Precision Farming Market Size, Share & Industry Growth Analysis Report by Technology (Guidance, Remote Sensing and Variable Rate Technology), Offering, Application, and Region (Americas, Europe, Asia Pacific, Rest of the World) - Global growth Driver and Industry Forecast to 2030
Updated on : April 04, 2023
The precision farming market size is expected to grow from USD 8,500 million in 2022 to USD 15,600 million by 2030, at a compound annual growth rate (CAGR) of 7.9% during the forecast period. The most significant factors driving the growth of the precision farming market is the Rapid adoption of advanced technologies in precision farming to reduce labor cost, Increased adoption of Internet of Things (IoT) devices in agricultural fields, Substantial cost savings associated with precision farming, Climate change and need to meet rising demand for food and Increasing promotion of precision farming techniques by governments worldwide.
Precision farming Market trends
To know about the assumptions considered for the study, Request for Free Sample Report
COVID-19 Impact on the global precision farming market share
The precision farming market report includes key companies such as Deere & Company (John Deere) (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), Teejet Technologies (US), Topcon Positioning Systems (US), Taranis (Israel), AgEagle Aerial Systems (US), ec2ce (Spain), Descartes Labs (US), Granular (US), Autonomous Tractor Corporation (US), Hexagon Agriculture (Brazil), The Climate Corporation (US), and CropX Technologies (Israel). These companies have their manufacturing facilities and corporate offices spread across various countries across Asia Pacific, Europe, Americas, and RoW. The precision farming products manufactured by these companies are purchased by several stakeholders for various applications. COVID-19 not only impacted the operations of the various precision farming manufacturers companies, but also affected the businesses of their suppliers and distributors. The fall in export shipments and slow domestic demand for precision farming in comparison to pre COVID-19 levels is also expected to negatively impact and slightly stagnate the demand for precision farming in short term. The key companies operating in this market, have also witnessed the impact of the pandemic in their order intakes during the first half of 2020.
Precision Farming Market Dynamics
Driver: Rapid adoption of advanced technologies in precision farming to reduce labor cost
The agriculture industry was highly dependent on laborers for different activities; however, with technological advancements, automation is replacing the task of laborers and enabling the industry players to achieve high output in less time. The adoption of advanced technologies is helping farmers to cover a large area of their fields in less time and more efficiently. Precision farming is an advanced farming technique involving cutting-edge technologies that enable farmers to increase productivity and minimize labor costs. The major technologies used for precision farming are smart sensors, GPS, GNSS, auto-steering and guidance technology, and variable rate technology (VRT), among others. They not only help to reduce the labor cost but also utilize resources in the best possible way and minimize wastage, which is higher in the traditional farming techniques
Restraint: High cost of precision farming equipment
One of the major restraining factors for the market growth is the high costs associated with precision farming equipment. The technologies and equipment used in precision farming, including smart sensors, drones, VRT, GPS, GNSS, guidance tools, and receivers, are highly efficient but expensive. Besides, skilled personnel is required to set up and operate precision farming equipment. Hence, in developing countries such as India, China, and Brazil, with limited resources for agricultural practices, growers opt for traditional farming rather than new technology-based farming due to the requirement of high investments.
Opportunity: Rising use of AI- based solutions in precision farming
The use of AI-based applications and tools helps farmers in controlled and accurate farming by providing required information or guidance regarding the use of fertilizers, water management, crop rotation, pest control, type of crop to be grown as per soil, nutrition management, and optimum planting. AI-based tools are used to control pests in farms. They use satellite imagery and compare it with the historical data using AI algorithms to check whether any insect landed on the farm and the type of insect. AI is also used in weather forecasting to help farmers decide the type of crop to be grown and monitor the soil quality and nutrition level. AI-based precision farming techniques help farmers monitor crops’ health, resulting in a high-quality yield.
Challenge: Difficulty in collecting and analyzing multiple farm data
Precision farming generates a large volume of data from variable-rate seeding, yield monitoring, mapping, soil testing to historical crop rotation. This data is analyzed for decision-making, and the success of precision farming relies on it. Thus, it is needed to be stored and managed. The major challenge is to manage this large amount of data, which requires high expertise, and many users do not have the expertise to use this data for decision-making for their farms.
Hardware segment to hold the largest share of precision farming market report During the forecast period
The precision farming industry analysis based on offerings has been segmented into hardware, software, and services. The hardware segment has been further divided into automation and control systems and monitoring and sensing devices. Automation and control systems, such as GPS receivers, guidance and steering devices, and variable-rate technology (VRT) devices, are expected to account for a major share of the market for hardware during the forecast period owing to their extensive use in precision farming. The growth of the market can be attributed to high adoption of automation and control devices such as drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors in the agriculture industry
Variable rate technology is expected to witness higher CAGR growth during the forecast period
Variable rate technology is expected to witness the highest CAGR growth during the forecast period, by technology. The growth of the market can be attributed to the early adoption of this technology by farmers. GPS-based auto-guidance technology allows growers to reduce the overlapping of equipment and tractor passes, saving fuel, labor, time, and soil compaction.
Yield monitoring application held the largest share of precision farming market in 2021
The yield monitoring segment held the largest share by application in the precision farming market share. The market’s growth can be attributed to the benefits of climate service initiatives that enable farmers to effectively deal with climate-related disasters and improve food security and decision-making in agriculture.
APAC to exhibit highest CAGR in global precision farming market
The precision farming market size in APAC is expected to witness the highest growth from 2022 to 2030. Increasing modernization in the agriculture industry in countries such as China, India, and Indonesia is a major factor driving the growth of the regional market. Population expansion in the region’s developing countries is mounting pressure on the agriculture industry to increase productivity, fueling the demand for precision farming equipment.
Top Precision Farming Companies- Key Market Players
Deere & Company (US), AGCO Corporation (US), Raven Industries (US), AgJunction (US), and Trimble (US) are some of the key players in the global precision farming companies. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.
