Market Overview
Maximize Market Research provides a comprehensive description of Precision Farming to provide a current snapshot of the market to understand its feature in an optimized way. The reports includes profiling of the key tactics of the Precision Farming market to assist in further marketing activities. The projected statistics, significant advancements, and income are all detailed in the research paper. It also provides an in-depth analysis of the primary techniques employed by the leading industry players to help readers build their businesses.
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The Precision Farming Market size was valued at US$ 7.58 Billion in 2021 and the total precision farming revenue is expected to grow at 12.9% through 2022 to 2029, reaching nearly US$ 20.02 Billion.
Market Scope
Global Precision Farming Market research report includes crucial statistics and analytical insights to provide a comprehensive understanding of the market size, market share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, types, and application. The research also includes accessible opportunities in micro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and significant competitors’ product offers.
The qualitative and quantitative data in the Precision Farming market report assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas.
Market Dynamics:
The need for more effective crop health monitoring and rising government support for the adoption of new agricultural practises are both expected to drive market expansion. By 2029, a large market share for cloud-based software is anticipated because it saves money, reduces energy use, and offers enormous amounts of data storage. Farmers can now work more productively and profitably thanks to advancements in GPS mapping and related farming applications. In agriculture, where they are frequently used to monitor irrigation systems, drones are growing in popularity. Because it identifies soil characteristics that might be used to boost yields, yield monitoring is frequently used in soil monitoring.
Segmentation:
By Offering: Hardware, software, and services comprise the further sub-segments of the precision farming market. The market for precision agricultural equipment is anticipated to reach its peak in 2029. Hardware, software, and services make up the three segments that make up the precision farming market. Hardware held the largest market share in 2021 as a result of the widespread use of automation and control devices, including drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors.
The market for precision farming hardware is likely to expand as a result of people using new technologies and better precision farming equipment more frequently. The market for precision farming services is anticipated to grow at the fastest CAGR during the anticipated time frame (2022-2029).
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Key Players:
• Deere & Company
• AGCO Corporation
• Trimble
• Raven Industries
• Topcon Positioning
• AgJunction
• Observant
• Granular Inc
• Agrivi Ltd.
• Monsanto Company
• Dickey-John Corporation
• Ag Leader Technology
• CNH Industrial NV
• SST Development Group.
• Trimble Navigation Limited
• Tetra Laval Holdings B.V.
Regional Analysis
Each regional Precision Farming market sector is thoroughly investigated to determine its current and future growth prospects. This aids players in bolstering their positions. To keep ahead of the competition, use market research to gain a better perspective and understanding of the market and target audience. The Precision Farming report covers the five regions and their country-wise distribution North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Key Questions answered in the Precision Farming Market Report are:
- What is Precision Farming Market?
- What is the forecast period of the Precision Farming Market?
- What is the competitive scenario of the Precision Farming market?
- Which region held the largest market share in the Precision Farming Market?
- What are the opportunities for the Precision Farming Market?
- What factors are affecting the Precision Farming market growth?
- Who are the key players of the Precision Farming market?
- Which company held the largest share in the Precision Farming market?
- What will be the CAGR of the Precision Farming market during the forecast period?
- What key trends are likely to emerge in the Precision Farming market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Precision Farming #
- Landscape- Leading key players and other prominent key players.
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