The Precision Planting Market size was valued at USD 5.56 billion in 2023 and is expected to grow to USD 12.2 billion by 2031 and grow at a CAGR Of 10.29 % over the forecast period of 2024-2031.
Rising demand for precision planting due to the advantages such as optimal plant growth and higher crop yield, significant cost savings associated with precision planting and seeding equipment, and increasing pressure on the agriculture industry to increase food production are some of the major and important factors that will likely augment the growth of the precision planting market. On the other hand, growing telematics and connection services popularity, along with growing. Growing emphasis on improving farm productivity and agricultural output is what propels agriculture.
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By increasing the efficiency and predictability of routine tasks, precision planting contributes to the transformation of agriculture. Along with the growing demand for drones, seeding robots, and autonomous planters, these services will also help to provide a lot of chances that will fuel the expansion of the precision planting market throughout the period covered by the forecast.
Drones' short flight times, low battery reserves, and expensive operational, maintenance, and purchasing costs are likely to function as market limitations on the expansion of precision planting throughout the aforementioned anticipated period.
KEY DRIVERS:
Cost reductions brought on by technology for precise planting and seeding
When used to the fullest extent possible, precision planting and seeding technology may guarantee great returns in the agricultural industry. Precision provided by planting and seeding tools helps to ensure proper sowing depth and well-spaced seed placement. The introduction of sophisticated controllers, smart connection systems, liquid control and delivery systems, and other precision planting and seeding equipment with similar capabilities has also helped to increase the usage of this equipment. Farmers may achieve seed uniformity and maintain control over the depth of seed placements with the use of precision planting and seeding equipment. By gathering real-time geospatial data on soil crop yield, weather, and plant conditions, along with other related information, they help protect crops from natural calamities.
RESTRAIN:
The cost of acquisition, use, and upkeep is substantial.
The high cost of precision planting equipment is a significant commercial restraint. Precision planting involves the use of a variety of tools, including GPS, drones, GIS, VRT, satellite devices, and professional labor all of which have significant operating and maintenance expenses. Precision planting is more expensive per acre to operate than air seeding or opener drilling. Farmers or growers require technical expertise to manage precision planting equipment effectively. Therefore, impoverished farmers in emerging nations like India, China, and Brazil do not employ these instruments and practices.
OPPORTUNITY:
Combining smartphone applications with precise planting gear.
Currently, 48% of the world's population, or around 3.8 billion people use smartphones. The nations with the most smartphone users are China, India, and the US. Smartphones come with a variety of simple-to-use applications that make users' daily tasks easier. Similar to this, they assist farmers by offering data on meteorological and climatic conditions to facilitate rapid and efficient decision-making. The majority of agriculture-related businesses are now creating mobile applications for farmers to facilitate their job. To gather pictures, samples, and field data, these smartphone applications are connected to hardware like sensors, GPS receivers, and cameras. Additionally, they are linked to software that displays the data gathered and aids farmers in making decisions quickly.
CHALLENGE
The absence of technical standardization
Integration of agricultural data
In precision planting machinery, several interfaces, technologies, and protocols are applied. The absence of technical standardization and the challenge of system integration makes data representation challenging. Data integration on a single platform is a significant obstacle to the expansion of the precision planting sector. Precision planting frequently generates a large amount of pertinent data from some sources. The majority of these data concern soil testing, weather change, yield monitoring, and historical crop rotation in addition to mapping and variable rate seeding. This information is the only source used by precision planting to evaluate agricultural conditions.
IMPACT OF RUSSIAN UKRAINE WAR
Ukrainian agriculture has suffered enormous losses as a result of the conflict, especially in the eastern districts most affected by combat. newest Kyiv School of Economics estimates indicate that the destruction of agricultural infrastructure has cost over $6.6 billion. Additionally, the capacity of Ukrainian farmers to cultivate and export their commodities has been significantly hampered by the war.
The same source calculates that the conflict has increased indirect costs to agriculture by $36.2 billion, mostly in the form of lost output and greater transportation expenses for maintaining agricultural exports.
IMPACT OF ONGOING RECESSION
A recession may have both favorable and unfavorable consequences on the precision planting market, which involves the selling and use of cutting-edge planting tools and technologies. Due to financial restrictions, farmers may postpone or reduce their expenditures on precision planting technologies. They could put off buying non-necessary equipment in favor of critical costs, which would affect the overall demand for precision planting tools. Some farmers may be aware of the long-term advantages of precision planting technology to streamline their operations and cut expenses. Precision planting may be appealing in tough economic times due to its greater effectiveness, higher agricultural yields, and resource savings.
