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Field Mapping Precision Farming is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.
Field Mapping Precision Farming market report presents thorough information about the global industry comprising of valuable figures and stats. Moreover, the report contains records starting from the base year (2022) and stretches until the forecast period (2023-2029). This market research report has set a bench-marking example for such a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA).
Global Field Mapping Precision Farming Market was valued at USD 9.15 billion in 2021 and is expected to reach USD 24.33 billion by 2029, registering a CAGR of 13.00% during the forecast period of 2022-2029. “Hardware” accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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A meticulous study of the competitive landscape of the market has been given in the Field Mapping Precision Farming document along with the insights of the companies, financial status, trending developments, mergers, acquisitions and SWOT analysis. This market research will give a clear and specific idea to the readers about the overall market to take valuable decisions. The document focuses on leading global industry players providing information such as company profiles, specifications, capacity, cost, revenue and contact information. In-depth analysis of the market segmentation covered in this Field Mapping Precision Farming market report assists in determining the prevailing market opportunities. This market report also offers comprehensive statistics on important aspects such as growth drivers, challenges and industry prospects.
Product definition
Precision agriculture refers to a modern approach for farm and agriculture management that makes the use of information technology. The technology ensures crops and soil receive exactly what they need for productivity and optimum health.
Some of the major players operating Field Mapping Precision Farming market are
Key Market Segments Covered in Field Mapping Precision Farming Market Industry Research
Component
Technology
Field Mapping Precision Farming Market Regional Analysis/Insights
The field mapping precision farming market is analysed and market size insights and trends are provided by country, component and technology as referenced above.
The countries covered in the field mapping precision farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the field mapping precision farming market because of the gradual deployment of smart agriculture services within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of variable rate technology and smart irrigation controllers, and AI-based farm analytics services in the region.
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Drivers
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of field mapping precision farming market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the field mapping precision farming market.
Opportunities
Furthermore, adoption of technologically advanced equipment and tools in agriculture industry extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, integration of smartphone applications with precision farming equipment will further expand the market.
Restraints/Challenges
On the other hand, high costs of precision farming equipment and small size of landholdings and limited availability of skilled labor are expected to obstruct market growth. Also, difficulty in collecting and analyzing multiple farm data and lack of standardization in precision farming industry are projected to challenge the field mapping precision farming market in the forecast period of 2022-2029.
This field mapping precision farming market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on field mapping precision farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
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TABLE OF CONTENTS
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