Precision Farming Market at a 13.32% of CAGR With USD 6.19 Billion By 2023 | Major Key Players: Agribotix LLC, Dickey-John Corporation, Farmers Edge Inc, BouMatic LLC, AgSmarts Inc, GEA Group, AgSense LLC, AGCO, Delaval Corporation, CropX Inc, CropMetrics

Crystal Market Research (CMR) render to you profound details in respect to leading participants, regions, application and type of the Precision Farming Market which is estimated to encounter substantial growth over the forecast period 2018-2023.

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Industry Outlook and Trend Analysis:
The Precision Farming Market was worth USD 3.08 billion in 2014 and is expected to reach approximately USD 9.49 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.32% during the forecast period. The worldwide food and agriculture environment encounters various difficulties today because of the rapid urbanization and increasing population. The decrease in the aggregate efficiency, reducing and corrupting natural resources, divided and declining land property, stagnating the resources of agriculture, and constrained business opportunities in agriculture as well as other divisions, are the central factors that are affecting the agriculture development and improvement. This enables the farmers and farming OEMs to implement advanced technologies to build the agriculture efficiency. Precision farming technology can possibly boost the harvest yield and diminish the expense of production by changing the custom agriculture techniques with the propelled IT based farming strategy fueled by the abilities of the artificial intelligence and Big Data analysis. It detects differences that are site particular inside the field and change the administration activity, rather than overseeing whole field in view of average normal conditions.

Major Keyplayers:
The leading players in the market are Agribotix LLC, Dickey-John Corporation, Farmers Edge Inc, BouMatic LLC, AgSmarts Inc, GEA Group, AgSense LLC, AGCO, Delaval Corporation, CropX Inc, CropMetrics LLC and John Deere. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Application Outlook and Trend Analysis:
Yield monitoring is assessed to represent significant share in the digital farming market inferable from increasing usage of precision farming solutions by makers for ideal arranging and management of harvest. These solutions empower producers to design enter necessities to accomplish ideal yield. Moreover, the demand for data on real time basis amid the harvesting and necessity of recorded spatial database is increasing the interest for the yield monitoring technology. The interest for climate checking is assessed to increase amid the estimate time frame.

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Regional Outlook and Trend Analysis:
North America is the pioneer in the precision farming market inferable from the increased adoption of the propelled communication and information in the farming segment. The existence of steady government schemes and well-established infrastructure additionally boosts the demand. Moreover, expanding government endeavors and activities to drive the adoption of innovation in the district additionally cultivate the precision agriculture market development.

Technology Outlook and Trend Analysis:
The high precision positioning systems drove the precision farming market in 2016 because of the essential application of GPS and GNSS frameworks in precision farming solutions. These advances fill in as a reason for the working of precision farm systems and devices to decide and process location-based information. In addition, expanding adoption of the technology for giving auto-direction to harvesters and tractors to productively keep up separate for neighboring passes and to enhance machine control is additionally driving the precision agriculture market development.

Component Outlook and Trend Analysis:
Hardware is the leading the precision agriculture market due to increasing adoption of precision farming devices, for example, drones, sensors, cameras, mobile devices and UAVs. These devices are embedded on various kinds of farming equipment, for example, harvesters and tractors. As the technology is quickly advancing, further improvements are anticipated to bring about the advent of new devices with better area and information handling abilities. The hardware comprises of automated steering system, sensors, mobile device, UAVs & camera, GPS and GNSS, drone and others. The developing demand for sensor is ascribed to the low cost, increasing functionality, and improvement in the design & features.

The Precision Farming Market is Segmented as following -
By Component: Hardware: (Automated Steering System, Drones, UAVs & Camera, Mobile Device, Global Positioning System (GPS) & Global Navigation Satellite System (GNSS)), Software and Services: (Consulting & Training, Maintenance & Updates & Managed Services, Integration)

By Technology: High Precision Positioning System, Geomapping, Remote Sensing, Integrated Electronic Communication & Variable Rate Technology (VRT)

By Application: Weather Monitoring, Yield Monitoring, Field Monitoring, Irrigation Management, Waste Management & Financial Management

By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)

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Major ToC of Precision Farming Market:
Part 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Part 2. Executive Summary
2.1. Key Highlights

Part 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities

Part 4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)

Part 5. Precision Farming Market, By Component
5.1. Introduction
5.2. Global Precision Farming Revenue and Market Share by Component (2014-2018)
5.2.1. Global Precision Farming Revenue and Revenue Share by Component (2014-2018)
5.3. Hardware
5.3.1. Global Hardware and Growth Rate (2014-2018)
5.3.2. Global Hardware Market By Type (2014-2018)
5.3.3. Automated Steering System

...CONTINUED FOR TOC

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