Insights into the Industry
The precision farming industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of precision farming ’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 farming market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards precision farming 's market proceeds.
This market research report is a comprehensive overview of the events taking place in the precision farming industry and impacting its growth. Our report divides the precision farming 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 farming 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 Farming Market research report which is segmented by Products (Hardware, Software, Services), by Applications (Field mapping, Yield monitoring, Crop scouting, Irrigation management, Inventory management, Weather tracking & forecasting, Farm labor management), by Key Players/Companies Raven Industries, Precision Planting, Dickey-John, AG Leader Technology, AGCO, Deere, Agjunction, Cropmetrics, Trimble”. In 2020, the global precision farming 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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| Report Attributes | Report Details |
|---|---|
| Report Title | Precision Farming Market Research Report |
| By Products | Hardware, Software, Services |
| By Applications | Field mapping, Yield monitoring, Crop scouting, Irrigation management, Inventory management, Weather tracking & forecasting, Farm labor management |
| By Key Players | Raven Industries, Precision Planting, Dickey-John, AG Leader Technology, AGCO, Deere, Agjunction, Cropmetrics, Trimble |
| 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 | 117 |
| Customization Available | Yes, the report can be tailored to meet your specific requirements. |
Based on these findings, the global precision farming 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 farming industry study report has included all major manufacturers and distributors operating in the precision farming market across all major regions.
Precision Farming 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 farming 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.
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 Farming Market Key Trends Analysis
The key factors influencing the growth of the precision farming 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 Farming Market Key Segment Analysis
The report delivers a critical assessment on the precision farming market by segmenting it based on Products, Applications, and region. All the segments and categories of the precision farming 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 farming 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 Field mapping, Yield monitoring, Crop scouting, Irrigation management, Inventory management, Weather tracking & forecasting, 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 farming 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 Farming 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 farming 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.
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 farming market.
Some of the leading players profiled in the global precision farming market are,
- Raven Industries
- Precision Planting
- Dickey-John
- AG Leader Technology
- AGCO
- Deere
- Agjunction
- Cropmetrics
- Trimble
The Key Audiences for Precision Farming Market Report
- Research Institutes & consulting firms
- Industry Leaders, as well as companies, aspiring to enter the precision farming 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 farming market are as follows:
Global Precision Farming Market: By Products
- Hardware
- Software
- Services
Global Precision Farming Market: By Applications
- Field mapping
- Yield monitoring
- Crop scouting
- Irrigation management
- Inventory management
- Weather tracking & forecasting
- 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 farming . We interviewed them to get qualitative and quantitative data.
The following are the justifications for purchasing the global Precision Farming 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
- Raven Industries
- Precision Planting
- Dickey-John
- AG Leader Technology
- AGCO
- Deere
- Agjunction
- Cropmetrics
- Trimble
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 Farming 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 Farming Market Share by Application (2020-2026) 1.6.2 Field mapping 1.6.3 Yield monitoring 1.6.4 Crop scouting 1.6.5 Irrigation management 1.6.6 Inventory management 1.6.7 Weather tracking & forecasting 1.6.8 Farm labor management 1.7 Precision Farming 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 Farming 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 Farming Market 3.1 Value Chain Status 3.2 Precision Farming Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Precision Farming 3.2.3 Labor Cost of Precision Farming 3.2.3.1 Labor Cost of Precision Farming 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 Raven Industries 4.1.1 Raven Industries Basic Information 4.1.2 Precision Farming Product Profiles, Application and Specification 4.1.3 Raven Industries Precision Farming Market Performance (2015-2020) 4.1.4 Raven Industries Business Overview 4.2 Precision Planting 4.2.1 Precision Planting Basic Information 4.2.2 Precision Farming Product Profiles, Application and Specification 4.2.3 Precision Planting Precision Farming Market Performance (2015-2020) 4.2.4 Precision Planting Business Overview 4.3 Dickey-John 4.3.1 Dickey-John Basic Information 4.3.2 Precision Farming Product Profiles, Application and Specification 4.3.3 Dickey-John Precision Farming Market Performance (2015-2020) 4.3.4 Dickey-John Business Overview 4.4 AG Leader Technology 4.4.1 AG Leader Technology Basic Information 4.4.2 Precision Farming Product Profiles, Application and Specification 4.4.3 AG Leader Technology Precision Farming Market Performance (2015-2020) 4.4.4 AG Leader Technology Business Overview 4.5 AGCO 4.5.1 AGCO Basic Information 4.5.2 Precision Farming Product Profiles, Application and Specification 4.5.3 AGCO Precision Farming Market Performance (2015-2020) 4.5.4 AGCO Business Overview 4.6 Deere 4.6.1 Deere Basic Information 4.6.2 Precision Farming Product Profiles, Application and Specification 4.6.3 Deere Precision Farming Market Performance (2015-2020) 4.6.4 Deere Business Overview 4.7 Agjunction 4.7.1 Agjunction Basic Information 4.7.2 Precision Farming Product Profiles, Application and Specification 4.7.3 Agjunction Precision Farming Market Performance (2015-2020) 4.7.4 Agjunction Business Overview 4.8 Cropmetrics 4.8.1 Cropmetrics Basic Information 4.8.2 Precision Farming Product Profiles, Application and Specification 4.8.3 Cropmetrics Precision Farming Market Performance (2015-2020) 4.8.4 Cropmetrics Business Overview 4.9 Trimble 4.9.1 Trimble Basic Information 4.9.2 Precision Farming Product Profiles, Application and Specification 4.9.3 Trimble Precision Farming Market Performance (2015-2020) 4.9.4 Trimble Business Overview 5 Global Precision Farming Market Analysis by Regions 5.1 Global Precision Farming Sales, Revenue and Market Share by Regions 5.1.1 Global Precision Farming Sales by Regions (2015-2020) 5.1.2 Global Precision Farming Revenue by Regions (2015-2020) 5.2 North America Precision Farming Sales and Growth Rate (2015-2020) 5.3 Europe Precision Farming Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Precision Farming Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Precision Farming Sales and Growth Rate (2015-2020) 5.6 South America Precision Farming Sales and Growth Rate (2015-2020) 6 North America Precision Farming Market Analysis by Countries 6.1 North America Precision Farming Sales, Revenue and Market Share by Countries 6.1.1 North America Precision Farming Sales by Countries (2015-2020) 6.1.2 North America Precision Farming Revenue by Countries (2015-2020) 6.1.3 North America Precision Farming Market Under COVID-19 6.2 United States Precision Farming Sales and Growth Rate (2015-2020) 6.2.1 United States Precision Farming Market Under COVID-19 6.3 Canada Precision Farming Sales and Growth Rate (2015-2020) 6.4 Mexico Precision Farming Sales and Growth Rate (2015-2020) 7 Europe Precision Farming Market Analysis by Countries 7.1 Europe Precision Farming Sales, Revenue and Market Share by Countries 7.1.1 Europe Precision Farming Sales by Countries (2015-2020) 7.1.2 Europe Precision Farming Revenue by Countries (2015-2020) 7.1.3 Europe Precision Farming Market Under COVID-19 7.2 Germany Precision Farming Sales and Growth Rate (2015-2020) 7.2.1 Germany Precision Farming Market Under COVID-19 7.3 UK Precision Farming Sales and Growth Rate (2015-2020) 7.3.1 UK Precision Farming Market Under COVID-19 7.4 France Precision Farming Sales and Growth Rate (2015-2020) 7.4.1 France Precision Farming Market Under COVID-19 7.5 Italy Precision