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North America Precision Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4894023
  • Report
  • December 2019
  • Region: North America
  • 88 pages
  • IMARC Group
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The North America precision agriculture market reached a value of US$ 2.87 Billion in 2018. Precision agriculture, also known as satellite agriculture or site-specific crop management (SSCM), is one of the most popular innovations witnessed by modern farming. It is the concept of managing accurate variabilities within a field to grow more food with less agricultural inputs while reducing the overall production cost. Precision agriculture relies upon specialized equipment, software and IT services to offer real-time data about the condition of the soil, ambient air and crops as well as other important information, such as labor costs, availability of equipment and local weather predictions. The retrieved data is used by farmers to know about the precise planting times, crop rotation and harvesting time. It also helps farmers in reducing the usage of water, pesticides, herbicides and fertilizers, thereby, making the technique cost-effective.

North America precision agriculture market is currently being driven by several factors. Being an urbanized region, the farmers in the region are increasingly relying on smartphones and other intelligent mediums to remain updated about the latest development in the agricultural sector. Moreover, through precision agriculture, farmers can easily determine the peak conditions required for plant growth by placing sensors throughout the place. These sensors are connected to digital applications and record rainfall, soil conditions in different areas, thereby helping the farmers to maximize their benefits. Apart from this, the precision agriculture techniques enable its users to visualize production levels, soil moisture, and sunlight intensity in real-time and remotely accelerate the decision-making process. The data collected from these techniques enable agronomists to properly analyze the production quality and result in better correlation to treatments. These analyses are further used to educate farmers about the processes that are to be used for production, thereby improving the quality of the final product. Looking forward, the publisher expects the market to reach a value of US$ 5.66 Billion by 2024, registering a CAGR of around 12% during 2019-2024.

Report Scope:

North America Precision Agriculture Market

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Technology
GNSS/GPS Systems
GIS
Remote Sensing
Variable Rate Technology (VRT)
Others

Market by Type
Automation and Control Systems
Sensing and Monitoring Devices
Farm Management Systems

Market by Component
Hardware
Software

Market by Application
Mapping
Crop Scouting
Yield Monitoring
Soil Monitoring
Precision Irrigation
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:
  • How has the North America precision agriculture market performed so far and how will it perform in the coming years?
  • What are the key regions in the North America precision agriculture market?
  • What is the breakup of the North America precision agriculture market on the basis of technology?
  • What is the breakup of the North America precision agriculture market on the basis of type?
  • What is the breakup of the North America precision agriculture market on the basis of component?
  • What is the breakup of the North America precision agriculture market on the basis of application?
  • What are the various stages in the value chain of the North America precision agriculture industry?
  • What are the key driving factors and challenges in the North America precision agriculture industry?
  • What is the structure of the North America precision agriculture industry and who are the key players?
  • What is the degree of competition in the North America precision agriculture industry?
Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: North America, United States and Canada
Segments Covered: Technology, Type, Component and Application.

Report Customization: Although the publisher has tried to cover everything in the North America precision agriculture market landscape, the publisher believes that every stakeholder may have their own specific needs. In view of this, the publisher provides up to 20-man hours of free customization for each report.
Note: Product cover images may vary from those shown
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1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Precision Agriculture Market
5.1 Market Performance
5.2 Market Breakup by Technology
5.3 Market Breakup by Type
5.4 Market Breakup by Component
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast

6 North America Precision Agriculture Market
6.1 Market Performance
6.2 Market Forecast

7 North America Precision Agriculture Market: Breakup by Technology
7.1 GNSS/GPS Systems
7.2 GIS
7.3 Remote Sensing
7.4 Variable Rate Technology (VRT)
7.5 Others

8 North America Precision Agriculture Market: Breakup by Type
8.1 Automation and Control Systems
8.2 Sensing and Monitoring Devices
8.3 Farm Management Systems

9 North America Precision Agriculture Market: Breakup by Component
9.1 Hardware
9.2 Software

10 North America Precision Agriculture Market: Breakup by Application
10.1 Mapping
10.2 Crop Scouting
10.3 Yield Monitoring
10.4 Soil Monitoring
10.5 Precision Irrigation
10.6 Others

11 North America Precision Agriculture Market: Breakup by Country
11.1 United States
11.1.1 Historical market Trends
11.1.2 Market Breakup by Technology
11.1.3 Market Breakup by Type
11.1.4 Market Breakup by Component
11.1.4 Market Breakup by Application
11.1.5 Market Forecast
11.2 Canada
11.2.1 Historical market Trends
11.2.2 Market Breakup by Technology
11.2.3 Market Breakup by Type
11.2.4 Market Breakup by Component
11.2.4 Market Breakup by Application
11.2.5 Market Forecast

12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 Value Chain Analysis

14 Porter’s Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Rivalry
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
Note: Product cover images may vary from those shown
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