Global Precison Agriculture Market Price Trends, Industry Overview, Growth and Forecast till 2023


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Shibuya Data Count

Feb 03, 2021, 07:13 EST


Shibuya-ku, Tokyo, Japan, Japan, Feb 03, 2021, 07:13 /Comserve / -- The major vendors in the market are: AgJunction, Trimble Navigation, AGCO Corp, Deere & Company, Topcon Corp

This market research report on global precision agriculture market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by application (guidance and monitoring systems (GIS, GNSS, and remote sensing), variable rate technology, and telematics), by components (hardware (drones, GPS devices, sensors, and others) and software), and by geography (North America, APAC, Europe, Latin America, and MEA).

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91328

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

The major vendors in the market are:

• AgJunction
• Trimble Navigation
• AGCO Corp
• Deere & Company
• Topcon Corp

Key Vendor Analysis

The increasing focus on yield maximization coupled with better quality of crops and limited and right usage of fertilizers, fungicides and pesticides is driving the competition in the global precision agriculture market. The increasing demand for infrastructure, distribution, and warehousing facilities will create new opportunities for leading vendors in the global market. The top players are offering innovative hardware and software solutions that ensures profitability, efficiency, and sustainability while protecting the environment to gain a larger global market share. Increasing investments by Mitsui, Monsanto, and Syngenta that support startups to develop solutions will boost revenues in the global market. These solutions help improving irrigation, crop spraying, harvesting, and more practices in the global market.

Precision Agriculture Market – Segmentation

This market research report includes a detailed segmentation of the market by application, components, and geography.

Precision Agriculture Market – By Components
Federal incentives will boost the adoption of hardware in the global precision agriculture market during the forecast period

The components segment in the global precision agriculture market is classified into hardware (drones, GPS devices, sensors, and others) and software. Hardware segment dominates a significant market share in 2017, growing at an impressive CAGR of around 13% during the forecast period. The hardware components available in the market include sensors, drones, GPS devices, smart controllers, software consists of farm data analytics, geo-spatial analytics, market updating platforms, crop management software, farm inventory management, personnel management, and weather forecasting and representation. The continuous evolution of smart hardware will propel the development of modern farm equipment integrated with additional provisions in the global market. Sensors are gaining immense popularity in the agricultural industry as these are used for detecting temperature, pressure, IR, proximity, and ultrasonic and touch. The adoption of GPS devices and tracking systems will help auto-steering, closer monitoring of ingredient application to farm, and use of repetitive operations will augment the growth of the global precision agriculture market.

Precision Agriculture Market – By Application
GIS and remote sensing systems to gain immense popularity in the global precision agriculture market during forecast period

The global precision agriculture market by application is segmented into guidance and monitoring systems (GIS, GNSS, and remote sensing), variable rate technology, and telematics. Guidance and monitoring systems occupied a majority market share in 2017, growing at a CAGR of around 16% during the forecast period. The exponential use of GIS and remote sensing technologies by federal agencies and research projects for large-scale analysis in agriculture industries will propel the growth of this segment in the global market. The deployment of GPS in farming architecture to offer comprehensive solutions to farming communities will revolutionize the global market. The growing popularity of GNSS and GIS systems offer easily available, extractable, and moldable data to produce meaningful insights will drive the global precision agriculture market. GPS based tools are used for farm planning, soil sampling, swath and tractor guidance, crop scouting, field mapping, and yield monitoring applications in the agricultural industry.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91328

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

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Component
4.3.2 Market Segmentation by Application
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

Key market insights include

1. The analysis of global precision agriculture market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global precision agriculture market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global precision agriculture market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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.


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Lauren Brown

Shibuya Data Count
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