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PUBLISHER: IMARC | PRODUCT CODE: 1287396
PUBLISHER: IMARC | PRODUCT CODE: 1287396
North America Precision Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The North America precision agriculture market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
Precision agriculture, also known as satellite agriculture or site-specific crop management (SSCM), is one of the most popular innovations witnessed by modern farming. It is the concept of managing accurate variabilities within a field to grow more food with less agricultural inputs while reducing the overall production cost. Precision agriculture relies upon specialized equipment, software and IT services to offer real-time data about the condition of the soil, ambient air and crops as well as other important information, such as labor costs, availability of equipment and local weather predictions. The retrieved data is used by farmers to know about the precise planting times, crop rotation and harvesting time. It also helps farmers in reducing the usage of water, pesticides, herbicides and fertilizers, thereby, making the technique cost-effective.
North America precision agriculture market is currently being driven by several factors. Being an urbanized region, the farmers in the region are increasingly relying on smartphones and other intelligent mediums to remain updated about the latest development in the agricultural sector. Moreover, through precision agriculture, farmers can easily determine the peak conditions required for plant growth by placing sensors throughout the place. These sensors are connected to digital applications and record rainfall, soil conditions in different areas, thereby helping the farmers to maximize their benefits. Apart from this, the precision agriculture techniques enable its users to visualize production levels, soil moisture, and sunlight intensity in real-time and remotely accelerate the decision-making process. The data collected from these techniques enable agronomists to properly analyze the production quality and result in better correlation to treatments. These analyses are further used to educate farmers about the processes that are to be used for production, thereby improving the quality of the final product.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America precision agriculture market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on technology, type, component and application.
- Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
- Market by Technology
- GNSS/GPS Systems
- GIS
- Remote Sensing
- Variable Rate Technology (VRT)
- Others
- Market by Type
- Automation and Control Systems
- Sensing and Monitoring Devices
- Farm Management Systems
- Market by Component
- Hardware
- Software
- Market by Application
- Mapping
- Crop Scouting
- Yield Monitoring
- Soil Monitoring
- Precision Irrigation
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report:
- How has the North America precision agriculture market performed so far and how will it perform in the coming years?
- What are the key regions in the North America precision agriculture market?
- What has been the impact of COVID-19 on the North America precision agriculture market?
- What is the breakup of the North America precision agriculture market on the basis of technology?
- What is the breakup of the North America precision agriculture market on the basis of type?
- What is the breakup of the North America precision agriculture market on the basis of component?
- What is the breakup of the North America precision agriculture market on the basis of application?
- What are the various stages in the value chain of the North America precision agriculture industry?
- What are the key driving factors and challenges in the North America precision agriculture industry?
- What is the structure of the North America precision agriculture industry and who are the key players?
- What is the degree of competition in the North America precision agriculture industry?
Product Code: SR1623A98_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Precision Agriculture Market
- 5.1 Market Performance
- 5.2 Market Breakup by Technology
- 5.3 Market Breakup by Type
- 5.4 Market Breakup by Component
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 North America Precision Agriculture Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
7 North America Precision Agriculture Market: Breakup by Technology
- 7.1 GNSS/GPS Systems
- 7.2 GIS
- 7.3 Remote Sensing
- 7.4 Variable Rate Technology (VRT)
- 7.5 Others
8 North America Precision Agriculture Market: Breakup by Type
- 8.1 Automation and Control Systems
- 8.2 Sensing and Monitoring Devices
- 8.3 Farm Management Systems
9 North America Precision Agriculture Market: Breakup by Component
- 9.1 Hardware
- 9.2 Software
10 North America Precision Agriculture Market: Breakup by Application
- 10.1 Mapping
- 10.2 Crop Scouting
- 10.3 Yield Monitoring
- 10.4 Soil Monitoring
- 10.5 Precision Irrigation
- 10.6 Others
11 North America Precision Agriculture Market: Breakup by Country
- 11.1 United States
- 11.1.1 Historical Market Trends
- 11.1.2 Market Breakup by Technology
- 11.1.3 Market Breakup by Type
- 11.1.4 Market Breakup by Component
- 11.1.5 Market Breakup by Application
- 11.1.6 Market Forecast
- 11.2 Canada
- 11.2.1 Historical Market Trends
- 11.2.2 Market Breakup by Technology
- 11.2.3 Market Breakup by Type
- 11.2.4 Market Breakup by Component
- 11.2.5 Market Breakup by Application
- 11.2.6 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porter's Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Rivalry
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
Product Code: SR1623A98_Report
List of Figures
- Figure 1: North America: Precision Agriculture Market: Major Drivers and Challenges
- Figure 2: Global: Precision Agriculture Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Precision Agriculture Market: Breakup by Technology (in %), 2022
- Figure 4: Global: Precision Agriculture Market: Breakup by Type (in %), 2022
- Figure 5: Global: Precision Agriculture Market: Breakup by Component (in %), 2022
- Figure 6: Global: Precision Agriculture Market: Breakup by Application (in %), 2022
- Figure 7: Global: Precision Agriculture Market: Breakup by Region (in %), 2022
- Figure 8: Global: Precision Agriculture Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: North America: Precision Agriculture Market: Sales Value (in Billion US$), 2017-2022
- Figure 10: North America: Precision Agriculture Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 11: North America: Precision Agriculture Market: Breakup by Technology (in %), 2022
- Figure 12: North America: Precision Agriculture (GNSS/GPS Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: North America: Precision Agriculture (GNSS/GPS Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: North America: Precision Agriculture (GIS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: North America: Precision Agriculture (GIS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: North America: Precision Agriculture (Remote Sensing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: North America: Precision Agriculture (Remote Sensing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: North America: Precision Agriculture (Variable Rate Technology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: North America: Precision Agriculture (Variable Rate Technology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: North America: Precision Agriculture (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: North America: Precision Agriculture (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: North America: Precision Agriculture Market: Breakup by Type (in %), 2022
- Figure 23: North America: Precision Agriculture (Automation and Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: North America: Precision Agriculture (Automation and Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: North America: Precision Agriculture (Sensing and Monitoring Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: North America: Precision Agriculture (Sensing and Monitoring Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Precision Agriculture (Farm Management Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Precision Agriculture (Farm Management Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: North America: Precision Agriculture Market: Breakup by Component (in %), 2022
- Figure 30: North America: Precision Agriculture (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Precision Agriculture (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Precision Agriculture (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Precision Agriculture (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Precision Agriculture Market: Breakup by Application (in %), 2022
- Figure 35: North America: Precision Agriculture (Mapping) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: North America: Precision Agriculture (Mapping) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Precision Agriculture (Crop Scouting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Precision Agriculture (Crop Scouting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: North America: Precision Agriculture (Yield Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: North America: Precision Agriculture (Yield Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: North America: Precision Agriculture (Soil Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: North America: Precision Agriculture (Soil Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: North America: Precision Agriculture (Precision Irrigation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: North America: Precision Agriculture (Precision Irrigation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: North America: Precision Agriculture (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: North America: Precision Agriculture (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: North America: Precision Agriculture Market: Breakup by Country (in %), 2022
- Figure 48: United States: Precision Agriculture Market: Sales Value (in Million US$), 2017-2022
- Figure 49: United States: Precision Agriculture Market: Breakup by Technology (in %), 2022
- Figure 50: United States: Precision Agriculture Market: Breakup by Type (in %), 2022
- Figure 51: United States: Precision Agriculture Market: Breakup by Component (in %), 2022
- Figure 52: United States: Precision Agriculture Market: Breakup by Application (in %), 2022
- Figure 53: United States: Precision Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Canada: Precision Agriculture Market: Sales Value (in Million US$), 2017-2022
- Figure 55: Canada: Precision Agriculture Market: Breakup by Technology (in %), 2022
- Figure 56: Canada: Precision Agriculture Market: Breakup by Type (in %), 2022
- Figure 57: Canada: Precision Agriculture Market: Breakup by Component (in %), 2022
- Figure 58: Canada: Precision Agriculture Market: Breakup by Application (in %), 2022
- Figure 59: Canada: Precision Agriculture Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: North America: Precision Agriculture Industry: SWOT Analysis
- Figure 61: North America: Precision Agriculture Industry: Value Chain Analysis
- Figure 62: North America: Precision Agriculture Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: North America: Precision Agriculture Market: Key Industry Highlights, 2022 and 2028
- Table 2: North America: Precision Agriculture Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 3: North America: Precision Agriculture Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: North America: Precision Agriculture Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 5: North America: Precision Agriculture Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: North America: Precision Agriculture Market Forecast: Breakup by Country (in Million US$), 2023-2028
- Table 7: North America: Precision Agriculture Market: Competitive Structure
- Table 8: North America: Precision Agriculture Market: Key Players
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