Precision Farming Market Size, Status and Growth Opportunities by 2020-2027

FEB 25, 2020: The global Precision Farming market size is anticipated to reach USD 12.9 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 13.0% over the forecast period. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops. The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control system. It also involves maintenance services and managed services. Additionally, it incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.

Growing number of applications for telematics in agriculture is anticipated to drive demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. Major manufacturers of agriculture equipment are adopting telematics services for their equipment to improve farm efficiency, thereby reducing the cost of agricultural operations and maximizing profitability. Additionally, improved management can help reduce environmental impact. Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the precision agriculture market.

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Furthermore, with advancements in GPS guidance and automation, drones are poised to transform the agriculture industry. The ability of drones to precisely analyze the soil at the beginning of the crop cycle and detect a plant infected with bacteria or fungus is anticipated to propel the growth of the drone segment.

However, low rate of technology adoption among farmers is likely to hamper market growth over the forecast period. This may be due to factors such as absence of stringent standards and limitations on the exchange of data. Furthermore, farmers lack independent consulting and advisory services owing to the absence of validated agronomic models for Variable Rate Technology (VRT) to make decisions on investments. In addition, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to make improved decisions.

Further key findings from the report suggest:

• Increasing government support for adopting modern agricultural techniques and growing need for efficiently monitoring the health of crops are expected to drive market growth

• Cloud-based software model is anticipated to gain significant precision farming market share over the projected period as it reduces energy consumption and provides storage for large amount of data while facilitating cost saving

• Innovations in GPS mapping and related farming applications are enabling farmers to operate more efficiently and increase their profit margins

• Demand for drones is expected to grow in the agriculture field as they are increasingly used in monitoring irrigation systems

• Yield monitoring finds wide applications in soil monitoring as it helps detect the properties of soil for increasing yields

• Digital revolution in the agricultural sector, along with government financial incentives to farms, is likely to drive demand for precision farming in Europe in the forthcoming years

• Asia Pacific is expected to witness the fastest growth owing to availability of the largest agricultural land, which provides growth opportunities in countries such as China, India, Australia, and Japan

Key players in the precision agriculture market include Agribotix LLC (U.S.); Deere & Company (U.S.); SST Development Group, Inc. (U.S.); Farmers Edge, Inc. (Canada); and Granular, Inc. (U.S.).

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Table of Contents

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

Chapter 2. Executive Summary

2.1. Precision Farming – Industry Snapshot & Key Buying Criteria, 2016 – 2027

Chapter 3. Industry Outlook

3.1. Market Segmentation & Scope

3.2. Precision Farming Market Size and Growth Prospects

3.3. Precision Farming – Value Chain Analysis

3.4. Market Dynamics

3.4.1. Market driver analysis

3.4.1.1. Growing awareness of precision farming

3.4.1.2. Challenges involved in agricultural work

3.4.1.3. Growing awareness of the benefits of agriculture drones

3.4.1.4. Growing government support for the adoption of modern agricultural methods

3.4.2. Market restraint analysis

3.4.2.1. High initial capital investment

3.4.3. Market challenge analysis

3.4.3.1. Scarcity of trained farmers

3.4.3.2. Lack of technology adoption among farmers

3.4.4. Market opportunity analysis

3.4.4.1. Growing application of telematics in agriculture

3.5. Key Opportunities – Prioritized

3.6. Precision Farming- Key Company Analysis, 2019

3.6.1. Key company analysis, 2019

3.6.2. Precision farming key start-up analysis

3.7. Industry Analysis – Porter’s

3.8. Precision Farming- PEST Analysis

Chapter 4. Precision Farming Market: Offering Estimates & Trend Analysis

4.1. Precision Farming Market: Offering Analysis

4.1.1. Hardware market estimates and forecasts, 2016 – 2027 (USD Million)

4.1.1.1. Automation and control systems market estimates and forecasts, 2016 – 2027 (USD Million)

4.1.1.1.1. Drones market estimates and forecasts, 2016 – 2027 (USD Million)

4.1.1.1.2. Application control devices market estimates and forecasts, 2016 – 2027 (USD Million)

4.1.1.1.3. Guidance system market estimates and forecasts, 2016 – 2027 (USD Million)

4.1.1.1.3.1. GPS market estimates and forecasts, 2016 – 2027 (USD Million)

Continued…….


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UAV Remote Sensing Technology Market Will Flourish by 2019 To 2023

SEP 10, 2019: In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. UAV Remote Sensing Technology Report by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

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In this report, the global UAV Remote Sensing Technology market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

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The report firstly introduced the UAV Remote Sensing Technology basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

  • Company A

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

  • General Type

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of UAV Remote Sensing Technology for each application, including-

  • Agriculture
  • Logistics

Table of Contents

Part I UAV Remote Sensing Technology Industry Overview

Chapter One UAV Remote Sensing Technology Industry Overview

1.1 UAV Remote Sensing Technology Definition

1.2 UAV Remote Sensing Technology Classification Analysis

1.2.1 UAV Remote Sensing Technology Main Classification Analysis

1.2.2 UAV Remote Sensing Technology Main Classification Share Analysis

1.3 UAV Remote Sensing Technology Application Analysis

1.3.1 UAV Remote Sensing Technology Main Application Analysis

1.3.2 UAV Remote Sensing Technology Main Application Share Analysis

1.4 UAV Remote Sensing Technology Industry Chain Structure Analysis

1.5 UAV Remote Sensing Technology Industry Development Overview

1.5.1 UAV Remote Sensing Technology Product History Development Overview

1.5.1 UAV Remote Sensing Technology Product Market Development Overview

1.6 UAV Remote Sensing Technology Global Market Comparison Analysis

1.6.1 UAV Remote Sensing Technology Global Import Market Analysis

1.6.2 UAV Remote Sensing Technology Global Export Market Analysis

1.6.3 UAV Remote Sensing Technology Global Main Region Market Analysis

1.6.4 UAV Remote Sensing Technology Global Market Comparison Analysis

1.6.5 UAV Remote Sensing Technology Global Market Development Trend Analysis

Chapter Two UAV Remote Sensing Technology Up and Down Stream Industry Analysis

2.1 Upstream Raw Materials Analysis

2.1.1 Proportion of Manufacturing Cost

2.1.2 Manufacturing Cost Structure of UAV Remote Sensing Technology Analysis

2.2 Down Stream Market Analysis

2.2.1 Down Stream Market Analysis

2.2.2 Down Stream Demand Analysis

2.2.3 Down Stream Market Trend Analysis

Continued…

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About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com

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