Press release
Imaging Technology for Precision Agriculture on track to US$ 1,165.9 Mn by 2024
In 2015, the multispectral technology segment dominated the global imaging technology market for precision agriculture, followed by the hyperspectral technology segment. The hyperspectral technology segment is anticipated to register the fastest CAGR of 9.6% over the forecast period in the global imaging technology market for precision agriculture in terms of revenue, followed by the multispectral technology segment.
The sensors product segment is expected to register the highest CAGR of 10.9% in terms of value during the forecast period in the global imaging technology market for precision agriculture. In terms of market share, the cameras product segment accounted for a major percentage of the revenue share of the overall global imaging technology market for precision agriculture in 2015. The cameras product segment is expected to dominate the global imaging technology market for precision agriculture throughout the forecast years, followed by the sensors and software product segments.
Region wise, the global imaging technology market for precision agriculture is segmented into North America, Latin America, Europe, APAC, and Middle East & Africa. In 2015, the market in North America dominated the overall global imaging technology market for precision agriculture, followed by the market in the Asia Pacific region. The imaging technology market for precision agriculture in Asia Pacific is projected to register the highest CAGR over the forecast period, followed by the Europe imaging technology market for precision agriculture.
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.
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 Report Sample @ http://www.persistencemarketresearch.com/samples/12016
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.
For More Information 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
Key players reported in this study on the global imaging technology market for precision agriculture include Bayspec, Tetracam, Micasense, Ximea, Teledyne Dalsa, and Resonon. These companies have significantly increased their footprint in the global imaging technology market for precision agriculture over the years.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12016
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Imaging Technology for Precision Agriculture on track to US$ 1,165.9 Mn by 2024 here
News-ID: 402515 • Views: …
More Releases from Persistence Market Research
Europe Calf Milk Replacer Market to Reach US$1,657.2 Mn by 2032 | Driven by Risi …
The Europe calf milk replacer market is poised for significant growth over the coming years. The market size is projected to reach US$1,018.6 million in 2025 and is anticipated to expand to US$1,657.2 million by 2032, registering a robust compound annual growth rate (CAGR) of 7.2% during the forecast period from 2025 to 2032. The growth trajectory is driven by the increasing awareness among dairy farmers regarding the nutritional requirements…
Croscarmellose Sodium Market to Reach $487 Mn by 2032, Driven by Rising Pharma D …
The global croscarmellose sodium market is projected to witness significant expansion over the forecast period, reflecting the growing adoption of pharmaceutical excipients across diverse applications. Valued at approximately US$ 288.7 million in 2025, the market is expected to reach US$ 487.0 million by 2032, registering a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032. This growth trajectory is driven primarily by increasing demand for orally disintegrating tablets…
Europe Egg Replacement Ingredients Market to Reach $1,711.1 Mn by 2032, Driven b …
The Europe egg replacement ingredients market is witnessing significant expansion, driven by the increasing adoption of plant-based diets and rising consumer awareness regarding health and wellness. The market size is projected to reach US$ 952.2 million in 2025 and is expected to surge to US$ 1,711.1 million by 2032, registering a robust CAGR of 8.7% over the forecast period from 2025 to 2032. The growing demand for clean-label products, vegan…
Kraft Paper Market to Reach US$ 25.0 Billion by 2032: Growth Driven by Rising De …
The global Kraft Paper market is undergoing significant expansion, driven by the accelerating shift toward eco-friendly packaging materials and the rising global awareness surrounding sustainability. As industries worldwide transition from plastic-based packaging to biodegradable alternatives, kraft paper has emerged as one of the most sought-after materials due to its strength, recyclability, and versatility.
According to the latest study by Persistence Market Research, the global Kraft Paper market size is projected to…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
