Market Overview:
The global yield monitoring devices and services market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food due to the growing population, rising income levels, and changing dietary habits across the globe. In addition, technological advancements in yield monitoring devices and services are also contributing to the growth of this market. On the basis of type, yield monitoring devices accounted for a larger share of the global yield monitoring devices and services market in 2017. This segment is expected to continue its dominance during the forecast period owing to technological advancements that have led to increased accuracy and precision in these devices. On-the-go sensors are one such advancement that has led to an increase in adoption rates of these devices among farmers worldwide. Based on application, variable rate application (VRA) held a major share of the global yield monitoring devices and services market in 2017. This segment is projected grow at a higher CAGR than other segments during 2018–2030 owingto factors such as benefits offered by VRA over traditional farming methods such as reduced inputs costsand improved yields.
Product Definition:
A yield monitor is a device that measures the amount of grain harvested from a field. The information collected by the yield monitor can be used to adjust planting patterns and fertilizer application in future years to improve yields.
Yield Monitoring Devices:
Yield monitoring devices are used to measure the amount of crop produced per unit area. Yield monitoring device can be a standalone hardware or software application installed on a smartphone, tablet or PC. The yield monitor displays information such as bushels per acre, acres per ton and tons per bushel. It also provides trend analysis by showing the average yield over a period of time.
Yield Monitoring Services:
Yield monitoring services are used to monitor the quality of crops and provide real-time data about yield, crop health, and soil conditions. Yield monitoring devices & services help farmers in planning irrigation schedules, determining fertilizer applications & locations as well as harvesting times. The information gathered through yield monitors helps farmers to increase their profitability by reducing the cost incurred for unproductive time spent on crop management activities such as scouting fields for signs of stress or diseases.
Application Insights:
The variable rate application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The use of yield monitoring devices and services for VRA has become necessary as many modern agriculture practices are based on a crop¢â‚¬â„¢s ability to absorb nutrients, water, and other resources from the soil. As a result, farmers are now able to calculate the potential yield of their land by using advanced technology such as sensors that can measure various physical quantities such as soil moisture content or temperature.
Yield monitoring devices also provide real-time data on field conditions which enables farmers or agricultural companies make decisions about operations like seeding rate or fertilizer dosage with better accuracy than before. This allows them to optimize production while reducing costs associated with farming activities.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few changes in the regional landscape. The U.S., which forms the core of North America, is one of the largest agricultural markets across the globe owing to high production and consumption rates of food grains and oilseeds.
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of yield monitoring devices and services
- Technological advancements in yield monitoring devices and services
- Growing demand for precision agriculture techniques
- Government initiatives to promote the use of yield monitoring devices and services
Scope Of The Report
Report Attributes
Report Details
Report Title
Yield Monitoring Devices and Services Market Research Report
By Type
Yield Monitoring Devices, Yield Monitoring Services
By Application
Variable Rate Application (VRA), Field Mapping, Soil Monitoring, Crop Scouting, Others
By Companies
Ag Leader Technology, Deere & Company, Precision Planting Inc., Raven Industries Inc., AgJunction Inc., AGCO Corporation, Trimble Navigation Limited, Case IH, TeeJet Technologies, Topcon Precision Agriculture
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Yield Monitoring Devices and Services Market Report Segments:
The global Yield Monitoring Devices and Services market is segmented on the basis of:
Types
Yield Monitoring Devices, Yield Monitoring Services
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
Variable Rate Application (VRA), Field Mapping, Soil Monitoring, 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
- Deere & Company
- Precision Planting Inc.
- Raven Industries Inc.
- AgJunction Inc.
- AGCO Corporation
- Trimble Navigation Limited
- Case IH
- TeeJet Technologies
- Topcon Precision Agriculture
Highlights of The Yield Monitoring Devices and Services 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:
- Yield Monitoring Devices
- Yield Monitoring Services
- By Application:
- Variable Rate Application (VRA)
- Field Mapping
- Soil Monitoring
- 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 Yield Monitoring Devices and Services 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?
