Market Size of Imaging Technology Market for Precision Agriculture
Imaging Technology Market for Precision Agriculture registering a CAGR of 9.0% in terms of revenue during the forecast period (2016-2024)
Imaging Technology Market for Precision Agriculture registering a CAGR of 9.0% in terms of revenue during the forecast period (2016-2024)
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P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Report Media Releases<br />
Global <strong>Imaging</strong> <strong>Technology</strong> <strong>Market</strong> <strong>for</strong> <strong>Precision</strong><br />
<strong>Agriculture</strong> to Register a CAGR <strong>of</strong> 9.0% Between 2016 and<br />
2024; Hyperspectral <strong>Technology</strong> Segment to Drive <strong>Market</strong><br />
Demand<br />
In a new report titled “<strong>Imaging</strong> <strong>Technology</strong> <strong>Market</strong> <strong>for</strong> <strong>Precision</strong> <strong>Agriculture</strong>: Global Industry<br />
Analysis and Forecast, 2016 - 2024”, Persistence <strong>Market</strong> Research analyzes the per<strong>for</strong>mance <strong>of</strong><br />
the global imaging technology market <strong>for</strong> precision agriculture over an eight-year<br />
period and provides insights on the key factors and trends likely to influence the market during<br />
the <strong>for</strong>ecast period (2016 – 2024). The global imaging technology market <strong>for</strong> precision<br />
agriculture is anticipated to grow from US$ 567.4 Mn in 2016 to US$ 1,165.9 Mn by 2024,<br />
registering a CAGR <strong>of</strong> 9.0% in terms <strong>of</strong> revenue during the <strong>for</strong>ecast period (2016-2024). In this<br />
report, the global imaging technology market <strong>for</strong> precision agriculture is tracked in terms <strong>of</strong> value<br />
and is calibrated to obtain market revenue estimates.<br />
Increasing adoption <strong>of</strong> imaging technologies <strong>for</strong> precision agricultural applications supported with<br />
UAVs is a major factor driving the growth <strong>of</strong> the global imaging technology market <strong>for</strong> precision<br />
agriculture. Demand <strong>for</strong> imaging technology <strong>for</strong> precision agriculture is strongly associated with<br />
the growth <strong>of</strong> UAVs commercial applications market, as sensors are mounted on these UAVs in<br />
order to capture the data. Moreover, demand <strong>for</strong> hyperspectral technologies is expected to<br />
increase <strong>for</strong> precision agriculture applications because <strong>of</strong> the granularity <strong>of</strong> the in<strong>for</strong>mation<br />
provided by this technology, which can be used to make better crop management decisions.<br />
However, lack <strong>of</strong> awareness about the technology, ambiguity about the returns, substitute<br />
technologies available to farmers such as Global Navigation Satellite System (GNSS), and<br />
unclear regulations <strong>for</strong> UAVs commercial applications across various countries are major<br />
challenges expected to be faced by market players operating in the global imaging technology<br />
market <strong>for</strong> precision agriculture during the <strong>for</strong>ecast period.<br />
Download Sample Report @ http://www.persistencemarketresearch.com/samples/12016<br />
The global imaging technology market <strong>for</strong> precision agriculture is segmented into two main<br />
segments – namely by technology and by product. The technology segmented is further sub-<br />
Global <strong>Imaging</strong> <strong>Technology</strong> <strong>Market</strong> <strong>for</strong> <strong>Precision</strong> <strong>Agriculture</strong> 2016-2024
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