Precision farming is agricultural management technique of variability in crops with respect to inter and intra-field attributes. Variability in crops involve spatial and temporal elements. These elements lead to encompass statistical treatments. This technique is capable of augmenting food productivity with sustainable resources management. Operating at preliminary stage this market has immense scope to meet the rising demand for food for the ever rising population. It uses technology data collection and geo-location tracking methods to optimize the productivity of crops.
Global precision farming market is segmented in this report based on technology as guidance Systems including GPS (Global Positioning Systems) and GIS (Global Information Systems); remote sensing comprising hand-held and satellite based sensing; and variable rate technologies (VRT) that includes variable rate fertilizer, variable rate pesticide and variable rate seeding. Components segment this market by automation & control systems, sensing & monitoring devices and farm management systems (FMS). Based on application the global precision farming market is segmented as yield monitoring, variable rate application (VRA), soil monitoring, crop scouting, field mapping and others.
North America is the leading geographic market followed by Europe in precision farming. US is the largest revenue generating market followed by Germany and Canada. Vast economic development and burgeoning population in Asia Pacific are the key factors responsible for market growth of precision farming in this region.
Demand for yield and profitability, government interventions and energy & cost efficiency are the driving factor for the growth of global precision farming market. Lack of technological knowledge and awareness, shortage in proper storage facilities, low standards in exchange of data between systems, and huge initial investments are the major constraint in the development of precision farming in global market.
Leading players in the global precision farming market are ACGO Corporation, Ag Integrated, AgJunction Inc., AgSync, Ag Leader Technology, AgNav, Arvus, AgSense, Amazone GmbH, Bestway Inc., CropMetrics, Dickey-John Corporation, Teejet Technologies, John Deere & Company, Lindsay Corp., Monsanto, Micro Trak Systems, Precision Planting Inc., Raven Industries Inc., Syngenta, Trimble Navigation System, Toro Company, Topcon Precision Agriculture, Tru Count, Valmont, Yara International, and ZedX Inc.
Decision Databases is involved in providing research reports and company profiles in the global precision farming market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The precision farming market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our precision farming profiles.
SEGMENTATIONS IN REPORT:
Precision Farming By Technology:
1. INTRODUCTION TO THE PRECISION FARMING MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF PRECISION FARMING
4. PRECISION FARMING MARKET ANALYSIS BY TECHNOLOGY
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