Precision Farming Market is worth USD 8.5 Billion in 2022 and is estimated to grow at a CAGR of 12.5% in the forecasted period. By 2029, the projected revenue suggests a rise of almost 19.39 billion USD.
Market Overview:
The objective of this comprehensive research is to provide a detailed insight into the Precision Farming market, considering its various segments, industries, and geographical regions. The research encompasses a thorough examination of the primary factors influencing the growth of the Precision Farming industry. Additionally, an in-depth analysis of the market’s value chain is included.
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Market Scope:
Our research methodology for analyzing and forecasting the Precision Farming market involves the initial collection of revenue data from major suppliers through secondary research sources. Furthermore, we consider vendor offers when formulating market segmentation. We used the revenue figures of prominent companies to estimate the overall size of the Precision Farming market, employing a bottom-up approach.
Drivers:
Technology is essential to every development in the field of precision farming. The market has experienced great growth, and experts predict that it will continue to do so as technology is utilized more frequently. The main force behind expansion has been farmers’ consent for firms to test their goods. The deft handling of complex gadgets has caused the industry to heave a huge sigh of relief. Pressure to produce more has been placed on the agriculture industry by both the expanding population and the rising demand.
Its significance to the environment has been another important issue. Precision farming techniques support the growing emphasis on agriculture’s sustainability.
Segmentation:
by Application
Yield Monitoring
Crop Scouting
Variable Rate Application
Field Mapping
Weather Tracking
by Component
Hardware
Software
Services
by Technology
Global Positioning System
Geographic Information System
Remote Sensing
Variable Rate Technology
Telematics
by Deployment
On-premises
Cloud-based
Key Players:
In the Precision Farming market report, we have highlighted the major players, which include:
1. Deere & Company – United States
2. Trimble – United States
3. AGCO Corporation – United States
4. Raven Industries – United States
5. Topcon Positioning Systems – United States
6. AgJunction – United States
7. Ag Leader Technology – United States
8. CNH Industrial – United States
9. SST Software – United States
10. Teejet Technologies – United States
11. Valmont Industries – United States
12. Precision Planting – United States
13. The Climate Corporation – United States
14. Lindsay Corporation – United States
15. Trimble Navigation Limited – United States
16. DICKEY-john Corporation – United States
17. Sentera LLC – United States
18. SST Development Group, Inc. – United States
19. Farmers Edge – Canada
20. Mavrx Inc. – United States
21. Agri Con GmbH – Germany
22. Hexagon Agriculture – Sweden
23. AgroSense – Hungary
24. Yara International – Norway
25. Kubota Corporation – Japan
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Regional Analysis:
Our dedicated research team conducted extensive primary and secondary research for the global Precision Farming market study. We conducted secondary research to enhance available data, segment the market, assess its total size, and forecast its growth rate. Various methodologies have been employed to calculate market value and growth rate. Our team collects market data and insights from diverse regions to provide a well-rounded regional perspective. The country-level analysis in our research is developed by scrutinizing multiple regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators.
Separate market share data is available for the following regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts are encouraged to leverage this information to identify competitive strengths and conduct independent competitor analysis.
COVID-19 Impact Analysis on Precision Farming Market:
Our research on the Precision Farming market also includes a comprehensive assessment of the impact of COVID-19 on the market, considering factors such as imports, suppliers, and market players.
Key Questions Answered in the Precision Farming Market Report:
• Which segment dominated the Precision Farming market in terms of market share?
• How did the competitive landscape of the Precision Farming market evolve in 2020?
• What are the key factors driving the growth of the Precision Farming market?
• Which region held the largest market share in the Precision Farming market in 2020?
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market segmentation: A thorough examination of the market’s segments and sub-segments
Top Key Vendors and Other Notable Vendors in the Competitive Landscape
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