Press release
Precision Farming Market to reach USD 19.39 Bn by 2029, emerging at a CAGR of 12.5 percent and forecast 2023-2029
Precision Farming Market
The report provides a comprehensive analysis of the Precision Farming Market, encompassing a detailed evaluation of key technologies, components, applications, deployment types, and regional segments. The analysis offers crucial insights into market dynamics, growth trends, and emerging opportunities.
Our market research report employs a rigorous and holistic research methodology, incorporating primary and secondary research sources. The data gathered undergoes meticulous validation to ensure accuracy and reliability.
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Precision Farming Market Dynamics:
The Precision Farming Market growth is propelled by several factors, including the increasing emphasis on sustainability, aligned with precision farming practices. This approach involves targeted application of inputs, minimizing chemical use and environmental impact. Governments worldwide are recognizing the benefits and providing subsidies and incentives to promote precision farming adoption.
The market faces challenges such as initial high setup costs, lack of awareness, and technical complexity. The costs associated with equipment, sensors, software, and data analytics can deter small and medium-sized farmers. Additionally, managing complex data from various sources and ensuring reliable connectivity pose obstacles to precision farming adoption.
Precision Farming Market Regional Insights:
North America: Dominates the Precision Farming Market, driven by advanced IoT infrastructure, fostering seamless data exchange and integration.
Europe: Strong technological growth and sustainability commitments have fueled adoption. Countries like Germany, France, and the Netherlands contribute significantly.
Asia Pacific: Experiencing rapid growth due to the agricultural dependency of countries like India, coupled with a favorable adoption environment.
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Precision Farming Market Segmentation:
The precision farming market has three primary segments: hardware, software, and services. Between the three segments, hardware has the biggest market share, accounting for around 45% of the total. This covers the actual machinery, tools, GPS receivers, sensors, drones, irrigation systems, and other technologies utilized in precision farming. The services sector is expanding and has enormous potential.
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
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 Market: 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 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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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