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Imaging Technology for Precision Agriculture Market worth $965.85 million by 2030, growing at a CAGR of 12.51% - Exclusive Report by 360iResearch
Imaging Technology for Precision Agriculture Market | 360iResearch
The Global Imaging Technology for Precision Agriculture Market to grow from USD 423.16 million in 2023 to USD 965.85 million by 2030, at a CAGR of 12.51%.
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Imaging technology for precision agriculture includes the usage of various imaging techniques, such as remote sensing, thermal imaging, LiDAR, machine vision, and hyperspectral imaging, to capture and analyze data related to crops and agricultural fields. Imaging technology for precision agriculture involves the collection, processing, and interpretation of images and data to gain insights into crop health, growth, and environmental conditions. The imaging technology for precision agriculture provides detailed information about plants, soil, and other factors affecting agricultural productivity, enabling farmers to make informed decisions and optimize their farming practices. The increasing need for crop monitoring and management to meet the rising demand for sustainable agricultural products is increasing the demand for imaging technology for precision technology solutions. The high cost of implementation and limited technical knowledge associated with imaging technology for precision agriculture hampers the market growth. Integrating AI and ML algorithms with imaging technology that enhances data analysis and decision-making capabilities is expected to create opportunities for market growth.
The dominating agricultural sector with diverse crops and farming practices in Asia-Pacific creates a strong demand for advanced technologies, including imaging technology, to improve agricultural productivity, efficiency, and sustainability. Moreover, growing government initiatives and regulations to enhance the agriculture industry in the U.S. and Canada have been fueling regional market growth for the last couple of years. Governments in the Americas, Asia-Pacific, and Europe implemented various initiatives to promote the adoption of advanced technologies, including imaging technology, in the agriculture sector. The initiatives often include funding programs, incentives, and policy frameworks encouraging farmers to invest in precision agriculture solutions, subsequently creating a platform for market growth. The European Union (EU) has prioritized the modernization of European farms to help farms produce more food while using fewer resources and reducing their overall environmental impact. The European imaging technology for the precision agriculture market is expected to grow with the introduction of smart technology and improvements in the technology already used on farms.
Market Segmentation & Coverage:
This research report categorizes the Imaging Technology for Precision Agriculture Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Hardware and Software. The Hardware is further studied across Cameras and Sensors. The Hardware is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Hyperspectral Technology and Multispectral Technology. The Multispectral Technology is projected to witness significant market share during forecast period.
Based on Application, market is studied across Crop Scouting, Field Mapping, Inventory Management, Irrigation Management, Weather Tracking & Forecasting, and Yield Monitoring. The Crop Scouting is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Imaging Technology for Precision Agriculture Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Imaging Technology for Precision Agriculture Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Imaging Technology for Precision Agriculture Market, highlighting leading vendors and their innovative profiles. These include AgEagle Aerial Systems Inc., Analytik Ltd., Corning Incorporated, dol-sensors A/S, FIXAR-AERO LLC, Gamamya, HAIP Solutions GmbH, Headwall Photonics, IMEC VZW, Photonfocus AG, Prediktera AB by NEO, Norsk Elektro Optikk AS, Resonon Inc., Sentek Technologies, Specim, Spectral Imaging Ltd. by Konica Minolta, Inc., SpecTIR, Spectral Devices Inc., Surface Optics Corporation, SZ DJI Technology Co., Ltd., Teledyne Technologies Incorporated, and XIMEA Group.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Imaging Technology for Precision Agriculture Market, by Product
7. Imaging Technology for Precision Agriculture Market, by Technology
8. Imaging Technology for Precision Agriculture Market, by Application
9. Americas Imaging Technology for Precision Agriculture Market
10. Asia-Pacific Imaging Technology for Precision Agriculture Market
11. Europe, Middle East & Africa Imaging Technology for Precision Agriculture Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Imaging Technology for Precision Agriculture Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Imaging Technology for Precision Agriculture Market?
3. What is the competitive strategic window for opportunities in the Imaging Technology for Precision Agriculture Market?
4. What are the technology trends and regulatory frameworks in the Imaging Technology for Precision Agriculture Market?
5. What is the market share of the leading vendors in the Imaging Technology for Precision Agriculture Market?
6. What modes and strategic moves are considered suitable for entering the Imaging Technology for Precision Agriculture Market?
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