Precision Planting Market Size, Share, Growth Opportunities, Trends Analysis & Global Industry Forecast Report, 2023-2030
Analysis from GMI Research finds that the Precision Planting Market earned revenues of USD 5.4 billion in 2022 and estimated to touch USD 11.5 billion in 2030 will grow at a CAGR of 9.9% from 2023-2030
Precision Planting Market Overview
Precision planting is the method of smart products implementing planting for harvesting operations on farms across the world by using a unique and innovative approach. Precision planting uses retrofit equipment to maximize production and benefit the farmers. Precision planting device is self-deployable innovative equipment required at a farm. It is equipped several sensors for monitoring macro-climatic factors such as wind speed, rainfall across the agriculture.
To have an edge over the competition by knowing the market dynamics and current trends of “Precision Planting Market”, request for Sample Report here
Major Precision Planting Market Drivers
The factors driving the global precision planting market is raising trend towards adoption of the advanced modern technology equipments for large scale crop production to meet the global huge population challenge. For instance, in 2020, Mahindra and Mahindra Limited’s Farm Equipment Sector (FES) launched new advanced modern technology-based precision potato planting machinery named ‘PlantingMaster Potato +’. The machine designed and developed in collaboration with Dewulf, Europe-based global leader in potato machinery. Also, growing demand for the crop production to serve huge global population is witnessed potential growth for the precision planting market growth. For instance, according to the Population UN Organization Report in 2019, the world’s population reached around 7.7 Billion and is projected to reach 8.6 Billion by 2030. Thus, such increase in the global population will require advanced technology for enhancing the crop production which can be done by the precision planting methods.
Restraint in the Precision Planting Market
However, high cost for the advanced technology tools and equipments in the farming and also high skill to operate the digital tools with proper training and guidance may hamper the global precision planting market.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Offering- Segment Analysis
Based on the offering, hardware expected to grow at the fastest rate in the global precision planting market during the study period, this is primarily attributed to rising sale of the agricultural machineries for precision planting and enhancing the crop production. For instance, according to the European Agricultural Machinery Industry Association, the agriculture industry has more than 7,000 manufacturers in Europe which are producing more than 450 different types of machines for farmers with an annual revenue generated to about 0 47 Billion.
System Type – Segment Analysis
Based on the system type, drones hold the highest market share in 2020 in the global precision planting market owing to surge in the adoption by the farmers for precision seeding. Also, drones have excellent capacity to take high-quality aerial photographs and video, and can help to collect huge amount of imaging data.
Farms Size – Segment Analysis
Based on the Farm Size, below 400 hectares projected to have the largest market share over the forecast period in the global precision planting market in 2020, this is primarily attributed to presence of landowners with minimum farm.
Drive Type – Segmentation Analysis
In terms of the hydraulic segment has the largest contribution for the growth of the global precision planting market, this is attributed to rising launching of new hydraulic equipments by the leading players. For instance, in March 2021, John Deere has launched largest-ever new equipment and technology for commercial drive type of see & spray technology in the agriculture.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Based on the region, North America region is expected to dominate the global precision planting market in 2020 due to presence of leading technology players with growing rapid adoption of advanced technology for agriculture in this region followed by Europe and Asia-pacific.
Asia Pacific region is growing at faster pace due to increasing at rapid pace owing to rising demand for the precision planting with government initiatives and schemes for enhancing the crop production required for huge population in this region. For instance, In India precision farming ‘Fasal’ has launched plug and play IoT and sensors-based system named ‘Fasal Kranti’. The IoT device ‘Fasal Kranti’ aims to make farming more profitable and sustainable in optimized data-driven decisions on the farm concerning irrigation, fertigation, disease, and pest management. The Fasal has built a world-class solution for core problems for horticulture farmers and has planned to expand to 13 Million hectares of farm under horticulture with an investment of USD 2.7 Billion under Fasal Kranti in India.
Top Market Players
Various notable players operating in the market, includes Deere & Company., Trimble Inc., Buhler Industries Inc., Vaderstad North America, Stara S/A Indústria De Implementos Agrícolas, Kasco Manufacturing Co., Inc., Davimac Manufacturing, Kubota Corporation, Agco Corporation., Alenia Aeronautica, Cassidian, Seedmaster, Ag Leader Technology, and among others.
Key Developments:
-
- In 2021, John Deere made a partnership with new precision agriculture German agri-tech start-up Solorrow by launching a new app. The drive type developed by the German start-up company Solorrow for farmers can easily create variable rate drive type maps for fertilising and other field operations.
- In 2021, John Deere launched a new home of digital farming insights, information, and learning resources with launching of the John Deere Digital Agriculture Hub.
- In 2021, Mahindra launched ‘Farming As A Service’ In Karnataka, India for offering services such as precision farming, and equipment rental.
Segments covered in the Report:
The global precision planting market has been segmented on the basis of offering, system type, farm size, drive type, and key regions. Based on offering, the market is segmented into software, hardware and services. In terms of system type, the global precision planting market is divided into drones, precision air seeders, and high-speed precision planting systems. Based on farm size, the market is segmented into above 400 hectares and below 400 Hectares. Further, drive type is divided into hydraulic and electric.
For detailed scope of the “Precision Planting Market” report request a Sample Copy of the report
|
Report Coverage |
Details |
| Market Revenues (2022) |
USD 5.4 billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD billion) |
| Market Segment | By Offering, By System Type, By Farm Size, By Drive Type, and By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Deere & Company., Trimble Inc., Buhler Industries Inc., Vaderstad North America, Stara S/A Indústria De Implementos Agrícolas, Kasco Manufacturing Co., Inc., Davimac Manufacturing, Kubota Corporation, Agco Corporation., Alenia Aeronautica, Cassidian, Seedmaster, Ag Leader Technology, and among others; a total of 13 companies covered |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Precision Planting Market by Offering
-
- Software
- Hardware
- Services
Global Precision Planting Market by System Type
-
- Drones
- Precision Air Seeders
- High-Speed Precision Planting Systems
Global Precision Planting Market by Farm Size
-
- Above 400 Hectares
- Below 400 Hectares
Global Precision Planting Market by Drive Type
-
- Hydraulic
- Electric
Global Precision Planting Market by Region
-
-
North America Precision Planting Market (Option 1: As a part of the free 25% customization)
- By Offering
- By System Type
- By Farm Size
- By Drive Type
- US Market All-Up
- Canada Market All-Up
-
Europe Precision Planting Market (Option 2: As a part of the free 25% customization)
- By Offering
- By System Type
- By Farm Size
- By Drive Type
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Precision Planting Market (Option 3: As a part of the free 25% customization)
- By Offering
- By System Type
- By Farm Size
- By Drive Type
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Precision Planting Market (Option 4: As a part of the free 25% customization)
- By Offering
- By System Type
- By Farm Size
- By Drive Type
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
-
Major Players Operating in the Precision Planting (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Deere & Company.
- Trimble inc.
- Buhler industries Inc
- Vaderstad North America
- Stara S/A Indústria De Implementos Agrícolas
- Kasco Manufacturing Co., Inc.
- Davimac Manufacturing
- Kubota Corporation
- AGCO Corporation.
- Alenia Aeronautica
- Cassidian
- Seedmaster
- Ag Leader Technology
Why GMI Research
