Precision Farming Market worth $21.45 billion by 2032 - Exclusive Report by MarketsandMarkets

DELRAY BEACH, Fla., June 24, 2025 /PRNewswire/ -- The global precision farming market is expected to grow from USD 11.38 billion in 2025 to USD 21.45 billion by 2032, growing at a CAGR of 9.5% according to a new report by MarketsandMarkets. The precision farming market is driven by rising global food demand, climate change, and the need for sustainable agriculture. Integration of technologies like IoT, AI, and blockchain enhances farm productivity through real-time data, predictive analytics, and transparent supply chains. Key applications include variable rate application, yield monitoring, and livestock tracking. While developed urban regions readily adopt these technologies due to advanced infrastructure, rural areas face challenges like connectivity gaps. However, improving digital infrastructure and government initiatives are narrowing this divide. Future growth will stem from AI-powered automation, drone-based monitoring, and expanding data-driven farming solutions tailored for smallholder farmers.

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Browse in-depth TOC on "Precision Farming Market" 
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Precision Farming Market Report Scope:

Report Coverage	Details
Market Revenue in 2025	$ 11.38 billion
Estimated Value by 2032	$ 21.45 billion
Growth Rate	Poised to grow at a CAGR of 9.5%
Market Size Available for	2021–2032
Forecast Period	2025–2032
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends