Precision Agriculture Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2027

Increasing usage of IoT in the agriculture sector is contributing to the growth of the precision agriculture market.

The new report titled ‘Global Precision Agriculture Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report commences with a quick but informative introduction of the market, where the global Keyword Market size is explained in detail before estimating its market scope and size. Increasing usage of IoT in the agriculture sector is contributing to the growth of the precision agriculture market.

Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.Additionally, the need to maximize food production by the optimum use of resources is spurring market growth globally.

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.

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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report.  The coronavirus outbreak has led to drastic changes in the current Precision Agriculture business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Precision Agriculture market growth assessed on both regional and global levels.

The software segment is anticipated to witness a high growth rate of 12.4% over the forecast period. The software segment includes a detailed analysis of web-based and cloud-based precision agriculture.

Weather tracking applications in the precision agriculture market is projected to grow at a significant CAGR during the forecast period. As the agricultural sector is vulnerable to disruptive weather events, the demand for actionable timely information increases. The real-time data regarding weather conditions help farmers to increase their yield and reduce costs while minimizing crop damage risks.

Regional Analysis of the Precision Agriculture Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Terrain:

The  Precision Agriculture Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.

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.

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)
    • Hardware
      1. Automation Control Systems
        • Displays
        • Guidance Steering
        • GPS GNSS
        • Drones, UAV Cameras
        • Others
      2. Sensing and Monitoring Device
        • Yield Monitors
        • Soil Sensors
        • Water Sensors
        • Climate Sensors
  • Software
  • Services
    1. Consulting training
    2. Maintenance update
    3. Integration
    4. Managed Service
    5. 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
    • Others

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Overview of the Precision Agriculture Market Report:

Introduction, Product Scope, Market Overview, and Opportunities

Analysis of the Manufacturers with sales, revenue, and price analysis

Comprehensive analysis of the competitive landscape

Extensive profiling of the key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share, and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of the risks, restraints, and limitations in the Precision Agriculture industry

The Precision Agriculture Market Research Report published by emergenresearch has been formulated by analysis of key business details and extensive geographical spread of the Precision Agriculture industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Precision Agriculture market along with crucial statistical data about the Precision Agriculture market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

Key Questions Answered in the Report:

What is the growth rate of the Precision Agriculture market? What is the anticipated market valuation of Precision Agriculture industry by 2027?

What are the key growth driving and restraining factors of the Precision Agriculture market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Precision Agriculture industry over the forecast period?

Which region is expected to show significant growth in the coming years?

Read More: https://www.emergenresearch.com/industry-report/precision-agriculture-market

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