The United States agtech market reached around USD 5.57 Billion in 2024. The market is estimated to grow at a CAGR of 8.40% between 2025 and 2034 to reach around USD 12.48 Billion by 2034.

In 2021, the market value of agricultural technology (agtech) in North America stood at approximately *** billion U.S. dollars, the largest value compared to other regions in the world. The agtech market consists of the following segments: agricultural management platforms, supply chain and inventory management solutions, GPS services and field mapping services, agricultural monitoring services, and micro-farming solutions.

United States AI in Agriculture Market was valued at USD 351.09 Million in 2023 and is anticipated to reach USD 705.74 Million in the forecast period with a CAGR of 12.30% through 2029.

Precision agriculture systems and services have experienced substantial growth over the past five years. This growth is primarily driven by the increased adoption of IoT and smart devices, allowing farmers to optimize production efficiencies through real-time data on soil conditions, crop health and weather patterns. Despite initial disruptions from the COVID-19 pandemic, the industry demonstrated resilience due to technological advancements, improved agricultural markets and increasing demand for larger equipment. As a result, industry revenue has grown at a CAGR of 10.9% to $7.6 billion in 2024, with a 1.4% increase in 2024 alone. Advances in drone technology, precision farming software and data analytics have further contributed to this robust growth, enabling more precise and efficient farming practices. Industry profit is predominantly driven by demand from agribusiness sectors, government support and ongoing technological innovations. The various downstream markets, including farm machinery manufacturers, family-owned farms and publicly funded research operations, significantly contribute to revenue generation. The rapid adoption of cutting-edge technologies such as AI, ML and smart devices, combined with government policies promoting sustainable agricultural practices, has bolstered industry profit during the current period. Additionally, partnerships between tech companies and agricultural firms have accelerated innovation, enhancing the capabilities of precision agriculture technologies and supporting higher profitability for machinery manufacturers and service providers. The industry is projected to sustain its robust expansion, growing at a CAGR of 2.7% to $8.7 billion over the next five years. The continuation of favorable policies, such as the potential renewal of the Farm Bill, will support rural development and provide financial aid that make precision agriculture products more accessible. Advances in AI and machine learning will further revolutionize farm management through predictive analytics and automated decision-making capabilities. However, challenges persist, such as the reluctance of some farmers to adopt new technologies and concerns over data security and privacy. Despite these challenges, the expansion of autonomous farming equipment and the increased penetration of broadband and mobile technologies in rural areas are expected to drive greater acceptance and integration of precision agriculture practices, ensuring the industry's sustained growth and profitability.

The United States precision farming software market is poised for substantial expansion, driven by a projected Compound Annual Growth Rate (CAGR) of 11.10% from 2019 to 2033. While the specific market size for 2025 is not provided, given the robust CAGR and the historical data, it's reasonable to estimate a significant market value in the millions. This growth is primarily fueled by the increasing adoption of advanced agricultural technologies aimed at optimizing crop yields, reducing resource wastage, and improving overall farm management efficiency. Key drivers include the demand for enhanced food production to meet a growing population, the imperative to minimize environmental impact through precise application of fertilizers and pesticides, and the growing availability of sophisticated data analytics tools. Farmers are increasingly recognizing the economic and environmental benefits of precision agriculture, leading to a greater investment in software solutions that enable data-driven decision-making. The landscape of precision farming software in the United States is characterized by rapid innovation and intense competition, with established players and emerging companies vying for market share. Leading companies such as AGJunction Inc., Deere & Company, IBM Corporation, AG DNA, Trimble Inc., Bayer CropScience A, TopCon Corporation, Granular Inc., AGCO Corporation, and AG Leader Technology Inc. are at the forefront of developing and deploying these solutions. The market is segmented across production analysis, consumption analysis, import and export markets (both value and volume), and price trend analysis, providing a comprehensive view of its dynamics. While specific trends are not detailed, the overarching trend is towards more integrated, cloud-based, and AI-powered platforms that offer real-time insights and automated control, further solidifying the market's upward trajectory and making it a critical sector within the agricultural technology ecosystem. Key drivers for this market are: Increasing Legalization of Cannabis, Growing Focus on Health Benefits of Cannabis. Potential restraints include: Lack of Data on Dosages and Results, Lack of Access to Financial Assistance. Notable trends are: Farm Labor Shortage and Rise in Average Farm Size.

