What is the Forecast Market Value for Global Variable Rate Technology (VRT) Market?
- Variable rate technology (VRT) market size is valued at USD 3.10 billion by 2028 and is expected to expand at a compound annual growth rate of 9.50% over the forecast period of 2021 to 2028. The favorable government initiative is the factor for the variable rate technology (VRT) market in the forecast period of 2021 to 2028.
- Global Global Variable Rate Technology (VRT) Market Definition
- Variable rate technology (VRT) allocates any technology which facilitates makers to vary the rate of yield inputs. It is used to assist variable rate application (VRA) of resources in precision agriculture. VRT technology allows lime, fertilizer, chemicals, gypsum, irrigation water and farm inputs to relate at various rates across a field, without physically changing rate settings on apparatus or having to make numerous passes over an area.
- Let’s Check Global Variable Rate Technology (VRT) Market Scope and Size
Variable rate technology (VRT) market is segmented on the basis of product, crop type, farm size and offering. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the variable rate technology (VRT) market is segmented into soil sensing VRT, fertilizer VRT, seeding VRT, crop protection chemical VRT, yield monitor VRT, irrigation VRT and other.
- Based on crop type, the variable rate technology (VRT) market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables and others. Cereals and grains have further been segmented into corn, wheat and others. Oilseeds and pulses have further been segmented into soybean, cotton and others.
- On the basis of farm size, the variable rate technology (VRT) market is segmented into large farms, small farms and mid-size farms.
- The variable rate technology (VRT) market is also segmented on the basis of offering into hardware, VRT service and VRT software. Hardware is further segmented into GPS/DGPS receivers, handheld computers, sensors, yield monitors and others. VRT service is further segmented into farm operation services, integration and consulting services and others.
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
2022 to 2028
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
- Market Analysis and Insights - Global Global Variable Rate Technology (VRT) Market
- The variable rate technology (VRT) market is likely to gain growth, due to the better efficiency and productivity through improved crop yields and field quality. Also the growing favorable government initiative for the adoption of modern agricultural techniques is expected to drive the market for variable rate technology (VRT) over the forecast period of 2021 to 2028. Moreover factors such as the various government regulations, enhanced efficiency & productivity and with the enhanced crop yields with increase in average age of farmers in developed regions are the key determinants fueling the growth of the target market. However, the high initial capital investment and dearth of technical awareness and understanding regarding advantages of VRT over traditional agricultural practices will curb the growth of the variable rate technology (VRT) market in the above mentioned forecast period, whereas the lack of data management practices for productive utilization of VRT in agriculture have the potential to challenge the growth of growth of the target market. Moreover, the rapid increase in average age of farmers in developed countries is also projected to thrust the use of variable rate technology (VRT) in the forecast period.
- In addition, the incorporation of smartphones with agricultural hardware and software applications will accelerate various growth opportunities that will enhance the growth of the variable rate technology (VRT) market in the forecast period of 2021 to 2028.
- This variable rate technology (VRT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on variable rate technology (VRT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
What are the Main Data Pointers Covered in Global Variable Rate Technology (VRT) Market Report?
The Details analysis include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weakness, product launch, product width and breadth, application dominance.
What are the Major Companies Operating in the Global Variable Rate Technology (VRT) Market?
- Crop Quest, Inc., Ag Leader Technology, Deere & Company, AGCO Corporation, CROPMETRICS, Trimble Inc., Topcon, Raven Industries, Inc., Lindsay Corporation, Yara, AgJunction, The Climate Corporation, DJI, TeeJet Technologies, Sentera, Inc., AquaSpy Home – AquaSpy, KUBOTA Corporation, Valmont Industries, Inc., 360 Yield Center, and Iteris, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Global Variable Rate Technology (VRT) Market Segmentation
- Chapter Three: Global Variable Rate Technology (VRT) Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Global Variable Rate Technology (VRT) Market by Product & Procedure type
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Global Variable Rate Technology (VRT) Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Global Variable Rate Technology (VRT) Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Global Variable Rate Technology (VRT) Market
The exhaustive analysis of various trends of the Global Global Variable Rate Technology (VRT) Market to help identify market developments
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