Precision Farming Agriculture Device Market Report 2025 (Global Edition)

Global Precision Farming Agriculture Device Market Report 2025 Market Size Split by Type (Automation & Control Systems, Sensing Devices, Antennas/Access Points, Others), by Application (Yield Monitori...

Precision Farming Agriculture Device Market Report Description

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Impact of Tariff Trumph on Agriculture Industry

In 2025, global agricultural trade is under major strain following President Trump’s Liberation Day Tariffs, which introduced steep duties to correct trade imbalances. Tariffs now range from 10% on imports from allies like Japan to as high as 46% on Vietnamese goods and 34% on Chinese agricultural products, with a blanket 25% on agri-machinery, fertilizers, and processed foods. This has significantly raised input costs for U.S. farmers and triggered retaliatory tariffs from key partners like China, the EU, and Brazil. China’s countermeasures up to 120% on U.S. exports like soybeans, pork, and dairy—have already slashed Q1 soybean exports by 19.7%. Canada and others have also tightened import rules, compounding uncertainty.

Key agriculture sectors are struggling. Row crop farmers face slumping export prices and higher input costs, leading many to explore alternative crops and new markets in South Asia and Africa. Dairy and pork producers are dealing with oversupply and weak demand, especially from China and the EU. Fruit and vegetable growers are hit by increased spoilage and packaging costs, while food processors are seeing a 10–14% rise in unit costs due to equipment and material tariffs. Logistics firms, meanwhile, are grappling with slower exports and rising warehousing needs, pushing them to revamp inland routes and distribution strategies.

China, while not the largest exporter of agricultural goods to the U.S., is a key supplier of specific inputs like agrochemicals, additives, seafood, and processed foods. Many of these goods are also routed through intermediaries in Asia, so tariffs aimed at China disrupt broader global supply chains. U.S. agribusinesses are seeing input costs rise by up to 22%, complicating seasonal planning and tightening margins. While some are turning to alternate sourcing from India, Latin America, or Southeast Asia, challenges like logistics and compliance slow the transition.

To adapt, agribusinesses are increasingly relying on market research. It helps identify lower-risk suppliers, monitor input costs, optimize fragmented supply chains, and understand shifting consumer behaviors. Firms are also tracking regulatory changes and running scenario planning models to anticipate disruptions. Major companies are responding by reshoring supply chains, investing in local operations, and realigning exports toward tariff-exempt markets. The most resilient players are those using real-time data and strategic foresight to reconfigure operations and maintain competitiveness amid ongoing trade volatility.

Precision Farming Agriculture Device Market Insights Video

Competitive Landscape of the Precision Farming Agriculture Device Market

The precision farming agriculture device market is extremely competitive, comprising companies ranging from mature companies to new startups. Some prominent players are more focused on technology advancements and strategic partnerships through which they can add value to their offerings of products and increase their market reach. Additionally, there is a rising trend of tech firms collaborating with agricultural businesses to develop integrated solutions targeted towards specific needs in farming. Increasing competition is also driving research and development where companies are investing in new and better devices, thus making them more efficient and user-friendly. That's how the dynamic environment increases growth and encourages precision farming technology in farmers in different parts of the world.

In July 2023, Deere & Company, a worldwide agriculture and construction equipment manufacturer, announced the purchase of Smart Apply Inc., an agricultural technology solution provider. Deere & Company is focusing on using Smart Apply's precision spraying solution to help growers solve difficulties such as regulatory requirements, input prices, labor, and more. The acquisition is anticipated to help the company gain new clients. (Source: https://www.deere.com/en/news/all-news/john-deere-acquires-smart-apply/) In April 2023, AGCO Corporation, a global agriculture equipment producer, and Hexagon, an industrial technology solution provider, announced their strategic partnership. The agreement aims to expand AGCO's factory-fit and aftermarket guiding capabilities. (Source: https://news.agcocorp.com/2023-04-24-AGCO-and-Hexagon-Agree-to-Expand-Distribution-of-Hexagons-Ag-Guidance-Systems) In May 2023, AgEagle Aerial Systems Inc., a global agriculture technology solution provider, announced the signing of a new supply deal with Wingtra AG. The two-year supply arrangement is intended to acquire RedEdge-P sensor kits for use with WingtraOne VTOL drones. (Source: https://ageagle.com/ageagle-signs-2m-agreement-with-wingtra-guaranteeing-delivery-of-rededge-p-sensor-kits/)

Top Companies Market Share in Precision Farming Agriculture Device Industry: (In no particular order of Rank)

• Ag Leader Technology
• AgJunction
• Inc.
• CropMetrics LLC
• Trimble
• Inc.
• AGCO Corporation
• Raven Industries Inc.
• Deere and Company
• Topcon Corporation
• AgEagle Aerial Systems Inc. (Agribotix LLC)
• DICKEY-john Corporation
• Farmers Edge Inc.
• Grownetics
• Inc.
• Proagrica (SST Development Group
• Inc.)
• The Climate Corporation.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Precision Farming Agriculture Device Market

Which Region Dominates the Precision Farming Agriculture Device Market in 2024?

