Press release
Precision Farming Market is valued at USD 8.5 Billion in 2022 and is projected to grow at a CAGR of 12.5% during the forecasted period. The estimated forecasted revenue indicates a growth of around USD 19.39 billion by 2029.
Precision Farming Market
Maximize Market Research Pvt. Ltd., a leading market research company based in Pune, India, is pleased to announce the release of its comprehensive market research report on the Precision Farming Market.
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The competitive landscape of the precision farming market includes dominant players such as Deere & Company, Trimble, AGCO Corporation, and Topcon Positioning Systems. These companies offer a diverse range of precision farming solutions, contributing to the industry's dynamic and competitive environment.
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What are Precision Farming Market Dynamics?
Precision Farming, also known as site-specific crop management, has gained a significant market share, particularly during the era of increasing digitization. It integrates data collection and remote sensing with Global Positioning Systems (GPS) and Geographic Information Systems (GIS), enabling farmers to respond to in-field variability in crop management. Precision farming utilizes technologies such as machine learning and AI to reduce on-farm waste, enhance crop quality, and contribute to sustainable food production.
By collecting and analyzing data throughout the crop production cycle, precision farming offers farmers detailed insights into crop conditions and other essential data, ultimately improving sustainability and minimizing environmental impact. The market is witnessing substantial growth, driven by the adoption of technologies like Remote Sensing, Machinery Telematics, GPS, and Variable Rate Technology.
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What is Precision Farming Market Regional Insight?
North America: Leading the precision farming market with a 45% share, North America benefits from technological prowess and well-developed infrastructure. The region is witnessing a surge in precision farming due to increased usage of technological advancements, especially in the United States and Canada.
Asia Pacific: Projected to be the highest growing market with countries like India, China, and Japan contributing significantly. Increased digitization in Asian economies and government initiatives are nurturing the adoption of precision farming technologies.
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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
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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
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
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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
Contact Maximize Market Research:
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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