In 2022, the precision farming market is projected to reach a value of US$ 6 billion, and it is projected to grow at a 13% CAGR from 2022 to 2032. The Precision Farming Market is anticipated to reach US$20.36 billion in 2032.
According to Fact.MR, a supplier of market research and competitive information, the demand for precision agricultural solutions increased from 2017 to 2021 at a CAGR of almost 12%. Agriculturists have recently invested in precision farming solutions as a result of rising labour costs, a lack of skilled workers, and rising demand for agricultural products.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far-reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for the Demand of the Precision Farming Market both at worldwide and provincial levels.
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Market Players: –
- John Deere & Company
- Trimble
- AGCO
- Adjunction
- Raven Industries
- AG Leader Technology
- SST Development Group
- Teejet Technologies
- Topcon Positioning Systems
- Dickey-John Corporation
- Cropmetrics
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Key partners in the Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
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Key Segments Covered in Precision Farming Industry Survey
- By Application
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking & Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Other Applications
- By Technology
- Precision Farming Guidance System
- Remote Sensing Precision Farming
- Variable-Rate Technology Precision Farming
- By Offering
- Hardware
- Software
- Services
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 fieldwork.
What Do You Get in a Fact.MR Study?
- Factors Affecting the overall development of the Global Precision Farming Market
- A factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is the present competitive scenario of the global Precision Farming Market and its intricate details concerning the potential business prospects of leading market players?
- Pricing strategies of several different market players in the global Precision Farming Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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The data provided in the Precision Farming Market report offers a comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with an analysis of diverse offerings by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.