satellite farming market

satellite farming market Report- Forecast 2022
satellite farming market
Report-Forecast 2022

satellite farming market Report- Forecast 2022
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satellite farming market Report- Forecast 2022
Summary
Precision Farming or Precision Agriculture is a process of identification and
management of variability of any farm and variability of productivity. There are
various factors such as soil, weather, water and vegetation which varies from place to
place and these factors also plays very vital role in crop growth and farming success.
Most of the farmers are aware of this but they lacked the tools to measure and manage
these variations. Thus, it has been found in various studies that, precision farming can
help to supply the equivalent amount of food to the rising world population and helps
farmers to achieve a greater suitability, higher productivity, economic benefits and
environmental protection.
The major factor driving this market is high adoption of technologies in agriculture,
need of more efficient farming, increasing government interest towards promotion of
precision farming among other whereas factors such as need of technical experience
along with high internment are some of the restraints of themarket.
The Global Market of Precision Farming is expected to grow at US ~$7 billion by end
of forecast period with compound annual growth rate of12%.
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satellite farming market Report- Forecast 2022
Major KeyPlayers:
• 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.)
• Raven Industries,
• Topcon Positioning Systems, Inc.
• AquaSpy, CropMetrics
• Farmobile, Granular
• IBM Watson
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satellite farming market Report- Forecast 2022
Segmentation:
The satellite farming market has been segmented on the basis of-
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.
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satellite farming market Report- Forecast 2022
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.
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satellite farming market Report- Forecast 2022
(Germany) are focusing on the digital utilities transformation.
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