Global Imaging Technology For Precision Agriculture Market Worth US$ 1,165.9 Mn by 2024
In a new report titled “Imaging Technology Market for Precision Agriculture: Global Industry Analysis and Forecast, 2016 - 2024”, Persistence Market Research analyzes the performance of the global imaging technology market for precision agriculture over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024). The global imaging technology market for precision agriculture is anticipated to grow from US$ 567.4 Mn in 2016 to US$ 1,165.9 Mn by 2024, registering a CAGR of 9.0% in terms of revenue during the forecast period (2016-2024). In this report, the global imaging technology market for precision agriculture is tracked in terms of value and is calibrated to obtain market revenue estimates.View Sample Report @ http://www.persistencemarketresearch.com/samples/12016
Market dynamics
Increasing adoption of imaging technologies for precision agricultural applications supported with UAVs is a major factor driving the growth of the global imaging technology market for precision agriculture. Demand for imaging technology for precision agriculture is strongly associated with the growth of UAVs commercial applications market, as sensors are mounted on these UAVs in order to capture the data. Moreover, demand for hyperspectral technologies is expected to increase for precision agriculture applications because of the granularity of the information provided by this technology, which can be used to make better crop management decisions.
Request TOC (desk of content material), Figures and Tables of the report: http://www.persistencemarketresearch.com/market-research/imaging-technology-for-precision-agriculture-market/toc
However, lack of awareness about the technology, ambiguity about the returns, substitute technologies available to farmers such as Global Navigation Satellite System (GNSS), and unclear regulations for UAVs commercial applications across various countries are major challenges expected to be faced by market players operating in the global imaging technology market for precision agriculture during the forecast period.
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