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Precision Farming/Agriculture Market [By Hardware (Automation & Control System, Sensing Devices, Access Points); By Deployment (Web-based/Local, Cloud Based); By Service (System Integration, Managed Services, Maintenance & Support, Consulting); By Application (Irrigation Management, Crop Scouting, Yield Monitoring, Weather Tracking and Forecasting, Field Mapping, Inventory Management, and Farm Labor Management); By Regions]: Market size & Forecast, 2017 u2013 2026
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Precision Farming MarketSet to Exceed USD USD 13,016 million by 2026 | CAGR 14.7% “Precision Farming/Agriculture Market [By Hardware (Automation & Control System, Sensing Devices, Access Points); By Deployment (Web-based/Local, Cloud Based); By Service (System Integration, Managed Services, Maintenance & Support, Consulting); By Application (Irrigation Management, Crop Scouting, Yield Monitoring, Weather Tracking and Forecasting, Field Mapping, Inventory Management, and Farm Labor Management); By Regions]: Market size & Forecast, 2017 – 2026”
Precision Farming Market Estimate & Forecast to 2026 The global precision agriculture market is anticipated to reach over USD 13,016 million by 2026, According to a new study published by Polaris Market Research. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period. There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.
Precision Farming Market Scope Request for sample
Precision Farming Market Estimate & Forecast to 2026 Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring. The well-known companies profiled in the report include Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. Browse Complete Report
Precision Farming Market Share By Type, 2017 & 2026 Request for TOC
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