The report on the Global Precision Farming Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
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
- ZedX Inc.
SEGMENTATIONS IN REPORT:
Precision Farming By Technology:
- Guidance Systems
- GPS (Global Positioning Systems)
- GIS (Global Information Systems)
- Remote Sensing
- Hand-Held
- Satellite Based Sensing
- Variable Rate Technologies (VRT)
- Variable Rate Fertilizer
- Variable Rate Pesticide
- Variable Rate Seeding
Precision Farming By Components:
- Automation & Control Systems
- Sensing & Monitoring Devices
- Farm Management Systems (FMS)
Precision Farming By Applications:
- Yield Monitoring
- Variable Rate Application (VRA)
- Soil Monitoring
- Crop Scouting
- Field Mapping
- Others
Precision Farming By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Precision Farming Market has been exhibited in detail in the following chapters -
Chapter 1 Precision Farming Market Preface
Chapter 2 Executive Summary
Chapter 3 Precision Farming Industry Analysis
Chapter 4 Precision Farming Market Value Chain Analysis
Chapter 5 Precision Farming Market Analysis By Technology
Chapter 6 Precision Farming Market Analysis By Components
Chapter 7 Precision Farming Market Analysis By Applications
Chapter 8 Precision Farming Market Analysis By Geography
Chapter 9 Competitive Landscape Of Precision Farming Companies
Chapter 10 Company Profiles Of Precision Farming Industry