Precision Farming Market Analysis of Production, Future Demand, Sales and Consumption Research Report to 2029

The Precision Farming Market size was valued at US$ 7.58 Billion in 2021 and the total precision farming revenue is expected to grow at 12.9% through 2022 to 2029, reaching nearly US$ 20.02 Billion.

Precision Farming Market Overview:

The report on the Precision Farming market is emphasised on the detailed analysis of the   Precision Farming market. The report covers industry potential, latest trends, regulatory scenario and Sales growth forecasts at global, regional segment, national market levels. Industry rivalry for predicted periods and individual firm valuations, are all included in Precision Farming market research.

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Market Scope:

The report includes information on value volume-based information across various segments comprising product types and applications. The report contains a detailed estimation of the latest trends in continuation with multiple challenges. A detailed global Precision Farming   market overview of market valuation, profits estimates, and market statistics is integral to the report. The global market report aims to help readers understand the competitive spectrum of the market. It incorporates key market sections, the extent of items offered in the years considered, and study goals. Moreover, it contacts the country study given in the report based on the type of product and applications.

Segmentation:

By providing:
The precision agriculture market is further segmented into hardware, software, and services. In 2029, the precision agricultural machinery market is expected to become the largest. The precision agriculture market is segmented into three segments based on its products.
Hardware, Software and Services. Hardware has captured the largest market share in 2021 due to widespread deployment of automation and control devices (drone/UAV, GPS/GNSS, irrigation controllers, guidance and guidance systems, yield monitors and sensors).

By technology:
The precision agriculture market is segmented based on technology into GNSS, GIS, remote sensing, and VRT. Floating rate technology is expected to hold the highest share in 2029.

After application:
The market is segmented into various applications such as yield and soil monitoring, crop prospecting, precision irrigation, and mapping. Mapping has the highest market share in 2021. The precision irrigation management application market is expected to grow at a higher CAGR during the forecast period (2022-2029). An attractive growth rate is expected for precision irrigation during the forecast period (2022-2029). Precision irrigation uses technologies such as weather-based controls, rain sensors, temperature sensors, network elements, water meters and sensor-based controls. Growing demand for water conservation and food production, as well as reduced wastage of resources, are the main motivations for the increased use of precision instruments in irrigation management applications.  

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Key players:

• Deere Company
• AGCO Corporation
• Trimble
• Raven Industries
• Topcon Positioning
• AgJunction
• Observant
• Granular Inc
• Agrivi Ltd.
• Monsanto Company
• Dickey-John Corporation
• Ag Leader Technology
• CNH Industrial NV
• SST Development Group.
• Trimble Navigation Limited
• Tetra Laval Holdings B.V.

The research report updates the user on the current market size of the Precision Farming market and their growth rates, based on records and financial information with a company profile of key players.

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Regional analysis:

The Precision Farming Industry Research examines the market's key geographies, as well as notable segments and sub-segments. This Precision Farming market study includes figures, geographies, and revenue, as well as an in-depth look at the business chain structure, opportunities, and industry news.

We use different methodologies such as PESTAL and PORTAL analyses to help you better understand the Precision Farming market in a certain region. Our study also includes key players of the market from various regions, as well as information on their business strategies and statistics

Key Questions answered in the Precision Farming Market Report are:

  • Which product segment grabbed the largest share in the Precision Farming market?
  • How is the competitive scenario of the Precision Farming market?
  • Which are the key factors aiding the Precision Farming market growth?
  • Which region holds the maximum share in the Precision Farming market?
  • What will be the CAGR of the Precision Farming market during the forecast period?
  • Which application segment emerged as the leading segment in the Precision Farming market?
  • Which are the prominent players in the Precision Farming market?
  • What key trends are likely to emerge in the Precision Farming market in the coming years?
  • What is the expected global Precision Farming market size by 2027?
  • Which company held the largest share in the Precision Farming market?

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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