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North America Precision Agriculture Market To Reach US$ 7.5 Billion By 2028 | Growth Rate (CAGR) of 11.8%
North America Precision Agriculture Market
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North America Precision Agriculture Market Trends:
The market in North America is majorly driven by significant growth in the agriculture industry. As farmers have become more reliant on smartphones and other forms of technology to stay informed about the latest developments in the industry, this is driving the growth of the precision agriculture market in the region. Along with this, the widespread adoption of precision agriculture methods to monitor crop health, detect potential problems, and use variable rate application of fertilizer, pesticides, and herbicides is significantly supporting the market. This, in turn, allows increased crop yields, improved soil health, and reduced environmental impacts, such as water pollution and soil erosion. In addition, precision agriculture techniques allow users to monitor production levels, soil moisture, and sunlight intensity in real-time from a distance, expediting decision-making and thereby propelling the demand for precision agriculture. Furthermore, the widespread integration of AI-based solutions in precision farming solutions is creating a positive market outlook.
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Key Market Segmentation:
Breakup by Technology:
• GNSS/GPS Systems
• GIS
• Remote Sensing
• Variable Rate Technology (VRT)
Breakup by Type:
• Automation and Control Systems
• Sensing and Monitoring Devices
• Farm Management Systems
Breakup by Component:•
Hardware
• Software
Breakup by Application:
• Mapping
• Crop Scouting
• Yield Monitoring
• Soil Monitoring
• Precision Irrigation
• Others
Breakup by Regions:
• United States
• Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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