Precision Farming Market Size, Share, Analysis Report

Precision Farming Market Size By Technology (Guidance System (Global Positioning System, Global Satellite Navigation System (GNSS), Global Information System (GIS) Remote Sensing Variable-rate Technology (Variable Rate Fertilizer, Variable Rate Seeding, Variable Rate Pesticide))) By Component(Maintenance Component, Managed Component, Engineering Component, Installation and Design Component, Other Component), By Application(Yield Monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting, Other Applications) By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The Precision Farming Market is expected to grow from US$ 71.76 billion in 2020 to US$ 121 billion by 2027 at a CAGR of 7.53% from 2022 to 2027.

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MARKET SNAPSHOT

Major Players

  • Johnson Controls
  • United Technologies
  • Honeywell
  • Siemens
  • Halma
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    7

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The Precision Farming Market is expected to grow from USD 71.76 billion in 2020 to US$ 121 billion by 2027 at a CAGR of 7.53% from 2022 to 2027.

    Precision Farmings has helped in replying quickly and accurately to fire, as compared to the traditional heat or smoke devices used in the past. Moreover, fire sensors and detectors when installed in commercial buildings help as ideal and affordable safety measure. Precision Farming is a certified product, developed according to the standards specified by the government authorities and regulatory bodies to control fire outbreaks. This system is ready with flame detectors and smoke control devices that aid during fire emergency. sprinkler systems and Alarm valves are some of the widely used Precision Farmings. These systems have been invented to detect and respond to flame or smoke and fire. The Precision Farmings are one of the important systems required to be installed in any building. The systems are used for safeguarding, detecting, controlling the consumers from potential fire destruction. These systems help to extinguish smoke or fire and alert the occupants of a building, thereby dropping the loss of properties and the risk of casualties.

    The global Precision Farming market is segregated on the basis of Technology as Guidance System, Remote Sensing Variable-rate Technology and Drones and UAVs Other Technologies. Based on Component the global Precision Farming market is segmented in Hardware, Software and Services. Based on Application the global Precision Farming market is segmented in Yield Monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting and Other Applications.

    The global Precision Farming market report provides geographic analysis covering regions, such as Europe, North America, 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 Analysis

    Johnson Controls, United Technologies, Honeywell, Siemens, Halma, Robert Bosch, Hochiki, Gentex, Minimax Viking, Securiton, Encore Fire Protection, Fire Suppression, Schrack Seconet, Napco Security Technologies, VFP Fire Systems, S&S Fire Suppression Systems, Fireline, ORR Protection, Argus Fire Protection Company, Firetrol Protection Systems and others are among the major players in the global Precision Farming market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

    The global Precision Farming market has been segmented as below:

    Precision Farming Market, By Technology

    • Guidance System
    • Global Positioning System
    • Global Satellite Navigation System (GNSS)
    • Global Information System (GIS)
    • Remote Sensing Variable-rate Technology
    • Variable Rate Fertilizer
    • Variable Rate Seeding
    • Variable Rate Pesticide

    Drones and UAVs Other Technologies

    The Precision Farming Market has been segmented as below:

    Precision Farming Market, By Component

    • Maintenance Component
    • Managed Component
    • Engineering Component
    • Installation and Design Component
    • Other Component

    Precision Farming Market, By Application

    • Yield Monitoring
    • Variable Rate Application
    • Field Mapping
    • Soil Monitoring
    • Crop Scouting
    • Other Applications

    Precision Farming Market, By Region

    • Europe
    • North America
    • Asia Pacific
    • Rest of The World

    Precision Farming Market, By Company

    • Johnson Controls
    • United Technologies
    • Honeywell
    • Siemens
    • Halma
    • Robert Bosch
    • Hochiki
    • Gentex
    • Minimax Viking
    • Securiton
    • Encore Fire Protection
    • Fire Suppression
    • Schrack Seconet
    • Napco Security Technologies
    • VFP Fire Systems
    • S&S Fire Suppression Systems
    • Fireline
    • ORR Protection
    • Argus Fire Protection Company
    • Firetrol Protection Systems

    The report covers the below scope:

    • Global Precision Farming market sizes from 2020 to 2027, along with CAGR for 2020-2027
    • Market size comparison for 2019 vs 2025, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2027
    • Global Precision Farming market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Precision Farming market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    The years considered for the study are as follows:

    • Base year – 2021
    • Estimated year – 2020
    • Projected year – 2021
    • Forecast period – 2022 to 2027

    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 Johnson Controls, United Technologies, Honeywell, Siemens, Halma, Robert Bosch, Hochiki, Gentex, Minimax Viking, Securiton, Encore Fire Protection, Fire Suppression, Schrack Seconet, Napco Security Technologies, VFP Fire Systems, S&S Fire Suppression Systems, Fireline, ORR Protection, Argus Fire Protection Company, Firetrol Protection Systems and others.

