Precision Agricultural Practices Market

Precision Agricultural Practices Market By Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Application (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) and Geography - Global Forecasts to 2020

Report Code: UC 1395 Sep, 2020, by marketsandmarkets.com
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Precision agricultural practices market is driven by advancements in data management and has a remarkable impact on traditional approaches to farming. Applying technological developments in data collection and geo-location tracking, precision agriculture uses technology to optimize yield and detect operating efficiencies as well as deficiencies. Precision agricultural applications guide farmers about the right time to plant and harvest, and the amount of fertilizers and pesticides needed for better yield production. This information helps cut down input costs, fuel usage, and labor, and negate the environmental impact. Precision agriculture, which can provide precise inputs like water, fertilizer, insecticides at the right time to crops, can help bring in the next green revolution.

Energy and cost saving, increased profitability, and enhancement in the yield are the major driving factors for precision agricultural practices market. Additionally, the increasing demand for food due to rapidly increasing population is enabling the farmers to opt for advanced technologies in agriculture to enhance the yield production. The report on precision agricultural practices market analyzes the supply chain, giving a very clear insight of all major segments and supported segments to the market. The precision agricultural practices market is segmented based on different technologies, components, applications, and geography. This report also analyses the market trends in precision agricultural practices, market dynamics such as market drivers, restraints and opportunities along with the industry’s burning issues and winning imperatives.

The geographical segmentation of the report covers the four major regions of the world, namely the North America, Europe, Asia-Pacific, and Rest of the World (ROW). The report also includes the company profiles of leading players in the field of precision agriculture with their recent developments and other strategic business activities. The competitive landscape section of the report entails key growth strategies and detailed market share analysis of the key industry players. Major companies in this market are Ag Leader Technology (U.S.), Deere & Company (U.S.), Precision Planting Inc. (U.S.), Raven Industries Inc. (U.S.), AgJunction Inc. (U.S.), AGCO Corporation (U.S.), Trimble Navigation Limited (U.S.), Case IH (U.S.), TeeJet Technologies (U.S.), and Topcon Precision Agriculture (U.S.).

Scope of the report

This research report categorizes the market on the basis of technologies, components, applications, and geography. Projections in terms of value from 2014 to 2020 for the overall market and its sub segments have been covered in this report.

Market by Technology

The market is segmented on the basis of technologies such as guidance systems, remote sensing, and Variable Rate Technology (VRT). Guidance systems are further segmented into GPS (Global Positioning Systems) and GIS (Global Information Systems). Remote sensing is further segmented into hand-held and satellite based sensing. The VRT is further categorized into Variable Rate Fertilizer, Variable Rate Pesticide, and Variable Rate Seeding.

Market by Components

This market is segmented on the basis of automation and control system, sensing and monitoring devices, and Farm Management Systems (FMS). The automation and control system is further categorized into displays, guidance & steering, GPS/GNSS devices (low, medium, & high), mobile devices, flow and application control devices, and others. The sensing and monitoring devices is further categorized into water sensor, soil sensors, mass flow sensors, and yield monitors.

Market by Application

The application areas of precision agriculture include yield monitoring, Variable Rate Application (VRA), soil monitoring, crop scouting, field mapping, and others.

Market by Geography

The geographic analysis covers the North America, South America, Europe, Asia-Pacific, and RoW. The cross segmentation of the data included in the report gives a deep insight about regional markets.

Table Of Contents

1 Introduction
  1.1 Objectives
  1.2 Market Definition
  1.3 Study Scope
  1.4 Years Considered For the Study
  1.5 Limitations
  1.6 Stakeholders

2 Research Methodology
  2.1 Description of the Precision Farming Demand Model
  2.2 Market Size Estimation
  2.3 Market Crackdown & Data Triangulation
  2.4 Market Share Estimation
  2.5 Key Data from Secondary Sources
  2.6 Key Data from Primary Sources
  2.7 Key Industry Insights
  2.8 Assumptions for the Report

