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High Implementation of Advanced-Harvesting Systems is Set to Drive Global Precision Harvesting Machine Market

12-02-2021 01:36 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

High Implementation of Advanced-Harvesting Systems is Set

Precision agriculture refers as a technique of farm-management that involves the use of information technology IT with the intention that the crops & soil can get the right amount of things at the accurate time. It ensures better productivity, sustainability, profitability and protection of the environment. This technique is generally based on specific IT equipment, software & services and involves evaluating real-time information on the condition of plants, soil and ambient air along with other relevant information, including hyper-local weather forecasts, labor costs and equipment availability. Precision-harvesting machines generally recover the harvest-productivity with a fully-integrated harvesting solution that uses proven technologies for all harvesting requirements.

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As per analysis, Global Precision Harvesting Machine Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global precision harvesting machine market include AgJunction, FFRobotics, John Deere, Precision Planting, Vision Robotics Corporation, Abundant Robotics, Trimble, Harvest Automation, Raven Industries, AGCO Corporation, AG Leader, Harvest Croo Robotics and among others. Leading players in the market participate in the development of novel products and strategic acquisitions in order to remain competitive in the market.

In terms of type, precision-harvesting machine market can be bifurcated as harvesting robots, combine and forage harvesters. Harvesting robots segment dominates the global market owing to growth in food production demand. Additionally, combine segment is expected to witness higher growth rate due to rise in use of connected & autonomous combine harvesters with the advanced precision agriculture technology components including3D cameras, sensors, GPS, and yield monitoring systems during the forecast period. In addition, based on application types, market can be segmented as yield monitoring and guidance & steering.

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Increase in consciousness regarding internet of things (IoT) devices & advanced analytics, followed by growth in adoption of precision harvesting to improve harvesting productivity with fully-integrated harvest solution, increase in use of harvesting robots in greenhouse & horticulture, growth in trend of maximizing agricultural resources in a sustainable manner, significant cost savings & favorable government efforts towards improved adoption of the modern harvesting techniques, increase in mechanization of farms are some major factors, which are responsible for growth of the precision harvesting machine market. Apart from this, lack of skill set & technical knowledge among farmers and high initial cost to purchase & integration of machines may impact the market. Moreover, growth in adoption of mechanical labor techniques in agriculture is a leading opportunity for global market. Furthermore, lack of standardization & safety issues with precision harvesting is a key challenge for market.

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Based on regional analysis, the North-America is a leading region in global precision harvesting machine market owing to high implementation of advanced-harvesting systems, guidance systems and equipment steering across the region. The Asia-Pacific and Europe regions are estimated to exhibit considerable growth rate due to high labor-intensive area and growth in adoption of precision harvesting technologies over the forecast period. It is projected that future of the global precision harvesting machine market will be bright as a result of increase in government promotion along with support for adoption & applications for the modern agriculture techniques during the forecast period.

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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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