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Precision Farming Market by Technology, Components, Application and Geography - Global Forecasts to 2020 - Product Image Special Offer Sale Banner

Precision Farming Market by Technology, Components, Application and Geography - Global Forecasts to 2020

  • ID: 2644585
  • October 2014
  • Region: Global
  • 187 Pages
  • Markets and Markets
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The total precision farming market size is expected to grow at a CAGR of 12.2% from 2014 to 2020 and reach $4.55 billion by 2020.

FEATURED COMPANIES

  • Ag Leader Technology
  • AGCO Corporation
  • Agjunction Inc.
  • Deere & Company.
  • Dickey-John Corporation
  • Precision Planting Inc.
  • MORE

Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Application (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) and Geography - Global Forecasts to 2020

The precision farming market is expected to grow at a rapid pace. For the past few years the amount of electronic equipment and automation in farming has gradually increased and is helping the growers to increase their profitability and yield. Due to the emergence of Information Technology (IT) in agriculture the precision farming market is gaining momentum. The continuous growth in the global population is increasing the burden on usage of resources such as land, fertilizers, and water. These resources are scarce and hence the need to adopt technology based agriculture is increasing to feed the growing population with minimum usage of resources. The increasing government intervention and assistance to promote modern agricultural and site-specific farming techniques is further driving the demand for precision farming. In addition to that, factors such as crop health, high productivity, energy and cost saving, and the growing agro industry READ MORE >

Note: Product cover images may vary from those shown
The total precision farming market size is expected to grow at a CAGR of 12.2% from 2014 to 2020 and reach $4.55 billion by 2020.

FEATURED COMPANIES

  • Ag Leader Technology
  • AGCO Corporation
  • Agjunction Inc.
  • Deere & Company.
  • Dickey-John Corporation
  • Precision Planting Inc.
  • MORE

1 Introduction
1.1 Objectives of The Study
1.2 Markets Covered
1.3 Stakeholders
1.4 Market Scope

2 Research Methodology
2.1 Demand Side Analysis of The Precision Farming Market
2.1.1 Growing Agro Industry
2.1.2 Government Subsidies
2.1.3 High Productivity
2.2 Market Size Estimation
2.3 Market Crackdown & Data Triangulation
2.4 Market Share Estimation
2.4.1 Key Data From Secondary Sources
2.4.2 Key Data From Primary Sources
2.4.2.1 Key Industry Insights
2.4.3 Report Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Precision Farming
4.2 Global Precision Farming Market
4.3 APAC Acts As An Attractive Destination
4.4 Emerging Markets Are the Key Revenue Pockets
4.5 Variable Rate Application (VRA) Is Anticipated To Grow At the Highest CAGR in APAC and Row
4.6 Life Cycle Analysis for Precision Farming

5 Market Overview
5.1 Introduction
5.1.1 Evolution
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Food Demand In Developing Countries
5.3.1.2 Crop Health
5.3.1.3 Augmented Yield & Profitability
5.3.1.4 Government Assistance
5.3.1.5 Energy and Cost Saving
5.3.1.6 Growing Agro Industry
5.3.2 Restraints
5.3.2.1 High Initial Investment
5.3.2.2 Dearth of Technical Acumen
5.3.3 Opportunities
5.3.3.1 Unmanned Aerial Vehicles (UAV) Application
5.3.3.2 Penetration of Broadband and Mobile Technologies
5.3.4 Challenges
5.3.4.1 Data Management- Biggest Challenge to Precision Farming
5.3.5 Burning Issue
5.3.5.1 Environmental Protection

6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Industry Trends
6.4 Porter’s Analysis
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Competition
6.5 Pest Analysis
6.5.1 Political Factors
6.5.2 Economic Factors
6.5.3 Social Factors
6.5.4 Technological Factors

7 Market, By Technology
7.1 Introduction
7.2 Guidance Systems
7.2.1 Global Positioning System
7.2.2 GNSS Application in Precision Farming
7.2.3 Geographic Information System
7.2.4 GIS Adoption In The U.S.
7.3 Remote Sensing
7.3.1 Handheld
7.3.2 Satellite
7.4 Variable Rate Technology (VRT)
7.4.1 Variable Rate Fertilizer
7.4.2 Variable Rate Pesticide
7.4.3 Variable Rate Seeding

