Precision Planting Market Size - By Offering (Hardware, Software, Services), By System Type (High-speed Precision Planting System, Precision Air Seeder, Drones), Crop Type (Row Crops, Grains, Oilseeds & Pulses, Forestry), Drive Type & Forecast, 2023 – 2032
Precision Planting Market Size - By Offering (Hardware, Software, Services), By System Type (High-speed Precision Planting System, Precision Air Seeder, Drones), Crop Type (Row Crops, Grains, Oilseeds & Pulses, Forestry), Drive Type & Forecast, 2023 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationPrecision Planting Market Size
Precision Planting Market was valued at USD 5.2 billion in 2022 and projected to showcase over 10.1% CAGR from 2023 to 2032. As labor costs continue to rise, the ability to automate & streamline planting operations will become increasingly attractive to farmers, making precision planting solutions a cost-effective & sustainable choice for modern agriculture. For instance, in February 2022, Kinze Manufacturing launched its new 3505 True Speed high-speed planter for the 2023 season, providing advanced technology and improved productivity in smaller farms or small fields.
To get key market trends
Precision handling refers to the accurate & controlled manipulation of objects or equipment with a high degree of accuracy and finesse. It involves minimizing errors and maintaining exact positioning & movement, often in applications such as manufacturing, robotics, and medical procedures. Precision handling is essential in tasks where small deviations or mistakes can have significant consequences or impact product quality. It relies on specialized tools, technologies, and techniques to achieve meticulous control & desired outcomes.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Precision Planting Market Size in 2022 | USD 5.2 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 10.1% |
| 2032 Value Projection | USD 10 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 342 |
| Segments covered | Offering, System Type, Drive Type, Crop Type & Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Precision planting technologies necessitate significant investments in equipment and experience, rendering them unfeasible for small landholders with limited resources. The scarcity of skilled personnel also exacerbates the problem as running and maintaining complex planting technologies necessitate specialized knowledge. These limits impede the adoption of precision planting methods, particularly in places where agriculture is largely small-scale. To enable broader access and gain advantages from precision planting practices, overcoming these difficulties may demand specialized support, education, and technology customization.
COVID-19 Impact
The COVID-19 pandemic had mixed impacts on the precision planting market. Initially, supply chain bottlenecks and manpower shortages hindered production & installation. Due to economic uncertainty, many farmers delayed or reduced their precision planting investments. On the other hand, the pandemic highlighted the significance of food security and agricultural resilience, sparking interest in precision planting technology to maximize crop yields and reduce labor dependency. The market witnessed a revival when the agriculture sector showed resiliency with many farmers investing in advanced planting equipment & technologies to improve efficiency, productivity, and sustainability.
Precision Planting Market Trends
VRT (Variable-Rate Technology) is the practice of adjusting planting rates, seed spacing, and other parameters based on real-time data. By using precision planting technology to plant seeds according to the specific needs of each field area, farmers can optimize crop yields while minimizing input costs. This trend is being driven by the desire to maximize efficiency and sustainability as it ensures that resources, such as seeds and fertilizers, are used precisely where needed. IoT and remote monitoring can be utilized for the real-time tracking of planting operations, thereby enabling better decision-making and troubleshooting.
Automation and robotics are increasingly being integrated into precision planting systems. Autonomous planting equipment can operate without human intervention, improving efficiency and reducing labor requirements. Robots equipped with advanced sensors & actuators ensure precise seed placement, depth control, and spacing. These technologies are particularly valuable for tasks, such as planting in challenging soil conditions or hilly terrains, where precision is essential for optimal crop performance.
Precision Planting Market Analysis
Learn more about the key segments shaping this market
Based on offering, the market is segmented into hardware, software, and services. The hardware segment is further divided into automation & control and sensing & monitoring. The hardware segment dominated over 60% of the market share in 2022.
