Precision Agriculture Market Forecast Report 2020 – 2027 – Top Key Players Analysis

The precision agriculture market report primarily focuses on the key business financials, product portfolio, expansion strategies...

Online PR News – 25-June-2020 – Dublin – The precision agriculture market report, published by GMI Research, provides extensive insight and analysis of the precision agriculture market over the forecast period (2020-2027). The report primarily focuses on the key business financials, product portfolio, expansion strategies, and recent developments in the precision agriculture market. The research report also studies the competitive environment of the precision agriculture market based on the company profiles and their efforts on increasing product value and production.

Leading Players in the Precision Agriculture Market

The notable players in the precision agriculture market include Fairport Farm Software, Farmers Edge Inc., AgSense LLC, Case IH Agriculture, Topcon Corporation, Deere & Company, Bayer CropScience AG, Monsanto Company, Raven Industries, Fairport Farm Software, and Trimble Navigation Limited, among others.

Key Drivers in the Precision Agriculture Market

The increasing requirement for optimum production with limited resources and the rising food demand around the globe are the two significant factors responsible for the growth of the precision agriculture market share in terms of revenue. The changing climatic conditions as a result of the increasing global warming is encouraging the adoption of precision agricultural solutions to reduce the possibilities of crop damage. Several manufacturers are focusing on technological development, such as the introduction of real-time farm monitoring systems, weather forecasting systems, and other solutions are further surging the demand of the market over the coming years.

The continuous technological advancement is helping the farmers to manage their resources and provides access to real-time information through their smartphones, thus offering better mobility and ease of operation to the farmers. On the other hand, the lack of awareness among the farmers about the benefits associated with precision agricultural solutions is hampering the growth of the market in the coming years.

Market Segmentation

Precision Agriculture Market by Technology:

• Guidance Technology
o GPS/GNSS-Based Guidance Technology
o GIS-based Guidance Technology
• Remote Sensing Technology
o Handheld or Ground-based Sensing
o Satellite or Aerial Sensing
• Variable-Rate Technology
o Map-based VRT
o Sensor-based VRT

Precision Agriculture Market by Application:

• Yield Monitoring
• Crop Scouting
• Field Mapping
• Variable Rate Application
o Precision Irrigation
o Precision Seeding
o Precision Fertilization
? Nitrogen VRA
? Phosphorous VRA
? Lime VRA
o Pesticide VRA
• Weather Tracking & Forecasting
• Inventory Management
• Farm Labor Management
• Financial Management
• Others

Precision Agriculture Market by Offering:

• Hardware
o Automation and Control Systems
? Displays
? Guidance and Steering Systems
? GPS/GNSS Devices
? Drones/UAVs
? Irrigation controllers
? Handheld Mobile Devices/Handheld Computers
? Flow & Application Control Devices
? Others
• Sensing and Monitoring Devices
o Yield Monitors
o Soil Sensors
? Moisture Sensors
? Temperature Sensors
? Nutrient Sensors
o Water Sensors
o Climate Sensors
• Software
o Local/Web Based
o Cloud Based
• Services
o System Integration and Consulting Services
o Managed Services
o Connectivity Services
o Assisted Professional Services
o Maintenance and Support Services

Precision Agriculture Market by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.