AgTech Data Platform Market Outlook

According to our latest research, the Global AgTech Data Platform market size was valued at $2.1 billion in 2024 and is projected to reach $8.4 billion by 2033, expanding at a robust CAGR of 16.7% during the forecast period of 2025 to 2033. The primary driver of this market’s impressive growth is the accelerating adoption of digital technologies and data-driven solutions across the agriculture sector, which is transforming traditional farming into highly efficient, sustainable, and scalable operations. As climate change, resource scarcity, and population growth intensify the demand for higher yields and sustainable practices, AgTech data platforms have emerged as critical enablers, empowering stakeholders to make informed decisions, optimize resource allocation, and enhance overall productivity.

Regional Outlook

North America currently dominates the AgTech Data Platform market, accounting for the largest share of global revenues, with a value exceeding $800 million in 2024. This leadership position is primarily attributed to the region’s mature agricultural sector, widespread adoption of precision agriculture technologies, and a strong ecosystem of AgTech startups and established players. The United States, in particular, benefits from robust government support, advanced research institutions, and extensive investment in digital infrastructure, all of which have accelerated the implementation of data-driven solutions. Additionally, the presence of large-scale commercial farms and a high level of digital literacy among farmers further underpin North America’s dominance in this sector.

Asia Pacific is projected to be the fastest-growing region in the AgTech Data Platform market, with an anticipated CAGR exceeding 19% through 2033. This rapid expansion is fueled by surging investments in agricultural modernization, government initiatives to enhance food security, and the rising adoption of smart farming practices in countries such as China, India, and Australia. The region’s vast arable land, coupled with its large population base, is creating significant demand for scalable, technology-driven solutions that can boost productivity and ensure sustainability. Moreover, the influx of venture capital and strategic partnerships between global and local players are further accelerating the penetration of AgTech data platforms across Asia Pacific.

Emerging economies in Latin America, the Middle East, and Africa are witnessing a gradual but steady increase in the adoption of AgTech Data Platforms, although several challenges remain. These include limited digital infrastructure, fragmented farm holdings, and varying levels of technological awareness among end-users. However, targeted policy interventions, capacity-building initiatives, and the proliferation of mobile-based solutions are helping to bridge the digital divide. In these regions, localized demand for solutions tailored to smallholder farmers and unique agro-climatic conditions is driving innovation, while international development agencies and NGOs play a pivotal role in fostering digital transformation within the agricultural sector.

Report Scope

The US agricultural industry has been shaped by fluctuations in crop prices, production levels and yields. While prices for core US crops such as corn and wheat remain above historical averages, they have moderated from the peaks seen in 2021-2022. This moderation has clashed with high production costs, particularly for inputs like seeds and fertilizers, which have not decreased in line with prices and revenues. Purchase costs also stand to worsen as tariffs imposed by the US have the potential to drive up prices for imported agricultural inputs. As a result, farmers are encountering tighter profit, even as industry revenue has grown overall. Despite the pressures from input costs, technological advancements such as precision agriculture are helping to offset some challenges by improving efficiency and production. Overall, revenue has grown at a CAGR of 2.7% to reach an estimated $586.5 billion after a decrease of 2.6% in 2025. In tandem with these price and production shifts, consumer preferences are exerting significant influence over the agricultural landscape. The demand for sustainable and ethically produced livestock products is rising, prompting producers to adapt their practices to meet changing consumer expectations. This shift comes amid severe drought conditions forcing cattle herd liquidations, a move that has boosted revenues through higher prices and sales volumes but ultimately stresses long-term supplies. Meanwhile, climate change continues to introduce strong production fluctuations, as evidenced by altering pest and disease patterns and extreme weather events disrupting traditional farming cycles. Adaptation strategies, such as planting drought-resistant crops and investing in climate-smart technologies, are becoming increasingly common as farmers strive to maintain resilience. In the coming five years, the sector will struggle to maintain revenue as prices decline in key segments and climate change adds a great deal of volatility. Sector revenue is forecast to decline at a CAGR of 0.5% to reach $573.3 billion in 2030. Crop prices are projected to decline over the next decade, while yields are expected to trend upward due to ongoing technological advancements. Despite drops in overall export revenue and competition from producers such as China and Brazil, emerging markets, particularly in Asia and Africa, will present new avenues for growth as demand for diverse agricultural products increases. Additionally, the potential for income generation through participation in carbon markets and adoption of nature-positive farming practices offers promising revenue diversification. The increasing frequency of extreme seasons and weather events, however, will make production planning challenging and exaggerate farmers' dependence on agricultural services, agrochemicals, irrigation and other expenses, putting pressure on profit as farmers try to maintain yields.

