Precision Farming Market Detail Analysis focusing on Key Players like Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc.

A new business intelligence report released by Polaris Market Research with title “Global Precision Farming Market Research Report 2017” that targets and provides comprehensive market analysis with future prospects to 2026. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.

The worldwide Precision Farming market is anticipated to reach over USD 13,016 million by 2026. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.
There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.

Precision farming market major key player including, Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, Inc. among others.

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Precision farming market by application:

- Irrigation Management
- Crop Scouting
- Yield Monitoring
- Weather Tracking and Forecasting
- Field Mapping
- Inventory Management
- Farm Labor Management.

Precision farming market by regions:

- North America - U.S., Canada, Mexico
- Europe - Germany, UK, France, Italy, Russia
- Asia-Pacific - China, India, Japan, Australia
- Latin America – Brazil, Middle East & Africa.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. This is due to high cost of labor, and presence of large farmlands in the North American region. Increasing investments and subsidies in the agriculture sector by governments boost the precision farming market growth during the forecast period in the region. Increasing need to improve food quality and productivity along with increased industrialization of farming equipment further supplements market growth.

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Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring.

Table OF Content – Snapshot

Overview and Scope
Executive Summary
Precision Farming Market Insights
Precision Farming Market Size and Forecast, 2017-2026 by Hardware Type
Precision Farming Market Size and Forecast, 2017-2026 by Deployment Type
Precision Farming Market Size and Forecast, 2017-2026 by Service
Precision Farming Market Size and Forecast, 2017-2026 by Application
Precision Farming Market Size and Forecast, 2017-2026 by Region
Company Profiles

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