8 Market, By Hardware & Software Components
8.1 Introduction
8.2 Hardware
8.2.1 Automation & Control System
8.2.1.1 Display
8.2.1.2 Guidance & Steering
8.2.1.3 GPS/GNNS System
8.2.1.4 Mobile Devices
8.2.1.5 Flow and Application Control Devices
8.2.1.6 Others
8.2.2 Sensing and Monitoring Devices
8.2.2.1 Yield Monitors
8.2.2.2 Soil Sensors
8.2.2.2.1 Moisture Sensor
8.2.2.2.2 Temperature Sensor
8.2.2.2.3 Nutrient Sensor
8.2.3 Water Sensor
8.2.4 Climate Sensor
8.2.5 Others
8.3 Farm Management System
8.3.1 Software
8.3.2 Consulting and Services

9 Market, By Application
9.1 Introduction
9.1.1 Yield Monitoring
9.1.1.1 On-Farm Yield Monitoring
9.1.1.2 Off-Farm Field Monitoring
9.1.2 Variable Rate Application
9.1.2.1 Map-Based VRA
9.1.2.2 Sensor-Based VRA
9.1.2.3 Field Applications
9.1.2.4 Field Applications Analysis in The U.S. Market
9.1.2.5 Fertilizer VRA
9.1.2.6 Nitrogen VRA
9.1.2.7 Phosphorus VRA
9.1.2.8 Lime VRA
9.1.2.9 Seeding VRA
9.1.2.10 Pesticide VRA
9.1.3 Field Mapping
9.1.3.1 Boundary Mapping
9.1.3.2 Drainage Mapping
9.1.4 Soil Monitoring
9.1.4.1 Moisture Monitoring
9.1.4.2 Nutrient Monitoring
9.1.5 Crop Scouting
9.1.6 Others
9.1.6.1 Farm Labor Management Systems
9.1.6.2 Weather Tracking and Forecasting

10 Geographic Analysis
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 U.S.
10.2.1.2 Canada
10.2.1.3 Mexico
10.2.2 South America
10.2.2.1 Brazil
10.2.2.2 Argentina
10.2.3 Others
10.3 Europe
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Others
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Others
10.5 Rest Of The World
10.5.1 Australia
10.5.2 Middle East
10.5.3 Africa
10.5.3.1 Contribution of South Africa in The Precision Farming Market
10.5.4 Others

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis For The Precision Farming Market, 2013
11.3 Competitive Situation And Trends
11.3.1 New Product Launches
11.3.2 Agreements, Partnerships, Collaborations, And Joint Ventures
11.3.3 Business Expansions and Contracts
11.3.4 Acquisitions & Mergers

12 Company Profiles (Overview, Products and Services, Financials, Strategy & Development)*
12.1 Introduction
12.2 AGCO Corporation
12.3 Agjunction Inc.
12.4 Ag Leader Technology
12.5 Deere & Company.
12.6 Dickey-John Corporation
12.7 Precision Planting Inc.
12.8 Raven Industries Inc.
12.9 Teejet Technologies
12.10 Topcon Precision Agriculture
12.11 Trimble Navigation Limited

*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies.

