Precision Farming Technology Market Size & Share - Industry Trend and Forecast 2015 - 2023

The report analyzes and presents an overview of "Precision Farming Technology Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023" worldwide.

The main objective of this report is to define, describe, and forecast the global “Precision Farming Technology ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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In past few years, there is huge development in the electrical equipment section. Many new electrical equipment are developed every day. These equipment’s are domain specific, they are able to perform the specific function for which they are manufactured. In farming industry the tractors are used to perform such different functions. Thus need for inter-operability between the electronic devices mounted in tractors increased with standardization.

Growing agro industry, energy & cost saving, government assistance and augmented yield & profitability are some of the driving forces for this market. Dearth of technical acumen and high initial investments are some restraining factors for this market. penetration of broadband and mobile technologies such as web based precision farming and unmanned aerial vehicles application are some opportunities in this market.

Precision Farming Technology Market is segmented on the basis of technology used, hardware & software component, applications and geography. On the basis of technology the market is segmented into global positioning system (GPS), remote sensing and variable rate technology (VRT). On the basis of hardware and software components the market is segmented into automation & control systems, sensing & monitoring devices and farm management system. On the basis of application the market is segmented into yield monitoring, variable rate application, field mapping, soil monitoring and crop scouting among others. And on the basis of geography the market is segmented into North – America, Europe, APAC and rest of the world (RoW).

Ag Business & Crop Inc., Ag Leader Technology, Ag-Nav Inc., Agco Corporation, Agjunction Inc., Agri Con Gmbh, American Sensor Technologies Inc., Autofarm, Automata Inc., Deere & Company, Dickey-John Corporation, Echelon Ag Inc., Jain Irrigation Systems Ltd., Omnistar, Precision Planting Inc., Raven Industries Inc., Soyl Precision Farming, Teejet Technologies, The Toro Company, Topcon Precision Agriculture andTrimble Navigation Limited among others are some of the key market players in Precision Farming Technology Market.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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This report provides pin-point analysis for changing competitive dynamics
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