Precision Farming Market

Precision Farming Market by Technology (Guidance, Remote Sensing and Variable Rate Technology), Offering, Application, and Region (Americas, Europe, Asia Pacific, Rest of the World) (2022-2030)

Report Code: SE 2831 Mar, 2022, by marketsandmarkets.com

[231 Pages Report] 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%.

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

Precision Farming Market

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COVID-19 Impact on the global precision farming market

The precision farming market 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.

Hard ware segment to hold the largest share of precision farming market During the forecast period

The precision farming market 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 precision farming 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. 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 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 precision farming 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.

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 market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

Precision Farming Market by Region

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2030

Base Year

2021

Forecast Period

2022–2030

Forecast Unit

Value (USD Million/Billion)
Volume (Thousand Units)

Segments Covered

By Offering, By Technology, By Application, and By Geography

Geographic Regions Covered

Americas, Europe, Asia Pacific, and RoW (includes Middle East, Africa, and Russia)

Companies Covered

The major players include 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).

This report categorizes the precision farming market based on offering, technology, application, and geography available at the regional and global level

By Offering

  • Hardware
  • Software
  • Services

By Technology

  • Guidance Technology
  • Remote Sensing Technology
  • Variable Rate Application

By Application

  • 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)

By Geography

  • Americas
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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
  6. 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.

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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 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 PRECISION FARMING MARKET DURING FORECAST PERIOD
    FIGURE 11 YIELD MONITORING SEGMENT HELD LARGEST SHARE, BY APPLICATION, OF PRECISION FARMING MARKET 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 PRECISION FARMING 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 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING MARKET, BY OFFERING, 2022–2030 (USD MILLION)
    6.2 HARDWARE
           TABLE 11 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 precision farming market for managed services
                               TABLE 49 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
           TABLE 60 PRECISION FARMING MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)
    7.2 GUIDANCE TECHNOLOGY
           TABLE 61 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING MARKET WEATHER TRACKING AND FORECASTING APPLICATION TO GROW AT HIGHEST CAGR FROM 2022 TO 2030
           TABLE 80 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING MARKET, BY REGION, 2022–2030 (USD MILLION)
    9.2 AMERICAS
           FIGURE 32 SNAPSHOT: PRECISION FARMING MARKET IN AMERICAS
           TABLE 109 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 PRECISION FARMING 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 precision farming 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 ANALYSIS OF TOP FIVE PLAYERS IN PRECISION FARMING 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 PRECISION FARMING 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.

Precision Farming Market Size, and Share

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

Precision Farming Market Size, and Share

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
Report Code
SE 2831
Published ON
Mar, 2022
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