The global Precision Agriculture Market is expected to reach USD 16.06 Billion by 2027, according to a new report by Emergen Research. The real-time data regarding weather conditions help farmers to increase their yield and reduce costs while minimizing crop damage risks .Yield monitoring is the most widely used application in precision agriculture as it plays a vital role in understanding field variability and helps farmers in maximizing their farm yields. Drones have emerged as an excellent alternative to the traditional surveying data gathering methods in agricultural operations .As the agricultural sector is vulnerable to disruptive weather events, the demand for actionable timely information increases. Weather tracking applications in the precision agriculture market is projected to grow at a significant CAGR during the forecast period. The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027
The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market. Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario Precision Agriculture is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources .Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. Growth Assessment of various market segments throughout the forecast period. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence. Insightful information for the new entrants willing to enter the market.
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Key participants include AG Leader Technology, Deere Company, Trimble, AGCO Corporation, Raven Industries, AgJunction, SST Development Group, Cropmetrics, Dickey-john Corporation, Topcon Positioning Systems, among others.
For the purpose of this report, Emergen Research has segmented into the global Precision Agriculture Market on the basis of component, technology, application, and region:
Application Outlook (Revenue, USD Billion; 2017-2027)
Yield Monitoring
Field Mapping
Crop Scouting
Weather Tracking Forecasting
Irrigation Management
Inventory Management
Farm Labor Management
Component Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Automation Control Systes
Displays
Guidance Steering
GPS GNSS
Drones, UAV Cameras
Others
Component Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Automation Control Systems
Displays
Guidance Steering
GPS GNSS
Drones, UAV Cameras
Others
Sensing and Monitoring Device
Yield Monitors
Soil Sensors
Water Sensors
Climate Sensors
Software
Services
Consulting training
Maintenance update
Integration
Managed Service
Other Services
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The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The research provides answers to the following key questions:
What will be the estimated size of the PRECISION AGRICULTURE market during the forecast period 2020 to 2027? What will be the market share and growth rate of the PRECISION AGRICULTURE industry during the estimated period?
Who are prominent market players in the PRECISION AGRICULTURE market? How have they managed to stay ahead in the competition?
What are the key driving forces impacting the development rate of the PRECISION AGRICULTURE market across different regions?
Which factors are restricting the growth of the PRECISION AGRICULTURE market worldwide?
Market Taxonomy:
Chapter 1: Methodology Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
For more informative information, please visit : https://www.emergenresearch.com/industry-report/precision-agriculture-market
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