Global Precision Agriculture Market to Reach USD 7.9 Bn by 2022, Says Beige Market Intelligence in Report Recently Uploaded at MarketPublishers.com08 Feb 2017 • by Natalie Aster
LONDON – Through 2022, the world’s precision agriculture market is expected to amount to the USD 7.9 billion mark, demonstrating a CAGR of 16% in the years ahead. Significant growth in the global market will likely be propelled by rising adoption of precision agriculture worldwide owing to increasing urbanization, expanding mobile connectivity and escalating usage of smartphones and other devices, favourable climatic factors, amid others.
In terms of applications, the guidance and monitoring systems sector is the most rapidly growing sector of the world’s precision agriculture market.
When it comes to regional markets, North America is likely to remain the largest and the fastest growing regional market for precision agriculture globally. The USA is predicted to continue dominating the North American precision agriculture market. Meanwhile, Europe offers a wide range of lucrative opportunities for market participants. Unfortunately, Middle East and Africa are currently non-competitive markets for precision agriculture development.
AGCO Corporation, AgJunction, Deere and Company, Trimble Navigation, Topcon Corporation are the five leading participants in the world’s precision agriculture marketplace.
Cutting-edge report “Global Precision Agriculture Market – Strategic Assessment and Forecast 2017-2022” prepared by Beige Market Intelligence offers a deep analysis of the current scenario and future growth prospects of the global precision agriculture market during 2017−2022.
This comprehensive research study highlights the key market growth driving forces, identifies the main present and emerging development trends, sheds light on the top market growth challenges and restraints, and also presents a granular review of the major regional markets (North America, APAC, EMEA and Latin America) and key country-wide markets (Australia, Canada, China, France, Germany, India, Japan, South Korea, Spain, the USA, etc.). Furthermore, the report delves deep into the competitive scenario, gives info on the leading vendors and less prominent companies active in the market. Additionally, the Porter’s five forces analysis and a thorough discussion of the key market performance aspects are available in the report.
Please, click here to open the online catalogue of research report by Beige Market Intelligence.