The global Precision Agriculture Market is expected to reach USD 16.06 Billion by 2027, according to a new report by Emergen Research. Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics.Yield monitoring is the most widely used application in precision agriculture as it plays a vital role in understanding field variability and helps farmers in maximizing their farm yields.
Increasing usage of IoT in the agriculture sector is contributing to the growth of the precision agriculture market.Precision Agriculture Market Size – USD 6.19 billion in 2019, Market Growth - CAGR of 12.7%, Market trends – New product launches.
Browse Detailed Summary of Research Report with TOC : https://www.emergenresearch.com/industry-report/precision-agriculture-market
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
Another factor contributing to the growth of the market is the extensive use of drones and aircraft for precision agriculture operations. 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.
Precision Agriculture Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the Precision Agriculture
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.
The Precision Agriculture Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Radical Highlights of the Precision Agriculture Market Report:
- Comprehensive overview of the Precision Agriculture market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Precision Agriculture market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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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:
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Automation Control Systems
- Guidance Steering
- GPS GNSS
- Drones, UAV Cameras
- Sensing and Monitoring Device
- Yield Monitors
- Soil Sensors
- Water Sensors
- Climate Sensors
- Automation Control Systems
- Consulting training
- Maintenance update
- Managed Service
- Other Services
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Guidance Technology
- Remote Sensing
- Variable-Rate Technology
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Financial Management
Why choose emergen research ?
- Extensive market scope covering all major offerings in the ecosystem
- In-depth analysis for all the countries covered in each report
- Current and upcoming trends impact analysis
- Robust Research Methodology
- Comprehensive Reports
- Latest Technological Developments
Key regions covered in the report:
- North America
- Asia Pacific
- Latin America
- Middle East Africa
Some of the key questions answered in this report:
- What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of Precision Agriculture market ?
- Who are the global key manufacturers of the Precision Agriculture market ? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Precision Agriculture Market opportunities and threats faced by the vendors in the global Precision Agriculture market ?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
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