Precision Farming Market Competitive Landscape Outlook to 2025 | AGCO Corporation, CropMetrics LLC, Delaval Corporation, Farmers Edge Inc., Monsanto Company, Precision Planting Inc., Raven Industries

Global precision farming market share, over the recent years, has been witnessing meteoric rise owing to the laudable initiatives undertaken by regional governments to combat declining agricultural productivity. The farming sector has perpetually been marred with several challenges including a marked increase in the cost of production, restricted employment opportunities, fragmented land holdings, degrading and diminishing natural resources, etc. Moreover, the rapid pace of urbanization and the burgeoning population has further aggravated and contributed toward further deterioration of the farming sector which already is in shambles.

While observing the transforming landscape of the farming sector, it is quite impossible to not mention that the launch of innovative precision tools by these next-gen start-ups has propelled the growth trajectory of the overall precision farming industry. While the competitive spectrum of the precision farming market consists of numerous top-notch companies, a sizeable portion of the growth of this business space can be attributed to the emergence of start-ups. Following is a brief outline of the contributions of a few major start-ups which have generated waves of anticipation in the precision farming market over the recent years:

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Citing an instance affirming the efficacy of technology deployment is the participation of Israel based precision farming industry giant Evogene in a consortium sponsored by Israel Innovation Authority. As has been reported, the consortium consists of a dozen precision farming industry players and universities which would aim to develop plant phenotyping technologies by deploying comprehensive artificial intelligence algorithms and big data. The real-time analysis of this data is likely to assist farmers in dealing efficiently with unpredictable crop season and enhance systems and tools for precision agriculture.

Apart from government initiatives, numerous major US based precision farming industry players have been releasing cutting edge products to retain their preeminence in this highly combative business space. For instance, Illinois headquartered Precision Planting recently launched a total of 3 new products in the precision farming market. The firm has released a 20|20 monitor which offers an advanced agronomic picture which enables farmers to optimize planting and harvest decisions with a smart interface. The second product is named as SeederForce, which is a progression automated downforce control system utilized in the air-seeder market. The third product on the list is a multi-hybrid planting system that allows for two hybrids to be planted in a single field by deploying a meter with a seed selector and a dual compartment hopper.

Despite management of data being one of the major hindrances to the growth of this business space, the application matrix of the precision farming market has encompassed weather monitoring, financial management, field monitoring, waste management, yield monitoring, irrigation management. As the application scope of precision tools increases in the ensuing years, the precision farming market is projected to observe an exponential growth rate, with a target revenue estimation in excess of USD 12 billion by 2025.

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Glimpse of Table of Content (ToC): -
Charts & Figures
FIG. 1 Steps in precision farming
FIG. 2 Components of precision farming
FIG. 3 Industry segmentation
FIG. 4 Global precision farming market, 2014 - 2025 (USD Million)
FIG. 5 Industry ecosystem analysis
FIG. 6 Evolution of Precision Farming
FIG. 7 Porter’s analysis
FIG. 8 Precision Farming Market PESTEL analysis
FIG. 9 Growth potential analysis
FIG. 10 Company analysis of hardware providers, 2018
FIG. 11 Company analysis of innovation leaders, 2018
FIG. 12 Precision Farming Market Competitive Landscape, 2018
FIG. 13 GPS precision farming architecture
FIG. 14 SWOT Analysis, AG Leader Technology
FIG. 15 SWOT Analysis, AGCO
FIG. 16 SWOT Analysis, AgJunction
FIG. 17 SWOT Analysis, Agribotix LLC.
FIG. 18 SWOT Analysis, Valmont
FIG. 19 SWOT Analysis, Agsmart Pty Ltd.
FIG. 20 SWOT Analysis, BouMatic
FIG. 21 SWOT Analysis, CROPMETRICS
FIG. 22 SWOT Analysis, CropX Inc.
FIG. 23 SWOT Analysis, Deere & Company

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