Global Precision Agriculture Market is projected to reach USD 7.29 billion by 2021
Global Precision Agriculture Market by Technology, by Application, by Offering, Crop Scouting Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
(EMAILWIRE.COM, September 21, 2017 ) The Global Precision Agriculture Market was worth USD 3.67 billion in 2016 and is estimated to be growing at a rate of 14.7%, to reach USD 7.29 billion by 2021. Precision agriculture is one of the advanced farming techniques that involve the use of technologies such as Global Positioning System, remote sensing and Geographic Information system to gather information from the fields and make better decisions in the use of resources.
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Precision agriculture reduces the majority of human efforts on the field by automation. With the use of installed sensors in the field, measurement of temperature, soil humidity and nutritional level of soil can be measured and shared with the farmers. This enables the farmer to get better yields with optimized use of resources and wastage. All this technology can be accessed by farmers through their smartphones or PCs.
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Increasing use of cloud-based technology, growing trend of application of technology in farming to minimize the losses and human efforts, increasing use of smartphones are the major factors driving the precision agriculture market. The ease of operation of the technology and the need to maximize the production of food are also driving the growth of the market. However, high initial investment for the installation of sensors and GPS system, lack of proper awareness amongst farmers about the benefits of precision agriculture and inexperience in using technology are the major factors restraining the market.
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Market Segmentation
Offering
• Hardware
o Automation & Control System
Guidance & Steering
Drones/UAV
Display
GPS/GNSS System
Mobile Devices/Handheld Computers
Flow and Application Control Devices
Others
• Sensing and Monitoring Devices
o Yield Monitors
o Soil Sensors
Nutrient Sensors
Moisture Sensors
Temperature Sensors
o Water Sensors
o Climate Sensors
o Others
• Software
o Web based
o Cloud based
• Services
o System Integration and Consulting
o Managed Services
Farm Operation Services
Data Services
Analytics Services
o Assisted Professional Services
Supply Chain Management Services
Climate Information Services
Others
o Connectivity Services
o Maintenance and Support Services
• Y-o-Y Growth Analysis, By Offering
• Market Attractiveness Analysis, By Offering
• Market Share Analysis, By Offering
Technology
• Remote Sensing
o Handheld
o Satellite Sensing
• Guidance System
o Geographical Information System (GIS)
o Global Positioning System (GPS)
• Variable Rate Technology
o Sensor-Based
o Map Based
o Some Major Applications of Vrt
• Y-o-Y Growth Analysis, By Technology
• Market Attractiveness Analysis, By Technology
• Market Share Analysis, By Technology
Application
• Yield Monitoring
o On-Farm Yield Monitoring
o Off-Farm Yield Monitoring
• Field Mapping
o Boundary Mapping
o Drainage Mapping
Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management
• Financial Management
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application
Based on Region, the global precision farming market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa regions. North America dominated the market due to the increasing adoption of technology in farming in this region followed by Europe. Asia-Pacific is the fastest growing market segment as this region has the largest agricultural land and huge population base.
Some of the major companies in the precision agriculture market are Deere & Company (U.S.), Trimble, Inc. (U.S.), and Leica Geosystems (Switzerland), AJ Junction, Inc. (U.S.), Monsanto Company, AgSmarts Inc., CropMetrics LLC and Dickey-John Corporation.
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Browse Full Report @ http://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/
Precision agriculture reduces the majority of human efforts on the field by automation. With the use of installed sensors in the field, measurement of temperature, soil humidity and nutritional level of soil can be measured and shared with the farmers. This enables the farmer to get better yields with optimized use of resources and wastage. All this technology can be accessed by farmers through their smartphones or PCs.
Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/request-sample
Increasing use of cloud-based technology, growing trend of application of technology in farming to minimize the losses and human efforts, increasing use of smartphones are the major factors driving the precision agriculture market. The ease of operation of the technology and the need to maximize the production of food are also driving the growth of the market. However, high initial investment for the installation of sensors and GPS system, lack of proper awareness amongst farmers about the benefits of precision agriculture and inexperience in using technology are the major factors restraining the market.
Avail Discount @ http://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/request-discount
Market Segmentation
Offering
• Hardware
o Automation & Control System
Guidance & Steering
Drones/UAV
Display
GPS/GNSS System
Mobile Devices/Handheld Computers
Flow and Application Control Devices
Others
• Sensing and Monitoring Devices
o Yield Monitors
o Soil Sensors
Nutrient Sensors
Moisture Sensors
Temperature Sensors
o Water Sensors
o Climate Sensors
o Others
• Software
o Web based
o Cloud based
• Services
o System Integration and Consulting
o Managed Services
Farm Operation Services
Data Services
Analytics Services
o Assisted Professional Services
Supply Chain Management Services
Climate Information Services
Others
o Connectivity Services
o Maintenance and Support Services
• Y-o-Y Growth Analysis, By Offering
• Market Attractiveness Analysis, By Offering
• Market Share Analysis, By Offering
Technology
• Remote Sensing
o Handheld
o Satellite Sensing
• Guidance System
o Geographical Information System (GIS)
o Global Positioning System (GPS)
• Variable Rate Technology
o Sensor-Based
o Map Based
o Some Major Applications of Vrt
• Y-o-Y Growth Analysis, By Technology
• Market Attractiveness Analysis, By Technology
• Market Share Analysis, By Technology
Application
• Yield Monitoring
o On-Farm Yield Monitoring
o Off-Farm Yield Monitoring
• Field Mapping
o Boundary Mapping
o Drainage Mapping
Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management
• Financial Management
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application
Based on Region, the global precision farming market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa regions. North America dominated the market due to the increasing adoption of technology in farming in this region followed by Europe. Asia-Pacific is the fastest growing market segment as this region has the largest agricultural land and huge population base.
Some of the major companies in the precision agriculture market are Deere & Company (U.S.), Trimble, Inc. (U.S.), and Leica Geosystems (Switzerland), AJ Junction, Inc. (U.S.), Monsanto Company, AgSmarts Inc., CropMetrics LLC and Dickey-John Corporation.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results