Posted 4/7/2024, 8:30:00 AM
Precision Farming Market to Reach $28B by 2032, Driven by Tech Advancements and Sustainability Needs
- Precision farming market valued at USD 11.3B in 2023, expected to reach USD 28.2B by 2032 at a CAGR of 10.7%
- Driven by increasing global food demand and emphasis on sustainable agriculture
- Technological advancements in GPS and GIS playing major role
- Government subsidies and grants encouraging adoption of modern techniques
- North America holds significant market share, U.S. has 27% of farmers using precision techniques