Press release
Precision Farming Market Worth USD 8.5 Billion in 2022, Expected to Grow at a CAGR of 12.5 Parcentage
Precision Farming Market
Precision Farming, also known as site-specific crop management, is gaining significant market share, especially during the digital transformation era. It integrates data collection and remote sensing with Global Positioning Systems (GPS) and Geographic Information Systems (GIS) to empower farmers to respond effectively to in-field variability in their crop management. Our report on the Precision Farming Market is based on comprehensive research utilizing advanced technologies, including machine learning and AI, to provide real-time insights into the market. We have collected and analyzed data related to crop production from seed to harvest, offering farmers a detailed analysis of their crops and other valuable data.
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What are Precision Farming Market Dynamics:
Precision farming uses technologies like machine learning and AI which reduces on-farm field waste by increasing crop quality, and help in food production sustainability. By collecting and attaching data to crop production, starting at the seed production stage and following to harvest, gives farmers a detailed analysis of the crop along with other useful data. It enhances sustainability and helps in minimizing water usage, reducing greenhouse gas emissions, and preventing soil erosion. Some of the technologies which the farmers use in Precision farming are Remote Sensing, Machinery Telematics, which helps in finding out data regarding crop health, vegetation indices, soil moisture, and other relevant parameters. Not just crop health, but also crop yield, crop production, crop nutrients were possible by the use of such technologies that could generate real time results.
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Precision Farming Market Regional Insights:
North America: Leading the precision farming market due to technological prowess and well-developed infrastructure. John Deere is a prominent player, offering advanced machinery equipped with GPS and data-driven capabilities.
Asia Pacific: Witnessing significant growth, driven by increasing digitization in Indian, Chinese, and South Asian economies. Japan and China are at the forefront of precision farming adoption, with government initiatives promoting its growth.
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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
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
Table of content for the Precision Farming Market includes:
Global Precision Farming Market: Research Methodology
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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