According to the latest report by IMARC Group,the global precision agriculture market exhibited strong growth during 2015-2020. Precision agriculture, also known as satellite agriculture, refers to one of the most popular innovations in modern farming.

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Global Precision Agriculture
Market Research Report
and Forecast 2021-2026
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

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3. Report Description
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Global Precision Agriculture Market Impelled by Soaring Internet Penetration
According to the recent report by IMARC Group, entitled “Precision Agriculture Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global precision agriculture
market exhibited strong growth during 2015-2020.
Precision agriculture, also known as satellite agriculture, refers to one of the most popular innovations in
modern farming. It is the concept of managing accurate variabilities in the farm which helps in producing
more output with less agricultural inputs, thereby minimizing the production cost.
Precision agriculture relies on specialized equipment, software and IT services so as to provide a real-
time data about the condition of soil, ambient air and crops, as well as other important information like
local weather predictions and labour costs.
This data is used by the farmers to know about the precise planting times, crop rotation and harvesting
time.
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Nowadays, farmers are increasingly depending on smartphones, internet, WiFi, Zigbe and low-power
wide-area (LPWA) for their day-to-day farming activities. These technologies assist in efficiently planning
and executing several operations, such as planting, purchasing, harvesting and inventory control, with
zero negligence and errors.
Moreover, these help in spreading awareness amongst small as well as large farmers about the latest
developments in the industry. This acts as one of the major factors which has led to a rise in the demand
for precision agriculture across the globe.
Further, agriculture development authorities as well as state-owned enterprises are cooperating
together with agro-processing organizations, and food and beverage manufacturers in order to promote
the growth of sustainable agricultural activities.
This aims at enhancing the productivity, food security and efficiency of agricultural process, in turn,
proliferating the demand for precision agriculture.
Looking forward, IMARC Group expects the global precision agriculture market to grow at a CAGR of
around 12% during the forecast period (2021-2026).

5. Market Summary:
Market Breakup by Technology:
• GNSS/GPS Systems
• GIS
• Remote Sensing
• Variable Rate Technology (VRT)
Currently, GNSS/GPS systems represent the largest technology segment of precision agriculture as the
accuracy of these technologies have improved, which in turn, is enabling a large-scale adoption
of precision agriculture for geo-positioning and field-mapping.
Market Breakup by Type:
• Automation and Control Systems
• Sensing and Monitoring Devices
• Farm Management Systems
At present, automation and control systems are mostly preferred in precision agriculture as they aid in
minimizing the labour costs as well as electricity costs.
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6. Market Breakup by Component:
• Hardware
• Software
Amongst these, hardware components account for the majority of the market share as their consistent
evolution has resulted in the introduction of new devices with enhanced location and data processing
capabilities.
Market Breakup by Application:
• Yield Monitoring
• Crop Scouting
• Mapping
• Soil Monitoring
• Precision Irrigation
Yield monitoring systems are used for measuring and recording information based on the grain flow,
grain moisture and farm area covered. Additionally, they help the farmer in maximizing the crop yield
and understanding the field variability.
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7. • Market Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Amongst these, North America is the leading market due to increasing adoption of precision agriculture
in various countries like the United States and Canada.
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8. Competitive Landscape With Keyplayer:
• Agribotix
• Bayer Crop Science AG
• Case IH Agriculture
• ClearAg Operations
• Conservis Corporation
• Deere & Company
• Farmers Edge Inc.
• Fairport Farm Software
• AGCO Corporation
• Granular AG
• Grownetics Inc.
• IBM
• Mapshots Inc.
• Raven Industries Inc.
• Relx Group
View Report TOC, Figures and Tables : https://www.imarcgroup.com/precision-agriculture-market
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9. About Us
IMARC Group is a leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to identify their highest-
value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
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Partial List of Clients

11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

12. Report Description
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