Global Crop Monitoring Technology in Precision Farming Market - By Technology , Geography, Trends, Forecast - 2017 - 2022

  • ID: 4385096
  • Report
  • Region: Global
  • 98 pages
  • Mordor Intelligence
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The Global Crop Monitoring Technology in Precision Farming market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of 12.56% during the forecast period of 2017 - 2022. Site Specific Crop Management (SSCM), popularly known as Precision Farming (PF) involves the introduction of modern coming-of-age technologies of satellite navigation and monitoring system into the domain of farming and agriculture. The technology is considered as the future of farming. Clearly, agriculture has moved from primitive technology in the 16th and 17th century to mechanization in the 20th century and finally to automation in the 21st century. It involves smart, easy and cost-effective monitoring and management of crops and fields based on inter and intra-field variability and demands of individual plots, subplots and crops. PF is the branch of Decision Support System (DSS) that ensures better efficiency, higher yield and profitability, and better usage of the available resources. It has found a wide array of applications; from yield and soil monitoring, Variable Rate Application (using Variable Rate Technology), field and yield mapping, crop scouting, tractor navigation, pesticide spray monitoring and several others.

The sudden spur in the growth of agro-based industries is due to the exponential burgeoning of population and demand for food stock coupled with governmental assistance in the form of incentives. North America, Canada and Mexico have dominated the PF market so far. However, Asia-Pacific, specifically India, Australia, China and Japan, currently have the highest growth rate in this domain. Interestingly, the APAC region is being seen as the fastest emerging market in precision agriculture.

The report intends on presenting a quantitative and qualitative insight into the precision agriculture technology that can be segmented by hardware and software components, by application, by function (labor and crop management, financial management and credit management and DSS) and by geographical regions. Software components include the three prominent areas of application, namely farm management system, labor management system and weather tracking and forecasting.

The report also includes market size and share, industry attractiveness by Porter's five force analysis, industry dynamics, market players (leaders, emerging and niche) and their profiles, innovation in products and technologies, market trends based on historical records, projections for the next five years and investment imperatives. Some of the key opportunities in the area are making this technology more user-friendly, economical and mobile. Unmanned Aerial Vehicle (UAV) and drones and the introduction of precision agriculture to mobile technology have wide scope and applicability in precision agriculture in the near future.

The report also considers key trends that will impact the industry and profiles of leading suppliers of crop monitoring technology in the precision farming market.

Some of the top companies mentioned in the report are Precise Planting Inc, Trimble Navigation Limited, Topcon precision agriculture, Leica Geosystems, Omnistar, Garmin International, Mansanto Company and others.

DRIVERS

Growth of agro-based industries as a whole

Rising demands for agro-products

Pressure to increase yield and profitability

Crop protection and health

Governmental support and incentives

Energy and cost saving

CONSTRAINTS

Requires high investment

Slow return on investment (ROI)

Lack of customization of technology and services

Lack of technical expertise

Global warming challenging productivity

OPPORTUNITIES

Expected growth in Variable Rate Application (VRA)

Application of Unmanned Aerial Vehicles (UAV)

Making Technology more portable

Integration with Mobile technologies

Introduction of Real Time Tracking and Intelligence

This Report Offers:

Market definition for global crop monitoring technology in the precision farming market along with identification of key drivers and restraints.

Market analysis for the global crop monitoring technology in the precision farming market with region-specific assessments and competition analysis on a global and regional scale.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the global crop monitoring technology in the precision farming market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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1. Introduction
1.1 Objectives
1.2 Scope of Report
1.3 Features of Precision Farming
1.4 Stages and Tools of Precision Farming
1.5 Technology in Precision Farming
1.5.1 Products
1.5.2 Services
1.6 Market Evolution
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1 Overview
4.2 Industry Value-Chain Analysis
4.3 Industry Attractiveness- Porter's Five Forces Analysis
4.3.1 Industry Competition
4.3.2 Potential of New Entrants
4.3.3 Power of Suppliers
4.3.4 Power of Customers
4.3.5 Threat of Substitute Products
5. Market Dynamics
5.1 Market Size
5.2 Market Share Analysis
5.3 Demand Side Trends and Analysis
5.3.1 Growing Agro Industry
5.3.2 Pressure to Meet Demands
5.3.3 Population Rise
5.3.4 Government Incentives
5.3.5 Rise in Productivity
5.4 Supply Side Trends and Analysis
5.4.1 Higher Investment in Agro-based Industries
5.5 Factors Governing the Market
5.5.1 Drivers
5.5.1.1 Growth of Agro-based industries as a whole
5.5.1.2 Rising Demands for Agro-products
5.5.1.3 Pressure to Increase Yield and Profitability
5.5.1.4 Crop Protection and Health
5.5.1.5 Governmental Support and Incentives
5.5.1.6 Energy and Cost Saving
5.5.2 Constraints
5.5.2.1 Requires High Investment
5.5.2.2 Slow Return on Investment (ROI)
5.5.2.3 Lack of Customization of Technology and Services
5.5.2.4 Lack of Technical expertise
5.5.2.5 Global Warming Challenging Productivity
5.5.3 Challenges
5.5.3.1 Data Retrieval and Management
5.5.3.2 Penetration of Technology to Small Farmers
5.5.3.3 Funding to Small Scale Agro-based Units
5.5.3.4 Need for Environmental Protection and Regulation
5.5.3.5 Allows Farmers to Work in Low Visibility
5.5.3.6 Avoiding Possibility of Technical Glitches
5.5.3.7 Equipment May Look Intimidating
5.5.4 Opportunities
5.5.4.1 Expected Growth in Variable Rate Application (VRA)
5.5.4.2 Application of Unmanned Aerial Vehicles (UAV)
5.5.4.3 Making Technology More Portable
5.5.4.4 Integration with Mobile Technologies
5.5.4.5 Introduction of Real Time Tracking and Intelligence
5.5.5 Assumptions
5.5.5.1 Nature of Economy
5.5.5.2 Degree of Penetration of Technology
5.5.5.3 Governmental Assistance
5.5.5.4 Producers Need Computer Support
6. Market Segmentation
6.1 By Technology
6.1.1 Global Positioning System (GPS)
6.1.1.1 Real time Kinematics GPS (RTK-GPS)
6.1.2 Global Navigation Satellite System (GNSS)
6.1.3 Geographic Information System (GIS)
6.1.4 Remote Sensing
6.1.4.1 Handheld
6.1.4.2 Satellite
6.1.5 Variable Rate Technology (VRT)
6.1.6 Unmanned Aerial Vehicles (UAV)
6.2 By Components
6.2.1 By Hardware
6.2.1.1 Control Setup
6.2.1.1.1 Main System
6.2.1.1.2 Display Devices
6.2.1.1.3 Mobile Devices
6.2.1.1.4 Flow and Application Control Devices
6.2.1.2 Monitoring Devices
6.2.1.2.1 Sensors
  • Soil Sensors
  • Moisture Sensor
  • Temperature Sensor
  • Nutrient Sensor
  • Water Sensor
  • Climate Sensor
  • Radiation Sensor
  • Thermal Sensor
6.2.1.2.2 Yield Monitoring Devices
  • In-Situ Monitoring
  • Ex-Situ Monitoring
6.2.2 By Software
6.2.2.1 Farm Management System
6.2.2.1.1 Services
6.2.2.2 Labor Management System
6.2.2.3 Services
6.2.2.3.1 Consulting
6.2.2.3.2 Weather Tracking and Forecasting
6.2.2.4 Services
6.2.2.4.1 Consulting
6.2.2.4.2 By Application
6.3 Yield Monitoring
6.3.1 Mapping
6.3.2 Yield
6.3.2.1 Field
6.3.2.2 Soil Monitoring
6.3.3 Soil Sampling
6.3.4 Scouting
6.3.5 Tractor Guidance
6.3.6 Farm Planning
6.3.7 Variable Rate Applications (VRA)
6.3.8 Automated harvesting
6.3.9 Automated spraying
6.3.10 By Function
6.4 Labor Management
6.4.1 Crop Management
6.4.2 Financial and Credit Management
6.4.3 Decision Support System (DSS)
6.4.4 By Geography
6.5 North America
6.5.1 U.S.A.
6.5.1.1 Canada
6.5.1.2 Europe
6.5.2 U.K.
6.5.2.1 Germany
6.5.2.2 France
6.5.2.3 Others
6.5.2.4 Asia-Pacific
6.5.3 Australia
6.5.3.1 China
6.5.3.2 India
6.5.3.3 Japan
6.5.3.4 Others
6.5.3.5 Latin America
6.5.4 Brazil
6.5.4.1 Mexico
6.5.4.2 Argentina
6.5.4.3 Middle East
6.5.5 Africa
6.5.6 Competitive Intelligence - Market Shares, Company Overview, Products and Services, Business Performance, Strategies, Technological Developments, Trends and Forecasts
7. AGCO Corporation
7.1 Agjunction Inc.
7.2 Ag Leader Technology
7.3 Precise Planting Inc.
7.4 Topcon Precision Agriculture
7.5 Trimble Navigation Limited
7.6 GNSS Inc.
7.7 eRide Inc.
7.8 NavCom Technology Inc.
7.9 CHC Technology
7.10 Leica Geosystems
7.11 The Toro Company
7.12 Omnistar
7.13 AutoFarm
7.14 Automata
7.15 Deere and Company
7.16 Mansanto Company
7.17 Raven Industries
7.18 Dickey-John Corporation
7.19 Garmin International
7.20 Market Insights and Recommendations
8. Market Share Analysis
8.1 Industry Trends
8.2 Mergers and Acquisitions
8.3 Collaborations and Agreements
8.4 New Product and Technological Developments
8.5 Attractive Market Opportunities
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