EUROPE PRECISION FARMING MARKET FORECAST 2018-2026
KEY FINDINGS
Precision farming involves advance farming techniques such as the use of software and hardware for observing, measuring and responding to intra-field variability in crops, which ultimately results in better crop management and higher output. The Europe precision farming market is slated to rise with a CAGR of 12.02% over the forecast period of 2018-2026.
MARKET INSIGHTS
Germany, France and Italy are the leading markets in this region. Precision farming is widely being adopted in Europe in order to mitigate the costs associated with inputs like seeds, fertilizers, etc. Also, the implementation of these techniques ensures farm data security and privacy. The farm data related to planting, production and harvesting practices can be sent by farmers to ATPs (agricultural technology providers) through these technologies. Driven by these factors, the precision farming market in Europe is progressing considerably.
COMPETITIVE INSIGHTS
Some of the well-known companies such as Agribotix, Mts Systems Corp, Topcon Corp, Trimble Navigation Limited, Raven Industries Inc,Dupont, Cropx Ltd, Agco Corp, Basf Se and Nozzleworks Inc are actively involved in this market.
Precision farming involves advance farming techniques such as the use of software and hardware for observing, measuring and responding to intra-field variability in crops, which ultimately results in better crop management and higher output. The Europe precision farming market is slated to rise with a CAGR of 12.02% over the forecast period of 2018-2026.
MARKET INSIGHTS
Germany, France and Italy are the leading markets in this region. Precision farming is widely being adopted in Europe in order to mitigate the costs associated with inputs like seeds, fertilizers, etc. Also, the implementation of these techniques ensures farm data security and privacy. The farm data related to planting, production and harvesting practices can be sent by farmers to ATPs (agricultural technology providers) through these technologies. Driven by these factors, the precision farming market in Europe is progressing considerably.
COMPETITIVE INSIGHTS
Some of the well-known companies such as Agribotix, Mts Systems Corp, Topcon Corp, Trimble Navigation Limited, Raven Industries Inc,Dupont, Cropx Ltd, Agco Corp, Basf Se and Nozzleworks Inc are actively involved in this market.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. INCREASED ADOPTION OF AUTO STEERING AND VARIABLE RATE CONTROLS
3.2.2. INCREASED MERGERS AND ACQUISITIONS
4. MARKET DYNAMICS
4.1. MARKET DEFINITION
4.2. DRIVERS
4.2.1. FOCUS ON SUSTAINABLE AGRICULTURE
4.2.2. GROWING AWARENESS AND ACCEPTANCE
4.2.3. NEED TO MAXIMIZE FOOD PRODUCTION
4.2.4. OPTIMIZATION OF INPUTS
4.2.5. CONTROL OVER FARM DATA
4.3. RESTRAINTS
4.3.1. HIGH INITIAL INVESTMENT
4.3.2. IMPLEMENTATION ISSUES
4.4. OPPORTUNITIES
