Precision Agriculture Market Outlook, Industry Demand and Supply, Key Prospects, Pricing Strategies, Forecast and Top Manufacturers Analysis Report by Emergen Research

The global Precision Agriculture Market is expected to reach USD 16.06 Billion by 2027, according to a new report by Emergen Research. Precision Agriculture is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.

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The research report offers insightful data about both organic and inorganic approaches undertaken by the players in the global Precision Agriculture market. The major companies are working towards fortifying their presence in the market through a series of strategic alliances, product innovations, product launches, and other fruitful business plans. The global Precision Agriculture market report provides extensive coverage of the business deals, collaborations, mergers and acquisitions, joint ventures, partnerships, and government deals. The prominent players of the global Precision Agriculture market are expected to contribute significantly to the revenue generation owing to increasing demand for the Precision Agriculture products in the industry.

Key participants include AG Leader Technology, Deere & Company, Trimble, AGCO Corporation, Raven Industries, AgJunction, SST Development Group, Cropmetrics, Dickey-john Corporation, Topcon Positioning Systems, among others.

Key Highlights From The Report

• The software segment is anticipated to witness a high growth rate of 12.4% over the forecast period. The software segment includes a detailed analysis of web-based and cloud-based precision agriculture.
• Weather tracking applications in the precision agriculture market is projected to grow at a significant CAGR during the forecast period. As the agricultural sector is vulnerable to disruptive weather events, the demand for actionable & timely information increases. The real-time data regarding weather conditions help farmers to increase their yield and reduce costs while minimizing crop damage risks.
• Yield monitoring is the most widely used application in precision agriculture as it plays a vital role in understanding field variability and helps farmers in maximizing their farm yields.
• The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, growing at a CAGR of 12.8%. The presence of countries with the largest population, rising demands for food products, and the need to enhance farm output drive the demand for precision agriculture techniques in the region.

Market Segmentation:

For the purpose of this report, Emergen Research has segmented into the global Precision Agriculture Market on the basis of component, technology, application, and region:

• Component Outlook (Revenue, USD Billion; 2017-2027)
o Hardware
1. Automation & Control Systems
 Displays
 Guidance & Steering
 GPS & GNSS
 Drones, UAV & Cameras
 Others
2. Sensing and Monitoring Device
 Yield Monitors
 Soil Sensors
 Water Sensors
 Climate Sensors
• Software
• Services
1. Consulting & training
2. Maintenance & update
3. Integration
4. Managed Service
5. Other Services
• Technology Outlook (Revenue, USD Billion; 2017-2027)
o Guidance Technology
o Remote Sensing
o Variable-Rate Technology
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Yield Monitoring
o Field Mapping
o Crop Scouting
o Weather Tracking & Forecasting
o Irrigation Management
o Inventory Management
o Farm Labor Management
o Financial Management
o Others

Regional Analysis:

The report provides an investigation of the global market in various geographical regions. The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report covers a detailed examination of the market scenarios and trends on a regional and global level.
Key geographical regions analyzed in the report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report presents a holistic overview of the market in terms of market size, market share, regional analysis, regulatory framework, technological developments, product advancements, factors influencing the market growth, and impact analysis of the drivers and restraints. It offers an analysis of the factors having the potential to affect the dynamics of the demand and supply, along with current and emerging trends. These assessed key elements offer accurate insights into the market for the forecast period of 2020-2027.

Summary of the Global Precision Agriculture Report:

• Comprehensive analysis of the market including risks and opportunities
• Details of business strategies and plans undertaken by key market players
• Analysis of current and future trends that will affect the growth of the market in the forecast timeline
• In-depth analysis of drivers and constraints for better understanding of the market
• The report encompasses a detailed forecast for the years 2020-2027.
• The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Precision Agriculture Market Segmentation & Impact Analysis
4.1. Precision Agriculture Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demands for more food products to feed the ever increasing population
4.2.2.2. Optimized operations and cost cutting offered by Precision Agriculture/Agriculture
4.2.2.3. Urge to adopt modern agricultural techniques to boost production
4.2.3. Market restraints analysis
4.2.3.1. High investment in R&D
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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