Precision Farming Market is expected to witness a stellar CAGR of 13.32 % from 2018 to 2023 | Agribotix LLC, Dickey-John Corporation, Farmers Edge Inc, BouMatic LLC, AgSmarts Inc, GEA Group, AgSense LLC, AGCO, Delaval Corporation

Market Overview:
The report “Precision Farming Market By Technology (High Precision Positioning System, Remote Sensing, Geomapping, Integrated Electronic Communication And Variable Rate Technology (Vrt)), Component (Hardware, Services And Software) And Application (Yield Monitoring, Weather Monitoring, Field Monitoring, Waste Management, Irrigation Management And Financial Management) – Global Forecast to 2023”, issued by Crystal Market Research, the market was worth USD 3.08 billion in 2014 and is expected to reach approximately USD 9.49 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.32% during the forecast period.

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Prominent Players:
Some of the well-established players in the Precision Farming Market are Agribotix LLC, Dickey-John Corporation, Farmers Edge Inc, BouMatic LLC, AgSmarts Inc, GEA Group, AgSense LLC, AGCO, Delaval Corporation, CropX Inc, CropMetrics LLC and John Deere. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Precision Farming Market is Segmented as following –

By Component
Hardware-
Automated Steering System
Drones
UAVs & Camera
Mobile Device
Global Positioning System (GPS)
Global Navigation Satellite System (GNSS)

Software

Services-
Consulting & Training
Maintenance & Updates
Managed Services, Integration

By Technology
High Precision Positioning System
Geomapping
Remote Sensing
Integrated Electronic Communication
Variable Rate Technology (VRT)

By Application
Weather Monitoring
Yield Monitoring
Field Monitoring
Irrigation Management
Waste Management
Financial Management

Industry Outlook and Trend Analysis:
The worldwide food and agriculture environment encounters various difficulties today because of the rapid urbanization and increasing population. The decrease in the aggregate efficiency, reducing and corrupting natural resources, divided and declining land property, stagnating the resources of agriculture, and constrained business opportunities in agriculture as well as other divisions, are the central factors that are affecting the agriculture development and improvement. This enables the farmers and farming OEMs to implement advanced technologies to build the agriculture efficiency. Precision farming technology can possibly boost the harvest yield and diminish the expense of production by changing the custom agriculture techniques with the propelled IT based farming strategy fueled by the abilities of the artificial intelligence and Big Data analysis. It detects differences that are site particular inside the field and change the administration activity, rather than overseeing whole field in view of average normal conditions.

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Hardware is the leading the precision agriculture market:
Owing to increasing adoption of precision farming devices, for example, drones, sensors, cameras, mobile devices and UAVs, the hardware segment has driven the market significantly in the recent years. These devices are embedded on various kinds of farming equipment, for example, harvesters and tractors. As the technology is quickly advancing, further improvements are anticipated to bring about the advent of new devices with better area and information handling abilities. The hardware comprises of automated steering system, sensors, mobile device, UAVs & camera, GPS and GNSS, drone and others.

North America is the pioneer in the region-wise segment:
Inferable from the increased adoption of the propelled communication and information in the farming segment, North America has developed substantially over the recent years. The existence of supportive government policies and well-entrenched infrastructure additionally bolsters the demand. Moreover, developing government endeavors and activities to drive the adoption of innovation in the district additionally cultivate the precision agriculture market development.

Yield monitoring is assessed to represent significant share in the precision farming market:
Inferable from increasing application of precision farming solutions by makers for ideal arranging and management of harvest, the yield monitoring section is anticipated to be the leading segment over the following years. These solutions empower producers to design enter necessities to accomplish ideal yield. Moreover, the demand for data on real time basis amid the harvesting and necessity of recorded spatial database is increasing the interest for the yield monitoring technology.

In 2016, the high precision positioning systems drove the precision farming market:
Due to the essential application of GPS and GNSS frameworks in precision farming solutions, the high precision positioning system propelled the growth of the overall market. These advances fill in as a reason for the working of precision farm systems and devices to decide and process location-based information.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview


5.Precision Farming Market, By Component
5.1.Introduction
5.2.Global Precision Farming Revenue and Market Share by Component (2014-2018)
5.3.Hardware
5.4.Services
5.5.Software
6.Precision Farming Market, By Application
6.1.Introduction
6.2.Global Precision Farming Revenue and Market Share by Application (2014-2018)
6.3.Yield Monitoring
6.4.Weather Monitoring
6.5.Field Monitoring
6.6.Waste Management
6.7.Irrigation Management
6.8.Financial Management
7.Precision Farming Market, By Technology
7.1.Introduction
7.2.Global Precision Farming Revenue and Market Share by Technology (2014-2018)
7.3.Geomapping
7.4.High Precision Positioning System
7.5.Integrated Electronic Communication
7.6.Remote Sensing
7.7.Variable Rate Technology (VRT)
To be continued…

Market Analysis by Regions:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia and Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

What our Precision Farming Market Report offers:

Precision Farming Market share assessments for the regional and country level segments.

Precision Farming Market share analysis of the top industry players.

Strategic recommendations for the new entrants.

Competitive landscaping mapping the key common trends.

Supply chain trends mapping the latest technological advancements.

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