Precision Agriculture market

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Precision Farming/Agriculture Market To Reach USD
14.1 Billion By 2026 With 12.7 CAGR
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Market Summary
Increasing usage of IoT in the agriculture sector
is contributing to the growth of the precision
Farming/Agriculture market. Farm managers
producers are leveraging the capabilities of the
IoT devices, such as sensors, GPS GNSS systems,
and automated steering systems, for soil
sampling, temperature monitoring, filed mapping,
irrigation management, and several other
applications Market Size USD 5.3 Billion in
2018, Market Growth - CAGR of 12.7, Market
Trends New product launches and increasing
usage of IoT in Farming/Agriculture practices
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Our Approach
Market Summary

• 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.
• Precision Farming/Agriculture is swiftly gaining
  popularity among farmers due to the increasing
  need for optimum production with the given
  resources. Further, the changing weather patterns
  due to increasing global warming have
  necessitated the adoption of advanced
  technologies to enhance the productivity and crop
  yield. Another factor contributing to the
  precision Farming/Agriculture market growth is
  the huge use of drones and aircrafts for
  precision Farming/Agriculture operations.
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Our Approach
Market Summary

• Further key findings from the report suggest
• Precision Farming/Agriculture market in North
  America was the largest with a share of 2 in
  2018. The market here is projected to grow at a
  CAGR of 11.0 during the forecast period.
• The increasing adoption of efficient and
  sustainable Farming/Agriculture practices to
  ensure food security is one of the primary
  factors contributing to the use of precision
  Farming/Agriculture techniques in the agriculture
  sector.
• In 2018, the U.S. precision Farming/Agriculture
  market sales grew to USD 1.3 billion, at a CAGR
  of 9.3 during the forecast period.
• The Asia-Pacific region is projected to be the
  fastest growing market during the forecast
  period, growing at a CAGR of 18.7. Presence of
  countries with the largest population, rising
  demands for food products, and the need to
  enhance farm output drive the demand for
  precision Farming/Agriculture techniques in the
  region.
• The hardware segment dominated the market in
  terms of revenue in 2018 and is expected to
  remain dominant over the forecast period. The
  hardware segment was valued at USD 3.7 billion in
  2018.
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Our Approach
Market Summary

• Key participants 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)..
• 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 20162026)
• Hardware
• Automation Control Systems
• Display
• Guidance Steering
• GPS GNSS
• Drones, UAV Cameras
• Others

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Our Approach
Market Summary

• Technology (Revenue, USD Million 20162026)
• Guidance Technology
• Remote Sensing
• Variable-Rate Technology
• Application (Revenue, USD Million 20162026)
• Yield Monitoring
• Field Mapping
• Crop Scouting
• Weather Tracking Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management
• Financial Management
• Others
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About Us
Our Approach
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