Imaging Technology For Precision Agriculture Market is Worth US$ 756 Mn at Present. Market Valuation is expected to swell 2.3X by the end of 2031

Imaging Technology For Precision Agriculture Market 2022-2031

New Study Reports "Imaging Technology For Precision Agriculture Market 2022, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2031″ has been Added on PMR.

Report Overview

This published report for the Imaging Technology For Precision Agriculture Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Imaging Technology For Precision Agriculture Market also offers the previous historical data along with the forecast from 2022 to 2031. The assessment of the Imaging Technology For Precision Agriculture Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2022-2031.

A recently revised study by Persistence Market Research has projected that demand for imaging technology for precision agriculture will rise at a notable CAGR of 8.8% during the forecast period of 2022 to 2031, by the end of which opportunities in the market are estimated to translate to a revenue of US$ 1.7 Bn.

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Analysts of the report have notified that the market for imaging technology in precision agriculture produced a revenue of US$ 756 Mn in 2022.

Owing to escalating population across the world, the need for food will continue to increment until a foreseeable future. Sadly, growing environmental pollution has considerably decreased the percentage of arable land and hence, in order to meet the overflowing food demand, the practices pertaining to increasing farming and livestock yield are gaining popularity.

Precision agriculture is the usage of latest technologies that can make the farming process more controlled and accurate, and imaging technologies, particularly multispectral and hyperspectral, are gaining popularity across the world.

The recent advent of unmanned aerial vehicles (UAV) has been a boon for the vendors providing imaging technology for precision agriculture in various parts of the world, developed and developing countries alike.

These UAVs have the potential to significantly reduce the overall cost of agriculture in comparison to traditional methods, enabling swift monitoring of crop health and irrigation equipment, identification of weed and pest, variability in fertility rate, and environmental impact.

Key Players:

The report has profiled some of the Important players prevalent in the global like - Tetracam, Bayspec, MicaSense, XIMEA, Teledyne DALSA, Resonon, Pixelteq, Sentek Technologies, Quest-Innovations BV, 4D Technologies and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Imaging Technology For Precision Agriculture.

On the other hand, the cost of equipment and the pertaining services remains the primary restraint that is obstructing the proliferation of the technology across various developing countries.

In addition to that, the need for technological expertise to operate these products, lack of standardized regulation for the commercial usage of UAVs, and lack of awareness in several agriculture driven countries are challenging the market from flourishing.

Technology-wise, the analysts of the Persistence Market Research report have segmented the global imaging technology for precision agriculture market into multispectral technology and hyperspectral technology. Over the course of the forecast period, the hyperspectral technology segment is projected to constitute the maximum demand, which is a reflection of decreasing cost of this technology and vast information it can provide.

Product-wise, the market has been bifurcated into sensors, cameras, software, and others. Among these, the cameras segment is currently most in-demand and is expected to remain so until 2031 too, primarily because its ability to provide elaborated information on the real-time. That being said, sensors segment is also expected to remain profitable in the near future.

Geographically, the developed country of the U.S. makes North America the most profitable region by the end of the forecast period, 2031. The strong adoption rate of new technology in the U.S. and presence of prominent vendors of this market in the country are a few factors favoring the North America imaging technology for precision agriculture market.

That being said, vastly populated and agriculture dependent region of Asia Pacific is also expected to generate substantial revenue from this technology as various governments are promoting the methods that increment farming yield.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders:

Imaging Technology For Precision Agriculture Market Manufacturers
Imaging Technology For Precision Agriculture Market Distributors/Traders/Wholesalers
Imaging Technology For Precision Agriculture Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Imaging Technology For Precision Agriculture Market - Report Highlights

A detailed overview of parent market of Imaging Technology For Precision Agriculture Market
Changing Imaging Technology For Precision Agriculture Market dynamics in the industry
In-depth segmentation of the Imaging Technology For Precision Agriculture Market
Historical, current, and projected Imaging Technology For Precision Agriculture Market size regarding volume and value
Recent industry trends and developments in Imaging Technology For Precision Agriculture Market
Competitive landscape of the Imaging Technology For Precision Agriculture Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Imaging Technology For Precision Agriculture Market performance
Must-have information for Imaging Technology For Precision Agriculture Market players to sustain and enhance their market footprint.

Key Questions Answered in This Report:

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

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This release was published on openPR.