To know about the assumptions considered for the study, download the pdf brochure
Precision Farming Market Report Scope
|
Report Metric |
Details |
|
Estimated Market Size |
USD 8.5 Billion |
|
Projected Market Size |
USD 15.6 Billion |
|
Growth Rate |
7.9% |
|
Market Size Available for Years |
2017–2030 |
|
Base Year |
2021 |
|
Forecast Period |
2022–2030 |
|
Forecast Unit |
Value (USD Million/Billion) |
|
Segments Covered |
|
|
Geographic Regions Covered |
|
|
Market Leaders |
Taranis (Israel), Hexagon Agriculture (Brazil), CropX Technologies (Israel). |
|
Top Companies in North America |
(John Deere) (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader Technology (US), Teejet Technologies (US), Topcon Positioning Systems (US), Taranis (Israel), AgEagle Aerial Systems (US), Descartes Labs (US), Granular (US), Autonomous Tractor Corporation (US), The Climate Corporation (US) |
|
Key Market Driver |
Ongoing technological advancements in displays |
| Key Market Opportunity | Increasing adoption of cloud-based digital signage solutions by businesses during COVID-19 |
| Largest Growing Region | Asia Pacific |
| Highest CAGR Segment | Variable Rate Technology |
| Largest Market Share Segment | Hardware Segment |
This report categorizes the precision farming market based on offering, technology, application, and geography available at the regional and global level
Based on Offering, the Precision Farming Market been Segmented as below:
- Hardware
- Software
- Services
Based on Technology, the Precision Farming Industry been Segmented as below:
- Guidance Technology
- Remote Sensing Technology
- Variable Rate Application
Based on Application, the Precision Farming Industry been Segmented as below:
- Yield Monitoring
- Crop Scouting
- Field Mapping
- Variable Rate Application
- Weather Tracking and Forecasting
- Inventory Management
- Farm Labor Management
- Financial Management
- Others (demand forecasting, customer management, payables and receivables)
Based on Geography, the Precision Farming Market been Segmented as below:
- Americas
- Europe
- Asia Pacific
- RoW
See Also:
- France Precision Farming Market to Grow at a CAGR 9.7% from 2022 to 2030
- Germany Precision Farming Market to Grow at a CAGR 7.5% from 2022 to 2030
- South Korea Precision Farming Market to Grow at a CAGR 12.3% from 2022 to 2030
- UK Precision Farming Market to Grow at a CAGR 9.4% from 2022 to 2030
- China Precision Farming Market to Grow at a CAGR 12.6% from 2022 to 2030
- Japan Precision Farming Market to Grow at a CAGR 9.9% from 2022 to 2030
Recent Developments
- In July 2021 Deere & Company launched JDLINK an information management product. The product provides connectivity services at no additional cost. They help customers to connect their machines.
- In October 2019, Deere & Company acquired Unimil, a provider of aftermarket parts to sugarcane harvesters. With this acquisition, the company will help customers in Brazil reduce their sugarcane production costs.
- In September 2020, Trimble introduced the Trimble R12i GNSS receiver. It incorporates inertial measurement unit-based tilt compensation, which delivers 30% high performance in challenging environments than other receivers.
- In July 2021, AGCO Corporation launched the pilot model of its Precision Ag Line (PAL) program, a tool designed to streamline support services for farmers using AGCO’s solutions with mixed-fleet operations. PAL makes precision farming expertise available to farmers from AGCO’s brands such as Challenger, Fendt, Gleaner, Massey Ferguson, and Precision Planting.
- In May 2021, Raven Industries announced the launch of its new autonomous product brand “OMNI.” This brand highlights the company’s capabilities in autonomous solutions
- In May 2021, AGCO, an agricultural machinery manufacturer, collaborated with Raven and other brands. The objective is to evaluate spraying technology to make the application of crop protection products more effective and efficient.
Frequently Asked Questions (FAQs):
What is the current size of the global precision farming market?
The precision farming market is in the introductory phase and is expected to grow further due to the growing adoption of global positioning system (GPS), guidance, and remote sensing technologies by farmers/growers. The precision farming market is expected to grow from USD 8.5 billion in 2022 to USD 15.6 billion by 2030, at a CAGR of 7.9%.
What are the benefits of precision farming?
Precision farming offers numerous benefits, including increased efficiency, reduced costs, higher crop yields, and more sustainable agricultural practices. Additionally, precision farming can help farmers make more informed decisions about their crops, leading to improved crop health and reduced risk of crop failure.
What are some of the key technologies used in precision farming market?
Key technologies used in precision farming include GPS, drones, sensors, mapping software, and precision irrigation systems. These technologies provide data on various aspects of crop growth, such as soil moisture, nutrient levels, and plant health, allowing farmers to make more informed decisions about their crops.
How is the precision farming market expected to grow in the future?
The precision farming market is expected to grow significantly in the coming years, driven by increasing demand for food and improved agricultural efficiency. With the continued development of new technologies and the adoption of precision farming practices by more farmers, the market is expected to continue to grow and expand in the future.
What are some of the challenges facing the precision farming market?
Some of the challenges facing the precision farming market include high costs, the need for specialized training, and the lack of standardization in data collection and analysis. Additionally, some farmers may be resistant to adopting new technologies, making it difficult to fully realize the benefits of precision farming.
What are the opportunities for the existing players and for those who are planning to enter various stages of the precision farming value chain?
