According to Stratistics MRC, the Global Precision Farming Market is accounted for $3.92 billion in 2017 and is expected to reach $14.09 billion by 2026 growing at a CAGR of 15.3% during the forecast period. Some of the key factors influencing the market growth include adoption of new farming technologies for boosting agricultural production, growing proliferation of internet of things (iot) and use of advanced analytics by farmers and rising demand for food products. However, high initial investment in r&d is restricting the market growth.
Precision farming also known as precision agriculture or site specific crop management (SSCM) is a farm management technique that uses information technology to observe, measure, and respond to intra and inter-field variability in crops and soil. It can help to supply the equivalent amount of food to the rising world population and helps farmers to achieve a greater suitability, higher productivity, economic benefits and environmental protection.
Amongst offering, Hardware segment is estimated to have a lucrative growth due to the high adoption of automation and control devices-drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors. The increasing adoption of new technologies and advanced devices for precision farming is expected to drive the growth of the precision farming market for hardware. By Geography, The North America precision farming market is is likely to have a huge demand owing to mechanization and heavy dependence on technology for aiding agribusinesses. The factors that are backing the market growth in the region are estimated to be the increasing awareness about the quality of crops and the introduction of new initiatives to bring innovations to the sector.
Some of the key players in global Precision Farming market are Raven Industries Inc., Monsanto Company, BASF SE, AGCO Corporation, Trimble Navigation Limited, DICKEY-john Corporation, Valmont Industries Inc., Deere & Company, Yara International ASA, Lindsay Corporation, TeeJet Technologies, Land O'lakes Inc., Ag Junction Inc, Topcon Precision Agriculture and E.I. Du Pont De Nemours And Company (Dupont).
Technologies Covered:
• Remote Sensing
• Guidance Technology
• Variable-Rate Technology
• High precision positioning systems
• Geomapping
• Integrated electronic communication
Offerings Covered:
• Services
• Software
• Hardware
• Other Hardware Components
Applications Covered:
• Financial Management
• Crop Scouting
• Yield Monitoring
• Weather Tracking & Forecasting
• Farm Labor Management
• Irrigation Management
• Field Mapping
• Inventory Management
• Waste management
• Crop Management
• Soil Monitoring
• Personnel Management
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Precision Farming Market, By Technology
