Variable Rate Technology Market by Component, Technology, Crop Type, Farm Size, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

Description

List of Tables

The Global Variable Rate Technology Market is forecasted to grow significantly, with a projected USD 2,700.65 million in 2023 at a CAGR of 7.80% and expected to reach a staggering USD 4,590.57 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Variable Rate Technology Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Variable Rate Technology Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Displays, Flow and Application Control Devices, GPS or GNSS Receivers, Guidance and Steering Systems, and Handheld Computers. The Hardware is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Map-based VRT and Sensor-based VRT. The Sensor-based VRT is further studied across Active Optical Sensor VRT, Drone-based VRT, and Satellite-based VRT. The Map-based VRT is projected to witness significant market share during forecast period.

Based on Crop Type, market is studied across Cereals & Grains, Commercial Crops, Fruits & Vegetables, and Oilseeds & Pulses. The Cereals & Grains is further studied across Corn and Wheat. The Oilseeds & Pulses is further studied across Cotton and Soybeans. The Oilseeds & Pulses is projected to witness significant market share during forecast period.

Based on Farm Size, market is studied across Large farms, Mid-Sized Farms, and Small Farms. The Mid-Sized Farms is projected to witness significant market share during forecast period.

Based on Application, market is studied across Crop Protection Chemicals, Fertilizers, Irrigation, Soil Sensing, and Yield Monitoring. The Crop Protection Chemicals is further studied across Fungicides & Bactericides, Herbicides, Insecticides, and Nematicides. The Fertilizers is further studied across NH3 VRT, UAN VRT, and Urea VRT. The Fertilizers is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Variable Rate Technology Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Variable Rate Technology Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Variable Rate Technology Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Variable Rate Technology Market?

4. What is the competitive strategic window for opportunities in the Global Variable Rate Technology Market?

5. What are the technology trends and regulatory frameworks in the Global Variable Rate Technology Market?

6. What is the market share of the leading vendors in the Global Variable Rate Technology Market?

7. What modes and strategic moves are considered suitable for entering the Global Variable Rate Technology Market?

Product Code: MRR-43539E5D31DD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Variable Rate Technology Market, by Component, 2022 vs 2030
4.3. Variable Rate Technology Market, by Technology, 2022 vs 2030
4.4. Variable Rate Technology Market, by Crop Type, 2022 vs 2030
4.5. Variable Rate Technology Market, by Farm Size, 2022 vs 2030
4.6. Variable Rate Technology Market, by Application, 2022 vs 2030
4.7. Variable Rate Technology Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Focus on improving agriculture yields
  - 5.1.1.2. Increasing government support and promotion for small-scale farms
  - 5.1.1.3. Rising investment in precision farming
- 5.1.2. Restraints
  - 5.1.2.1. High capital investment
- 5.1.3. Opportunities
  - 5.1.3.1. Rising innovative technology integration in agriculture
  - 5.1.3.2. Increasing penetration in agriculture-based developing markets
- 5.1.4. Challenges
  - 5.1.4.1. Lack of supportive infrastructure, awareness, and technical knowledge regarding VRT in many areas across the world
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization
- 5.9.1. Map-Based VRT
- 5.9.2. Sensor-Based VRT

6. Variable Rate Technology Market, by Component

6.1. Introduction
6.2. Hardware
- 6.2.1. Displays
- 6.2.2. Flow and Application Control Devices
- 6.2.3. GPS or GNSS Receivers
- 6.2.4. Guidance and Steering Systems
- 6.2.5. Handheld Computers
6.3. Services
6.4. Software

7. Variable Rate Technology Market, by Technology

7.1. Introduction
7.2. Map-based VRT
7.3. Sensor-based VRT
- 7.3.1. Active Optical Sensor VRT
- 7.3.2. Drone-based VRT
- 7.3.3. Satellite-based VRT

8. Variable Rate Technology Market, by Crop Type

8.1. Introduction
8.2. Cereals & Grains
- 8.2.1. Corn
- 8.2.2. Wheat
8.3. Commercial Crops
8.4. Fruits & Vegetables
8.5. Oilseeds & Pulses
- 8.5.1. Cotton
- 8.5.2. Soybeans

9. Variable Rate Technology Market, by Farm Size

9.1. Introduction
9.2. Large farms
9.3. Mid-Sized Farms
9.4. Small Farms

10. Variable Rate Technology Market, by Application

10.1. Introduction
10.2. Crop Protection Chemicals
- 10.2.1. Fungicides & Bactericides
- 10.2.2. Herbicides
- 10.2.3. Insecticides
- 10.2.4. Nematicides
10.3. Fertilizers
- 10.3.1. NH3 VRT
- 10.3.2. UAN VRT
- 10.3.3. Urea VRT
10.4. Irrigation
10.5. Soil Sensing
10.6. Yield Monitoring

11. Americas Variable Rate Technology Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Variable Rate Technology Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Variable Rate Technology Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing