Precision Agriculture Market Global Report 2022

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The global precision agriculture market is expected to generate revenue of $8.3 billion by 2022, growing at a CAGR of 14.9% from 2016 to 2022. Precision agriculture is a farming technique associated with application of different technologies and solutions to enable efficient farming and improve crop yield. It presents significant potential in enhancing food productivity while at the same time providing sustainable management of resources.

In general, the Precision Agriculture Systems and Services industry produces a wide range of products that assist in a specific precision agriculture technique. Many of these products are combined to ease the farming process, with the aim to increase and maintain the yield per area of a field. North America is the leading geographic market followed by Europe in precision farming. US is the largest revenue generating market followed by Germany and Canada. Vast economic development and burgeoning population in Asia Pacific are the key factors responsible for market growth of precision farming in this region.

Demand for yield and profitability, government interventions and energy & cost efficiency are the driving factor for the growth of global precision farming market. Lack of technological knowledge and awareness, shortage in proper storage facilities, low standards in exchange of data between systems, and huge initial investments are the major constraint in the development of precision farming in global market.

Key players in the precision agriculture market are

Deere & Company, Trimble Navigation Limited, AGCO Corporation, and Monsanto Company among others.

Product launch,acquisition, and partnership are observed to be the prominent strategies adopted by the leading market players to strengthen their market position, enhance their product portfolio, and expand their geographical presence. For instance, in 2016, Deere & Company launched mobile real- time kinematics (RTK), a latest innovation in machine guidance and telematics that monitors field and crop requirements effectively.

Key regions:

APAC

Europe

Latin America

MEA

North America

 

Key vendors

Ag Leader

AGCO Corporation

AgJunction

Deere

Trimble

 

Other prominent vendors

CNH Industrial

Derr Equipment

DICKEY-John

Monsanto

MTS Systems

Raven Industries

Site-Specific Technology Development Group

TeeJet Technologies

 

Key market driver:

Growing awareness and acceptance

 

Key market challenge

High initial investment

 

Key market trend:

Shift toward sustainable agriculture

 

Key questions answered in this report:

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?


1. INTRODUCTION TO THE PRECISION FARMING MARKET

2. EXECUTIVE SUMMARY

3. MARKET ANALYSIS OF PRECISION FARMING

4. PRECISION FARMING MARKET ANALYSIS BY TECHNOLOGY

Guidance Systems

GPS (Global Positioning Systems)

GIS (Global Information Systems)

Remote Sensing

Hand-Held

Satellite Based Sensing

Variable Rate Technologies (VRT)

Variable Rate Fertilizer

Variable Rate Pesticide

Variable Rate Seeding

5. PRECISION FARMING MARKET ANALYSIS BY COMPONENTS

Automation & Control Systems

Sensing & Monitoring Devices

Farm Management Systems (FMS)

6. PRECISION FARMING MARKET ANALYSIS BY APPLICATIONS

Yield Monitoring

Variable Rate Application (VRA)

Soil Monitoring

Crop Scouting

Field Mapping

Others

7. PRECISION FARMING MARKET ANALYSIS BY REGION

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

8. COMPETITIVE LANDSCAPE OF PRECISION FARMING COMPANIES

9. COMPANY PROFILES OF PRECISION FARMING INDUSTRY

ACGO Corporation

Ag Leader Technology

Amazone GmbH

Dickey-John Corporation

Teejet Technologies

John Deere & Company

Lindsay Corp.

Micro Trak Systems

Precision Planting Inc.

Raven Industries Inc.

Syngenta AG

Trimble Navigation System

Toro Company

Topcon Precision Agriculture

Yara International


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