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Precision Farming Market By Offerings (Hardware, Software, Services) By Technology (Remote Sensing, Guidance System, Variable Rate Technology) By Application (Yield Monitoring, Crop Scouting, Field Mapping, Controller, Weather Tracking & Forecasting) - Global size Analysis and Industry Forecast, 2018-2023.

 Agriculture

Report Overview

GLOBAL PRECISION FARMING MARKET was valued at USD 3.69 Billion in the year 2017. The Global Precision Farming Market is further estimated to grow at a CAGR of 13.63% from 2018 to reach USD 7.95 Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific region is considered as the fastest growing market 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 market share and is projected to grow strongly in the coming.

Deere & Company (U.S.), AJ Junction, Inc. (U.S.) AGCO Corporation (U.S.), Raven Industries (U.S.) and Trimble, Inc. (U.S.) are some of the key players in the Global Precision Farming market. Better global reach at an operational level is the main reason the key players are holding substantial market share. 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.

Drivers:

            Advancing agricultural techniques

            Various Government initiative for the agriculture sector

            Growing awareness of precision farming

Restraints:

            High initial investments

Opportunities:

            Growing usage of a smartphone in farming

Challenges:

            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 market is sub-segmented as hardware, software & services of which the service segment is expected to hold the highest market share during the forecast.

The segmentation done on the basis of technology includes remote sensing, guidance system and variable rate technology of which Variable Rate Technology segment is expected to hold the highest market share due to high demand and various benefits. On the basis of Application the market is segmented as yield monitoring, crop scouting, field mapping, weather tracking & forecasting, inventory management, farm labor management and irrigation management of which yield monitoring application type holds the highest market share and is expected to grow at the highest CAGR during the forecasted period due to rise in consumption.

Key Benefits for Stakeholders

Precision Farming Manufacturers, Distributors and Retailers

Research and Consulting Organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Offerings

Hardware

            Automation & Control System

            Sensing and Monitoring Devices

Software

            Cloud-Based

            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

Europe

Asia-Pacific

RoW

Key Market Players

Deere & Company

AGCO Corporation

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.

(A brief overview of 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

             2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

             2.1.2.1. Key Data from Primary Research

             2.1.2.2. Breakdowns of Primary Interviews

2.2. Market 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. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

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 Market, 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 Market, By Technology

7.1 Remote Sensing

7.2 Guidance System

7.3 Variable Rate Technology

8. Precision Farming Market, 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. U.K.

       9.3.2. Germany

       9.3.3. France

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. South Korea

       9.4.2. China

       9.4.3. Japan

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 Deere & Company

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.

(A brief overview of 15 companies is also provided.)

11. Competitive Analysis

11.1. Introduction

11.2. Market 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)

 

List of tables (120 Tables)

