Precision Farming Industry By Technology (Remote Sensing, Guidance System, Variable Rate Technology), By Offerings (Hardware, Software, Services), and By Application (Yield Monitoring, Crop Scouting, Field Mapping, Controller, Weather Tracking & Forecasting) -Global Market Size Analysis and Forecast 2019-2025

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    17 Jul 2021
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Impact Analysis on the Growth of Market

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Market Overview:

Global Precision Farming Industry was valued at USD 3.7 Billion in the year 2017. The Global Precision Farming Industry is further estimated to grow at a CAGR of 13.62% from 2018 to reach USD 10.26 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific region is considered as the fastest growing Industry in the forecasted period due to growing demand of Precision Farming and developing agriculture sector in the region. At a country level, the U.S. and Canada in North America and China, India, and Japan in Asia-Pacific holds the notable Industry share and is projected to grow strongly in the coming.

Major market players in Precision Farming Industry are Deere & Company, AGCO Cop., AgSmarts Inc., Monsanto Company, Ag Leader Technology, Ag Leader Technology, Agribotix LLC, Raven Industries, Trimble Inc., AgJunction Inc., SST Development Group Inc., Farmers Edge Inc., and brief overview of 10 more companies is provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

SWOT Analysis of Precision Farming Industry:
Advancing agricultural techniques
Various Government initiative for the agriculture sector
Growing awareness of precision farming
High initial investments
Growing usage of a smartphone in farming
Lack of technology acceptance
Lack of standardization

The segmentation is done on the basis of offerings, by technology, by application, and by region. On the basis of offerings, the global Precision Farming Industry is sub-segmented as hardware, software & services of which the service segment is expected to hold the highest Industry share during the forecast.

By Offerings
• Hardware
o Automation & Control System
o Sensing and Monitoring Devices
• Software
o Cloud-Based
o Local/Web Based
• Services
By Technology
• Remote Sensing
• Guidance System
• Variable Rate Technology
By Application
• Yield monitoring
• Crop scouting
• Field mapping
• Weather tracking & forecasting
• Inventory management
• Farm labor management
• Irrigation management

By Region
North America
• Canada
• Germany
• U.K.
• France
• Italy
• Rest of Europe
• China
• India
• Japan
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook



1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research Key Data from Secondary Research
2.1.2. Primary Research Key Data from Primary Research Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Precision Farming Industry, by offerings
6.1 Hardware
6.1.1 Automation & Control System
6.1.2 Sensing and Monitoring Devices
6.2 Software
6.2.1 Cloud-Based
6.2.2 Local/Web Based
6.3 Services
7. Precision Farming Industry, By Technology
7.1 Remote Sensing
7.2 Guidance System
7.3 Variable Rate Technology
8. Precision Farming Industry, By Application
8.1 Yield monitoring
8.2 Crop scouting
8.3 Field mapping
8.4 Weather tracking & forecasting
8.5 Inventory management
8.6 Farm labor management
8.7 Irrigation management
9 Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. RoAPAC
9.5. RoW
9.5.1. Latin America Brazil Argentina Rest of Latin America
9.5.2. Middle East and Africa
10. Company Profiles
10.1 Deere & Company
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Product Overview
10.1.4 Current Development
10.2 AGCO Corporation
10.3 AgSmarts Inc.
10.4 Monsanto Company
10.5 Ag Leader Technology
10.6 Ag Leader Technology
10.7 Agribotix LLC
10.8 Raven Industries
10.9 Trimble, Inc.
10.10 AgJunction, Inc.
10.11. SST Development Group, Inc.
10.12 Farmers Edge Inc.
11. Competitive Analysis
11.1. Introduction
11.2. Industry Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
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