The Infinium Global Research analyzes the Precision Agriculture Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global precision agriculture market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of precision agriculture. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the precision agriculture market during the period. The global precision agriculture market is projected to grow at a CAGR of 9.3% over the forecast period of 2019-2025.
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Precision agriculture is also known as precision farming. It makes farming practices more controlled and accurate when it comes to raising livestock and growing crops. Precision agriculture is a farming management using digital techniques to monitor agricultural processes. Rather than applying the same amount of fertilizer over an entire agriculture field. The precision agriculture is a method to increases the quality and quantity of agricultural output with the use of less input i.e. energy, fertilizers, pesticides, and water. Its main aim is to save cost, reduce environmental impact and produce more and better food life. This method of precision agriculture depends upon the combination of new sensor technologies, satellite navigation and positioning technology and the internet of things.
Precision agriculture is growingly popular amongst farmer owing to the need for optimum production with available resources. Further, global warming causes an unexpected weather change that necessitates the adoption of advanced technologies to enhance productivity and crop yield. Different technologies such as weather forecasting, real-time farm monitoring, and optimal field requirement enable the farmers to increase the productivity with minimum human efforts and wastages.
Additionally, governments across the globe encourage modern agriculture techniques to enhance productivity and crop yield. However, lack of awareness about the benefit of precision agriculture among farmers and affordability of technology are restraining the growth of the market to short term. Moreover, a rapidly growing use of IoT and technological innovations such as vertical farms with smart design provides immense scope to the global precision agriculture market.
North America Holds a Large Share in the Global Precision Agriculture Market
Geographically, the precision agriculture market is segmented into North America, Europe, Asia-Pacific, and RoW. North America holds a large share in the global precision agriculture market owing to developed infrastructure and increasing government initiatives for the adoption of modern agriculture technologies. The U.S. and Canada are the recent adopters of precision farming technology in this region.
Precision Agriculture Market: Segment Covered
The report on global precision agriculture market covers segments such as technology, hardware, and software. On the basis of technology, the sub-markets include GIS, telematics, VRT, GPS, and remote sensing. On the basis of hardware, the sub-markets include sensors, drones, automated steering system, radar, and GPS. On the basis of software, the sub-markets include GIS, crop management software, weather tracking, and inventory.
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Precision Agriculture Market: Companies Profiled:
The report provides profiles of the companies in the market such as CropMetrics LLC, John Deere, Trimble Navigation Limited, CropX Ltd, AgSmarts Inc, AgSense LLC, AGCO Corporation, Dickey-John Corporation, Monsanto Company, and Ag Leader Technology, Inc.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the precision agriculture.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.