The Precision Planting Market is estimated to be worth USD 3.6 billion in 2020 and projected to reach USD 4.6 billion by 2025, at a CAGR of 5.1%.

Due to the growing worldwide population, the most major driver driving the precision planting market is the increased focus on agricultural efficiency and crop productivity. Precision planting has the potential to revolutionise the agriculture sector by increasing the efficiency and predictability of traditional farming activities. The high demand for agricultural products due to population growth, increased adoption of VRT, remote sensing technology, and guidance technologies by farmers around the world, and strong government support for precision planting techniques are the major factors driving the precision planting market forward. Several governments are establishing subsidiaries and marketing the advantages of precision planting to raise awareness of the technology's benefits. Farmers benefit from the significant cost savings gained by adopting precision planting and sowing equipment.

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Hardware to hold largest market share during forecast period

From 2020 to 2025, the hardware sector is predicted to continue to dominate the precision planting market. The rising adoption of automation and control devices, such as drones/unmanned aerial vehicles (UAV), GPS devices, control systems, guidance systems, delivery systems, and display systems, is attributable to the rise of this category. Hardware including as delivery systems, control systems, seed metres, sensors, and GPS devices are essential in precision planters for accurate seed planting and equal seed distribution. In agricultural vehicles, GPS-based auto-guidance technology is utilised to eliminate overlaps during the field mapping process, saving fuel, labour, and time but also causing soil compaction. The growing use of modern planting and sowing equipment that includes new characteristics like as .

High-speed precision planting systems to hold largest market share between 2020 and 2025

The high-speed precision planting systems segment is expected to hold the largest share of the precision planting market in 2020, and a similar trend is likely to continue in the coming years. High RoI and growing awareness about the benefits of using these planting systems among farmers are the primary reasons for the largest market share of this segment. Precision planters with GPS-based auto-guidance technology allow growers to reduce the overlapping of seeds during the planting process, thereby substantially saving on the input costs. High-speed precision planters are available in different row sizes, ranging from portable 2-row planters to 48-row planters, which are suitable for all types of farms, and hence, have a higher adoption rate. Integration of technologies such as guidance systems, smart metering systems, variable rate seeding systems, and sophisticated sensors in planters have made them a preferred choice among the owners of large farms.

Row crops application to account for larger share of precision planting market in 2020

The row crops application is expected to capture the largest size of the precision planting market in 2020. Precision planting equipment and systems are widely used for row crops for precise seed distribution within a row. High-speed precision planting systems are used to plant row crops majorly on large farms. Row crops mainly include corn, soybean, and canola, where the singulation of seeds influences crop yield. Such crops are sown mostly on farms sized above 400 ha, which are majorly found in the US, Canada, Argentina, Brazil, and Australia.

Farms below 400 ha to hold largest market share between 2020 and 2025

Farms smaller than 400 hectares are common in Europe, APAC, and Africa regions. There are around 80 million farms in the world sized between 100 and 400 hectares. The use of compact precision planting systems is more prevalent in such farms due to the associated benefits such as high productivity due to precise inputs of seeds, good seed-to-soil contact, ability to plant thousands of seeds per minute, and less dependency on labor. These farms are extensively adopting precision planting systems as the farmers have a considerable disposable income to invest in the technologically advanced planting devices and equipment. Precision air seeders also find high adoption in farms with a size smaller than 400 ha.

Hydraulic drive to hold largest market share between 2020 and 2025

Because of its improved features and capacity to assist producers to avoid seed overlapping, hydraulic drive is predicted to have a bigger market share. At the moment, all advanced planters and seeders have either an electric or hydraulic drive. Increased adoption of high-speed precision planters and precision air seeders, as well as growing knowledge of the benefits of current precision planting systems among farmers, are assisting the expansion of hydraulic drive-based precision planting systems. High-speed precision planting systems with hydraulic drive are becoming more popular as people prefer modern planting equipment to reduce human work and save money.

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North America to hold largest share of precision planting market from 2020 to 2025

North America is expected to account for the largest share of the precision planting market in 2020 owing to the presence of a substantial number of large farms and major players such as Deere & Company (US), AGCO Corporation (US), and Topcon Positioning Systems (US) in this region. These companies have contributed to the growth of the precision planting market by launching innovative products and services, and by extensively spending on the R&D of precision planting technologies. Further, countries in this region, such as the US and Canada, are the early adopters of precision planting technologies since these countries have a large number of progressive farmers with bigger farms.