13 Appendix
13.1 Insights Of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List Of Tables (72 Tables)

Table 1 Growing Food Demand And Growing Agro Industry Will Drive The Market For Precision Farming Products
Table 2 Dearth Of Technical Acumen Restraning The Growth Of Precision Farming Market
Table 3 Unmanned Aerial Vehicles Are An Opportunity For The Market
Table 4 Data Management Is A Challenge To The Growth Of Market
Table 5 Precision Farming Market Size, By Guidance System,2013 – 2020 ($Million) 67
Table 6 Guidance Systems Market Size, By Geography, 2013 – 2020 ($Million)
Table 7 Americas: Guidance Systems Market Size, By Region,2013 – 2020 ($Million) 68
Table 8 North America: Guidance Systems Market Size, By Country,2013 – 2020 ($Million) 69
Table 9 South America: Guidance Systems Market Size, By Country,2013 – 2020 ($Million) 69
Table 10 Europe: Guidance Systems Market Size, By Country,2013 – 2020 ($Million) 70
Table 11 APAC: Guidance Systems Market Size, By Country, 2013 – 2020 ($Million)
Table 12 Row: Guidance Systems Market Size, By Country, 2013 – 2020 ($Million)
Table 13 Types Of Satellite Remote Sensing Images
Table 14 Remote Sensing Market Size, By Geography, 2013 – 2020 ($Million)
Table 15 Americas: Remote Sensing Market Size, By Region, 2013 - 2020 ($Million)
Table 16 North America: Remote Sensing Market Size, By Country,2013 – 2020 ($Million) 74
Table 17 South America: Remote Sensing Market Size, By Country,2013 – 2020 ($Million) 74
Table 18 Europe: Remote Sensing Market Size, By Country, 2013 – 2020 ($Million)
Table 19 APAC: Remote Sensing Market Size, By Country, 2013 – 2020 ($Million)
Table 20 Row: Remote Sensing Market Size, By Country, 2013 – 2020 ($Million)
Table 21 Variable Rate Technology (VRT) Market Size, By Geography,2013 – 2020 ($Million) 78
Table 22 Americas: Variable Rate Technology (VRT) Market Size, By Region,2013 – 2020 ($Million) 79
Table 23 North America: Variable Rate Technology (VRT) Market Size, By Country, 2013 – 2020 ($Million)
Table 24 South America: Variable Rate Technology (VRT) Market Size, By Country, 2013 – 2020 ($Million)
Table 25 Europe: Variable Rate Technology (VRT) Market Size, By Country,2013 – 2020 ($Million) 80
Table 26 APAC: Variable Rate Technology (VRT) Market Size, By Country,2013 – 2020 ($Million) 81
Table 27 Row: Variable Rate Technology (VRT) Market Size, By Country,2013 – 2020 ($Million) 81
Table 28 Automation And Control Systems Market Size, By Type,2013 – 2020 ($Million) 87
Table 29 Americas: Automation And Control Systems Market Size, By Region, 2013 – 2020 ($Million)
Table 30 North America: Automation And Control Systems Market Size, By Country, 2013 – 2020 ($Million) 88
Table 31 South America: Automation And Control Systems Market Size,By Country, 2013 – 2020 ($Million) 88
Table 32 Europe: Automation And Control Systems Market Size, By Country, 2013 – 2020 ($Million)
Table 33 APAC: Automation And Control Systems Market Size, By Country,2013 – 2020 ($Million) 89
Table 34 Row: Automation And Control Systems Market Size, By Country,2013 – 2020 ($Million) 90
Table 35 Sensing And Monitoring Devices Market Size, By Type,2013 – 2020 ($Million) 92
Table 36 Sensing And Monitoring Devices Market Size, By Soil Sensors,2013 – 2020 ($Million) 93
Table 37 Sensing And Monitoring Devices Market Size, By Geography,2013 – 2020 ($Million) 93
Table 38 Americas: Sensing And Monitoring Devices Market Size, By Region,2013 – 2020 ($Million) 94
Table 39 North America: Sensing And Monitoring Devices Market Size, By Country, 2013 – 2020 ($Million) 94
Table 40 South America: Sensing And Monitoring Devices Market Size, By Country, 2013 – 2020 ($Million) 95
Table 41 Europe: Sensing And Monitoring Devices Market Size, By Country,2013 – 2020 ($Million) 95
Table 42 Apac: Sensing And Monitoring Devices Market Size, By Country,2013 – 2020 ($Million) 96
Table 43 Row: Sensing And Monitoring Devices Market Size, By Country,2013 – 2020 ($Million) 96
Table 44 Farm Management Systems Market Size, By Type, 2013 – 2020 ($Million)
Table 45 Farm Management Systems Market Size, By Geography,2013 – 2020 ($Million) 98
Table 46 Americas: Farm Management Systems Market Size, By Region,2013 – 2020 ($Million) 98
Table 47 North America: Farm Management Systems Market Size, By Country, 2013 – 2020 ($Million)
Table 48 South America: Farm Management Systems Market Size, By Country, 2013 – 2020 ($Million)
Table 49 Europe: Farm Management Systems Market Size, By Country,2013 – 2020 ($Million) 100
Table 50 APAC: Farm Management Systems Market Size, By Country,2013 – 2020 ($Million) 100
Table 51 Row: Farm Management Systems Market Size, By Country,2013 – 2020 ($Million) 101
Table 52 Benefits Of Yield Monitoring
Table 53 Yield Monitoring Market Size, By Geography, 2013 – 2020 ($Million)
Table 54 Variable Rate Application (Vra) Market Size, By Geography,2013 – 2020 ($Million) 109
Table 55 Field Mapping Market Size, By Geography, 2013 – 2020 ($Million)
Table 56 Soil Monitoring Market Size, By Geography, 2013 – 2020 ($Million)
Table 57 Crop Scouting Market Size, By Geography, 2013 – 2020 ($Million)
Table 58 Other Application Market Size, By Geography, 2013 – 2020 ($Million)
Table 59 Americas: Precision Farming Market Size, By Region,2013 – 2020 ($Million) 119
Table 60 Americas: Precision Farming Market Size, By Application,2013 – 2020 ($Million) 119
Table 61 North America Precision Farming Market Size, By Country,2013 – 2020 ($Million) 121
Table 62 South America Precision Farming Market Size, By Country,2013 – 2020, ($Million) 122
Table 63 European Precision Farming Market Size, By Country,2013 – 2020 ($Million) 125
Table 64 Europe: Precision Farming Market Size, By Application,2013 – 2020 ($Million) 125
Table 65 APAC Precision Farming Market Size, By Country, 2013 – 2020 ($Million)
Table 66 APAC: Precision Farming Market Size, By Application,2013 – 2020 ($Million) 128
Table 67 Row Precision Farming Market Size, By Region, 2013 – 2020 ($Million)
Table 68 Row: Precision Farming Market Size, By Application,2013 – 2020 ($Million) 132
Table 69 New Product Launches, 2011-2014
Table 70 Agreements, Partnerships, Collaborations, And Joint Ventures,2011-2014 140
Table 71 Business Expansions And Contracts
Table 72 Acquisitions & Mergers

