Press release
Precision Farming Market 2018 Global players AGCO Corporation, AG Leader Technology, AgJunction, Agribotix, Conservis Corporation , Deere & Company, Farmers Edge, Granular, Grownetics
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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.
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Company Profiles
• AGCO Corporation
• AG Leader Technology
• AgJunction, Inc.
• Agribotix LLC
• Conservis Corporation
• CropMetrics LLC
• Deere & Company
• Dickey-John Corporation
• Farmers Edge Inc.
• Granular, Inc
• Grownetics, Inc.
• Iteris, Inc.
• Raven Industries Inc.
• SST Development Group Inc.
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.
Precision Farming Market Size and Forecast, 2017-2026 by Application
1. Key Findings
2. Irrigation Management
3. Crop Scouting
4. Yield Monitoring
5. Weather Tracking and Forecasting
6. Field Mapping
7. Inventory Management
8. Farm Labor Management
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About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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