Precision Farming/Agriculture Market Growing Demand for Precision Farming Solutions Drives 2028

According to the current analysis of Reports and Data, the global precision Farming/Agriculture market was valued at USD 6.33 Billion in 2020 and is expected to reach USD 17.05 Billion by the year 2028, at a CAGR of 12.7%. This high growth is mainly attributable to an increasing usage of GPS & GIS systems to monitor agricultural parameters. These field mapping systems help to gather real-time data and enable the analysis of a huge geospatial data set. These systems facilitate field mapping, soil sampling, and farm planning and help farmers to adopt effective soil or plant treatment strategies, increasing farm production. In addition, sensors are placed throughout the field that measure temperature, nutrition level and humidity of the soil. Therefore, the technology eliminates manual human efforts by automating crucial processes including real-time farm monitoring and information sharing.

Precision Farming/Agriculture is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance the productivity and crop yield. Another factor contributing to the precision Farming/Agriculture market growth is the huge use of drones and aircrafts for precision Farming/Agriculture operations. Drones have emerged as an excellent alternative to the traditional surveying & data gathering methods in agricultural operations. By using drones for crop monitoring, farm owners can significantly lower their production costs and reduce required the man-hours and work-load The players operating in the market are developing modern agriculture-focused drones with sophisticated precision & accuracy to increase productivity.

The major factors driving the precision Farming/Agriculture technology is the growing use of cloud-based technology, rising use of smart phones and the increasing application of technology in Farming/Agriculture with the aim of minimizing the human efforts and losses. Additionally, the need to maximize food production by the optimum use of resources is spurring the market growth globally. Further, the government incentives and subsidies towards increasing the productivity and conserving the environment is expected to catalyze the demand for precision Farming/Agriculture. Some of the other factors affecting the overall growth of the market are changing climatic conditions, rapid urbanization and the expanding application of navigation systems

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Guidance systems play a crucial role in automating and remotely operating devices and vehicles using GPS technology. By determining the vehicle’s current posture, comparing it to the desired posture, and making appropriate steering adjustments, these systems direct the vehicle towards the intended path.

In the context of agriculture, guidance systems are primarily used for agricultural vehicle guidance. They enable farmers to automate their equipment and control their movements precisely. With the assistance of GPS technology, these systems provide accurate positioning information, allowing for efficient and precise farming operations.

One of the significant advantages of guidance technology in agricultural vehicles is that it reduces the load on the driver. With automated steering control, the driver can focus on other tasks, such as monitoring operations or handling equipment, without the constant need for manual steering.

Another benefit is the ability to operate under adverse weather conditions. By utilizing GPS-based guidance systems, farmers can continue their work even in challenging conditions like fog, snowfall, or low visibility. The precise guidance provided by these systems allows farmers to maintain their intended path and reduce the risk of accidents or errors caused by limited visibility.

Cost reduction is another advantage associated with guidance technology in agriculture. By avoiding overlapping when cultivating the soil or performing other tasks, farmers can minimize input wastage, such as seeds, fertilizers, and fuel. The precise control offered by guidance systems helps optimize resource usage, resulting in potential cost savings and increased efficiency.

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Major Regions Highlighted in the Global Precision Farming/Agriculture Market Report:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of Middle East & Africa

Top Companies Profiled in the Report:

Mothive, CropX, Arable, Ceres Imaging, Gamaya, AgriData, Agrowatcher, AgEagle and Aker Technologies, among others.

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