North America Precision Farming Market

The North America precision farming market was valued at US$ 3,551.76  million in 2023 and is expected to reach US$ 9,699.79 million by 2031; it is estimated to register a CAGR of 13.4% from 2023 to 2031.

Increasing Reliance on Smartphones Fuels North America Precision Farming Market

Farmers depend on broadband and wireless networks to obtain information about specific industry-directed knowledge-sharing initiatives, including farming-related progressive solutions. Agriculture mobile apps can be used for collecting data, recording crop scouting activities, tracking machine performance, and controlling drones. As a result, there is an increasing reliance on smartphones to access agriculture mobile apps, such as Digi-Star’s Grain Tracker, My New Holland app, Just In Time Plant Nutrient Calculator, AgDNA, and Cropalyser. These apps are widely used in precision farming. For example, the John Deere Connect Mobile app is utilized to help optimize, monitor, and improve machine performance. The app automatically connects to the machine through a Wi-Fi network and documents and displays machine performance and agronomic data about machine activities. It works in collaboration with the GreenStar 3 2630 or Generation 4 4600 CommandCenter displays. Also, the Connect Mobile app can wirelessly send data to the John Deere Operations Center by utilizing cellular service using the grower’s cellular data plan or a Wi-Fi network with internet access. Thus, the increasing reliance on smartphones to perform advanced agricultural practices drives the precision farming market.

North America Precision Farming Market  Overview

The North America region is an early adopter of progressive technologies. Factors such as the rise in government initiatives that support the adoption of advanced agriculture technologies and developed infrastructure have contributed to the regional market growth. For instance, in May 2022, the Government of Canada announced an investment of US$ 441,917.5 to develop a unified precision fruit tree farming system. The investment is also intended to attain sustainable solutions to tackle the increasing challenges in Canada's apple industry.

North America Precision Farming Market  Revenue and Forecast to 2031 (US$ Million)

North America Precision Farming Strategic Insights

Strategic insights for the North America Precision Farming provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Precision Farming Report Scope

North America Precision Farming Regional Insights

The geographic scope of the North America Precision Farming refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Precision Farming Market  Segmentation

The North America precision farming market is categorized into offering, application, and country. 

By offering, the North America precision farming market  is segmented into hardware, software, and services. The hardware segment held the largest share of the North America precision farming market   share in 2023.

In application, the North America precision farming market is segmented into yield monitoring, crop scouting, field mapping, inventory management, weather tracking and forecasting, and others. The yield monitoring segment held the largest share of the North America precision farming market  share in 2023.

Based on country, the North America precision farming market is segmented into the US, Canada, and  Mexico. The US segment held the largest share of North America precision farming market  in 2023.

Ag Leader Technology, AGCO Corp, AgJunction LLC, CNH Industrial NV, CropX Inc, Deere & Co, DICKEY-john, TeeJet Technologies, Topcon Corp, and Trimble Inc are some of the leading companies operating in the North America precision farming market.