Precision Farming Market Projected to Reach USD 7.30 Billion at 12.61% CAGR Till 2023 | Top Key Players – AGCO, AG Junction, John Deere, Dickey-john, Raven Industries, Lindsay, Monsanto

Marketprognosis.com Publish a New Market Research Report On “Global Precision Farming Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Precision Farming Market:

The report spread across 104 pages is an overview of the Global Precision Farming Market. These report study based on the Precision Farming Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Precision Farming Market was valued at USD 3.58 Billion in 2017, and is expected to reach a value of USD 7.30 Billion by 2023, at a CAGR of 12.61% over the forecast period (2018 - 2023).

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Rising Global Demand for Food Products is Driving the Growth of the Market; According to a survey conducted by the UN DESA organization, the world population is expected to grow from around 7.35 billion in 2015 to 8.3 billion in 2030. The growth, in addition to rising disposable incomes, has contributed to the sustained rise in demand for food across the world.

The farming community is coming under severe pressure to meet the growing demand for food. The demand can be met by either increasing agricultural land, or by making optimal use of the available agricultural land.

Global Positioning System (GPS)/ Global Satellite Navigation System (GNSS) Held the Largest Share of the Market in 2017; Agriculture contributes to 2% of the global revenue of GNSS systems, considering the receivers, navigation, maps, and software. Of the four billion GNSS devices used worldwide, Asia-Pacific has the highest contribution, which is higher than both Europe and North America, combined.

Miniaturization and improved accuracy of the global navigation satellite system (GNSS) technology (of which, GPS is mostly in use, at present) makes it possible for wide-scale adoption of PF technologies for geo-positioning and field mapping. The scope of GNSS devices in PF includes applications in automatic steering, variable rate application, farm machinery guidance, yield monitoring, biomass monitoring, soil condition monitoring, livestock tracking, and virtual fencing. The market size of GNSS devices includes the scope of tractor guidance, automatic steering, variable rate technologies, and asset management. The tractor guidance segment is the largest contributor, with more than half of the GNSS device’s contribution.

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Major Key Players:

1 AGCO Corporation

2 AG Junction Inc.

3 John Deere Co.

4 Dickey-john Corporation

5 Teejet Technologies Illinois LLC

6 Raven Industries Inc.

7 Lindsay Corporation

8 Monsanto Company and More…………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

3 Which are the leading market products, applications & regions and how will they perform by 2023?

4 What are the technologies & innovation trends, how will they evolve by 2023?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Precision Farming Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Precision Farming Market - Segmentation

6 Competitive Intelligence Company Profiles

7 Investment Analysis

8 Outlook of the Advanced Authentication Market in the Financial Service Industry

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