openPR Logo
Press release

Imaging Technology For Precision Agriculture Market : Advanced Technologies & Growth Opportunities in Global Industry

09-12-2017 07:57 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Imaging Technology For Precision Agriculture Market : Advanced

With a rising global population and increased concerns for food security, it is important to maximize yields in the limited arable land available for growing crops. It is in this context that precision agriculture comes in the picture, where the precise applications of water, nutrients, and fertilizers over a farmland combined with accurate data pertaining to the areas where such resources are required plays a vital role in decisions about crop management. Precision agriculture helps in computing other important parameters such as spread of pests and weeds, soil quality, air quality, etc. and is gaining acceptance among the farmers due to which crop yields are improving substantially. The global imaging technology market for precision agriculture is estimated to grow at 9.0% CAGR during the forecast period 2016-2024, and reach US$ 1,165.9 Mn in revenues by 2024 end.

The introduction of unmanned aerial vehicles (UAV), coupled with added benefits such as low costs as compared with traditional precision farming methods, easy to use devices, and enhanced accuracy of data has resulted in increasing usage of imaging systems for precision farming. A vast number of applications for imaging systems in precision farming such as crop health monitoring, irrigation equipment monitoring, weed and pest identification, variable rate fertility, animal monitoring and environmental impact assessment are expected to fuel demand over the forecast period and boost the growth of the global imaging technology market for precision agriculture.

Browse Our Report @
https://www.persistencemarketresearch.com/market-research/imaging-technology-for-precision-agriculture-market.asp

Additional benefits offered by imaging technology over other precision agricultural technologies and increasing usage of UAVs for commercial applications are some of the factors that are likely to further drive the demand for the global imaging technology market for precision agriculture.

High costs that are incurred on the precision agriculture systems is the main restraining factor for the global imaging technology market for precision agriculture. Besides, there is a lot of expertise and technical knowhow required for the production and maintenance of precision agriculture systems. Majority of countries across the globe have unclear or no regulations for commercial application of UAVs and require special clearances from regulatory authorities, which is time consuming.

Sample For More Professional & Industry Information @
https://www.persistencemarketresearch.com/samples/12016

The global imaging technology market for precision agriculture is segmented into two main segments – namely by technology and by product. The technology segmented is further sub-segmented into multispectral technology and hyperspectral technology. The product segment is further sub-segmented into cameras, sensors, software, and others.

Revenue generated by the global imaging technology market for precision agriculture is estimated to reach US$ 567.4 Mn by 2016, witnessing an increase of 6.2% over 2015. In the technology segment, hyperspectral technology is estimated to increase at the highest growth rate during the forecast period, followed by multispectral technology. Decreasing cost of hyperspectral technology and the information available through this technology being much more detailed than multispectral technology are some of the factors expected to drive demand for this technology. The multispectral technology segment is estimated to hold the largest share among the imaging technologies available for precision agriculture, accounting for US$ 434.1 Mn by 2016, up from US$ 408.4 Mn in 2015.

Among all the products, the cameras segment is estimated to account for maximum market revenue share by 2024, owing to detailed information available with the help of these cameras. Moreover, the demand for sensors is estimated to witness highest growth rate by 2024, followed by cameras and software.

Browse Our Table of Content @
https://www.persistencemarketresearch.com/market-research/imaging-technology-for-precision-agriculture-market/toc

Region wise, the global imaging technology market for precision agriculture is segmented into North America, Latin America, Europe, APAC, and Middle East & Africa. North America is expected to be the largest revenue generator for the global imaging technology market for precision agriculture by 2024. The North America region is expected to account for a revenue share of 54.2% by 2024, owing to the fact that the region is fairly advanced in terms of adoption of imaging technology for precision agriculture. The market in Asia Pacific is estimated to be the second largest market in the global imaging technology market for precision agriculture with market revenues expected to be worth US$ 233.4 Mn by 2024.

Bayspec, Tetracam, Micasense, Ximea, Teledyne Dalsa, and Resonon are some of the leading players operating in the global imaging technology market for precision agriculture. Top market players are focusing on launching imaging technology products specifically suited for precision agricultural applications to consolidate their position in the global imaging technology market for precision agriculture.

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.

Our offerings include pre-built reports that address every major sale, customized solutions to cater to client-specific needs, and consulting services to offer more value addition. Our next-generation research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact

305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1-646-568-7751
Email: sales@persistencemarketresearch.com
Website: https://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 Market : Advanced Technologies & Growth Opportunities in Global Industry here

News-ID: 712355 • Views:

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market

All 5 Releases


More Releases for Precision

Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories. Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment. https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/ Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/ 7th Floor Mulliner Towers, 39 Alfred Rewane Road, Ikoyi Lagos, Nigeria. Direct Expansion Precision Air Conditioner from 6 to
Precision Casting Market In-deep Analysis and Experts Review Report 2020 to 2026 …
The global Precision Casting Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Precision Casting market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2026. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input
Precision Medicine Market
Precision medicine is an approach of treatment that has been derived on the basis of individual variability in environment, genes and lifestyle of each person. This novel approach assists medical practitioners and researchers to understand various treatment needs in order to prevent specific diseases. It allows for highly precise targeting of medication for treatment of various diseases, which is expected to lead to high adoption by medical practitioners and researchers.
Global Precision Farming Market 2017 : Cropmetrics, Agjunction, Trimble, Precisi …
A market study based on the "Precision Farming Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Precision Farming Market 2017’. The research report analyses the historical as well as present performance of the worldwide Precision Farming industry, and makes predictions on the future status of Precision Farming market on the basis of this analysis. Get Free Sample Copy of Report Here : http://bit.ly/2q8CiX3 Top Manufacturers
Precision Glass & Optics Provides Precision Cutting/Scribing on Thin Flat Glass
Precision Glass & Optics (PG&O® - pgo.com), global experts in optical manufacturing, glass fabrication, and precision thin film coatings, offers precision glass cutting and scribing on thin flat substrates up to 24” x 24” (600 mm x 600 mm). Utilizing equipment from TLC International (Phoenix, AZ – www.tlcinternational.com), manufacturers of high-accuracy mechanical glass cutting/scribing equipment, PG&O uses the Gen-3 TLC Phoenix-600® machines to provide highly technical, precision cuts on glass