Precision Agriculture Market Witness Highest Growth at a CAGR of 13% by 2030
Global Quick Overview of the Precision Agriculture Market Analysis
The objective of the Global Precision
Agriculture Market Research Report is to provide a detailed and useful
data, and a geographical perspective for predictions of future. The
recommendations included in the report are supposed to be insightful and
actionable, offering a thorough understanding of the industry. Moreover, it
includes a comprehensive table of contents, relevant data, and an analysis of
numerous important aspects that have impacted the market.
According
to the latest report analysis by MarkNtel
Advisors, the Global Precision
Agriculture Market size was valued at around USD 10.43 billion in 2023 and is projected to grow at a CAGR of around 13% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the
current market state, including market trends, opportunities, along with the
recent developments. In-depth analysis of market share, size, forecast, and
competitive landscape is also covered in this report that presents a clear
picture of the industry with relevant statistical data.
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A Detailed Outlook of Precision Agriculture Market
Segmentation
The Market Segmentation analysis provides and accurate
data of the industry to help the analysts make smart strategic investment
decisions. Also, the prediction of the market is included for national, and
level in the research. The study analyses latest trends of the industry from
2024-30 for each of the category. Different segments were used to classify the
market for this study are listed below:
-By Offering
·
Hardware
·
Software
·
Services
-By Application
·
Precision
Irrigation
·
Field
Monitoring
·
Precision
Spraying
·
Precision
Fertilization
·
Precision
Planting
·
Data
Management
·
Other
Applications
-By Agricultural Produce
·
Cereals
·
Oil Crops
·
Roots,
Tuber, and Plantains
·
Industrial
Crops
·
Fruits
·
Vegetables
·
Nuts
·
Others
-By Technology
·
Guidance
System
·
Variable
Rate Technology (VRT)
·
Remote
Sensing
·
Data
Analytics
Geographical Analysis:
-By Region
·
North
America
·
Latin
America
·
Europe
·
Middle
East & Africa
·
Asia-Pacific
North America is leading the precision agriculture industry with a
majority of the market share. North America Precision Agriculture Market
registered solid revenue growth in the past few years. This region is known for
its brand-new farming strategies, large use of agricultural technology, and
excessive investments in agricultural R&D. Large-scale agricultural groups
in North America have embraced precision agriculture technologies inclusive of
sensors, drones, GPS-guided systems, and data analytics. By using these
technologies, farmers may additionally maximize the usage of key inputs like
herbicides, fertilizers, and seeds, which will increase agricultural yields at
the same time as lowering costs and propelling sustainability. Thus, these
factors are augmenting the size & volume of the precision agriculture
industry in North America.
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Our Comprehensive Study: https://www.marknteladvisors.com/research-library/global-precision-agriculture-market.html
Global Precision
Agriculture Industry Recent Development:
·
In May 2024: The National Sorghum
Producers (NSP) and Farmers Edge, a pure-play digital ag firm, are thrilled to
announce a new strategic relationship intended to improve sustainable farming
practices for sorghum producers.
·
In July 2023: Smart Apply, Inc. (US), a
manufacturer of precision spraying equipment, has been acquired by Deere &
Company. By acquiring this business, the company hopes to increase its focus on
high-value crop dealers and clients and expand the array of services it offers
to help producers address their main issues with labor, input prices, and
regulatory compliance.
·
In May 2023: AgEagle Aerial Systems
Inc., a global provider of agricultural technology solutions, announced that it
has partnered with Wingtra AG on a new supply arrangement. It is anticipated
that the two-year supply deal would safely deliver RedEdge-P sensor modules for
WingtraOne VTOL drone integration.
Lead the Precision Agriculture Market with a Deep
Evaluation of the Competition
This report also includes accurate facts, figures, and
market data into income assessments, and projections in the industry by using a
wide range of statistical tools and knowledge about the market by the experts.
Each notable market participant has a SWOT evaluation, a profile and a
complementary Porter’s Five Forces analysis.
Moreover, to take the benefits of new opportunities,
dominating players have been constantly realigning their systems, and methods
of operation. We also evaluate major businesses that are influences on a
geographical scale along with the small and medium-sized businesses that plays
crucial role and have substantial opportunity for expansion in order to
accurately reflect the levels of market competition.
The details on the
following key players is presented in this section as:
·
Deere & Company
·
CropMetrics LLC
·
Trimble Navigation Limited
·
Ag Leader Technology
·
AgJunction, Inc.
·
AgEagle Aerial Systems Inc.
(Agribotix LLC)
·
DICKEY-john Corporation
·
Farmers Edge Inc.
·
Grownetics, Inc.
·
Granular, Inc.
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Key Report Highlights
·
Market
Dimensions & Projections
·
Pricing
Evaluation,
·
Recent
Strategic Moves by Companies,
·
Primary
Stakeholders,
·
Analysis
of Import and Export Trends,
·
Competitive
Landscape Assessment,
·
Emerging
Opportunities,
·
Market
Trends and Indicators
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm
that provides an extensive range of strategic reports on diverse industry
verticals. We deliver data to a substantial & varied client base, including
multinational corporations, financial institutions, governments, &
individuals, among others.
Our specialization in niche industries
& emerging geographies allows our clients to formulate their strategies in
a much more informed way and entail parameters like Go-to-Market (GTM), product
development, feasibility analysis, project scoping, market segmentation,
competitive benchmarking, market sizing & forecasting, & trend
analysis, among others, for 14.8 diverse industrial verticals.
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