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Global Precision Farming Market Forecast to 2030 - COVID-19 Impact and Analysis by Offering ( Hardware [Automation & Control System, Sensing Devices, Antennas & Access Points], Software[ Web-based, Cloud-based], Services); Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labor Management); and Geography

  • Industry : Information & Communication Technology
  • No. of Pages : 175
  • Report Code : YVICT10307

Global Precision Farming Market Introduction

The precision farming market growth is attributed to the rising proliferation of the Internet of Things (IoT) and the use of advanced analytics by farmers. Several factors enabling the adoption of sustainable precision farming technologies include better education and training to farmers, easily accessible information, availability of financial resources, and high demand for organic food.

The depletion of natural resources and deterioration of the environment are some of the aspects responsible for limiting crop production. The rise in environmental concerns are encouraging farmers to shift their focus toward sustainable agriculture practices, including preservation of natural resources. This has driven the need for enhancing crop nutrition and protection, in turn increasing the market for precision farming market during the forecast period from 2021 to 2030. Technological innovations, such as vertical farms with smart designs to maximize yields and reduce waste, have unfolded numerous growth opportunities for the market.

Global Precision Farming Market Overview

The global precision farming market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The precision farming market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global precision farming market over the long as well as short period of time. Furthermore, the global Precision farming market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.


Global Precision Farming Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global precision farming market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the precision farming market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.


COVID-19 Impact on Global Precision Farming Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global precision farming market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Precision Farming Market Segmentation


 

Global Precision Farming Market – by Offering

·        Hardware

o   Automation & Control System,

o   Sensing Devices,

o   Antennas & Access Points

 

·        Software

o   Web-based

o   Cloud-based

 

·        Services

Global Precision Farming Market – by Application

·        Yield Monitoring

·        Field Mapping

·        Crop Scouting

·        Weather Tracking and Forecasting

·        Irrigation Management

·        Inventory Management

·        Farm Labor Management

Global Precision Farming Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      ABACO Group

2.      Ag Leader Technology

3.      AGCO Corporation

4.      AgJunction, Inc

5.      CropMetrics LLC

6.      Deere and Company

7.      Granular

8.      Hexagon Agriculture

9.      Prospera Technologies

10.   Raven Industries Inc.

11.   Taranis

12.   Teejet Technologies

13.   Topcon Corporation

14.   Topcon Positioning Systems

15.   Trimble, Inc. 

 Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the precision farming market.


Key Questions Answered

·        Which region provides more business opportunities for the global precision farming market in the upcoming years?

·        Who is the leading overall Precision farming market, and what strategies have been adopted by them?

·        Which segment accounted for the largest precision farming market share?  

·        What are the upcoming trends in the global precision farming market? What impact would these trends make in the coming years for the precision farming market?

·        Which player offering the best product range for the global precision farming market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the precision farming market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete precision farming market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global precision farming market with thorough impact analysis

·        The global precision farming market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global precision farming markets

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global precision farming market

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