The Worldwide Precision Farming Market Is Expected To Grow At A CAGR Of 13% Over The Assessment Period

As per Fact.MR- a market research and competitive intelligence provider- demand for precision farming solutions registered an uptick at a CAGR of around 12% from 2017 to 2021. Heightening labor costs, dearth of experienced personnel, and increased demand for agricultural goods have prompted agriculturists to invest in precision farming solutions in recent years.

Decades of chemical-intensive farming, deforestation, and eventual global warming are driving traditional farmers to adopt new technology. Consumer trends such as plant-based and vegan diets are driving the demand for farmers to produce more. Because of the prevalence of nitrogen-intensive fertilizers and the diminishing supply of arable land, value chain players are moving their attention to precision farming. Precision farming improves control over farming conditions by ensuring a seamless flow of critical information.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:https://www.factmr.com/connectus/sample?flag=S&rep_id=4593

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗧𝗿𝗲𝗻𝗱𝘀 𝗜𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗙𝗮𝗿𝗺𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁'𝘀 𝗚𝗿𝗼𝘄𝘁𝗵?

The increasing demand for climate information services due to its benefits that help farmers to deal with climate change and unpredictability to better agricultural decision-making is the primary reason for the market for weather tracking and forecasting to develop rapidly during the forecast period.
Furthermore, the growing need for cloud platforms for climate services is a significant driver of the precision farming market for this application. Weather-based controllers, rain sensors, temperature sensors, network components, water meters, and sensor-based controllers are some of the technologies used in irrigation management.
The growing demand for water conservation and food production, as well as the reduction of resource waste, are the primary motivators for the increased usage of precision instruments for irrigation management applications.

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀 𝗳𝗼𝗿 𝗣𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗙𝗮𝗿𝗺𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗨.𝗦.?

North America precision farming market controls the majority accounting for more than 42% of overall market value. Highly industrialized row crop farms in wealthy nations such as the United States are driving demand for precision farming technology that enhance crop productivity on less area.

𝗚𝘂𝗶𝗱𝗮𝗻𝗰𝗲 𝗦𝘆𝘀𝘁𝗲𝗺𝘀 𝗢𝗽𝗲𝗻 𝘁𝗵𝗲 𝗗𝗼𝗼𝗿 𝘁𝗼 𝗙𝘂𝘁𝘂𝗿𝗲 𝗚𝗿𝗼𝘄𝘁𝗵
As industrialized row crop farms expand, there is an urgent need to map production plans, automate sowing methods, assess soil variability, and assure appropriate input use (fertilizers, pesticides). Guidance systems that assist map and track numerous farm parameters account for more than 41% of total market value.
Other technologies, such as remote sensing and variable rate technology, account for 58% of the total. Remote sensing is gaining momentum with customers due to its capacity to identify soil variations and maintain agricultural security. Variable rate technology, on the other hand, has the highest growth rate during the forecast period. The growing awareness of the negative effects of chemically loaded agricultural systems drives the usage of variable rate technologies to solve soil fertility imbalances

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:https://www.factmr.com/connectus/sample?flag=RC&rep_id=4593

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Leading players are active in awareness campaigns that address the pressing issue of soil degradation and educate farmers on the benefits of precision farming. Industrialized farms use automated machinery to assure a consistent level of output yield. Farmers are investing in farm digitization to improve security.
• In January 2022, John Deere & Co. introduced its line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part and parcel of its endeavor to expand its footprint in the precision agriculture domain
• In April 2021, Trimble Inc. forged a collaborative agreement with HORSCH- one of the leading manufacturers of agricultural technology globally- to establish a future for autonomous machines and workflows in the agricultural industry. The companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active field work.

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝗣𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗙𝗮𝗿𝗺𝗶𝗻𝗴 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗿𝘃𝗲𝘆

Application
• Yield Monitoring
• Field Mapping
• Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management
• Other Applications

Technology
• Precision Farming Guidance System
• Remote Sensing Precision Farming
• Variable-Rate Technology Precision Farming

Offering
• Hardware
• Software
• Services

𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:

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