The new report titled ‘Global Precision Agriculture Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution.Increasing usage of IoT in the agriculture sector is contributing to the growth of the precision agriculture market.
The report commences with a quick but informative introduction of the market, where the global Keyword Market size is explained in detail before estimating its market scope and size. After this, the report discusses the scope and size estimation of the Keyword Market. This is followed by an overview of the market segmentation by type, application, and region. The drivers, restraints, opportunities, and threats are listed for the Keyword global market, followed by industry news and policies.
This report on the global Precision Agriculture market gives a thorough study that is primarily focused on top players and their business stratagem, geographical extent, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is explicitly prepared to explore crucial fragments of the global Precision Agriculture market.Yield monitoring is the most widely used application in precision agriculture as it plays a vital role in understanding field variability and helps farmers in maximizing their farm yields.
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Drones have emerged as an excellent alternative to the traditional surveying data gathering methods in agricultural operations. By using drones for crop monitoring, farm owners can significantly lower their production costs and reduce required man-hours and work-load.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Precision Agriculture business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Precision Agriculture market growth assessed on both regional and global levels.
Regional Analysis of the Precision Agriculture Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Terrain:
The Precision Agriculture Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, growing at a CAGR of 12.8%. The presence of countries with the largest population, rising demands for food products, and the need to enhance farm output drive the demand for precision agriculture techniques in the region.
Key participants include AG Leader Technology, Deere Company, Trimble, AGCO Corporation, Raven Industries, AgJunction, SST Development Group, Cropmetrics, Dickey-john Corporation, Topcon Positioning Systems, among others.
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For the purpose of this report, Emergen Research has segmented into the global Precision Agriculture Market on the basis of component, technology, application, and region:
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Hardware
- Automation Control Systems
- Displays
- Guidance Steering
- GPS GNSS
- Drones, UAV Cameras
- Others
- Sensing and Monitoring Device
- Yield Monitors
- Soil Sensors
- Water Sensors
- Climate Sensors
- Automation Control Systems
- Hardware
- Software
- Services
- Consulting training
- Maintenance update
- Integration
- Managed Service
- Other Services
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Guidance Technology
- Remote Sensing
- Variable-Rate Technology
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Financial Management
- Others
Key Questions Answered in the Report:
What is the growth rate of the Precision Agriculture market? What is the anticipated market valuation of Precision Agriculture industry by 2027?
What are the key growth driving and restraining factors of the Precision Agriculture market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Precision Agriculture industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Research Methodology
- Data triangulation and market breakdown
- Research assumptions Research data including primary and secondary data
- Primary data includes breakdown of primaries and key industry insights
- Secondary data includes key data from secondary sources
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