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.
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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),