4.4.1. GROWING PROMINENCE OF TELEMATICS TECHNOLOGIES
4.4.2. WIDE PORTFOLIO OF OFFERINGS
4.5. CHALLENGES
4.5.1. LACK OF STANDARDIZATION
4.5.2. IMPACT OF FARM INCOME
5. MARKET BY TECHNOLOGY
5.1. GUIDANCE SYSTEM TECHNOLOGIES
5.2. REMOTE SENSING AND CONTROL SYSTEMS
5.3. VARIABLE RATE TECHNOLOGY
6. MARKET BY TYPE
6.1. HARDWARE
6.1.1. AUTOMATION AND CONTROL SYSTEMS
6.1.2. SENSING AND MONITORING DEVICES
6.2. SOFTWARE
6.2.1. FARM MANAGEMENT SOFTWARE
7. MARKET BY APPLICATIONS
7.1. SOIL MONITORING
7.2. YIELD MONITORING
7.3. SOFTWARE APPLICATIONS
7.4. VARIABLE RATE APPLICATIONS
7.5. FIELD MAPPING
7.6. OTHERS
8. KEY ANALYTICS
8.1. PORTER’S 5 FORCE ANALYSIS
8.1.1. THREAT OF NEW ENTRANTS
8.1.2. THREAT OF SUBSTITUTE PRODUCTS
8.1.3. BARGAINING POWER OF BUYERS
8.1.4. BARGAINING POWER OF SUPPLIERS
8.1.5. INTENSITY OF COMPETITIVE RIVALRY
8.2. KEY BUYING CRITERIA
8.2.1. INITIAL COST (IMPLEMENTATION COST)
8.2.2. PAYBACK PERIOD
8.2.3. EASE OF UNDERSTANDING
8.2.4. FEATURE AVAILABILITY
8.2.5. PORTFOLIO OF OFFERINGS
8.2.6. TECHNOLOGICAL ADVANCEMENT
8.2.7. INTEGRATION ABILITY
8.3. KEY TRENDS
8.3.1. INCREASING USE OF UAVS
8.3.2. STRONG EXPECTED GROWTH OF WEATHER TRACKING AND FORECASTING
8.4. VENDOR LANDSCAPE
8.5. OPPORTUNITY MATRIX
9. GEOGRAPHICAL ANALYSIS
9.1. GERMANY
9.2. FRANCE
9.3. ITALY
9.4. UK
9.5. SPAIN
9.6. REST OF EUROPE
10. COMPANY PROFILES
10.1. AG LEADER TECHNOLOGY INC
10.2. AGCO CORP
10.3. AGDATA
10.4. AGJUNCTION INC
10.5. AG-NAV INC
10.6. AGRIBOTIX
10.7. AGRIUM INC
10.8. BASF SE
10.9. CROPX LTD
10.10. DEERE & CO
10.11. DUPONT
10.12. FARMERS EDGE PRECISION CONSULTING INC
10.13. MONSANTO COMPANY
10.14. MTS SYSTEMS CORP
10.15. NOZZLEWORKS INC
10.16. RAVEN INDUSTRIES INC
10.17. SST DEVELOPMENT GROUP INC
10.18. TEEJET TECHNOLOGIES
10.19. TOPCON CORP
10.20. TRIMBLE NAVIGATION LIMITED
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. INCREASED ADOPTION OF AUTO STEERING AND VARIABLE RATE CONTROLS
3.2.2. INCREASED MERGERS AND ACQUISITIONS
4. MARKET DYNAMICS
4.1. MARKET DEFINITION
4.2. DRIVERS
4.2.1. FOCUS ON SUSTAINABLE AGRICULTURE
4.2.2. GROWING AWARENESS AND ACCEPTANCE
4.2.3. NEED TO MAXIMIZE FOOD PRODUCTION
4.2.4. OPTIMIZATION OF INPUTS
4.2.5. CONTROL OVER FARM DATA
4.3. RESTRAINTS
4.3.1. HIGH INITIAL INVESTMENT
4.3.2. IMPLEMENTATION ISSUES
4.4. OPPORTUNITIES
4.4.1. GROWING PROMINENCE OF TELEMATICS TECHNOLOGIES
4.4.2. WIDE PORTFOLIO OF OFFERINGS
4.5. CHALLENGES
4.5.1. LACK OF STANDARDIZATION
4.5.2. IMPACT OF FARM INCOME
5. MARKET BY TECHNOLOGY
5.1. GUIDANCE SYSTEM TECHNOLOGIES
5.2. REMOTE SENSING AND CONTROL SYSTEMS
5.3. VARIABLE RATE TECHNOLOGY
6. MARKET BY TYPE
6.1. HARDWARE
6.1.1. AUTOMATION AND CONTROL SYSTEMS
6.1.2. SENSING AND MONITORING DEVICES
6.2. SOFTWARE
6.2.1. FARM MANAGEMENT SOFTWARE
7. MARKET BY APPLICATIONS
7.1. SOIL MONITORING
7.2. YIELD MONITORING
7.3. SOFTWARE APPLICATIONS
7.4. VARIABLE RATE APPLICATIONS
7.5. FIELD MAPPING
7.6. OTHERS
8. KEY ANALYTICS
8.1. PORTER’S 5 FORCE ANALYSIS
8.1.1. THREAT OF NEW ENTRANTS
8.1.2. THREAT OF SUBSTITUTE PRODUCTS
8.1.3. BARGAINING POWER OF BUYERS
8.1.4. BARGAINING POWER OF SUPPLIERS
8.1.5. INTENSITY OF COMPETITIVE RIVALRY
8.2. KEY BUYING CRITERIA
8.2.1. INITIAL COST (IMPLEMENTATION COST)
8.2.2. PAYBACK PERIOD
8.2.3. EASE OF UNDERSTANDING
8.2.4. FEATURE AVAILABILITY
8.2.5. PORTFOLIO OF OFFERINGS
8.2.6. TECHNOLOGICAL ADVANCEMENT
8.2.7. INTEGRATION ABILITY
8.3. KEY TRENDS
8.3.1. INCREASING USE OF UAVS
8.3.2. STRONG EXPECTED GROWTH OF WEATHER TRACKING AND FORECASTING
8.4. VENDOR LANDSCAPE
8.5. OPPORTUNITY MATRIX
9. GEOGRAPHICAL ANALYSIS
9.1. GERMANY
9.2. FRANCE
9.3. ITALY
9.4. UK
9.5. SPAIN
9.6. REST OF EUROPE
10. COMPANY PROFILES
10.1. AG LEADER TECHNOLOGY INC
10.2. AGCO CORP
10.3. AGDATA
10.4. AGJUNCTION INC
10.5. AG-NAV INC
10.6. AGRIBOTIX
10.7. AGRIUM INC
10.8. BASF SE
10.9. CROPX LTD
10.10. DEERE & CO
10.11. DUPONT
10.12. FARMERS EDGE PRECISION CONSULTING INC
10.13. MONSANTO COMPANY
10.14. MTS SYSTEMS CORP
10.15. NOZZLEWORKS INC
10.16. RAVEN INDUSTRIES INC
10.17. SST DEVELOPMENT GROUP INC
10.18. TEEJET TECHNOLOGIES
10.19. TOPCON CORP
10.20. TRIMBLE NAVIGATION LIMITED
LIST OF TABLES
TABLE 1 EUROPE PRECISION FARMING MARKET BY COUNTRY 2018-2026 ($ MILLION)
TABLE 2 MERGERS AND ACQUISITIONS IN PRECISION FARMING MARKET IN US 2012-2015
TABLE 3 EUROPE PRECISION FARMING MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)
TABLE 4 EUROPE PRECISION FARMING MARKET BY TYPE 2018-2026 ($ MILLION)
TABLE 5 EUROPE HARDWARE MARKET BY TYPE 2018-2026 ($ MILLION)
TABLE 6 EUROPE SOFTWARE MARKET BY TYPES 2018-2026 ($ MILLION)
TABLE 7 EUROPE PRECISION FARMING MARKET BY APPLICATION 2018-2026 ($ MILLION)
TABLE 8 KEY BUYING CRITERIA FOR PRECISION FARMING TECHNOLOGIES AND THEIR IMPACT
TABLE 9 CHANGED IMPORTANCE OF KEY BUYING CRITERIA OVER TIME IN ALL REGIONS
TABLE 10 EUROPE PRECISION FARMING MARKET BY COUNTRY 2018-2026 ($ MILLION)
TABLE 1 EUROPE PRECISION FARMING MARKET BY COUNTRY 2018-2026 ($ MILLION)
TABLE 2 MERGERS AND ACQUISITIONS IN PRECISION FARMING MARKET IN US 2012-2015
TABLE 3 EUROPE PRECISION FARMING MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)
TABLE 4 EUROPE PRECISION FARMING MARKET BY TYPE 2018-2026 ($ MILLION)
TABLE 5 EUROPE HARDWARE MARKET BY TYPE 2018-2026 ($ MILLION)
TABLE 6 EUROPE SOFTWARE MARKET BY TYPES 2018-2026 ($ MILLION)
TABLE 7 EUROPE PRECISION FARMING MARKET BY APPLICATION 2018-2026 ($ MILLION)
TABLE 8 KEY BUYING CRITERIA FOR PRECISION FARMING TECHNOLOGIES AND THEIR IMPACT
TABLE 9 CHANGED IMPORTANCE OF KEY BUYING CRITERIA OVER TIME IN ALL REGIONS
TABLE 10 EUROPE PRECISION FARMING MARKET BY COUNTRY 2018-2026 ($ MILLION)
LIST OF FIGURES
FIGURE 1 EUROPE PRECISION FARMING MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)
FIGURE 2 ARABLE LAND IN NORTH AMERICA 1961-2012 (HA PER PERSON)
FIGURE 3 WORLD POPULATION (BILLIONS OF LIVES) VERSUS ARABLE LAND (HECTARE PER PERSON) 1950-2025
