An in-depth analysis of all the data on 'Precision Farming market' is covered in a latest published research report added by AllTheResearch. The report is mainly focusing on current market trends influencing the business across assorted regions. Also, provides briefing about market size, share, applications, types and Forecast 2020-2026. The research further focuses on the analysis of key players of the Precision Farming Industry and discusses aspects such as company profiles, production, revenue, sales, product specification, potential, and other essentials. in addition to this report highlights growth strategies embraced by market leaders.
The Precision Farming Market size was valued at US$ 5223.5 Mn in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 13.5% for the forecast period ending 2026 reaching a Market value of US$ 12445.1 Mn.
Major Key Players Covered in Report are:
Deere & Company (US)
AGCO Corporation (US)
Raven Industries (US)
AG Leader (US)
Precision Planting (US)
The Climate Corporation (US)
and Agribotix (US) among others
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The global Precision Farming market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other. The industry Professionals in the global Precision Farming industry will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2026.
Precision Farming Market Segmentation by Type:
By Component (Guidance Technology, Remote Sensing, Variable-rate Technology, Others)
By Technology (Hardware, Software, Service)
Precision Farming Market Segmentation by Application:
Weather Tracking & Forecasting
Farm Labor Management
Regional Analysis of Precision Farming Market:
Due to its regional focus, the Precision Farming market is alien to North America, Europe, Asia-Pacific, the Middle East, and Africa as well as Latin America. Major companies are working on distributing their products and services across different regions. In addition, procurements, and associations from some of the leading organizations. All the factors intended to drive the global Precision Farming market are examined in depth.
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Unique insights provided by this report also includes the following:
In-depth value chain analysis
Precision Farming Market trends
Covid-19 impact analysis
Raw material supply analysis
Sustainability trends and environmental concerns
Critical Success Factors
The Covid19 pandemic has transformed the market landscape. The market ecosystem has taken a directional shift in the way supply-side of the market is accessed. The report covers the aftermath of the Covid19 catastrophe.
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Chapters Include in Global Precision Farming Market Research Report 2020 – 2026
Precision Farming Market Overview
Global Economic Impact on Industry
Global Precision Farming Market Competition by Manufacturers
Global Production, Revenue (Value) by Region
Global Supply (Production), Consumption, Export, Import by Regions
Global Production, Revenue (Value), Price Trend by Type
Global Precision Farming Market Analysis by Application
Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Precision Farming Market Forecast
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Date : Mar 2020
Report ID : 139
Category : Information Technology
The global precision farming market was valued at USD 5,223.5 million in 2018 and is expected to reach USD 12,445.1
million in 2026, growing at a CAGR of 11.36% during the forecast period.
Precision farming is also known as precision agriculture. It is a management concept specific to farming or
agriculture based on the factors to estimate observing, measuring and responding to inter and intra-field variability in
crops. It is primarily used in developed countries due to define a decision support system (DSS) for whole-farm
management. It is used with the target to get optimized returns on inputs while preserving resources.
The growth of the precision farming market is primarily driven by the increase in demand for agriculture drones,
government initiatives and favourable schemes to adopt modern agricultural techniques, and growing awareness of
precision farming. Moreover, the rise in the application of telematics in agriculture is expected to create opportunities
for manufacturers in the global market over the forecast period. However, the high initial capital investment and
limited technical knowledge among farmers are expected to hamper the growth of the global precision farming
market in the coming years.
Precision Farming Market Segmentation
Weather Tracking & Forecasting
Farm Labor Management
North America (US and Canada)
Europe (UK, Germany, France and Rest of
Asia Pacific (China, Japan, India and Rest of
Global Precision Farming Market- Segment Analy