There are various opportunities for the existing players to enter the value chain of precision farming industry. Some of these include integration of smartphone application with precision farming equipment, rise in the use of AI based solutions and adoption of technologicaly advanced equipments and tools in agriculture industry.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 23)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 INCLUSIONS AND EXCLUSIONS
1.3.4 YEARS CONSIDERED FOR STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 28)
2.1 RESEARCH DATA
FIGURE 1 PRECISION FARMING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primary interviews
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 2 PRECISION FARMING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.1.1 Approach for capturing market size by top-down analysis (supply side)
FIGURE 3 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE
2.2.2 BOTTOM-UP APPROACH
2.2.2.1 Approach for capturing market share by bottom-up analysis (demand side)
FIGURE 5 PRECISION FARMING MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE
2.3 MARKET PROJECTIONS
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
2.6 LIMITATIONS
2.7 RISK FACTORS
3 EXECUTIVE SUMMARY (Page No. - 40)
FIGURE 7 PRECISION FARMING MARKET, 2018–2030 (USD BILLION)
FIGURE 8 GROWTH PROJECTIONS FOR MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
FIGURE 9 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY OFFERING, DURING FORECAST PERIOD
FIGURE 10 VARIABLE RATE TECHNOLOGY SEGMENT TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 11 YIELD MONITORING SEGMENT HELD LARGEST SHARE, BY APPLICATION, OF PRECISION FARMING INDUSTRY IN 2021
FIGURE 12 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL PRECISION FARMING MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE OPPORTUNITIES IN PRECISION FARMING MARKET
FIGURE 13 RISING PREFERENCE FOR PRECISION FARMING AMONG FARMERS/GROWERS TO CREATE GROWTH OPPORTUNITIES FOR MARKET
4.2 MARKET, BY OFFERING
FIGURE 14 SERVICES SEGMENT TO GROW AT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
4.3 MARKET, BY APPLICATION
FIGURE 15 YIELD MONITORING SEGMENT HELD LARGEST SHARE OF MARKET IN 2021
4.4 MARKET, BY TECHNOLOGY
FIGURE 16 GUIDANCE TECHNOLOGY SEGMENT HELD LARGEST SHARE OF MARKET IN 2021
4.5 COUNTRY-WISE PRECISION FARMING MARKET GROWTH
FIGURE 17 PRECISION FARMING MARKET ANALYSIS IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid adoption of advanced technologies in precision farming to reduce labor cost
5.2.1.2 Increased adoption of Internet of Things (IoT) devices in agricultural fields
5.2.1.3 Substantial cost savings associated with precision farming
5.2.1.4 Climate change and need to meet rising demand for food
5.2.1.5 Increasing promotion of precision farming techniques by governments worldwide
5.2.2 RESTRAINTS
5.2.2.1 High costs of precision farming equipment
5.2.2.2 Small size of landholdings and limited availability of skilled labor
5.2.3 OPPORTUNITY
5.2.3.1 Growing adoption of technologically advanced equipment and tools in agriculture industry
5.2.3.2 Integration of smartphone applications with precision farming equipment
5.2.3.3 Rising use of AI-based solutions in precision farming
5.2.4 CHALLENGES
5.2.4.1 Difficulty in collecting and analyzing multiple farm data
5.2.4.2 Lack of standardization in precision farming industry
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS RELATED TO MARKET
5.4 ECOSYSTEM/MARKET MAP
TABLE 2 PRECISION FARMING MARKET: ECOSYSTEM
FIGURE 20 KEY PLAYERS IN PRECISION FARMING ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.5.1 ARTIFICIAL INTELLIGENCE
5.5.2 IOT
5.5.3 AGRICULTURAL DRONES/UNMANNED AERIAL VEHICLES (UAVS)
5.6 VALUE CHAIN ANALYSIS
FIGURE 21 VALUE CHAIN: PRECISION FARMING MARKET
5.7 PATENT ANALYSIS
TABLE 3 NOTABLE PATENTS PERTAINING TO PRECISION FARMING MARKET
TABLE 4 NUMBER OF PATENTS REGISTERED RELATED TO MARKET IN LAST 10 YEARS
FIGURE 22 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 23 NO. OF PATENTS GRANTED PER YEAR, 2012–2021
5.8 REGULATORY LANDSCAPE
5.8.1 NORTH AMERICA
5.8.2 EUROPE
5.8.3 GLOBAL
5.9 TRADE DATA
5.9.1 IMPORT DATA
FIGURE 24 IMPORT DATA FOR HS CODE 8433, BY COUNTRY, 2016–2020 (USD BILLION)
TABLE 5 IMPORT DATA FOR HS CODE 8433, BY COUNTRY, 2016–2020 (USD BILLION)
5.9.2 EXPORT DATA
FIGURE 25 EXPORT DATA FOR HS CODE 8433, BY COUNTRY, 2016–2020 (USD BILLION)
TABLE 6 EXPORT DATA FOR HS CODE 8433, BY COUNTRY, 2016–2020 (USD BILLION)
5.10 CASE STUDY ANALYSIS
5.10.1 ACCENTURE HELPED PROAGRICA TO GATHER WIDE RANGE OF AGRICULTURAL DATA INSIGHTS
5.10.2 SMART AGRICULTURE BY AGCO USING INTERNET OF THINGS TECHNOLOGY
5.10.3 AGJUNCTION HELPED EFARMER TO DEVELOP AFFORDABLE AUTOSTEER FOR FARMERS
5.10.4 USE OF IOT IN PRECISION FARMING
5.10.5 SCALING UP DATA SCIENCE TO POWER PRECISION FARMING
5.11 KEY CONFERENCES & EVENTS IN 2022-2023
TABLE 7 PRECISION FARMING MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.12 PORTER’S FIVE FORCE ANALYSIS
TABLE 8 PORTER’S FIVE FORCES IMPACT ON MARKET
FIGURE 26 PRECISION FARMING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.12.1 INTENSITY OF COMPETITIVE RIVALRY
5.12.2 THREAT OF SUBSTITUTES
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 BARGAINING POWER OF SUPPLIERS