The Americas precision agriculture software market is experiencing robust growth, driven by increasing adoption of technology among farmers to enhance efficiency and productivity. The market, valued at approximately $X million in 2025 (assuming a logical extrapolation based on the provided CAGR of 17% and a study period of 2019-2033), is projected to reach $Y million by 2033. This significant expansion is fueled by several key factors. Firstly, the rising demand for higher crop yields in response to a growing global population necessitates the implementation of precision agriculture techniques. Secondly, advancements in software capabilities, including AI-powered analytics and data integration from various farm sensors, are making precision ag software more user-friendly and effective. Furthermore, government initiatives promoting sustainable agriculture and technological adoption are also contributing to market growth. The cloud-based segment is anticipated to dominate the market due to its scalability, accessibility, and real-time data processing capabilities. Key players like Trimble, Granular, and Deere & Company are driving innovation and expanding their market share through strategic partnerships, acquisitions, and product development. Competition is intensifying, with both established and emerging companies vying for market dominance. The Americas market is further segmented geographically, with the United States holding the largest market share, followed by Brazil and Canada. The region's unique agricultural landscape and varying adoption rates across countries present both opportunities and challenges. While high initial investment costs and the digital literacy gap among some farmers pose restraints, the increasing availability of affordable solutions and government support programs are gradually mitigating these limitations. The overall outlook for the Americas precision agriculture software market remains highly positive, with continued growth expected throughout the forecast period, driven by technological innovations and the increasing need for sustainable and efficient agricultural practices. The market's future trajectory will likely be influenced by factors such as advancements in sensor technology, the development of more sophisticated analytical tools, and evolving farmer preferences. Key drivers for this market are: , Adoption of Precision Technology in the Sustainable and Efficient Agriculture Sector in Americas; Shortage of Farm labor, Along with Increasing Farm Size Across North America. Potential restraints include: , Adoption of Precision Technology in the Sustainable and Efficient Agriculture Sector in Americas; Shortage of Farm labor, Along with Increasing Farm Size Across North America. Notable trends are: Cloud-based Precision Farming Software is Expected to Grow Significantly.

Precision Farming Agriculture Market Outlook

The global precision farming agriculture market size was estimated at USD 7.0 billion in 2023 and is projected to reach USD 15.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2032. The growth of this market is primarily driven by advancements in technology and increasing demand for food production efficiency.

One of the most significant growth factors in the precision farming agriculture market is the rapid advancement in agricultural technologies. Innovations such as Internet of Things (IoT), big data analytics, and artificial intelligence have enabled farmers to collect and analyze data from their fields, leading to more informed decision-making processes. This shift towards data-driven farming helps optimize resources such as water, fertilizers, and pesticides, thereby increasing yield and reducing costs. Additionally, the integration of Geographic Information Systems (GIS) and GPS technology in farming practices allows for more precise planting, cultivating, and harvesting, which further boosts productivity and efficiency.

Another critical factor contributing to the market's growth is the increasing global population, which drives the demand for more efficient food production systems. With the world's population projected to reach 9.7 billion by 2050, there is an urgent need to produce more food while minimizing environmental impact. Precision farming offers a viable solution by enabling farmers to manage their resources more effectively, reducing waste, and maximizing crop yields. The rising awareness about sustainable farming practices and the need to address climate change concerns have also led to the adoption of precision farming techniques.

Government initiatives and subsidies aimed at promoting precision farming are further propelling the market's growth. Various governments across the globe are recognizing the potential benefits of precision farming in enhancing food security and agricultural sustainability. As a result, they are investing in research and development, providing financial assistance, and implementing favorable policies to encourage the adoption of precision farming technologies. For instance, the European Union's Common Agricultural Policy (CAP) includes measures to support precision farming practices, while the United States Department of Agriculture (USDA) offers grants and loans to farmers for implementing advanced agricultural technologies.

