Delray Beach, FL, May 28, 2025 (GLOBE NEWSWIRE) — The report “Precision Farming Market by Offering (Hardware (Drones, GPS, Yield Monitors, Sensors), Software, Services), Technology (Guidance Technology, Remote Sensing Technology and Variable Rate Technology), Application and Region- Global Forecast to 2031″ The US Precision Farming market is expected to reach USD 3.42 billion by 2031, up from USD 1.92 billion in 2023, at a CAGR of 7.5% from 2023 to 2031.
The US precision farming market has been experiencing consistent growth over the past few years on the back of improved productivity needs, shortage of manpower, and increasing focus on cost reduction and environmental conservation. The market is supported by the presence of large and well-established players like AGCO Corporation, Deere & Company, Caterpillar, and Ag Leader Technologies that keep developing advanced products based on agriculture technologies. The increasing usage of sensor technologies, software platforms, and automation tools is driving market expansion as US farmers adopt digital approaches to better manage crops and resources.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1243
List of Players in the Precision Farming:
- Deere & Company (US),
- Trimble Inc. (US),
- AGCO Corporation (US),
- Raven Industries, Inc. (US),
- AgJunction LLC (US),
- AG Leader Technology (US),
- AgEagle Aerial Systems Inc (US),
- Topcon (US),
- TeeJet Technologies (US), and
- Climate LLC (US)
US Precision Farming Market Segmentation:
Guidance technology segment to dominate the technology segment of the market during the forecast period.
Guidance technology is a key aspect of the US precision farming market, enabling for precise navigation of farm equipment to improve efficiency and reduce waste. GPS/GNSS guidance devices help farmers maximize planting, fertilization, and pesticide treatment to ensure precise coverage and eliminate overlap. The technology enables farmers to monitor soil condition, crop health, and production patterns in real time, allowing them to make more accurate decisions. By combining guidance systems with auto-steering and variable rate application technologies, farmers can become more operationally effective, less labor-dependent, and environmentally friendly. The US market is witnessing an ever-growing demand for precision farming solutions as large-scale operations aim at optimizing productivity and cost-cutting.
Weather tracking and forecasting segment to register the highest CAGR in the market during the forecast period.
Weather tracking and forecasting constitute an essential application segment of the US precision farming market, spurred by the increasing demand for real-time data-driven decision-making in agriculture. The segment uses cutting-edge technologies like weather stations, satellite imagery, sensors, and predictive analytics software to track major environmental parameters, such as temperature, humidity, precipitation, and solar radiation. These solutions enable farmers to optimize planting plans, irrigation cycles, and pest management strategies for higher crop yields and better resource utilization. Simple equipment like soil moisture sensors, UV sensors, and handheld weather probes are being integrated into precision farm systems to aid in proper weather analysis at the field. Thus, the market for weather tracking and forecasting is expected to witness the fastest growth rate in the US precision farming market, to make it a strong player in enabling sustainable and resilient farm practice across the country.
Ask for Sample Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1243
About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: www.marketsandmarkets.com
