Precision Farming Market Size 2021, Industry Share, Growth, Demand, Segmentation and Forecast To 202

Summary

A New Market Study, titled "Precision Farming Market Size Upcoming Trends, Growth Drivers and Challenges" has been featured on Market Research Future.

Market Outline

With the advancements in technology, farming techniques are also becoming smarter. Precision farming is empowered by the growing adoption of the Internet of Things (IoT), having features like remote monitoring, a global positioning system (GPS), and others. These powerful features have helped the farmers increase their production and make plans following current and historical data.

The growing population has gradually increased the demands for foods, which are to be obtained from limited cultivable lands. The precision farming technique helps in collecting real-time data and monitoring upcoming weather conditions, making it a useful tool for the farmers. Factors like unstable supplies of the raw materials and their fluctuating costs have restrained the market’s evolution. The market players are actively funding research & development programs to explore the new sides of this market and eradicating any negatives holding back this market.

This has imposed extra load on the market players but will help them in reaching stronger positions and generating higher revenues. For getting the better outline of the market structure, the report on the global precision farming market covers crucial aspects like oppositions, drivers & restraints, growth opportunities, and others. As far as the study suggests, the global precision farming market size will show a 13 % yearly growth.

Market Division

The global precision farming market is an immense field and is divided as follows:

The global precision farming market is characterized as hardware, software, and services in view of offerings.

In view of technology, the global precision farming market is characterized as remote sensing, telematics, geographic information system (GIS), and others.

The global precision farming market is characterized by irrigation management, weather tracking, and others, in view of applications.

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Regional Classification

Demands for precision farming are at a high rise because of factors like rapidly increasing global populations and rapidly advancing technological environments. The North American, European, Asia Pacific, and The Rest of the world are the major markets evaluated to reveal the worldwide market structure. As per the study and market stances, the global market is impelled by the North American region under the influence of factors like high adoption & demands of revolutionary technologies, presence of supreme market players, high grant values for research & development programs, and others. Whereas, the Asia Pacific region will register the highest growth in this tenure because of factors like rapidly growing demands for next-gen technologies, vast population, demands for better food, rapid urbanization, rise in disposable incomes, growing government initiatives, and other factors.

Industry News

Features like limited cultivable lands and a rise in government initiatives have helped the global market gain swift progression. At this stage, the North American region is leading the market, followed by the European region. During the course of this survey, the Asia Pacific region will register the strongest growth rate and will maintain its swift course. The quickly flourishing areas will show extraordinary possibilities, which has pulled in the market players from around the globe to settle their organizations in these locales.

TABLE OF CONTENTS

1 Market Introduction

1.1 Introduction

1.2 Scope of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Precision Farming Market: by Components

1.3.2 Global Precision Farming Market: by Application

1.3.4 Global Precision Farming Market: by Region

2 Research Methodology

2.1 Research Type

2.2 Primary Researchpt

2.3 Secondary Research

2.4 Forecast Model

2.4.1 Market Data Collection, Analysis & Forecast

2.4.2 Market Size Estimation

2.4.3 Market Crackdown & Data Triangulation

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7 Competitive Analysis

7.1 Market Share Analysis

7.2 Company Profiles

7.2.1 Agco Corporation

7.2.2 Deere & Company

7.2.3 Ag Leader Technology

7.2.4 Ageagle Aerial Systems

7.2.5 Aglytix Inc.

7.2.6 Aggateway

7.2.7 Precision Planting

7.2.8 Agjunction Inc.

7.2.9 Agribotix

7.2.10 Dickey-john Corporation

7.2.11 Others

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