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Global Precision Agriculture Market – By Technology, Hardware and Software components, Applications, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2014-2020)

December 2015 | 130 pages | ID: G44D1C8BA03EN

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Precision farming is generally described as information and technology based farm management system to identify, manage variability within fields for optimum profitability, analyze, protection of land resources and sustainability. Precision Farming is an area of farming techniques associated with management of variability of soil, water, nutrients, crop and environmental factors.

The ultimate goal of using precision farming techniques is to expand the yield level with specific use of resources.

Supply – Demand Scenario:

The global precision farming market was 2.41 billion USD in 2014 and is estimated to reach 5.04 billion USD by 2020 growing at a rate of 13.08% compounded annually. Farm Management systems have the highest market share in 2014 and is expected to drive the market during the forecasted period

Growth by Region:

Precision farming is witnessed to be in the advanced stage in the United States market. As such, this market is expected to see improvement in the current systems, along with the adoption of variable rate applicators, thus driving the market growth. Apart from United States, other countries like Argentina, countries in Eastern Europe, Brazil and China are fuelling a strong growth as they are in advance stages in the adoption life cycle; also, due to the large consolidated farming operations in those regions.

Drivers vs. Constraints:

Encouraging government legislations and policies for the adoption of precision agriculture techniques, the growing demand for food, energy, crop health and cost savings, and the growing agro industry are acting as driving factors for this industry.

Factors like high initial investments, and lack of awareness and their impact analysis are hindering the growth of the market

Industry Structure and Updates:

New developments in the agro industry will also cater the demand for precision farming products. One of the great applications of precision farming products is because of its high adoption rate, multiple applications and the variable rate technology and thus, is expected to drive the industry growth for the forecasted period.
Precision Agriculture Market
Global Precision Agriculture Market – By Technology, Hardware and Software components, Applications, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2014- 2020)
Our Research Methodology
Executive Summary


Precision Agriculture Market- Segmentation
Porter's 5 Forces



Global Precision Agriculture Market Segmentation, Forecasts and Trends - by Revenue

By Technology
    Guidance Systems
    Global Positioning System
    GNSS Application in Precision Farming
    Geographic Information System
    GIS Adoption In The U.S.
    Remote Sensing
    Variable Rate Technology (VRT)
    Variable Rate Fertilizer
    Variable Rate Pesticide
    Variable Rate Seeding
By Hardware & Software Components
    Automation & Control System
    Sensing and Monitoring Devices
    Farm Management System
By Application
    Yield Monitoring
    On-Farm Yield Monitoring
    Off-Farm Field Monitoring
    Variable Rate Application
    Map-Based VRA
    Sensor-Based VRA
    Field Applications
    Field Applications Analysis in The U.S. Market
    Fertilizer VRA
    Nitrogen VRA
    Phosphorus VRA
    Lime VRA
    Seeding VRA
    Pesticide VRA
Field Mapping
    Boundary Mapping
    Drainage Mapping
Soil Monitoring
    Moisture Monitoring
    Nutrient Monitoring
By Geography
    North America
    South America
    Rest of the World
        South Africa
        Middle East

Company Profiling

AGCO Corporation
Agjunction Inc.
Ag Leader Technology
Deere & Company.
Dickey-John Corporation
Precision Planting Inc.
Raven Industries Inc.
Teejet Technologies
Topcon Precision Agriculture
Trimble Navigation Limited

Industry Structure

Industry M&As, Consolidations
Supplier Market Shares

Global Precision Agriculture Market - Road Ahead


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