Agriculture & Forestry Industry Market News

Precision Farming industry 2019-2025: in search of the right business model scrutinized in new research

Phosphaltic Fertilizer

Precision Farming Industry By Technology (Remote Sensing, Guidance System, Variable Rate Technology), By Offerings (Hardware, Software, Services), and By Application (Yield Monitoring, Crop Scouting, Field Mapping, Controller, Weather Tracking & Forecasting) -Global Market Size Analysis and Forecast 2019-2025

Global Precision Farming Industry was valued at USD 3.7 Billion in the year 2017. The Global Precision Farming Industry is further estimated to grow at a CAGR of 13.62% from 2018 to reach USD 10.26 Billion by the year 2025.

The North America region holds the highest Industry share in 2017 and the Asia Pacific region is considered as the fastest growing Industry in the forecasted period due to growing demand of Precision Farming and developing agriculture sector in the region. At a country level, the U.S. and Canada in North America and China, India, and Japan in Asia-Pacific holds the notable Industry share and is projected to grow strongly in the coming.

Click Here For More Details @ www.alexareports.com/report/…nd-outlook Make an Inquiry about this news

Major market players in Precision Farming Industry are Deere & Company, AGCO Cop., AgSmarts Inc., Monsanto Company, Ag Leader Technology, Ag Leader Technology, Agribotix LLC, Raven Industries, Trimble Inc., AgJunction Inc., SST Development Group Inc., Farmers Edge Inc., and brief overview of 10 more companies is provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Sample Request of this Report @ www.alexareports.com/report-sample/9190 Make an Inquiry about this news

SWOT Analysis of Precision Farming Industry:

Strength:

            Advancing agricultural techniques

            Various Government initiative for the agriculture sector

            Growing awareness of precision farming

Weakness:

            High initial investments

Opportunities:

            Growing usage of a smartphone in farming

Threats:

            Lack of technology acceptance

            Lack of standardization

The segmentation is done on the basis of offerings, by technology, by application, and by region. On the basis of offerings, the global Precision Farming Industry is sub-segmented as hardware, software & services of which the service segment is expected to hold the highest Industry share during the forecast.

By Offerings

  • • Hardware

o Automation & Control System

o Sensing and Monitoring Devices

  • • Software

o Cloud-Based

o Local/Web Based

  • • Services

By Technology

  • • Remote Sensing
  • • Guidance System
  • • Variable Rate Technology

By Application

  • • Yield monitoring
  • • Crop scouting
  • • Field mapping
  • • Weather tracking & forecasting
  • • Inventory management
  • • Farm labor management
  • • Irrigation management

By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

News From

Alexa ReportsAlexa Reports
Category: Market Research Publishers and RetailersCompany about: Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Till date, we have collaborated and partnered with well-known publishers in specialized domain to offer our clients with comprehensive market analysis. Over the past few years, we have been ab ...
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!
  • www.alexareports.com/report/…nd-outlook
  • www.alexareports.com/report-sample/9190
  • www.alexareports.com