    Why to Buy this Report:

    • Gain detailed insights on the Precision Farming industry trends
    • Find complete analysis on the market status
    • Identify the Precision Farming market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Target Audience:

    The report targeted towards the existing players in the industry is as follows:

    • Market Manufacturers/Service Providers
    • Market Wholesale/Traders
    • Investment and Financial Institutions

    PS: Free and Paid Customization based on the requiremen

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    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 Technology
        5.1 Introduction
        5.2 Fire Suppression 
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Fire Response
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Fire Sprinkler System
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast
        5.5 Fire Analysis
            5.5.1 Market Overview
            5.5.2 Market Size and Forecast
        5.6 Fire Detection
            5.6.1 Market Overview
            5.6.2 Market Size and Forecast
    6. Precision Farming Market, By Component
        6.1 Introduction
        6.2 Maintenance Services
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Managed Services
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 Engineering Services
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast
        6.5 Installation and Design Services
            6.5.1 Market Overview
            6.5.2 Market Size and Forecast
        6.6 Other Services
            6.6.1 Market Overview
            6.6.2 Market Size and Forecast
    7. Precision Farming Market, By Application
        7.1 Introduction
        7.2 Commercial
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Oil, Gas, and Mining
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Manufacturing
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast
        7.5 Transportation & Logistics
            7.5.1 Market Overview
            7.5.2 Market Size and Forecast
        7.6 Energy & Power
            7.6.1 Market Overview
            7.6.2 Market Size and Forecast
        7.7 Residential
            7.7.1 Market Overview
            7.7.2 Market Size and Forecast
        7.8 Government
            7.8.1 Market Overview
            7.8.2 Market Size and Forecast
        7.9 Others
            7.9.1 Market Overview
            7.9.2 Market Size and Forecast
    8. Precision Farming Market, By Geography
        8.1 Introduction
        8.2 Europe
            8.2.1 Europe Precision Farming, By Technology
            8.2.3 Europe Precision Farming, By Component
            8.2.4 Europe Precision Farming, By Technology
        8.3 North America
            8.3.1 North America Precision Farming, By Technology
            8.3.3 North America Precision Farming, By Component
            8.3.4 North America Precision Farming, By Application
        8.4 Asia Pacific
            8.4.1 Asia Pacific Precision Farming, By Technology
            8.4.3 Asia Pacific Precision Farming, By Component
            8.4.4 Asia Pacific Precision Farming, By Application
        8.5 Rest of The World
            8.5.1 Rest of The World Precision Farming, By Technology
            8.5.3 Rest of The World Precision Farming, By Component
            8.5.4 Rest of The World Precision Farming, By Application
    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 Johnson Controls
            10.1.1 Company Overview
            10.1.2 Product/Service Landscape
            10.1.3 Financial Overview
            10.1.4 Recent Developments
        10.2 United Technologies
            10.2.1 Company Overview
            10.2.2 Product/Service Landscape
            10.2.3 Financial Overview
            10.2.4 Recent Developments
        10.3 Honeywell
            10.3.1 Company Overview
            10.3.2 Product/Service Landscape
            10.3.3 Financial Overview
            10.3.4 Recent Developments
        10.4 Siemens
            10.4.1 Company Overview
            10.4.2 Product/Service Landscape
            10.4.3 Financial Overview
            10.4.4 Recent Developments
        10.5 Halma
            10.5.1 Company Overview
            10.5.2 Product/Service Landscape
            10.5.3 Financial Overview
            10.5.4 Recent Developments
        10.6 Robert Bosch
            10.6.1 Company Overview
            10.6.2 Product/Service Landscape
            10.6.3 Financial Overview
            10.6.4 Recent Developments
        10.7 Hochiki
            10.7.1 Company Overview
            10.7.2 Product/Service Landscape
            10.7.3 Financial Overview
            10.7.4 Recent Developments
        10.8 Gentex
            10.8.1 Company Overview
            10.8.2 Product/Service Landscape
            10.8.3 Financial Overview
            10.8.4 Recent Developments
        10.9 Minimax Viking
            10.9.1 Company Overview
            10.9.2 Product/Service Landscape
            10.9.3 Financial Overview
            10.9.4 Recent Developments
        10.10 Securiton
            10.10.1 Company Overview
            10.10.2 Product/Service Landscape
            10.10.3 Financial Overview
            10.10.4 Recent Developments
                10.11 Encore Fire Protection
            10.11.1 Company Overview
            10.11.2 Product/Service Landscape
            10.11.3 Financial Overview
            10.11.4 Recent Developments
        10.12 Fire Suppression
            10.12.1 Company Overview
            10.12.2 Product/Service Landscape
            10.12.3 Financial Overview
            10.12.4 Recent Developments
        10.13 Schrack Seconet
            10.13.1 Company Overview
            10.13.2 Product/Service Landscape
            10.13.3 Financial Overview
            10.13.4 Recent Developments
        10.14 Napco Security Technologies
            10.14.1 Company Overview
            10.14.2 Product/Service Landscape
            10.14.3 Financial Overview
            10.14.4 Recent Developments
        10.15 VFP Fire Systems
            10.15.1 Company Overview
            10.15.2 Product/Service Landscape
            10.15.3 Financial Overview
            10.15.4 Recent Developments
        10.16 Argus Fire Protection Company
            10.16.1 Company Overview
            10.16.2 Product/Service Landscape
            10.16.3 Financial Overview
            10.16.4 Recent Developments
        10.17 ORR Protection
            10.17.1 Company Overview
            10.17.2 Product/Service Landscape
            10.17.3 Financial Overview
            10.17.4 Recent Developments
        10.18 Fireline
            10.18.1 Company Overview
            10.18.2 Product/Service Landscape
            10.18.3 Financial Overview
            10.18.4 Recent Developments
        10.19 S&S Fire Suppression Systems
            10.19.1 Company Overview
            10.19.2 Product/Service Landscape
            10.19.3 Financial Overview
            10.19.4 Recent Developments
     

