Insights into the Industry

The precision agriculture industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of precision agriculture ’s industry size can be attributed to rising investments in research & development activities, entry of new players, product innovation, technological breakthroughs, effective allocation of resources, and growing competition among business rivals to expand its regional as well as customer base. Supportive government policies and incentives, as well as favorable laws, are projected to determine the growth of the precision agriculture market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards precision agriculture 's market proceeds.

This market research report is a comprehensive overview of the events taking place in the precision agriculture industry and impacting its growth. Our report divides the precision agriculture market into various segments or categories based on products, applications, region, etc.  Additionally, our research analysts have listed the key players of the global precision agriculture market and compared them based on metrics such as market revenue, Y-O-Y sales, shipments volume, historical data, and successful implementation of business strategies such as strategic alliances, mergers & acquisitions, joint ventures, product development, and partnerships & collaborations.

Market Research Store (MRS) published a brand new report titled “Precision Agriculture Market research report which is segmented by Products (Hardware, Software, Services), by Applications (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management), by Key Players/Companies Deere & Company, Trimble Inc., Ag Leader Technology, Iteris Inc., Teejet Technologies, Bayer CropScience AG, AgJunction Inc., CropMetrics, AGCO Corporation, Farmers Edge Inc.”. In 2020, the global precision agriculture market value was registered at XX (USD Million/Billion) and is predicted to reach XX (USD Million/Billion) at a CAGR of XX% by 2028.

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Scope of the report

Report Attributes Report Details
Report Title Precision Agriculture Market Research Report
By Products Hardware, Software, Services
By Applications Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management
By Key Players Deere & Company, Trimble Inc., Ag Leader Technology, Iteris Inc., Teejet Technologies, Bayer CropScience AG, AgJunction Inc., CropMetrics, AGCO Corporation, Farmers Edge Inc.
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East And Africa (MEA)
Countries Covered North America : U.S and Canada
Europe : U.K, Spain, Germany, Italy, Russia, France, Rest of Europe
APAC : Japan, India, China, Australia, South Korea, South East Asia, Rest of Asia Pacific
Latin America : Mexico, Brazil
The Middle East And Africa : South Africa, UAE, Saudi Arab, Rest of MEA
Base Year 2020
Historical Year 2016to 2020 (Depending on availability, data from 2010 can be offered)
Forecast Year 2028
Number of Pages 122
Customization Available Yes, the report can be tailored to meet your specific requirements.

Based on these findings, the global precision agriculture industry study suggests strategies to existing market participants as to how they can improve & reinforce their market position. In addition to this, the study also recommends successful market penetrating strategies for new entrants. Furthermore, precision agriculture industry study report has included all major manufacturers and distributors operating in the precision agriculture market across all major regions.

Precision Agriculture Market Strategic Analysis

Various analytical methods such as Porter’s Five Force Analysis, SWOT analysis, Market Share Analysis, Competitive Analysis, PESTEL Analysis, Market Attractiveness Analysis, and Value Chain Analysis have been used to analyze the market in the research report. These assessments help users of the report in examining and evaluating precision agriculture market on the basis of different metrics such as switching costs, economies of scale, current sales, brand loyalty, brand equity, capital investments, production rights, research & development activities, copyrights & patents, legislations, effects of promotional activities, and consumer preferences.

Global Precision Agriculture  Market Y-O-Y Forecast 2016 - 2028

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The information provided in our market research report is anticipated to help the industry stakeholders in the effective decision-making process and successful business outcomes. Moreover, we have been using Ansoff Matrix to help firms analyze and plan their business growth strategies.

Additionally, our report contains a growth-share matrix that aids firms’ business decisions for prioritizing their myriad businesses. We have also included GE Nine Cell Matrix that is helpful in making strategic planning and can help firms in determining their position in the market along with analyzing their growth strategies.

Our researchers also make use of the perceptual map to demonstrate how to target consumers feel about a given brand and form perception about it. We have also included the Customer-Based Brand Equity (CBBE) Model for helping firms effectively position their brands.

Precision Agriculture Market Key Trends Analysis

The key factors influencing the growth of the precision agriculture market have been assessed in the report. Factors having a huge influence on market demand and restraining factors that impact the development of the market are both addressed rigorously & in-depth in our global market research report.

