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Precision Agriculture market


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Title: Precision Agriculture market

Precision Farming/Agriculture Market To Reach USD
14.1 Billion By 2026 With 12.7 CAGR
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
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
  • 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
  • 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
  • To identify the key trends in the industry, click
    on the link below https//

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
  • 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
  • Drones, UAV Cameras
  • Others

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
About Us
  • Reports and Data is a market research and
    consulting company that provides syndicated
    research reports, customized research reports,
    and consulting services. Our solutions purely
    focus on your purpose to locate, target and
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    intelligence studies ensuring relevant and
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    Power, and Energy. We consistently update our
    research offerings to ensure our clients are
    aware about the latest trends existent in the
    market. Reports and Data has a strong base of
    experienced analysts from varied areas of
  • Contact Us
  • John Watson
  • Head of Business Development
  • Reports And Data Web
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