The global Precision Agriculture Market is expected to reach USD 16.06 Billion by 2027, according to a new report by Emergen Research. Precision Agriculture is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.
The latest study is inclusive of an in-depth analysis of the economic status of the global Precision Agriculture market and examines the most important regions constituting the global market. It further details on the most lucrative and growth-oriented regions, top market rivals, diversified product types, and a large number of end-use industries.
Another factor contributing to the growth of the market is the extensive use of drones and aircraft for precision agriculture operations. 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.
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This particular section of the report covers all the necessary details of the renowned market players operating in the global Precision Agriculture market. The report goes on to elucidate various marketing strategies employed by companies across this industry. Information on the shareholdings of these players in the global market has also been included in this report.
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.
It offers a lucid picture of current trends in the global Precision Agriculture market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
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
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
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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
The Precision Agriculture market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Geographical Terrain of the Global Precision Agriculture Market:
North America (U.S., Canada, and Mexico)
Europe (Germany, France, the U.K, Russia, and Italy)
Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
Latin America (Brazil, Argentina, Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)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.
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.
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