Precision Farming Market size predicted to grow with 10% CAGR by 2023

1
Precision Farming Market size predicted to grow
with 10 CAGR to hit USD 5 billion by 2023
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Precision Farming Market

• The U.S is predicted to significantly contribute
  towards global market size from 2016 to 2023.
• Asia Pacific and Europe precision farming market
  share is projected to witness substantial growth
  prospects as these regions are now in early
  adoption stages.
• Asia Pacific is expected to record highest the
  growth rate from 2016 to 2023.

3
Application Analysis of Precision Farming
Market

• Rapid advancements in data management are
  expected to significantly impact precision
  farming market share from 2016 to 2023. Advent of
  sophisticated technologies such as geo-location
  tracking enables in detecting operational
  efficiency.
• Also known as satellite farming or site specific
  crop management, precision farming helps in cost
  optimization by reducing labor as well as input
  cost.
• This system offers potential benefits to the
  farmers by providing precise information
  regarding planting as well as harvesting.
• It also suggests right quantities of fertilizers
  and pesticides to be applied, and thus plays a
  vital role in yielding high production. Growing
  innovation in this sector is likely to benefit
  numerous farmers on a global scale.

4
Competitive Market Share of Precision Farming
Market

• Precision farming ecosystem involves sensors
  manufacturers, satellite service providers,
  components, research organizations, OEMs, end
  users and distributors suppliers.
• Key industry participants accumulating
  significant precision farming market share
  include John Deere, Ag Junction, Raven
  Industries, AGCO, Trimble Navigation, Precision
  Planting, AG Leader Technology, SST Development
  Group, Topcon Precision Agriculture, and TeeJet
  Technologies.

5

Browse Full Market Research Report On Precision
Farming Market _at_ https//www.gminsights.com/indus
try-analysis/precision-farming-market- Request
for an in-depth table of contents for this report
_at_ https//www.gminsights.com/roc/227
6
Stay In Touch Website www.gminsights.com Soci
al Media