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Precision Farming Includes in-depth analysis of Market Application, Size, Specification, Trends, Major Manufacturers and Business Strategies by Considering Types, Market Segmentation and Analysis. \n

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global precision farming market growth rate

Global Precision Farming Market Growth Rate, Trends

and Future Prospect by 2022

Precision farming is a type of farming management system grounded on the

base of observing, responding and measuring to intra and inter-field crops

variability. It is the system for managing farms based on information

technology.

The global precision farming market is expected to grow at an estimated CAGR of over 13% over the

forecast period. Precision farming is a type of farming management system grounded on the base of

observing, responding and measuring to intra and inter-field crops variability. It is the system for

managing farms based on information technology. It is also called as satellite farming or site-specific

crop management. As the data management systems developed, the precision farming system had a

huge effect on the old-style farming techniques. Evolution of the latest technologies such as geo-

location tracking along with development in data management assists the global precision farming

market in identifying operating competences and enhancing produce. This technique helps in cutting

down the labor and input cost and also in reducing fuel usage.

Browse Full Research Report @

https://www.millioninsights.com/industry-reports/precision-farming-market

farmers and agriculturists worldwide

Farmers and agriculturists worldwide are progressively implementing services and software for the

global precision farming market. These systems aid farmers to effectively maintain and plan

databases that, consecutively, enhance their productivity and efficiency. Using the most recent

technological systems, such as GPS/GNSS technology, sensing technology, and display devices

benefits in restructuring the working competencies of farmers and agriculturists. The global precision

farming market owes its huge growth to agricultural research associations and organizations. The

effect of precision farming system market is expected to be majorly on the software designers,

agriculturists, end-use industries, mechanical & electronic component manufacturers, system

integrators, and distributors. The governmental organizations of various countries have a strong

curiosity in formulating the regulations and standards for the global precision farming market.

The global precision farming system helps the farmer to gain proper knowledge regarding planting

and harvesting. It additionally recommends suitable amount of fertilizers and pesticides required for

enhanced production of yield. On account of several innovation precision farming practices, farmers

gain advantage from all over the world. Major factors driving the global precision farming market

include profitability and better yield. Various other factors contributing to the growth of the precision

farming market include governmental assistance along with cost & energy savings. However, lack of

awareness, its effect, and huge initial capital investment may negatively impact the overall growth of

the market.

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The market is segmented on the basis of technology into three kinds including guidance systems,

variable rate technologies, and remote sensing. The market is further segmented on the basis of its

component into monitoring & sensing devices, farm management systems (FMS) and control &

automation systems. The demand in North America accounted for the largest market share of over

65% for the global precision farming market. The U.S. is witnessed to be a matured market and is

projected to experience several advancements over the next eight years. The precision farming

system has previously succeeded well in the developed nations and is also anticipated to grow better

in the developing nations on account of the constantly increasing food demands. The labor cost is

very high in North America which is estimated to fuel the growth of the global precision farming

market. The various key agencies benefitting the revolution of the large-scale agriculture in precision

farming of this region include nasa national

farming of this region include NASA, National Oceanic and Atmospheric Administration (NOAA) and

The United States Department of Agriculture (USDA).

See More Reports of this Category by Million Insights @

https://www.millioninsights.com/industry/technology

Asia Pacific and Europe market are expected to witness the fastest growth over the given forecast

period. The highest share of the market is held by India and China in Asia Pacific. The growth in these

regions is sustained by the advancements in several farming operations. The scientists and

researchers in China from varied backgrounds including agro-engineering, geography, agronomy, and

information technology are working intensely towards the research and innovations in the global

precision farming field. The Chinese government has dedicated huge efforts to stimulate research in

precision farming and has also sponsored various projects.

The key market participants are capitalizing heavily in their key strategies which include mergers &

acquisitions and developing new innovative techniques for their products. Major private industry

players include Ag Integrated, AgSense, Ally precision Industries, Arvus, CropMetrics, Micro-Trak

Systems, Tru Count, ZedX Inc., AgLeader, AgNav, AgSync, Amazone GmbH, Bestway Inc., Dickey-john

Corp., and TeeJet technologies. Major public industry players include AgJunction, Lindsay Corp.,

Syngenta, Trimble Navigation, Yara International, AGCO, John Deere & Company, Monsanto, Toro

Company, and Valmont.

Market Segment:

This report studies Precision Farming in Global market, especially in North America, Europe,

China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with

capacity, production, price, revenue and market share for each manufacturer, covering

• Deere & Company

• Trimble

• Leica Geosystems

• AJ Junction

Market Segment by Regions, this report splits Global into several key Regions, with production,

consumption, revenue, market share and growth rate of Precision Farming in these regions, from

2011 to 2021 (forecast), like

• North America

europe china japan southeast asia india

• Europe

• China

• Japan

• Southeast Asia

• India

Read Detail Market Research Report @

https://www.millioninsights.com/industry-reports/precision-farming-market

Split by product type, with production, revenue, price, market share and growth rate of each type,

can be divided into

• Guidance System

• Remote Sensing

• Variable Rate Technology

Split by application, this report focuses on consumption, market share and growth rate of

Precision Farming in each application, can be divided into

• Yield Monitoring

• Field Mapping

• Crop Scouting

• Weather Tracking and Forecasting

• Other

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Our representatives strive to understand diverse client requirements and cater to the same with the

most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

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