What is the global market size of Precision Farming Market?

Precision Farming Market size was valued at USD 9.8 Billion in 2023 and is poised to grow from USD 10.85 Billion in 2024 to USD 24.45 Billion by 2032, growing at a CAGR of 10.7% during the forecast period (2025-2032).

Who are the key vendors in the Precision Farming Market?

Key vendors in AI Market are: 'Deere & company ', 'Trimble inc. ', 'Agco corporation ', 'Ag leader technology ', 'Ageagle aerial systems inc ', 'Topcon ', 'Climate llc ', 'Teejet technologies ', 'Hexagon ab ', 'Abaco s.p.a. ', 'Precision hawk ', 'Ec2ce ', 'Descartes labs, inc. ', 'Cropx inc. ', 'Farmers edge inc. ', 'Grownetics ', 'Cropin technology solutions private limited ', 'Gamaya ', 'Kubota corporation ', 'Cnh industrial n.v.'.

Precision Farming Market Updates

Name: Precision Farming Market By Offering(Hardware, Software), By Technology (Guidance Technology, Remote Sensing Technology), By Application, By Region - Industry Forecast 2025-2032
Brand: SkyQuest Technology

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to precision farming market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Precision Farming Market News

in Precision Farming Market

In January 2025, Deere & Company introduced a new line of autonomous tractors powered by AI, advanced cameras, and Nvidia Jetson processors. These tractors can autonomously perform tasks like tillage, spraying, and mowing. The innovation addresses labor shortages while improving productivity and input precision, marking a major leap in fully autonomous, data-driven farm operations.

In June 2025, Concept Reply and DKE-Data jointly launched agrirouter 2.0, an upgraded cloud-based data exchange platform for smart farming. It allows seamless communication between different brands of agricultural machinery, integrating GPS, telemetry, and control systems. This development enhances interoperability, enabling farmers to optimize machinery usage, reduce operational downtime, and implement precise field management practices more efficiently.

In May 2025, Ceres AI partnered with Bayer’s Climate FieldView to integrate advanced predictive analytics into Bayer’s digital farming platform. The collaboration enhances forecasting for crop diseases, pest outbreaks, and yield variability. This empowers farmers and agri-insurers with real-time, risk-based insights, improving strategic planning, reducing losses, and advancing resilience in modern precision agriculture systems.

Precision Farming Market Report Snapshots

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Global Precision Farming Market size was valued at USD 9.8 Billion in 2023 poised to grow between USD 10.85 Billion in 2024 to USD 24.45 Billion by 2032, growing at a CAGR of 10.7% in the forecast period (2025-2032).

The global precision farming market outlook is highly competitive, with key players like Deere & Company, Trimble Inc., AGCO Corporation, CNH Industrial, and Topcon Positioning Systems leading innovation. Deere & Company invests in AI and automation for smart tractors, while Trimble focuses on expanding its GPS and software solutions. AGCO emphasizes precision planting technology through acquisitions. These companies drive market growth through R&D, strategic partnerships, and expanding integrated digital farming platforms.'Deere & Company (USA)', 'Trimble Inc. (USA)', 'AGCO Corporation (USA)', 'CNH Industrial N.V. (United Kingdom)', 'Topcon Positioning Systems (Japan)', 'Raven Industries (USA)', 'Kubota Corporation (Japan)', 'BASF SE (Germany)', 'Yara International ASA (Norway)', 'Valmont Industries, Inc. (USA)', 'TeeJet Technologies (USA)', 'Hexagon Agriculture (Sweden)', 'Ag Leader Technology (USA)', 'Taranis (Israel)', 'SST Software (USA)'

Precision farming addresses the growing need to optimize agricultural inputs like water, fertilizers, and pesticides. By using technologies such as GPS, sensors, and data analytics, farmers can apply inputs only where needed, minimizing waste and cost. This demand for sustainable resource management is driving widespread adoption across global agricultural sectors.

Integration of AI and Machine Learning in Farming Decisions: AI and machine learning are transforming the global precision farming market trends by enabling real-time analysis of field data. These technologies support predictive insights on irrigation, fertilization, and pest control. As a result, farmers make data-driven decisions that boost yield, reduce input costs, and promote sustainable, automated agricultural practices across global farming operations.

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Precision Farming Market Updates

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What is the global market size of Precision Farming Market?

Who are the key vendors in the Precision Farming Market?

What is the key driver of Precision Farming Market?

What is the key market trend for Precision Farming Market?

Which region accounted for the largest share in Precision Farming Market?

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