5.12.5 THREAT OF NEW ENTRANTS
5.13 AVERAGE SELLING PRICE (ASP) ANALYSIS
FIGURE 27 ASP ANALYSIS OF MARKET
6 PRECISION FARMING MARKET, BY OFFERING (Page No. - 73)
6.1 INTRODUCTION
FIGURE 28 SERVICES SEGMENT TO RECORD HIGHEST CAGR IN PRECISION FARMING MARKET DURING FORECAST PERIOD
TABLE 9 PRECISION FARMING MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 10 MARKET, BY OFFERING, 2022–2030 (USD MILLION)
6.2 HARDWARE
TABLE 11 MARKET, BY HARDWARE, 2018–2021 (USD MILLION)
TABLE 12 MARKET, BY HARDWARE, 2022–2030 (USD MILLION)
TABLE 13 MARKET FOR HARDWARE, BY REGION, 2018–2021 (USD MILLION)
TABLE 14 MARKET FOR HARDWARE, BY REGION, 2022–2030 (USD MILLION)
TABLE 15 MARKET FOR HARDWARE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 16 MARKET FOR HARDWARE, BY TECHNOLOGY, 2022–2030 (USD MILLION)
6.2.1 AUTOMATION AND CONTROL SYSTEMS
TABLE 17 PRECISION FARMING MARKET FOR AUTOMATION AND CONTROL SYSTEMS, BY DEVICE TYPE, 2018–2021 (USD MILLION)
TABLE 18 MARKET FOR AUTOMATION AND CONTROL SYSTEMS, BY DEVICE TYPE, 2022–2030 (USD MILLION)
TABLE 19 MARKET FOR AUTOMATION AND CONTROL SYSTEMS, BY REGION, 2018–2021 (USD MILLION)
TABLE 20 MARKET FOR AUTOMATION AND CONTROL SYSTEMS, BY REGION, 2022–2030 (USD MILLION)
6.2.1.1 Display
6.2.1.1.1 Integration of display devices into precision farming systems to drive growth of display market
6.2.1.2 Guidance and steering systems
6.2.1.2.1 Growing adoption of automated guidance and steering systems in tractors and agriculture robots to drive market growth
6.2.1.3 GPS/GNSS devices
6.2.1.3.1 High demand for GPS/GNSS devices in variable rate applications
6.2.1.4 Drones/UAVs
6.2.1.4.1 Increasing implementation of drones for identification of pests and weeds to propel market growth
TABLE 21 MARKET FOR DRONES/UAVS, BY VALUE, 2018–2021 (USD MILLION)
TABLE 22 MARKET FOR DRONES/UAVS, BY VALUE, 2022–2030 (USD MILLION)
TABLE 23 MARKET FOR DRONES/UAVS, BY VOLUME, 2018–2021 (MILLION UNITS)
TABLE 24 MARKET FOR DRONES/UAVS, BY VOLUME, 2022–2030 (MILLION UNITS)
6.2.1.5 Irrigation controllers
6.2.1.5.1 Concerns regarding efficient use of water to fuel demand for irrigation controllers
6.2.1.6 Handheld mobile devices/handheld computers
6.2.1.6.1 Operational flexibility and ease of operation are factors for increasing adoption of handheld mobile devices/handheld computers
6.2.1.7 Flow and application control devices
6.2.1.7.1 Increasing demand for flow and application control devices to facilitate growth of precision farming market for variable rate application
6.2.1.8 Others
6.2.2 SENSING AND MONITORING DEVICES
TABLE 25 MARKET FOR SENSING AND MONITORING DEVICES, BY DEVICE TYPE, 2018–2021 (USD MILLION)
TABLE 26 MARKET FOR SENSING AND MONITORING DEVICES, BY DEVICE TYPE, 2022–2030 (USD MILLION)
TABLE 27 MARKET FOR SENSING AND MONITORING DEVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 28 MARKET FOR SENSING AND MONITORING DEVICES, BY REGION, 2022–2030 (USD MILLION)
6.2.2.1 Yield monitors
6.2.2.1.1 Yield monitors to hold largest market share from 2022 to 2030
6.2.2.2 Soil sensors
6.2.2.2.1 Feature of soil sensors to provide real-time soil information for analysis to fuel their demand
TABLE 29 PRECISION FARMING MARKET FOR SOIL SENSORS, BY SENSOR TYPE, 2018–2021 (USD MILLION)
TABLE 30 MARKET FOR SOIL SENSORS, BY SENSOR TYPE, 2022–2030 (USD MILLION)
6.2.2.2.2 Moisture sensors
6.2.2.2.2.1 High adoption of moisture sensors for efficient irrigation management to drive market growth
6.2.2.2.3 Temperature sensors
6.2.2.2.3.1 Growing adoption of temperature sensors for sowing and checking suitability of soil for planting to drive market growth
6.2.2.2.4 Nutrient sensors
6.2.2.2.4.1 Nutrient sensors sub-segment to witness highest growth during forecast period
6.2.2.3 Water sensors
6.2.2.3.1 Need to focus on effective control on irrigation to fuel use of water sensors
6.2.2.4 Climate sensors
6.2.2.4.1 Uncertainties related to weather and climate to propel demand for climate sensors
6.3 SOFTWARE
TABLE 31 PRECISION FARMING MARKET FOR SOFTWARE, BY DEPLOYMENT TYPE, 2018–2021 (USD MILLION)
TABLE 32 MARKET FOR SOFTWARE, BY DEPLOYMENT TYPE, 2022–2030 (USD MILLION)
TABLE 33 MARKET FOR SOFTWARE, BY REGION, 2018–2021 (USD MILLION)
TABLE 34 MARKET FOR SOFTWARE, BY REGION, 2022–2030 (USD MILLION)
TABLE 35 MARKET FOR SOFTWARE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 36 MARKET FOR SOFTWARE, BY TECHNOLOGY, 2022–2030 (USD MILLION)
6.3.1 LOCAL/WEB BASED
6.3.1.1 Web-based delivery model sub-segment held larger share of precision farming software market in 2021
TABLE 37 MARKET FOR LOCAL/WEB-BASED SOFTWARE, BY REGION, 2018–2021 (USD MILLION)
TABLE 38 MARKET FOR LOCAL/WEB-BASED SOFTWARE, BY REGION, 2022–2030 (USD MILLION)
6.3.2 CLOUD BASED
6.3.2.1 Growing popularity of software-as-a-service model to fuel demand for cloud technology to ensure remote access to crucial data
TABLE 39 MARKET FOR CLOUD-BASED SOFTWARE, BY REGION, 2018–2021 (USD MILLION)
TABLE 40 MARKET FOR CLOUD-BASED SOFTWARE, BY REGION, 2022–2030 (USD MILLION)
6.4 SERVICES
TABLE 41 PRECISION FARMING MARKET FOR SERVICES, BY SERVICE TYPE, 2018–2021 (USD MILLION)
TABLE 42 MARKET FOR SERVICES, BY SERVICE TYPE, 2022–2030 (USD MILLION)
