Precision Agriculture Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2027
The report comprises a detailed analysis of the vital elements of the Precision Agriculture market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Precision Agriculture market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
Precision Agriculture is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.Another factor contributing to the growth of the market is the extensive use of drones and aircraft for precision agriculture operations. Drones have emerged as an excellent alternative to the traditional surveying & data gathering methods in agricultural operations.
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Competitive Outlook:
The global Precision Agriculture market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Precision Agriculture market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
AG Leader Technology, Deere & Company, Trimble, AGCO Corporation, Raven Industries, AgJunction, Proagrica, Cropmetrics, Dickey-john Corporation, Topcon Positioning Systems, among others.
The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Precision Agriculture market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
Some Key Highlights in the Report:
The software segment is anticipated to witness a high growth rate of 12.4% over the forecast period. The software segment includes a detailed analysis of web-based and cloud-based precision agriculture.
Weather tracking applications in the precision agriculture market is projected to grow at a significant CAGR during the forecast period. As the agricultural sector is vulnerable to disruptive weather events, the demand for actionable & timely information increases. The real-time data regarding weather conditions help farmers to increase their yield and reduce costs while minimizing crop damage risks.
Yield monitoring is the most widely used application in precision agriculture as it plays a vital role in understanding field variability and helps farmers in maximizing their farm yields.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, growing at a CAGR of 12.8%. The presence of countries with the largest population, rising demands for food products, and the need to enhance farm output drive the demand for precision agriculture techniques in the region.
The report further segments the global Precision Agriculture market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
For the purpose of this report, Emergen Research has segmented into the global Precision Agriculture Market on the basis of component, technology, application, and region:
Component Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Automation & Control Systems
Displays
Guidance & Steering
GPS & GNSS
Drones, UAV & Cameras
Others
Sensing and Monitoring Device
Yield Monitors
Soil Sensors
Water Sensors
Climate Sensors
Software
Services
Consulting & training
Maintenance & update
Integration
Managed Service
Other Services
Technology Outlook (Revenue, USD Billion; 2017-2027)
Guidance Technology
Remote Sensing
Variable-Rate Technology
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Global Precision Agriculture Market Report – Table of Contents:
Chapter 1 includes the global Precision Agriculture market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Precision Agriculture market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Precision Agriculture market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Precision Agriculture industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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