Precision Farming Market Opportunities, Growth Potential, Demand, Future Estimations, Statistics and Forecast 2020-2030

Precision farming can be very helpful in the management of the crop production with very low damage to environment.


Precision Farming Market Highlights

Precision farming can be very helpful in the management of the crop production with very low damage to environment. By the use of site-specific knowledge, precision farming can be helpful in the division of fertilizer, seed and chemicals for the soil and in the other conditions. Precision farming collects information and knowledge from the field by the deep analysis of the every aspects of farming. A study shows that precision farming can be very helpful in the long-term sustainability of farming and can reduce the environment damage by providing the fertilizers and pesticides only when the crops and soil needs it. Use of precision farming may help in reduction of losses caused by nutrient imbalance, insect damages and many other factors.

An on-farm trial conducted in Argentina provided an example of how on-site information and variable rates could be used to maintain the profitability while reducing the many application. Results of this trial also showed that precision farming is a modesty more profitable than the whole field management.

Precision farming method incorporate modern technologies for the fertilizer application along with the land leveling, crop protection, irrigation. Other agronomic techniques are being helpful to the farmers for increasing yields with the lower damage to the environment and low pollution. To reduce the greenhouse gases associated with traditional irrigation system, waterharvesting and terrace farming system can be very helpful.

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Key Players:

The prominent players identified in the Precision Farming Market of Precision Farming are- AGCO Corporation (U.S.), Deere Company (U.S.), AG Leader Technology (U.S.), AgEagle Aerial Systems (U.S.), Aglytix Inc. (U.S.), AgGateway (U.S.), Precision Planting (U.S.), AgJunction Inc. (U.S.), Agribotix (U.S.), Dickey-John Corporation (U.S.) among others. Some other players in this market are- Raven Industries, Topcon Positioning Systems, Inc., AquaSpy, CropMetrics, Farmobile, Granular, IBM Watson among others.

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Market Segmentations

Precision Farming Market, By Type

Control frameworks and automation right now address the central portion as they help offer dependable, diminishing work costs and reliable execution, improving productivity just as the Precision of horticultural tasks. Sensory and Monitoring Devices, Farm Management Systems

Precision Farming Market, By Application

According to the Precision Farming Market’s application, Crop Scouting, Yield Monitoring, Soil Monitoring, Precision Irrigation, and others.

Yield monitoring is the most significant application region and helps estimate record data dependent on grain stream, grain dampness, and covered farm region.

Precision Farming Market, By Component

Precision Farming Market by technology and component the market is segmented into Hardware and software. Because of the segment, equipment is the main fragment since the continuous development in innovation has brought about new gadgets with better area and information preparing capacities.

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Precision Farming Market– Geographical Analysis

The global Precision Farming Market is dominated by North America. U.S. holds largest market share in North America followed by Canada. The main factor which supports this is presence of key companies in this region which gives North America a competitive advantage over other countries. Also government of North America countries are promoting use of advance technology in the agriculture for low emission of greenhouse gases into environment. North America is also technologically advance country as compare to other countries which also gives a lead. Europe stands as second biggest Precision Farming Market.

Presence of developed nations such U.K. Germany, France and Italy generates most of the revenue in segment of precision farming in Europe. Also, farming culture in Europe is very rich and farmers are adopting new technologies to maximize their yield and profits. Growing application areas of precision farming is leading to wide adoption in the Europe region. Asia-Pacific has emerged as fastest growing market for the precision market. Growing economy of Asian countries such as China and India and high dependency on agriculture are some of the factors which is supporting the adoption of precision farming in Asia-Pacific.