TABLE 43 MARKET FOR SERVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 44 MARKET FOR SERVICES, BY REGION, 2022–2030 (USD MILLION)
TABLE 45 MARKET FOR SERVICES, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 46 MARKET FOR SERVICES, BY TECHNOLOGY, 2022–2030 (USD MILLION)
6.4.1 SYSTEM INTEGRATION AND CONSULTING SERVICES
6.4.1.1 High demand for integration of software and hardware equipment to propel market growth
TABLE 47 PRECISION FARMING MARKET FOR SYSTEM INTEGRATION AND CONSULTING SERVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 48 MARKET FOR SYSTEM INTEGRATION AND CONSULTING SERVICES, BY REGION, 2022–2030 (USD MILLION)
6.4.2 MANAGED SERVICES
6.4.2.1 Increasing demand for cloud-based software and platforms to drive growth of market for managed services
TABLE 49 MARKET FOR MANAGED SERVICES, BY SERVICE TYPE, 2018–2021 (USD MILLION)
TABLE 50 MARKET FOR MANAGED SERVICES, BY SERVICE TYPE, 2022–2030 (USD MILLION)
TABLE 51 MARKET FOR MANAGED SERVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 52 MARKET FOR MANAGED SERVICES, BY REGION, 2022–2030 (USD MILLION)
6.4.2.2 Farm operation services
6.4.2.3 Data services
6.4.2.4 Analytics services
6.4.3 CONNECTIVITY SERVICES
6.4.3.1 Americas to hold major share of connectivity services market during forecast period
TABLE 53 PRECISION FARMING MARKET FOR CONNECTIVITY SERVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 54 MARKET FOR CONNECTIVITY SERVICES, BY REGION, 2022–2030 (USD MILLION)
6.4.4 ASSISTED PROFESSIONAL SERVICES
TABLE 55 MARKET FOR ASSISTED PROFESSIONAL SERVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 56 MARKET FOR ASSISTED PROFESSIONAL SERVICES, BY REGION, 2022–2030 (USD MILLION)
6.4.4.1 Supply chain management services
6.4.4.2 Climate information services
6.4.4.3 Others
6.4.5 MAINTAINANCE AND SUPPORT SERVICES
6.4.5.1 Growing demand for maintenance and support services to build long-term relationships with customers and reduce expenses for maintaining precision farming solutions to drive market growth
TABLE 57 PRECISION FARMING MARKET FOR MAINTAINANCE AND SUPPORT SERVICES, BY REGION, 2018–2021 (USD MILLION)
TABLE 58 MARKET FOR MAINTAINANCE AND SUPPORT SERVICES, BY REGION, 2022–2030 (USD MILLION)
7 PRECISION FARMING MARKET, BY TECHNOLOGY (Page No. - 99)
7.1 INTRODUCTION
FIGURE 29 VARIABLE RATE TECHNOLOGY TO EXHIBIT HIGHEST CAGR IN PRECISION FARMING MARKET DURING FORECAST PERIOD
TABLE 59 MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 60 PRECISION FARMING MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)
7.2 GUIDANCE TECHNOLOGY
TABLE 61 MARKET FOR GUIDANCE TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 62 MARKET FOR GUIDANCE TECHNOLOGY, BY REGION, 2022–2030 (USD MILLION)
TABLE 63 MARKET FOR GUIDANCE TECHNOLOGY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 64 MARKET FOR GUIDANCE TECHNOLOGY, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 65 MARKET FOR GUIDANCE TECHNOLOGY, BY TYPE, 2018–2021 (USD MILLION)
TABLE 66 MARKET FOR GUIDANCE TECHNOLOGY, BY TYPE, 2022–2030 (USD MILLION)
7.2.1 GPS/GNSS-BASED GUIDANCE TECHNOLOGY
7.2.1.1 Rising preference for using advanced technologies in agriculture industry to boost demand for GPS/GNSS-based guidance technology
7.2.2 GIS-BASED GUIDANCE TECHNOLOGY
7.3 REMOTE SENSING TECHNOLOGY
TABLE 67 MARKET FOR REMOTE SENSING TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 68 MARKET FOR REMOTE SENSING TECHNOLOGY, BY REGION, 2022–2030 (USD MILLION)
TABLE 69 MARKET FOR REMOTE SENSING TECHNOLOGY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 70 MARKET FOR REMOTE SENSING TECHNOLOGY, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 71 MARKET FOR REMOTE SENSING TECHNOLOGY, BY TYPE, 2018–2021 (USD MILLION)
TABLE 72 MARKET FOR REMOTE SENSING TECHNOLOGY, BY TYPE, 2022–2030 (USD MILLION)
7.3.1 HANDHELD OR GROUND-BASED SENSING
7.3.1.1 Growing demand for handheld sensors and easy availability to drive market growth
7.3.2 SATELLITE OR AERIAL SENSING
TABLE 73 TYPES OF SATELLITE REMOTE SENSING IMAGE RESOLUTION
7.4 VARIABLE RATE TECHNOLOGY
TABLE 74 PRECISION FARMING MARKET FOR VARIABLE RATE TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 MARKET FOR VARIABLE RATE TECHNOLOGY, BY REGION, 2022–2030 (USD MILLION)
TABLE 76 MARKET FOR VARIABLE RATE TECHNOLOGY, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 77 MARKET FOR VARIABLE RATE TECHNOLOGY, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 78 MARKET FOR VARIABLE RATE TECHNOLOGY, BY TYPE, 2018–2021 (USD MILLION)
TABLE 79 MARKET FOR VARIABLE RATE TECHNOLOGY, BY TYPE, 2022–2030 (USD MILLION)
7.4.1 MAP-BASED VRT
7.4.1.1 Map-based VRT segment held largest market share in 2021
7.4.2 SENSOR-BASED VRT
8 PRECISION FARMING MARKET, BY APPLICATION (Page No. - 111)
8.1 INTRODUCTION
FIGURE 30 MARKET WEATHER TRACKING AND FORECASTING APPLICATION TO GROW AT HIGHEST CAGR FROM 2022 TO 2030
TABLE 80 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 81 PRECISION FARMING MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
8.2 YIELD MONITORING
8.2.1 ON-FARM YIELD MONITORING SUB-SEGMENT HELD LARGEST SHARE OF YIELD MONITORING APPLICATION SEGMENT IN 2021
TABLE 82 BENEFITS OF YIELD MONITORING
TABLE 83 PRECISION FARMING MARKET FOR YIELD MONITORING APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 84 MARKET FOR YIELD MONITORING APPLICATION, BY REGION, 2022–2030 (USD MILLION)
