Precision Farming Market 2022 Disclosing Latest Trends and Advancement Outlook 2027

The Precision Farming Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Precision Farming market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Precision Farming market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Precision Farming market.

The Precision Farming Market was valued at USD 5147.6 million in 2020 and is expected to reach USD 10491.45 million by 2026 and grow at a CAGR of 12.6% over the forecast period (2021-2026). 

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Top Leading Companies of Precision Farming Market are - AGCO Corporation, Ag Junction Inc, John Deere, DICKEY-john Corporation, TeeJet Technologies, Raven Industries Inc., Lindsay Corporation, Topcon Precision Agriculture, Land O'lakes Inc., BASF SE, Yara International ASA and others.

Industry News and Updates:

- March 2020 - AgJunction Inc partnered with GeoSurf Corporation (GeoSurf) and Anhui Zhongke Intelligent Sense and Big Data Industrial Technology Research Institute Co. Ltd (ISTI) to provide precision agriculture solutions in the Asia-Pacific region. GeoSurf has recently launched TaznaX, a precision agricultural solution for rice and onion transplanters based on AgJunction's Wheelman and Whirl technology.

- January 2020 - AGCO Corporation introduced the new Fendt Momentum planter to North American row crop producers. This planter's design and versatility establish a new standard for seed placement accuracy and provide technologies to help overcome planting conditions that have historically challenged even emergence and resulted in less than optimum crop yields. The Momentum planter is easily customized with popular Precision Planting technologies making it sophisticated yet simple to operate.

Key Market Trends:

Soil Monitoring is Expected to Hold Significant Share

- While some farmers have specific knowledge of detecting soil moisture and health, such knowledge is confined to only a few. Taking farming decisions based on soil moisture and health has become even more difficult in the age of climate change. Soil sensors measure a variety of essential soil properties and relay it to a display device through a reliable means of communication. Soil sensors are generally used in conjunction with the variable rate applications or GPS to generate field maps, categorized according to the properties of the soil. Soil sensors are very crucial to monitor the feasibility of the growth of the crops during the harvesting period.
- Sensors are used for generating real-time information after the analysis of the data and causes the corresponding changes in the application rate. Conventional models of the utilization of a map-based approach are considered to be more productive. They allow room for problem analyzing, and subsequently adjusting the variable rate application in the following steps. 

Asia Pacific is Expected to Witness Highest Growth

- According to the Food and Agriculture Organization (FAO) of the UN, more than 80% of the food consumed in sub-Saharan Africa and Asia is grown by smallholder farmers. Growing global demand from food processors and consumers for accountability for the full lifecycle of produce is developing new access opportunities for smallholder farmers. Precision application of crop protection solutions is changing the agriculture sector in Asia. According to the German-based company Jebagro GmbH, its subsidiary in Myanmar is applying almost half of its pesticide products with UAVs.
- Service providers in many Asian countries are leapfrogging to advance application methods, hence making Asian agriculture prime focus for the studied market vendors. Smart tractors, UAVs, ground leveling services, satellite imaging, pesticide application, irrigation services, and handheld decision diagnostics and decision support are becoming more accessible for smallholder farmers in the region without investment in expensive infrastructure.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Precision Farming Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Precision Farming Market (%),2016 - 2026
- Precision Farming Market Share, By Brand
- Precision Farming Market Share, By Company
- Precision Farming Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Precision Farming Market Value Analysis & Forecast
- Promising Precision Farming Development by Major Companies
- Detailed Precision Farming Portfolio of the Major Companies
- Major Deals in the Precision Farming Market
- Major Companies Analysis

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