The “Precision Farming – Global Market Outlook (2016-2022)” report has been added to Research and Markets’ offering.
The Global Precision Farming market is expected to grow at a CAGR of 12.5% to reach $6.43 billion by 2022.
The market is expected to benefit from promising market investments that are lifting the standards of agriculture, which offer high yields and profits. Growing demand for food is pushing the growers to adopt precision farming techniques and optimize their resources efficiently with minimum wastages.
Factors such as high initial investment costs, lack of technological skills, and reluctance to adopt the latest technologies for farming practices are inhibiting the market.
The increasing eminence of telematics technologies is expected to fuel the market growth during the forecast period. Government interventions and energy & cost efficiency are the driving factors for the global market.
Huge economic development and growing population in Asia Pacific are the major factors responsible for market growth in this region.
Technology Types of Precision Farming Covered:
– Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS)
– Geographical Information System (GIS)
– Remote Sensing
– Satellite Based Sensing
Variable Rate Technologies (VRT)
– Variable Rate Fertilizer
– Variable Rate Pesticide
– Variable Rate Seeding
– Yield Monitoring
– Variable Rate Application (VRA)
– Soil Monitoring
– Precision Irrigation
– Crop Scouting
– Automation & Control Systems
– Farm Management Systems (FMS)
– Sensing & Monitoring Devices
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Precision Farming Market, By Technology Type
6 Global Precision Farming Market, By Applications
7 Global Precision Farming Market, By Components
8 Global Precision Farming Market, By Geography
9 Key Developments
10 Company Profiling
– ACGO Corporation
– Ag Leader Technology
– Agjunction Inc.
– Dickey-John Corporation
– John Deere & Company
– Lindsay Corp.
– Micro Trak Systems
– Novariant, Inc.
– Precision Planting Inc.
– Raven Industries Inc.
– SST Development Group, Inc.
– Syngenta AG
– Teejet Technologies
– Topcon Precision Agriculture
– Trimble Navigation Limited
For more information about this report visit https://www.researchandmarkets.com/research/z73vk3/precision_farming