Market Overview:
The global precision agriculture systems market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food owing to the growing population, and the need for sustainable farming practices. In addition, technological advancements in precision agriculture systems are also contributing to the growth of this market. On the basis of type, guidance system is expected to hold a major share of the global precision agriculture systems market during 2018-2030. This can be attributed to its ability provide real-time information on field conditions and help farmers make better decisions about planting, fertilizing, and irrigation.
Product Definition:
Precision agriculture systems are agricultural management technologies that allow farmers to collect and analyze data about their crops in order to make more informed decisions about how, where, and when to apply inputs like water, fertilizer, and pesticides. The goal of precision agriculture is to optimize yields while minimizing inputs costs and environmental impact. Precision agriculture systems can include GPS-enabled tractors or implements that automatically record the location of plants or other features in the field; sensors that measure soil moisture or nutrient levels; drones or satellites that capture images of fields for analysis; and software programs that help farmers interpret data collected from these sources.
Guidance System:
The global guidance system market size was valued at USD 1.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for automation in agriculture, coupled with increasing adoption of GPS technology by farmers across the globe, is anticipated to drive industry growth over the next few years.
Remote Sensing:
Remote sensing is a technique that uses reflected sunlight from the sun and other sources to acquire information. It is used for imaging Earth's surface, measuring land cover characteristics, mineral wealth, water bodies etc. The technology has been in practice since 1960s but only recently has it become affordable and accessible to common users with the advent of cloud computing technologies.
Precision agriculture systems use remote sensing data along with GPS capabilities to help farmers monitor fields more closely.
Application Insights:
The others application segment includes water and land use management. The growing demand for food crops to be produced in a specific area of the country is expected to drive the market over the forecast period. Precision agriculture systems help farmers in making better decisions regarding soil, weather, plant health and irrigation by using data collected from various sensors. It helps them make informed decisions on when and how much to irrigate their fields, thus saving costs incurred on watering crops every now and then.
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 precision agriculture systems by farmers and rising awareness about associated benefits. In addition, favorable government initiatives are also expected to propel regional growth during the same period. For instance, in 2014 Farm Bill (Public Law No 113-79) was passed in U.S., which authorized USD X million for research & development activities related to agricultural technologies along with providing tax benefits for commercialization of such innovations within five years from their date of approval.
Asia Pacific market is projected to grow at a lucrative rate during the forecast period due high population density and availability of arable land across this region resulting into high demand for various types of agriculture machinery including AGVs used in modern day farms across countries like China, India among others).
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of precision agriculture systems
- Technological advancements in precision agriculture systems
- Growing demand for sustainable agricultural practices
- Government initiatives and subsidies for the adoption of precision agriculture systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Agriculture Systems Market Research Report
By Type
Guidance System, Remote Sensing, Variable-Rate Technology, Others
By Application
Farmland & Farms, Agricultural Cooperatives, Others
By Companies
Deere & Company, CropMetrics LLC, Trimble Agriculture, CropX, Valmont Industries, AGCO Corporation, Dickey-John Corporation, Monsanto Company, Ag Leader Technology, AgJunction, CNH Industrial, Raven Industries, SST (Proagrica), TeeJet Technologies, Topcon Positioning Systems
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Precision Agriculture Systems Market Report Segments:
The global Precision Agriculture Systems market is segmented on the basis of:
Types
Guidance System, Remote Sensing, Variable-Rate Technology, 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
Farmland & Farms, Agricultural Cooperatives, 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:
- Deere & Company
- CropMetrics LLC
- Trimble Agriculture
- CropX
- Valmont Industries
- AGCO Corporation
- Dickey-John Corporation
- Monsanto Company
- Ag Leader Technology
- AgJunction
- CNH Industrial
- Raven Industries
- SST (Proagrica)
- TeeJet Technologies
- Topcon Positioning Systems
Highlights of The Precision Agriculture Systems 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:
- Guidance System
- Remote Sensing
- Variable-Rate Technology
- Others
- By Application:
- Farmland & Farms
- Agricultural Cooperatives
- 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 Agriculture Systems 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 agriculture systems are a type of agricultural production system that uses sensors, GPS, and other technologies to improve the accuracy and efficiency of farming operations. Precision agriculture systems can help farmers reduce waste, increase crop yields, and improve water usage.