Agriculture Variable Rate Technology (VRT) is revolutionizing the way farmers manage their fields by allowing precise application of inputs like fertilizers, pesticides, and water. This technology leverages data from various sources, such as soil sensors and yield monitors, to customize the application rates for different areas within a field. By doing so, VRT not only enhances crop productivity but also minimizes the environmental impact of farming practices. Farmers can achieve significant cost savings by reducing the overuse of chemicals and water, which is increasingly important in the context of sustainable agriculture. As awareness about the benefits of VRT grows, more farmers are expected to adopt this technology, further driving the precision farming market.

From a regional perspective, North America holds a significant share of the precision farming agriculture market, driven by the early adoption of advanced technologies and the presence of a large number of key market players. The Asia Pacific region is expected to witness substantial growth during the forecast period, primarily due to the increasing demand for food production and the adoption of modern farming practices in countries such as China and India. Europe is also a noteworthy market, with countries like Germany and France focusing on sustainable agriculture and smart farming initiatives.

Technology Analysis

The precision farming agriculture market can be segmented by technology into guidance systems, remote sensing, variable rate technology, and others. Guidance systems, such as GPS-based auto-steering, play a crucial role in precision farming by enabling farmers to automate their machinery, ensuring precise and efficient field operations. These systems help in reducing overlaps and gaps in field activities, thereby saving time, fuel, and labor costs. The increasing adoption of autonomous tractors and drones equipped with guidance systems is further driving the growth of this segme

Access North America Agriculture Analytics Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Offering, Agriculture Type, Farm Size, Technology, End-User

The global regenerative agriculture market size is predicted to reach US$ 4,364.4 million in 2024, with a CAGR of 15.6% during the forecast period. The growing support from governments, organizations, and farmer welfare associations propels regenerative agriculture market growth.

From Surging Demand for Premium Food Options to AI Integration, the Regenerative Agriculture market has come a long way

Country-wise Insights

Category-wise Insights

Report Scope

This statistic displays some key information on the indoor farming market in the United States as of 2016. In this year, there were some ** thousand indoor farms covering over *** billion square feet in growing area within the U.S.

The United States Agricultural Machinery Market Report is Segmented by Product Type (Tractors, Plowing and Cultivating Machinery, and More), and by Farm Size (Less Than 500 Acres, 500-2, 000 Acres, and More). The Market Forecasts are Provided in Terms of Value (USD).

Market Size statistics on the Precision Agriculture Systems & Services industry in the US

The United States Agriculture Tractor market is expected to grow with more than 4.50% CAGR from 2024 to 2029, efficient farming machines for increased yield.

The US agriculture equipment market was valued at 767.88 thousand units in 2023 and is expected to reach 950.26 thousand units by 2029, growing at a CAGR of 3.62% from 2023 to 2029.

The United States agricultural equipment market will grow from USD 39.4 billion in 2024 to USD 57.1 billion by 2032, at a CAGR of 4.9% during 2025–2032.

The Census data API provides access to the most comprehensive set of data on current month and cumulative year-to-date imports broken down by agricultural and nonagricultural commodities. The USDA endpoint in the Census data API provides value, shipping weight, and method of transportation totals at the district level for all U.S. trading partners. The Census data API will help users research new markets for their products, establish pricing structures for potential export markets, and conduct economic planning. If you have any questions regarding U.S. international trade data, please call us at 1(800)549-0595 option #4 or email us at eid.international.trade.data@census.gov.

The Americas precision agriculture software market is experiencing robust growth, driven by the increasing adoption of technology to enhance farm efficiency and productivity. The market, valued at approximately $X million in 2025 (assuming a logical extrapolation from the provided CAGR and market size, specific value dependent on the missing "XX" value), is projected to witness a Compound Annual Growth Rate (CAGR) of 17% from 2025 to 2033. This expansion is fueled by several key factors: a growing need for data-driven decision-making in agriculture, the rising adoption of cloud-based solutions for improved data management and accessibility, and government initiatives promoting technological advancements in farming. Major players like Deere & Company, IBM Corporation, and Trimble Inc. are significantly contributing to market growth through continuous innovation and strategic partnerships. The segment breakdown reveals a preference towards cloud-based solutions due to their scalability and accessibility benefits, whereas the local/web-based segment is also substantial, driven by farmers with existing infrastructure or specific software needs. Growth is particularly strong in regions like the United States, Brazil, and Canada, reflecting the advanced agricultural practices and technological infrastructure in these countries. The market's growth is further bolstered by trends such as the increasing integration of artificial intelligence (AI) and machine learning (ML) in precision agriculture software, leading to more accurate predictions and optimized resource utilization. However, challenges remain, including the high initial investment cost associated with implementing precision agriculture technologies and the need for reliable internet connectivity in certain rural areas. Despite these restraints, the long-term outlook for the Americas precision agriculture software market remains positive, propelled by sustained technological advancements and the growing awareness of the economic and environmental benefits of precision farming. The continued development of user-friendly interfaces and affordable software packages will further stimulate adoption across smaller farms, accelerating market expansion throughout the forecast period. Key drivers for this market are: , Adoption of Precision Technology in the Sustainable and Efficient Agriculture Sector in Americas; Shortage of Farm labor, Along with Increasing Farm Size Across North America. Potential restraints include: , High Capital Cost and Complexity Regarding System Upgrades. Notable trends are: Cloud-based Precision Farming Software is Expected to Grow Significantly.

