Increasing global population and high-income growth have led to rising concerns related to food security across the globe. Several agricultural technology innovators and start-ups are developing various sustainable farming systems. With the rapid deployment of precision agriculture solutions, the farmers are capable of improving production yield by efficient management of farm enterprises. The emergence of innovative farm management techniques is supporting farmers to reduce energy consumption and overall cost-effective operations attributing to their resource-efficient and precise approach.
Rising awareness, coupled with the increased governmental initiatives for sustainable farming technologies are the key factors that are contributing to the growth of the precision agriculture market. In addition, increasing acceptance of new farming technologies is boosting agricultural production. Integration of smartphones with the internet of things (IoT) software & devices and rise in usage of drones in agriculture activities are anticipated to propel the precision agriculture market growth in the coming years.
The "Global Precision Agriculture Market Analysis to 2027" is a specialized and in-depth study of the precision agriculture industry with a special focus on the global market trend analysis. The report aims to provide an overview of precision agriculture market with detailed market segmentation by component, application, and geography. The global precision agriculture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading precision agriculture market players and offers key trends and opportunities in the market.
The global precision agriculture market is segmented on the basis of component and application. Based on component, the market is segmented as hardware, software, and services. Further, based on application, the precision agriculture market is divided into data management, precision spraying, precision irrigation, precision planting, field monitoring, precision fertilization, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global precision agriculture market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The precision agriculture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting precision agriculture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the precision agriculture market for each region.
The reports cover key developments in the precision agriculture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from precision agriculture market are anticipated to lucrative growth opportunities in the future with the rising demand for precision agriculture in the global market. Below mentioned is the list of few companies engaged in the precision agriculture market.
The report also includes the profiles of key precision agriculture companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Ag Leader Technology, Inc.
- AGCO Corporation
- AgEagle Aerial Systems Inc.
- AgJunction Inc.
- AgSense LLC (Valmont Industries, Inc.)
- CropMetrics LLC
- CropZilla Software, Inc.
- Deere & Company
- Raven Industries
- Trimble Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.