India Precision Agriculture Market

India Precision Agriculture Market Overview:

The India precision agriculture market size reached USD 304.60 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 700.87 Million by 2033, exhibiting a growth rate (CAGR) of 9.70% during 2025-2033. The rising demand for high crop yields, government support through subsidies, increasing adoption of AI-driven analytics, expanding IoT-based farm management systems, declining sensor costs, and the need for sustainable water and nutrient management are some of the major factors augmenting India precision agriculture market share.

India Precision Agriculture Market Trends:

Government Investments and Incentives Driving Precision Agriculture Adoption

The Indian government is actively supporting the adoption of precision agriculture by funding technology-driven initiatives, which is positively impacting the India precision agriculture market outlook. The government is investing in sensor-based monitoring, the internet of things (IoT)-enabled farm automation, and artificial intelligence (AI)-driven analytics as a top priority as it recognizes the potential of precision agriculture to increase productivity and resource efficiency. For instance, ​on September 17, 2024, the Indian government announced an INR 6,000 Crore (about USD 690 Million) investment to promote precision farming using technologies such as artificial intelligence, drones, and data analytics. This initiative, under the Mission for Integrated Horticulture Development (MIDH), aims to enhance crop yields by covering 15,000 acres and benefiting 60,000 farmers over five years. Also, 22 Precision Farming Development Centers (PFDCs) have been established nationwide to test and adapt new technologies to local needs. The integration of technologies into mainstream farming practices leads to an increased focus on optimizing water use, improving soil health, and reducing dependency on excessive fertilizers and pesticides. Moreover, subsidized access to GPS-guided tractors, drone-based crop monitoring, and automated irrigation systems is making precision farming tools more accessible to small and medium-scale farmers. Policies promoting digital agriculture platforms are also encouraging private sector participation, leading to a growing ecosystem of agritech startups and service providers. In addition to this, financial incentives for sustainable farming practices, such as precision nutrient application and climate-resilient agriculture, are driving farmers toward data-driven decision-making. These initiatives are enabling Indian farmers to integrate modern techniques, improve efficiency, and ensure long-term sustainability in food production.

Expansion of Satellite and Drone-Based Crop Monitoring

The integration of satellite imagery and drones is revolutionizing agricultural monitoring in India by offering high-resolution, real-time data on soil health, crop stress, and pest infestations. Satellite-based remote sensing, supported by platforms like ISRO's Bhuvan and private satellite networks, enables large-scale farm assessments and precision input applications. Drones equipped with multispectral and thermal imaging sensors are gaining popularity for localized crop surveillance, allowing farmers to detect nutrient deficiencies, water stress, and disease outbreaks early. The introduction of policies and supportive efforts by the government and private firms for precision farming further accelerates India precision agriculture market growth. For instance, on November 28, 2024, BharatRohan launched the BharatRohan Pragati card in collaboration with Obopay and Mastercard to provide Indian farmers with a specialized multi-wallet instrument for targeted credit access, digital transactions, and incentives for adopting sustainable farming technologies like drones. The card facilitates seamless purchases of agricultural inputs, enables access to supply chain financing, and integrates with Mastercard Community Pass to streamline produce sales and financial transparency. This program aims to reach 500,000 farmers by 2027 and supports environmentally friendly farming methods and India's objective of doubling farmers' income. Agribusinesses and cooperatives are leveraging drone-based precision spraying to reduce pesticide and fertilizer usage while improving field coverage. s hardware costs decrease, and regulatory frameworks evolve, drone and satellite-based precision agriculture are becoming more accessible, helping Indian farmers transition toward data-driven, high-efficiency farming practices.

India Precision Agriculture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on technology, type, component, and application.

Technology Insights:

• GNSS/GPS Systems
• GIS
• Remote Sensing
• Variable Rate Technology (VRT)
• Others

The report has provided a detailed breakup and analysis of the market based on the technology. This includes GNSS/GPS systems, GIS, remote sensing, variable rate technology (VRT), and others.

Type Insights:

• Automation and Control Systems
• Sensing and Monitoring Devices
• Farm Management Systems

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes automation and control systems, sensing and monitoring devices, and farm management systems.

Component Insights:

• Hardware
• Software

The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware and software.

Application Insights:

• Mapping
• Crop Scouting
• Yield Monitoring
• Soil Monitoring
• Precision Irrigation
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes mapping, crop scouting, yield monitoring, soil monitoring, precision irrigation, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Precision Agriculture Market News:

• On March 12, 2024, Satyukt Analytics partnered with ASSOCHAM UP-UK and Global New Energies and Technologies (GNET) to introduce precision farming technologies in Uttar Pradesh. This collaboration deploys Satyukt's Sat2Farm technology, which leverages satellite imagery, cloud computing, machine learning, and artificial intelligence to digitize agriculture and provide near real-time information to farmers. The initiative aims to reduce cultivation costs and boost crop productivity, thereby augmenting farmers' income.
• On September 15, 2024, India-based companies Godrej Agrovet and Farmonaut initiated a large-scale project to map and monitor over 100,000 acres, encompassing more than 15,000 farmer fields, utilizing satellite technology. This initiative integrates these mapped fields into Farmonaut's Satellite-Based Crop Health Monitoring System, providing continuous insights into crop health, water stress levels, evapotranspiration rates, soil organic carbon content, and localized weather forecasts. The collaboration aims to enhance data-driven decision-making, optimize resource allocation, and promote sustainable agricultural practices among farmers.

India Precision Agriculture Market Report Coverage:

Key Questions Answered in This Report:

• How has the India precision agriculture market performed so far and how will it perform in the coming years?
• What is the breakup of the India precision agriculture market on the basis of technology?
• What is the breakup of the India precision agriculture market on the basis of type?
• What is the breakup of the India precision agriculture market on the basis of component?
• What is the breakup of the India precision agriculture market on the basis of application?
• What is the breakup of the India precision agriculture market on the basis of region?
• What are the various stages in the value chain of the India precision agriculture market? 
• What are the key driving factors and challenges in the India precision agriculture market?
• What is the structure of the India precision agriculture market and who are the key players?
• What is the degree of competition in the India precision agriculture market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India precision agriculture market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India precision agriculture market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India precision agriculture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.