Market Overview:
The global precision farming/agriculture device market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food owing to the growing population and rising income levels, and the need for sustainable agriculture practices. Furthermore, technological advancements in precision farming/agriculture devices are also contributing to the growth of this market. The automation & control systems segment is expected to hold the largest share of the global precision farming/agriculture device market in 2018. This segment is mainly driven by factors such as increasing adoption of automated systems for irrigation, seeding, and crop protection; development of advanced sensors that help reduce wastage; and growing demand for real-time data analysis and decision support tools. The yield monitoring segment is projected to grow at a highest CAGR during forecast period owing high adoption rates across various applications such as field mapping, crop scouting, etc.
Product Definition:
Precision farming is a management concept that uses information technology and other advances in agronomy to reduce inputs (fertilizer, seed, water) while maintaining or increasing yields. The goal of precision agriculture is to optimize inputs by using site-specific data to make decisions about where, when and how much to apply.
Automation & Control Systems:
Automation and control systems are used in precision farming/agriculture devices to increase the efficiency of the overall operation. Precision farming/agriculture automation & control system includes hardware components such as sensors, actuators, controllers, displays and networking devices along with software applications that run on desktop or laptop computers.
Sensing Devices:
Sensing devices are used in precision farming/agriculture device to measure and monitor the physical parameters such as temperature, humidity, soil moisture level among others. These sensing devices help farmers to take preventive measures for irrigation or crop management by providing real-time data on crops and weather patterns. Sensing devices also provide information related to soil quality which is very essential for good agricultural yield.
Application Insights:
The yield monitoring application segment dominated the global precision farming/agricultural device market in 2017. Yield monitoring helps farmers to achieve higher crop productivity by providing real-time data on field conditions, such as soil moisture, temperature and humidity. It also provides information on irrigation needs and fertilizer applications. The integration of IoT technology with yield monitors enables farmers to have a digital record of each plant¢â‚¬â„¢s health from germination to harvest, which can be used for analysis later or shared via an internet connection. This has led to increased adoption of these devices among medium and large farms across the globe.
The mapping application segment is expected register the highest CAGR over the forecast period owing to its increasing use by precision agriculture practitioners for planning future agricultural activities or identifying areas where additional resources are required for improving farm productivity further down the line (e.g., water supply).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to increasing adoption of technologies such as wireless sensors and automation in agriculture fields. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to rising awareness about precision farming among farmers and increasing investments by companies for developing innovative products with advanced technology. Moreover, government initiatives are also boosting growth of this regional market. For instance, ‘Make in India’ initiative taken by Indian government will create many opportunities for precision agriculture device manufacturers operating within country’s borders thereby driving industry growth over next few years.
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of precision farming/agriculture devices
- Technological advancements in precision farming/agriculture devices
- Growing investments in precision farming/agriculture sector by governments and private players
- Increasing adoption of precision farming/agriculture techniques by farmers
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Farming/Agriculture Device Market Research Report
By Type
Automation & Control Systems, Sensing Devices, Antennas/Access Points, Others
By Application
Yield Monitoring, Field Mapping, Crop Scouting, Others
By Companies
Ag Leader Technology, AgJunction, Inc., CropMetrics LLC, Trimble, Inc., AGCO Corporation, Raven Industries, Inc., AgEagle Aerial Systems, Deere & Company, DICKEY-john Corporation, Farmers Edge Inc., Grownetics, Inc., Granular, Inc, The Climate Corporation (Monsanto Company), Topcon Corporation, Hexagon AB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Precision Farming/Agriculture Device Market Report Segments:
The global Precision Farming/Agriculture Device market is segmented on the basis of:
Types
Automation & Control Systems, Sensing Devices, Antennas/Access Points, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Yield Monitoring, Field Mapping, Crop Scouting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ag Leader Technology
- AgJunction, Inc.
- CropMetrics LLC
- Trimble, Inc.
- AGCO Corporation
- Raven Industries, Inc.
- AgEagle Aerial Systems
- Deere & Company
- DICKEY-john Corporation
- Farmers Edge Inc.
- Grownetics, Inc.
- Granular, Inc
- The Climate Corporation (Monsanto Company)
- Topcon Corporation
- Hexagon AB
Highlights of The Precision Farming/Agriculture Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automation & Control Systems
- Sensing Devices
- Antennas/Access Points
- Others
- By Application:
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Farming/Agriculture Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision farming/agriculture devices are machines that help farmers to more accurately and efficiently plant, grow, and harvest crops. These devices can help farmers to improve crop yields by providing them with accurate information about the location of plants, soil conditions, and weather patterns.
