Precision Farming Market Size 2021 Top Manufacturers, Application and Projection Research Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Precision Farming Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Precision Farming Market products.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078283

According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Precision Farming Market was valued at USD 3.7 Billion in the year 2017. The Global Precision Farming Market is further estimated to grow at a CAGR of 13.62% from 2018 to reach USD 10.26 Billion by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific region is considered as the fastest growing Market in the forecasted period due to growing demand of Precision Farming and developing agriculture sector in the region. At a country level, the U.S. and Canada in North America and China, India, and Japan in Asia-Pacific holds the notable Market share and is projected to grow strongly in the coming.

Major market players in Precision Farming Market are Deere & Company, AGCO Cop., AgSmarts Inc., Monsanto Company, Ag Leader Technology, Ag Leader Technology, Agribotix LLC, Raven Industries, Trimble Inc., AgJunction Inc., SST Development Group Inc., Farmers Edge Inc., and brief overview of 10 more companies is provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078283

SWOT Analysis of Precision Farming Market:
Strength:
Advancing agricultural techniques
Various Government initiative for the agriculture sector
Growing awareness of precision farming

Weakness:
High initial investments

Opportunities:
Growing usage of a smartphone in farming

Threats:
Lack of technology acceptance
Lack of standardization

The segmentation is done on the basis of offerings, by technology, by application, and by region. On the basis of offerings, the global Precision Farming Market is sub-segmented as hardware, software & services of which the service segment is expected to hold the highest Market share during the forecast.

By Offerings
*Hardware
o Automation & Control System
o Sensing and Monitoring Devices
*Software
o Cloud-Based
o Local/Web Based
*Services

By Technology
*Remote Sensing
*Guidance System
*Variable Rate Technology

By Application
*Yield monitoring
*Crop scouting
*Field mapping
*Weather tracking & forecasting
*Inventory management
*Farm labor management
*Irrigation management

Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10078283

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

Leave a Reply