Press release
Agriculture Variable Rate Technology Market Size, Share, Growth Analysis Report 2024-2031
The global Agriculture Variable Rate Technology (VRT) market is expected to grow at a high CAGR during the forecast period.
Variable Rate Technology optimizes input levels like fertilizers and seeds based on GPS and soil data, enhancing efficiency and yields in precision agriculture. The market is driven by the rapid adoption of advanced technologies and increasing global food demand. High equipment costs remain a challenge for market expansion.
Get free sample - https://www.datamintelligence.com/download-sample/agriculture-variable-rate-technology-market
Market Trends
Adoption of Advanced Agricultural Technologies
The rapid adoption of advanced technologies in agriculture is driving the growth of the VRT market. Automation and innovations like drone-assisted pesticide application are reducing labor costs and increasing productivity. Smart sensors, GPS, GNSS, and guidance technologies are integral to VRT, enabling precise location-based material application. For instance, AGCO Corporation launched PTx, a precision agriculture platform, in April 2024 to enhance global farming efficiency with retrofit and factory-fit solutions.
Increasing Global Food Demand
The rising global population and consequent increase in food demand are significant drivers for VRT market growth. Advanced VRT technologies help meet these demands by optimizing resource use, reducing waste, and improving crop yields.
Market Dynamics
Drivers
The primary driver for the VRT market is the adoption of advanced technologies in the agricultural sector, which reduces labor costs and enhances productivity. Technologies such as drone-assisted pesticide application, smart sensors, GPS, and GNSS are pivotal in optimizing resource use and improving efficiency.
Restraints
High costs associated with VRT equipment pose a challenge to market growth. The adoption of VRT requires significant investment in specialized equipment, which can be prohibitively expensive for small-scale farmers. Additionally, uncertainty regarding the return on investment and the time required to recoup initial costs can deter farmers from adopting VRT technologies.
Know more - https://www.datamintelligence.com/research-report/agriculture-variable-rate-technology-market
Market Segmentation
By Product Type: Fertilizer VRT, Seeding VRT, Chemical VRT
By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables
By Offering: Hardware, Services, Software
By Farm Size: Large Farms, Small Farms, Mid-Size Farms
Geographical Analysis
North America dominates the global Agriculture Variable Rate Technology Market
North America is expected to dominate the global VRT market with a 43.2% market share. The region's large-scale farming operations and advanced agricultural infrastructure support widespread adoption of VRT. According to the USDA, agriculture and related sectors accounted for 10.5% of U.S. employment and 5.4% of GDP in 2021. The use of advanced machinery and precision farming practices has led to significant VRT adoption in North America. The U.S. Government Accountability Office reported in January 2024 that 27% of U.S. farmers had adopted precision agriculture by June 2023.
Competitive Landscape
Key Market Players
The agriculture VRT market is highly competitive, with key players including Deere & Co, CNH Industrial NV, Trimble, Inc., AGCO Corporation, Kubota Corporation, Yara International, AgJunction, Teejet Technologies, AG Leader Technology, and The Climate Corporation. These companies are leveraging strategies such as acquisitions, product launches, and collaborations to enhance their market presence and drive growth in the VRT market.
Related Reports
Agricultural Nanotechnology Market - https://www.datamintelligence.com/research-report/agricultural-nanotechnology-market
Harvesting Technology Market - https://www.datamintelligence.com/research-report/harvesting-technology-market
Internet of Things (IoT) in Agriculture Market - https://www.datamintelligence.com/research-report/internet-of-things-in-agriculture-market
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Agriculture Variable Rate Technology Market Size, Share, Growth Analysis Report 2024-2031 here
News-ID: 3520463 • Views: …
More Releases from DataM Intelligence 4market Research LLP
Frozen Fruits Market Surges Toward US$6.54 Billion by 2030 - Asia-Pacific Leads …
According to DataM Intelligence, the global frozen fruits market size was valued at US$3,957.4 million in 2022 and is forecasted to reach US$6,549.4 million by 2030, growing at a CAGR of 6.5% from 2024 to 2031. This steady growth is propelled by rising health consciousness among consumers, increasing demand for convenient and nutritious food options, expanding food processing and service sectors, growing preference for organic and plant-based products, surging popularity…
United States Feed Testing Market Booms on 6.50% CAGR - North America Dominates …
According to DataM Intelligence, the global feed testing market size was valued at US$3.50 billion in 2024 and is forecasted to reach US$5.70 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031). This steady growth is propelled by stringent regulatory standards for animal feed safety, rising demand for high-quality meat and dairy products, increasing livestock production, growing pet food safety concerns, and expanding focus on…
United States Sugar Decorations & Inclusions Market Surges on 5.80% CAGR - Custo …
According to DataM Intelligence, the global sugar decorations and inclusions market size was valued at US$2.15 billion in 2023 and is forecasted to reach US$3.45 billion by 2030, growing at a CAGR of 5.80% from 2023 to 2030. This steady growth is propelled by rising demand for personalized baked goods, expanding bakery and confectionery sectors, increasing consumer preference for visually appealing desserts, growth in organized retail for convenience foods, and…
Aluminum Extrusion Industry Forecast 2025-2031: Rising Demand in Automotive and …
Global Aluminum Extrusion Market reached US$ 78.7 billion in 2022 and is expected to reach US$ 117.8 billion by 2030, growing with a CAGR of 5.7% during the forecast period 2025-2031.
According to DataM Intelligence has published a new research report on "Aluminium Extrusion Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and…
More Releases for VRT
Vapor Recovery Tower (VRT) Market Outlook and Future Projections for 2030
The vapor recovery tower (vrt) market represents a dynamic and continually evolving landscape, shaped by changing consumer demands and technological advancements. In this comprehensive report, we provide an in-depth exploration of the market, designed for a wide range of stakeholders including manufacturers, suppliers, distributors, and investors. Our goal is to equip industry participants with essential insights that enable informed decision-making in an ever-changing market environment. This analysis not only examines…
Lawsuit filed for Investors in shares of Vertiv Holdings Co (NYSE: VRT)
An investor, who purchased shares of Vertiv Holdings Co (NYSE: VRT), filed a lawsuit over alleged violations of Federal Securities Laws by Vertiv Holdings Co.
Investors who purchased shares of Vertiv Holdings Co (NYSE: VRT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 23, 2022. NYSE: VRT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Columbus, OH based Vertiv…
Investigation announced for Investors in shares of Vertiv Holdings Co (NYSE: VRT …
An investigation was announced over potential securities laws violations by Vertiv Holdings Co and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Vertiv Holdings Co (NYSE: VRT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Vertiv Holdings Co regarding its…
Variable Rate Technology (VRT) Market 2021: Global Industry Analysis Report to 2 …
Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
Variable Rate Technology (VRT) market size is projected to reach US$ 1485.8 million by 2026, from US$ 1402.8 million in 2020, at a CAGR of 5 during 2021-2027.
(Get 15%…
VRT Technology Market Size, Demand and 2027 Future Insights
VRT Technology Market - Global Analysis to 2027 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services.
MARKET INTRODUCTION
Variable Rate Technology or VRT allocates any technology which facilitates producers to vary the rate of yield inputs. It is utilized to accelerate Variable Rate Application (VRA) of resources in precision agriculture. VRA…
Variable Rate Technology (VRT) Market Industry Analysis, Growth, Trends and Fore …
Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
The global Variable Rate Technology (VRT) market size is projected to reach US$ 1485.8 million by 2026, from US$ 1402.8 million in 2020, at a CAGR of 5 during…
