“GLOBAL PRECISION AGRICULTURE MARKET BY TECHNOLOGY (GIS, TELEMATICS, VRT, GPS & REMOTE SENSING), HARDWARE & SOFTWARE-GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2018-2024”.
The Global Precision Agriculture Market Share might grow up to USD 7.8 billion by 2024 at a CAGR of 16% from 2018-2024. Precision Agriculture is a type of farm management technique that uses different machinery, software’s. to identify the productivity of the yield and to know whether the plants are receiving the required amount of water and fertilizers.
This pitches to increase in Precision Agriculture Market.
Segmentation by Hardware components and by software accelerates the market share during the forecast period
Hardware components like Sensors, Drones, Automated Steering systems, Radars, GPS play a leading role in enhancing the market growth of Precision Agriculture Market.
Some of the software’s like Crop Management Software, People Management Software, Inventory Management Software, Weather tracking, and forecasting., have importance in enhancing the Precision Agriculture Market.
Mapping methods and Weather tracking forecasting holds a key role in enhancing the Global Precision Agriculture Market
Land Mapping, Soil Mapping is the mapping techniques that gives information about type, texture, organic matter and depth of horizons that gives brief knowledge about the land and soil. Crop Scouting is a process which gives information on the pest’s pressure, evaluate crop performance and also gives data on disease prevention methods.
The weather tracking and forecasting help in protecting the farm from unexpected rainfalls, floods, elevated temperatures, high-speed winds and hence lead to increase in Global Precision Agriculture Market during the forecast period.
Geographical segmentation of Global Precision Agriculture Market
Global Precision Agriculture Market is high in America as they have highly sophisticated agriculture farming instruments. High production of yield, efficient farming techniques leads to the growth of market share in American regions.
APAC also holds a considerable share in the Global Precision Agriculture Market due to high skilled labor and increase in population. Some of the major players in the precision farming market are Deere & Company (U.S.), Trimble, Inc.
(U.S.), Raven Industries Inc. (U.S.), AgJunctiosn, Inc. (U.S.), and AGCO Corporation (U.S.) among others.
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• Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
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