The global precision farming market is expected to reach USD 34.6 billion by 2035 and is projected to grow at a CAGR of 11.6% from 2026 to 2035, according to Orion Market Research. Governments across the globe are actively promoting modern agricultural practices to increase productivity, ensure food security, and encourage sustainability. These initiatives often include subsidies and financial incentives for adopting precision farming technologies, such as GPS-guided equipment, drones, sensors, and irrigation management systems. Many governments further support research and development programs, pilot projects, and training for farmers to implement data-driven farming techniques. Additionally, policies aimed at reducing environmental impact, such as promoting efficient fertilizer and water usage, are driving the adoption of precision agriculture solutions. For instance,
Browse the full report description of “Precision Farming Market Size, Share & Trends Analysis By Component (Hardware, Software, and Services), By Technology (GPS, Variable Rate Technology, Remote Sensing, Drones & UAVs, Robotics and Autonomous Equipment, Edge and Cloud Analytics Platforms, Other Technologies), By Application (Field Mapping & GIS, Crop Monitoring, Irrigation Management, Yield Monitoring & Mapping, Weather Tracking & Forecasting, Inventory Management, and Others), By End-Users (Farmers, Agricultural Co-Operatives, and Government & Research Organizations) Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/precision-farming-market
- In January 2025, Korea established the First Master Plan for Fostering Smart Agriculture (2025–2029) required under the Act on the Promotion and Support of Smart Agriculture (July 2024).1 This plan outlines key policies and initiatives to foster smart agriculture over the next five years. The plan aims to convert 35% of the country’s 55,000-hectare greenhouses into smart farms and apply at least one smart agricultural technology to 20% of the cultivated area for major field crops undergoing mechanization.
- In January 2025, the US Department of Agriculture (USDA) provided a total of $14.4 million in grants and technical assistance through two separately funded projects to support urban agriculture and innovative production. In addition, USDA’s Natural Resources Conservation Service (NRCS), which oversees OUAIP, is providing $11.9 million in funding through an interagency agreement with the National Institute of Food and Agriculture (NIFA) to promote the hiring of Urban Agriculture Conservation Extension Educators through the Cooperative Extension programs at Land-grant Universities.
- In the Union Budget 2024-25, the Finance Minister announced the allocation of Rs 500 crore for providing drones to women self-help groups (SHGs) under the Namo Drone Didi scheme, along with support for one crore farmers to adopt natural farming practices. This scheme will empower women in rural areas by integrating them into the technological advancements in agriculture, thus fostering entrepreneurship. Drones will enhance farming efficiency through precision agriculture, leading to better crop management and yield optimization.
Key Players and Innovations
The key players in the precision farming market include Deere & Co., CropX Inc., Syngenta Crop Protection AG, Hexagon AB, AGCO Corp., Sentera, Inc., Valmont Industries, Inc., BASF SE, and Iteris Inc. and among others. For instance, in April 2024, AGCO Corp. announced the launch of PTx, a new brand representing its precision ag portfolio. PTx combines precision ag technologies from the cornerstones of AGCO's tech stack: Precision Planting and its newest joint venture (JV), PTx Trimble.
Market Coverage
- The market number available for – 2025-2035
- Base year- 2025
- Forecast period- 2026-2035
- Segment Covered-
- By Component
- By Technology
- By Application
- By End-Users
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape - Deere & Co., Trimble Inc., CNH Industrial N.V., AGCO Corp., and Bayer AG.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Precision Farming Market Report Segment
By Component
By Technology
- GPS
- Variable Rate Technology
- Remote Sensing
- Drones & UAVs
- Robotics and Autonomous Equipment
- Edge and Cloud Analytics Platforms
- Other Technologies
By Application
- Field Mapping & GIS
- Crop Monitoring
- Irrigation Management
- Yield Monitoring & Mapping
- Weather Tracking & Forecasting
- Inventory Management
- Others (Fertilizer Management, Farm Labor Management)
By End-Users
- Farmers
- Agricultural Co-Operatives
- Government & Research Organizations
Global Precision Farming Market Report Segment by Region
North America
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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