Precision Farming Market Will Emerge Globally and Grow with 13.5% of CAGR by 2026

The Global Precision Farming Market Outlook Report is a comprehensive study of the Precision Farming industry and its future prospects. The Precision Farming market is expected to grow at a CAGR of over 13.5% during the period 2019−2024.

The global Precision Farming market has been subjected to several regulatory compliances and crucial coding terminology over the years. Adherence to regulatory standards remains crucial for vendors.

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The study considers the present scenario of the Precision Farming market and its market dynamics for the period 2019−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. This research report on the Precision Farming market covers sizing and forecast, market share, industry trends, growth drivers, and vendor analysis.

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Market Segmentation:

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The competitive environment in the Precision Farming market is intensifying. The market currently witnesses the presence of several major as well as other prominent vendors, contributing toward the market growth. However, the market is observing an influx of local vendors entering the market.

The study profiles and examines leading companies and other prominent companies operating in the Precision Farming industry.

List of key players profiled in the report:

  • Deere & Company
  • Trimble
  • Agco
  • Agjunction
  • Raven Industries
  • AG Leader Technology
  • SST Development Group
  • Teejet Technologies
  • Topcon Positioning Systems
  • Dickey-John Corporation
  • Cropmetrics
  • Hexagon Agriculture
  • Granular
  • Prospera Technologies
  • Agribotix
  • Autocopter Corp
  • .

    Based on type, report split into

  • Guidance System
  • Remote Sensing
  • Variable-Rate Technology
  • .

    Based on Application Precision Farming market is segmented into

  • Yield Monitoring
  • Crop Scouting
  • Field Mapping
  • Irrigation Management
  • Weather Tracking & Forecasting
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others
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    Vendors can consider targeting key regions such as APAC, North America, and Europe to gather maximum customer attention. Countries in the APAC region such as China, India, and Japan among others are expected to display significant growth prospects in the future due to high economic growth forecasts along with huge population statistics leading to high consumption of goods and products.

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    Precision Farming Market segmentation by region: 

    • APAC
    • EMEA
    • North America
    • Latin America
    • Europe

    The changing regulatory compliance scenario and the growing purchasing power among consumers are likely to promise well for the North America market. New product development and technological advancements remain key for competitors to capitalize upon in the Precision Farming industry across the globe.

    Report Snapshot:

    Report Coverage

    Details

    Base Year:

    2018

    Historical Data for:

    2014 to 2018

    Forecast Period:

    2019 to 2024

    Market Size in 2018:

    USD 5223.5 Mn

    Forecast Period 2020 to 2026 CAGR:

    #CAGR%

    2024 Value Projection:

    USD 12445.1 Mn

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    Key Market Insights:

    The report provides the following insights into the Precision Farming market for the forecast period 2019–2024.

    • Offers market sizing and growth prospects of the Precision Farming market for the forecast period 2019–2024.
    • Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the Precision Farming market.
    • Includes a detailed analysis of market growth drivers, challenges, and investment opportunities.
    • Delivers a complete overview of market segments and the regional outlook of the market.
    • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the Precision Farming market.

    Impact of COVID-19: Precision Farmingd Market report analyses the impact of Coronavirus (COVID-19) on the Precision Farmingd industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Precision Farmingd market in 2020

    COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

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