By Offering
Hardware
Automation and Control
Sensing and Monitoring
Software
SaaS
PaaS
Services
System Integration & Consulting
Managed Services
Connected Services
Assisted Professional Services
By Drive Type
Electric Drive
Hydraulic Drive
By System Type
High-Speed Precision Planting Systems
Precision Air Seeders
Drones
By Farm Size
Below 400 ha
Above 400 ha
By Application
Row Crops
Cereals, Oilseeds & Pulses
Forestry
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North America and South America are separate regions of the Americas. Due to the presence of a sizable number of large-scale farms and major players like Deere & Company (US), Precision Planting (a brand of AGCO) (US), Kinze Manufacturing Inc. (US), and Topcon (US), North America is predicted to hold the largest share of the precision planting market during the forecast period.
North America will lead the precision planting market. Due to the rising levels of investment in research & development activities, combined with other factors. To the presence of several market participants in the region and the high number of farms there, the Asia-Pacific region is anticipated to develop between 2022 and 2030.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major Playera are AG Leader Technology, Bourgault Industries Ltd., Buhler Industries Inc., Crh Industrial N.V., Davimac Group, Deere & Company, Dendra Systems, Dickey-John Corporation, Droneseed, Hexagon Agriculture, Kasco Manufacturing Inc., Kinze Manufacturing Inc., and other players are listed in a final report.
Crh Industrial N.V-Company Financial Analysis
The Trimble GFX-1060 and GFX-1260 guiding displays, the company's next-generation displays for use in precision agriculture, were released in October 2022. With these screens, farmers can precisely map and monitor field information in real-time and carry out in-field tasks quickly and effectively.
The 2150S Early Riser front-fold trailing planter from CNH Industrials' brand Case IH was introduced in February 2022 to provide farmers with a high-performance split-row configuration option to boost planting production.
For the 2023 planting season, Kinze Manufacturing released its new 3505 True Speed high-speed planter in February 2022, bringing cutting-edge technology and increased production to small farms and small fields.
Tempo L Central Fill was introduced by Vaderstad Industries Inc. in November 2021. It may be built with 16 or 24 rows, with a row spacing of 450 to 762.
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.56 Bn |
| Market Size by 2031 | US$ 12.2 Bn |
| CAGR | CAGR of 10.29% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (hardware, Software, Services) • By System Type (High-Speed Precision Planting Systems, Precision Air Seeders, Drones) • By Drive Type (Electric Drive, Hydraulic Drive) • By Farm Size (Below 400 ha, above 400 ha) • By Application (Row Crops, Cereals, Oilseeds & Pulses, Forestry) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | AG Leader Technology, Bourgault Industries Ltd., Buhler Industries Inc., Crh Industrial N.V., Davimac Group, Deere & Company, Dendra Systems, Dickey-John Corporation, Droneseed, Hexagon Agriculture, Kasco Manufacturing Inc., Kinze Manufacturing Inc. |
| Key Drivers | • Cost reductions brought on by technology for precise planting and seeding |
| Market Opportunities | • Combining smartphone applications with precise planting gear. |
Ans: Precision Planting Market is anticipated to expand by 10.29 % from 2024 to 2031.
Ans: USD 12.2 billion is expected to grow by 2031.
Ans: Precision Planting Market size was valued at USD 5.1 billion in 2022
Ans: North America will lead the precision planting market.
Ans: The absence of technical standardization and Integration of agricultural data.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Precision Planting Market Segmentation, By Type
8.1 LCD
8.2 OLED
8.3 EPD
8.4 Others
9. Precision Planting Market Segmentation, By Material Type
9.1 Glass
9.2 Plastic
9.3 Metal
10. Precision Planting Market Segmentation, By Application
10.1 Smartphone
10.2 Smartwatch
10.3 Wearable (Excluding Smartwatches)
10.4 TV
10.5 E-reader
10.6 Automotive & Transportation
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1North America Precision Planting Market by Country
11.2.2North America Precision Planting Market by Type
11.2.3 North America Precision Planting Market by Material Type
11.2.4 North America Precision Planting Market by Application
11.2.5 USA
11.2.5.1 USA Precision Planting Market by Type
11.2.5.3 USA Precision Planting Market by Material Type
11.2.5.4 USA Precision Planting Market by Application
11.2.6 Canada
11.2.6.1 Canada Precision Planting Market by Type
11.2.6.3 Canada Precision Planting Market by Material Type
11.2.6.4 Canada Precision Planting Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Precision Planting Market by Type
11.2.7.3 Mexico Precision Planting Market by Material Type
11.2.7.4 Mexico Precision Planting Market by Application
11.3 Europe
11.3.1 Europe Precision Planting Market by Country
1.3.3.2 Europe Precision Planting Market by Type
11.3.3 Europe Precision Planting Market by Material Type
11.3.4 Europe Precision Planting Market by Application
11.3.5 Germany
11.3.5.1 Germany Precision Planting Market by Type