Some of the major players in the precision farming/agriculture device market are Ag Leader Technology, AgJunction, Inc., CropMetrics LLC, Trimble, Inc., AGCO Corporation, Raven Industries, Inc., AgEagle Aerial Systems, Deere & Company, DICKEY-john Corporation, Farmers Edge Inc., Grownetics, Inc., Granular, Inc, The Climate Corporation (Monsanto Company), Topcon Corporation, Hexagon AB.
The precision farming/agriculture device market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Farming/Agriculture Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precision Farming/Agriculture Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Farming/Agriculture Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precision Farming/Agriculture Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precision Farming/Agriculture Device Market Size & Forecast, 2018-2028
4.5.1 Precision Farming/Agriculture Device Market Size and Y-o-Y Growth
4.5.2 Precision Farming/Agriculture Device Market Absolute $ Opportunity
Chapter 5 Global Precision Farming/Agriculture Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Precision Farming/Agriculture Device Market Size Forecast by Type
5.2.1 Automation & Control Systems
5.2.2 Sensing Devices
5.2.3 Antennas/Access Points
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precision Farming/Agriculture Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Precision Farming/Agriculture Device Market Size Forecast by Applications
6.2.1 Yield Monitoring
6.2.2 Field Mapping
6.2.3 Crop Scouting
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Farming/Agriculture Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Farming/Agriculture Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Precision Farming/Agriculture Device Analysis and Forecast
9.1 Introduction
9.2 North America Precision Farming/Agriculture Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Precision Farming/Agriculture Device Market Size Forecast by Type
9.6.1 Automation & Control Systems
9.6.2 Sensing Devices
9.6.3 Antennas/Access Points
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Precision Farming/Agriculture Device Market Size Forecast by Applications
9.10.1 Yield Monitoring
9.10.2 Field Mapping
9.10.3 Crop Scouting
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Precision Farming/Agriculture Device Analysis and Forecast
10.1 Introduction
10.2 Europe Precision Farming/Agriculture Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Precision Farming/Agriculture Device Market Size Forecast by Type
10.6.1 Automation & Control Systems
10.6.2 Sensing Devices
10.6.3 Antennas/Access Points
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Precision Farming/Agriculture Device Market Size Forecast by Applications
10.10.1 Yield Monitoring
10.10.2 Field Mapping
10.10.3 Crop Scouting
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Precision Farming/Agriculture Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precision Farming/Agriculture Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Precision Farming/Agriculture Device Market Size Forecast by Type
11.6.1 Automation & Control Systems
11.6.2 Sensing Devices
11.6.3 Antennas/Access Points
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Precision Farming/Agriculture Device Market Size Forecast by Applications
11.10.1 Yield Monitoring
11.10.2 Field Mapping
11.10.3 Crop Scouting
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Precision Farming/Agriculture Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Precision Farming/Agriculture Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Precision Farming/Agriculture Device Market Size Forecast by Type
12.6.1 Automation & Control Systems
12.6.2 Sensing Devices
12.6.3 Antennas/Access Points
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Precision Farming/Agriculture Device Market Size Forecast by Applications
12.10.1 Yield Monitoring
12.10.2 Field Mapping
12.10.3 Crop Scouting
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Precision Farming/Agriculture Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precision Farming/Agriculture Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Precision Farming/Agriculture Device Market Size Forecast by Type
13.6.1 Automation & Control Systems
13.6.2 Sensing Devices
13.6.3 Antennas/Access Points
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Precision Farming/Agriculture Device Market Size Forecast by Applications
13.10.1 Yield Monitoring
13.10.2 Field Mapping
13.10.3 Crop Scouting
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Farming/Agriculture Device Market: Competitive Dashboard
14.2 Global Precision Farming/Agriculture Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ag Leader Technology
14.3.2 AgJunction, Inc.
14.3.3 CropMetrics LLC
14.3.4 Trimble, Inc.
14.3.5 AGCO Corporation
14.3.6 Raven Industries, Inc.
14.3.7 AgEagle Aerial Systems
14.3.8 Deere & Company
14.3.9 DICKEY-john Corporation
14.3.10 Farmers Edge Inc.
14.3.11 Grownetics, Inc.
14.3.12 Granular, Inc
14.3.13 The Climate Corporation (Monsanto Company)
14.3.14 Topcon Corporation
14.3.15 Hexagon AB
