Precision Farming Market Quadruples by 2023; with a ~ 13.32 % of Whooping CAGR | Agribotix, Dickey-John Corporation, Farmers Edge, BouMatic, AgSmarts Inc., GEA Group, AgSense, AGCO, Delaval Corporation, Crop X Inc., Crop Metrics and John Deere

The report “Precision Farming Market By Technology (High Precision Positioning System, Remote Sensing, Geomapping, Integrated Electronic Communication And Variable Rate Technology (Vrt)), Component (Hardware, Services And Software) And Application (Yield Monitoring, Weather Monitoring, Field Monitoring, Waste Management, Irrigation Management And Financial Management) – Global Forecast to 2023”, issued by Crystal Market Research, the 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.

Precision Farming Market, Top Players:

Some of the well-established 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.

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By Component: Hardware, Automated Steering System, Drones, UAVs & Camera, Mobile Device, Global Positioning System (GPS), Global Navigation Satellite System (GNSS), Software, 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

Precision Farming Market, By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

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.

Hardware is the leading the precision agriculture market:

Owing to increasing adoption of precision farming devices, for example, drones, sensors, cameras, mobile devices and UAVs, the hardware segment has driven the market significantly in the recent years. 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.

North America is the pioneer in the region-wise segment:

Inferable from the increased adoption of the propelled communication and information in the farming segment, North America has developed substantially over the recent years. The existence of supportive government policies and well-entrenched infrastructure additionally bolsters the demand. Moreover, developing government endeavors and activities to drive the adoption of innovation in the district additionally cultivate the precision agriculture market development.

Yield monitoring is assessed to represent significant share in the precision farming market:

Inferable from increasing application of precision farming solutions by makers for ideal arranging and management of harvest, the yield monitoring section is anticipated to be the leading segment over the following years. 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.

In 2016, the high precision positioning systems drove the precision farming market:

Due to the essential application of GPS and GNSS frameworks in precision farming solutions, the high precision positioning system propelled the growth of the overall market. These advances fill in as a reason for the working of precision farm systems and devices to decide and process location-based information.

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Precision Farming Market, ToC:

1. Introduction
2. Executive Summary
3. Market Overview
4. Market Analysis by Regions
5. Precision Farming Market, By Component
6. Precision Farming Market, By Application
7. Precision Farming Market, By Technology
8. Precision Farming Market, By Region
9. Company Profiles
10.Global Precision Farming Market Competition, by Manufacturer
11.Precision Farming Market Forecast (2018-2023)
...
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FEATURES OF THE REPORT:

1. The analysis of Precision Farming market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

2. The key players in the market and their share in the global market are discussed.

3. The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

4. The Precision Farming market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

5. The latest trends that are being followed in the market are included along with an example.

6. How technological advancement and research, as well as development activities, are impacting the market is explained in detail.

7. The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.

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As the report further, it explains developing plans and policies, making processes, cost structures of Precision Farming market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Precision Farming market, market statistics of Precision Farming market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.

TO BE CONTINUED…

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