11.3.5.2 Germany Precision Planting Market by Material Type
11.3.5.3 Germany Precision Planting Market by Application
11.3.6 UK
11.3.6.1 UK Precision Planting Market by Type
11.3.6.2 UK Precision Planting Market by Material Type
11.3.6.3 UK Precision Planting Market by Application
11.3.7 France
11.3.7.1 France Precision Planting Market by Type
11.3.7.2 France Precision Planting Market by Material Type
11.3.7.3 France Precision Planting Market by Application
11.3.8 Italy
11.3.8.1 Italy Precision Planting Market by Type
11.3.8.2 Italy Precision Planting Market by Material Type
11.3.8.3 Italy Precision Planting Market by Application
11.3.9 Spain
11.3.9.1 Spain Precision Planting Market by Type
11.3.9.2 Spain Precision Planting Market by Material Type
11.3.9.3 Spain Precision Planting Market by Application
11.3.10 The Netherlands
11.3.10.1 Netherlands Precision Planting Market by Type
11.3.10.2 Netherlands Precision Planting Market by Material Type
11.3.10.3 Netherlands Precision Planting Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Precision Planting Market by Type
11.3.11.2 Rest of Europe Precision Planting Market by Material Type
11.3.11.3 Rest of Europe Precision Planting Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Precision Planting Market by Country
11.4.2 Asia Pacific Precision Planting Market by Type
11.4.3 Asia Pacific Precision Planting Market by Material Type
11.4.4 Asia Pacific Precision Planting Market by Application
11.4.5 Japan
11.4.5.1 Japan Precision Planting Market by Type
11.4.5.2 Japan Precision Planting Market by Material Type
11.4.5.3 Japan Precision Planting Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Precision Planting Market by Type
11.4.6.2 South Korea Precision Planting Market by Material Type
11.4.6.3 South Korea Precision Planting Market by Application
11.4.7 China
11.4.7.1 China Precision Planting Market by Type
11.4.7.2 China Precision Planting Market by Material Type
11.4.7.3 China Precision Planting Market by Application
11.4.8 India
11.4.8.1 India Precision Planting Market by Type
11.4.8.2 India Precision Planting Market by Material Type
11.4.8.3 India Precision Planting Market by Application
11.4.9 Australia
11.4.9.1 Australia Precision Planting Market by Type
11.4.9.2 Australia Precision Planting Market by Material Type
11.4.9.3 Australia Precision Planting Market by Application
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Precision Planting Market by Type
11.4.10.2 APAC Precision Planting Market by Material Type
11.4.10.3 APAC Precision Planting Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Precision Planting Market by Country
11.5.2 The Middle East & Africa Precision Planting Market by Type
11.5.3 The Middle East & Africa Precision Planting Market by Material Type
11.5.4 The Middle East & Africa Precision Planting Market by Application
11.5.6 Israel
11.5.6.1 Israel Precision Planting Market by Type
11.5.6.2 Israel Precision Planting Market by Material Type
11.5.6.3 Israel Precision Planting Market by Application
11.5.6 UAE
11.5.6.1 UAE Precision Planting Market by Type
11.5.6.2 UAE Precision Planting Market by Material Type
11.5.6.3 UAE Precision Planting Market by Application
11.5.7 South Africa
11.5.7.1 South Africa Precision Planting Market by Type
11.5.7.2 South Africa Precision Planting Market by Material Type
11.5.7.3 South Africa Precision Planting Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Precision Planting Market by Type
11.5.8.2 Rest of Middle East & Asia Precision Planting Market Material Type
11.5.8.2 Rest of Middle East & Asia Precision Planting Market by Application
11.6 Latin America
11.6.1 Latin America Precision Planting Market by Country
11.6.2 Latin America Precision Planting Market by Type
11.6.3 Latin America Precision Planting Market by Material Type
11.6.4 Latin America Precision Planting Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Precision Planting Market by Type
11.6.5.2Brazil Precision Planting Market by Material Type
11.6.5.3 Brazil Precision Planting Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Precision Planting Market by Type
11.6.6.2 Argentina Precision Planting Market by Material Type
11.6.6.3 Argentina Precision Planting Market by Application
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Precision Planting Market by Type
11.6.7.2 Rest of Latin America Precision Planting Market by Material Type
11.6.7.3 Rest of Latin America Precision Planting Market by Application
12. Company Profile
12.1 AG Leader Technology,
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Bourgault Industries Ltd.,
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Buhler Industries Inc.,
12.4.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Crh Industrial N.V.,
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Davimac Group,
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Deere & Company,
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Dendra Systems
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Dickey-John Corporation
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Hexagon Agriculture
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Kasco Manufacturing Inc.,
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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