TABLE 85 MARKET FOR YIELD MONITORING APPLICATION, BY TYPE, 2018–2021 (USD MILLION)
TABLE 86 MARKET FOR YIELD MONITORING APPLICATION, BY TYPE, 2022–2030 (USD MILLION)
8.2.2 ON-FARM YIELD MONITORING
8.2.3 OFF-FARM YIELD MONITORING
8.3 CROP SCOUTING
8.3.1 RISING NEED FOR CROP MANAGEMENT TO PROPEL GROWTH OF CROP SCOUTING APPLICATION SEGMENT
TABLE 87 PRECISION FARMING MARKET FOR CROP SCOUTING APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 88 MARKET FOR CROP SCOUTING APPLICATION, BY REGION, 2022–2030 (USD MILLION)
8.3.2 PRE-SEEDING CROP SCOUTING
8.3.3 POST-SEEDING CROP SCOUTING
8.3.4 CROP MONITORING
8.4 FIELD MAPPING
8.4.1 DRAINAGE MAPPING SUB-SEGMENT TO REGISTER HIGHEST CAGR AMONG OTHER FIELD MAPPING SUB-SEGMENTS FROM 2022 TO 2030
TABLE 89 MARKET FOR FIELD MAPPING APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 90 MARKET FOR FIELD MAPPING APPLICATION, BY REGION, 2022–2030 (USD MILLION)
TABLE 91 MARKET FOR FIELD MAPPING APPLICATION, BY TYPE, 2018–2021 (USD MILLION)
TABLE 92 MARKET FOR FIELD MAPPING APPLICATION, BY TYPE, 2022–2030 (USD MILLION)
8.4.2 BOUNDARY MAPPING
8.4.3 DRAINAGE MAPPING
8.5 VARIABLE RATE APPLICATION
8.5.1 VARIABLE RATE APPLICATION SEGMENT TO WITNESS STEADY GROWTH IN MARKET DURING FORECAST PERIOD
TABLE 93 PRECISION FARMING MARKET FOR VARIABLE RATE APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 94 MARKET FOR VARIABLE RATE APPLICATION, BY REGION, 2022–2030 (USD MILLION)
TABLE 95 MARKET FOR VRA APPLICATION, BY TYPE, 2018–2021 (USD MILLION)
TABLE 96 MARKET FOR VRA APPLICATION, BY TYPE, 2022–2030 (USD MILLION)
8.5.2 PRECISION IRRIGATION
8.5.3 PRECISION SEEDING
8.5.4 PRECISION FERTILIZATION
8.5.4.1 Nitrogen VRA
8.5.4.2 Phosphorous VRA
8.5.4.3 Lime VRA
8.5.5 PESTICIDE VRA
8.6 WEATHER TRACKING AND FORECASTING
8.6.1 WEATHER TRACKING AND FORECASTING APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 97 MARKET FOR WEATHER TRACKING AND FORECASTING APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 98 MARKET FOR WEATHER TRACKING AND FORECASTING APPLICATION, BY REGION, 2022–2030 (USD MILLION)
8.7 INVENTORY MANAGEMENT
8.7.1 GROWING DEMAND FOR GPS FOR INVENTORY MANAGEMENT TO PROPEL MARKET GROWTH
TABLE 99 PRECISION FARMING MARKET FOR INVENTORY MANAGEMENT APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 100 MARKET FOR INVENTORY MANAGEMENT APPLICATION, BY REGION, 2022–2030 (USD MILLION)
8.8 FARM LABOR MANAGEMENT
8.8.1 INCREASING NEED FOR EFFECTIVE HANDLING OF LABOR TO DRIVE DEMAND FOR FARM LABOR MANAGEMENT SEGMENT
TABLE 101 MARKET FOR FARM LABOR MANAGEMENT APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 102 MARKET FOR FARM LABOR MANAGEMENT APPLICATION, BY REGION, 2022–2030 (USD MILLION)
8.9 FINANCIAL MANAGEMENT
8.9.1 RISING USE OF FINANCIAL MANAGEMENT BY FARMERS OR GROWERS TO MAKE STRATEGIC DECISIONS TO DRIVE MARKET GROWTH
TABLE 103 MARKET FOR FINANCIAL MANAGEMENT APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 104 MARKET FOR FINANCIAL MANAGEMENT APPLICATION, BY REGION, 2022–2030 (USD MILLION)
8.10 OTHERS
TABLE 105 MARKET FOR OTHERS, BY REGION, 2018–2021 (USD MILLION)
TABLE 106 MARKET FOR OTHERS, BY REGION, 2022–2030 (USD MILLION)
9 PRECISION FARMING MARKET, BY GEOGRAPHY (Page No. - 129)
9.1 INTRODUCTION
FIGURE 31 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 107 PRECISION FARMING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 108 MARKET, BY REGION, 2022–2030 (USD MILLION)
9.2 AMERICAS
FIGURE 32 SNAPSHOT: PRECISION FARMING MARKET IN AMERICAS
TABLE 109 MARKET IN AMERICAS, BY REGION, 2018–2021 (USD MILLION)
TABLE 110 MARKET IN AMERICAS, BY REGION, 2022–2030 (USD MILLION)
TABLE 111 MARKET IN AMERICAS, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 112 MARKET IN AMERICAS, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 113 MARKET IN AMERICAS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 114 MARKET IN AMERICAS, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 115 MARKET IN AMERICAS, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 116 MARKET IN AMERICAS, BY TECHNOLOGY, 2022–2030 (USD MILLION)
9.2.1 NORTH AMERICA
TABLE 117 MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 118 MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2030 (USD MILLION)
9.2.1.1 US
9.2.1.1.1 US is one of the largest markets in North America
9.2.1.2 Canada
9.2.1.2.1 Growing use of precision farming equipment in Canada for agricultural applications
9.2.1.3 Mexico
9.2.1.3.1 Rising popularity of crop mapping using precision farming in Mexico
9.2.2 SOUTH AMERICA
TABLE 119 MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 120 MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2030 (USD MILLION)
9.2.2.1 Brazil
9.2.2.1.1 Rapid adoption of precision farming technologies by farmers to fuel market growth
9.2.2.2 Argentina
9.2.2.2.1 High agricultural production is boosting market growth
9.2.2.3 Rest of South America
9.3 EUROPE
FIGURE 33 SNAPSHOT: PRECISION FARMING MARKET IN EUROPE
TABLE 121 PRECISION FARMING MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 122 MARKET IN EUROPE, BY COUNTRY, 2022–2030 (USD MILLION)
