Precision Agriculture is swiftly gaining popularity among farmers due to the increasing need for 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 productivity and crop yield.

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.

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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 Coverage of the Precision Agriculture Market:

• Insightful information regarding the global Precision Agriculture market
• Identification of growth in various segments and sub-segments of the Precision Agriculture market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision-making process through the availability of the drivers and limitations

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

READ MORE…!

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