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Precision Farming Market by Technology (Guidance, VRT, Remote Sensing), Application (Crop Scouting, Field Mapping, Variable Rate Application), Offering (Hardwareu2014Sensors, GPS, Yield Monitors; Software; Services) and Geography
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Precision Farming Market by Application, Future Demands, and Key Players, 2025
Scope of The Report Research report categorizes the Precision Farming Market based on Technology, Application, Offering and Geography. By Technology • Guidance • VRT • Remote Sensing By Application • Crop Scouting • Field Mapping • Variable Rate Application And More…
Key Segments The precision farming market is estimated to be USD 7.0 billion in 2020 and is projected to reach USD 12.8 billion by 2025, at a CAGR of 12.7% between 2020 and 2025. 1 The major factors driving the growth of precision farming market includes increasing farm mechanization in developing countries, rising labor cost owing to shortage of skilled labor, increasing strain on the global food supply owing to increasing population, substantial cost savings associated with smart farming techniques, and government initiatives to adopt modern agricultural techniques. 2 3 Guidance technology expected to hold largest market share in 2019 Hardware segment expected to continue to hold largest market share throughout forecast period Yield monitoring application to account for largest share of precision farming market in 2020 4 5 Americas expected to hold largest size of precision farming market during forecast period
Precision Farming Market Growth Rate 2025 2020 CAGR of 12.7% Market Size of $ 7.0 billion Market Size of $ 12.8 billion
Key Vendors Vendors Deere & Company (John Deere) (US) Trimble, Inc. (Trimble) (US) AGCO Corporation (AGCO) (US) AgJunction Inc. (AgJunction) (US) Raven Industries Inc. (Raven) (US) AG Leader Technology (AG Leader) (US) Teejet Technologies (Teejet) (US) AgEagle Aerial Syetems (US) • • • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/precis ion-farming-market-1243.html
Top Region.. North America • Europe • APAC • RoW • View Report Here - https://www.marketsandmarkets.com/Market-Reports/precision-farming-market-1243.html
Frequently Asked Questions (FAQ) in Our Report 1. How huge is the opportunity for entrants in the precision farming market for the next five years 2. Which segment is expected to provide the most opportunity for growth? 3. Which are the major companies in the precision forestry market? What are their major strat egies to strengthen their market presence? 4. Which region is expected to witness significant growth for precision farming market in the coming years? 5. How will be adoption trend for variable rate application in precision farming market?
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