1 / 5

Precision Agriculture Market Future technology of Market

The Precision Agriculture Market is projected to reach $27.81 billion by 2031, at a CAGR of 12.9% from 2024 to 2031. The growth of the precision agriculture market is driven by increasing government initiatives promoting the use of modern technologies in the agriculture sector and the surging demand for precision agriculture solutions due to climatic changes. However, the lack of connectivity and infrastructure in rural areas restrains the growth of this market.

richas
Download Presentation

Precision Agriculture Market Future technology of Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Precision Agriculture Market to be worth $27.81 Billion by 2031

  2. Precision Agriculture Market projected to reach $27.81 Billion by 2031 Meticulous Research®—a leading global market research company, published a research report titled, ‘PrecisionAgriculture Market by Offering (Hardware, Software, Services), Technology (Variable Rate, Guidance, Remote Sensing, Others), Application (Field Mapping, Seeding & Spraying, Crop Monitoring, Others), & Geography - Global Forecast to 2031.’ According to this latest publication from Meticulous Research®, the precision agriculture market is projected to reach $27.81 Billion by 2031 at a CAGR of 12.9% from 2024 to 2031. The growth of the precision agriculture market is driven by increasing government initiatives promoting the use of modern technologies in the agriculture sector and the surging demand for precision agriculture solutions due to climatic changes. However, the lack of connectivity and infrastructure in rural areas restrains the growth of this market. Download Free PDF Sample Copy of the Report: https://www.meticulousresearch.com/product/precision-agriculture-market-5785#downloadbrochure The Precision Agriculture Market is projected to reach $27.81 billion by 2031, at a CAGR of 12.9% from 2024 to 2031. The growth of the precision agriculture market is driven by increasing government initiatives promoting the use of modern technologies in the agriculture sector and the surging demand for precision agriculture solutions due to climatic changes. However, the lack of connectivity and infrastructure in rural areas restrains the growth of this market. Governments worldwide are recognizing the need to support farmers in adopting sustainable practices and investing in agricultural technologies to build resilience in the agricultural sector. Precision agriculture is an approach where inputs are utilized in precise amounts to get increased average yields compared to traditional cultivation techniques. Governments around the globe are undertaking initiatives to raise awareness among farmers and promote the use of advanced technologies in farming practices. Click here to free sample: Get free sample of this pages Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com

  3. Precision Agriculture Market projected to reach $27.81 Billion by 2031 Based on offering, the global precision agriculture market is broadly segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the global precision agriculture market. The large market share of this segment is attributed to factors such as increased use of sensing and monitoring devices to obtain real-time information about crop yield, increased need to monitor agriculture data for decision making, and increased partnership between companies to increase adoption of robot platforms. Based on technology, the global precision agriculture market is segmented into guidance technology, variable rate technology, remote sensing technology, and other technologies. In 2024, the guidance technology segment is expected to account for the largest share of the global precision agriculture market. The large market share of this segment is attributed to factors such as the increasing use of guidance technology for achieving a high degree of accuracy and automation in farming equipment, and growing initiatives of companies on product development and expanding distribution of guidance systems. Speak to our Analysts: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5785 Based on application, the global precision agriculture market is segmented into field mapping, seeding & spraying, crop monitoring, yield monitoring, precision irrigation, and other applications. In 2024, the yield monitoring segment is expected to account for the largest share of the global precision agriculture market. The large market share of this segment is attributed to the increasing development of yield monitors for gathering yield information and the growing integration of yield monitors on harvester equipment. Based on geography, the precision agriculture market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global precision agriculture market. The large market share of this segment is attributed to the growing use of precision agriculture solutions to address the growing labor scarcity issue in the region and the rising pressure on the food supply chain. In addition, the increasing utilization of precision agriculture technologies for improving agricultural services in the region contributes to the growth of this regional market. For instance, in April 2022, Chinese meteorologists launched monitoring and assessment services for winter wheat distribution across the country based on remote sensing satellite technology. To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/precision-agriculture-market-5785#toc Moreover, Asia-Pacific is expected to record the highest CAGR during the forecast period. Factors such as the increasing adoption of precision agriculture solutions to track and monitor weather and apply chemicals at variable rates and the growing need for smart farming practices to address crop yield losses, soil degradation, and water stress issues across the region are expected to drive the growth of the precision agriculture market in the coming years. Click customization/cp_id=5785 here for customization: https://www.meticulousresearch.com/request- Key Players: Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com

  4. Precision Agriculture Market projected to reach $27.81 Billion by 2031 Some of the key players operating in the precision agriculture market are Deere & Company (U.S.), AGCO Corporation (U.S.), Topcon Corporation (Japan), Trimble Inc. (U.S.), Raven Industries, Inc. (U.S.) CropX Inc. (Israel), AgEagle Aerial Systems Inc. (U.S.), Netafim Ltd. (Israel), Farmers Edge Inc. (Canada), AgJunction LLC (U.S.), AMVAC Chemical Corporation (U.S.), YANMAR HOLDINGS CO., LTD. (Japan), Ag Leader Technology (U.S.), Ecorobotix SA (Switzerland), BASF SE (Germany), Climate LLC (U.S.), TeeJet Technologies (U.S.), DICKEY-john (U.S.), XMachines (India), Naïo Technologies (France), Robotics Plus Limited (New Zealand), FieldBee (Netherlands), Agremo (Serbia), Verdant Robotics (U.S.), Agrobot (Spain), SZ DJI Technology Co., Ltd. (China), XAG Co., Ltd. (China), and Terra Drone Corporation (Japan). You Can Buy Reoprt From Here: https://www.meticulousresearch.com/Checkout/83317576 Key questions answered in the report: •Which are the high-growth market segments based on offering, technology, and application ? •What was the historical market for precision agriculture? •What are the market forecasts and estimates for the period 2024–2031? •What are the major drivers, restraints, and opportunities in the precision agriculture market? •Who are the major players, and what shares do they hold in the precision agriculture market? •What is the competitive landscape like in the precision agriculture market? •What are the recent developments in the precision agriculture market? •What are the different strategies adopted by the major players in the precision agriculture market? •What are the key geographic trends, and which are the high-growth countries? •Who are the local emerging players in the global precision agriculture market, and how do they compete with the other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com

  5. Precision Agriculture Market projected to reach $27.81 Billion by 2031 Page 4 of 4 © Meticulous Research| sales@meticulousresearch.com

More Related