North American Precision Farming Market Is Projected To Reach A Valuation Of US$ 6 Billion By 2032

Technology

North America Precision Farming Market Outlook (2022-2032)

The North American Precision Farming market is projected to grow at the rate of 12.1% to reach a valuation of US$ 6 Billion by 2032 from US$ 1.91 Billion in 2022.

Growth in the North American precision farming market is attributed to the swelling government initiatives for the implementation of modern agriculture technologies and developed agricultural infrastructure in the region.

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Key Segments Covered in the North America Precision Farming Market Report

  • North America Precision Farming Market by Technology :

    • Precision Farming Guidance System
    • Remote Sensing Precision Farming
    • Variable-Rate Technology Precision Farming
  • North America Precision Farming Market by Offering :

    • Precision Farming Hardware
    • Precision Farming Software
    • Precision Farming Services
  • North America Precision Farming Market by Application :

    • Precision Farming for Yield Monitoring
    • Precision Farming for Field Mapping
    • Precision Farming for Crop Scouting
    • Precision Farming for Weather Tracking & Forecasting
    • Precision Farming for Irrigation Management
    • Precision Farming for Inventory Management
    • Precision Farming for Farm Labor Management
    • Precision Farming for Other Applications
  • North America Precision Farming Market by Country :

    • U.S Precision Farming Market
    • Canada Precision Farming Market
    • Mexico Precision Farming Market

Competitive Landscape: Top Companies in Precision Farming Market

Key players in the North American precision farming market are undertaking state-of-the-art manufacturing tools and processes such as using advanced assembly techniques and robotic automation, etc. thereby focusing on the quality and performance enhancement of precision farming.

They are expanding at a great pace owing to innovation being undertaken in precision farming such as incorporating advanced functions and features in precision farming. Furthermore, prominent players in the Precision Farming market are also focusing on collaborative activities with other market players in emerging economies along with investing highly in research and development.

For instance:

  • In January 2022, John Deere & Co. introduced its line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part and parcel of its endeavor to expand its footprint in precision agriculture domain.
  • In April 2021, Trimble Inc. forged a collaborative agreement with HORSCH- one of the leading manufacturers of agricultural technology globally- to establish a future for autonomous machines and workflows in the agricultural industry. The companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active fieldwork.

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