Agricultural Variable Rate Technology Market Outlook 2024-2029: Projections Indicate Steady Growth
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
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What are the Historical and Forecast Market Sizes for the Agricultural Variable Rate Technology Market?
The agricultural variable rate technology market size has been recording rapid growth in recent years. The market is projected to swell from $4.29 billion in 2024 to $4.84 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. Factors such as precision agriculture adoption, government support and subsidies, increased awareness of sustainability issues, surging global population, and growing food demand, have led to an exponential growth during the historic period.
Fast forward to the coming years, the agricultural variable rate technology market is set to hit $8.57 billion in 2029, growing at a CAGR of 15.4%. The market will benefit from the emergence of new agtech solutions, focus on soil health management, advancements in autonomous farming machinery, rising need for resource efficiency, and the growing focus on sustainable agriculture. Major trends in the forecast period include focus on water management, blockchain for traceability and transparency, robotic and autonomous farming machinery, focus on carbon farming, and emissions reduction, data connectivity, and IoT integration.
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What are the Primary Drivers of the Agricultural Variable Rate Technology Market?
The agricultural variable rate technology market is experiencing significant growth, driven by increased government expenditures and policy initiatives in the agricultural sector. Agricultural variable rate technology, an automated application used substantially in agriculture, has the potential to reduce labor costs by up to 80 percent.
What are the Major Segments of the Agricultural Variable Rate Technology Market?
The agricultural variable rate technology market report segments the market as follows:
1) By Product: Soil Sensing Variable Rate Technology, Fertilizer Variable Rate Technology, Seeding Variable Rate Technology, Crop Protection Chemical Variable Rate Technology, Yield Monitor Variable Rate Technology, Irrigation Variable Rate Technology
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables
3) By Farm Size: Large Farms, Small Farms, Mid-Size Farms
4) By Application: Fertilizers, Crop Protection Chemicals, Soil Sensing, Yield Monitoring, Irrigation
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Who are the Key Players in the Agricultural Variable Rate Technology Market?
Major companies operating in the agricultural variable rate technology market include The Climate Corporation, Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial N. V., Yara International ASA, Valmont Industries Inc., AgJunction Inc., AG Leader Technology Inc., Raven Industries Inc., Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems Inc., Hexagon AB, CropX Inc., Farmers Edge Inc., Agribotix LLC, AgriData Inc., Agri-Trend Agrology Ltd., CropMetrics LLC, Dickey-john Corporation, Echelon Ag Inc., Fieldin Inc., Granular Inc., Iteris Inc., Mavrx Inc., PrecisionHawk Inc., SST Software Corporation, Taranis AG, TerrAvion Inc., and The Yield Pty Ltd.
What are the Emerging Trends in the Agricultural Variable Rate Technology Market?
Major players in the agricultural variable rate technology market are forging new partnerships to augment their market positions. For instance, in September 2023, Trimble Inc. and AGCO Corporation joined forces to advance precision agriculture solutions across different equipment brands. The goal of this collaboration is to spur innovation in factory-fit and aftermarket solutions, thereby boosting productivity, efficiency, and sustainability in agriculture globally.
Which Region Dominates the Agricultural Variable Rate Technology Market?
In 2024, North America was the largest region in the agricultural variable rate technology market. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Agricultural Variable Rate Technology Market Report 2025 Offer?
Agricultural variable rate technology pertains to a branch of technology that primarily uses automated applications in agriculture. These technologies employ sensors, maps, and GPS to distribute fertilizers and chemicals, as well as plant seeds, thereby helping to manage crop production. The Agricultural Variable Rate Technology Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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