Farming Sales and Growth Rate (2015-2020) 7.5.1 Italy Precision Farming Market Under COVID-19 7.6 Spain Precision Farming Sales and Growth Rate (2015-2020) 7.6.1 Spain Precision Farming Market Under COVID-19 7.7 Russia Precision Farming Sales and Growth Rate (2015-2020) 7.7.1 Russia Precision Farming Market Under COVID-19 8 Asia-Pacific Precision Farming Market Analysis by Countries 8.1 Asia-Pacific Precision Farming Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Precision Farming Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Precision Farming Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Precision Farming Market Under COVID-19 8.2 China Precision Farming Sales and Growth Rate (2015-2020) 8.2.1 China Precision Farming Market Under COVID-19 8.3 Japan Precision Farming Sales and Growth Rate (2015-2020) 8.3.1 Japan Precision Farming Market Under COVID-19 8.4 South Korea Precision Farming Sales and Growth Rate (2015-2020) 8.4.1 South Korea Precision Farming Market Under COVID-19 8.5 Australia Precision Farming Sales and Growth Rate (2015-2020) 8.6 India Precision Farming Sales and Growth Rate (2015-2020) 8.6.1 India Precision Farming Market Under COVID-19 8.7 Southeast Asia Precision Farming Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Precision Farming Market Under COVID-19 9 Middle East and Africa Precision Farming Market Analysis by Countries 9.1 Middle East and Africa Precision Farming Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Precision Farming Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Precision Farming Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Precision Farming Market Under COVID-19 9.2 Saudi Arabia Precision Farming Sales and Growth Rate (2015-2020) 9.3 UAE Precision Farming Sales and Growth Rate (2015-2020) 9.4 Egypt Precision Farming Sales and Growth Rate (2015-2020) 9.5 Nigeria Precision Farming Sales and Growth Rate (2015-2020) 9.6 South Africa Precision Farming Sales and Growth Rate (2015-2020) 10 South America Precision Farming Market Analysis by Countries 10.1 South America Precision Farming Sales, Revenue and Market Share by Countries 10.1.1 South America Precision Farming Sales by Countries (2015-2020) 10.1.2 South America Precision Farming Revenue by Countries (2015-2020) 10.1.3 South America Precision Farming Market Under COVID-19 10.2 Brazil Precision Farming Sales and Growth Rate (2015-2020) 10.2.1 Brazil Precision Farming Market Under COVID-19 10.3 Argentina Precision Farming Sales and Growth Rate (2015-2020) 10.4 Columbia Precision Farming Sales and Growth Rate (2015-2020) 10.5 Chile Precision Farming Sales and Growth Rate (2015-2020) 11 Global Precision Farming Market Segment by Types 11.1 Global Precision Farming Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Precision Farming Sales and Market Share by Types (2015-2020) 11.1.2 Global Precision Farming 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 Farming Market Segment by Applications 12.1 Global Precision Farming Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Precision Farming Sales and Market Share by Applications (2015-2020) 12.1.2 Global Precision Farming Revenue and Market Share by Applications (2015-2020) 12.2 Field mapping Sales, Revenue and Growth Rate (2015-2020) 12.3 Yield monitoring Sales, Revenue and Growth Rate (2015-2020) 12.4 Crop scouting Sales, Revenue and Growth Rate (2015-2020) 12.5 Irrigation management Sales, Revenue and Growth Rate (2015-2020) 12.6 Inventory management Sales, Revenue and Growth Rate (2015-2020) 12.7 Weather tracking & forecasting Sales, Revenue and Growth Rate (2015-2020) 12.8 Farm labor management Sales, Revenue and Growth Rate (2015-2020) 13 Precision Farming Market Forecast by Regions (2020-2026) 13.1 Global Precision Farming Sales, Revenue and Growth Rate (2020-2026) 13.2 Precision Farming Market Forecast by Regions (2020-2026) 13.2.1 North America Precision Farming Market Forecast (2020-2026) 13.2.2 Europe Precision Farming Market Forecast (2020-2026) 13.2.3 Asia-Pacific Precision Farming Market Forecast (2020-2026) 13.2.4 Middle East and Africa Precision Farming Market Forecast (2020-2026) 13.2.5 South America Precision Farming Market Forecast (2020-2026) 13.3 Precision Farming Market Forecast by Types (2020-2026) 13.4 Precision Farming Market Forecast by Applications (2020-2026) 13.5 Precision Farming Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
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