Global ISOBUS Component Market Research Report Forecast (2024-2030)

1. Global ISOBUS Component Market Research Report: Forecast (2024-2030) • GET UPDATED SAMPLE REPORT 2025-2030 • MARKNTEL ADVISORS

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4. Market Insights The Global ISOBUS Component Market size was valued at around USD 713.1 million in 2023 and is estimated to grow at a CAGR of around 8.1% during the forecast period, i.e., 2024-30. The rising demand to resolve incompatibility issues between different agricultural equipment manufactured by different companies is primarily responsible for market growth & expansion. Agricultural fields necessitate various crop cultivation equipment, such as tractors, harvesters, and seed planters, which various companies manufacture. Different companies can manufacture agricultural equipment, so the smooth operation of the agricultural equipment of one company with that of another company is not an easy task because every piece of equipment has its system & process. Therefore, operating agriculture equipment is not viable, making it more time-consuming and pricey, necessitating a proper solution in the form of an ISOBUS component. Ultimately, such conditions are opening diversified growth prospects for the leading companies in the market.

5. Market Driver Need for Standardized Communication between Agricultural Equipment – In the agricultural industry, multiple tools are required to complete a specific task. A variety of agricultural equipment is used in agriculture, including tractors, cultivators, harrows, seed drills, and rollers. Agriculturalists have always struggled with how to properly match & use different equipment in the field to reduce operating time & increase efficiency. The ISOBUS standard has provided a solution to this long-standing problem.

6. Market Segments By Product (Hardware (Electronic Control Unit (ECU), Universal Terminal, Cables & Connectors, Others), Software (Virtual Terminal, Task Controller, Mobile Application, Others)), By Application (Tractor, Planter & Seeder, Harvesters, Others)

7. Top Companies AMAZONEN-WERKE H. DREYER SE & Co. KG, Anedo GmbH, CLAAS KGaAmbH, CNH Industrial N.V., DEUTZ-FAHR Fendt, Deere & Company, Hexagon Agriculture, Krone NA, Inc., Kuhn Group, Kvaser, Kverneland Group, LEMKEN GmbH & Co. KG, Massey Ferguson, PÖTTINGER Landtechnik GmbH, Others

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10. MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”

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