MarkNtel Advisors Releases Comprehensive Study on the Precision Agriculture Market, Forecasting Strong Growth from 2024 to 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled “Precision Agriculture Market Analysis, 2024–2030.”
This report provides a detailed assessment of the Precision Agriculture Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

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Precision Agriculture Market Timeline Overview

-Historical Years: 2019-22

-Base Years: 2023

-Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Precision Agriculture Market Outlook

According to the report, The Global Precision Agriculture Market size was valued at around USD 10.43 billion in 2023 and is projected to grow at a CAGR of around 13% during the forecast period, i.e., 2024-30. The increasing desire for sustainable farming methods and technology upgrades are the primary drivers of the Global Precision Agriculture Market. 

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Precision Agriculture Market Drivers:

Need for Sustainable Farming Practices Driving Market Growth – The global market for precision agriculture is growing due to the increased demand for sustainable agricultural practices. Using efficient and sustainable farming methods is becoming increasingly essential as concerns regarding resource shortages, climate change, and environmental degradation rise. This requirement is met by using precision agriculture, which gives farmers the capacity to use assets like water, fertilizer, and insecticides as effectively as feasible. Technologies that allow correct application of inputs, decrease waste and minimize adverse environmental effects include remote sensing, data analytics, and GPS-guided tools. Precision agriculture contributes to decreased greenhouse gas emissions, soil health, and water conservation through increasing resource efficiency.

Precision Agriculture Market Trends:

Increasing Adoption of Blockchain for Traceability – A substantial recent development in the precision agriculture industry is the increasing adoption of blockchain for traceability. The need for openness in the food supply chain is increasing as end-users are more concerned about food safety, quality, and the adverse effects of agricultural practices on the environment. The adoption of blockchain technology ensures a secure & effective ledger that tracks the direction of agricultural products from farm to fork. Blockchain increases confidence between customers, producers, and merchants by logging every transaction and movement of items on a decentralized network, guaranteeing data accuracy and impervious to tampering. Stakeholders can monitor manufacturing procedures, confirm product provenance, and guarantee standard compliance due to this traceability.

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Precision Agriculture Market Segmentation

The study categorizes the Precision Agriculture Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Offering

• Hardware
• Automation and Control System
• GPS/GNSS System
• Guidance and Steering System
• Flow and Application Rate Control Solutions
• Handheld Computers/ Mobile devices
• Agriculture Cameras
• Others
• Sensing and Monitoring
• Yield Monitors
• Sensing Systems
• Other Hardware
• Software
• Services
• Integration and Deployment
• Maintenance and Repair
• Other Services

By Application

• Precision Irrigation
• Field Monitoring
• Precision Spraying
• Precision Fertilization
• Precision Planting
• Data Management
• Other Applications

By Agricultural Produce

• Cereals
• Oil Crops
• Roots, Tuber, and Plantains
• Industrial Crops
• Fruits
• Vegetables
• Nuts
• Others

By Technology

• Guidance System
• Variable Rate Technology (VRT)
• Remote Sensing
• Data Analytics

Geographical Analysis

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia-Pacific

The report presents detailed insights into the Precision Agriculture Market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

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Leading Companies in Precision Agriculture Market Worldwide: Players, Analysis & Future Outlook

Deere & Company, CropMetrics LLC, Trimble Inc., Ag Leader Technology, AgJunction, Inc., AgEagle Aerial Systems Inc. (Agribotix LLC), DICKEY-john Corporation, Farmers Edge Inc., Grownetics, Inc., Granular, Inc., and others are the top companies in the Precision Agriculture Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors fueling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/global-precision-agriculture-market.html

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Precision Agriculture Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Precision Agriculture Market?
   4. Who are the prominent players in the Precision Agriculture Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About us:

MarkNtel Advisors is a leading research and consulting organization offering data-driven insights across the environmental sector, including environmental services, waste management, and water treatment solutions. Our studies evaluate technological advancements, regulatory frameworks, and infrastructure innovations shaping the sustainability agenda. Through Competitive Intelligence, we support clients in benchmarking performance, identifying eco-efficient opportunities, and achieving operational excellence aligned with global environmental standards and climate objectives..         

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