List Of Figures (73 Figures)

Figure 1 Precision Farming Market: Research Methodology
Figure 2 Country Wise Wheat Production From 2012-2013, In Million Tonnes
Figure 3 Reasons For Using Precision Agriculture Techniques In The U.K., 2012
Figure 4 Market Size Estimation Methodology: Bottom Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Breakdown Of Primary Interviews : By Company Type, Designation, And Region
Figure 7 Precision Farming Application Snapshot (2013 Vs 2020)
Figure 8 Precision Farming Market, By Component, 2013
Figure 9 Global Precision Farming Market Share, By Geography, 2013
Figure 10 Attractive Market Opportunities In Precision Farming
Figure 11 Farm Management Systems To Grow At The Fastest Rate Owing To Its Increasing Adoption Among Farmers
Figure 12 Automation Control Systems Held The Highest Share In The Overall Precision Farming Market In 2013
Figure 13 APAC Acts as An Attractive Destination In The Overall Precision Farming Market
Figure 14 Emerging Markets Are the Key Revenue Pockets
Figure 15 The Variable Rate Application (VRA) Is Anticipated To Grow At The Highest CAGR In APAC And Row
Figure 16 The Overall Life Cycle For Precision Farming Is Expected To Be Long And Steadily Growing
Figure 17 Aspects Of Precision Farming
Figure 18 Evolution Of Precision Farming
Figure 19 Precision Farming Market Segmentation By Technology
Figure 20 Precision Farming Market, By Components
Figure 21 Precision Farming Market, By Application
Figure 22 Growing Demand For Food Will Boost Growth In Precision Farming Market
Figure 23 Wheat Consumption In Million Metric Tons, 2010 And 2020
Figure 24 Reasons For Not Using Precision Agriculture Techniques In The U.K, 2012 48
Figure 25 Precision Farming Market: Supply Chain Analysis
Figure 26 Standardization Of Precision Agriculture Data And Equipment Is The Leading Trend Among Key Market Players
Figure 27 Porter’s Five Forces Analysis, 2013
Figure 28 Bargaining Power Of Suppliers In Precision Farming Market, 2013
Figure 29 Bargaining Power Of Buyers In Precision Farming Market, 2013
Figure 30 Threat Of New Entrants In Precision Farming Market, 2013
Figure 31 Threat Of Substitutes In Precision Farming Market, 2013
Figure 32 Degree Of Competition In Precision Farming Market, 2013
Figure 33 Precision Farming Technology Market Segmentation
Figure 34 Variable Rate Technology (VRT) Is Poised To Grow At The Highest Rate
Figure 35 GNSS Technology Accuracy Levels
Figure 36 GNSS Application Pyramid
Figure 37 GIS In Precision Agriculture
Figure 38 GIS Adoption Analysis 2013-2018
Figure 39 Remote Sensing Systems
Figure 40 Variable Rate Seeding
Figure 41 Precision Farming Market, By Component Wise Segmentation
Figure 42 Farm Management Systems
Figure 43 Precision Farming Market By Application- Tree Structure
Figure 44 Variable Rate Application (VRA) Is Expected To Have Wide Adoption Rate
Figure 45 Field Application Analysis In The U.S. Market
Figure 46 Precision Farming Market Segmentation By Geography
Figure 47 Geographical Snapshot: Rapid Growth Markets Are Emerging As New Hot Spots
Figure 48 Asia-Pacific And Row To Witness The Highest Growth
Figure 49 Americas Market Snapshot
Figure 50 Europe Market Snapshot
Figure 51 APAC Market Snapshot
Figure 52 Row Market Snapshot
Figure 53 Companies Adopted Product Innovations As The Key Growth Strategy Over The Last Three Years
Figure 54 Precision Farming Market Share, By Key Player, 2013
Figure 55 Battle For Market Share: New Product Launches Have Been The Key Strategy
Figure 56 Geographic Revenue Mix Of The Market Players
Figure 57 AGCO Corporation: Business Overview
Figure 58 AGCO Corporation: Swot Analysis
Figure 59 Agjunction Inc.: Business Overview
Figure 60 Agjunction Inc.:Swot Analysis
Figure 61 Ag Leader Technology: Busniess Overview
Figure 62 Ag Leader Technology: Swot Analysis
Figure 63 Deere & Company : Business Overview
Figure 64 Deere & Company :Swot Analysis
Figure 65 Dickey John Corporation: Business Overview
Figure 66 Precision Planting Inc.: Business Overview
Figure 67 Precision Planting Inc.: Swot Analysis
Figure 68 Raven Industries Inc.: Business Overview
Figure 69 Raven Industries Ltd.: Swot Analysis
Figure 70 Teejet Technologies: Business Overview
Figure 71 Topcon Precision Agriculture: Business Overview
Figure 72 Trimble Navigation:Business Overview
Figure 73 Trimble Navigation Limited: Swot Analysis

