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
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
SWOT Analysis of Precision Farming Industry:
Advancing agricultural techniques
Various Government initiative for the agriculture sector
Growing awareness of precision farming
High initial investments
Growing usage of a smartphone in farming
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.
- • Hardware
o Automation & Control System
o Sensing and Monitoring Devices
- • Software
o Local/Web Based
- • Services
- • Remote Sensing
- • Guidance System
- • Variable Rate Technology
- • Yield monitoring
- • Crop scouting
- • Field mapping
- • Weather tracking & forecasting
- • Inventory management
- • Farm labor management
- • Irrigation management
- • USA
- • Canada
- • Germany
- • U.K.
- • France
- • Italy
- • Rest of Europe
- • China
- • India
- • Japan
- • Rest of Asia-Pacific
- • Latin America
- • Middle East & Africa
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 ...
For more information:Make an Inquiry about this report HERE!