Europe Precision Farming Market Size & Share Analysis – Growth Trends & Forecasts (2025 – 2030)

The Europe Precision Farming Market Report is Segmented by Technology(Guidance Systems, Remote Sensing, Variable Rate Technology, Drones and UAVs, and Other Technologies), Components(hardware, Software, and Services), Application(yield Monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting, Other Application), and Geography (Germany, United Kingdom, Italy, France, and the Rest of Europe). The Market Size and Estimation Will Be Provided in Terms of Value (USD) for the Above-Mentioned Segments.

Europe Precision Farming Market Size & Share Analysis – Growth Trends & Forecasts (2025 – 2030)

Europe Precision Farming Market Size

Study Period 2019 – 2030
Base Year For Estimation 2023
Forecast Data Period 2025 – 2030
Market Size (2025) USD 3.99 Billion
Market Size (2030) USD 8.13 Billion
CAGR (2025 – 2030) 15.30 %
Market Concentration High

Major Players

Europe Precision Farming Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Precision Farming Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

Europe Precision Farming Market Analysis

The Europe Precision Farming Market size is estimated at USD 3.99 billion in 2025, and is expected to reach USD 8.13 billion by 2030, at a CAGR of 15.3% during the forecast period (2025-2030).

  • The precision farming market in Europe is experiencing rapid growth, propelled by technological advancements and an increased focus on sustainable agricultural practices. Farmers are utilizing tools such as GPS, drones, and IoT devices to improve crop yields and manage resources more efficiently.
  • Government support plays a crucial role in the market’s expansion. The European Union’s Horizon Europe Programme (2021-2027), with a budget of about USD 104 billion, promotes the adoption of precision farming. This initiative encourages innovation and collaboration, facilitating the development and implementation of precision farming technologies across the region.
  • Key technologies in the market include guidance systems, remote sensing, and variable rate technology. These tools enhance crop monitoring, soil health assessments, and farm productivity. Integrating real-time data and advanced analytics enables farmers to make more informed decisions tailored to their specific crop requirements. According to the European Union Precision Agriculture Policy & Adoption Outlook 2023, the United Kingdom leads in precision agriculture adoption in the region, with Scotland at 85% adoption within the UK, followed by 43% of Irish farmers. Germany and Denmark are also major adopters of these technologies.
  • The growing consumer interest in sustainable food production aligns with precision farming practices, which reduce environmental impact through efficient resource use. This trend addresses market demands and presents opportunities for farmers in premium, eco-friendly markets. With ongoing technological progress and strong policy support for sustainable agriculture, the future of precision farming in Europe appears promising.

Europe Precision Farming Industry Overview

The European precision farming market is highly concentrated. Deere & Company, Bayer Crop Science, Agco corporation, CLAAS KGaA mbH and Corteva. are the key players in the market. The companies operating in Europe are focusing on R&D and product launches, along with innovations and partnerships.

Europe Precision Farming Market Leaders

  1. John Deere
  2. Bayer
  3. AGCO Corporation
  4. CLAAS KGaA mbH (365FarmNet)
  5. Corteva (Granular Inc.)
  6. *Disclaimer: Major Players sorted in no particular order
Europe Precision Farming Market Concentration

Europe Precision Farming Market News

  • April 2024: AGCO Corporation has established a joint venture with Trimble, creating a new company named PTx Trimble. Trimble’s established presence in multiple European countries brings significant experience and market reach to this collaboration, enhancing efforts to promote precision farming technologies across the region.
  • December 2023: NIK, a Bulgarian precision farming technology company, has collaborated with Bayer to introduce the FieldView Spray Kit. This new tool aims to enhance farming operations by optimizing processes, reducing expenses, and improving sustainability. The kit achieves these goals through real-time monitoring capabilities, precise calibration features, and advanced data analytics.
  • April 2023: AGCO Corporation partnered with Bosch BASF Smart Farming to introduce and promote Smart Spraying technology on Fendt Rogator sprayers. The collaboration also involves joint efforts to develop new innovative features.

