Press release
Global Precision Farming Market Restraints, Technology and Forecast 2018-2026
The Global Precision Farming Market is being driven by the need to maximize the food production and the growing focus on sustainable agriculture. Also, increased awareness and acceptance of this technique and optimization of the inputs are other key factors that are contributing to the market expansion. By the end of the forecast period of 2018-2026, the market is likely to progress with a CAGR of 13.81%.Market Insights
Type, technology and applications are the basis upon which the Global Precision Farming Market is segmented. The type segment includes hardware and software types. The Precision Farming Market by technology can be divided into guidance systems, variable rate technology and remote sensing, and control systems. Precision farming finds its applications in soil monitoring, yield monitoring, software applications, variable rate applications and field mapping.
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Regional Insights
Region-wise, the global precision farming market is sub-divided into Europe, North America, Asia-Pacific and rest of the world. Over the course of the forecast period, the North American market is expected to reign the global precision farming market. The region implements some of the most advanced practices in farming by using machine-intensive techniques. The Asia-Pacific precision farming market is also expected to show significant growth over the forecast period due to the development of farming techniques in APAC countries like India and China.
Some of the leading companies offering precision farming solutions include
• Agco Corp,
• Ag Leader Technology Inc,
• Agdata,
• Ag-Nav Inc,
• Agjunction Inc,
• Agribotix,
• Agrium Inc,
• Cropx Ltd,
• Basf Se,
• Deere & Co,
• Dupont,
• Monsanto Company,
• Farmers Edge Precision Consulting Inc, Mts Systems Corp, Raven Industries Inc, Nozzleworks Inc, Sst Development Group Inc, Topcon Corp, Teejet Technologies, and Trimble Navigation Limited.
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Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Increased Adoption of Auto Steering And Variable Rate Controls
3.2.2. Increased Mergers And Acquisitions
3.2.3. North America Dominates The Global Precision Farming Market In Terms of Revenue
3.2.4. Asia Pacific Is The Most Promising Regional Market
4. Market Dynamics
4.1. Market Definition
4.2. Drivers
4.2.1. Focus On Sustainable Agriculture
4.2.2. Growing Awareness And Acceptance
4.2.3. Need To Maximize Food Production
4.2.4. Optimization of Inputs
4.2.5. Control Over Farm Data
4.3. Restraints
4.3.1. High Initial Investment
4.3.2. Implementation Issues
4.4. Opportunities
4.4.1. Growing Prominence of Telematics Technologies
4.4.2. Growing Opportunities In Emerging Economies
4.4.3. Wide Portfolio of Offerings
4.5. Challenges
4.5.1. Lack of Standardization
4.5.2. Impact of Farm Income
5. Market By Technology
5.1. Guidance System Technologies
5.2. Remote Sensing And Control Systems
5.3. Variable Rate Technology
6. Market By Type
6.1. Hardware
6.1.1. Automation And Control Systems
6.1.2. Sensing And Monitoring Devices
6.2. Software
6.2.1. Farm Management Software
7. Market By Applications
7.1. Soil Monitoring
7.2. Yield Monitoring
7.3. Software Applications
7.4. Variable Rate Applications
7.5. Field Mapping
7.6. Others
8. Key Analytics
8.1. Porter’s 5 Force Analysis
8.1.1. Threat of New Entrants
8.1.2. Threat of Substitute Products
8.1.3. Bargaining Power of Buyers
8.1.4. Bargaining Power of Suppliers
8.1.5. Intensity of Competitive Rivalry
8.2. Key Buying Criteria
8.2.1. Initial Cost (Implementation Cost)
8.2.2. Payback Period
8.2.3. Ease of Understanding
8.2.4. Feature Availability
8.2.5. Portfolio of Offerings
8.2.6. Technological Advancement
8.2.7. Integration Ability
8.3. Key Trends
8.3.1. Increasing Use of Uavs
8.3.2. Strong Expected Growth of Weather Tracking And Forecasting
8.4. Vendor Landscape
8.5. Opportunity Matrix
9. Geographical Analysis...
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