The latest industry analysis on Precision Farming Market provides sales outlook in 20+ countries, across key categories Product, Application, Sales Channel. Insights on Precision Farming Market drivers, trends, and influencing factors are also included in the study.
The detailed research report on the global (Precision Farming) market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
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The Precision Farming study outlines the key regions – North America, Latin America, Europe and East Asia – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Key Takeaways from the Market Study
- Global precision farming market value to reach US$ 6 Bn by 2022-end
- Precision farming guidance systems to account for over 2/5th revenue share
- Precision farming solutions for yield monitoring to experience 3x growth
- During the projected period, North America to accumulate a revenue share of 42%
- Precision farming across Europe to contribute a quarter of the global market revenue
- Over 70% of overall market revenue is accounted for by hardware items such as variability detectors.
- Guidance systems that aid in agricultural vigilance, such as security, maintenance, and preventive care, account for more than 41% of total market revenue.
“Precision farming will become widely used in the future decade. The scarcity of resources, along with unpredictable weather patterns, is driving greater demand for precision farming equipment,” says a Fact.MR Analyst
Competitive Landscape
Leading players are active in awareness campaigns that address the pressing issue of soil degradation and educate farmers on the benefits of precision farming. Industrialized farms use automated machinery to assure a consistent level of output yield. Farmers are investing in farm digitization to improve security.
- In January 2022, John Deere & Co. introduced its line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part and parcel of its endeavor to expand its footprint in the precision agriculture domain
- In April 2021, Trimble Inc. forged a collaborative agreement with HORSCH- one of the leading manufacturers of agricultural technology globally- to establish a future for autonomous machines and workflows in the agricultural industry. The companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active field work.
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Report Benefits & Key Questions Answered
- Precision Farming Company & brand share analysis: Company and brand share analysis on Precision Farming reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Precision Farming Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Precision Farming
- Precision Farming Category & segment level analysis: Fact.MR’s Precision Farming sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Precision Farming Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Precision Farming: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
What insights does the Precision Farming report provide to the readers?
- Precision Farming fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Precision Farming
- Various regulations imposed by the governments on the consumption of Precision Farming in detail.
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Key Segments Covered in Precision Farming Industry Survey
- Application
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking & Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Other Applications
- Technology
- Precision Farming Guidance System
- Remote Sensing Precision Farming
- Variable-Rate Technology Precision Farming
- Offering
- Hardware
- Software
- Services
Contact:
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United States
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