The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The Global Precision Farming Market is being driven by the need to maximize the food production and the growing focus on sustainable agriculture. Also, increased awareness and acceptance of this technique and optimization of the inputs are other key factors that are contributing to the market expansion. By the end of the forecast period of 2018-2026, the market is likely to progress with a CAGR of 13.81%.
Type, technology and applications are the basis upon which the Global Precision Farming Market is segmented. The type segment includes hardware and software types. The Precision Farming Market by technology can be divided into guidance systems, variable rate technology and remote sensing, and control systems. Precision farming finds its applications in soil monitoring, yield monitoring, software applications, variable rate applications and field mapping.
Region-wise, the global precision farming market is sub-divided into Europe, North America, Asia-Pacific and rest of the world. Over the course of the forecast period, the North American market is expected to reign the global precision farming market. The region implements some of the most advanced practices in farming by using machine-intensive techniques. The Asia-Pacific precision farming market is also expected to show significant growth over the forecast period due to the development of farming techniques in APAC countries like India and China.
Some of the leading companies offering precision farming solutions include Agco Corp, Ag Leader Technology Inc, Agdata, Ag-Nav Inc, Agjunction Inc, Agribotix, Agrium Inc, Cropx Ltd, Basf Se, Deere & Co, Dupont, Monsanto Company, Farmers Edge Precision Consulting Inc, Mts Systems Corp, Raven Industries Inc, Nozzleworks Inc, Sst Development Group Inc, Topcon Corp, Teejet Technologies, and Trimble Navigation Limited.