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Precision Farming Market by Technology (Guidance Systems, Variable Rate Application, Remote Sensing), Hardware Devices and Software & Services, Application, and Geography - Global Forecast to 2020

 
Summary
Table of contents

The precision farming market is valued at USD 2.76 Billion in 2015 and is expected to grow at a CAGR of 11.7% during the forecast period. The base year used for this study is 2014 and the forecast period is 2015 to 2020. This report provides a detailed analysis of the precision farming market, based on technologies, hardware devices and software & services, applications, and regions. The increasing use of precision farming assists in increasing the yield production and helps in monitoring crop health, which helps in improving the quality of the field, that is, soil property, fertility, chemistry, moisture, and others, which acts a driving factor for the precision farming market. Besides this, the precision farming helps in reducing the input wastage on field and enhances the efficiency of land and crop. This factor is also fuelling the growth of the precision farming market.

To estimate the size of the precision farming market, top players in the market and their market share in the said market have been considered. This research study involves extensive use of secondary sources such as study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. The research methodology is explained below.

  • Analysis of the overall size of the individual markets with the help of primary and secondary research
  • Analysis of the several market segments and subsegments
  • Analysis of supply and demand sides of precision farming ecosystem
  • Analyzing the market trends in various regions and countries, supported by the on-going research & development in these respective regions
  • Overall market sizes finalized by triangulation with supply-side data which includes the product developments, supply chain, and estimated sales of precision farming market


After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region conducted during the research study.


The precision farming ecosystem comprises satellite service providers, sensors manufacturers, components, OEMs, research organizations, distributors and suppliers, and end users, such as Ag Junction (U.S.), Deere & Company (U.S.), Raven Industries Inc. (U.S.), Trimble Navigation Ltd. (U.S.), AGCO Corporation (U.S.), Precision Planting Inc. (U.S.), SST Development Group, Inc. (U.S.), AG Leader Technology (U.S.), TeeJet Technologies (U.S.), and Topcon Precision Agriculture (U.S.).


The target audience for the report include:

  • Satellite service providers
  • Technology developers
  • Sensor manufacturers
  • Consultants, component suppliers
  • Government bodies
  • Farmers, field agents
  • GNSS-SBAS signal providers
  • Remote sensing providers


The market covered under this report has been segmented as follows:

This research report categorizes the global precision farming market based on hardware devices and software & services, applications, technologies, and geographies.


Global Precision Farming Market, by Hardware Devices

  • Automation and Control System
    • Display
    • Guidance & Steering
    • GPS/GNSS System
    • Mobile Devices
    • Flow and Application Control Devices
    • Others
  • Sensing and Monitoring Devices
    • Yield Monitors
    • Soil Sensors
      • Moisture Sensors
      • Temperature Sensors
      • Nutrient Sensors
    • Water Sensors
    • Climate Sensors
    • Others


Global Precision Farming Market, by Software & Services

  • Farm Management Software
    • Local/Web-Based
    • Cloud-Based
  • Software Services
    • Design Integration and Consultation
    • Managed Services
    • Maintenance and Support


Global Precision Farming Market, by Technology

  • Guidance System
    • Global Positioning System (GPS)
    • Geographic Information System (GIS)
  • Remote Sensing
    • Handheld
    • Satellite
  • Variable Rate Technology (VRT)
    • Variable Rate Fertilizer
    • Variable Rate Pesticide
    • Variable Rate Seeding


Global Precision Farming Market, by Application


Global Precision Farming Market, by Hardware Application

  • Yield Monitoring
  • Variable Rate Application
  • Field Mapping
  • Soil Monitoring
  • Crop Scouting
  • Others


Global Precision Farming Market, by Software Application

  • Crop Management
  • Financial Management
  • Farm Inventory Management
  • Personnel Management
  • Weather Tracking and Forecasting
  • Others


Global Precision Farming Market, by Geography

  • Americas
    • North America
    • South America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • RoW (Rest of the World)
    • Australia
    • Middle East
    • Africa
    • Others