How AI Helps In Precision Farming, Connected Farm Experience & Better Crop Yield

Precision farming is the precise application of agricultural inputs with respect to weather, soil, and crop to improve quality and productivity. Advancements in technology for the agriculture sector is one of the primary reasons that are impacting the growth of the precision farming market. North America is expected to hold a significant share of the market owing to the technologically advanced region and a large number of players operating in the region.

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Top Key Players: Ag Leader Technology, AGCO Corporation., AgEagle Aerial Systems Inc, AgJunction, Deere & Company, Raven Industries, Inc., TARANIS, Teejet Technologies, Topcon Corporation, Trimble Inc.

The increasing demand for agriculture products, the growing popularity of VRT, and sensing technologies among farmers and various advantages such as higher yields, better quality, and cost-cutting are some of the significant factors driving the growth of the precision farming market. However, the high cost of precision farming and limited technical knowledge are the major factors which may restrain the growth of the precision farming market.

The Global Precision farming Market is segmented on the basis of technology, offering, and application. On the basis of technology, the market is segmented as guidance, VRT, remote sensing. On the basis of offering, the market is segmented as bifurcated hardware, software, and services. On the basis of application, the market is segmented as crop scouting, field mapping, variable rate application, inventory management, others.

Source: The Insight Partners