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Precision Farming Market

Precision Farming Market, By Components (Hardware, Software, Services), By Application (Yield Mapping, Quality Mapping, Soil Properties Analysis, Inventory Management, Labor Management, Crop Scouting) by Forecast 2018-2022. The Global Market of Precision Farming is expected to grow at US ~$7 billion by end of forecast period with compound annual growth rate of 12%.

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Precision Farming Market

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  1. Precision Farming Market Report- Forecast 2023 Precision Farming Market Report-Forecast 2022 P a g e | 1 Copyright © 2017 Market Research Future.

  2. Precision Farming Market Report- Forecast 2023 VIEW REPORTS SAMPLE REPORTS P a g e | 2 Copyright © 2017 Market Research Future.

  3. Precision Farming Market Report- Forecast 2023 Summary Precision Farming is an advance method for farm management with help latest applications and information technology (IT), to make sure that the crops and soil receive exact amount water, fertilization and various other products that are needed for development of crops and maintenances of soil. Precision farming is supported by advance equipment, software & hardware, and strong IT services. The precision farming is trending, and more farmers are approaching it, because it make optimized use of available resources and focus on improve the quality and quantity of crops at same time minimizing the cost of production. Earlier precision farming was limited due lack resources, knowledge, and technology the growth was put onto hold. However, with change of time, strong technology infratsrucer was deployed, along with strong IT backup service. The precision farming have helped the farmers to achieve a productivity, flexibility, and environmental protection and market will expand more in coming years. Looking at this phenomenal growth, Market Research Future’ recently gave out the market insight till 2022. According to this MRFR analysis the global precision farming market is expected to reach USD $7 billion and set to grow at CAGR of 12% during the forecast period. P a g e | 3 Copyright © 2017 Market Research Future.

  4. Precision Farming Market Report- Forecast 2023 Major Key Players: The prominent players identified in the market of Precision Farming are- AGCO Corporation (U.S.), Deere & Company (U.S.), AG Leader Technology (U.S.), AgEagle Aerial Systems (U.S.), Aglytix Inc. (U.S.), AgGateway (U.S.), Precision Planting (U.S.), AgJunction Inc. (U.S.), Agribotix (U.S.), Dickey-John Corporation (U.S.) among others. P a g e | 4 Copyright © 2017 Market Research Future.

  5. Precision Farming Market Report- Forecast 2023 Segmentation: The industry for precision farming is segmented as follow, By Components - Hardware (Displays, Sensors, Drones, GPS Systems, Mobile Devices among others), Software (On Cloud, On Premise) and Service (Managed Services and Professional Services) By Application - Yield mapping, Quality mapping, Soil properties analysis, Inventory Management, Labor management, Crop Scouting among others. By Region - The regions are categorized on the basis of North America, Europe, Asia- Pacific, Middle East and Africa, and Latin America. P a g e | 5 Copyright © 2017 Market Research Future.

  6. Precision Farming Market Report- Forecast 2023 Regional Analysis: North America is dominating the market of Precision Farming. High technology adoption and development in the field of agriculture is the main factor helping the market to grow. Also, presence of top global players in U.S. and Canada is giving competitive advantage to the North America. Europe stands as second biggest market in terms of revenue generation. Countries such as U.K., Germany, and France are some of the leading in Europe region also, government of these countries is supporting the technology adoption in agriculture, helping the market of precision farming to grow. Asia-Pacific has emerged as fastest growing market. Countries such as China and India where most of the population is dependent on agriculture are opening to accept the new technologies in their farming process leading to high demand for the precision farming equipment’s. P a g e | 6 Copyright © 2017 Market Research Future.

  7. Precision Farming Market Report- Forecast 2023 (Germany) are focusing on the digital utilities transformation. P a g e | 7 Copyright © 2017 Market Research Future.

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