Press release
The global Precision Farming Market, valued at USD 8.5 Bn in 2022, is projected to grow at a CAGR of 12.5 Percent during the forecast period. The market is estimated to reach around USD 19.39 Bn by 2029.
Precision Farming Market
The comprehensive report titled "Global Precision Farming Market: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2029" provides detailed insights into the precision farming industry. The report covers market trends, drivers, restraints, and regional insights. It follows a robust research methodology, including primary and secondary research, to deliver accurate market intelligence.
Key players in the precision farming market include Deere & Company, Trimble, AGCO Corporation, and Topcon Positioning Systems. These companies offer a wide range of precision farming solutions, including GPS-guided machinery, farm management software, and data analytics tools. They have a global presence and focus on delivering advanced technology solutions for efficient farming operations.
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What are Precision Farming Market Dynamics:
Precision farming, also known as site-specific crop management, has gained significant market share with the increasing adoption of digitization in agriculture. It combines data collection, remote sensing, Global Positioning Systems (GPS), and Geographic Information Systems (GIS) to enable farmers to respond to in-field variability and optimize crop management. Precision farming technologies, such as machine learning and AI, reduce field waste, enhance crop quality, and promote sustainable food production.
The adoption of precision farming practices aligns with the increasing focus on environmental sustainability in agriculture. By precisely applying inputs and minimizing the use of chemicals, precision farming reduces the environmental impact of farming operations. Government initiatives, subsidies, and grants further drive the adoption of precision farming technologies.
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Precision Farming Market Regional Insights:
North America has been the leading player in precision farming, driven by technological prowess and well-developed infrastructure. Europe, with its focus on sustainability and environmental conservation, has also contributed significantly to the market. Asia Pacific is the fastest-growing market, with countries like India, China, and Japan adopting precision farming technologies to enhance agricultural productivity.
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What is Precision Farming Market Segmentation:
By Application:
Yield Monitoring
Crop Scouting
Variable Rate Application
Field Mapping
Weather Tracking
By Component:
Hardware
Software
Services
By Technology:
Global Positioning System
Geographic Information System
Remote Sensing
Variable Rate Technology
Telematics
By Deployment:
On-premises
Cloud-based
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Who are Precision Farming Market Key Players:
1. Deere & Company - United States
2. Trimble - United States
3. AGCO Corporation - United States
4. Raven Industries - United States
5. Topcon Positioning Systems - United States
6. AgJunction - United States
7. Ag Leader Technology - United States
8. CNH Industrial - United States
9. SST Software - United States
10. Teejet Technologies - United States
11. Valmont Industries - United States
12. Precision Planting - United States
13. The Climate Corporation - United States
14. Lindsay Corporation - United States
15. Trimble Navigation Limited - United States
16. DICKEY-john Corporation - United States
17. Sentera LLC - United States
18. SST Development Group, Inc. - United States
19. Farmers Edge - Canada
20. Mavrx Inc. - United States
21. Agri Con GmbH - Germany
22. Hexagon Agriculture - Sweden
23. AgroSense - Hungary
24. Yara International - Norway
25. Kubota Corporation - Japan
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Table of content for the Precision Farming Market includes:
1. Global Precision Farming: Research Methodology
2. Global Precision Farming Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Precision Farming Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Precision Farming Market Segmentation
• Global Market, by Application (2022-2029)
• Global Market, by Component (2022-2029)
• Global Market, by Technology (2022-2029)
• Global Market, by Deployment (2022-2029)
5. Regional Precision Farming Market (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Component (2022-2029)
• Regional Market, by Technology (2022-2029)
• Regional Market, by Deployment (2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Application, Component, Technology and Deployment
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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