openPR Logo
Press release

Imaging Technology for Precision Agriculture Market Robust pace of Industry during 2021 - 2031 and Expanding with a CAGR of 8.8%

09-29-2022 09:14 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Imaging Technology for Precision Agriculture Market Robust

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 2021 to 2031, by the end of which opportunities in the market are estimated to translate to a revenue of US$ 1.7 Bn.

Analysts of the report have notified that the market for imaging technology in precision agriculture produced a revenue of US$ 756 Mn in 2021.

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.

Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/12016

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.

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.

For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/12016

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.

Key Players :

• Tetracam
• Bayspec
• MicaSense
• XIMEA
• Teledyne DALSA
• Resonon
• Pixelteq
• Sentek Technologies
• Quest-Innovations BV
• 4D Technologies
• Others

Download TOC, list of figures & tables @ https://www.persistencemarketresearch.com/market-research/imaging-technology-for-precision-agriculture-market/toc

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Imaging Technology for Precision Agriculture Market Robust pace of Industry during 2021 - 2031 and Expanding with a CAGR of 8.8% here

News-ID: 2753000 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Precision

Precision Harvesting Market Report 2024 - Precision Harvesting Market Trends And …
"The Business Research Company recently released a comprehensive report on the Global Precision Harvesting Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Electronic Precision Repair Service Market Growth Drivers, and Competitive Lands …
The Electronic Precision Repair Service Market Trends Overview 2024-2031: A new Report by Worldwide Market Reports, titled "Electronic Precision Repair Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Electronic Precision Repair Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures,
Precision Straightening Service Market by Forecast to 2030 With Covered Top Comp …
Worldwide Market Reports is pleased to announce the release of its latest research report titled "Precision Straightening Service Market - Forecast to 2030." This comprehensive report offers a holistic view of the Precision Straightening Service market, providing systematic segmentation and covering every aspect of the target market. With over-market data tables, pie charts, graphs, and figures spread across easy-to-understand pages, the report offers detailed analysis. The information presented in the
Precision Diagnostics Market - Diagnostic Excellence, Delivered with Precision
Newark, New Castle, USA: The "Precision Diagnostics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Precision Diagnostics Market: https://www.growthplusreports.com/report/precision-diagnostics-market/8518 This latest report researches the industry structure, sales, revenue,
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories. Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment. https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/ Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/ 7th Floor Mulliner Towers, 39 Alfred Rewane Road, Ikoyi Lagos, Nigeria. Direct Expansion Precision Air Conditioner from 6 to
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input