Furthermore, trends that play a key role in market’s growth are discussed comprehensively in the report. Moreover, a large number of qualitative factors or measurements are included in the report and this includes operating risks and major obstacles encountered by players in the industry.

Precision Agriculture Market Key Segment Analysis

The report delivers a critical assessment on the precision agriculture market by segmenting it based on Products, Applications, and region. All the segments and categories of the precision agriculture market have been evaluated based on past, present and future trends and are key parameters determining & defining the growth of the market.

The data for the market and its segments and categories are provided from 2016 to 2028. The report has identified the key segments and categories contributing substantially towards overall market growth in terms of revenue & volume.

Based on Products, the global precision agriculture market is segmented into Hardware, Software, Services. Comprehensive qualitative and quantitative this segment analysis will be provided in the report from 2016 to 2028.

Based on Applications, market is divided into Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management. A slew of business growth opportunities and dynamics affecting the different segments are analyzed and discussed in the report.

Impact Assessment of COVID-19

The COVID-19 outbreak has wreaked havoc on worldwide economic and social systems. The disease has entered several industries' value and supply chains, including the precision agriculture market. The government imposed lockdowns in various locations. We will examine the impact of the COVID-19 pandemic on the global market, looking at both demand and supply.

The COVID-19 pandemic's short- and long-term impacts would be explored to provide a summary. This would help build business plans for all market participants, including manufacturers, vendors, suppliers, distributors, and end-users, during and after the epidemic.

Precision Agriculture Market Regional Trends and Market Player’s Analysis

On the basis of region, the market is segregated into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

The major players holding a huge chunk of market share in the global precision agriculture market and impacting market profitability are evaluated after considering their product & services revenue, sales, business plans, innovations, and growth rate. The final position of a player in the market depends on market events or market happenings, new product launches, mergers & acquisitions, benchmarking, regional expansions, and technical innovations.

Global Precision Agriculture  Market Regional Segmentation

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For all the key stakeholders of the market, value chain and technology ecosystem, as well as the information provided in this market research report, will prove beneficial. The study offers an outline of the company’s market share and an extensive summary of the major players in the precision agriculture market.

Some of the leading players profiled in the global precision agriculture market are,

  • Deere & Company
  • Trimble Inc.
  • Ag Leader Technology
  • Iteris Inc.
  • Teejet Technologies
  • Bayer CropScience AG
  • AgJunction Inc.
  • CropMetrics
  • AGCO Corporation
  • Farmers Edge Inc.

The Key Audiences for Precision Agriculture Market Report

  • Research Institutes & consulting firms
  • Industry Leaders, as well as companies, aspiring to enter the precision agriculture market
  • Student and universities
  • Solution Providers, product providers, service providers, and other players in the industry
  • Associated private firms and government bodies
  • Individuals interested to learn about market

The report segments of the global precision agriculture market are as follows:

Global Precision Agriculture Market: By Products

  • Hardware
  • Software
  • Services

Global Precision Agriculture Market: By Applications

  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking & Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management

The Most Important Research Methodologies

Primary sources include industry experts from management corporations, processing organizations, and analytical service providers who serve businesses across the sector's value chain. We interviewed key sources to acquire qualitative and quantitative data and analyse future prospects.

Primary research undertaken for this report comprised interviews with industry professionals such as CEOs, Vice Presidents, Marketing Directors and Technology Directors of strong core organizations and institutions in major precision agriculture . We interviewed them to get qualitative and quantitative data.

The following are the justifications for purchasing the global Precision Agriculture market report:

  • Statistical data is well-referenced, and the source is a significant resource for directing interested companies.
  • Market development trends and marketing channels that are cutting-edge are discussed.
  • The feasibility and growth rate of the market as a whole over the foreseeable future are determined.
  • The competitive landscape and demographic research provide a clear picture of the current state of the market on an international scale.
  • A thorough examination of development policies and plans, manufacturing processes, and costing provides a more accurate picture of import/export consumption, supply and demand, pricing, revenue, and gross margins, among other things.
  • Customization is possible based on the client's requirements.

Frequently Asked Questions

These dominant industry players use well planned strategies to occupied highest market share in this market. Some of the top players in Precision Agriculture business includes.

