Global Precision Agriculture Market Size, Share, Industry, Analysis, Price, Trends, Growth and Report 2020-2025

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Shibuya Data Count

Apr 08, 2021, 03:53 EST

Shibuya-ku, Tokyo, Japan, Japan, Apr 08, 2021, 03:53 /Comserve / -- Agco Corporation, AgJunction Inc., Trimble Inc., Deere and Company, Monsanto Company, AgEagle Aerial Systems, Inc, Syngenta AG, Yara International ASA, Deveron UAS Corp, Deveron UAS Corp

Market Overview:

Global Precision Agriculture market was valued at US$ 4,355.9 million in 2018 and is expected to display reasonable CAGR of 16.8% over the forecast period (2019-2025). Precision agriculture is primarily defined as IT based farm management system that helps in identifying, managing and analysing the variations within the agricultural fields to achieve optimum profitability, sustainability and protection of land resource. Precision agriculture technique focuses on the increased efficiencies that can be realized by implementing various technologies and understanding and dealing with the natural variability found within the agricultural field.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Competitive Landscape-Top 10 Market Players

Some of the major players operating in the Precision agriculture market include AGCO Corporation, AgJunction LLC, Monsanto Company, Deere and Company, AgEagle Aerial Systems., Deveron UAS, Trimble Inc, Syngenta AG, Yara International, American Robotics. With an objective to enhance their product portfolio, these players have adopted various strategies to increase adoption of precision agriculture technique in their farms to cater to customer’s requirement in terms of consistent and surging demand for food across the globe.

“Hardware component is expected to dominate precision agriculture during the analyzed period.”

Global precision agriculture market is segmented based on component into hardware, software and service. The hardware component segment occupies the largest share and is expected to maintain its dominance throughout the forecast period 2019-2025. It is majorly used for guidance and steering systems, drones with software systems, water monitoring and soil monitoring.

“Amongst precision agriculture applications, yield monitoring tends to conquer the market during the forecast period.”

The study further bifurcates the precision agriculture into different applications including, variable rate application, field mapping, yield monitoring, crop scouting, soil monitoring, farm labor management systems and weather tracking and forecasting. Yield Monitoring holds the largest share in global precision agriculture market. Yield monitor is a mature technology, which allows the farmers to quantify and analyze the yield variations caused by soil properties, fertility management, weather conditions and other crop management factors.

Global Precision Agriculture Market by Applications, 2019-2025 (US$ Million)

“North America represents itself as one of the largest regions in terms of revenue sales for precision agriculture.”

For a deep dive analysis of the overall adoption of precision agriculture technology, detailed study is conducted for major regions/countries globally. Major regions/countries studied in the report include North America (US and Canada), Europe (France, Germany, Italy, Spain and UK), Asia Pacific (India, China, Japan and Australia) and the rest of the world. In 2018, North America constitute as the leading region in precision agriculture mainly accredited to widespread adoption of advanced information and communication in the agriculture sector. Furthermore, supportive government policies and well-developed infrastructure also act as catalyzing factors driving the market potential.

Reasons to buy (The research report presents):
• Current and future market size from 2018 to 2025 in terms of value (US$)
• Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leader of the industry
• Country level details of the overall adoption of precision agriculture technology
• Used case studies of the technology
• A quick review of overall industry performance at a glance
• An In-depth analysis of key industry players
• Country wise detail of government and private sector initiative to encourage the adoption of precision agriculture to increase productivity
• A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub-segments of the technology
• Region/country Covered: North America (US, Canada), Europe (UK, Germany, France, Italy, Spain), Asia-Pacific (China, India, Japan, Australia) and Rest of World

Customization Options:

UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The global precision agriculture market can be customized to regional/country level or any other market segment.

Request to Fill The Form To get Sample Copy of This Report:

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Table of Content

1.1 Market Definition 17
1.2 Objective of the Study 17
1.3 Limitation 17
1.4 Stakeholders 18
1.5 Currency used in the Report 18
1.6 Scope of the Global Precision Agriculture Market Study 18
2.1 Research Methodology for Global Precision Agriculture Market Study 19
2.1.1 Main objective of the Precision Agriculture Market Study 20
5.1 Introduction 25
5.1.1 Potential Benefits and Value Addition: 26
5.1.2 Investments undertaken in recent years in Precision Agriculture: 27
5.2 Market Dynamics 28
5.2.1 Market Trend & Drivers 28 Accelerating benefits of Agricultural Drones in Precision Agriculture 28 Rising Demand for Food owing to Surging Population 30 Key facts about nutrition, farming, and crop varieties around the world 30 Agriculture Getting Stronger with Big Data 32
5.2.2 Market Challenges 33 Absence of Sufficient Government Initiatives 33 Lack of Internet Connectivity in Rural Areas 35
5.2.3 Market Opportunities 36 Growing application of Telematics in Agriculture 36 Growing Scope of Precision Agriculture in Developing Countries 37

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Tel: + 81 3 45720790

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