Global Precision Agriculture (Farming) Market Size and Forecast to 2021 – 2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Precision Agriculture (Farming) data that enhances the understanding, scope, and application of this report.
The study includes market share analysis and profiles of players such as AGCO Corporation, BASF SE, Raven Industries, Inc., Deere & Company, Trimble Inc., and AgJunction Inc.
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The global precision agriculture market is forecasted to reach US$11.36 billion in 2024, growing at a CAGR of 10.9% for the period spanning 2020-2024.
Executive Summary:
The factors such as increasing population, shrinking arable land, shifting farmer demographics in US, emergence of sensors and improving consumer confidence index are expected to drive the market. However, growth of the industry would be challenged by high capital cost and technical & complexity issues. Few notable trends include rising market consolidation activities, growing exposure of internet of things (IoT) in agriculture and increasing demand for drones.
In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the farming practices have decreased rapidly.
The precision agriculture market comprises of three segments namely services, software and hardware. High demand for automatic steering, yield monitoring and variable rate input devices has helped the hardware to remain at top position amongst all the segments in 2019.
The fastest growing regional market is North America owing to high agriculture activities by population in the U.S. and Canada. The U.S. and China are the two largest market and are already well-penetrated at developed market levels.
Scope of the report:
– The report provides a comprehensive analysis of the global precision agriculture market, segmented into hardware, software and services.
– The major regional markets (North America, Europe and Asia-Pacific) have been analysed, along with country coverage of US, Canada, China and Japan.
– The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
Browse the report description and TOC:
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Precision Agriculture (Farming) market.
The study objectives of this report are:
- To study and analyze the global Precision Agriculture (Farming) size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2023, and forecast to 2024.
- To understand the structure of Precision Agriculture (Farming) by identifying its various sub-segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Precision Agriculture (Farming) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Precision Agriculture (Farming) with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Precision Agriculture (Farming) submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Finally, the Precision Agriculture (Farming) Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure, and so on. Precision Agriculture (Farming) industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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