Precision Farming Market 2018 Global players AGCO Corporation, AG Leader Technology, AgJunction, Agribotix, Conservis Corporation , Deere & Company, Farmers Edge, Granular, Grownetics

According to a new study published by Polaris Market Research 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.

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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
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