TABLE 123 MARKET IN EUROPE, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 124 MARKET IN EUROPE, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 125 MARKET IN EUROPE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 126 MARKET IN EUROPE, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 127 MARKET IN EUROPE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 128 MARKET IN EUROPE, BY TECHNOLOGY, 2022–2030 (USD MILLION)
9.3.1 UK
9.3.1.1 Increasing development of various precision farming equipment by universities in UK to drive market growth
9.3.2 GERMANY
9.3.2.1 Germany held largest share of precision farming market in Europe in 2021
9.3.3 FRANCE
9.3.3.1 Increasing start-ups in agriculture technology sector to drive growth of precision farming market in France
9.3.4 ITALY
9.3.4.1 Increase in agricultural activities to boost demand for precision farming equipment
9.3.5 NETHERLANDS
9.3.5.1 Netherlands to be one of largest markets for precision farming equipment
9.3.6 REST OF EUROPE
9.4 APAC
FIGURE 34 SNAPSHOT: PRECISION FARMING MARKET IN APAC
TABLE 129 MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 130 MARKET IN APAC, BY COUNTRY, 2022–2030 (USD MILLION)
TABLE 131 MARKET IN APAC, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 132 MARKET IN APAC, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 133 MARKET IN APAC, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 134 MARKET IN APAC, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 135 MARKET IN APAC, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 136 MARKET IN APAC, BY TECHNOLOGY, 2022–2030 (USD MILLION)
9.4.1 CHINA
9.4.1.1 China held largest share of precision farming market in APAC in 2021
9.4.2 JAPAN
9.4.2.1 Japan is one of first markets to adopt precision farming equipment
9.4.3 AUSTRALIA
9.4.3.1 Australia to witness significant growth in demand for precision farming equipment compared to other countries in APAC
9.4.4 INDIA
9.4.4.1 India to provide attractive growth opportunities for market between 2022 and 2030
9.4.5 SOUTH KOREA
9.4.5.1 South Korea to witness robust growth in market during forecast period
9.4.6 REST OF APAC
9.5 ROW
TABLE 137 MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 138 MARKET IN ROW, BY COUNTRY, 2022–2030 (USD MILLION)
TABLE 139 MARKET IN ROW, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 140 MARKET IN ROW, BY OFFERING, 2022–2030 (USD MILLION)
TABLE 141 MARKET IN ROW, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 142 MARKET IN ROW, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 143 MARKET IN ROW, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 144 PRECISION FARMING MARKET IN ROW, BY TECHNOLOGY, 2022–2030 (USD MILLION)
9.5.1 MIDDLE EAST
9.5.1.1 Increasing adoption of remote sensing technology to propel the growth of market from 2022 and 2030
9.5.2 AFRICA
9.5.2.1 Growing awareness regarding benefits associated with precision farming techniques among growers in Africa to boost market growth
9.5.3 RUSSIA
9.5.3.1 Presence of large-sized farms to create attractive opportunities for precision farming technology providers in Russia
10 COMPETITIVE LANDSCAPE (Page No. - 156)
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 145 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL FOCUS
10.2.3 MANUFACTURING FOOTPRINT
10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
10.3 MARKET SHARE ANALYSIS: PRECISION FARMING MARKET, 2021
TABLE 146 PRECISION FARMING MARKET: DEGREE OF COMPETITION, 2021
10.4 5-YEAR COMPANY REVENUE ANALYSIS
FIGURE 35 5-YEAR REVENUE PRECISION FARMING MARKET ANALYSIS OF TOP FIVE PLAYERS IN MARKET
10.5 COMPANY EVALUATION QUADRANT
10.5.1 STAR
10.5.2 EMERGING LEADER
10.5.3 PERVASIVE
10.5.4 PARTICIPANT
FIGURE 36 PRECISION FARMING COMPANY EVALUATION QUADRANT, 2021
10.5.5 COMPANY FOOTPRINT
TABLE 147 OVERALL COMPANY FOOTPRINT
TABLE 148 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS OFFERINGS
TABLE 149 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS APPLICATIONS
TABLE 150 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS
10.6 START-UP/SME EVALUATION MATRIX
TABLE 151 LIST OF START-UPS IN MARKET
10.6.1 PROGRESSIVE COMPANY
10.6.2 RESPONSIVE COMPANY
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
FIGURE 37 PRECISION FARMING MARKET, STARTUP/SME EVALUATION MATRIX, 2021
10.7 COMPETITIVE SITUATIONS AND TRENDS
10.7.1 PRODUCT LAUNCHES
TABLE 152 PRODUCT LAUNCHES, 2020–2021
10.7.2 DEALS
TABLE 153 DEALS, 2020–2021
11 COMPANY PROFILES (Page No. - 173)
11.1 INTRODUCTION
11.2 KEY PLAYERS
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, MnM View)*
11.2.1 DEERE & COMPANY
TABLE 154 DEERE & COMPANY: COMPANY SNAPSHOT
FIGURE 38 DEERE & COMPANY: COMPANY SNAPSHOT
11.2.2 TRIMBLE
TABLE 155 TRIMBLE: COMPANY SNAPSHOT
FIGURE 39 TRIMBLE: COMPANY SNAPSHOT
11.2.3 AGCO CORPORATION
TABLE 156 AGCO CORPORATION: COMPANY SNAPSHOT
FIGURE 40 AGCO CORPORATION: COMPANY SNAPSHOT
11.2.4 RAVEN INDUSTRIES
TABLE 157 RAVEN INDUSTRIES: COMPANY SNAPSHOT
FIGURE 41 RAVEN INDUSTRIES: COMPANY SNAPSHOT
11.2.5 AGJUNCTION
TABLE 158 AGJUNCTION: COMPANY SNAPSHOT
FIGURE 42 AGJUNCTION: COMPANY SNAPSHOT
11.2.6 AG LEADER TECHNOLOGY
TABLE 159 AG LEADER TECHNOLOGY: COMPANY SNAPSHOT
11.2.7 AGEAGLE AERIAL SYSTEMS
TABLE 160 AGEAGLE AERIAL SYSTEMS: COMPANY SNAPSHOT
11.2.8 TOPCON POSITIONING SYSTEMS
TABLE 161 TOPCON POSITIONING SYSTEMS: COMPANY SNAPSHOT
11.2.9 THE CLIMATE CORPORATION