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Powered Agriculture Equipment Market Size 2024-2028

The powered agriculture equipment market size is forecast to increase by USD 48.5 billion at a CAGR of 4.91% between 2023 and 2028.

The market is experiencing significant growth due to various factors. One key driver is the availability of loan programs from the government and financial institutions. These loans, which offer maximum loan amounts for the purchase of new tractors, combine harvesters, and other equipment, have encouraged farmers to invest in more efficient and productive machinery. Additionally, conservation loans, designed to support sustainable agricultural practices, have gained popularity among small farmers. Another trend is the rising deployment of smart agricultural practices and technologies for precision farming, which enables farmers to optimize resource usage and improve crop yields. In response to these trends, production facilities are expanding to meet the increasing demand for agricultural equipment. Furthermore, the need for working capital during agricultural downturns has led to the growing availability of rental agricultural equipment. These developments are enhancing the productivity and efficiency of farmers, making agriculture a vibrant sector In the US economy.

What will be the Size of the Powered Agriculture Equipment Market During the Forecast Period?

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The agriculture sector In the United States continues to evolve, with a growing emphasis on maximizing efficiency, productivity, and sustainability. Agriculture equipment plays a crucial role in this transformation, providing farmers with the tools necessary to optimize their operations and drive business growth. Family-sized farmers and commercial enterprises alike rely on a diverse range of agriculture equipment to manage their land, livestock, and farming techniques. From tractors and harvesters to advanced technologies that support precision farming, these investments are essential for maintaining operational efficiency and ensuring a successful production cycle.



Access to commercial credit from banks and lenders is vital for farmers looking to acquire new equipment or upgrade their existing fleet. Guarantees offered by these financial institutions can help farmers secure the necessary financing, enabling them to invest In the latest agriculture equipment and improve their overall business performance. Despite the benefits, the penetration of agriculture equipment In the U.S. Market remains relatively low. However, the increasing wages for labor and the need to minimize environmental impact are driving the demand for more efficient and sustainable farming solutions. Light-duty electric tractors and other advanced technologies are gaining popularity In the agriculture rental market.

How is this Powered Agriculture Equipment Industry segmented and which is the largest segment?

The research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Tractors
  Harvesting machinery
  Planting and fertilizing machinery
  Haying machinery
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  Middle East and Africa



  South America

By Product Insights

The tractors segment is estimated to witness significant growth during the forecast period.

In the agricultural sector, the implementation of advanced technology in farming practices, specifically the use of powerful tractors for precision farming, is gaining significant traction. These tractors, which include models with horsepower ranging from less than 35 to over 50, cater to various farm sizes. Small farms typically utilize tractors with a capacity of under 35 horsepower, while larger operations require medium and large tractors with capacities exceeding 50 horsepower. The agricultural industry is transforming, with a decreasing workforce and a growing emphasis on mechanization driving the demand for these tractors. Farmers seeking to upgrade their equipment can explore loan programs to finance their purchases.

Furthermore, conservation loans, for instance, offer maximum loan amounts to finance the acquisition of production facilities and working capital, which can include the purchase of new tractors and harvesters. During economic downturns, these financing options can be particularly beneficial for farmers looking to maintain efficiency and productivity on their farms. Overall, the adoption of powerful agriculture equipment, such as tractors, is essential for farmers to remain competitive and adapt to the evolving agricultural landscape.

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The tractors se