According to Cognitive Market Research, North America had the greatest revenue share in 2023. The region is an early adopter of technology. Factors such as increased government initiatives to promote the adoption of modern agricultural technologies and enhanced infrastructure have contributed to the region's high revenue

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific precision agriculture market is driven by factors, such as increasing population, rising food demand, and the adoption of advanced farming technologies.

The current report Scope analyzes Precision Farming Agriculture Device Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Precision Farming Agriculture Device Market Analysis

According to Cognitive Market Research, the global Precision Farming Agriculture Device market size was estimated at USD 10751.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4300.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Precision Farming Agriculture Device market with a market size of USD 3393.17 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. The U.S. market's strong government support and investment in agricultural research
• The Canada Precision Farming Agriculture Device market had a market share of USD 22.54 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Canada’s advanced technologies
• The Mexico Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 391.35 million in 2024.

Europe Precision Farming Agriculture Device Market Analysis

According to Cognitive Market Research, the global Precision Farming Agriculture Device market size was estimated at USD 10751.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3225.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• The United Kingdom Precision Farming Agriculture Device market had a market share of USD 541.88 million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. In the UK, Precision Farming Agriculture Device sales witness an upswing due to the increasing adoption of technology in agriculture .
• The France Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 296.74 million in 2024.
• According to Cognitive Market Research, the German Precision Farming Agriculture Device market size was valued at USD 638.64 million in 2024 and is projected to grow at a CAGR of 11.9% during the forecast period. In Germany, Precision Farming Agriculture Device surged due to the growing emphasis on sustainable farming practices.
• The Italy Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 277.39 million in 2024.
• The Russia Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 499.94 million in 2024.
• The Spain Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD 264.49 million in 2024
• The Luxembourg Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 99.99 million in 2024.
• The Portugal Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 67.73 million in 2024.
• The Greece Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 38.71 million in 2024.
• The Rest of Europe's Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 499.94 million in 2024.

Asia Pacific Precision Farming Agriculture Device Market Analysis

According to Cognitive Market Research, the global Precision Farming Agriculture Device market size was estimated at USD 10751.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2472.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Precision Farming Agriculture Device market size was valued at USD 1112.78 million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. Precision Farming Agriculture Device surged in China due to rising awareness of environmental issues.
• The Japan Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 341.25 million in 2024.
• The India Precision Farming Agriculture Device market had a market share of USD 296.74 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. India's rapid modernization of its agricultural sector.
• The South Korean Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 247.28 million in 2024.
• The Australian Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 128.59 million in 2024.
• The South East Asia Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 170.63 million in 2024.
• The Rest of Asia Pacific Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 175.57 million in 2024.

South America Precision Farming Agriculture Device Market Analysis

According to Cognitive Market Research, the global Precision Farming Agriculture Device market size was estimated at USD 10751.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 537.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Precision Farming Agriculture Device market size was valued at USD 230.08 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. Precision Farming Agriculture Devices flourished in Brazil due to increasing demand for food security.
• Argentina's Precision Farming Agriculture Device market had a market share of USD 90.31 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Argentina's growing population and urbanization.
• Colombia Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 47.84 million in 2024.
• Peru Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 44.08 million in 2024.
• Chile Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 38.71 million in 2024.
• The Rest of Latin America's Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 86.55 million in 2024.

Middle East Precision Farming Agriculture Device Market Analysis

According to Cognitive Market Research, the global Precision Farming Agriculture Device market size was estimated at USD 10751.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 215.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031..

• The GCC Countries Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 92.03 million in 2024. Precision Farming Agriculture Device sales flourish due to the increasing adoption of technology in agriculture a.
• The Egypt Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 22.58 million in 2024.
• The South Africa Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 33.97 million in 2024. Precision Farming Agriculture Device sales flourished in South Africa due to rising awareness of environmental issues.
• The Turkey Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 18.49 million in 2024.
• The Nigeria Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 22.58 million in 2024.
• The Rest of the MEA Precision Farming Agriculture Device market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 25.37 million in 2024.

Precision Farming Agriculture Device Market Analysis

Precision Farming Agriculture Device Market Type Segment Analysis

According to Cognitive Market Research, automation and control systems dominate the Precision Farming Agriculture Device Market. In general, they are important improvements in operating efficiencies through the automation of a variety of farm processes, including irrigation, planting, and harvesting. They are mandatory in modern farming practice due to their ability to easily integrate with other technologies

The sensing devices are the rapidly growing part of the system. Farming has become increasingly reliant on data-driven insights for more informed decision-making, therefore this also increases demand for more sophisticated sensing technologies; some include soil moisture sensors, weather stations, and crop health monitors. Such devices give real-time data, which maximizes resource use and improves crop yields.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Precision Farming Agriculture Device Industry. Request a Free Sample PDF!