    The global Precision Farming market has been segmented as below:

    Precision Farming Market, By Technology

    • Guidance System
    • Global Positioning System
    • Global Satellite Navigation System (GNSS)
    • Global Information System (GIS)
    • Remote Sensing Variable-rate Technology
    • Variable Rate Fertilizer
    • Variable Rate Seeding
    • Variable Rate Pesticide

    Drones and UAVs Other Technologies

    The Precision Farming Market has been segmented as below:

    Precision Farming Market, By Component

    • Maintenance Component
    • Managed Component
    • Engineering Component
    • Installation and Design Component
    • Other Component

    Precision Farming Market, By Application

    • Yield Monitoring
    • Variable Rate Application
    • Field Mapping
    • Soil Monitoring
    • Crop Scouting
    • Other Applications

    Precision Farming Market, By Region

    • Europe
    • North America
    • Asia Pacific
    • Rest of The World

    Precision Farming Market, By Company

    • Johnson Controls
    • United Technologies
    • Honeywell
    • Siemens
    • Halma
    • Robert Bosch
    • Hochiki
    • Gentex
    • Minimax Viking
    • Securiton
    • Encore Fire Protection
    • Fire Suppression
    • Schrack Seconet
    • Napco Security Technologies
    • VFP Fire Systems
    • S&S Fire Suppression Systems
    • Fireline
    • ORR Protection
    • Argus Fire Protection Company
    • Firetrol Protection Systems

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    The market is expected to grow at a CAGR of 7.53% during the study period (2022-2027)
    The Precision Farming Market is expected to grow from USD 71.76 billion in 2020 to US$ 121 billion by 2027
    The segment included in Precision Farming Market is Technology, Component, Application, Company and region.
    Some key players operating in the Precision Farming Market include Johnson Controls, United Technologies, Honeywell, Siemens, Halma, Robert Bosch, Hochiki, Gentex, Minimax Viking, Securiton, Encore Fire Protection, Fire Suppression, Schrack Seconet, Napco Security Technologies
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