The Precision Farming Market size was valued at US$ 7.58 Billion in 2021 and the total precision farming revenue is expected to grow at 12.9% through 2022 to 2029, reaching nearly US$ 20.02 Billion.
Precision Farming Market Overview:
The Precision Farming Market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses’ concentration on the Precision Farming Market .
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This Precision Farming Market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Precision Farming Market ; our specialists will aid you in making an informed market choice to achieve market growth.
The precision agriculture market is further segmented into hardware, software, and services. The precision agricultural equipment market is expected to become the largest in 2029. The precision agriculture market has been classified into three segments based on their offerings.
Hardware, Software and Services. Hardware held the largest market share in 2021 due to the widespread introduction of automation and control devices such as drones/UAVs, GPS/GNSS, irrigation controllers, guidance and guidance systems, yield monitors and sensors.
Increasing use of new technologies and improved precision farming equipment is expected to drive the growth of the precision farming hardware market. The precision agriculture services market is expected to develop at the fastest CAGR (2022-2029) during the forecast period. Rising demand for managed services is a major factor driving the growth of the precision agriculture services market.
The precision agriculture market is segmented based on technology into GNSS, GIS, remote sensing, and VRT. Floating rate technology is expected to hold the largest share in 2029.
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Key Players: The following are the key players of the Precision Farming Market –
• Deere & Company
• AGCO Corporation
• Raven Industries
• Topcon Positioning
• Granular Inc
• Agrivi Ltd.
• Monsanto Company
• Dickey-John Corporation
• Ag Leader Technology
• CNH Industrial NV
• SST Development Group.
• Trimble Navigation Limited
• Tetra Laval Holdings B.V.
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The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Precision Farming Market : The research also addresses the impact of COVID-19 on the Precision Farming Market . The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Precision Farming Market . The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the global Health Insurance Market in the next years.
Key Questions Answered in the Precision Farming Market Report are:
- What will be the CAGR of the Precision Farming Market during the forecast period (2021-2029)?
- Which segment emerged as the leading segment in the Precision Farming Market ?
- Which are the prominent players in the Precision Farming Market ?
- What key trends are likely to emerge in the Precision Farming Market in the forecast period?
- What will be the Precision Farming Market size by 2029?
- Which company held the largest share in the Precision Farming Market in 2021?
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