Some of the key players operating in the precision agriculture systems market are Deere & Company, CropMetrics LLC, Trimble Agriculture, CropX, Valmont Industries, AGCO Corporation, Dickey-John Corporation, Monsanto Company, Ag Leader Technology, AgJunction, CNH Industrial, Raven Industries, SST (Proagrica), TeeJet Technologies, Topcon Positioning Systems.
The precision agriculture systems market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Agriculture Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision Agriculture Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Agriculture Systems Market - Supply Chain
4.5. Global Precision Agriculture Systems Market Forecast
4.5.1. Precision Agriculture Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Agriculture Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Agriculture Systems Market Absolute $ Opportunity
5. Global Precision Agriculture Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision Agriculture Systems Market Size and Volume Forecast by Type
5.3.1. Guidance System
5.3.2. Remote Sensing
5.3.3. Variable-Rate Technology
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Agriculture Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision Agriculture Systems Market Size and Volume Forecast by Application
6.3.1. Farmland & Farms
6.3.2. Agricultural Cooperatives
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Agriculture Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision Agriculture Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision Agriculture Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision Agriculture Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision Agriculture Systems Demand Share Forecast, 2019-2026
9. North America Precision Agriculture Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision Agriculture Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision Agriculture Systems Market Size and Volume Forecast by Application
9.4.1. Farmland & Farms
9.4.2. Agricultural Cooperatives
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Agriculture Systems Market Size and Volume Forecast by Type
9.7.1. Guidance System
9.7.2. Remote Sensing
9.7.3. Variable-Rate Technology
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision Agriculture Systems Demand Share Forecast, 2019-2026
10. Latin America Precision Agriculture Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision Agriculture Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision Agriculture Systems Market Size and Volume Forecast by Application
10.4.1. Farmland & Farms
10.4.2. Agricultural Cooperatives
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Agriculture Systems Market Size and Volume Forecast by Type
10.7.1. Guidance System
10.7.2. Remote Sensing
10.7.3. Variable-Rate Technology
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision Agriculture Systems Demand Share Forecast, 2019-2026
11. Europe Precision Agriculture Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision Agriculture Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision Agriculture Systems Market Size and Volume Forecast by Application
11.4.1. Farmland & Farms
11.4.2. Agricultural Cooperatives
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Agriculture Systems Market Size and Volume Forecast by Type
11.7.1. Guidance System
11.7.2. Remote Sensing
11.7.3. Variable-Rate Technology
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision Agriculture Systems Demand Share, 2019-2026
12. Asia Pacific Precision Agriculture Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision Agriculture Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision Agriculture Systems Market Size and Volume Forecast by Application
12.4.1. Farmland & Farms
12.4.2. Agricultural Cooperatives
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Agriculture Systems Market Size and Volume Forecast by Type
12.7.1. Guidance System
12.7.2. Remote Sensing
12.7.3. Variable-Rate Technology
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision Agriculture Systems Demand Share, 2019-2026
13. Middle East & Africa Precision Agriculture Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision Agriculture Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision Agriculture Systems Market Size and Volume Forecast by Application
13.4.1. Farmland & Farms
13.4.2. Agricultural Cooperatives
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Agriculture Systems Market Size and Volume Forecast by Type
13.7.1. Guidance System
13.7.2. Remote Sensing
13.7.3. Variable-Rate Technology
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision Agriculture Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precision Agriculture Systems Market: Market Share Analysis
14.2. Precision Agriculture Systems Distributors and Customers
14.3. Precision Agriculture Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deere & Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CropMetrics LLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Trimble Agriculture
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CropX
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Valmont Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AGCO Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dickey-John Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Monsanto Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ag Leader Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AgJunction
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CNH Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Raven Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SST (Proagrica)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TeeJet Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Topcon Positioning Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
