Agricultural Variable Rate Technology Market 2022-31: Industry Analysis, Size, Share, Growth And Forecast To 2031

The global agricultural variable rate technology market report by the business research company Increasing government expenditures and policymaking in the agricultural sector to be a major growth driver for the agricultural variable rate technology market. The agricultural variable rate technology refers to an area of technology that focuses on the automated applications that are used in agriculture. Using technology in agriculture will reduce labor costs by 80 percent. Spraying of pesticides by using drones is the latest technology in agriculture that has gained popularity. It also helps in many other ways in agriculture. For instance, in January 2022, the government of India announced a 100% subsidy for drones up to the value of 10 lakhs. This scheme is launched to promote drone usage in agriculture and to decrease the labor burden on farmers. Krishi Vigyan Kendras and State Agriculture Universities have also started giving training to farmers. The government had allocated a contingency fund of Rs.6000/hectare which will also be given for hiring drones from custom hiring centres (CHC). Thus, the increase in government policy and spending on technologies in agriculture helps in the growth of the agricultural variable rate technology market.

The global agricultural variable rate technology market size is expected to grow from $3.06 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The global agricultural variable rate technology market size is expected to grow to $6.25 billion in 2026 at a CAGR of 15.8%.

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North America was the largest region in the agricultural variable rate technology market in 2021. The regions covered in the agricultural variable rate technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the agricultural variable rate technology market are The Climate Corporation, Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Yara International, Valmont Industries, Inc., AgJunction, AG Leader Technology, Raven Industries Inc., Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems, and Hexagon.

The global agricultural variable rate technology market is segmented -
1) By Product: Soil Sensing Variable Rate Technology, Fertilizer Variable Rate Technology, Seeding Variable Rate Technology, Crop Protection Chemical Variable Rate Technology, Yield Monitor Variable Rate Technology, Irrigation Variable Rate Technology
2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables
3) By Farm Size: Large Farms, Small Farms, Mid-Size Farms
4) By Application: Fertilizers, Crop Protection Chemicals, Soil Sensing, Yield Monitoring, Irrigation

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The Agricultural variable rate technology market Report Contents Include
1. Executive Summary
2. Agricultural Variable Rate Technology Market Characteristics
3. Agricultural Variable Rate Technology Market Trends And Strategies
4. Impact Of COVID-19 On Agricultural Variable Rate Technology
5. Agricultural Variable Rate Technology Market Size And Growth
.......
26. Africa Agricultural Variable Rate Technology Market
27. Agricultural Variable Rate Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agricultural Variable Rate Technology Market
29. Agricultural Variable Rate Technology Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the agricultural variable rate technology market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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