Precision Agriculture Market Technology & Future may be in Drones | Agribotix, Bayer CropScience AG, Case IH Agriculture, ClearAg Operations, Conservis Corporation, Deere & Company, Farmers Edge Inc., Fairport Farm Software, Fuse Technologies, Granular AG

The global precision agriculture market size is expected to garner USD 14.2 billion by 2028, registering a CAGR of 14.9 % during the forecast period 2028. Rising technological advancements, increase in the number of innovations and automation of various tasks and processes in various fields as well as growing adoption of technologies in various sectors in order to cater to the rising population as well as to make their mark in the competitive market, are positively impacting to the expansion of the global precision agriculture market over the forecast time frame.

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Expanded farm automation in non-industrial nations, rising work costs because of a lack of talented work, expanding strain on the global food supply because of rising populace, huge expense reserve funds related with brilliant cultivating strategies, and government drives to embrace present day horticultural methods are a portion of the main considerations driving the development of the precision cultivating market.

Moreover, the increase research and development activities across the globe, in various fields to offer better solutions and better yields in the farms to cater the over rising population and their huge demands are further creating opportunities for the growth of global precision agriculture market over the coming years.

Further, rising importance of growth and development in agriculture fields as well as increasing importance of farm lands are further contributing to the growth of industry. Also, rising competition in several fields is increasing adoption of better business strategies and better products by the companies, further fueling industry growth.

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Precision cultivating is turning out to be progressively famous among ranchers as the interest for ideal harvest yield with restricted assets develops. Besides, the appropriation of new cultivating innovations to further develop ranch usefulness and harvest yield has been provoked by adjusting climate designs because of expanding global warming. Precision cultivating can possibly adjust the agriculture area by expanding the proficiency and consistency of customary cultivating exercises. The development of the precision cultivating industry is being filled by rising global food interest, expanded productivity and harvest yield, and harvest wellbeing observing for more prominent yield creation. Moreover, in numerous nations, government drives are helping ranchers in utilizing ideal rural and specialized instruments to build their creation levels.

Precision agricultural equipment based on cutting-edge innovations contributes to the primary concern investment funds by lowering labor costs and enhancing ranch chores in general.

The cell phone is one of the most widely used mechanical inventions of all time. Cell phones are becoming wonderful and simple-to-convey devices for ranchers, thanks to the availability of many easy-to-use farming apps (applications). Many cell phone applications are simple and provide crucial information about farming, such as weather and environmental factors. These programs effectively assist farmers in making excellent decisions.

Key Segments of the Global Precision Agriculture Market

Technology Overview, 2019-2028 (USD Million)

Remote Sensing

Guidance System

VRT

Application Overview 2019-2028 (USD Million)

Agriculture

VRT

Field Mapping

Irrigation Management

Weather Tracking & Forecasting

Inventory Management

Farm Labor Management

Financial Management

Others

North America

U.S.

Canada

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Middle East and Africa

UAE

South Africa

Rest of Middle East and Africa

South America

Brazil

Rest of South America

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