Precision Farming Agriculture Device Market Application Segment Analysis

According to Cognitive Market Research, the yield monitoring sector accounted for the biggest revenue share in 2023 and is likely to maintain its dominance throughout the forecast period as it assists farmers in making field decisions. The segment is further divided into two categories: on-farm yield monitoring and off-farm yield monitoring. On-farm yield monitoring enables farmers to collect real-time data during harvest and build a historical geographical database

In the Precision Farming Agriculture Device Market, Crop scouting is the fastest-growing segment. Crop scouting involves applying various technological inputs, such as drones and sensors, to monitor crops. Monitoring helps identify many problems, including infestations of pests and diseases, and nutrient deficiency in crops. As there is increasing concern over sustainable agriculture and a need to intervene on time to maximize yields, demand for effective crop scouting solutions is growing. This segment is growing fast, driven by advances in imaging and data analytics technologies, as farmers seek to increase productivity with minimum losses.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Precision Farming Agriculture Device Farm size Segment Analysis

Precision Farming Agriculture Device Market Farm Size Segment Analysis

According to Cognitive Market Research, Large farms usually are the leading segment in the Precision Farming Agriculture Device Market. Such firms usually can afford the cost of investing in the latest precision farming technologies and benefit immensely from efficiency and productivity gains. They can operate at a level that lets them exploit data and automation to optimize their farming practice.

Small farms constitute the fastest-growing segment. The solution offering of precision farming has increasingly become available in the recent past, thus attracting small farmers to adopt it for increased yields and effective management of resources. The trend has been encouraged by the need for sustainable practices and the need to maintain competitiveness in the agricultural market.

• Small Farms
• Medium Farms
• Large Farm

Precision Farming Agriculture Device Technology Segment Analysis

Precision Farming Agriculture Device Market Technology Segment Analysis

According to Cognitive Market Research, In the Precision Farming Agriculture Device Market, the largest segment would be remote sensing. Using this technology, farmers can gather critical data from their fields, without having to physically approach them. Some of the instruments include satellites and drones. That will provide rich information about crop health, soil type, and environmental conditions. For all these reasons, it is an important constituent of precision agriculture practices.

The most rapidly growing segment would be data analytics. More and more data generation from diverse farming activities is being generated, farmers are using data analytics to interpret it effectively to make informed decisions in crop management and resource allocation and optimize the yield. The segment's rapid growth is primarily led by big data and advancement in analytical tools.

• Remote Sensing
• Telematics
• Data Analytics
• Cloud Computing

Precision Farming Agriculture Device End User Segment Analysis

Precision Farming Agriculture Device Market End User Segment Analysis

According to Cognitive Market Research, The dominating type in the Precision Farming Agriculture Device Market are farmers because they are the ones who have a need and a usage for precision farming technologies to their fullest, as these devices help them improve their efficiency, increase crop yields, and make better use of resources. What farmers look for and latch on to first is technologies that enhance their productivity, or in other words, give them sustainable agriculture

Agribusinesses is the fast-growing segment. As the agricultural sector becomes better, agribusinesses are choosing precision farming devices intending to make operations optimum and deliver better services to farmers. That would include data analytics, supply chain management, advanced machinery, and other solutions, thereby driving growth in this segment, which would look forward to adapting to changing market demands and technological advancements

• Farmers
• Agribusinesses
• Research Institutions

Precision Farming Agriculture Device Deployment Type Segment Analysis

Precision Farming Agriculture Device Market Deployment Type Segment Analysis

According to Cognitive Market Research, the cloud-based solution is at the top of the market for Precision Farming Agriculture Devices. The cloud-based platforms make possible storage, analysis, and retrieval of data by farmers from anywhere, thus allowing for real-time decisions and collaboration. Cloud solutions are very flexible and scale well, leaving them perfectly positioned for the generation of large volumes in precision farming devices.

On-premise solutions enjoy the fastest growth rate. While cloud-based systems are liked by many, there are still many farmers and agribusinesses that like on-premises solutions for data security and control reasons. The growing demand for customized solutions and data privacy drives their way into the market, which in turn produces a fast growth rate for them.

• On-Premise
• Cloud-Based

Author's Detail

Pratik Shirsath

Research Associate at Cognitive Market Research

LinkedIn

Profile

Pratik Shirsath is an accomplished Research Analyst with extensive expertise in the agriculture sector, bringing over one years of experience in market research and analysis. Pratik specializes in secondary research, competitive benchmarking, and data-driven insights that empower organizations to make strategic decisions and achieve their goals.

In his current role, Pratik leads research projects focused on the agriculture sector, driving initiatives that identify emerging market trends, assess competitive landscapes, and uncover growth opportunities. His proficiency in designing effective research methodologies and translating complex data into actionable strategies has consistently supported his organization’s objectives.

Pratik's dedication to delivering high-quality research and his in-depth knowledge of the agriculture industry have made him a trusted resource for his team and stakeholders. Passionate about innovation and sustainability in agriculture, he remains committed to advancing his expertise to navigate the evolving challenges and opportunities in the sector.

Author's Conclusion