3 Executive Summary

4 Premium Insights

5 Market Overview 
  5.1 Introduction 
  5.2 Evolution 
  5.3 Market Segmentation 
  5.4 Market Dynamics 
      5.4.1 Drivers 
      5.4.2 Restraints
      5.4.3 Opportunities
      5.4.4 Challenges
      5.4.5 Burning Issues

6 Industry Trends 
  6.1 Introduction 
  6.2 Supply Chain Analysis 
  6.3 Industry Trends 
  6.4 Porter’s Five Forces Analysis
      6.4.1 Threat of New Entrants
      6.4.2 Threat of Substitutes
      6.4.3 Bargaining Power of Suppliers
      6.4.4 Bargaining Power of Buyers
      6.4.5 Intensity of Competitive Rivalry
  6.5 Pest Analysis 
      6.5.1 Political Factors
      6.5.2 Economic Factors
      6.5.3 Social Factors
      6.5.4 Technological Factors
  6.6 Strategic Benchmarking

7 Precision Farming Market, By Technology
  7.1 Introduction
  7.2 Guidance Systems
      7.2.1 Global Positioning Systems (GPS)
      7.2.2 Geographic Information Systems (GIS)
  7.3 Remote Sensing
      7.3.1 Hand-Held
      7.3.2 Satellite
  7.4 Variable Rate Technology (VRT)
      7.4.1 Variable Rate Fertilizer
      7.4.2 Variable Rate Pesticide
      7.4.3 Variable Rate Seeding

8 Precision Farming Market, By Components
  8.1 Introduction
  8.2 Automation and Control Systems
      8.2.1 Display Devices
      8.2.2 Guidance and Steering
      8.2.3 GPS/GNSS Devices
            8.2.3.1 Low-Level Accuracy
            8.2.3.2 Mid-Level Accuracy
            8.2.3.3 High-Level Accuracy
      8.2.4 Mobile Devices
      8.2.5 Flow and Application
      8.2.6 Others
  8.3 Sensing and Monitoring Devices
      8.3.1 Water Sensors
      8.3.2 Mass Flow Sensors
            8.3.2.1 Impact Sensors
            8.3.2.2 Radiation Sensors
            8.3.2.3 Photoelectric Sensors
            8.3.2.4 Speed Sensors
      8.3.3 Soil Sensors
            8.3.3.1 Moisture Sensors
            8.3.3.2 Temperature Sensors
            8.3.3.3 Nutrient Sensors
            8.3.3.4 Soil Acidity/PH Sensors
      8.3.4 Yield Monitors
      8.3.5 Others
  8.4 Farm Management Systems (FMS)

9 Precision Farming Market By Application
  9.1 Introduction
  9.2 Yield Monitoring
  9.3 Field Mapping
  9.4 Variable Rate Application
  9.5 Soil Monitoring
  9.6 Crop Scouting
  9.7 Others

10 Precision Farming Market by Geography
   10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
   10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Others
   10.3 Europe
        10.3.1 Germany
        10.3.2 U.K
        10.3.3 France
        10.3.4 Others
   10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 Others
   10.5 Row
        10.5.1 Middle East
        10.5.2 Australia
        10.5.3 Africa
        10.5.4 Others

11 Competitive Landscape
   11.1 Overview
   11.2 Market Share Analysis
   11.3 Competitive Situation and Trends
        11.3.1 New Product Launches
        11.3.2 Agreements, Partnerships, Collaborations, & Joint Ventures
        11.3.3 Mergers and Acquisitions
        11.3.4 Expansions
        11.3.5 Other Developments

12 Company Profiles (Business Overview, Products and Services, Key Strategies, Recent Developments and MNM View For Each Company)
   12.1 AG Leader Technology
   12.2 AGCO Corporation
   12.3 Agjunction Inc.
   12.4 Deere & Company
   12.5 Dickey-John Corporation
   12.6 Precision Planting Inc.
   12.7 Raven Industries Inc.
   12.8 Teejet Technologies
   12.9 Topcon Precision Agriculture
   12.10 Trimble Navigation Limited


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