5.1 Introduction
5.2 Remote Sensing
5.2.1 Satellite Or Aerial Sensing
5.2.2 Handheld Or Ground-Based Sensing
5.3 Guidance Technology
5.3.1 Global Positioning System(GPS)/Global Navigation Satellite Systems (GNSS)
5.3.2 Geographic Information System (GIS) Based
5.4 Variable-Rate Technology
5.4.1 Sensor-Based
5.4.2 Map-Based
5.4.3 Variable Rate Technology (VRT) Applications
5.4.3.1 Pesticide Variable Rate Application (VRA)
5.4.3.2 Seeding Variable Rate Application (VRA)
5.4.3.3 Fertilizer Variable Rate Application (VRA)
5.4.3.3.1 Phosphorous Variable Rate Application (VRA)
5.4.3.3.2 Lime Variable Rate Application (VRA)
5.4.3.3.3 Nitrogen Variable Rate Application (VRA)
5.5 High precision positioning systems
5.6 Geomapping
5.7 Integrated electronic communication
6 Global Precision Farming Market, By Offering
6.1 Introduction
6.2 Services
6.2.1 Maintenance and Support
6.2.2 System Integration & Consulting
6.2.3 Connectivity Services
6.2.4 Managed Services
6.2.4.1 Analytics
6.2.4.2 Farm Operation Services
6.2.4.3 Data Services
6.2.5 Assisted Professional Services
6.2.5.1 Climate Information Services
6.2.5.2 Supply Chain Management Services
6.2.5.3 Other Assisted Professional Services
6.3 Software
6.3.1 Cloud-Based
6.3.2 Local/Web-Based
6.4 Hardware
6.4.1 Sensing and Monitoring Device
6.4.1.1 Climate Sensor
6.4.1.2 Water Sensor
6.4.1.3 Soil Sensors
6.4.1.3.1 Nutrient Sensor
6.4.1.3.2 Moisture Sensor
6.4.1.3.3 Temperature Sensor
6.4.1.4 Other Sensing and Monitoring Devices
6.4.2 Automation and Control System
6.4.2.1 Display
6.4.2.2 Flow and Application Control Devices
6.4.2.3 Drones/Unmanned Aerial Vehicle (UAVS)
6.4.2.4 Guidance and Steering
6.4.2.5 Handheld Mobile Devices/Handheld Computers
6.4.2.6 Irrigation Controllers
6.4.2.7 Driverless Tractors
6.4.2.8 Wireless Modules
6.4.2.8.1 RF Technology
6.4.2.8.2 Wi-Fi Technology
6.4.2.8.3 Zigbee Technology
6.4.2.8.4 Bluetooth Technology
6.4.2.9 Antennas & Access Points
6.4.2.10 Other Automation and Control System
6.5 Other Hardware Components
7 Global Precision Farming Market, By Application
7.1 Introduction
7.2 Financial Management
7.3 Crop Scouting
7.4 Yield Monitoring
7.4.1 Off-Farm Yield Monitoring
7.4.2 On-Farm Yield Monitoring
7.5 Weather Tracking & Forecasting
7.6 Farm Labor Management
7.7 Irrigation Management
7.8 Field Mapping
7.8.1 Drainage Mapping
7.8.2 Boundary Mapping
7.9 Inventory Management
7.10 Waste management
7.11 Crop Management
7.12 Soil Monitoring
7.13 Personnel Management
7.14 Other Applications
8 Global Precision Farming Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Raven Industries Inc.
10.2 Monsanto Company
10.3 BASF SE
10.4 AGCO Corporation
10.5 Trimble Navigation Limited
10.6 DICKEY-john Corporation
10.7 Valmont Industries Inc.
10.8 Deere & Company
10.9 Yara International ASA
10.10 Lindsay Corporation
10.11 TeeJet Technologies
10.12 Land O'lakes Inc.
10.13 Ag Junction Inc
10.14 Topcon Precision Agriculture
10.15 E.I. Du Pont De Nemours And Company (Dupont)
List of Tables
1 Global Precision Farming Market Outlook, By Region (2016-2026) ($MN)
2 Global Precision Farming Market Outlook, By Technology (2016-2026) ($MN)
3 Global Precision Farming Market Outlook, By Remote Sensing (2016-2026) ($MN)
4 Global Precision Farming Market Outlook, By Satellite Or Aerial Sensing (2016-2026) ($MN)
5 Global Precision Farming Market Outlook, By Handheld Or Ground-Based Sensing (2016-2026) ($MN)
6 Global Precision Farming Market Outlook, By Guidance Technology (2016-2026) ($MN)
7 Global Precision Farming Market Outlook, By Global Positioning System(GPS)/Global Navigation Satellite Systems (GNSS) (2016-2026) ($MN)
8 Global Precision Farming Market Outlook, By Geographic Information System (GIS) Based (2016-2026) ($MN)
9 Global Precision Farming Market Outlook, By Variable-Rate Technology (2016-2026) ($MN)
10 Global Precision Farming Market Outlook, By Sensor-Based (2016-2026) ($MN)
11 Global Precision Farming Market Outlook, By Map-Based (2016-2026) ($MN)
12 Global Precision Farming Market Outlook, By Variable Rate Technology (VRT) Applications (2016-2026) ($MN)
13 Global Precision Farming Market Outlook, By High precision positioning systems (2016-2026) ($MN)
14 Global Precision Farming Market Outlook, By Geomapping (2016-2026) ($MN)
15 Global Precision Farming Market Outlook, By Integrated electronic communication (2016-2026) ($MN)
16 Global Precision Farming Market Outlook, By Offering (2016-2026) ($MN)
17 Global Precision Farming Market Outlook, By Services (2016-2026) ($MN)
18 Global Precision Farming Market Outlook, By Maintenance and Support (2016-2026) ($MN)
19 Global Precision Farming Market Outlook, By System Integration & Consulting (2016-2026) ($MN)
20 Global Precision Farming Market Outlook, By Connectivity Services (2016-2026) ($MN)
21 Global Precision Farming Market Outlook, By Managed Services (2016-2026) ($MN)
22 Global Precision Farming Market Outlook, By Assisted Professional Services (2016-2026) ($MN)
23 Global Precision Farming Market Outlook, By Software (2016-2026) ($MN)
24 Global Precision Farming Market Outlook, By Cloud-Based (2016-2026) ($MN)
25 Global Precision Farming Market Outlook, By Local/Web-Based (2016-2026) ($MN)
26 Global Precision Farming Market Outlook, By Hardware (2016-2026) ($MN)
27 Global Precision Farming Market Outlook, By Sensing and Monitoring Device (2016-2026) ($MN)
28 Global Precision Farming Market Outlook, By Automation and Control System (2016-2026) ($MN)
29 Global Precision Farming Market Outlook, By Other Hardware Components (2016-2026) ($MN)
30 Global Precision Farming Market Outlook, By Application (2016-2026) ($MN)
31 Global Precision Farming Market Outlook, By Financial Management (2016-2026) ($MN)
32 Global Precision Farming Market Outlook, By Crop Scouting (2016-2026) ($MN)
33 Global Precision Farming Market Outlook, By Yield Monitoring (2016-2026) ($MN)
34 Global Precision Farming Market Outlook, By Off-Farm Yield Monitoring (2016-2026) ($MN)
35 Global Precision Farming Market Outlook, By On-Farm Yield Monitoring (2016-2026) ($MN)
36 Global Precision Farming Market Outlook, By Weather Tracking & Forecasting (2016-2026) ($MN)
37 Global Precision Farming Market Outlook, By Farm Labor Management (2016-2026) ($MN)
38 Global Precision Farming Market Outlook, By Irrigation Management (2016-2026) ($MN)
39 Global Precision Farming Market Outlook, By Field Mapping (2016-2026) ($MN)
40 Global Precision Farming Market Outlook, By Drainage Mapping (2016-2026) ($MN)
41 Global Precision Farming Market Outlook, By Boundary Mapping (2016-2026) ($MN)
42 Global Precision Farming Market Outlook, By Inventory Management (2016-2026) ($MN)
43 Global Precision Farming Market Outlook, By Waste management (2016-2026) ($MN)
44 Global Precision Farming Market Outlook, By Crop Management (2016-2026) ($MN)
45 Global Precision Farming Market Outlook, By Soil Monitoring (2016-2026) ($MN)
46 Global Precision Farming Market Outlook, By Personnel Management (2016-2026) ($MN)
47 Global Precision Farming Market Outlook, By Other Applications (2016-2026) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Cross-segment Market Size and Analysis for
Mentioned Segments