  • Deere & Company
  • Trimble Inc.
  • Ag Leader Technology
  • Iteris Inc.
  • Teejet Technologies
  • Bayer CropScience AG
  • AgJunction Inc.
  • CropMetrics
  • AGCO Corporation
  • Farmers Edge Inc.

As per Precision Agriculture market analysis, North America is forecasted to occupied major share in the Precision Agriculture market.

The statistical data of the dominant industry player of Precision Agriculture market can be acquired from the company profile segment described in the report. This segment come up with analysis of major player’s in the Precision Agriculture market, also their last five-year revenue, segmental, product offerings, key strategies adopted and geographical revenue produced.

The report come up with a segment of the Precision Agriculture market based on Type, Region, and Application, Also offer a determined view on the Precision Agriculture market.

The report offers a nitty-gritty estimation of the market by providing data on various viewpoints that incorporate, restraints, drivers, and opportunities threats. This data can help in making suitable decisions for stakeholders before investing.

The sample report for Precision Agriculture market can be received after the apply from the website.

Table Of Content

Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Precision Agriculture Market Share by Type (2020-2026) 1.5.2 Hardware 1.5.3 Software 1.5.4 Services 1.6 Market by Application 1.6.1 Global Precision Agriculture Market Share by Application (2020-2026) 1.6.2 Yield Monitoring 1.6.3 Field Mapping 1.6.4 Crop Scouting 1.6.5 Weather Tracking & Forecasting 1.6.6 Irrigation Management 1.6.7 Inventory Management 1.6.8 Farm Labor Management 1.7 Precision Agriculture Industry Development Trends under COVID-19 Outbreak 1.7.1 Global COVID-19 Status Overview 1.7.2 Influence of COVID-19 Outbreak on Precision Agriculture Industry Development 2. Global Market Growth Trends 2.1 Industry Trends 2.1.1 SWOT Analysis 2.1.2 Porter’s Five Forces Analysis 2.2 Potential Market and Growth Potential Analysis 2.3 Industry News and Policies by Regions 2.3.1 Industry News 2.3.2 Industry Policies 2.4 Industry Trends Under COVID-19 3 Value Chain of Precision Agriculture Market 3.1 Value Chain Status 3.2 Precision Agriculture Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Precision Agriculture 3.2.3 Labor Cost of Precision Agriculture 3.2.3.1 Labor Cost of Precision Agriculture Under COVID-19 3.3 Sales and Marketing Model Analysis 3.4 Downstream Major Customer Analysis (by Region) 3.5 Value Chain Status Under COVID-19 4 Players Profiles 4.1 Deere & Company 4.1.1 Deere & Company Basic Information 4.1.2 Precision Agriculture Product Profiles, Application and Specification 4.1.3 Deere & Company Precision Agriculture Market Performance (2015-2020) 4.1.4 Deere & Company Business Overview 4.2 Trimble Inc. 4.2.1 Trimble Inc. Basic Information 4.2.2 Precision Agriculture Product Profiles, Application and Specification 4.2.3 Trimble Inc. Precision Agriculture Market Performance (2015-2020) 4.2.4 Trimble Inc. Business Overview 4.3 Ag Leader Technology 4.3.1 Ag Leader Technology Basic Information 4.3.2 Precision Agriculture Product Profiles, Application and Specification 4.3.3 Ag Leader Technology Precision Agriculture Market Performance (2015-2020) 4.3.4 Ag Leader Technology Business Overview 4.4 Iteris, Inc. 4.4.1 Iteris, Inc. Basic Information 4.4.2 Precision Agriculture Product Profiles, Application and Specification 4.4.3 Iteris, Inc. Precision Agriculture Market Performance (2015-2020) 4.4.4 Iteris, Inc. Business Overview 4.5 Teejet Technologies 4.5.1 Teejet Technologies Basic Information 4.5.2 Precision Agriculture Product Profiles, Application and Specification 4.5.3 Teejet Technologies Precision Agriculture Market Performance (2015-2020) 4.5.4 Teejet Technologies Business Overview 4.6 Bayer CropScience AG 4.6.1 Bayer CropScience AG Basic Information 4.6.2 Precision Agriculture Product Profiles, Application and