Precision agriculture is an intelligent farming practice for agriculture management that uses information technology to ensure that soil and plants get everything they require for optimum health and productivity. The main objective of precision agriculture is to ensure sustainability, profitability, and protection of the environment. The agricultural sector has made tremendous changes over the years, especially in optimizing farming practices to yield maximum revenue from the produce. Moreover, advancements in technologies and high adoption from the growers are most likely to drive the market growth. The rising number of applications for telematics in farming is projected to boost the growth of the precision agriculture market. Furthermore, key players or the major agriculture equipment manufacturers are rapidly adopting telematics services for their equipment to enhance farm efficiency, further reducing the cost of agricultural operations as well as maximizing profitability. Improved management can also help reduce the environmental impact thereby fuelling the market growth over the projected period.
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The global Precision Agriculture market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Precision Agriculture market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Precision Agriculture Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Precision Agriculture market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
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Key Industry Players in Precision Agriculture Market:
· Raven Industries Inc. (U.S)
· CNH Industrial N.V. (U.K)
· Deere Company (U.S)
· Trimble, Inc. (U.S)
· Iteris Inc. (U.S)
· Topcon Corporation (Japan)
· PrecisionHawk (U.S)
· SenseFly (Cheseaux-sur-Lausanne)
· DICKEY-john (Auburn)
· SST Development Group, Inc. (U.S)
· Agribotix LLC (U.S), and other major players.
The farming sector is rapidly facing technological advancements with the growing need of efficient production to supply to the increasing demand of food consumption. Increasing adoption of advanced technologies for reducing the production cost and increasing the food efficiency is further anticipated to drive the market growth. Degrading natural resources, declining in the total productivity, declining land holdings, and limited employment opportunities in farming are majorly impacting the market growth and development.
Segmentation Analysis Includes,
By Component:
· Hardware
· Software
· Services
By Technology:
· Remote sensing
· GPS/GNSS systems
· Variable rate technology
· Guidance software
· Geomapping
By Application:
· Crop Management
· Weather Forecasting
· Irrigation Management
· Field Mapping
· Yield Monitoring
· Others
By Region:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Component
3.2 By Technology
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Precision Agriculture Market by Component
Continue…
The Global Precision Agriculture Market study contains information on the global industry, as well as user data and numbers. The Global Market is examined in depth in this research report, including raw material suppliers, industry chain structures, and manufacturing. The Precision Agriculture Sales market investigates the market's most important segments. This insightful analysis includes historical data as well as a predicted timeframe. This report examines the whole value chain, as well as downstream and upstream fundamentals.
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This Market study examines the Precision Agriculture Industry's technical data, production plants, and raw material suppliers, as well as which product has the largest penetration, profit margins, and RD status. The report's forecasts are based on an examination of the market's subdivisions, which include the global market size by product, end-user application, and several regions. The research contains information on market intelligence, changing market dynamics, present and anticipated market trends, and so on.
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