The global precision agriculture market is expected to grow at a CAGR of 16% during 2016-2022.
Precision agriculture involves the smart usage of technology to enable better decision making and optimized use of resources on farming. It can stand to be a key to achieve higher yields and to effectively tackle the rising food demand.
Global Precision Agriculture Market - Strategic Assessment and Forecast 2017-2022 market research report considers the present scenario and growth aspect of worldwide precision agriculture market for the period 2017−2022. It includes the market growth drivers, trends, and restraints and provides an in-depth analysis of the market size of the major regions and key countries. It also analyzes leading five vendors and ten other prominent vendors in the market.
Scope of the Report:
This market research report categories the global precision agriculture market based on component, application type and geography. The report provides the market size in terms of revenue
Guidance and Monitoring System
Variable Rate Technology
- Latin America
- North America
- South Korea
Precision Agriculture – Market Size and Dynamics
Analysts at Beige Market Intelligence expects the worldwide precision agriculture market to grow at a CAGR of 16% during the forecast period. The market is going to witness a drastic growth due to the huge adoption of precision agriculture. The evolution of GIS and GNSS ecosystem, falling prices of sensors and the mobile revolution has enabled the adoption of navigation systems and its expanded application in the domain of agriculture. Some of the major factors that are driving the adoption of precision agriculture are Urbanisation, climatic factors, demand and price agility and sustainability.
Guidance and monitoring systems, variable rate technologies and telematics are some of the major applications discussed in market research report. Guidance and monitoring systems are expected to contribute the largest chunk of revenue to the overall market till the year 2022, followed by telematics. Much of the growth in guidance and monitoring systems will be driven by GNSS and GIS systems. Similarly the revenue generated by the software component segment will be the highest in 2022.
Precision Agriculture Market – Trends, Drivers, and Challenges
The market research report outlines the emerging trends, major driving factors and upcoming challenges of global precision agriculture market. Proliferation of mobile connectivity and smartphones, volatile prices of commodities and input raw materials, increased food demand due to population growth are among the major driving factors of the market described in the report.
One of the emerging trend included and analysed in the report is regulatory frameworks to impart better clarity on UAV usage. Drones constitute a vital device of the precision agriculture ecosystem. The regulatory landscape associated with the usage of drones is undergoing an evolution with policy makers wither upgrading the regulatory frameworks or establishing new ones.
The adoption of smartphones in farming community is viewed as a precursor to precision agriculture for that it enables better exchange of information with various stakeholders. Hence, proliferation of mobile connectivity and smartphones is described as one of the major factors driving the growth of the market. The report contains the details of the upcoming challenges for the market. It also provides the Porter’s five forces analysis along with a description of each of the forces and its impact on the market.
Precision Agriculture Market – Geographical Analysis
The report includes the market analysis of different regions such as North America, APAC, EMEA and Latin America. It outlines the major market share holder, and provides the market size and forecast of all the regions and key countries.
Precision agriculture fits the requirement of adopting improved technologies in the major countries of APAC region to enhance their yields. Countries such as India, China, Japan, Indonesia and Bangladesh represents a huge market for precision agriculture. EMEA represents a diverse yet large agricultural markets that are characterized with their own set of nuances. While Europe represents an ideal ready-to-be tapped opportunity for the players, the same is not the case for Middle East and Africa. North America represents the largest market for precision agriculture.
Precision Agriculture Market – Market Share and Key Vendors
This market research report profiles the major companies in the market and also provides the competitive landscape of key players. Within the report covers the entire market outlook regarding the value chain operating within the market. The major players in the market include
- AGCO Corporation
- Deere and Company
- Trimble Navigation
- Topcon Corporation
Other Top Vendors of precision agriculture market include Ag Leader Technology, DICKEY – john Corporation, Precision Planting Company , Lindsay, Raven Industries, Novaraint Inc, SST Software, TeeJet Technologies, Valmont Industries, Yara International.
Why Should you buy this report?
The report gives reasonable answers for the following questions related to the market
- How has the market been performing and what are some of the current changes which are expected to change the landscape of electronic precision agriculture in the coming years?
- What are the various factors that can affect the market and in what way over the next few years?
- What are the emerging trends and challenges for the market over the next five years?
- What is the market size and market forecast for each market segment?
- What is the market size and market forecast for each user type?
- Which regions are going to have the largest market share and what are the factors propelling the market growth in that region?
- Which are the key countries and the market size and market forecast in the key countries?
- Which companies are the key vendors in the market?
- What are the strategies used by the top vendors, and what are the opportunities to grow?
- Which companies are the emerging vendors?