Global Field Mapping Precision Farming Market was valued at USD 9.15 billion in 2021 and is expected to reach USD 24.33 billion by 2029, registering a CAGR of 13.00% during the forecast period of 2022-2029. “Hardware” accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Field mapping precision farming is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.

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Field Mapping Precision Farming Market Drivers

  • Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of field mapping precision farming market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

  • Availability of Low-Cost Sensors

The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

Some of the major players operating in the field mapping precision farming market are

  • AG Leader Technology Inc. (US)
  • AGCO Corporation (US)
  • AgJunction Inc. (Canada)
  • AgEagle Aerial Systems, Inc. (US)
  • Valmont Industries Inc. (US)
  • Agsmart Pty Ltd (Australia)
  • BouMatic (US)
  • CROPMETRICS (US)
  • CropX Inc. (Israel)
  • Deere & Company (US)
  • Farmers Edge Inc. (Canada)
  • GEA Group Aktiengesellschaft (Germany)
  • Monsanto Company (US)
  • Taranis (US)
  • Precision Planting LLC (US)
  • Raven Industries Inc. (US)
  • Topcon (Japan)
  • Tetra Laval International S.A. (Switzerland)
  • Trimble Inc. (US)

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Global Field Mapping Precision Farming Market Scope and Market Size

Component

  • Hardware
    •           Automation Control Systems
    •            Displays
    •            Guidance and Steering Systems
    •            Drones/UAVS
    •            Irrigation Controllers
    •            Handheld Mobile Devices/Handheld Computers
    •            Flow and Application Control Devices
  • Software
    • Local/Web-Based
    • Cloud-Based
    • Service
    • System Integration and Consulting Services
    • Managed Services, Connectivity Services
    • Assisted Professional Services
    • Maintenance and Support Services

Technology

  • Guidance Technology
  • GPS/GNSS-based
  • GIS-based
  • Remote Sensing Technology
  • Handheld or Ground-Based Sensing
  • Satellite or Aerial Sensing
  • Variable-Rate Technology
  • Map-Based
  • Sensor-Based

Field Mapping Precision Farming Market Regional Analysis/Insights

The countries covered in the field mapping precision farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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