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May 22, 2020 4:40 AM ET

Crop Monitoring Technology in Precision Farming Market 2020: Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Sales Revenue by Regional Forecast By 360 Market Updates

iCrowd Newswire - May 22, 2020

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

Global “Crop Monitoring Technology in Precision Farming Market” Report 2020 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. The Crop Monitoring Technology in Precision Farming market growth is expected to register a CAGR of 13.14% during the forecast period. Crop Monitoring Technology in Precision Farming Market reports offer a detailed assessment of the Crop Monitoring Technology in Precision Farming including enabling technologies, current market scenario, market assumptions, restraining factors.

Crop Monitoring Technology in Precision Farming Market Report covers the Top Key-players 2020:-

The global Crop Monitoring Technology in Precision Farming market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.

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Crop Monitoring Technology in Precision Farming Market is expected to register a CAGR of 13.14%, during the forecast period (2018-2023). The scope of the report is limited to Solutions offered by major players, which include Content Management, Case Management, Workflow Management, Record Management, and Digital Asset Management.Over the last two decades, PF (precision farming) has successfully made the transition from being an academic research topic to a highly beneficial practice in the field of agriculture. Around 70-80% of the new equipment purchases have been deemed to contain some form of PF tools. PF practices can be better analyzed as a cyclical approach rather than a sequential one (as depicted in the adjacent pictorial representation).Growing Demand for Food Products around the World Emphasizes the Need for Crop Protection in Precision FarmingAccording to a survey conducted by the UN DESA organization, the world population is expected to grow from around 7.35 billion in 2015 to 8.3 billion in 2030. The growth, in addition to rising disposable incomes, has contributed to the sustained rise in demand for food across the globe. The farming community is coming under severe pressure to meet the growing demand for food. The demand can be met by either increasing agricultural land, or by making optimal use of the available agricultural land. Farmers in developed countries are increasingly veering toward “sustainable intensification”, which advocates the use of precision farming techniques and tools to optimize crop productions. The methods have been met with success in developing markets, such as Latin America and Africa. The use of PF tools can be instrumental to mitigating the negative environmental impacts, such as over-utilization and the depletion of ground water. Large-scale institutional investors in the developing regions have made concrete commitments to assist the farming community in a bid to address the supply-demand problem.Yield Monitoring is One of the Primary Aspects for Crop Monitoring in Precision FarmingBy means of yield monitoring, farmers can be aware of the geo-referenced information about their agriculture fields, which helps in understanding underlying potential threats. Yield monitoring systems enable farmers to export the field and crop information to personal computing devices and make the data available in various formats (equipment displays, printed, at-home devices, etc.). In the developed countries, yield monitoring was introduced in the early 1990’s and modern agriculture has been considering it as a conventional farming practice. As the technology has been evolving since its inception, yield monitoring is increasingly becoming critical for making the best usage of geo-spatial technologies and site-specific crop management practices.United States is One of the Prime Markets for the Ar and Mr TechnologyIt is estimated that only 20% of the total acreage in the United States and 58% of the producers implement precision agricultural technologies. AgLeader, Agri-vision, Blue River Technologies, Crop Venture Incorporated, Farm Works, and Holland Scientifics are some of the precision agriculture companies based in the United States. The Federal Aviation Administration (FAA) has laid out its restrictions toward the flying of drones; but as per their new rules passed in 2016, drones for commercial purposes, weighing up to 55 lb. can be used in the United States during daylight hours. This is seen as a big boost for the use of drone technology in agriculture, and the use of drone in forecast period will grow rapidly due to these rules by FAA.The major players include – AGCO CORPORATION, AG JUNCTION INC., JOHN DEERE, DICKEY-JOHN CORPORATION, TEEJET TECHNOLOGIES ILLINOIS LLC, RAVEN INDUSTRIES INC., LINDSAY CORPORATION, MONSANTO COMPANY, VALMONT INDUSTRIES INC., YARA INTERNATIONAL ASA, TOPCON PRECISION AGRICULTURE, TRIMBLE NAVIGATION LIMITED, E. I. DU PONT DE NEMOURS AND COMPANY (DUPONT), LAND O’LAKES INC., and BASF SE, amongst others.

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Finally, the report Global Crop Monitoring Technology in Precision Farming Market 2020 describes the Crop Monitoring Technology in Precision Farming industry expansion game plan, the Crop Monitoring Technology in Precision Farming industry knowledge supply, appendix, analysis findings, and the conclusion.

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