The precision farming market is projected to reach US$ 16.25 billion by 2027 at a CAGR of 12.7%
The precision farming practices are anticipated to witness a surge within the adoption as they allow farmers to accurately manage variations within the field, rise productivity, and reduce production costs. These practices support to collect relevant information by analyzing the real-time data about the conditions of the soil, crops, and native weather predictions and supply actionable insights to farmers with directions about the soil management, crop rotation, harvesting time, and optimal planting time. The precision farming technology is gaining popularity within the agriculture sector because it holds the potential to extend crop yield by using advanced IT-based agriculture methods. Rapid use of the IoT within the agriculture sector is contributing to the expansion of the precision farming market. Farm managers & producers are leveraging the capabilities of the IoT devices, like sensors, GPS & GNSS systems, and automatic steering systems, for soil sampling, temperature monitoring, filed mapping, irrigation management, and a number of other applications. These devices deliver real-time insights on the way to expand farming practices for greater efficiency. The increasing uptake of drone technology for crop monitoring, identifying planting flaws, and pest & disease control & detection also will cause the market development. Growing awareness concerning environmental impact over farming is predicted to drive the market within the coming future. Other factors like development in data management in farming are impacting the worldwide precision farming market positively. the utilization of chic technologies in tracking geo-location to extend the efficiency can also increase the market in future. Additionally, it also safeguards fuel usage in precision farming. Government initiation on the R&D in precision farming technology may propel the market in near future.
The global Precision Farming market is segregated on the basis of Application as Inventory Management, Farm Labor Management, Financial Management, Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, and Others. Based on Technology the global Precision Farming market is segmented in Remote Sensing, Guidance Technology, and Variable-Rate Technology. Based on Offering the global Precision Farming market is segmented in Software, Services, and Hardware.
The global Precision Farming market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Precision Farming market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Hexagon Agriculture, Granular, Prospera Technologies, Agribotix, Autocopter Corp, Deere & Company, Trimble, Agco, Agjunction, Raven Industries, and others are among the major players in the global Precision Farming market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Precision Farming Market has been segmented as below:
Precision Farming Market, By Application
Precision Farming Market, By Technology
Precision Farming Market, By Offering
Precision Farming Market, By Region
Precision Farming Market, By Company
The report covers:
Report Scope:
The global Precision Farming market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Precision Farming market share. Major industry players with significant revenue share include Hexagon Agriculture, Granular, Prospera Technologies, Agribotix, Autocopter Corp, Deere & Company, Trimble, Agco, Agjunction, Raven Industries, and others.
Reasons to Buy this Report:
Customization
Customized report as per the requirement can be offered with appropriate recommendations
Below are our new reports
PU sole (Footwear Polyurethane) Market
Synthetic Paper Market
Impact Modifier Market
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Precision Farming Market, By Application
5.1 Introduction
5.2 Inventory Management
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Farm Labor Management
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Financial Management
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Yield Monitoring
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Field Mapping
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Crop Scouting
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Weather Tracking & Forecasting
5.8.1 Market Overview
5.8.2 Market Size and Forecast
5.9 Irrigation Management
5.9.1 Market Overview
5.9.2 Market Size and Forecast
5.10 Others
5.10.1 Market Overview
5.10.2 Market Size and Forecast
6. Precision Farming Market, By Technology
6.1 Introduction
6.2 Remote Sensing
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Guidance Technology
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Variable-Rate Technology
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Precision Farming Market, By Offering
7.1 Introduction
7.2 Software
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Services
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Hardware
7.4.1 Market Overview
7.4.2 Market Size and Forecast
8. Precision Farming Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Precision Farming, By Application
8.2.2 North America Precision Farming, By Technology
8.2.3 North America Precision Farming, By Offering
8.3 Europe
8.3.1 Europe Precision Farming, By Application
8.3.2 Europe Precision Farming, By Technology
8.3.3 Europe Precision Farming, By Offering
8.4 Asia-Pacific
8.4.1 Asia-Pacific Precision Farming, By Application
8.4.2 Asia-Pacific Precision Farming, By Technology
8.4.3 Asia-Pacific Precision Farming, By Offering
8.5 Rest of the World
8.5.1 Rest of the World Precision Farming, By Application
8.5.2 Rest of the World Precision Farming, By Technology
8.5.3 Rest of the World Precision Farming, By Offering
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 Hexagon Agriculture
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Granular
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Prospera Technologies
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Agribotix
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 Autocopter Corp
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Deere & Company
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Trimble
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Agco
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Agjunction
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Raven Industries
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
The Precision Farming Market has been segmented as below:
Precision Farming Market, By Application
Precision Farming Market, By Technology
Precision Farming Market, By Offering
Precision Farming Market, By Region
Precision Farming Market, By Company
SUBSCRIBE TO OUR NEWSLETTERS
