Agricultural Variable Rate Technology Market Reflect Impressive Growth Rate to During 2022-2031 | Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV

New York, According to a new market research report published by Global Insight Services “Agricultural Variable Rate Technology Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Agricultural Variable Rate Technology (VRT) is the application of inputs at variable rates across a field according to spatial variability. VRT can be used for many different inputs, including seed, fertilizer, and pesticides. The goal of VRT is to optimize input use and improve economic and environmental outcomes.

VRT is made possible by advances in mapping and GPS technology. Maps are used to create prescription maps, which show the desired application rate for each location in a field. GPS guidance systems then allow for precise application of inputs according to the prescription map.

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Key Trends

The key trends in agricultural variable rate technology (VRT) are:

1. Increased adoption of VRT by farmers

2. Improved accuracy of VRT systems

3. Increased use of VRT for irrigation

Key Drivers

The key drivers of the Agricultural Variable Rate Technology market are increasing demand for yield improvement and labor cost reduction. The other drivers include,

1. Improvement in the quality of yield

2. Reduction in the use of pesticides and other chemicals

3. Increase in the efficiency of water use

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Market Segmentation

By Type

  • Crop Protection Chemical
  • Soil Sensing
  • Seeding
  • Others

By Application

  • Map-based VRT
  • Sensor-based VRT
Key Players

The agricultural variable rate technology market includes players such as Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Kubota Corporation, Yara International, SZ DJI Technology Co. Ltd., Valmont Industries Inc., Lindsay Corporation, and others.

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Reasons to buy Agricultural Variable Rate Technology Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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