Press release
Global VRT Technology Market : Status and Forecast, By Players, Types and Applications By 2027
Global VRT Technology MarketThe global VRT Technology Market is studied in detail in the new report on Qualiket Research. The new report studies the VRT Technology Market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods. The key economic factors affecting the global VRT Technology Market are studied in detail in the global VRT Technology Market report, including a detailed assessment of the microeconomic and macroeconomic environment of the market.
VRT technology is referred as Variable –Rate Technology which facilitates procedures to vary the rate of yield inputs. This technology is used to accelerate VRA (variable Rate Application) of resources in precision farming. VRT technology combines a variable rate control system with variable rate application equipment to apply inputs of a precise time or location to achieve site specific application rates of inputs.
Favorable government initiatives for adoption of modern agricultural techniques which expected to boost the global VRT technology market growth. Furthermore, the rise in average age of farmers in developed countries will positively influence the market growth. Also, improved efficiency and productivity through improved crop yields with field quality will support the market growth during this forecast period. Moreover, growing integration of smartphones with agricultural hardware and software applications expected to drive the global VRT technology market growth. In addition, VRT services provided by leading players in developing economies will fuel the market growth.
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High initial capital investment is the major challenging factor which expected to hinder the global VRT technology market growth. Also, lack of technical awareness and understanding regarding advantages of VRT over traditional farming practices may affect the market growth.
Market Segmentation
The Global VRT Technology Market is segmented into crop type such as Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others, by offerings such as Hardware, Software, and Service, by application method such as Sensor Based VRT, and Map Based VRT, by Farm Size such as Large Farms, Small Farms, and Mid-Size Farms. Further, market is segmented into application such as Fertilizer VRT, Soil Sensing VRT, Seeding VRT, Crop Protection Chemical VRT, Irrigation VRT, and Others.
Also, the Global VRT Technology Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AGCO Corporation, Aarkay Food Product, Yara International Asa, SST Software, Raven Industries Inc, Lindsay Corporation, Kubota Corporation, Deere and Company, CNH Industrial N.V., etc.
Market Segmentation
By Crop Type
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others
By Offerings
• Hardware
• Software
• Service
By Application Method
• Sensor Based VRT
• Map Based VRT
By Farm Size
• Large Farms
• Small Farms
• Mid-Size Farms
By Application
• Fertilizer VRT
• Soil Sensing VRT
• Seeding VRT
• Crop Protection Chemical VRT
• Irrigation VRT
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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About Us
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
Email: sales@qualiketresearch.com
Website: https://qualiketresearch.com
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