Press release
12.8% CAGR of Precision Farming Market Size Worth USD 13 billion, by Technology, Application, Offering, Geography, Opportunities, Challenges and Key Drivers
"Precision Farming"
Precision Farming Market: by Technology (Guidance, VRT, Remote Sensing), Application (Crop Scouting, Field Mapping, Variable Rate Application), Offering (Hardware-Sensors, GPS, Yield Monitors; Software; Services) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Precision Farming Market Key Players:
Deere & Company
Trimble
AGCO Corporation
AgJunction
Raven Industries
AG Leader
Taranis
AgEagle
Teejet Technologies
The Climate Corporation
Topcon Positioning Systems
Descartes Labs
ec2ce
Prospera Technologies
Autonomous Tractor Corporation
Hexagon Agriculture
CropX Technologies
Granular
Autocopter Corp
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Scope of the Precision Farming Market Report:
Precision Farming Market is segmented into Technology, Offering, Application and geography.
On the basis of Application
Yield Monitoring
Crop Scouting
Field Mapping
Variable Rate Application
Precision Irrigation
Precision Seeding
Precision Fertilization
Nitrogen VRA
Phosphorous VRA
Lime VRA
Pesticide VR
Weather Tracking & Forecasting
Inventory Management
Farm Labor Management
Financial Management
Others (Demand Forecasting, Customer Management, Payables and Receivables, Profit Center Analysis, and Tax Management)
On the basis of Technology
Guidance Technology
GPS/GNSS-Based Guidance Technology
GIS-based Guidance Technology
Remote Sensing Technology
Handheld or Ground-based Sensing
Satellite or Aerial Sensing
Variable-Rate Technology
Map-based VRT
Sensor-based VRT
On the basis of Offering
Hardware
Automation and Control Systems
Displays
Guidance and Steering Systems
GPS/GNSS Devices
Drones/UAVs
Irrigation controllers
Handheld Mobile Devices/Handheld Computers
Flow And Application Control Devices
Others (Standalone Cameras, Small Electronic Components in the Boom Spray, and Data Loggers)
Sensing and Monitoring Devices
Yield Monitors
Soil Sensors
Moisture Sensors
Temperature Sensors
Nutrient Sensors
Water Sensors
Climate Sensors
Software
Local/Web Based
Cloud Based
Services
System Integration and Consulting Services
Managed Services
Connectivity Services
Assisted Professional Services
Maintenance and Support Services
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Precision Farming Market Recent Developments:
In January 2020, the new Fendt Momentum planter was introduced by AGCO for row crop farmers in North America.
In November 2019, Raven Industries completed the acquisition of Smart Ag Inc., which is a tech company that develops autonomous farming solutions in order to become the industry leader in autonomous agriculture solutions.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
Gain authentic and granular data access for Precision Farming market so as to understand the trends and the factors involved behind changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Precision Farming Market Regional Analysis:
America is expected to be the largest market during the forecast period. Due to the early adoption of technology along with precise farming system have led to growth in the commercial refrigeration equipment in the region. To add on the reduced labour cost, growing population and increased requirement of productivity from the same area of land have also contributed to the market development.
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