The global Precision Farming market is projected to grow from $ 4.84 billion in 2018 to $ 10.16 billion in 2024, exhibiting a TACC of more than +13% during the forecast period, due to several government initiatives to adopt modern agricultural processes. The population increase is resulting in a high demand for food supply, which can be achieved by adopting advanced agricultural technologies. In addition, changing weather conditions and the need to increase crop yields and improve farm productivity will help the precision agriculture market, globally, during the forecast period.

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It was found that adoption was high, in areas where labor costs are high and land costs are relatively cheap. The biased nature of adoption can be attributed to the presence of several exogenous factors, such as the availability of financial aid and initial effectiveness. In some cases, it was discovered that farmers expected a rapid return on investment, which remains largely difficult to achieve. Awareness programs could be very useful for educating farmers about the benefits of using VET practices, especially in the case of developing countries.

Key players in the precision farming market include Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), The Climate Corporation (US), CropMetrics (US), Agribotix (US), Topcon Positioning Systems (US), Descartes Labs (US), ec2ce (Spain), Gamaya (Switzerland), and Decisive Farming (Canada).

BY TECHNOLOGY
  • Geographic information system (GIS)
  • Telematics
  • Variable rate technology (VRT)
  • Global positioning system (GPS)
  • Remote Sensing
BY COMPONENT Hardware 
  • Sensors
  • Drones
  • Automated Steering System
  • Radar
  • Global positioning system (GPS)
  • Others
Software
  • Geographic information system (GIS)
  • Crop Management Software
  • Weather Tracking and Forecasting Software
  • Inventory Management Software
  • People Management Software
  • Financial Management Software
Get a massive discount on this report: https://www.marketresearchinc.com/ask-for-discount.php?id=28628 Table of content Chapter 1 Global Precision Farming Market Overview Chapter 2 Global Economic Impact on Precision Farming Industry Chapter 3 Global Precision Farming Market Competition by Manufacturers Chapter 4 Global Precision Farming Production, Revenue (Value) by Region (2012-2018) Chapter 5 Global Precision Farming Supply (Production), Consumption, Export, Import by Regions (2012-2018) Chapter 6 Global Precision Farming Production, Revenue (Value), Price Trend by Type Chapter 7 Global Precision Farming Market Analysis by Application Chapter 8 Precision Farming Manufacturing Cost Analysis Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers To continue About Us: Market Research Inc is farsighted in its view and covers massive ground in Global research. Local or Global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other.  When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing Global thought leadership. We help your product/service become the best they can with our informed approach. Contact Us: Author Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225 1818 Email: sales@marketresearchinc.com