Email – sales@supplydemandmarketresearch.com

Home >> Publisher >>

Semiconductors

>>

Precision Farming Market, By Technology (Data Acquisition Technologies, Data Analysis and Avaluation Technologies, Precision Application Technologies), Component (Hardware, Software), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Soil Monitoring) - Global Market Trends & Industry Forecasts Upto 2023...


Precision Farming Market, By Technology (Data Acquisition Technologies, Data Analysis and Avaluation Technologies, Precision Application Technologies), Component (Hardware, Software), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Soil Monitoring) - Global Market Trends & Industry Forecasts Upto 2023

Report code: SDMRSE6234 | Industry: Semiconductors | Published On: 2/26/2018


The market for precision farming market has reached about $ 3.5 billion in 2017 and is expected to double by 2013. The increase in the market is attributed to the factors, such as increasing demand for innovative technology to increase the yield to meet the rising demand for food, increasing investments to improve the standards of agriculture, government interventions by encouraging with subsidies for using technological equipment and technological support. However, the market is likely to witness the retarded growth due to the factors, such as lack of technological skills, high initial investment costs, and reluctance to adopt the latest technologies in farming practices, especially in the developing countries.
The adoption rate of technology has been increasing in agriculture to increase efficiency and manage costs. Precision farming, also known as precision agriculture, is the combination of farming methodology with technology. Technology has become an indispensable part of agribusiness from farmer to retailer to agronomist and is driving the method of farming from land and labor-intensive to technology-enabled smart farming. Technology used in the precision farming span across all agricultural practices, including sowing or planting or spraying or fertilizing and to irrigation. Precision Farming is expected to have a positive impact on farm productivity, environment (by lowering Greenhouse Gas (GHG) emissions) and economics, by lowering production costs to provide higher or equal yields than conventional farming practices.
The precision farming technologies are majorly categorized into three types – data acquisition technologies, data analysis and evaluation technologies, and precision application technologies.
TOC Precision agriculture is trending toward complete automated solutions for farm efficiency, better yield, and less environmental emission and waste by using all available information and expertise. Several startups have been focusing on the Precision Farming, aiming to provide good agricultural data but approaching from different angles to some extent. For example, The CropX software system, by CropX Ltd., (Israel) for advanced adaptive irrigation not only informs farmers about the amount of inputs (such as water, fertilizer and pesticide) needed by each plant at specific times, but also controls the irrigation system accordingly. Tevatronic LTD., (Serot, Israel) has risen more than $ 2.5 million from private and angel investors and the Israel Innovation Authority, and has done pilots in Israel and Australia. Tevatronics’s wireless sensors collect precise data from soil in each zone of the farm and the controllers measure each plant’s stress level to determine when to start and stop irrigation.
The market for hardware components, including automation and control systems, and sensing and monitoring systems accounted for a major part of the precision farming market. However, the market for software is expected to hold promising in the future to analyze and monitor all the aspects of precision farming and also connect all the environments across the value chain.
North America held the largest share of the precision farming market in 2017, due to the advanced use of farming equipment which contribute for improved efficiency and higher productivity. North America is also an origin for several key players, such as Trimble Inc., Deere & Company, AgJunction Inc., Raven Industries Inc., and AGCO Corporation in the precision farming market. With the increasing need for efficient farming requirements, enhancing high production accuracy, and improvement of farm management software, the market for precision farming is expected to grow at higher rate, especially in European and Asia-Pacific regions.
Some of the key players in the precision farming market include Deere & Company (US), Trimble Inc. (US), AgSmarts Inc. (US), AGCO Corporation(US), Raven Industries Inc. (US), AgJunction Inc. (US), Monsanto Company(US), Dickey-John Corporation (US), Ag Leader Technology (US), Cropmetrics LLC. (US), and Yara International ASA (Norway).

1  Introduction        
  1.1  Goal  &  Objective      
  1.2  Study  Scope      
  1.3  Assumptions  and  Limitations      
  1.4  Stakeholders/  Intended  Audience      
  1.5  Research  Methodology                
2  Executive  Summary        
3  Market  Outlook          
  3.1  Introduction      
  3.2  Current  &  Future  Outlook      
  3.3  DROC      
    3.3.1  Drivers    
      3.3.1.1  Increasing  demand  for  innovative  technology  to  increase  the  yield  to  meet  the  rising  demand  for  food  
      3.3.1.2  Increasing  investments  to  improve  the  standards  of  agriculture  
      3.3.1.3  Growing  government  support  for  adoption  of  modern  agricultural  methods  
    3.3.2  Restraints    
      3.3.2.1  High  iniitial  investment  costs  
      3.3.2.2  Reluctance  to  adopt  the  latest  technologies  in  farming  practices  
    3.3.3  Opportunities    
      3.3.3.1  Integration  of  telematics  with  agricultural  equipment  
    3.3.4  Challenges    
      3.3.4.1  Lack  of  technological  skills  
  3.4  Value  Chain  &  Ecosystem                
4  Demand  Market  Analysis,  by  Technology        
  4.1  Data  acquisition  technologies      
    4.1.1  Market  Estimates  &  Forecasts  Upto  2023    
    4.1.2  GNSS  Technologies    
    4.1.3  Mapping  technologies    
    4.1.4  Data  acquisition  of  environmental  properties      
    4.1.5  Machines      
  4.2  Data  analysis  and  evaluation  technologies      
    4.2.1  Market  Estimates  &  Forecasts  Upto  2023    
    4.2.2  Management  zone  delineation    
    4.2.3  Decision  support  system    
  4.3  Precision  application  technologies      
    4.3.1  Market  Estimates  &  Forecasts  Upto  2023    
    4.3.2  Guidance  technology    
    4.3.3  Variable  rate  application    
          
5  Precision  Farming  Market,  By  Component        
  5.1  Hardware      
    5.1.1  Market  Estimates  &  Forecasts  Upto  2023    
  5.2  Software      
    5.2.1  Market  Estimates  &  Forecasts  Upto  2023    
          
6  Precision  Farming  Market,  By  Application        
  6.1  Yield  Monitoring        
    6.1.1  Market  Estimates  &  Forecasts  Upto  2023    
  6.2  Field  Mapping      
    6.2.1  Market  Estimates  &  Forecasts  Upto  2023    
  6.3  Crop  Scouting        
    6.3.1  Market  Estimates  &  Forecasts  Upto  2023    
  6.4  Weather  Tracking  &  Forecasting        
    6.4.1  Market  Estimates  &  Forecasts  Upto  2023    
  6.5  Irrigation  Management        
    6.5.1  Market  Estimates  &  Forecasts  Upto  2023    
  6.6  Soil  Monitoring      
    6.6.1  Market  Estimates  &  Forecasts  Upto  2023    
          
7  Precision  Farming  Market,  By  Region        
  7.1  North  America      
    7.1.1  North  America  Market  Size,  By  Country  2018-2023    
    7.1.3  North  America  Market  Size,  By  Technology  2018-2023    
    7.1.4  North  America  Market  Size,  By  Component  2018-2023    
      7.1.4.1  U.S.  
        7.1.4.1.1  U.S.  Market  Size,  By  Technology  2018-2023
        7.1.4.1.2  U.S.  Market  Size,  By  Component  2018-2023
      7.1.4.2  Canada  
        7.1.4.2.1  Canada  Market  Size,  By  Technology  2018-2023
        7.1.4.2.2  Canada  Market  Size,  By  Component  2018-2023
      7.1.4.3  Mexico  
        7.1.4.3.1  Mexico  Market  Size,  By  Technology  2018-2023
        7.1.4.3.2  Mexico  Market  Size,  By  Component  2018-2023
  7.2  Europe        
    7.2.1  Europe  Market  Size,  By  Country  2018-2023    
    7.2.3  Europe  Market  Size,  By  Technology  2018-2023    
    7.2.4  Europe  Market  Size,  By  Component  2018-2023    
      7.2.4.1  Germany    
        7.2.4.1.1  Germany  Market  Size,  By  Technology  2018-2023
        7.2.4.1.2  Germany  Market  Size,  By  Component  2018-2023
      7.2.4.2  Italy  
        7.2.4.2.1  Italy  Market  Size,  By  Technology  2018-2023
        7.2.4.2.2  Italy  Market  Size,  By  Component  2018-2023
      7.2.4.3  France  
        7.2.4.3.1  France  Market  Size,  By  Technology  2018-2023
        7.2.4.3.2  France  Market  Size,  By  Component  2018-2023
      7.2.4.4  UK  
        7.2.4.4.1  UK  Market  Size,  By  Technology  2018-2023
        7.2.4.4.2  UK  Market  Size,  By  Component  2018-2023
      7.2.4.5  Spain  
        7.2.4.5.1  Spain  Market  Size,  By  Technology  2018-2023
        7.2.4.5.2  Spain  Market  Size,  By  Component  2018-2023
      7.2.4.6  Rest  of  Europe  
        7.2.4.6.1  Rest  Of  Europe  Market  Size,  By  Technology  2018-2023
        7.2.4.6.2  Rest  Of  Europe  Market  Size,  By  Component  2018-2023
  7.3  Asia-Pacific      
    7.3.1  Asia-Pacific  Market  Size,  By  Country  2018-2023    
    7.3.2  Asia-Pacific  Market  Size,  By  Technology  2018-2023    
    7.3.3  Asia-Pacific  Market  Size,  By  Component  2018-2023    
      7.3.3.1  China  
        7.3.3.1.2  China  Market  Size,  By  Technology  2018-2023
        7.3.3.1.3  China  Market  Size,  By  Component  2018-20223
      7.3.3.2  India  
        7.3.3.2.1  India  Market  Size,  By  Technology  2018-2023
        7.3.3.2.2  India  Market  Size,  By  Component  2018-2023
      7.3.3.3  Japan  
        7.3.3.3.1  Japan  Market  Size,  By  Technology  2018-2023
        7.3.3.3.2  Japan  Market  Size,  By  Component  2018-2023
      7.3.3.4  Australia  
        7.3.3.4.1  Australia  Market  Size,  By  Technology  2018-2023
        7.3.3.4.2  Australia  Market  Size,  By  Component  2018-2023
      7.3.3.5  Rest  of  APAC  
        7.3.3.5.1  Rest  Of  APAC  Market  Size,  By  Technology  2018-2023
        7.3.3.5.2  Rest  of  APACMarket  Size,  By  Component  2018-20223
  7.4  Middle  East  &  Africa      
    7.4.1  Middle  East  &  Africa  Market  Size,  By  Technology  2018-2023    
    7.4.2  Middle  East  &  Africa  Market  Size,  By  Component  2018-2023    
  7.5  South  America      
    7.5.1  South  America  Market  Size,  By  Technology  2018-2023    
    7.5.2  South  America  Market  Size,  By  Component  2018-2023    
          
8  Supply  Market  Analysis        
  8.1  Strategic  Benchmarking      
  8.2  Market  Share  Analysis      
  8.3  Key  Players        
    8.3.1  AGCO  Corporation    
    8.3.2  Ag  Leader  Technology    
    8.3.3  Agjunction  Inc.    
    8.3.4  Deere  &  Company    
    8.3.5  Dicky-John  Corporation    
    8.3.6  Teejet  Technologies      
    8.3.7  Raven  Industries  Inc.    
    8.3.8  Monsanto  Company    
    8.3.9  Yara  International    
    8.3.10  Trimble  Inc.  &  Others    
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


toc

Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
 Feel free to contact us

 
Choose License Type
Select User Type


Report code