Precision Agriculture Market - Global Outlook and Forecast 2018-2023

  • ID: 4577458
  • Report
  • Region: Global
  • 199 pages
  • Arizton
OFF
until Sep 30th 2018
1 of 5

FEATURED COMPANIES

  • AG Leader Technology
  • AGJunction
  • DICKEY - John Corporation
  • Novaraint Inc
  • SST Software
  • Topcon Corporation
  • MORE

This market research report on global precision agriculture market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by application (guidance and monitoring systems (GIS, GNSS, and remote sensing), variable rate technology, and telematics), by components (hardware (drones, GPS devices, sensors, and others) and software), and by geography (North America, APAC, Europe, Latin America, and MEA).

Precision Agriculture Market - Overview

The smart use of technology to enable better decision making and optimized use of resources on farms is propelling the growth of the global precision agriculture market. The growing requirement to achieve higher yields and effectively meet the growing demand for food will boost the demand for these services in the global market. This form of farming involves the deployment of a web of sensors, drones, and software to gather, process, and analyze data to derive actionable insights for on-farm decisions in the global market. The evolution of GIS and GNSS ecosystem, falling prices of sensors, and adoption of navigation systems will revolutionize the agricultural market.

The use of navigation systems and drones drastically reduce the dependence on manual labor for scouting and crop monitoring activities and improves the overall efficiency of this whole process. Additionally, the use of these controllers and monitors will enable the right usage of fertilizers, pesticides, and insecticides, thereby, preventing the deterioration of soil quality and initiates cost savings in the global market. The government initiatives and subsides will encourage the implementation of digital set-up and procurement of smart infrastructure in the market. Digitalization will result in faster sharing of valuable information across geographies and markets will improve the economic conditions in the overall agricultural industries. The increasing in retail and industrial consumption will propel the growth of the global precision agriculture market.

The recent trends of urbanization, lifestyle changes, resource exploitation, and innovative communication systems will augment the growth of the global market. The increasing adoption of efficient and sustainable farming practices to ensure better food security and safety are one of the primary factors contributing to the use of smart systems in the agriculture industry. The global precision agriculture market is projected to reach revenues of over $9 billion by 2023, growing at a CAGR of approximately 16% during 2017-2023.

Precision Agriculture Market - Dynamics

The implementation of regulatory frameworks that helps to impart better clarity on UAV usage will augment the growth of the global precision agriculture market. The use of this system uses various monitoring and data capturing systems which helps farmers and organizations to derive meaningful insights and increase productivity in farms across the global market. The use of drones helps offer aerial imagery that can reveal patterns and expose variations related to soil variation, water distribution, and pest and fungal infestations.

The establishment of regulatory policies and rules will enable government agencies to regulate and monitor activities of drones so that it does not infringe human privacy, ground safety, data proprietorship, and cause any disturbance to civil aviation. The establishment of regulations in countries such as Australia, the UK, Germany, and Denmark will encourage the adoption of UAVs for commercial purposes in the global precision agriculture market.

Precision Agriculture Market - Segmentation

This market research report includes a detailed segmentation of the market by application, components, and geography.

Precision Agriculture Market - By Components

Federal incentives will boost the adoption of hardware in the global precision agriculture market during the forecast period.

The components segment in the global precision agriculture market is classified into hardware (drones, GPS devices, sensors, and others) and software. Hardware segment dominates a significant market share in 2017, growing at an impressive CAGR of around 13% during the forecast period. The hardware components available in the market include sensors, drones, GPS devices, smart controllers, software consists of farm data analytics, geo-spatial analytics, market updating platforms, crop management software, farm inventory management, personnel management, and weather forecasting and representation. The continuous evolution of smart hardware will propel the development of modern farm equipment integrated with additional provisions in the global market.

Sensors are gaining immense popularity in the agricultural industry as these are used for detecting temperature, pressure, IR, proximity, and ultrasonic and touch. The adoption of GPS devices and tracking systems will help auto-steering, closer monitoring of ingredient application to farm, and use of repetitive operations will augment the growth of the global precision agriculture market.

Precision Agriculture Market - By Application

GIS and remote sensing systems to gain immense popularity in the global precision agriculture market during forecast period.

The global precision agriculture market by application is segmented into guidance and monitoring systems (GIS, GNSS, and remote sensing), variable rate technology, and telematics. Guidance and monitoring systems occupied a majority market share in 2017, growing at a CAGR of around 16% during the forecast period. The exponential use of GIS and remote sensing technologies by federal agencies and research projects for large-scale analysis in agriculture industries will propel the growth of this segment in the global market.

The deployment of GPS in farming architecture to offer comprehensive solutions to farming communities will revolutionize the global market. The growing popularity of GNSS and GIS systems offer easily available, extractable, and moldable data to produce meaningful insights will drive the global precision agriculture market. GPS based tools are used for farm planning, soil sampling, swath and tractor guidance, crop scouting, field mapping, and yield monitoring applications in the agricultural industry.

Precision Agriculture Market - By Geography

Technological awareness in farming in North Americas will drive growth in the global precision agriculture market.

The global precision agriculture market by geography is categorized into North America, APAC, Europe, Latin America, and MEA. North America dominated the majority market share in 2017, growing at a CAGR of more than 14% during the forecast period. The increasing availability of technological and mechanical components such as sensors, drones, and GPS devices will drive the growth of the market in North America. The proliferation of advanced data infrastructure and a high degree of technological awareness among the farming community in North America will propel the growth of the market. The increasing focus on sustainable farm practices and technology integrated agricultural models by government agencies will attribute to the development of the market in North America.

Key Countries Profiled

  • US
  • Canada
  • China
  • India
  • Australia
  • France
  • Germany
  • Spain

Key Vendor Analysis

The increasing focus on yield maximization coupled with better quality of crops and limited and right usage of fertilizers, fungicides and pesticides is driving the competition in the global precision agriculture market. The increasing demand for infrastructure, distribution, and warehousing facilities will create new opportunities for leading vendors in the global market. The top players are offering innovative hardware and software solutions that ensures profitability, efficiency, and sustainability while protecting the environment to gain a larger global market share. Increasing investments by Mitsui, Monsanto, and Syngenta that support startups to develop solutions will boost revenues in the global market. These solutions help improving irrigation, crop spraying, harvesting, and more practices in the global market.

The major vendors in the market are:

  • AgJunction
  • Trimble Navigation
  • AGCO Corp
  • Deere & Company
  • Topcon Corp

The other prominent players in the global precision agriculture market are: AG Leader Technology, DICKEY - John Corporation, Precision Planting Company, Lindsay Corp., Raven Industries, Novaraint Inc., SST Software, TeeJet Technologies, Valmont Industries, and Yara International.

Key market insights include:

1. The analysis of global precision agriculture market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global precision agriculture market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global precision agriculture market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

Report Snapshot

The global precision agriculture market size is expected to reach revenues of more than $9 billion by 2023, growing at an impressive CAGR of around 16% by 2017-2023.

The global precision agriculture market is driven by the rising environmental awareness, growing resource costs, and impending regulatory challenges. The encroachment of forest land, indiscriminate water consumption and wastage, unscientific usage of pesticides, and fertilizers to achieve short-term productivity will propel the demand in the global market. The market research report provides in-depth market analysis and segmental analysis of the global precision agriculture market by applications, components, and geography.

Base Year: 2017
Forecast Year: 2018-2023

The study considers the present scenario of the global precision agriculture market and its market dynamics for the period 2018-2023. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply side of the market. Also, the study profiles and analyzes various leading and other prominent market participants across applications, components, and geography in the market.

Major Vendors in the Precision Agriculture Market

  • AgJunction
  • - Business Overview
  • - Major Product Offerings
  • - Key Strategies
  • - Key Strengths
  • - Key Opportunities
  • Trimble Navigation
  • AGCO Corp
  • Deere & Company
  • Topcon Corp

Prominent Players in the Precision Agriculture Market

  • AG Leader Technology
  • DICKEY - John Corporation
  • Precision Planting Company
  • Lindsay Corp.
  • Raven Industries
  • Novaraint Inc.
  • SST Software
  • TeeJet Technologies
  • Valmont Industries
  • Yara International

Market Segmentation by Application

  • Systems Guidance and Monitoring Systems
  • - GIS
  • - GNSS
  • - Remote Sensing
  • Variable Rate Technology
  • Telematics

Market Segmentation by Components

  • Hardware
  • - Drones
  • - GPS Devices
  • - Sensors
  • - Others
  • Software

Market Segmentation by Geography

  • North Americas
  • - US
  • - Canada
  • Europe
  • - France
  • - Germany
  • - Spain
  • APAC
  • - China
  • - India
  • - Australia
  • Latin America
  • MEA
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • AG Leader Technology
  • AGJunction
  • DICKEY - John Corporation
  • Novaraint Inc
  • SST Software
  • Topcon Corporation
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview

8 Market Dynamics
8.1 Market Growth Enablers
8.2 Market Growth Restraints
8.3 Market Opportunities & Trends

9 Global Precision Agriculture Market
9.1 Market Overview
9.2 Porter’s Five Forces Analysis

10 Global Precision Agriculture Market by Application
10.1 Market Overview
10.2 Guidance and Monitoring Systems
10.3 Variable Rate Technology
10.4 Telematics

11 Global Precision Agriculture Market by Component
11.1 Market Overview
11.2 Hardware
11.3 Software

12 Global Precision Agriculture Market by Geography
12.1 Market Overview

13 APAC: Precision Agriculture Market
13.1 Market Overview
13.2 Segmentation by Application
13.3 Segmentation by Component
13.4 Key Countries

14 EMEA: Precision Agriculture Market
14.1 Market Overview

15 Europe: Precision Agriculture Market
15.1 Market Overview
15.2 Segmentation by Applications
15.3 Segmentation by Components
15.4 Key Countries

16 MEA: Precision Agriculture Market
16.1 Market Overview
16.2 Segmentation by Application
16.3 Segmentation by Components

17 North America: Precision Agriculture Market
17.1 Market Overview
17.2 Segmentation by Application
17.3 Segmentation by Components
17.4 Key Countries

18 Latin America: Precision Agriculture Market
18.1 Market Overview
18.2 Segmentation by Application
18.3 Segmentation by Components

19 Competitive Landscape
19.1 Market Overview
19.2 Market Vendor Analysis

20 Key Company Profiles
20.1 AgJunction
20.2 Trimble Navigation
20.3 AGCO Corp.
20.4 Deere & Company
20.5 Topcon Corp.

21 Other Prominent Vendors
21.1 Ag Leader Technology
21.2 DICKEY-john Corp.
21.3 Precision Planting Company
21.4 Lindsay Corp.
21.5 Raven Industries
21.6 Novariant Inc.
21.7 SST Software
21.8 TeeJet Technologies
21.9 Valmont Industries
21.10 Yara International

22 Report Summary
22.1 Key Takeaways
22.2 Qualitative Summary: Global Precision Agriculture Market
22.3 Quantitative Summary: Global Precision Agriculture Market

23 Appendix
23.1 Abbreviations
23.2 Agri-tech Startups

List of Exhibits
Exhibit 1 Segmentation of Precision Agriculture Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 Number of Smart Users 2017 (million users)
Exhibit 4 Global Precision Agriculture Market 2017-2023 ($ million)
Exhibit 5 Five Forces Analysis 2017
Exhibit 6 Global Precision Agriculture Market by Application 2017 and 2023
Exhibit 7 Global Precision Agriculture Market by Application
Exhibit 8 Precision Agriculture Guidance and Monitoring Systems 2017-2023 (in $ million)
Exhibit 9 Global GNSS Market 2017-2023 ($ million)
Exhibit 10 Global GIS Market 2017-2023 ($ million)
Exhibit 11 Global Remote Sensing Market 2017-2023 ($ million)
Exhibit 12 Global Variable Rate Technology Market 2017-2023 ($ million)
Exhibit 13 Global Telematics Market 2017-2023 ($ million)
Exhibit 14 Global Precision Agriculture Market by Components 2017 and 2023
Exhibit 15 Segmentation of Precision Agriculture Market by Component
Exhibit 16 Global Precision Agriculture Market by Hardware 2017-2023 ($ million)
Exhibit 17 Sensors Market in Prison Agriculture 2017-2023 ($ million)
Exhibit 18 Major Agri-Drone Operators in US 2015-2016
Exhibit 19 Drones in Precision Agriculture Market 2017-2023 ($ million)
Exhibit 20 GPS Devices Market in Precision Agriculture 2017-2023 ($ million)
Exhibit 21 Global Precision Agriculture Market by Software 2017-2023 ($ million)
Exhibit 22 Global Precision Agriculture Market by Geography 2017 and 2023
Exhibit 23 Market Share of Various Regions 2017 ($ million)
Exhibit 24 Precision Agriculture Market in APAC 2017-2023 ($ million)
Exhibit 25 Precision Agriculture Market in APAC by Application 2017-2023 ($ million)
Exhibit 26 Precision Agriculture Market in APAC by Components 2017-2023 ($ million)
Exhibit 27 Precision Agriculture Market in APAC by Key Countries 2017 and 2023
Exhibit 28 Precision Agriculture Market in China 2017-2023 ($ million)
Exhibit 29 Precision Agriculture Market in India 2017-2023 ($ million)
Exhibit 30 Precision Agriculture Market in Australia 2017-2023 ($ million)
Exhibit 31 Precision Agriculture Market in Other Countries 2017-2023 ($ million)
Exhibit 32 Precision Agriculture Market in EMEA 2017-2023 ($ million)
Exhibit 33 Precision Agriculture Market in Europe 2017-2023 ($ million)
Exhibit 34 Precision Agriculture Market in Europe by Applications 2017-2023 ($ million)
Exhibit 35 Precision Agriculture Market in Europe by Components 2017-2023 ($ million)
Exhibit 36 Precision Agriculture Market in Europe by Key Countries 2017 and 2023
Exhibit 37 Precision Market in France 2017-2023 ($ million)
Exhibit 38 Precision Agriculture Market in Germany 2017-2023 ($ million)
Exhibit 39 Precision Agriculture Market in Spain 2017-2023 ($ million)
Exhibit 40 Precision Agriculture Market in Other Countries 2017-2023 ($ million)
Exhibit 41 Precision Agriculture Market in MEA 2017-2023 ($ million)
Exhibit 42 Precision Agriculture Market in MEA by Application 2017-2023 ($ million)
Exhibit 43 Precision Agriculture Market in MEA by Components 2017-2023 ($ million)
Exhibit 44 Precision Agriculture Market in North America 2017-2023 ($ million)
Exhibit 45 Precision Agriculture Market in North America 2017-2023
Exhibit 46 Precision Agriculture Market in North America by Components 2017-2023 ($ million)
Exhibit 47 Precision Agriculture Market in North America by Key Countries 2017 and 2023
Exhibit 48 Precision Agriculture Market in US 2017-2023 ($ million)
Exhibit 49 Precision Agriculture Market in Canada 2017-2023 ($ million)
Exhibit 50 Share of Agriculture in Latin America’s Workforce
Exhibit 51 Land Holding Structure in Latin America Economies 2014
Exhibit 52 Precision Agriculture Market in Latin America 2017-2023 ($ million)
Exhibit 53 Precision Agriculture Market in Latin America by Application 2017-2023 ($ million)
Exhibit 54 Precision Agriculture Market in Latin America by Components 2017-2023 ($ million)

List of Tables
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013-2017
Table 4 YOY Impact of Market Growth Enablers 2017-2023
Table 5 YOY Impact of Market Growth Enablers on Regions 2017
Table 6 Illustration of Returns on Precision Agriculture in US 2016
Table 7 YOY Impact of Market Growth Restraints 2017-2023
Table 8 YOY Impact of Market Growth Restraints on Regions 2017
Table 9 Big Data Framework and Scope in Agriculture
Table 10 Emerging Players in Big Data and Agricultural IoT Space
Table 11 YOY Impact of Market Opportunities & Trends 2017-2023
Table 12 YOY Impact of Market Opportunities & Trends on Regions 2017
Table 13 Advantages of Precision Agriculture over Conventional Modes
Table 14 Global Precision Agriculture Market by Application 2017-2023 ($ million)
Table 15 Global Guidance and Monitoring System by Types 2017-2023 ($ million)
Table 16 Acceptable Accuracy Requirements of Farm Applications and Technologies
Table 17 Global Precision Agriculture Market by Components 2017-2023 ($ million)
Table 18 Global Precision Agriculture Market by Hardware 2017-2023 ($ million)
Table 19 Global Precision Agriculture Market by Software 2017-2023 ($ million)
Table 20 Scope of Sensor and their Applications in Precision Agriculture
Table 21 Global Precision Agriculture Market by Hardware Types 2017-2023
Table 22 Major Farm Management Software 2010-2016
Table 23 Global Precision Agriculture Market 2017-2023 ($ million)
Table 24 Precision Agriculture Market in APAC 2017-2023 ($ million)
Table 25 Precision Agriculture Market in Europe 2017-2023 ($ million)
Table 26 Precision Agriculture Market in MEA 2017-2023 ($ million)
Table 27 Precision Agriculture Market in North America 2017-2023 ($ million)
Table 28 Precision Agriculture Market in Latin America 2017-2023 ($ million)
Table 29 Portfolio Mapping of Vendors
Table 30 Benchmarking of Vendors in Precision Agriculture Market
Table 31 Outdoor Guidance Products
Table 32 Satloc Products
Table 33 Trimble Navigation: Fleet Management Product Offerings
Table 34 Trimble Navigation: Guidance and Steering Product Offerings
Table 35 Trimble Navigation: Correction Services Product Offerings
Table 36 Trimble Navigation: Flow and Application Control Product Offerings
Table 37 Trimble Navigation: Flow and Application Control Product Offerings
Table 38 Trimble Navigation: Water Management Product Offerings
Table 39 Agco Corp: Product Offerings
Table 40 Deere & Company: Product Offerings
Table 41 Topcon Corp: Product Offerings
Table 42 Ag Leader Technology: Product Offerings
Table 43 DICKEY-john Corporation: Product Offerings
Table 44 Precision Planting Company: Product Offerings
Table 45 Raven Industries: Product Offerings
Table 46 Novariant: Product Offerings
Table 47 TeeJet Technologies: Product Offerings
Table 48 Valmont: Product Offerings
Table 49 Qualitative Summary of Global Precision Agriculture Market
Table 50 Quantitative Summary of Global Precision Agriculture Market by Geographies 2017-2023
Table 51 Quantitative Summary of Global Precision Agriculture Market by Application 2017-2023
Table 52 Quantitative Summary of Global Precision Agriculture Market by Components 2017-2023
Table 53 List Of Agri-tech Startups
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Trimble Navigation
  • AGCO Corporation
  • Topcon Corporation
  • AG Leader Technology
  • DICKEY - John Corporation
  • Precision Planting Company
  • Lindsay
  • Raven Industries
  • Novaraint Inc
  • SST Software
  • TeeJet Technologies
  • Valmont Industries
  • Yara International
  • Deere & Company
  • AgJunction
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
Adroll
adroll