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The precision farming market is projected to reach USD 9.53 billion by 2023, at a CAGR of 13.38%. Major factors driving the expansion of the exactness farming market embody pressure on world food offer thanks to growing world population, substantial cut created attainable by precision farming, and government initiatives to adopt fashionable agricultural techniques. Precision farming needs giant initial investment, economical farming tools, and skillful labor.
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Summary • Precision farming market anticipated to grow at a CAGR of 13.38% from 2018 to 2023 • The precision farming market is estimated to be worth USD 5.09 billion in 2018 and is projected to reach USD 9.53 billion by 2023, at a CAGR of 13.38% between 2018 and 2023. • Major factors driving the growth of the precision farming market include pressure on global food supply owing to growing world population, substantial cost cutting made possible by precision farming, and government initiatives to adopt modern agricultural techniques. • Precision farming requires large initial investment, efficient farming tools, and skilled labor.
Segmentation • BY TECHNOLOGY • Guidance Technology • Remote Sensing • Variable-rate Technology • BY APPLICATION • Yield Monitoring • Field Mapping • Crop Scouting • Weather Tracking & Forecasting • Irrigation Management • Inventory Management • Farm Labor Management • Financial Management
Key players • Precision Planting (US) • The Climate Corporation (US) • Descartes Labs (US) • ec2ce (Spain) • Gamaya (Switzerland) • Decisive Farming (Canada) • Deere & Company (US) • Trimble (US) • AGCO Corporation (US) • AgJunction (US) • Raven Industries (US) • AG Leader (US)
Geographic analysis • AMERICAS • EUROPE • APAC • REST OF WORLD
Table Of Contents • Precision Farming Market, By Technology • Precision Farming Market, By Application • Geographic Analysis • Competitive Landscape • Company Profiles • Appendix • Introduction • Research Methodology • Executive Summary • Premium Insights • Market Overview • Industry Trends • Precision Farming Market, By Offering
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