Over the last decade, the global agricultural industry has witnessed a massive transformation owing to the increasing demand for sustainable farming practices. Rising global population and high-income growth have resulted in growing concerns of food security across the world. Various agricultural start-ups and technology innovators are developing numerous sustainable farming systems. With the rapid employment of precision agriculture solutions, farmers are able to enhance production yield by increasing inputs and efficient management of farm enterprises. The advent of innovative farm management techniques has resulted in reduced energy consumption and overall cost-effective operations owing to their precise and resource-efficient approach.
The market research study offers a broad perspective of the different types of solutions and applications pertaining to precision agriculture and analyzes its impact on the farming sector by providing critical insights into the direction of its future expansion. The study provides a detailed analysis of the market ecosystem, supply chain, and regional growth for precision agriculture technologies. The report highlights the critical driving and restraining forces for this market as well as the market opportunities in different application segments, such as irrigation, field monitoring, fertilization, spraying, planting, data management, and others, of the precision agriculture market. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
The report answers the following questions about the global precision agriculture market:
- What is the anticipated global precision agriculture market size in terms of revenue from 2017-2025 along with the growth rate during the forecast period 2018-2025?
- What is the anticipated revenue generated by the different solutions such as hardware systems, software, and services for the precision agriculture market in the forecast period?
- What is the market size of precision agriculture solutions for different applications including irrigation, field monitoring, fertilization, spraying, planting, data management, and others?
- What is the anticipated precision agriculture market size for different regions based on various solutions and applications in the forecast period?
- What are the key trends and opportunities in the market pertaining to countries included in different geographical regions?
- How attractive is the precision agriculture market for different stakeholders present in the farming industry by analyzing the complete supply chain?
- What are the major driving forces that are expected to increase the demand for precision agriculture during the forecast period?
- What are the major challenges inhibiting the growth of the global precision agriculture market?
- What are the upcoming trends and opportunities in the market?
- What kind of new strategies is being adopted by the existing market players to expand their market position in the industry?
- What is the competitive strength of the key players in the precision agriculture market by analyzing their recent developments, product offerings, and regional presence?
The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the precision agriculture market by the players and government.
Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). Each region details the individual push and pull forces in addition to the key players from that region. AGCO Corporation, Ag Leader Technology, AgJunction, CNH Industrial, Conservis Corporation, Deere & Company, DICKEY-john, DJI Innovations, Hexagon Agriculture, Iteris Inc., Lindsay Corporation, Raven Industries, Topcon Positioning Systems, Trimble Inc., The Climate Corporation, Valmont Industries Inc., and Farmers Edge, are some of the leading players in this market.