Market Research Report
Global Markets for Precision Farming
|Published by||BCC Research||Product code||917526|
|Published||Content info||155 Pages
Delivery time: 1-2 business days
|Global Markets for Precision Farming|
|Published: November 26, 2019||Content info: 155 Pages||
The global market for precision farming technologies should grow from $5.2 billion in 2019 to $9.4 billion by 2024, with a compound annual growth rate (CAGR) of 12.6% for the period of 2019-2024.
The global market for precision farming hardware technologies should grow from $3.2 billion in 2019 to $5.4 billion by 2024, with a CAGR of 10.8% for the period of 2019-2024.
The global market for precision farming software technologies should grow from $2.0 billion in 2019 to $4.1 billion by 2024, with a CAGR of 15.2% for the period of 2019-2024.
BCC Research defines precision farming (also known as precision agriculture or satellite farming) as a farming management concept that utilizes software and hardware for observing, measuring and responding to intra-field variability in crops, resulting in better crop management and more effective output.
Precision farming includes various hardware technologies such as automated systems, control systems, sensing and monitoring devices as well as software solutions such as farm management software. In precision farming, software and hardware works in conjunction; a fool-proof precision farming tool/system will have multiple hardware and software solutions seamlessly integrated and working together.
The scope of this report covers the global market for precision farming technologies for various end-user application industries. The market is broken down by technologies, type, end-use and region and are further discussed in detail. Revenue forecasts from 2019 to 2024 are given for each market segment as well as regional markets with estimated values derived from manufacturers' total revenues.
The report also includes a discussion of the major players across each regional market. Further, it explains the major drivers and regional dynamics of the market and current trends within the industry.
The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors.
The report begins by introducing the reader to how the market for precision farming technologies has evolved over time and how various factors are impacting the market.
The report then identifies the following: