precision farming market size

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Precision Farming Market Report-Forecast 2022
Precision Farming Market Report- Forecast
2022
P a g e 1 Copyright 2017
Market Research Future.
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Precision Farming Market Report- Forecast 2022
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Precision Farming Market Report- Forecast
2022 Summary Precision Farming or Precision
Agriculture is a process of identification and
management of variability of any farm and
variability of productivity. There are various
factors such as soil, weather, water and
vegetation which varies from place to place and
these factors also plays very vital role in crop
growth and farming success. Most of the farmers
are aware of this but they lacked the tools to
measure and manage these variations. Thus, it
has been found in various studies that, precision
farming can help to supply the equivalent amount
of food to the rising world population and helps
farmers to achieve a greater suitability, higher
productivity, economic benefits and
environmental protection. The major factor
driving this market is high adoption of
technologies in agriculture, need of more
efficient farming, increasing government interest
towards promotion of precision farming among
other whereas factors such as need of technical
experience along with high internment are some
of the restraints of the market. The Global
Precision Farming Market Size is expected to grow
at US 7 billion by end of forecast period with
compound annual growth rate of 12.
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• Precision Farming Market Report- Forecast 2022
• Major Key Players
• AGCO Corporation (U.S.)
• Deere Company (U.S.)
• AG Leader Technology (U.S.)
• AgEagle Aerial Systems (U.S.)
• Aglytix Inc. (U.S.)
• AgGateway (U.S.)
• Precision Planting (U.S.)
• AgJunction Inc. (U.S.)
• Agribotix (U.S.)
• Dickey-John Corporation (U.S.)
• Raven Industries,
• Topcon Positioning Systems, Inc.
• AquaSpy, CropMetrics
• Farmobile, Granular
• IBM Watson

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Precision Farming Market Report- Forecast 2022
Segmentation The Precision Farming market has
been segmented on the basis of- By Components -
Hardware (Displays, Sensors, Drones, GPS Systems,
Mobile Devices among others), Software (On
Cloud, On Premise) and Service (Managed Services
and Professional Services) By Application -
Yield mapping, Quality mapping, Soil properties
analysis, Inventory Management, Labor
management, Crop Scouting among others.
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Precision Farming Market Report- Forecast 2022
Regional Analysis North America is dominating
the market of Precision Farming. High technology
adoption and development in the field of
agriculture is the main factor helping the
market to grow. Also, presence of top global
players in U.S. and Canada is giving competitive
advantage to the North America. Europe stands as
second biggest market in terms of revenue
generation. Countries such as U.K., Germany, and
France are some of the leading in Europe region
also, government of these countries is supporting
the technology adoption in agriculture, helping
the market of precision farming to grow.
Asia-Pacific has emerged as fastest growing
market. Countries such as China and India where
most of the population is dependent on
agriculture are opening to accept the new
technologies in their farming process leading to
high demand for the precision farming
equipments.
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Precision Farming Market Report- Forecast 2022
(Germany) are focusing on the digital utilities
transformation.