The Global Precision Agriculture Market report offers in-depth information and assessment of the key statistical data pertaining to the Precision Agriculture market size, share, growth factors, key drivers, restraints, growth prospects, current and emerging trends, and other vital information. The report has been generated through deep and thorough primary and secondary research with the crucial statistical data validated and verified from industry experts, analysts, and professionals. The report contains abridged information about historical, current, and forecast estimation of each sector, segment, and region of the Global Precision Agriculture market. The report further includes an insightful coverage of the key players of the Precision Agriculture market along with extensive research on their business strategies and expansion plans.

Another factor contributing to the growth of the market is the extensive use of drones and aircraft for precision agriculture operations. Drones have emerged as an excellent alternative to the traditional surveying & data gathering methods in agricultural operations. By using drones for crop monitoring, farm owners can significantly lower their production costs and reduce required man-hours and work-load.

Another driving factor of the market is the growing use of cloud-based technology, rising use of smartphones, and the increasing application of technology in agriculture with the aim of minimizing the human efforts and losses. Additionally, the need to maximize food production by the optimum use of resources is spurring market growth globally.

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Key Highlights From The Report

• The software segment is anticipated to witness a high growth rate of 12.4% over the forecast period. The software segment includes a detailed analysis of web-based and cloud-based precision agriculture.
• Weather tracking applications in the precision agriculture market is projected to grow at a significant CAGR during the forecast period. As the agricultural sector is vulnerable to disruptive weather events, the demand for actionable & timely information increases. The real-time data regarding weather conditions help farmers to increase their yield and reduce costs while minimizing crop damage risks.
• 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.

Market Segmentation:

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:

• Component Outlook (Revenue, USD Billion; 2017-2027)
  • Hardware
    1. Automation & Control Systems
       • Displays
       • Guidance & Steering
       • GPS & GNSS
       • Drones, UAV & Cameras
       • Others
    2. Sensing and Monitoring Device
       • Yield Monitors
       • Soil Sensors
       • Water Sensors
       • Climate Sensors

• Software
• Services
  1. Consulting & training
  2. Maintenance & update
  3. Integration
  4. Managed Service
  5. Other Services
• Technology Outlook (Revenue, USD Billion; 2017-2027)
  • Guidance Technology
  • Remote Sensing
  • Variable-Rate Technology
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking & Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others

Regions Covered in This Report:

1. North America(U.S., Mexico, and Canada)
2. Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
3. Europe(U.K., Germany, France, and Rest of Europe)
4. Latin America(Brazil and Rest of Latin America)
5. Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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Key Features of the Report:

• Comprehensive assessment of the COVID-19 impact on the growth of the Precision Agriculture market
• Strategic recommendations to the key players and new entrants
• Value chain analysis and pricing analysis of the Precision Agriculture market
• Country-wise and region wise assessment of the market growth and market size
• Growth forecast and revenue estimation of the Precision Agriculture market
• Detailed assessment of key market drivers, restraints, growth prospects, and limitations
• 8-year forecast of the global Precision Agriculture market

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Precision Agriculture Market Segmentation & Impact Analysis
    4.1. Precision Agriculture Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing demands for more food products to feed the ever increasing population
                    4.2.2.2. Optimized operations and cost cutting offered by Precision Agriculture/Agriculture
                    4.2.2.3. Urge to adopt modern agricultural techniques to boost production
          4.2.3. Market restraints analysis
                    4.2.3.1. High investment in R&D
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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