The Imaging Technology for Precision Agriculture Market report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
Steady revenue growth of the market can be attributed to increased food production to feed a growing population. Adoption of data analytics, ease of aerial imagery, and deep learning in the agricultural sector to improve crop yield is driving revenue growth of the global imaging technology for precision farming market. Rising need for maximizing crop yield while minimizing labor, input costs, resources, and wastage is resulting in collaboration between farmers and agtech companies for adoption of advanced imaging technologies for precision farming.
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Some Key Highlights in the Report:
- In July 2019, MicaSense, which is a leader in developing drone sensors for precision agriculture, entered into a partnership with FluroSat, which is a software company focusing on agronomic analytics delivery. The collaboration was formed better serve imagery and analytics to stakeholders in the agriculture sector. Usage of multispectral data from MicaSense’s RedEdge and Altum sensors, in combination with Flurosat analytics in field crops, is expected to reduce fertilizer and water management costs and improve crop yield.
- The multispectral technology segment accounted for revenue share of 65.2% in 2020. Increasing usage of multi-spectral imaging to measure crop health is driving deployment of multispectral technology in the agricultural sector.
- Sensors segment revenue is expected to register a CAGR of 9.1% during the forecast period. Availability of advanced and cost-effective sensors can ensure high-resolution spectral imaging technology is more accessible to the agricultural sector, and drive demand for sensors during the forecast period.
The global Imaging Technology for Precision Agriculture market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Imaging Technology for Precision Agriculture market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
Tetracam, Bayspec, MicaSense, XIMEA, Teledyne DALSA, Resonon Inc., Pixelteq, Sentek Technologies, Quest-Innovations BV, and 4D Technologies.
Emergen Research has segmented global imaging technology for precision agriculture market on the basis of technology, product, and region:
Technology Outlook (Revenue, USD Million; 2021–2028)
- Hyperspectral Technology
- Multispectral Technology
Product Outlook (Revenue, USD Million; 2021–2028)
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Imaging Technology for Precision Agriculture Market:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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