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Precision Agriculture Market Analysis, Share, Company Profiles and Forecast by 2027

Written by afrin123

The Global Precision Agriculture  Market Research Report published by  Emergenresearch has been formulated by analysis of key business details and extensive geographical spread of the Precision Agriculture  industry. The software segment is anticipated to witness a high growth rate of 12.4% over the forecast period. Another factor contributing to the growth of the market is the extensive use of drones and aircraft for precision agriculture operations.. Another driving factor of the market is the growing use of cloud-based technology, rising use of smartphones, and the increasing application of technology in agriculture with the aim of minimizing the human efforts and losses. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies. As the agricultural sector is vulnerable to disruptive weather events, the demand for actionable & timely information increases.

The study offers comprehensive coverage of the qualitative and quantitative analysis of the Precision Agriculture  market along with crucial statistical data about the Precision Agriculture  market .The current COVID-19 pandemic is expected to have an effect on the growth of the Precision Agriculture  industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. Additionally, the need to maximize food production by the optimum use of resources is spurring market growth globally. Increasing usage of IoT in the agriculture sector is contributing to the growth of the precision agriculture market. Drones have emerged as an excellent alternative to the traditional surveying & data gathering methods in agricultural operations. By using drones for crop monitoring, farm owners can significantly lower their production costs and reduce required man-hours and work-load.The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Precision Agriculture  industry.

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Key participants include AG Leader Technology, Deere & Company, Trimble, AGCO Corporation, Raven Industries, AgJunction, SST Development Group, Cropmetrics, Dickey-john Corporation, Topcon Positioning Systems, among others.

For the purpose of this report, Emergen Research has segmented into the global Precision Agriculture Market on the basis of component, technology, application, and region:

Application Outlook (Revenue, USD Billion; 2017-2027)

Yield Monitoring

Field Mapping

Crop Scouting

Weather Tracking & Forecasting

Irrigation Management

Inventory Management

Farm Labor Management

Component Outlook (Revenue, USD Billion; 2017-2027)

Hardware

Automation & Control Systes

Displays

Guidance & Steering

GPS & GNSS

Drones, UAV & Cameras

Others

Component Outlook (Revenue, USD Billion; 2017-2027)

Hardware

Automation & Control Systems

Displays

Guidance & Steering

GPS & GNSS

Drones, UAV & Cameras

Others

Sensing and Monitoring Device

Yield Monitors

Soil Sensors

Water Sensors

Climate Sensors

Software

Services

Consulting & training

Maintenance & update

Integration

Managed Service

Other Services

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The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The research provides answers to the following key questions:

What will be the estimated size of the PRECISION AGRICULTURE  market during the forecast period 2020 to 2027? What will be the market share and growth rate of the PRECISION AGRICULTURE  industry during the estimated period?

Who are prominent market players in the PRECISION AGRICULTURE  market? How have they managed to stay ahead in the competition?

What are the key driving forces impacting the development rate of the PRECISION AGRICULTURE  market across different regions?

Which factors are restricting the growth of the PRECISION AGRICULTURE  market worldwide?

Market Taxonomy:

Chapter 1: Methodology & Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2:

Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends

Chapter 3:

Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape
  • Strategic Outlook

For more informative information, please visit : https://www.emergenresearch.com/industry-report/precision-agriculture-market

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