Europe Precision Farming Market Report – Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Government Support and Subsidies
    • 4.2.2 Technological Advancements
    • 4.2.3 Increasing Demand for Sustainable Agriculture
  • 4.3 Market Restraints
    • 4.3.1 Regulatory and Standardization Challenges
    • 4.3.2 High Initial Cost
  • 4.4 Porter’s Five Forces Analysis
    • 4.4.1 Bargaining Power Of Suppliers
    • 4.4.2 Bargaining Power Of Buyers
    • 4.4.3 Threat Of New Entrants
    • 4.4.4 Threat Of Substitute Products And Services
    • 4.4.5 Degree Of Competition

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Guidance System
    • 5.1.1.1 Global Positioning System (GPS)/ Global Satellite Navigation System (GNSS)
    • 5.1.1.2 Global Information System (GIS)
    • 5.1.2 Remote Sensing
    • 5.1.3 Variable Rate Technology
    • 5.1.3.1 Variable Rate Fertilizer
    • 5.1.3.2 Variable Rate Seeding
    • 5.1.3.3 Variable Rate Pesticide
    • 5.1.4 Drones and UAVs
    • 5.1.5 Other Technologies
  • 5.2 Components
    • 5.2.1 Hardware
    • 5.2.2 Software
    • 5.2.3 Services
  • 5.3 Application
    • 5.3.1 Yield Monitoring
    • 5.3.2 Variable Rate Application
    • 5.3.3 Field Mapping
    • 5.3.4 Soil Monitoring
    • 5.3.5 Crop Scouting
    • 5.3.6 Other Application
  • 5.4 Geography
    • 5.4.1 Germany
    • 5.4.2 France
    • 5.4.3 United Kingdom
    • 5.4.4 Italy
    • 5.4.5 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 AGCO Corporation
    • 6.3.2 TopCon Corporation
    • 6.3.3 Corteva (Granular Inc.)
    • 6.3.4 CNH Industrial N.V. (Raven)
    • 6.3.5 Deere & Company
    • 6.3.6 Teejet Technologies
    • 6.3.7 CLAAS KGaA mbH (365FarmNet)
    • 6.3.8 AG Leader Technology Inc.
    • 6.3.9 Pottinger Landtechnik Gmbh group (MaterMacc)
    • 6.3.10 Bayer Cropscience AG
    • 6.3.11
    • 6.3.12
    • 6.3.13

7. MARKET OPPORTUNITIES AND FUTURE TREND

Europe Precision Farming Industry Segmentation

Precision farming is the adoption of a highly precise set of practices that uses technology to cater to the needs of individual plots and crops. It is a farming management concept based on observing, measuring, and responding to inter and intra-field variability in crops.

The market is segmented by Technology(Guidance systems, Remote sensing, Variable Rate Technology, Drones and UAVs, and Other technologies), Components(Hardware, Software, and Services), Application(Yield monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting, Other Application), and Geography (Germany, United Kingdom, Italy, France, and the Rest of Europe). The market size and estimation will be provided in terms of value (USD) for the above-mentioned segments.

Technology Guidance System Global Positioning System (GPS)/ Global Satellite Navigation System (GNSS)
Global Information System (GIS)
Technology Remote Sensing
Variable Rate Technology Variable Rate Fertilizer
Variable Rate Seeding
Variable Rate Pesticide
Drones and UAVs
Other Technologies
Components Hardware
Software
Services
Application Yield Monitoring
Variable Rate Application
Field Mapping
Soil Monitoring
Crop Scouting
Other Application
Geography Germany
France
United Kingdom
Italy
Rest of Europe

Europe Precision Farming Market Research Faqs

How big is the Europe Precision Farming Market?

The Europe Precision Farming Market size is expected to reach USD 3.99 billion in 2025 and grow at a CAGR of 15.30% to reach USD 8.13 billion by 2030.

What is the current Europe Precision Farming Market size?

In 2025, the Europe Precision Farming Market size is expected to reach USD 3.99 billion.

Who are the key players in Europe Precision Farming Market?

John Deere, Bayer, AGCO Corporation, CLAAS KGaA mbH (365FarmNet) and Corteva (Granular Inc.) are the major companies operating in the Europe Precision Farming Market.

What years does this Europe Precision Farming Market cover, and what was the market size in 2024?

In 2024, the Europe Precision Farming Market size was estimated at USD 3.38 billion. The report covers the Europe Precision Farming Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Precision Farming Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.