible achievements.

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COVID-19 Impact Analysis on Precision Farming Market:

The Global Precision Farming Market Research Report delivers a market overview based on important aspects such as market size, sales, sales analysis, and significant drivers. During the forecast period, the market is predicted to increase rapidly (2022-2029). In addition, this document presents the most recent COVID-19 market implications. The outbreak's spread has had a wide-ranging impact on people's lives all over the world. As a result, markets have been forced to adopt new norms, trends, and strategies. The study report essentially would provide a picture of the market's initial and future forecasts.

Key Questions Answered in the Precision Farming Market Report are:  

• Have there been any new competitive developments in the Precision Farming market?
• What are Precision Farming 's market size and market share?
• Where can I get sample reports or company profiles for the Precision Farming market?
• Who are the potential clients in the Precision Farming market?
• Who are the most powerful players in the Precision Farming market?
• How can I obtain business profiles for the top ten businesses in the Precision Farming market?
• Which region has the most commercial potential for Precision Farming now and in the future?
• What are the key expansion strategies of Precision Farming industry participants?

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