Global Variable Rate Technology Market worth 2.24 Billion USD by 2022

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MarketsandMarkets Presents

Variable Rate Technology Market worth 2.24
Billion USD by 2022
http//www.marketsandmarkets.com/Market-Reports/va
riable-rate-technology-market-178591689.html
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Browse 75 Market Data Tables and 41 Figures
spread through 151 Pages and in-depth TOC
on "Variable Rate Technology (VRT) Market by
Type, Offering, Crop Type (Cereals Grains,
Oilseeds Pulses, and Fruits Vegetables),
Application Method (Map-based and Sensor-based),
Farm Size (Large, Mid-sized, Small), and Region -
Global Forecast to 2022 http//www.marketsandmar
kets.com/Market-Reports/variable-rate-technology-m
arket-178591689.html "Variable Rate Technology
(VRT) Market by Type, Offering, Crop Type
(Cereals Grains, Oilseeds Pulses, and Fruits
Vegetables), Application Method (Map-based and
Sensor-based), Farm Size (Large, Mid-sized,
Small), and Region - Global Forecast to 2022",
The variable rate technology market was valued at
USD 1.31 Billion in 2016. It is projected to grow
at a CAGR of 9.65 from 2017, to reach 2.24
Billion by 2022. Download PDF Brochure
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d178591689
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Seeding VRT is estimated to account for the
largest share in 2017 Variable rate seeding is
being increasingly used by growers for reducing
seed costs and maximization of yield by
optimizing seeding rates according to field
variability. Seeding is the basic functionality
of any VRT system and is also the cheapest. Thus,
growers adopting VRT mostly start with seeding
VRT. For this reason, the seeding VRT segment is
estimated to dominate the market. The oilseeds
pulses segment is projected to be the
fastest-growing during the forecast period The
oilseeds pulses segment is projected to grow at
the highest CAGR of from 2017 to 2022, due to
increased usage of VRT in soybean and cotton.
Soybean is an important global crop which finds
major usage in animal feed. Population growth and
increase in per capita meat consumption will
continue to drive the demand for soybean
production in the future. Cotton is the basic
resource for thousands of consumer and industrial
products manufactured in the U.S. and throughout
the world, and the contribution made by cotton to
the food and fiber industry continues to grow in
importance. Thus, the use of VRT in oilseeds
pulses is expected to grow significantly. North
America, the largest market for variable rate
technology North America is estimated as the
largest contributor to the global variable rate
technology market due to early adoption of
variable rate technologies by countries in this
region such as the U.S. and Canada. The presence
of a large number of vendors, continuous
advancements in technology, and reduced price of
equipment are contributing to the growth of the
variable rate technology market in North
America. http//www.marketsandmarkets.com/Market-R
eports/variable-rate-technology-market-178591689.h
tml
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• Scope of the reportgtgt
• On the basis of Type, the variable rate
  technology market has been segmented as follows
• Fertilizer VRT
• Crop protection chemical VRT
• Soil sensing VRT
• Seeding VRT
• Yield monitor VRT
• Irrigation VRT
• Others (weed control VRT and lime VRT)
• On the basis of Crop Type, the variable rate
  technology market has been segmented as follows
• Cereals grains
• Oilseeds pulses
• Fruits vegetables
• Others (turf ornamentals, plantation crops,
  fiber crops, and silage forage crops)
• On the basis of Application Method, the variable
  rate technology market has been segmented as
  follows
• Map-based VRT
• Sensor-based VRT

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