How large is the precision harvesting market, and what is its growth trajectory?
The precision harvesting market size has grown strongly in recent years. It will grow from $15.86 billion in 2024 to $17.43 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to a rise in sustainable farming practices, growing awareness of precision agriculture, expansion of farm sizes, growth of agri-tech startups, and increasing focus on crop quality.
The precision harvesting market size is expected to see strong growth in the next few years. It will grow to $25.15 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rising demand for high crop yields, increasing farm mechanization, increasing global food demand, increasing labor costs, and rising demand for high-quality produce. Major trends in the forecast period include technological advancements, autonomous tractors, global positioning systems, yield monitoring systems, and sensor technology.
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Which industry factors have accelerated the precision harvesting market’s expansion?
The rising demand for high crop yields is expected to propel the growth of the precision harvesting market going forward. High crop yield refers to the quantity of agricultural produce harvested per unit of cultivated land area, typically measured in weight or volume. The demand for high crop yields is influenced by several factors, such as urbanization, climate change, food security, rising incomes, shifting dietary habits, global trade, and market demands. Precision harvesting technologies and practices enable farmers to maximize crop yields by improving efficiency, reducing losses, enhancing quality, and making informed decisions based on real-time data and analytics. For instance, in February 2024, according to the Department for Environment, Food, and Rural Affairs, a UK-based government body, in 2022, harvested wheat production increased by 11% to over 15.5 million metric tons, driven by higher yields, resulting in a production value of £4.1 billion ($5.25 billion), a 50% rise over 2021. Additionally, in 2022, the production of oilseed rape rose by 39% to around 1,361 thousand tons as a result of greater average yields and an increase in planted area in comparison to 2021. Therefore, the rising demand for high crop yields is driving the growth of the precision harvesting market.
What are the primary segments of the precision harvesting market?
The precision harvesting market covered in this report is segmented –
1) By Product: Combine Harvesters, Harvesting Robots, Self-propelled Forage Harvesters
2) By Offering: Hardware, Software, Services
3) By Application: Crop Harvesting, Greenhouse, Horticulture, Other Applications
Subsegments:
1) By Combine Harvesters: Grain Combine Harvesters, Corn Combine Harvesters, Rice Combine Harvesters, Multi-Crop Combine Harvesters
2) By Harvesting Robots: Fruit-Picking Robots, Vegetable-Picking Robots, Automated Grape Harvesters, Autonomous Berry Harvesters
3) By Self-Propelled Forage Harvesters: Corn Forage Harvesters, Grass Forage Harvesters, Sugarcane Forage Harvesters, Whole-Crop Forage Harvesters
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Which firms are leading the precision harvesting market?
Major companies operating in the precision harvesting market are Deere & Company, CNH Industrial NV, KUBOTA Corporation, AGCO Corporation, Trimble Inc., Topcon Corporation, Raven Industries Inc., Precision Planting LLC, TeeJet Technologies, CLAAS KGAA mbH, Kinze Manufacturing Inc., Ag Leader Technology, FarmWise Labs Inc., Clearpath Robotics Inc., Sentera Inc., Farmers Edge Inc., DICKEY-john Corporation, Taranis Visual Ltd., senseFly SA, PrecisionHawk Inc., Octinion NV, VineView Sciences Inc.
Which market trends are set to define the future of the precision harvesting market?
Major companies operating in the precision harvesting market are focused on developing advanced products, such as automated harvesting systems, to help farmers increase productivity and profitability during the busy harvest season. An automation harvesting system refers to using advanced technologies and machinery to perform harvesting tasks with minimal human intervention. These systems leverage robotics, sensors, artificial intelligence, and other technologies to efficiently and accurately harvest crops. For instance, in June 2024, Case IH, a US-based company that manufactures machinery for agriculture, launched the new Axial-Flow 260 series combine, featuring a subscription-free, integrated technology designed to meet the unique needs of growers. The Axial-Flow 260 series features harvest command combine automation, which automatically adjusts settings to maximize throughput and grain quality. It includes high-resolution Pro 1200 Dual Displays, allowing operators to easily monitor machine metrics, field performance, and grain quality in real time. The 260 series features dual Pro1200 displays that provide intuitive Harvest Command automation technology, advanced guidance, mapping capabilities, and connectivity with other Pro700-enabled machines. The premium technology built within the combine maximizes throughput and grain handling with single-rotor Case IH harvesting technology.
Which geographic trends are shaping the precision harvesting market, and which region has the highest market share?
North America was the largest region in the precision harvesting market in 2023. The regions covered in the precision harvesting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Precision Harvesting Market Report 2025 Offer?
The precision harvesting market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Precision harvesting refers to using advanced technologies and data analytics to improve agricultural harvesting processes’ efficiency, accuracy, and sustainability. This approach integrates various modern tools such as GPS, sensors, drones, and data management systems to monitor and optimize every aspect of the harvesting operation. Precision harvesting aims to maximize yield, reduce waste, and minimize environmental impact.
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