Global Precision Agriculture Market to Grow at a Booming CAGR of 13.8% by 2028 | Trimble, AGCO Corporation, Precision Planting, CropMetrics, Agribotix, Topcon Positioning Systems, Decisive Farming

The increasing strain on global food supply necessitating the use of precision agriculture technology & substantial cost saving due to precision agriculture techniques is expected to steer the precision agriculture market during the forecast period.

What is global precision agriculture ?

Precision agriculture (PA) is an approach to agriculture that makes through the use of information technology (IT) technology to aid farming activities. These systems ensure that the soil & crops are provided essential nutrients for their healthy growth and development. The major objection of precision agriculture is to ensure sustainability, profitability, and protection of the environment. PA is also alternatively known as satellite agriculture for and site-specific crop management (SSCM).

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What are Soil sensors?

Soil sensors are key devices considering precision agriculture. The soil sensors are used to monitor the health as well as determine the physical properties of the soil. Things like percentage concentration of potassium, phosphorus, sodium, alkaline or acidic nature of soil are important factors to be considered while making a soil profile. Soil sensors are combined with variable rate technology or GPS in order to keep an eye on all these soil determinants. Soil sensors are of utmost importance to determine the feasibility of the growth of the crops during the harvesting period.

The North American segment is a testament to the growth achieved by the precision agriculture market in this region owing to increasing food demands of the population and more farmers turning towards sustainable & profitable farming techniques. The Asia Pacific is also showing steady growth in this region for the precision agriculture market are more and more farmers are implementing precision agriculture techniques over conventional techniques. The Middle East is still an emerging player in the precision agriculture market.

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Key Factors Impacting the Growth of Precision Agriculture Market:

o Increasing strain on global food supply due to the increasing population.

o Increasing demand due to high efficiency & cost-cutting.

o Ease of access to newer precision agriculture techniques.

This report provides:

1) An overview of the global market for global precision agriculture market and related technologies.

2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).

3) Identification of new market opportunities and targeted consumer marketing strategies for Global precision agriculture market.

4) Analysis of R&D and demand for new technologies and new applications

5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

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Major Companies profiled in the report which are key players in the global precision agriculture market are Deere & Company, Trimble, AGCO Corporation, AgJunction, Raven Industries, AG Leader, Precision Planting, The Climate Corporation, CropMetrics, Agribotix, Topcon Positioning Systems, Descartes Labs, ec2ce, Gamaya, and Decisive Farming.

Market Segmentation:

By Technology:
o Geographical Information System
o Telematics
o Variable Rate Technology
o Global Positioning Systems
o Remote Sensing

By Offering:
o Hardware
o Software
o Services

By Application:
o Yield Monitoring
o Crop Scouting
o Field Mapping
o Irrigation Management
o Weather Tracking & Forecasting
o Inventory Management
o Farm Labor Management
o Financial Management
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Technology
o By Offering
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Technology
o By Offering
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Technology
o By Offering
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Technology
o By Offering
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Technology
o By Offering
o By Application

Rest of the World
o By Region (South America, Africa)
o By Technology
o By Offering
o By Application

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