Doubts Related to the Imaging Technology Market Explained in the Report with Major Key Companies like Bayspec, Quest Innovations, Tetracam, Pixelteq, Micasense, Resonon¸ Ximea, and Teledyne Dalsa

The global Imaging Technology Market for Precision Agriculture Market was accounted for US$ 40.3 Mn in terms of value in 2019 and is expected to grow at CAGR of 6.8% for the period 2020-2027.

Market Dynamics- Drivers

Increasing demand for imaging systems for precision farming is expected to drive growth of the global imaging technology market for precision agriculture during the forecast period
Advent of unmanned aerial vehicle (UAV) has offered numerous advantages to precision farming along with ease of use, improved data accuracy, and low cost. This, in turn, provides accuracy of data for imaging systems, thereby augmenting precision farming. Moreover, there are various applications of imaging systems in precision farming such as animal monitoring, crop health monitoring, environmental impact assessment, irrigation equipment monitoring, weed and pest identification, and variable rate fertility. Hence, these factors are expected to drive growth of the market during the forecast period.

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Additional benefits over existing precision farming technologies are expected to propel growth of the global imaging technology market for precision agriculture over the forecast period
Usage of UAV for precision farming offers the various mentioned benefits over aircraft- and satellite-enabled imaging systems. Among these mentioned advantages, low cost and lesser time required to capture and analyze data are expected to be the primary factors driving the adoption of UAVs, which will result in increasing demand for imaging technology in precision farming. Hence, these factors are expected to propel the global imaging technology market for precision agriculture growth in the near future.

Imaging Technology Market for Precision Agriculture Market - Impact of Coronavirus (Covid-19) Pandemic

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Many governments around the globe such as India, Spain and Italy have imposed nationwide lockdown to prevent the spread of COVID-19 disease. For instance, India have imposed lockdown from 25 March to 1 May until the further notice. Lockdown resulted in the shortage of the workers at the farms. Due to the manpower shortage the farms are struggling to carry out the plantation activities. Moreover, there is also shortage of transportation facilities such as Trucks and Trains. Owing to above mentioned factors, the COVID-19 pandemic is expected to restrain the market growth during the year 2020.

Statistics:

GCC Countries held dominant position in the global Imaging Technology Market for Precision Agriculture market in 2019, accounting for 42.9% share in terms of value, followed by Europe and Asia Pacific, respectively

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