The Precision Agriculture Market report 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 (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
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.
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.
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Top Leading Companies of Global Precision Agriculture Market are AGCO Corporation, BASF SE, Raven Industries, Inc., Deere & Company, Trimble Inc. and AgJunction Inc. and others.
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.
– The competitive landscape of the market, along with the company profiles of leading players (AGCO Corporation, BASF SE, Raven Industries, Inc., Deere & Company, Trimble Inc. and AgJunction Inc.) are also presented in detail.
Key Target Audience:
– Precision Agriculture Technology Providers
– Raw Material/Component Suppliers
– End Users
– Consulting Firms
– Investment Banks
– Government Bodies & Regulating Authorities
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Highlights of the Precision Agriculture Market Report:
– Detailed overview of Precision Agriculture Market
– Changing the Precision Agriculture market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Precision Agriculture market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Precision Agriculture Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2015 to 2021 and forecasts until 2024 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Precision Agriculture 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 industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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