North America and Europe to Dominate the Agricultural Variable Rate Technology Market

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MarketsandMarkets Presents

• North America and Europe to Dominate the
  Agricultural Variable Rate Technology Market

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Introduction

• 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. The objectives of the study are
  to define, segment, and measure the size of the
  market with respect to its type, crop type,
  application method, farm size, offering, and
  region. The report also aims to provide detailed
  information about the crucial factors influencing
  the growth of the market, strategical analysis of
  micromarkets, opportunities for stakeholders,
  details of competitive landscape, and profile of
  the key players with respect to their market
  share and competencies.
• 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.
• Request for Sample Report https//www.marketsandm
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3
Key Players

• Deere Company (U.S.)
• AGCO Corporation (U.S.)
• Trimble, Inc. (U.S.)
• CNH Industrial N.V. (U.K.)
• Topcon Corporation (Japan)
• Raven Industries, Inc. (U.S.)
• Ag Leader Technology (U.S.)
• SZ DJI Technology Co., Ltd. (China)
• Yara International ASA (Norway)

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Market Dynamics

• Drivers
• Improved Efficiency and Productivity Through
  Improved Crop Yields and Field Quality
• Favorable Government Initiatives for Adoption of
  Modern Agricultural Techniques
• Increase in Average Age of Farmers in Developed
  Countries
• Restraints
• High Initial Capital Investment
• Lack of Technical Awareness and Understanding
  Regarding Advantages of VRT Over Traditional
  Agricultural Practices

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• Opportunities
• Integration of Smartphones With Agricultural
  Hardware and Software Applications
• VRT Services Provided By Leading Market Players
  in Developing Economies
• Challenges
• Lack of Data Management Practices for Productive
  Utilization of VRT in Agriculture
• Smaller Land Holdings in Developing Economies

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Target Audience

• Variable rate technology component manufacturers
• Variable rate technology product importers and
  exporters
• Variable rate technology product traders,
  distributors, and suppliers
• Government and research organizations
• Original equipment manufacturers
• Satellite service providers
• Software, service, and technology providers
• Original equipment manufacturers
• Commercial research development (RD)
  institutions and financial institutions
• End users

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Contact Us

• Mr. Shelly Singh
• MarketsandMarkets INC.
• 630 Dundee Road
• Suite 430
• Northbrook, IL 60062
• USA 1-888-600-6441
• sales_at_marketsandmarkets.com

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