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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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Precision Farming research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Precision Farming industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
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.
The study report offers a comprehensive analysis of Precision Farming Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.
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.)
Scope of this Report:
• This report segments the global Precision Farming market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the Precision Farming market and provides them with information on key market drivers, restraints, challenges and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.
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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 market insight.
