The precision farming market is in the introductory growth phase and is expected to grow further due to the growing adoption of global positioning system (GPS), guidance, and remote sensing technologies by farmers/growers. The precision farming market is expected to grow from USD 8.5 billion in 2022 to USD 15.6 billion by 2030, at a CAGR of 7.9%. Precision farming has the potential to transform the agriculture industry by making traditional farming activities more efficient and predictable. The major technologies used for precision farming are smart sensors, GPS, GNSS, auto-steering and guidance technology, and variable rate technology (VRT), among others. In the next 10 years, advanced technologies in precision farming are expected to gain momentum and reduce the need for and costs associated with manual labor.

Source: The North Africa Journal October 09, 2023 09:46 UTC