Precision Farming Market Report


   October 3, 2019
According to a market report by Lucintel, the future of the precision farming market looks promising with opportunities in the yield monitoring, crop scouting, field mapping, irrigation management, weather tracking and forecasting, inventory management, farm labor management, and financial management industries. The precision farming market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing concern towards global food supply and to reduce the production cost.

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In this market, hardware, software, and services are the major offering type. Within the precision farming market, yield monitoring, crop scouting, field mapping, irrigation management, weather tracking and forecasting, inventory management, farm labor management, and financial management are the major applications. Guidance system, remote sensing, and variable-rate technology are the major technology type of the precision farming market.

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Deere & Company, Trimble, Agco, Agjunction, Raven Industries, AG Leader Technology, SST Development Group, Teejet Technologies, Topcon Positioning Systems, and Dickey-John Corporation are among the major players in precision farming.

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Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the precision farming market by application, technology, offering, and region. Lucintel has prepared a comprehensive research report entitled Precision Farming Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the precision farming market by application, technology, offering, and region as follows:

By Application [$M shipment analysis for 2013 – 2024]:



  • Yield Monitoring


  • Crop Scouting


  • Field Mapping


  • Irrigation Management


  • Weather Tracking & Forecasting


  • Inventory Management


  • Farm Labor Management


  • Financial Management


  • Others


By Technology [$M shipment analysis for 2013 – 2024]:



  • Guidance System


  • Remote Sensing


  • Variable-Rate Technology


By Offering [$M shipment analysis for 2013 – 2024]:



  • Hardware


  • Software


  • Services


By Region [$M shipment analysis for 2013 – 2024]:



  • North America


  • United States


  • Canada


  • Mexico


  • Europe


  • UK


  • Germany


  • Italy


  • Asia Pacific


  • China


  • Japan


  • India


  • Rest of the World


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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/precision-farming-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.



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