The ISOBUS Component Market is set to grow at around 10.8% CAGR during 2022-27, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry’s latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the ISOBUS Component Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2017-20, the base year 2021, and the forecast period, as cited above, is 2022-27.
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Key Highlights from the ISOBUS Component Market Analysis –
➤This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
➤Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
➤A comprehensive review of the leading companies in the ISOBUS Component Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
➤Fund estimation put in by private firms & governments for the industry’s expansion, along with insights into each segment & geographic location, are also covered in this report.
ISOBUS Component Market Growth Driver –
In the agricultural industry, multiple tools are required to complete a specific task. A variety of agricultural equipment is used in agriculture, including tractors, cultivators, harrows, seed drills, and rollers. Agriculturalists have always struggled with how to properly match & use different equipment in the field to reduce operating time & increase efficiency. The ISOBUS standard has provided a solution to this long-standing problem.
The standard allows for the management of communication between tractors, software, and equipment from other manufacturers, allowing for the exchange of data & information in a universal language via a single control console in the tractor’s cab. With the increased usage of ISOBUS-compliant equipment in the field, field workers have realized the need for ISOBUS as the standard has provided increased efficiency, productivity, and more transparency.
Need for Standardized Communication between Agricultural Equipment–
ISOBUS is a remarkable invisible feature of agricultural mechanization. The new IT systems installed on tractors and farm implements allow for complete management and control of all work phases in the agriculture industry. A strong invisible network now rules agriculture, and most farmers are inclined toward smart farming, which is trending globally. Electronics in tractors and other machinery and equipment are revolutionizing agricultural operations by managing machines and connecting the operator to mechanical methods.
Technologies like TIM and Tractor-Implement Management enable not only the operator to be alerted to any anomalies or deformations in the project course, but also to seize command of the tractor with specific instructions for speed and movement of operation. The wireless system can also connect many machines including operational ones in the field for optimizing movements and management, as well as harmonizing work performed by the lead machine and complementary implements that do not require a controller.
ISOBUS Component Market Segmentation:
The segmentation analysis section of the report focuses on the ISOBUS Component Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided into, By Application
-Tractor
-Planter and Seeder
-Harvesters
-Others
Market Divided into, By Product
-Hardware
–Electronic Control Unit (ECU)
–Universal Terminal
–Cables and Connectors
–Others
-Software
–Virtual Terminal
–Task Controller
–Mobile Application
–Others
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Geographically, the ISOBUS Component Market expands across regions: –
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-AMAZONEN-WERKE H. DREYER SE & Co. KG
-Anedo GmbH
-CLAAS KGaA mbH
-CNH Industrial N.V.
-DEUTZ-FAHR
-Fendt
-Deere & Company
-Hexagon Agriculture
-Krone NA, Inc.
-Kuhn Group
-Kvaser
-Kverneland Group
-LEMKEN GmbH & Co. KG
-Massey Ferguson
-PÖTTINGER Landtechnik GmbH
-Others
Market Development by Leading Key Player –
?2022: Deere & Company expands its Startup Collaborator program with the addition of seven new companies (Burro, Crop.Zone, Four Growers, SeeDevice, Ucropit, ViewAR, and Yard Stick). The Startup Collaborator program would assist the company in deepening its interaction with startup companies whose technology could potentially add value to the company’s prospects in the future.
?2022: CNH Industrial expands its presence in India by establishing a cutting-edge Technology Center. This strategic hub is an essential component of the Company’s global R&D footprint, with a focus on Product Development and digital solutions.
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