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Global Guidance And Steering System For Agriculture Global Market Report 2023- Size, Segmentation, Growth And Forecast To 2032
Guidance And Steering System For Agriculture Market Report
The Business Research Company's Guidance And Steering System For Agriculture Global Market Report 2023 identifies the increasing adoption of precision farming as the major driver for the guidance and steering system for agriculture market's growth in the forecast period. Precision farming, also known as precision agriculture, is an agricultural management strategy that uses advanced technology to optimize crop yields and reduce waste. Guidance and steering systems are essential components of precision farming. These systems use GPS and other technologies to guide agricultural machinery, such as tractors, combines, and sprayers, with pinpoint accuracy. This helps to optimize the use of inputs such as fertilizer, pesticides, and water, reducing waste and improving crop yields. Therefore, this factor boosts the guidance and steering system for the agriculture market.
The global guidance and steering system market size is expected to grow from $2.08 billion in 2022 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.24%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global guidance and steering system market size is expected to reach $2.85 billion in 2027 at a CAGR of 6.34%.
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Major competitors in the guidance and steering system for agriculture market are ABB Ltd., Agriculture Solutions Inc., Coromandel International Limited, Fujitsu Limited, Green Peak Technologies, Hafia Groups, Honeywell International, Inc., ICL Israel Chemicals Ltd., Koch AG & Energy Solutions LLC, Kugler Company, Levant Power Corporation, Sapec Agro S.A., STMicroelectronics N.V., Texas Instruments Incorporated., CNH Industrial N.V., and Deere And Company.
A key trend in the guidance and steering system for agriculture market includes product innovation. Major companies operating in the guidance and steering system for the agriculture market are developing innovative technological products to sustain their position in the market.
For instance, in March 2023, SingularXYZ Intelligent Technology Ltd., a China-based manufacturing company, launched the upgrade of the SAgro100 automated steering system. This innovative technology uses GPS technology and precision mapping to provide farmers with accurate and efficient guidance and steering of their agricultural equipment. Additionally, it contains unique features such as 5 cm of auto-steering, which is 2.5 cm of auto-steering accuracy, improving your farming efficiency and quality while freeing your hands, numerous work modes such as straight line, curve, U-turn, and pivot, a higher yield at a lower cost, high compatibility, multiple task types, farm management, and system components that are allowing farmers to more effectively plant, cultivate, and harvest their crops.
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The guidance and steering system for agriculture market is segmented -
•By Components: Hardware, Software, Services
•By Type: BeiDou Navigation Satellite System (BDS), Global Positioning System (GPS), Globalnaya Navigazionnaya Sputnikovaya Sistema (GLONASS), Global Navigation Satellite System (GALILEO)
•By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking And Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the guidance and steering system for agriculture market.
The Business Research Company's "Global Guidance And Steering System For Agriculture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Guidance And Steering System For Agriculture Market Include:
1. Executive Summary
2. Guidance And Steering System For Agriculture Market Characteristics
3. Guidance And Steering System For Agriculture Market Trends And Strategies
4. Guidance And Steering System For Agriculture Market - Macro Economic Scenario
5. Guidance And Steering System For Agriculture Market Size And Growth
……
26. Africa Guidance And Steering System For Agriculture Market
27. Guidance And Steering System For Agriculture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Guidance And Steering System For Agriculture Market
29. Guidance And Steering System For Agriculture Market Future Outlook and Potential Analysis
30. Appendix
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