Precision Farming Market Analysis, Research, Share, Growth, Trends, Forecast by 2022-2031 | Trimble, John Deere, Monsanto, DuPont

New York, According to a new market research report published by Global Insight Services Precision Farming Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Precision farming is a management system for agricultural production that uses technology to increase yields, decrease inputs, and improve farm management. The goal of precision farming is to optimize production while minimizing inputs and environmental impact.

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Key Trends

The key trends in precision farming technology include:

Increased use of sensors and sensor networks: Sensors are used to collect data on weather, soil, crop growth and yield in real time. This data is used to make informed decisions about inputs application, irrigation, planting and harvest.

Greater use of precision farming software: Precision farming software is used to manage and analyze data collected by sensors. This software is used to make decisions about inputs application, irrigation, planting and harvest.

Increased use of robotics: Robotics is used for tasks such as crop scouting, soil sampling and precision application of inputs. This technology is used to increase efficiency and reduce labor costs.

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Key Drivers

Precision farming is a modern agricultural practice that uses technology to improve the efficiency and productivity of crop production. The main drivers of the precision farming market are the need for increased food production, the need for improved resource management, and the need for reduced costs.

Restraints & Challenges

The key restraints and challenges in Precision Farming market are:

Lack of awareness: There is lack of awareness about precision farming among farmers and other stakeholders. This is a major challenge in promoting and adoption of precision farming practices.

High cost of precision farming equipment: The high cost of precision farming equipment is a major challenge in its adoption. The equipment is costlier than the traditional farming equipment and this acts as a barrier for many farmers.

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Market Segments

By Application

Crop Management
Financial Management
Farm Inventory Management
Personnel Management
Weather Tracking and Forecasting
Others

Key Players

Trimble
John Deere
Monsanto
DuPont
Raven Industries
Topcon
Dickey-John
AGCO
Lindsay
Ag Leader
Precision Planting
Climate FieldView
CropMetrics
Farmers Edge

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Reasons to buy Precision Farming Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.