Yield monitoring devices and services are used to measure the yield of crops, such as corn or soybeans. Yield monitoring can help farmers determine when they need to water their crops, fertilize them, or apply pesticides.
Some of the major players in the yield monitoring devices and services market are Ag Leader Technology, Deere & Company, Precision Planting Inc., Raven Industries Inc., AgJunction Inc., AGCO Corporation, Trimble Navigation Limited, Case IH, TeeJet Technologies, Topcon Precision Agriculture.
The yield monitoring devices and services market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size & Forecast, 2018-2028
4.5.1 Yield Monitoring Devices and Services Market Size and Y-o-Y Growth
4.5.2 Yield Monitoring Devices and Services Market Absolute $ Opportunity
Chapter 5 Global Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size Forecast by Type
5.2.1 Yield Monitoring Devices
5.2.2 Yield Monitoring Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size Forecast by Applications
6.2.1 Variable Rate Application (VRA)
6.2.2 Field Mapping
6.2.3 Soil Monitoring
6.2.4 Crop Scouting
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Analysis and Forecast
9.1 Introduction
9.2 North America Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size Forecast by Type
9.6.1 Yield Monitoring Devices
9.6.2 Yield Monitoring Services
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 Yield Monitoring Devices and Services Market Size Forecast by Applications
9.10.1 Variable Rate Application (VRA)
9.10.2 Field Mapping
9.10.3 Soil Monitoring
9.10.4 Crop Scouting
9.10.5 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 Yield Monitoring Devices and Services Analysis and Forecast
10.1 Introduction
10.2 Europe Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size Forecast by Type
10.6.1 Yield Monitoring Devices
10.6.2 Yield Monitoring Services
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 Yield Monitoring Devices and Services Market Size Forecast by Applications
10.10.1 Variable Rate Application (VRA)
10.10.2 Field Mapping
10.10.3 Soil Monitoring
10.10.4 Crop Scouting
10.10.5 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 Yield Monitoring Devices and Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size Forecast by Type
11.6.1 Yield Monitoring Devices
11.6.2 Yield Monitoring Services
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 Yield Monitoring Devices and Services Market Size Forecast by Applications
11.10.1 Variable Rate Application (VRA)
11.10.2 Field Mapping
11.10.3 Soil Monitoring
11.10.4 Crop Scouting
11.10.5 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 Yield Monitoring Devices and Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Yield Monitoring Devices and Services 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 Yield Monitoring Devices and Services Market Size Forecast by Type
12.6.1 Yield Monitoring Devices
12.6.2 Yield Monitoring Services
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 Yield Monitoring Devices and Services Market Size Forecast by Applications
12.10.1 Variable Rate Application (VRA)
12.10.2 Field Mapping
12.10.3 Soil Monitoring
12.10.4 Crop Scouting
12.10.5 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) Yield Monitoring Devices and Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Yield Monitoring Devices and Services 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) Yield Monitoring Devices and Services Market Size Forecast by Type
13.6.1 Yield Monitoring Devices
13.6.2 Yield Monitoring Services
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) Yield Monitoring Devices and Services Market Size Forecast by Applications
13.10.1 Variable Rate Application (VRA)
13.10.2 Field Mapping
13.10.3 Soil Monitoring
13.10.4 Crop Scouting
13.10.5 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 Yield Monitoring Devices and Services Market: Competitive Dashboard
14.2 Global Yield Monitoring Devices and Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ag Leader Technology
14.3.2 Deere & Company
14.3.3 Precision Planting Inc.
14.3.4 Raven Industries Inc.
14.3.5 AgJunction Inc.
14.3.6 AGCO Corporation
14.3.7 Trimble Navigation Limited
14.3.8 Case IH
14.3.9 TeeJet Technologies
14.3.10 Topcon Precision Agriculture