Note: Product cover images may vary from those shown
The total precision farming market size is expected to grow at a CAGR of 12.2% from 2014 to 2020 and reach $4.55 billion by 2020.

FEATURED COMPANIES

  • Ag Leader Technology
  • AGCO Corporation
  • Agjunction Inc.
  • Deere & Company.
  • Dickey-John Corporation
  • Precision Planting Inc.
  • MORE

Precision farming is generally defined as information and technology based farm management systems used to identify, analyze, and manage variability within fields for optimum profitability, sustainability, and protection of land resources. To make farming effective, information technology based products can be used for enabling better decisions about various aspects of crop production. Precision farming involves increasing the yield efficiency that can be done by understanding, analyzing, and dealing with the natural variability found within the field. The ultimate goal of using precision farming techniques is to maximize the yield level with specific use of resources.

Precision farming is observed to be in its matured phase in the U.S. market. Precision farming market is expected to see upgrades in the existing systems, along with the adoption of variable rate applicators driving the market growth. Outside the U.S., South America, APAC, and Europe; particularly, Brazil, Argentina, Eastern Europe, and China – are fuelling a strong double-digit growth as they are in early stages in the adoption life cycle; also, due to the large consolidated farming operations in those regions.

New developments in the agro-industry will also cater the demand for precision farming products. One of the largest applications of precision farming products is the variable rate technology; due to its high adoption rate and multiple applications it is expected to drive the industry growth in coming years. In addition to that,the U.S. Government is also providing support to adopt this technology to obtain high yields.

This report covers vital driving and restraining factors for this market. Encouraging government legislations and policies for adopting precision agriculture techniques, the growing food demand, crop health, energy and cost savings, and the growing ago industry are acting as driving factors for this industry. However, there are few factors which are acting as obstacles in the growth of precision farming market. These factors are high initial installation costs and lack of technical knowledge among the growers.

The worldwide precision farming market is segmented into the Americas, Europe, APAC, and RoW. APAC is the leading region in this market in terms of the growth rate,due to factors such as supportive government policies, increasing demand for food due to growing population, and the developing economies. However, North America which is another vital precision farming market is expected to exhibit a significant growth in coming years due to revised government policies and the push to adopt the variable rate technology in precision farming.

Precision farming market report profiles major companies in precision farming market which are contributing significantly. These companies are AgJunction Inc. (U.S.), Ag Leader Technology (U.S.), Dickey-John Corporation (U.S.), Teejet Technologies (U.S.), Deere &Company (U.S), Trimble Navigation System (U.S.), Precision Planting Inc.(U.S.), ACGO Corporation (U.S.), Topcon Precision Agriculture (U.S.), and Raven Industries Inc. (U.S.).

Note: Product cover images may vary from those shown
The total precision farming market size is expected to grow at a CAGR of 12.2% from 2014 to 2020 and reach $4.55 billion by 2020.

- AGCO Corporation
- Ag Leader Technology
- Agjunction Inc.
- Deere & Company.
- Dickey-John Corporation
- Precision Planting Inc.
- Raven Industries Inc.
- Teejet Technologies
- Topcon Precision Agriculture
- Trimble Navigation Limited

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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