Press release
Precision Agriculture Market 2018 Growth and Top Key Vendors by Raven Industries, Trimble Inc., Topcon Positioning Systems, Ag Leader Technology, Hexagon Agriculture, and DICKEY John Corporation
Precision Agriculture Market
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“Among these advanced technologies, one such technology is nanotechnology. Nanotechnology provides various benefits to agriculture. Nanocapsules can be used to deliver pesticides, fertilizers, growth hormones, and other enzymes. Nanosensors are used to monitor soil conditions, crop growth, and to detect animal and plant pathogens. In addition, Nano chips and Nanoparticles are also being used in the agricultural industry,” stated a senior analyst at giant research institute.
The global precision agriculture market encompasses diverse range of solutions such as software, hardware systems and services. Under the category hardware systems, there is broad range of systems which includes sensing, monitoring & navigation systems, robotics & automation systems, and other systems, like receivers, displays, and handheld equipment. Whereas software solutions comprise of tools, cloud services and software apps that are offered by the organizations on a subscription basis.
Furthermore, the precision agriculture services includes maintenance & support, integration & deployment of farm equipment and other services like financial and consultancy services. Major applications of precision agriculture technologies are spraying, fertilization, irrigation, and field monitoring, planting, and data management. The largest application market is irrigation sector. Application areas such as field monitoring, precision spraying and data management are anticipated to exhibit the optimum growth owing to the high possibilities of value addition in these segments
2016, North America dominated the market in terms of revenue. The modern agricultural technology demands government assistance as the agricultural sector consists of poor self-sustaining farmers. The implementation of modern technologies requires appropriate cultural background, good infrastructure, installation support services and equipment that is not capital-intensive.
For ensuring successful implementation, government need to create programs which needs to be inclusive of design, training, and maintenance. Along with that, effective administrative framework that connects micro-irrigation companies, the government, farmers and banks. The Canadian government invested heavily in Clean Seed Capital Group to commercialize and enhance precision agriculture technology. With help of these funds, the organization managed to develop CX-6 SMART Seeder for farmers.
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The global precision agriculture industry ecosystem consists established agricultural OEMs, agri-input suppliers, technology vendors, and software & services providers. Agricultural machinery vendors growing interest in IoT has set a major trend in the market, the leading vendors include Deere & Company, Kubota Corporation, AGCO Corporation, CLAAS, and CNH Industrial. Moreover, prominent players of the market are ICL Ltd., Syngenta, DuPont, Monsanto and BASF are emphasizing on incorporation of farm management systems and data analytics in their product offerings. The key precision agriculture technology vendors include Raven Industries, Trimble Inc., Topcon Positioning Systems, Ag Leader Technology, Hexagon Agriculture, and DICKEY John Corporation, among others.
Key segments of ‘Global Precision Agriculture Market’
Based on application, the market has been segmented into,
Yield Monitoring
Crop Scouting
Field Mapping
Irrigation Management
Weather Tracking & Forecasting
Inventory Management
Farm Labor Management
Financial Management
Others
Based on technology, the market has been segmented into,
Guidance System
Remote Sensing
Variable-Rate Technology
Based on region, the market has been segmented into,
North America
Americas
Europe
APAC
RoW
What to expect from the upcoming report on ‘Global Precision Agriculture Market’:
- Future prospects and current trends of the global precision agriculture market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
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Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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