Global Precision Agriculture Systems Market to Observe Strong Development by 2025
New market research study provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Global Precision Agriculture Systems Industry.
Precision agricultural systems market is a modern farming technique used for measuring, observing and responding to the field variabilities in crops cycle. With the help of this system, farmers can break down a large field into smaller group of fields and manage them effectively. This results in reduced misapplication of crops and increase farm productivity and efficiency. By studying certain attributes of the filed using precision agriculture, farmers can produce more food at a fraction of the cost. In addition, to conserving soil for sustainable food production.
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Growing demand for increasing crop productivity and efficiency, government initiatives on supporting of adopting modern agricultural techniques, rapid innovation in technology are some of the drivers that are expected to boost the growth of Precision Agriculture Systems market. High cost associated with the initial investments and lack of awareness in developing region is anticipated to hinder the growth of market to a certain extent.
The global Precision Agriculture Systems market can be segmented on the basis of product type, technology, application and region. on the basis of product type, the global Precision Agriculture Systems market can be segmented into hardware, software and services. Hardware segment can be further segmented into Automation & Control System and sensing and Monitoring Devices. Software segment can be further divided into on-premise and cloud based. Services segment can be further segmented into system integration, managed, consulting and maintenance and support services. On the basis of technology, the global Precision Agriculture Systems can be segmented into remote sensing, guidance system and variable rate technologies. on the basis of application, the global Precision Agriculture Systems market can be segmented into Yield Monitoring, Boundary mapping, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management and others. In addition, yield monitoring can be further segmented into on-farm and off-farm monitoring. Field mapping can be further segmented into boundary and drainage mapping. On the basis of region, the global Precision Agriculture Systems Market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. Currently North America precision agricultural systems market accounts for the largest share of the global market. In addition, variable rate technology segment sis anticipated to gain a higher cagr during the forecast period.
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Some of the key players in the global Precision Agriculture Systems Market include Deere & Company, Trimble, Inc., Raven Industries, Agjunction, Inc., AGCO Corporation, AG Leader Technology, Precision Planting, Inc., SST Development Group, Inc., Teejet Technologies, Topcon Positioning Systems, Inc., Dickey-John Corporation and Cropmetrics LLC.
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