Specification 4.6.3 Bayer CropScience AG Precision Agriculture Market Performance (2015-2020) 4.6.4 Bayer CropScience AG Business Overview 4.7 AgJunction Inc. 4.7.1 AgJunction Inc. Basic Information 4.7.2 Precision Agriculture Product Profiles, Application and Specification 4.7.3 AgJunction Inc. Precision Agriculture Market Performance (2015-2020) 4.7.4 AgJunction Inc. Business Overview 4.8 CropMetrics 4.8.1 CropMetrics Basic Information 4.8.2 Precision Agriculture Product Profiles, Application and Specification 4.8.3 CropMetrics Precision Agriculture Market Performance (2015-2020) 4.8.4 CropMetrics Business Overview 4.9 AGCO Corporation 4.9.1 AGCO Corporation Basic Information 4.9.2 Precision Agriculture Product Profiles, Application and Specification 4.9.3 AGCO Corporation Precision Agriculture Market Performance (2015-2020) 4.9.4 AGCO Corporation Business Overview 4.10 Farmers Edge, Inc. 4.10.1 Farmers Edge, Inc. Basic Information 4.10.2 Precision Agriculture Product Profiles, Application and Specification 4.10.3 Farmers Edge, Inc. Precision Agriculture Market Performance (2015-2020) 4.10.4 Farmers Edge, Inc. Business Overview 5 Global Precision Agriculture Market Analysis by Regions 5.1 Global Precision Agriculture Sales, Revenue and Market Share by Regions 5.1.1 Global Precision Agriculture Sales by Regions (2015-2020) 5.1.2 Global Precision Agriculture Revenue by Regions (2015-2020) 5.2 North America Precision Agriculture Sales and Growth Rate (2015-2020) 5.3 Europe Precision Agriculture Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Precision Agriculture Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Precision Agriculture Sales and Growth Rate (2015-2020) 5.6 South America Precision Agriculture Sales and Growth Rate (2015-2020) 6 North America Precision Agriculture Market Analysis by Countries 6.1 North America Precision Agriculture Sales, Revenue and Market Share by Countries 6.1.1 North America Precision Agriculture Sales by Countries (2015-2020) 6.1.2 North America Precision Agriculture Revenue by Countries (2015-2020) 6.1.3 North America Precision Agriculture Market Under COVID-19 6.2 United States Precision Agriculture Sales and Growth Rate (2015-2020) 6.2.1 United States Precision Agriculture Market Under COVID-19 6.3 Canada Precision Agriculture Sales and Growth Rate (2015-2020) 6.4 Mexico Precision Agriculture Sales and Growth Rate (2015-2020) 7 Europe Precision Agriculture Market Analysis by Countries 7.1 Europe Precision Agriculture Sales, Revenue and Market Share by Countries 7.1.1 Europe Precision Agriculture Sales by Countries (2015-2020) 7.1.2 Europe Precision Agriculture Revenue by Countries (2015-2020) 7.1.3 Europe Precision Agriculture Market Under COVID-19 7.2 Germany Precision Agriculture Sales and Growth Rate (2015-2020) 7.2.1 Germany Precision Agriculture Market Under COVID-19 7.3 UK Precision Agriculture Sales and Growth Rate (2015-2020) 7.3.1 UK Precision Agriculture Market Under COVID-19 7.4 France Precision Agriculture Sales and Growth Rate (2015-2020) 7.4.1 France Precision Agriculture Market Under COVID-19 7.5 Italy Precision Agriculture Sales and Growth Rate (2015-2020) 7.5.1 Italy Precision Agriculture Market Under COVID-19 7.6 Spain Precision Agriculture Sales and Growth Rate (2015-2020) 7.6.1 Spain Precision Agriculture Market Under COVID-19 7.7 Russia Precision Agriculture Sales and Growth Rate (2015-2020) 7.7.1 Russia Precision Agriculture Market Under COVID-19 8 Asia-Pacific Precision Agriculture Market Analysis by Countries 8.1 Asia-Pacific Precision Agriculture Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Precision Agriculture Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Precision Agriculture Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Precision Agriculture Market Under COVID-19 8.2 China Precision Agriculture Sales and Growth Rate (2015-2020) 8.2.1 China Precision Agriculture Market Under COVID-19 8.3 Japan Precision Agriculture Sales and Growth