Agricultural Variable Rate Technology Market is anticipated to expand at a Robust compound annual growth rate (CAGR) from 2021 to 2031 | Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV

New York, Agricultural Variable Rate Technology (VRT) is the application of inputs at variable rates across a field according to spatial variability. VRT can be used for many different inputs, including seed, fertilizer, and pesticides. The goal of VRT is to optimize input use and improve economic and environmental outcomes.

VRT is made possible by advances in mapping and GPS technology. Maps are used to create prescription maps, which show the desired application rate for each location in a field. GPS guidance systems then allow for precise application of inputs according to the prescription map.

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VRT can be used to manage field variability due to soil type, topography, or previous management practices. It can also be used to account for changes in field conditions throughout the season. For example, VRT can be used to apply more fertilizer to areas of a field that are lagging in growth or have been damaged by pests.

Key Trends

The key trends in agricultural variable rate technology (VRT) are:

1. Increased adoption of VRT by farmers

2. Improved accuracy of VRT systems

3. Increased use of VRT for irrigation

Key Drivers

The key drivers of the Agricultural Variable Rate Technology market are increasing demand for yield improvement and labor cost reduction. The other drivers include,

1. Improvement in the quality of yield

2. Reduction in the use of pesticides and other chemicals

3. Increase in the efficiency of water use

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Market Segments

The agricultural variable rate technology market is segmented by offering, type, application, and region. By offering, the market is classified into hardware, software, and services. Based on type, it is bifurcated into crop protection chemicals, soil sensing, seeding, and others. On the basis of the application, it is divided into map-based VRT, and sensor-based VRT. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The agricultural variable rate technology market includes players such as Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Kubota Corporation, Yara International, SZ DJI Technology Co. Ltd., Valmont Industries Inc., Lindsay Corporation, and others.

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