Precision Agriculture Market Share, Size and Forecast By 2022

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Precision Agriculture Market
GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY
FORECAST 2018- 2025
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CURRENT AND FUTURE MARKET SCENARIO

• The global Precision agriculture market is
  expected to garner 7.8 billion by 2022.
• The global Precision agriculture market
  registering a CAGR of 14.9 during the forecast
  period 2016 - 2022.
• Hardware held a higher share in the component
  segment in 2015, with over 50 revenue share and
  is expected to dominate the market during the
  forecast period.
• GPS technology held a significant share in
  theprecision agriculture market in 2015.
• The report provides a comprehensive analysis of
  the global precision farming market with current
  trends and future growth opportunities,
  challenges, and competitive scenario.
• Value chain analysis provides key inputs on the
  role of different stakeholders involved at
  various stages.

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FACTORS CONTRIBUTING TO MARKET GROWTH
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• Growing adoption of smart phones
• Aggrandized use of cloud technology
• Booming population

Precision agriculture technologies include GPS,
GIS, telematics, Variable rate technology (VRT),
and remote sensing. Among the mentioned
technologies, GPS is the largest revenue
contributor, owing to its ability to help farmers
and agriculture service providers to
automatically record the field data and apply
variable rate of inputs to smaller areas within
larger fields. From a growth perspective,
geographic information system (GIS) technology is
anticipated to exhibit the highest CAGR of 15.7,
driven by higher adoption mainly in North America
and Europe.
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Precision Agriculture Market Segmentation

• BY TECHNOLOGY
• Geographic information system (GIS)
• Telematics
• Variable rate technology (VRT)
• Global positioning system (GPS)
• Remote Sensing

• By COMPONENT
• Hardware.
• Software
• Others

Among the component segments, hardware accounted
for the higher revenue share in 2015, owing to
high demand of hardware components such as drone,
ASS, and RADAR. The software market, encompassing
inventory management software, people management
software and financial management software among
others, is expected to witness the highest growth
during the forecast period with a CAGR of over
15, owing to its ability of these software to
enhance equipments operating efficiency and
smartphone integration with field machinery and
devices for easy access of information.
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GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• Asia-Pacific constituted around 16 of the total
  market revenue in 2015 and is likely to be the
  fastest growing region over the forecast period.

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LEADING MARKET PLAYERS

• Deere Company
• CropMetrics LLC
• Trimble Navigation Limited 
• CropX
• AgSmarts Inc
• AgSense LLC 
• AGCO Corporation
• Dickey-John Corporation 
• Monsanto Company
• Ag Leader Technology

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• A Report Titled Precision Agriculture Market-
  Global Opportunities And Forecasts, 2018 2025
  Has Been Recently Published By Allied Market
  Research. It Makes An In-depth Analysis Of
  Current Trends, Drivers, And Restraining Factors
  That Affect Financial Ratios Relevant To The
  Industry. Company Profiles For Key Vendors In
  Business Builds A Comprehensive Picture Of
  Profitable Opportunities From Stakeholders
  Perspective.
• To Know More About Precision Agriculture Market-
  Opportunities and Forecasts, 2018 2024
  https//www.alliedmarketresearch.com/precision-agr
  iculture-market
• Download Sample Report- https//www.alliedmarketre
  search.com/request-sample/1422
• Follow Allied Market Research

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