Precision agriculture is a contemporary agricultural technology that gathers crucial field knowledge using a range of technologies such as GPS, GIS, and remote sensing. The location also has sensors that detect temperature, nutritional level, and soil moisture. By automating important operations, the technology eliminates manual human efforts such as control and knowledge sharing. The growing number of telematics applications in agriculture is expected to fuel demand for precision farming throughout the forecast period (2022-2029).
Precision Farming Market size was valued at US$ 7.58 Billion in 2021 and the total precision farming revenue is expected to grow at 12.9% through 2022 to 2029, reaching nearly US$ 20.02 Billion.
Precision Farming Market Overview:
Precision Farming The market research report explores and evaluates the market's position during the predicted period. It is in-depth study focusing on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The research also looks at notable individuals, large collaborations, mergers and acquisitions, as well as contemporary innovation and corporate strategy.
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Precision Farming Market Scope:
We examined the Precision Farming Market from every angle conceivable, including both primary and secondary research approaches. This improved our grasp of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and customer behaviours. Following that, the data is collated and evaluated using a variety of market estimation and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
Following the completion of market engineering, which comprised market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information to verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Precision Farming Market Segmentation:
By Offering: Hardware, software, and services comprise the further sub-segments of the precision farming market. The market for precision agriculture equipment is anticipated to reach its peak in 2029. Hardware, software, and services make up the three segments that make up the precision farming market. Hardware held the largest market share in 2021 as a result of the widespread use of automation and control devices, including drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors.
Precision Farming Market Key Players:
• Deere & Company
• AGCO Corporation
• Trimble
• Raven Industries
• Topcon Positioning
• AgJunction
• Observant
• Granular Inc
• Agrivi Ltd.
• Monsanto Company
• Dickey-John Corporation
• Ag Leader Technology
• CNH Industrial NV
• SST Development Group.
• Trimble Navigation Limited
• Tetra Laval Holdings B.V.
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Secondary research is used to identify industry leaders, and primary research is utilised to estimate market revenue. In-depth interviews with important thought leaders and industry experts, such as seasoned front-line staff and marketing personnel, were conducted as part of the main research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line employees, CEOs, and marketing personnel. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study.. The players highlighted in this report are as follows:
Regional Analysis:
The study covers both qualitative and quantitative data and offers a comprehensive look into the Precision Farming industrial sector by area. It gives an overview and forecast of the worldwide Precision Farming market by segment. It also forecasts and predicts market sizes for five important regions between 2021 and 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Precision Farming market is further subdivided into regions and sectors. The research examines and forecasts a wide range of countries, as well as existing industry trends and prospects.
COVID-19 Impact Analysis on Precision Farming Market:
We investigated and analyzed the Precision Farming Business Expansion Strategy post-COVID-19, using organisational strategic analysis, landscape, category, utilization, and leading countries to encapsulate and analyze the Precision Farming industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial firms a strategic analysis of the impact of COVID-19. Simultaneously, this study assessed significant countries' markets and highlighted their market potential in post-pandemic scenarios.
Key Questions Answered in the Precision Farming Market Report are:
Which product categories, End Users, and Regions provide the most potential high-growth possibilities in the worldwide Precision Farming sector?
Which Precision Farming market categories will grow the most rapidly, and why?
Which regions will have the most rapid development, and why?
What are the main factors impacting Precision Farming market dynamics? What are the main drivers and challenges in the Precision Farming market?
What are the Precision Farming market's vulnerabilities and threats?
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