20th March 2020 – The global “Precision
Farming Market” presents a widespread and elementary study of Precision
Farming business at the side of the analysis of subjective aspects which is
able to give key business insights to the readers. World Precision Farming
Market analysis report offers the analytical read of the business by learning
various factors like Precision Farming Market growth, consumption volume,
market trends and Precision Farming business price structures throughout the
forecast amount from 2014 to 2025.
The global Precision Farming/Agriculture
Market is expected to witness a major overhaul in the years to come. This could
be credited to the fact that precision farming holds potential of increasing
crop yield using next level IT-based farming methods. The precision farming
market is also getting catalyzed by excessive use of IoT in farming. As such,
farm producers and managers are encashing on capacities of IoT devices like
automated steering systems, GNSS & GPS systems, and sensors for files
mapping, temperature monitoring, soil sampling, irrigation management, and
various other applications. The devices mentioned above do make way for
real-time insights on ways of improving agricultural practices for more
efficiency.
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a Sample Copy @ https://www.millioninsights.com/industry-reports/precision-farming-market-size/request-sample
Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Precision Farming Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Precision Farming Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
The ever-increasing adoption of drone
technology to monitor crops, identify planting flaws, and detect and control diseases
and pests is the other factor driving the precision farming market. For example
– QuestUAV, in May 2017, did launch “DATAhawkAG”, an all-round package to
enable mapping of precision farming. Q-100 DATA hawkAG, on being equipped with
MicaSense RedEdge camera, does help in capturing images in 5 diverse spectral
bands; thereby detecting patterns pertaining to nutrient content and plant
stress.
The precision agriculture market is
segmented based on component, technology, application, and geography. By
component, the segmentation spans hardware (sensors, automated steering system,
drones, camera, UAV, mobile device, GNSS & GPS, and others), software, and
service (consulting & training, maintenance & updates, managed
services, integration, and other professional service). By technology, the
market comprises high precision positioning system, geomapping, remote sensing,
integrated electronic communication, and VRT. By application, the segmentation
constitutes weather monitoring, yield monitoring, field monitoring, irrigation
management, waste management, financial management, and others.
By geography, the segmentation says
North America, Europe, Asia Pacific, LATAM, and MEA. North America holds the
largest market share; thanks to growing awareness regarding crop quality
coupled with initiatives by the federal government of the U.S. to bring about
innovation. Plus, in 2018, the same government did pass “Precision Agriculture
Connectivity Act” for meeting connectivity requirements in this regard. Asia
Pacific comes in second.
The players contributing to the
precision farming market include Topcon Positioning Systems, Inc.; Raven
Industries, Inc.; Trimble Navigation Ltd.; Precision Planting; Monsanto
Company; GEA Group AG; CropX Inc.; Farmers Edge Inc.; Delaval Corporation;
Dickey-John Corporation; Deere & Company; AgSmarts Inc.; CropMetrics LLC;
AGCO Corporation; Boumatic LLC; AgSense LLC; and Agribotix LLC. Inorganic
growth is on the anvil. For instance – AGCO, in Sep 2017, acquired Precision
Planting LLC equipment business from “The Climate Corporation” (Monsanto
Corporation’s subsidiary). The basic objective of this acquisition was to
strengthen ACGO’s position as full-line partner for farmers at the global
level.
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
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