Grand View Research: Precision farming to reach US$10.7bn market size by 2025

4427657 73c76fc3Precision farming is to be worth over US$10bn by 2025. (Image source: Adrian S Pye/Commons)The global precision farming market is expected to reach US$10.70bn by 2025, according to a new report by Grand View Research, Inc

A report by Grand View Research has stated that by the year 2025, the global precision farming market will be worth over US$10bn worldwide, with the Asian market growing significantly. 

Further key findings from the report suggest: 

- Precision farming are gaining traction in the market, owing to the increasing awareness for enhanced production and less wastage

- Variable rate technology is anticipated to witness significant growth over the forecast period, owing to the increased adoption of technology across the industry

- The Asia-Pacific region is projected to witness enormous growth with the increasing adoption of advanced technology in the countries, which include South Korea, China, and Japan

- The prominent players in the precision agriculture market are Dickey-John Corporation, Precision Planting, Inc., Raven Industries, SST Development Group, Inc.

Precision farming is an agriculture technique which enables the efficient farming and improves the productivity with the application of various technologies.

Precision farming comes in a variety of forms. One form is data management. farmers can utilise the advance of geo-location tracking to optimise yields and energy saving methods. Geographic positioning systems, GPS, as it is commonly known,  also helps farmers to track and control their land more effectively. 

The report can be viewed here

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