Precision Agriculture Market Global Size, Share, Key Players, Production, Growth and Future Insights By 2022

Precision agriculture also known as site specific crop management (SSCM) and satellite farming is an advanced farming technique that utilizes several technologies such as GPS, GIS and remote sensing to collect crucial field related information, which is further analyzed to support grower’s decisions with regard to crop fertilizing, planting, and harvesting. In addition, sensors are placed throughout the field that measure temperature, nutrition level and humidity of the soil. Therefore, the technology eliminates manual human efforts by automating crucial processes including real-time farm monitoring and information sharing.

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Precision agriculture is swiftly gaining popularity among farmers due to the increasing need of optimum production with the given resources. Further, the changing weather patterns due to increasing global warming, have necessitated the adoption of advanced technologies to enhance the productivity and crop yield. By offering technologies such as real-time farm monitoring, weather forecasting, optimal field requirements and similar others, precision agriculture enables the farmers to increase the yield with minimum human efforts and wastage.

Moreover, the technology enables the farmers to manage their resources as well as access real time information through their smartphones, thereby offering greater mobility and ease of operation. However, major restraints of the market are affordability of the technology and lack of awareness about the benefits of precision agriculture among farmers, particularly in the developing countries.

Based on various technologies used in precision agriculture, GPS is the highest revenue-generating segment owing to its wide application in agriculture equipment to track location and crops when required. However, GIS is expected to exhibit the highest CAGR to attain significant market value by 2022, owing to the increasing adoption of GIS in agriculture to collect, store, and analyze data for farming.

Some of the key players of Precision Agriculture Market:

Deere & Company,CropMetrics LLC,Trimble Navigation Limited,CropX,AgSmarts Inc,AgSense LLC,AGCO Corporation,Dickey-John Corporation,Monsanto Company,Ag Leader Technology

The Global Precision Agriculture Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.

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What the report features:-

1.Global analysis of Precision Agriculture Market from 2015 – 2022 illustrating the progression of the market.

2. Forecast and analysis of Precision Agriculture Market by Dosage, Route of Administration and Application from 2015 – 2022.

3.Forecast and analysis of Precision Agriculture Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:

  1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Precision Agriculture Market.
    2. Highlights key business priorities in order to assist companies to realign their business strategies.
    3. The key findings and recommendations highlight crucial progressive industry trends in the Precision Agriculture Market, thereby allowing players to develop effective long term strategies.
    4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Wednesday May 20 2020, 6:59 PM EDT. All trademarks acknowledged. Filed under Media, Technology, Media, & Telecommunications, Telecommunication. Comments and Trackbacks are open. Follow responses: RSS 2.0

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