The global Variable Rate Technology (VRT)market was valued at USD 1.29billion in 2016 and is projected to reach USD 2.95billionby 2025, growing at a CAGR of 9.62% from 2017 to 2025.
Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report:
1. Market Drivers
1.1 Improved Efficiency and Productivity Through Improved Crop Yields
1.2 Suitable Govt. Regulations
1.3 Increase in Avg. age of Farmers in developed regions
2. Market Restraints
2.1 High Initial Cost and investments
2.2 Lack of awareness with respect to VRT
1. By Farm Size:
1.1 Large Farms
1.2 Mid-Size Farms
1.3 Small Farms
2. By Application:
2.1 Map-Based VRT
2.2 Sensor-Based VRT
3. By Crop Type:
3.1 Cereals & Grains
3.2 Oilseeds & Pulses
3.3 Fruits & Vegetables
4. By Type:
4.1 Fertilizer VRT
4.2 Crop Protection Chemical VRT
4.3 Soil Sensing VRT
4.4 Seeding VRT
4.5 Yield Monitor VRT
4.6 Irrigation VRT
4.7 Other VRT Types
5. By Offering:
5.1.1 GPS/DGPS Receivers
5.1.2 Handheld Computers
5.1.4 Yield Monitors
5.2 VRT Software
5.3 VRT Service
5.3.1 Farm Operation Services
5.3.2 Integration & Consulting Services
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Deere & Company
2. Trimble, Inc.
3. Agco Corporation
4. Topcon Corporation
5. CNH Industrial N.V.
6. Kubota Corporation
7. Yara International ASA
8. SZ DJI Technology Co., Ltd.
9. Valmont Industries, Inc.
10. Lindsay Corporation
11. Raven Industries, Inc.
12. AG Leader Technology
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Request For Full Report: https://www.kennethresearch.com/sample-request-10059486
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Variable Rate Technology (VRT)marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
Phone: +1 313 462 0609