The global precision farming market was valued at USD 3.1 Bn in 2021. The market is projected to grow USD 11.2 Bn in 2028, at a CAGR of 25.2%. Cannabis growing through precision farming and potential market prospects in Asia Pacific and the Middle East is likely to grow the market share of global precision farming market. Because the top key players in the industry are active in this sort of farming, the building-based vertical farms sector dominates the precision farming market. Building-based vertical farms generate higher revenue per square foot than shipping container-based vertical farms since the former requires less capital and has lower running costs. The rise in popularity of organic food, optimum use of vertical space and balanced energy use, ease of crop monitoring and harvesting, and decline in arable land are all key elements influencing the precision farming market's growth. However, the market's growth is hampered by large initial investments and the use of emerging technology. Nonetheless, the precision farming sector is likely to benefit from rising urban populations and increased acceptance of technology-driven agriculture.
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A strong research methodology employed in the winning Precision Farming Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about Precision Farming market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.
The report provides a comprehensive analysis of company profiles listed below:
AeroFarms
Signify
BrightFarms
Illumitex Inc
Heliospectra AB
Freight Farm
SPREAD Co., Ltd
OSRAM GmbH
Urban Crop Solutions
Cargill, Incorporated
Plenty Unlimited Inc.
Valoya
BOWERY FARMING INC.
Others
GLobal Precision Farming Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
This Precision Farming market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the Precision Farming market.
Objectives of the Study
• To define, describe, segment, and forecast the global Precision Farming Market by technology, size, resolution, application, and region.
• To forecast the size of the Precision Farming market in North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.
• To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
• To analyze market opportunities for stakeholders and provide details of the competitive leadership mapping for key players.
• To profile key players in the market and comprehensively analyze their core competencies and market shares.
• To track and analyze competitive developments such as acquisitions, product launches, collaborations, partnerships, agreements and expansions in the market.
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This research report gives detailed data about the major factors influencing the growth of the Precision Farming market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve Precision Farming market insight.
