DELRAY BEACH, Fla., April 16, 2025 /PRNewswire/ -- 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 according to a new report by MarketsandMarkets." 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.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/precision-farming-market-1243.html
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. Additionally, organizations such as the American Society of Agricultural and Biological Engineers (ASABE) and the American Society of Agronomy (ASA) encourage the development of precision agriculture practices. Overall, the US precision farming market is likely to grow further, increasing its position in the global agricultural sector.
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. With continuous innovations in geospatial technologies, guidance-enabled precision farming is set to further enhance the US market, leading to greater yields and effective farm management in diversified agricultural fields.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1243
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 industry, 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. With unstable weather patterns impacting farm yields, farmers in the US are increasingly turning to these systems as a strategy to counter risk, diminish crop loss, and safeguard agricultural operations. 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.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1243
Key Players
The report profiles key players US precision farming companies in such as include 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). These players have adopted various organic and inorganic growth strategies such as product launches, agreements, partnerships, acquisitions, and collaborations to strengthen their position in the market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1243
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
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.
In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.
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 Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/precision-farming-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/usa-precision-farming.asp
Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/united-states-usa-precision-farming-market-worth-3-42-billion-by-2031---exclusive-report-by-marketsandmarkets-302430043.html
