Global Precision Farming Market Sample Report PDF
Global Precision Farming Market Is Segmented by Technology(Guidance System Technologies, Remote Sensing and Control Systems, Variable Rate Technology) by Type(Hardware, Software) by Applications(Soil Monitoring, Yield Monitoring, Software Applications, Variable Rate Applications, Field Mapping) & by Geography
Global Precision Farming Market Is Segmented by Technology(Guidance System Technologies, Remote Sensing and Control Systems, Variable Rate Technology) by Type(Hardware, Software) by Applications(Soil Monitoring, Yield Monitoring, Software Applications, Variable Rate Applications, Field Mapping) & by Geography
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<strong>Precision</strong> <strong>Farming</strong> <strong>Market</strong><br />
Forecast 2018-2026
• The <strong>Global</strong> <strong>Precision</strong> <strong>Farming</strong> <strong>Market</strong> is being driven by the<br />
need to maximize the food production and the growing focus<br />
on sustainable agriculture. Also, increased awareness and<br />
acceptance of this technique and optimization of the inputs<br />
are other key factors that are contributing to the market<br />
expansion.<br />
• By the end of the forecast period of 2018-2026, the market is<br />
likely to progress with a CAGR of 13.81%.
• Type, technology and applications are the basis upon<br />
which the <strong>Global</strong> <strong>Precision</strong> <strong>Farming</strong> <strong>Market</strong> is<br />
segmented. The type segment includes hardware<br />
and software types.<br />
• The <strong>Precision</strong> <strong>Farming</strong> <strong>Market</strong> by technology can be<br />
divided into guidance systems, variable rate<br />
technology and remote sensing, and control<br />
systems.<br />
• <strong>Precision</strong> farming finds its applications in soil<br />
monitoring, yield monitoring, software applications,<br />
variable rate applications and field mapping.
“The <strong>Global</strong> <strong>Precision</strong> farming market is<br />
estimated to grow with approx.13.81% CAGR<br />
during the year 2018 – 2026…”
<strong>Precision</strong> farming involves data collection,<br />
wherein the results are analyzed to find<br />
definite patterns that are then used for<br />
agricultural forecasting purposes. Over the<br />
forecast period of 2018-2026, the North<br />
America precision farming market is expected<br />
to exhibit a CAGR of 3.17%. Canada, Mexico<br />
and the US are major geographies analyzed in<br />
this region.
Most of the countries in the Asia-Pacific<br />
follow the traditional methods of farming.<br />
However, the growing focus on<br />
sustainable agriculture and increasing<br />
awareness and acceptance of precision<br />
farming technologies are driving<br />
considerable growth in the Asia-Pacific<br />
precision farming market. Between the<br />
projected years of 2018-2026, the market<br />
is likely to progress with a 19.06% CAGR.
<strong>Precision</strong> farming involves advance farming<br />
techniques such as the use of software and<br />
hardware for observing, measuring and<br />
responding to intra-field variability in crops,<br />
which ultimately results in better crop<br />
management and higher output. The Europe<br />
precision farming market is slated to rise<br />
with a CAGR of 12.02% over the forecast<br />
period of 2018-2026.
Some of the leading companies offering precision farming<br />
solutions include Agco Corp, Ag Leader Technology Inc,<br />
Agdata, Ag-Nav Inc, Agjunction Inc, Agribotix, Agrium Inc,<br />
Cropx Ltd, Basf Se, Deere & Co, Dupont, Monsanto<br />
Company, Farmers Edge <strong>Precision</strong> Consulting Inc, Mts<br />
Systems Corp, Raven Industries Inc, Nozzleworks Inc, Sst<br />
Development Group Inc, Topcon Corp, Teejet Technologies,<br />
and Trimble Navigation Limited.
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