The Remote Sensing Technology for Agriculture Global Market Report 2023, provides comprehensive information on the remote sensing technology for agriculture market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Remote Sensing Technology for Agriculture Market’s Growth:
As per The Business Research Company’s Remote Sensing Technology for Agriculture Global Market Report 2023, the global remote sensing technology for agriculture market size is expected to grow from $1.67 billion in 2022 to $1.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global remote sensing technology for agriculture market size is expected to reach $2.51 billion in 2027 at a CAGR of 8.3%.
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Strategic partnerships are a key trend gaining popularity in the remote sensing technology for the agriculture market. Major companies operating in the remote sensing technology for the agriculture market are undergoing partnerships to develop agricultural practices. For instance, in January 2022, General Mills Inc, a US-based multinational manufacturer firm partnered with Regrow Agriculture Inc, a UK-based remote sensing technology company for agriculture. This partnership aims to monitor agricultural practices and grow their opportunities globally. Furthermore, in November 2020, Netafim, an Israel-based manufacturer of irrigation equipment company partnered with Flurosat, an Australia-based company operating in remote sensing technology for agriculture. With this partnership, their aim is to make reliable irrigation, fertigation, crop management, and other agricultural practices using remote sensing technology.
The remote sensing technology for agriculture market is segmented:
1) By Component: Hardware, Software, Services
2) By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labour Management, Other Applications
North America was the largest region in the remote sensing technology for agriculture market in 2022.
The table of contents in TBRC’s remote sensing technology for agriculture market report includes:
1. Executive Summary
2. Remote Sensing Technology for Agriculture Market Characteristics
3. Remote Sensing Technology for Agriculture Market Trends And Strategies
4. Remote Sensing Technology for Agriculture Market – Macro Economic Scenario
5. Remote Sensing Technology for Agriculture Market Size And Growth
……………………………………………………….
26. Africa Remote Sensing Technology for Agriculture Market
27. Remote Sensing Technology for Agriculture Market Competitive Landscape And Company
Profiles
28. Key Mergers And Acquisitions In The Remote Sensing Technology for Agriculture Market
29. Remote Sensing Technology for Agriculture Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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