- Precision planting provides various planting equipment & components designed to improve planting accuracy and efficiency. This may include specialized planter units, seed meters, downforce control systems, and row cleaners. Some of these equipment also include equipment for precise fertilizer placement during planting to optimize nutrient distribution for optimal crop growth.
- Some of this equipment also include yield monitoring technology, allowing farmers to measure & record crop yields accurately. This feature allows farmers to assess the effectiveness of planting practices.
Learn more about the key segments shaping this market
Based on drive type, the market is divided into electric drive and hydraulic drive. The electric drive segment is anticipated to register 10% CAGR throuh 2032.
- Electric drives enable variable rate planting, which means the seed population can be adjusted on the go. This is based on data & mapping, enabling farmers to plant more seeds in areas with high yield potential and fewer seeds in less productive areas. Electric drives provide precise control over planting depth, spacing, and speed. This consistency is essential for optimal seed placement, which can significantly impact crop yields.
- These systems often offer user-friendly interfaces and remote monitoring capabilities. Farmers can adjust & monitor the planter's performance from the cab of their tractor, enhancing efficiency and reducing operator fatigue. Many electric drive systems are integrated with data collection capabilities, which can provide valuable insights for future planting decisions and overall farm management.
Looking for region specific data?
Picture thisNorth America is like the king of the precision planting market, holding a whopping 35% share. Why? Well, farmers are all about using smart tech to grow better crops with less waste. Precision planting lets them put seeds in the ground just right, spacing them evenly and at the perfect depth. This means healthier crops that all grow at the same rate. And it's not just a nice bonus, it's a necessity with our changing climate and the need to farm more sustainably. Farmers are also getting help from data wizards and smart ag tools. They can crunch the numbers and tell farmers exactly what they need to know to make the best decisions for their crops. So, it's no wonder the precision planting market is booming in North America – it's the key to feeding the future in a smarter, greener way.
Precision Planting Market Share
Major participants focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some of the major players operating in the precision planting industry are mentioned below
- Ag Leader Technology
- Agco Corporation
- CNH Industrial
- Deere & Company
- Kinze Manufacturing
- Topcon Positioning Systems
- Trimble Inc.
Precision Planting Market News
- In February 2022, Case IH, a brand of CNH Industrial, launched the 2150S Early Riser front-fold trailing planter to provide producers with a high-performance split-row configuration option to increase planting productivity.
- In December 2021, Vaderstad Industries Inc. launched the Tempo L 16-24 Central Fill. Depending on the model, the new Tempo L Central Fill will be offered with either 16 or 24 rows with row spacing options ranging from 450mm to 762mm. The new hopper installed on the machine can hold 2,200 liters of seeds and 5,000 liters of fertilizers for a total capacity of 7,200 liters.
This precision planting market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Offering
- Hardware
- Automation & control
- Sensing & monitoring
- Software
- Services
By System Type
- High-speed precision planting system
- Precision air seeder
- Drones
By Drive Type
- Electric drive
- Hydraulic drive
By Crop Type
- Row crops
- Grains, oilseeds & pulses
- Forestry
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Singapore
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Related Reports
- Functional Flours Market By Type (Specialty Flour and Conventional Flour), By Source (Cereals and Legumes), By Applicati...
- Food Emulsifiers Market By Type (Mono and di-glycerides and their Derivatives, Lecithin, Sorbitan Ester, Polyglycerol Es...
- Fermented Ingredients Market By Type (Amino Acids, Organic Acids, Polymers, Vitamins, Industrial Enzymes, and Antibiotic...
- Herbal Supplements Market By Form (Tablets, Syrups, Oils, Powder, Others), By Source (Leaves, Fruit, Roots, Vegetables, ...
- Meat Substitutes Market By Type (Patties, Crumbles & Grounds, Hot Dogs, Sausages, Nuggets, Meatballs, and Other), By Sou...
- Industrial Starch Market By Type (Native Starch, Starch Derivatives and Sweeteners), By Source (Corn, Wheat, Cassava, Po...
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy