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Global Precision Agriculture Market Analysis, 2021

  • ID: 5439459
  • Report
  • April 2021
  • Region: Global
  • 211 Pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • Ag Leader Technology
  • AgJunction Inc.
  • CropMetrics LLC
  • Deere & Company
  • DICKEY-john Corporation
  • Farmers Edge Inc.

Market Overview


Precision agriculture, also known as site-specific crop management and satellite farming, is an advanced farming management concept that collects field-related information and further analyses it to support decision-making related to crop fertilization and harvesting.

According to the publisher's research report, Global Precision Agriculture Market Analysis, 2021, the market is likely to grow at a CAGR of around 13% during 2021-26 primarily due to the surging labor costs and scarcity of skilled laborers. Moreover, increasing farm mechanization and rising government support for modern agriculture techniques in Smart farming also drive the Global Precision Agriculture market growth.

Impact of COVID-19


The outbreak of the COVID-19 pandemic has adversely impacted the overall world economy. Due to this, the global precision agriculture market has witnessed a downfall in its growth rate due to the imposition of lockdown and strict government restrictions on the movement of people leading to cause a shortage of equipment and disruption of the supply chain. Although, Post COVID-19, the market is likely to grow tremendously in the forecast period by leveraging technologies helping in real-time decision making.

Market Segmentation


Hardware Segment Accounted for the Largest Market Share


Within the offering segment, the market is likely into Hardware, Software, and Services segments. The Hardware segment acquired the largest share in the Global Precision Agriculture Market in the previous few years due to the burgeoning use of hardware devices, such as sensors, drones, yield monitors, smartphones, and cameras installed on agricultural equipment like harvesters and tractors. It enables better crop monitoring and makes the task easier to perform. Thus, the global precision agriculture market is likely to grow considerably in the forecast period, reveals the author in their research report, Global Precision Agriculture Market Analysis, 2021.

Guidance System Grabbed the Highest Market Share


Based on the Technology, the Guidance System dominated the global precision agriculture market in the previous year due to the extensive use of GPS in processing location-based data. The use of a guidance system enhances the efficiency of processes, reduces unnecessary expenditure on agrochemicals & seeds, and helps maintain automated records, thereby providing the opportunity to drive the growth of the precision agriculture market.

Regional Landscape


North America dominated the Precision Agriculture Market


Region-wise, North America accounted for the largest share in the global precision agriculture market in the previous few years. The growth attributes to the increasing agriculture mechanization and advanced technologies & devices in agribusinesses. Since the United States is a developed nation, it is backed by high investments in developing Smart farming, thereby fueling the Precise Agricultural Market growth. Additionally, rising awareness about the quality of crops and mounting innovations further provide lucrative growth opportunities to the market.

Market Driver


Surging Adoption of Advanced Technology is fuelling the Market Growth


The rising adoption of advanced technologies like remote sensing, GPS, and variable rate technology (VRT), leads to an increased efficiency & productivity and reduced labor costs. Along with this, the implementation of technologically advanced devices helps in optimum use of resources, thus, reducing the wastage of raw material and helps in performing huge tasks in less time.

Competitive Landscape


According to the publishers, the major leading players in the global Precision Agriculture market are Deere & Company, CropMetrics LLC, Trimble Navigation Limited, Ag Leader Technology, AgJunction, Inc., AgEagle Aerial Systems Inc. (Agribotix LLC), DICKEY-john Corporation, Farmers Edge Inc., Grownetics, Inc., Granular, Inc., etc.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Precision Agriculture Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Precision Agriculture Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Precision Agriculture Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Precision Agriculture Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ag Leader Technology
  • AgJunction Inc.
  • CropMetrics LLC
  • Deere & Company
  • DICKEY-john Corporation
  • Farmers Edge Inc.

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface3. Executive Summary4. Impact of COVID-19 on Global Precision Agriculture Marketplace Market
5. Global Precision Agriculture Marketplace Market Dynamics
5.1. Growth Drivers
5.2. Challenges
5.3. Impact Analysis
6. Global Precision Agriculture Marketplace Market Policies and Product Standards7. Global Precision Agriculture Marketplace Market Trends & Insights8. Global Precision Agriculture Marketplace Market Hotspot & Opportunities9. Global Precision Agriculture Marketplace Market Key Strategic Imperatives for Success & Growth
10. Global Precision Agriculture Marketplace Market Outlook, 2016-2026F
10.1. Market Size & Analysis
10.1.1. By Revenues
10.2. Market Share & Analysis
10.2.1. By Offering
10.2.1.1. Hardware
10.2.1.2. Software
10.2.1.3. Services
10.2.2. By Application
10.2.2.1. Yield Monitoring
10.2.2.2. Field Mapping
10.2.2.3. Crop Scouting
10.2.2.4. Variable Rate Application
10.2.2.5. Soil Monitoring
10.2.2.6. Weather Tracking
10.2.3. By Technology
10.2.3.1. Guidance System
10.2.3.2. Variable Rate Technology (VRT)
10.2.3.3. Remote Sensing
10.2.4. By Region
10.2.4.1. North America
10.2.4.2. Latin America
10.2.4.3. Europe
10.2.4.4. Middle East & Africa
10.2.4.5. Asia-Pacific
10.2.5. By Company
10.2.5.1. Competition Characteristics
10.2.5.2. Market Share & Analysis
10.2.5.3. Competitive Matrix
11. North America Precision Agriculture Marketplace Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.1.1. Revenues
11.2. Market Share & Analysis
11.2.1. By Offering
11.2.2. By Application
11.2.3. By Technology
11.2.4. By Country
11.2.4.1. The US
11.2.4.2. Canada
11.3. The US Precision Agriculture Marketplace Market Outlook, 2016-2026F
11.3.1. Market Size & Analysis
11.3.1.1. Revenues
11.3.2. Market Share & Analysis
11.3.2.1. By Offering
11.3.2.2. By Application
11.3.2.3. By Technology
11.4. Canada Precision Agriculture Marketplace Market Outlook, 2016-2026F
11.4.1. Market Size & Analysis
11.4.1.1. Revenues
11.4.2. Market Share & Analysis
11.4.2.1. By Offering
11.4.2.2. By Application
11.4.2.3. By Technology
12. Latin America Precision Agriculture Marketplace Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.1.1. Revenues
12.2. Market Share & Analysis
12.2.1. By Offering
12.2.2. By Application
12.2.3. By Technology
12.2.4. By Country
12.2.4.1. Brazil
12.2.4.2. Mexico
12.2.4.3. Argentina
12.3. Brazil Precision Agriculture Marketplace Market Outlook, 2016-2026F
12.3.1. Market Size & Analysis
12.3.1.1. Revenues
12.3.2. Market Share & Analysis
12.3.2.1. By Offering
12.3.2.2. By Application
12.3.2.3. By Technology
12.4. Mexico Precision Agriculture Marketplace Market Outlook, 2016-2026F
12.4.1. Market Size & Analysis
12.4.1.1. Revenues
12.4.2. Market Share & Analysis
12.4.2.1. By Offering
12.4.2.2. By Application
12.4.2.3. By Technology
12.5. Argentina Precision Agriculture Marketplace Market Outlook, 2016-2026F
12.5.1. Market Size & Analysis
12.5.1.1. Revenues
12.5.2. Market Share & Analysis
12.5.2.1. By Offering
12.5.2.2. By Application
12.5.2.3. By Technology
13. Europe Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.1.1. Revenues
13.2. Market Share & Analysis
13.2.1. By Offering
13.2.2. By Application
13.2.3. By Technology
13.2.4. By Country
13.2.4.1. The UK
13.2.4.2. Italy
13.2.4.3. Germany
13.2.4.4. France
13.2.4.5. Spain
13.2.4.6. Russia
13.3. The UK Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.3.1. Market Size & Analysis
13.3.1.1. Revenues
13.3.2. Market Share & Analysis
13.3.2.1. By Offering
13.3.2.2. By Application
13.3.2.3. By Technology
13.4. Italy Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.4.1. Market Size & Analysis
13.4.1.1. Revenues
13.4.2. Market Share & Analysis
13.4.2.1. By Offering
13.4.2.2. By Application
13.4.2.3. By Technology
13.5. Germany Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.5.1. Market Size & Analysis
13.5.1.1. Revenues
13.5.2. Market Share & Analysis
13.5.2.1. By Offering
13.5.2.2. By Application
13.5.2.3. By Technology
13.6. France Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.6.1. Market Size & Analysis
13.6.1.1. Revenues
13.6.2. Market Share & Analysis
13.6.2.1. By Offering
13.6.2.2. By Application
13.6.2.3. By Technology
13.7. Spain Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.7.1. Market Size & Analysis
13.7.1.1. Revenues
13.7.2. Market Share & Analysis
13.7.2.1. By Offering
13.7.2.2. By Application
13.7.2.3. By Technology
13.8. Russia Precision Agriculture Marketplace Market Outlook, 2016-2026F
13.8.1. Market Size & Analysis
13.8.1.1. Revenues
13.8.2. Market Share & Analysis
13.8.2.1. By Offering
13.8.2.2. By Application
13.8.2.3. By Technology
14. Middle East & Africa Precision Agriculture Marketplace Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.1.1. Revenues
14.2. Market Share & Analysis
14.2.1. By Offering
14.2.2. By Application
14.2.3. By Technology
14.2.4. By Country
14.2.4.1. Saudi Arabia
14.2.4.2. South Africa
14.2.4.3. Rest of the Middle East & Africa
14.3. Saudi Arabia Precision Agriculture Marketplace Market Outlook, 2016-2026F
14.3.1. Market Size & Analysis
14.3.1.1. Revenues
14.3.2. Market Share & Analysis
14.3.2.1. By Offering
14.3.2.2. By Application
14.3.2.3. By Technology
14.4. South Africa Precision Agriculture Marketplace Market Outlook, 2016-2026F
14.4.1. Market Size & Analysis
14.4.1.1. Revenues
14.4.2. Market Share & Analysis
14.4.2.1. By Offering
14.4.2.2. By Application
14.4.2.3. By Technology
15. Asia-Pacific Precision Agriculture Marketplace Market Outlook, 2016-2026F
15.1. Market Size & Analysis
15.2. Revenues
15.3. Market Share & Analysis
15.3.1. By Offering
15.3.2. By Application
15.3.3. By Technology
15.3.4. By Country
15.3.4.1. China
15.3.4.2. Japan
15.3.4.3. India
15.3.4.4. South Korea
15.3.4.5. Australia
15.3.4.6. Others
15.4. China Precision Agriculture Marketplace Market Outlook, 2016-2026F
15.4.1. Market Size & Analysis
15.4.1.1. Revenues
15.4.2. Market Share & Analysis
15.4.2.1. By Offering
15.4.2.2. By Application
15.4.2.3. By Technology
15.5. Japan Precision Agriculture Marketplace Market Outlook, 2016-2026F
15.5.1. Market Size & Analysis
15.5.1.1. Revenues
15.5.2. Market Share & Analysis
15.5.2.1. By Offering
15.5.2.2. By Application
15.5.2.3. By Technology
15.6. India Precision Agriculture Marketplace Market Outlook, 2016-2026F
15.6.1. Market Size & Analysis
15.6.1.1. Revenues
15.6.2. Market Share & Analysis
15.6.2.1. By Offering
15.6.2.2. By Application
15.6.2.3. By Technology
15.7. South Korea Precision Agriculture Marketplace Market Outlook, 2016-2026F
15.7.1. Market Size & Analysis
15.7.1.1. Revenues
15.7.2. Market Share & Analysis
15.7.2.1. By Offering
15.7.2.2. By Application
15.7.2.3. By Technology
15.8. Australia Precision Agriculture Marketplace Market Outlook, 2016-2026F
15.8.1. Market Size & Analysis
15.8.1.1. Revenues
15.8.2. Market Share & Analysis
15.8.2.1. By Offering
15.8.2.2. By Application
15.8.2.3. By Technology
16. Competition Outlook
16.1. Competition Matrix
16.1.1. Product/ Solution Portfolio
16.1.2. Target Markets
16.1.3. Target End Users
16.1.4. Research & Development
16.1.5. Strategic Alliances
16.1.6. Strategic Initiatives
17. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
17.1. Deere & Company
17.2. CropMetrics LLC
17.3. Trimble Navigation Limited
17.4. Ag Leader Technology
17.5. AgJunction, Inc.
17.6. AgEagle Aerial Systems Inc. (Agribotix LLC)
17.7. DICKEY-john Corporation
17.8. Farmers Edge Inc.
17.9. Grownetics, Inc.
17.10. Granular, Inc.
18. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Deere & Company
  • CropMetrics LLC
  • Trimble Navigation Limited
  • Ag Leader Technology
  • AgJunction Inc.
  • AgEagle Aerial Systems Inc. (Agribotix LLC)
  • DICKEY-john Corporation
  • Farmers Edge Inc.
  • Grownetics Inc.
  • Granular Inc.
Note: Product cover images may vary from those shown