Precision Agriculture market will create New Revenue Opportunity in Coming Years
The global precision agriculture market is expected to generate revenue of $7.8 billion by 2022, growing at a CAGR of 14.9% from 2016 to 2022. From a growth perspective, geographic information system (GIS) technology is anticipated to exhibit the highest CAGR of 15.7%, driven by higher adoption mainly in North America and Europe.
Access full summary report at https://www.alliedmarketresearch.com/precision-agriculture-market
Precision agriculture technologies include GPS, GIS, telematics, Variable rate technology (VRT), and remote sensing. Among the mentioned technologies, GPS is the largest revenue contributor, owing to its ability to help farmers and agriculture service providers to automatically record the field data and apply variable rate of inputs to smaller areas within larger fields.
Key players in the precision agriculture market are Deere & Company, Trimble Navigation Limited, AGCO Corporation, and Monsanto Company among others. Product launch, acquisition, and partnership are observed to be the prominent strategies adopted by the leading market players to strengthen their market position, enhance their product portfolio, and expand their geographical presence. For instance, in 2016, Deere & Company launched mobile real-time kinematics (RTK), a latest innovation in machine guidance and telematics that monitors field and crop requirements effectively.
Get Sample Report for More Details at https://www.alliedmarketresearch.com/request-sample/1422
North America presently leads the market, on account of high investment in agriculture technologies, high awareness levels and wide internet penetration. Within North America, the U.S constitutes over 80% of the market revenue. Furthermore, Asia-Pacific is likely to exhibit the highest growth, on account of the increasing adoption of advanced agriculture technologies such as VRT and drone, mainly in countries such as China and Japan.
Hardware segment accounted for the higher revenue share in 2015, owing to high demand of hardware components such as drone, ASS, and RADAR.
Inquire more about this report @https://www.alliedmarketresearch.com/purchase-enquiry/1422
The software market, encompassing inventory management software, people management software and financial management software among others, is expected to witness the highest growth during the forecast period with a CAGR of over 15%, owing to its ability of these software to enhance equipment's operating efficiency and smartphone integration with field machinery and devices for easy access of information.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Precision Agriculture market will create New Revenue Opportunity in Coming Years here
News-ID: 1952483 • Views: 1080
More Releases from Allied Market
Anaerobic Adhesives Market How Top Companies Adapted after COVID-19 Hit Its Busi …
Allied Market Research published a new report, titled, Anaerobic Adhesives Market: Global Opportunity Analysis and Industry Forecast, 2020–2027” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to
Hybrid Fabrics Market is Booming Worldwide at a CAGR of 9.0% from 2020 to 2027
Allied Market Research published a report, titled, "Hybrid Fabrics Market by Fiber Type (Glass/Carbon, Carbon/Uhmwpe, Glass/Aramid, Carbon/Aramid, and Others) and Application (Automotive, Aerospace & Defense, Wind Energy, Sports & Recreational Equipment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027" According to the report published by Allied Market Research, the global hybrid fabrics market garnered $213.4 million in 2019, and is projected to reach $418.0 million by 2027, growing at
Metal Removal Fluids Market: Recent Study Including Key Players, Applications, G …
Allied Market Research published a new report, titled, " Metal Removal Fluids Market: Growth Opportunity Analysis and Industry Forecast, 2019–2027." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive lan dscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps
World Chromatography Reagents Market In-Depth Analysis Of Current Research, Grow …
According to a new report published by Allied Market Research, titled World Chromatography Reagents Market - Opportunities and Forecasts, 2020-2027 The global market size Chromatography Reagents is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027. The key players of the market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Dani Instruments S.P.A.,
More Releases for Precision
Precision Medicine Market
Precision medicine is an approach of treatment that has been derived on the basis of individual variability in environment, genes and lifestyle of each person. This novel approach assists medical practitioners and researchers to understand various treatment needs in order to prevent specific diseases. It allows for highly precise targeting of medication for treatment of various diseases, which is expected to lead to high adoption by medical practitioners and researchers.
High Precision Linear Positioners
A large variety of high precision linear positioners, XY stages and vertical linear stages is offered by PI miCos. These highly accurate systems are available with many different drive options from stepper motors to rotary servo motors and electromagnetic linear motors. Miniature stages with piezo motors are also offered. Applications for these linear motion systems include semiconductor test equipment, photonics alignment, lab-automation, bio-nanotechnology, beam line instrumentation, aerospace technology,
High Precision in Six Axes
The H-811 miniature Hexapod from PI (Physik Instrumente) has very compact dimensions with a diameter of only 130 mm and a height of 115 mm. In addition to the vacuum version, it is now also available in an air version. The H-811 offers travel ranges of up to 35 mm in the XY level and up to 13 mm in the Z direction. It is especially the large tilting angles
Ceramic Drivers for Higher Precision
Piezo stepping drives replace the usual stepper or DC motors in the linear actuators of the N-381 series from Physik Instrumente (PI). As a direct linear drive the stepping drive is free of precision losses due to the exchange from rotational to linear motion. The N-381 can be operated at a velocity of 10 mm/s, provides resolutions of 20 nanometers, the position is measured using an integrated linear encoder. The
Precision without Position Sensor
Phase shifters are used in laser measurement to align optical path lengths. These move optics in the range of a wavelength, which corresponds to an adjustment range of less than one micrometer. It is crucial for the alignment to take place quickly and in a stable manner. For the new S-303.BL phase shifter, PI (Physik Instrumente) replaces classic piezo ceramic PZT actuators (made of lead titanate - lead zirconate) with pico
Perfectly Aligned Precision
With the new N-664 linear positioning stage, PI (Physik Instrumente) has succeeded in developing a further groundbreaking piezo positioning system of the reference class. A NEXACT® piezo linear drive replaces the usual stepper or DC servo motor in the N-664, thus making a position resolution of far less than a nanometer possible. Aligned to it is the new PIOne optical linear encoder with a resolution of 0.5 nm, which allows for