Rate (2015-2020) 8.3.1 Japan Precision Agriculture Market Under COVID-19 8.4 South Korea Precision Agriculture Sales and Growth Rate (2015-2020) 8.4.1 South Korea Precision Agriculture Market Under COVID-19 8.5 Australia Precision Agriculture Sales and Growth Rate (2015-2020) 8.6 India Precision Agriculture Sales and Growth Rate (2015-2020) 8.6.1 India Precision Agriculture Market Under COVID-19 8.7 Southeast Asia Precision Agriculture Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Precision Agriculture Market Under COVID-19 9 Middle East and Africa Precision Agriculture Market Analysis by Countries 9.1 Middle East and Africa Precision Agriculture Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Precision Agriculture Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Precision Agriculture Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Precision Agriculture Market Under COVID-19 9.2 Saudi Arabia Precision Agriculture Sales and Growth Rate (2015-2020) 9.3 UAE Precision Agriculture Sales and Growth Rate (2015-2020) 9.4 Egypt Precision Agriculture Sales and Growth Rate (2015-2020) 9.5 Nigeria Precision Agriculture Sales and Growth Rate (2015-2020) 9.6 South Africa Precision Agriculture Sales and Growth Rate (2015-2020) 10 South America Precision Agriculture Market Analysis by Countries 10.1 South America Precision Agriculture Sales, Revenue and Market Share by Countries 10.1.1 South America Precision Agriculture Sales by Countries (2015-2020) 10.1.2 South America Precision Agriculture Revenue by Countries (2015-2020) 10.1.3 South America Precision Agriculture Market Under COVID-19 10.2 Brazil Precision Agriculture Sales and Growth Rate (2015-2020) 10.2.1 Brazil Precision Agriculture Market Under COVID-19 10.3 Argentina Precision Agriculture Sales and Growth Rate (2015-2020) 10.4 Columbia Precision Agriculture Sales and Growth Rate (2015-2020) 10.5 Chile Precision Agriculture Sales and Growth Rate (2015-2020) 11 Global Precision Agriculture Market Segment by Types 11.1 Global Precision Agriculture Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Precision Agriculture Sales and Market Share by Types (2015-2020) 11.1.2 Global Precision Agriculture Revenue and Market Share by Types (2015-2020) 11.2 Hardware Sales and Price (2015-2020) 11.3 Software Sales and Price (2015-2020) 11.4 Services Sales and Price (2015-2020) 12 Global Precision Agriculture Market Segment by Applications 12.1 Global Precision Agriculture Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Precision Agriculture Sales and Market Share by Applications (2015-2020) 12.1.2 Global Precision Agriculture Revenue and Market Share by Applications (2015-2020) 12.2 Yield Monitoring Sales, Revenue and Growth Rate (2015-2020) 12.3 Field Mapping Sales, Revenue and Growth Rate (2015-2020) 12.4 Crop Scouting Sales, Revenue and Growth Rate (2015-2020) 12.5 Weather Tracking & Forecasting Sales, Revenue and Growth Rate (2015-2020) 12.6 Irrigation Management Sales, Revenue and Growth Rate (2015-2020) 12.7 Inventory Management Sales, Revenue and Growth Rate (2015-2020) 12.8 Farm Labor Management Sales, Revenue and Growth Rate (2015-2020) 13 Precision Agriculture Market Forecast by Regions (2020-2026) 13.1 Global Precision Agriculture Sales, Revenue and Growth Rate (2020-2026) 13.2 Precision Agriculture Market Forecast by Regions (2020-2026) 13.2.1 North America Precision Agriculture Market Forecast (2020-2026) 13.2.2 Europe Precision Agriculture Market Forecast (2020-2026) 13.2.3 Asia-Pacific Precision Agriculture Market Forecast (2020-2026) 13.2.4 Middle East and Africa Precision Agriculture Market Forecast (2020-2026) 13.2.5 South America Precision Agriculture Market Forecast (2020-2026) 13.3 Precision Agriculture Market Forecast by Types (2020-2026) 13.4 Precision Agriculture Market Forecast by Applications (2020-2026) 13.5 Precision Agriculture Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source

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