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Posted by Harry on August 24, 2024 at 7:20am 0 Comments 0 Likes
Automation has evolved in North America as a result of technological advances in the oil and gas, industrial, aerospace, and food industries. The North American process automation market was valued at USD 35.23 billion in 2020 and is expected to grow at an 8.3 percent CAGR during the forecast period.
North America Agriculture Variable Rate Technology Market Report Scope and Research Methodology:
The report includes a thorough examination of the various market segments and geographies, as well as an in-depth analysis of the industry's leading players' strategies. SWOT analysis was used to determine the key players' strengths and weaknesses. A comprehensive analysis of North America Agriculture Variable Rate Technology market dynamics, including drivers, restraints, opportunities, and challenges, is provided for each region and segment. The market report also includes import/export consumption, supply and demand, price, cost, revenue, and gross margins. To make accurate inferences, SMR analysts used data collected through primary and secondary research and analysed by SMR analysts. North America Agriculture Variable Rate Technology The market has been consolidated. To gather information for the North America Agriculture Variable Rate Technology Market report on critical market factors such as market trends and market dynamics. Primary interviews were carried out to Secondary data was gathered from sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases, and free databases to gather information on size, growth trends, competitive landscape, and outlook, among other things. To estimate the and regional North America Agriculture Variable Rate Technology Market size, the bottom-up approach was used.
North America Agriculture Variable Rate Technology Market Report Overview:
The study is based on major company forecasts as well as North America Agriculture Variable Rate Technology Market statistics. During the forecast period, the North America Agriculture Variable Rate Technology Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.
North America Agriculture Variable Rate Technology Market Size was valued at USD 2.93 billion and was expected to grow at a CAGR of 11.83% during the forecasting period (2022-2027).
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North America Agriculture Variable Rate Technology Market Regional Analysis:
North America Agriculture Variable Rate Technology Market Segmentation:
This report divides the NorthAmerica Agriculture Variable Rate Technology market by product type, application, Services, Crop Type, farm type, and geographical region. Soil Sensing, Fertiliser VRT, Crop Protection Chemical VRT, Seeding VRT, Yield Monitoring, Irrigation VRT, and Others are the product types in the Agriculture Variable Rate Technology market.
VRS (variable-rate seeding) is an intelligent agriculture method that allows the seeding rate to be adjusted in response to changes in soil quality, geography, climatic conditions, and other factors. VRS improves the use of variable soil nutrient and water storage capacity characteristics while also lowering seed consumption and increasing crop yields. VRS is a method of tying seed quantity to a specific location, which results in increased crop yields and revenues. Because seed germination, crop growth, and yield potential vary by field region, VRS is a method of tying seed quantities to a specific location, thereby increasing agricultural yields and production profitability.
VRT is the only precision technology that is commonly used in conjunction with others. VRT is seen to be complementary to mapping when used with different mapping methods and may result in varying cost savings. Farmers can programme VRT-capable agricultural input application equipment, for example, using yield maps or soil maps to apply different levels of inputs, including seeds, at different rates within a field.
Corn producers who used yield mapping alone or in conjunction with VRT saved the most money (approximately $25 per acre) of all precision agriculture technology users. As a result, cereals and grains are expected to dominate the crop type segment over the forecast period. Yield monitors record data on growing conditions as reflected in yields throughout the year, and yield variability across a farmer's field provides a wealth of information on the effectiveness of current methods. Because each data point on a soil map necessitates a unique geo-located soil test, farmers using GPS soil mapping saved more than $13 per acre, which is less than half the cost of yield mapping.
North America Agriculture Variable Rate Technology Market Key Players:
A.G. Leader Technology (U.S.)
AGCO Corporation (U.S.)
Deere & Company (U.S.)
Lindsay Corporation (U.S.)
Teejet Technologies (US)
The Climate Corporation (U.S.)
Trimble, Inc (U.S.)
Valmont Industries, Inc (U.S.)
Key Questions answered in the North America Agriculture Variable Rate Technology Market Report are:
Key offerings:
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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