The Crop Monitoring Technology in Precision Farming Market Report 2019-2023 focuses on the global Crop Monitoring Technology in Precision Farming status, future forecast, growth opportunity, key market, and key players.
The Crop Monitoring Technology in Precision Farming Market report studies the global market size of Crop Monitoring Technology in Precision Farming in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Crop Monitoring Technology in Precision Farming in these regions. This research report categorizes the global Crop Monitoring Technology in Precision Farming market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Crop Monitoring Technology in Precision Farming include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- AGCO Corporation
- AG Junction Inc.
- John Deere
- Dickey-john Corporation
- Teejet Technologies Illinois LLC
- Raven Industries Inc.
- Lindsay Corporation
- Monsanto Company
- Valmont Industries Inc.
- Yara International ASA
- Topcon Precision Agriculture
- Trimble Navigation Limited
- E. I. Du Pont De Nemours And Company (Dupont)
- Land Olakes Inc.
- BASF SE
Overview of Crop Monitoring Technology in Precision Farming Market Research Report 2019-2023:-
Crop Monitoring Technology in Precision Farming Market is expected to register a CAGR of 13.14%, during the forecast period (2019-2023). The scope of the report is limited to Solutions offered by major players, which include Content Management, Case Management, Workflow Management, Record Management, and Digital Asset Management.
Over the last two decades, PF (precision farming) has successfully made the transition from being an academic research topic to a highly beneficial practice in the field of agriculture. Around 70-80% of the new equipment purchases have been deemed to contain some form of PF tools. PF practices can be better analyzed as a cyclical approach rather than a sequential one (as depicted in the adjacent pictorial representation).
Growing Demand for Food Products around the World Emphasizes the Need for Crop Protection in Precision Farming
According to a survey conducted by the UN DESA organization, the world population is expected to grow from around 7.35 billion in 2015 to 8.3 billion in 2030. The growth, in addition to rising disposable incomes, has contributed to the sustained rise in demand for food across the globe. The farming community is coming under severe pressure to meet the growing demand for food. The demand can be met by either increasing agricultural land, or by making optimal use of the available agricultural land. Farmers in developed countries are increasingly veering toward âsustainable intensificationâ, which advocates the use of precision farming techniques and tools to optimize crop productions. The methods have been met with success in developing markets, such as Latin America and Africa. The use of PF tools can be instrumental to mitigating the negative environmental impacts, such as over-utilization and the depletion of ground water. Large-scale institutional investors in the developing regions have made concrete commitments to assist the farming community in a bid to address the supply-demand problem.
Yield Monitoring is One of the Primary Aspects for Crop Monitoring in Precision Farming
By means of yield monitoring, farmers can be aware of the geo-referenced information about their agriculture fields, which helps in understanding underlying potential threats. Yield monitoring systems enable farmers to export the field and crop information to personal computing devices and make the data available in various formats (equipment displays, printed, at-home devices, etc.). In the developed countries, yield monitoring was introduced in the early 1990âs and modern agriculture has been considering it as a conventional farming practice. As the technology has been evolving since its inception, yield monitoring is increasingly becoming critical for making the best usage of geo-spatial technologies and site-specific crop management practices.
United States is One of the Prime Markets for the Ar & Mr Technology
It is estimated that only 20% of the total acreage in the United States and 58% of the producers implement precision agricultural technologies. AgLeader, Agri-vision, Blue River Technologies, Crop Venture Incorporated, Farm Works, and Holland Scientifics are some of the precision agriculture companies based in the United States. The Federal Aviation Administration (FAA) has laid out its restrictions toward the flying of drones; but as per their new rules passed in 2016, drones for commercial purposes, weighing up to 55 lb. can be used in the United States during daylight hours. This is seen as a big boost for the use of drone technology in agriculture, and the use of drone in forecast period will grow rapidly due to these rules by FAA.
The major players include – AGCO CORPORATION, AG JUNCTION INC., JOHN DEERE, DICKEY-JOHN CORPORATION, TEEJET TECHNOLOGIES ILLINOIS LLC, RAVEN INDUSTRIES INC., LINDSAY CORPORATION, MONSANTO COMPANY, VALMONT INDUSTRIES INC., YARA INTERNATIONAL ASA, TOPCON PRECISION AGRICULTURE, TRIMBLE NAVIGATION LIMITED, E. I. DU PONT DE NEMOURS AND COMPANY (DUPONT), LAND OLAKES INC., and BASF SE, amongst others.
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Reasons to Purchase this Report
Key questions answered in the Crop Monitoring Technology in Precision Farming Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Crop Monitoring Technology in Precision Farming market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Crop Monitoring Technology in Precision Farming Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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