The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the precision agriculture market?
The rising food demand is expected to propel the growth of the precision agriculture market going forward. Food refers to any substance consumed to provide nutritional support for an organism. The demand for food is rising due to a variety of factors, including population growth, economic development, and changing dietary habits. Precision agriculture helps farmers identify and address challenges such as soil degradation, nutrient deficiencies, and pest outbreaks in real time. Farmers can improve crop resilience and minimize yield losses with the help of data-driven insight to implement targeted interventions such as soil amendments, crop rotation, or pest management strategies. For instance, in October 2024, the World Bank Group, a US-based International Trade and Development organization, projected that the global population will reach 10 billion by 2050. This increase will necessitate a 60% rise in food production to meet growing demand while facing the challenges posed by accelerating climate change. Therefore, the rising food demand is driving the growth of the precision agriculture market.
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How has the precision agriculture market size evolved, and what are the latest forecasts for its expansion?
The precision agriculture market size has grown rapidly in recent years. It will grow from $7.78 billion in 2024 to $8.71 billion in 2025 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased farm size and complexity, increased food demand, and rise in demand for IoT and AI-based agriculture solutions.
The precision agriculture market size is expected to see rapid growth in the next few years. It will grow to $13.59 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing adoption of AI and machine learning, increasing demand for food security, and consumer demand for transparency and traceability. Major trends in the forecast period include personalized crop management solutions, integration of blockchain for traceability, and advancements in remote sensing technologies.
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Which major companies dominate the precision agriculture market?
Major companies operating in the precision agriculture market report are Deere & Company; Corteva Agriscience; Monsanto Company; Syngenta AG; AGCO Corporation; Trimble Inc.; Raven Industries Inc.; Planet Labs Inc.; The Climate Corporation; Farmers Edge Inc.; Solinftec Inc.; Ag Leader Technology Inc.; Iteris Inc.; DICKEY-John Corporation; Taranis Visual Ltd.; AgJunction Inc.; Farmobile LLC; Arable Labs Inc.; The Yield Technology Solutions Pty Ltd.; Topcon Positioning Systems Inc.; Agribotix LLC; SlantRange Inc.; AquaSpy Inc.; Agworld Pty Ltd.; CropMetrics LLC
What trends will shape the future of the prebiotic fiber market?
Major companies operating in the precision agriculture market are developing precision agriculture platforms such as Arc Farm Intelligence, to provide digital farm management solutions. The precision agriculture platform is a comprehensive system that integrates various technologies and practices to optimize crop production by providing real-time data and insights to farmers. For instance, in March 2024, FMC India, an India-based chemicals corporation, launched Arc Farm Intelligence, a precision agriculture platform to support farmers in increasing productivity and enhancing agricultural sustainability. This system is made to offer streamlined connectivity, effective data organization, and pertinent task management capabilities in partnership with advisers, farmers, and other stakeholders. The platform and all necessary field monitoring equipment are provided at no cost to the farmer, which is part of FMC’s commitment to ensuring smallholder and historically underserved farmers have access to advanced technologies.
Which region dominates the precision agriculture market, and what factors contribute to its leadership?
North America was the largest region in the precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the precision agriculture market segmented, and which segment holds the largest share?
The precision agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Technology: Guidance Technology, Remote Sensing Technology, Variable-Rate Technology
3) By Application: Yield Monitoring, Field Mapping Telematics, Crop Scouting, Weather Tracking And Forecasting, Inventory Management, Farm Labor Management, Other Applications
Subsegments:
1) By Hardware: Sensors, GPS Systems, Drones And Uavs, Tractors And Farm Machinery, Automated Irrigation Systems
2) By Software: Farm Management Software, Data Analytics Software, Remote Sensing Software, Precision Irrigation Software
3) By Service: Consulting Services, Support And Maintenance Services, System Integration Services
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What defines the structure and scope of the precision agriculture market?
Precision agriculture, often known as precision farming or precision ag, refers to a data-driven and technologically enabled strategy for managing agricultural activities with a high degree of accuracy and control. This technology aims to boost yields and profitability through more precise and informed management decisions.
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