TABLE 162 THE CLIMATE CORPORATION: COMPANY SNAPSHOT
11.2.10 TEEJET TECHNOLOGIES
TABLE 163 TEEJET TECHNOLOGIES: COMPANY SNAPSHOT
*Details on Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
11.3 OTHER PLAYERS
11.3.1 HEXAGON AGRICULTURE
TABLE 164 HEXAGON AGRICULTURE: COMPANY SNAPSHOT
11.3.2 AUTONOMOUS TRACTOR CORPORATION
TABLE 165 AUTONOMOUS TRACTOR CORPORATION: COMPANY SNAPSHOT
11.3.3 PRECISION HAWK
TABLE 166 PRECISION HAWK: COMPANY SNAPSHOT
11.3.4 EC2CE
TABLE 167 EC2CE: COMPANY SNAPSHOT
11.3.5 DESCARTES LABS
TABLE 168 DESCARTES LABS: COMPANY SNAPSHOT
11.3.6 CROPX TECHNOLOGIES
TABLE 169 CROPX TECHNOLOGIES: COMPANY SNAPSHOT
11.3.7 FARMERS EDGE
TABLE 170 FARMERSEDGE: COMPANY SNAPSHOT
11.3.8 GROWNETICS
TABLE 171 GROWNETICS: COMPANY SNAPSHOT
11.3.9 CROPIN TECHNOLOGY
TABLE 172 CROPIN TECHNOLOGY: COMPANY SNAPSHOT
11.3.10 GAMAYA
TABLE 173 GAMAYA: COMPANY SNAPSHOT
11.3.11 KUBOTA
TABLE 174 KUBOTA: COMPANY SNAPSHOT
11.3.12 CNH INDUSTRIAL
TABLE 175 CNH INDUSTRIAL: COMPANY SNAPSHOT
11.3.13 DICKEY-JOHN
TABLE 176 DICKEY-JOHN: COMPANY SNAPSHOT
11.3.14 TELUS AGRICULTURE
TABLE 177 TELUS AGRICULTURE: COMPANY SNAPSHOT
11.3.15 THE YIELD TECHNOLOGY SOLUTION
TABLE 178 THE YIELD TECHNOLOGY SOLUTION: COMPANY SNAPSHOT
12 APPENDIX (Page No. - 225)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATION
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved four major activities for estimating the size of the precision farming market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with the industry experts across the value chain of the precision farming market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.
Secondary Research
The research methodology that has been used to estimate and forecast the size of the precision farming market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. The secondary research referred to for this research study involves magazines, journals, and AgTech associations. Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the precision farming market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the precision farming market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply-side players across key regions, namely, Americas, Europe, Asia Pacific, and Middle East, Africa, and South America. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.
Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of precision farming market and its segments. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research
- The supply chain and the size of the precision farming market, in terms of value, have been determined through primary and secondary research processes
- Several primary interviews have been conducted with key opinion leaders related to precision farming market including key OEMs, IDMs, and Tier I suppliers
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size
Global Precision Farming Market Size: Bottom-up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the precision farming market.
Report Objectives
- To describe and forecast the precision farming market size, in terms of value, based on offering, technology, Application and Geography.
- To describe and forecast the precision farming market size, in terms of value, for various segments with respect to 4 key regions, namely, Americas, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
- To provide a detailed overview of the precision farming value chain
- To strategically profile the key players and comprehensively analyze their market ranking in terms of revenue and core competencies2
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the precision farming market
- To map competitive intelligence based on company profiles, strategies of key players, and game-changing developments such as product launches, partnerships, collaborations, and agreements undertaken in the precision farming market
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of precision farming market
- Estimation of the market size of the segments of the precision farming market based on different subsegments
Generating Response ...
Growth opportunities and latent adjacency in Precision Farming Market
Penetration of IoT and AI technologies in agriculture is increasing at rapid pace. Every year we are witnessing a large number of startups enetering this space. Does your report covers startups data and strategies adopted by them ?
Automated Guidance steering, GPS, and remore sensing are playing critical role in automation of farm machinery and increasing productivity of farms. Does your report cover agricultural machinery automation data and their adoption trend?
What is the future of Precision Farming in terms of Technology? What are the companies working on?
I would require some market analysis, data and figures about the current and forecasted oeriod for precision agriculture market
I need the detail of how many farmers have adopted precision farming and the results of the precision farming market when it comes out.
Have you included eastern European countries in your analysis. My focus is on major players in Estern Europe and Africa. What data you can provide?
I would like to know the number of devices sold for both crop and livestock related precision Ag hardware, not just the dollar value of the market size.