July 21, 2020

Precision Farming/Agriculture Market Cost Structures, Growth rate and Industry Analysis to 2027

The Precision Farming/Agriculture Market report takes a holistic approach to the market and gives market insights, historical analysis, and verifiable projections pertaining to the market size in the forecast duration. The estimations derived in this report are deduced by employing precise analytical tools, research methodologies, estimates, and reliable data sources. The information offered in the report makes it an exhaustive database for all facets of the market categorized into product types, applications, end-user industries, prominent manufacturers, technology, and regional markets.

This report covers the recent COVID-19 incidence and its impact on Precision Farming/Agriculture. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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This high growth is mainly attributable to an increasing usage of GPS & GIS systems to monitor agricultural parameters. These field mapping systems help to gather real-time data and enable the analysis of a huge geospatial data set. These systems facilitate field mapping, soil sampling, and farm planning and help farmers to adopt effective soil or plant treatment strategies, increasing farm production. In addition, sensors are placed throughout the field that measure temperature, nutrition level and humidity of the soil. Therefore, the technology eliminates manual human efforts by automating crucial processes including real-time farm monitoring and information sharing.

In market segmentation by manufacturers, the report covers the following companies

Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), The Climate Corporation (US), Descartes Labs (US), ec2ce (Spain), Gamaya (Switzerland), Decisive Farming/Agriculture (Canada).

The market intelligence study outlines essential details of the market and the leading companies that hold a substantial portion of the global sector. Apart from this, the report also gives descriptive company profiles, including vital data relating to these companies.

For the purpose of this report, Reports and Data has segmented the precision Farming/Agriculture market on the basis of component, technology, application, and region:

Component (Revenue, USD Million; 2016–2026)

  • Hardware
  • Automation & Control Systems
  • Display
  • Guidance & Steering
  • GPS & GNSS
  • Drones, UAV & Cameras
  • Others
  • Sensing and Monitoring Device
  • Yield Monitors
  • Soil Sensors
  • Water Sensors
  • Climate Sensors
  • Software
  • Services
  • Consulting & training
  • Maintenance & update
  • Integration
  • Managed Service
  • Other Services

Technology (Revenue, USD Million; 2016–2026)

  • Guidance Technology
  • Remote Sensing
  • Variable-Rate Technology

Application (Revenue, USD Million; 2016–2026)

  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking & Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others

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The Precision Farming/Agriculture market intelligence study includes a separate section dedicated to crucial parameters like the pricing structure of vital feedstock and value chain analysis, along with the study of major suppliers of the raw materials. It also offers other pivotal information about the Precision Farming/Agriculture market as part of a wide-ranging analysis of the supply chain, along with other aspects like prominent distributors and the consumer base.

Regional analysis: Based on geography, the market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

How does our report help you?

1.      By providing well-researched insights based on trends observed in the sector

2.      By defining and analyzing the current market scenario

3.      By identifying promising growth prospects and growth rate of major market segments and sub-segments

4.      By examining business verticals and products available in the industry, to draw insights from the competitive dynamics of the market

5.      By undertaking effective strategic planning and industry dynamics to facilitate constructive decision-making.

The report emphasizes the following key questions:

Q.1.    What are the most lucrative and promising growth prospects for the market?

Q.2.    Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?

Q.3.    Which geographies are estimated to exhibit the highest growth and the underlying causes?

Q.4.    Which factors are impacting the future of the market and what are the driving factors?

Q.5.    What are the hurdles and challenges curtailing the industry’s growth in the forecast period?

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