FIGURE 4 EUROPE GUIDANCE SYSTEM MARKET 2018-2026 ($ MILLION)
FIGURE 5 EUROPE REMOTE SENSING AND CONTROL SYSTEMS MARKET 2018-2026 ($ MILLION)
FIGURE 6 EUROPE VARIABLE RATE MARKET 2018-2026 ($ MILLION)
FIGURE 7 EUROPE HARDWARE MARKET 2018-2026 ($ MILLION)
FIGURE 8 EUROPE AUTOMATION AND CONTROL SYSTEMS MARKET 2018-2026 ($ MILLION)
FIGURE 9 EUROPE SENSING AND MONITORING DEVICES MARKET 2018-2026 ($ MILLION)
FIGURE 10 EUROPE SOFTWARE MARKET 2018-2026 ($ MILLION)
FIGURE 11 EUROPE FARM MANAGEMENT SOFTWARE MARKET 2018-2026 ($ MILLION)
FIGURE 12 EUROPE SOIL MONITORING MARKET 2018-2026 ($ MILLION)
FIGURE 13 EUROPE YIELD MONITORING MARKET 2018-2026 ($ MILLION)
FIGURE 14 EUROPE SOFTWARE APPLICATIONS MARKET 2018-2026 ($ MILLION)
FIGURE 15 EUROPE VARIABLE RATE APPLICATIONS MARKET 2018-2026 ($ MILLION)
FIGURE 16 EUROPE FIELD MAPPING MARKET 2018-2026 ($ MILLION)
FIGURE 17 EUROPE OTHERS MARKET 2018-2026 ($ MILLION)
FIGURE 18 GERMANY PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 19 FRANCE PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 20 ITALY PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 21 UK PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 22 SPAIN PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 23 REST OF EUROPE PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 1 EUROPE PRECISION FARMING MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)
FIGURE 2 ARABLE LAND IN NORTH AMERICA 1961-2012 (HA PER PERSON)
FIGURE 3 WORLD POPULATION (BILLIONS OF LIVES) VERSUS ARABLE LAND (HECTARE PER PERSON) 1950-2025
FIGURE 4 EUROPE GUIDANCE SYSTEM MARKET 2018-2026 ($ MILLION)
FIGURE 5 EUROPE REMOTE SENSING AND CONTROL SYSTEMS MARKET 2018-2026 ($ MILLION)
FIGURE 6 EUROPE VARIABLE RATE MARKET 2018-2026 ($ MILLION)
FIGURE 7 EUROPE HARDWARE MARKET 2018-2026 ($ MILLION)
FIGURE 8 EUROPE AUTOMATION AND CONTROL SYSTEMS MARKET 2018-2026 ($ MILLION)
FIGURE 9 EUROPE SENSING AND MONITORING DEVICES MARKET 2018-2026 ($ MILLION)
FIGURE 10 EUROPE SOFTWARE MARKET 2018-2026 ($ MILLION)
FIGURE 11 EUROPE FARM MANAGEMENT SOFTWARE MARKET 2018-2026 ($ MILLION)
FIGURE 12 EUROPE SOIL MONITORING MARKET 2018-2026 ($ MILLION)
FIGURE 13 EUROPE YIELD MONITORING MARKET 2018-2026 ($ MILLION)
FIGURE 14 EUROPE SOFTWARE APPLICATIONS MARKET 2018-2026 ($ MILLION)
FIGURE 15 EUROPE VARIABLE RATE APPLICATIONS MARKET 2018-2026 ($ MILLION)
FIGURE 16 EUROPE FIELD MAPPING MARKET 2018-2026 ($ MILLION)
FIGURE 17 EUROPE OTHERS MARKET 2018-2026 ($ MILLION)
FIGURE 18 GERMANY PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 19 FRANCE PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 20 ITALY PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 21 UK PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 22 SPAIN PRECISION FARMING MARKET 2018-2026 ($ MILLION)
FIGURE 23 REST OF EUROPE PRECISION FARMING MARKET 2018-2026 ($ MILLION)
