Precision Farming Market size
                     Precision Farming Market
Set to Exceed USD   USD 13,016 million by 2026 | CAGR 
14.7%
“Precision Farming/Agriculture Market [By Hardware 
(Automation & Control System, Sensing Devices, 
Access Points); By Deployment (Web-based/Local, 
Cloud Based); By Service (System Integration, 
Managed Services, Maintenance & Support, 
Consulting); By Application (Irrigation Management, 
Crop Scouting, Yield Monitoring, Weather Tracking 
and Forecasting, Field Mapping, Inventory 
Management, and Farm Labor Management); By 
Regions]: Market size & Forecast, 2017 – 2026”
Precision Farming Market Estimate & Forecast to 2026
The global precision agriculture market is anticipated to reach over USD 13,016 million by 
2026, According to a new study published by Polaris Market Research. In 2017, the yield 
monitoring application dominated the global market, in terms of revenue. North America is 
expected to be the leading contributor to the global market revenue during the forecast 
period.
There has been an increasing adoption of precision farming across the world owing to 
growing agricultural industry, and high-demand for food crops. The global precision farming 
market is driven by the increasing need to improve the quality of crops produced, 
maximizing crop production, and enhanced crop monitoring. Technological advancement 
along with government subsidies further boosts the market growth. However, high initial 
investment and lack of awareness limit the precision farming market growth.
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Precision Farming Market Scope
By Hardware Type By Deployment Type By Service By Application By Region Report Attributes
 Automation &  Web-Based/Local  System Integration  Irrigation Management  North America  Historic year: 
Control  Cloud Based  Managed Services  Crop Scouting  Europe 2015-2016
 Sensing devices  Maintenance &  Yield Monitoring  Asia Pacific  Base year: 2017
 Antennas/access Support  Weather Tracking and  Latin America  Forecast Year: 
points  Consulting Forecasting Middle East & 2018-2026
 Field Mapping
Africa  Revenue (USD 
 Inventory Management
Million)
 Farm Labor Management
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Precision Farming Market Estimate & Forecast to 2026
 Various applications of precision farming include irrigation management, crop scouting, 
yield monitoring, weather tracking and forecasting, field mapping, inventory management, 
and farm labor management. In 2017, yield monitoring accounted for the largest share in 
the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 
13.2% during the forecast period. This is attributable to the benefits offered by yield 
monitoring such as reduced cost, improved yields, and enhanced decision making. Yield 
monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring.
The well-known companies profiled in the report include Ag Leader Technology, AGCO 
Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate 
Corporation, Farmers Edge Inc., and AgJunction, Inc. among others. These companies launch 
new products and collaborate with other market leaders to innovate and launch new 
products to meet the increasing needs and requirements of consumers.
                                                                     
                                                                         
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Precision Farming Market Share By Type, 2017 & 2026
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