The Precision Agriculture Market is anticipated to develop at a significant growth rate over the forecasted timeframe 2022-2028, considering 2021 as base year.
precision agriculture is to ensure sustainability, profitability, and protection of the environment. The agricultural sector has made tremendous changes over the years, especially in optimizing farming practices to yield maximum revenue from the produce. Moreover, advancements in technologies and high adoption from the growers are most likely to drive the market growth. The rising number of applications for telematics in farming is projected to boost the growth of the precision agriculture market. Furthermore, key players or the major agriculture equipment manufacturers are rapidly adopting telematics services for their equipment to enhance farm efficiency, further reducing the cost of agricultural operations as well as maximizing profitability. Improved management can also help reduce the environmental impact thereby fuelling the market growth over the projected period.
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The Major Players in The Global Precision Agriculture Market:
- AgJunction Inc. (Canada)
- Raven Industries Inc. (U.S)
- CNH Industrial N.V. (U.K)
- Deere & Company (U.S)
- Trimble, Inc. (U.S)
- Iteris Inc. (U.S)
- Topcon Corporation (Japan)
- PrecisionHawk (U.S)
- SenseFly (Cheseaux-sur-Lausanne)
- DICKEY-john (Auburn)
- SST Development Group, Inc. (U.S)
- Agribotix LLC (U.S), and other major players.
Market has segmented the Global Precision Agriculture Market on the basis of type, application, and region:
By Technology :
- Remote sensing
- GPS/GNSS systems
- Variable rate technology
- Guidance software
- Geomapping
By Application:
- Crop Management
- Weather Forecasting
- Irrigation Management
- Field Mapping
- Yield Monitoring
- Others
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
Agricultural commodities are major imports and exports across the world, and this further makes their production and distribution a very important aspect, which was also severely affected by the novel coronavirus emergence. The precision agriculture sector was negatively impacted by the pandemic as research & development were hampered to a large extent. The supply of smart agriculture technologies and precision farming was also inhibited and this caused precision farming demand to see a drop- in revenue. However, the leading key players in the market are now focusing on developing strategies to revive the market growth in the post-pandemic market.
Reasons to purchase the report:
- Visualize the composition of the Global Precision Agriculture Market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Precision Agriculture Market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Technology
3.3 By Application
To be continued…….
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