TABLE 1 Precision farming - Industry snapshot & critical success factor, 2018 - 2023
TABLE 2 Global precision farming market, 2018 - 2023 (USD Million)
TABLE 3 Global precision farming market estimates and forecasts by offering, (USD Million), 2018 - 2023
TABLE 4 Global precision farming market estimates and forecasts by application, (USD Million), 2018 - 2023
TABLE 5 Global precision farming market estimates and forecasts by region, (USD Million), 2018 - 2023
TABLE 6 Key company analysis
TABLE 7 Key start-up analysis
TABLE 8 Global hardware market by region, 2018 - 2023 (USD Million)
TABLE 9 Global precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 10 Global hardware market by automation & control system, 2018 - 2023 (USD Million)
TABLE 11 Global automation & control system market by guidance system, 2018 - 2023 (USD Million)
TABLE 12 Global automation & control system market by remote sensing, 2018 - 2023 (USD Million)
TABLE 13 Global automation & control system market by VRT, 2018 - 2023 (USD Million)
TABLE 14 Global automation & control system by wireless module, 2018 - 2023 (USD Million)
TABLE 15 Global hardware market by sensing devices, 2018 - 2023 (USD Million)
TABLE 16 Global sensing devices market by soil sensor, 2018 - 2023 (USD Million)
TABLE 17 Global software market by region, 2018 - 2023 (USD Million)
TABLE 18 Global precision farming market by software, 2018 - 2023 (USD Million)
TABLE 19 Global services market by region, 2018 - 2023 (USD Million)
TABLE 20 Global precision farming market by services, 2018 - 2023 (USD Million)
TABLE 21 Global precision farming market by managed services, 2018 - 2023 (USD Million)
TABLE 22 Global precision farming market by assisted professional services, 2018 - 2023 (USD Million)
TABLE 23 Global Yield Monitoring market by region, 2018 - 2023 (USD Million)
TABLE 24 Global application market by yield monitoring, 2018 - 2023 (USD Million)
TABLE 25 Global field mapping market by region, 2018 - 2023 (USD Million)
TABLE 26 Global crop scouting market by region, 2018 - 2023 (USD Million)
TABLE 27 Global weather tracking & forecasting market by region, 2018 - 2023 (USD Million)
TABLE 28 Global irrigation management market by region, 2018 - 2023 (USD Million)
TABLE 29 Global inventory management market by region, 2018 - 2023 (USD Million)
TABLE 30 Global farm labor management market by region, 2018 - 2023 (USD Million)
TABLE 31 North America precision farming market, 2018 - 2023 (USD Million)
TABLE 32 North America precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 33 North America precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 34 North America precision farming market by software, 2018 - 2023 (USD Million)
TABLE 35 North America precision farming market by services, 2018 - 2023 (USD Million)
TABLE 36 North America precision farming market by application, 2018 - 2023 (USD Million)
TABLE 37 U.S. precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 38 U.S. precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 39 U.S. precision farming market by software, 2018 - 2023 (USD Million)
TABLE 40 U.S. precision farming market by services, 2018 - 2023 (USD Million)
TABLE 41 U.S. precision farming market by application, 2018 - 2023 (USD Million)
TABLE 42 Canada precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 43 Canada precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 44 Canada precision farming market by software, 2018 - 2023 (USD Million)
TABLE 45 Canada precision farming market by services, 2018 - 2023 (USD Million)
TABLE 46 Canada precision farming market by application, 2018 - 2023 (USD Million)
TABLE 47 Mexico precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 48 Mexico precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 49 Mexico precision farming market by software, 2018 - 2023 (USD Million)
TABLE 50 Mexico precision farming market by services, 2018 - 2023 (USD Million)
TABLE 51 Mexico precision farming market by application, 2018 - 2023 (USD Million)
TABLE 52 Europe precision farming market, 2018 - 2023 (USD Million)
TABLE 53 Europe precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 54 Europe precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 55 Europe precision farming market by software, 2018 - 2023 (USD Million)
TABLE 56 Europe precision farming market by services, 2018 - 2023 (USD Million)
TABLE 57 Europe precision farming market by application, 2018 - 2023 (USD Million)
TABLE 58 UK precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 59 UK precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 60 UK precision farming market by software, 2018 - 2023 (USD Million)
TABLE 61 UK precision farming market by services, 2018 - 2023 (USD Million)
TABLE 62 UK precision farming market by application, 2018 - 2023 (USD Million)
TABLE 63 Germany precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 64 Germany precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 65 Germany precision farming market by software, 2018 - 2023 (USD Million)
TABLE 66 Germany precision farming market by services, 2018 - 2023 (USD Million)
TABLE 67 Germany precision farming market by application, 2018 - 2023 (USD Million)
TABLE 68 France precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 69 France precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 70 France precision farming market by software, 2018 - 2023 (USD Million)
TABLE 71 France precision farming market by services, 2018 - 2023 (USD Million)
TABLE 72 France precision farming market by application, 2018 - 2023 (USD Million)
TABLE 73 Russia precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 74 Russia precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 75 Russia precision farming market by software, 2018 - 2023 (USD Million)
TABLE 76 Russia precision farming market by services, 2018 - 2023 (USD Million)
TABLE 77 Russia precision farming market by application, 2018 - 2023 (USD Million)
TABLE 78 Asia Pacific precision farming market, 2018 - 2023 (USD Million)
TABLE 79 Asia Pacific precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 80 Asia Pacific precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 81 Asia Pacific precision farming market by software, 2018 - 2023 (USD Million)
TABLE 82 Asia Pacific precision farming market by services, 2018 - 2023 (USD Million)
TABLE 83 Asia Pacific precision farming market by application, 2018 - 2023 (USD Million)
TABLE 84 China precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 85 China precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 86 China precision farming market by software, 2018 - 2023 (USD Million)
TABLE 87 China precision farming market by services, 2018 - 2023 (USD Million)
TABLE 88 China precision farming market by application, 2018 - 2023 (USD Million)
TABLE 89 India precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 90 India precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 91 India precision farming market by software, 2018 - 2023 (USD Million)
TABLE 92 India precision farming market by services, 2018 - 2023 (USD Million)
TABLE 93 India precision farming market by application, 2018 - 2023 (USD Million)
TABLE 94 Japan precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 95 Japan precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 96 Japan precision farming market by software, 2018 - 2023 (USD Million)
TABLE 97 Japan precision farming market by services, 2018 - 2023 (USD Million)
TABLE 98 Japan precision farming market by application, 2018 - 2023 (USD Million)
TABLE 99 Australia precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 100 Australia precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 101 Australia precision farming market by software, 2018 - 2023 (USD Million)
TABLE 102 Australia precision farming market by services, 2018 - 2023 (USD Million)
TABLE 103 Australia precision farming market by application, 2018 - 2023 (USD Million)
TABLE 104 South America precision farming market, 2018 - 2023 (USD Million)
TABLE 105 South America precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 106 South America precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 107 South America precision farming market by software, 2018 - 2023 (USD Million)
TABLE 108 South America precision farming market by services, 2018 - 2023 (USD Million)
TABLE 109 South America precision farming market by application, 2018 - 2023 (USD Million)
TABLE 110 Brazil precision farming market by offering, 2018 - 2023 (USD Million)
TABLE 111 Brazil precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 112 Brazil precision farming market by software, 2018 - 2023 (USD Million)
TABLE 113 Brazil precision farming market by services, 2018 - 2023 (USD Million)
TABLE 114 Brazil precision farming market by application, 2018 - 2023 (USD Million)
TABLE 115 MEA precision farming market, 2018 - 2023 (USD Million)
TABLE 116 MEA Precision Farming market by offering, 2018 - 2023 (USD Million)
TABLE 117 MEA precision farming market by hardware, 2018 - 2023 (USD Million)
TABLE 118 MEA precision farming market by software, 2018 - 2023 (USD Million)
TABLE 119 MEA precision farming market by services, 2018 - 2023 (USD Million)
TABLE 120 MEA precision farming market by application, 2018 - 2023 (USD Million)


List of Figures (21 Figures)

FIG. 1 Agritech cluster and related technology.
FIG. 2 Data-enabled agriculture value chain
FIG. 3 Agribusiness company’s investment priorities in agritech cluster
FIG. 4 Precision farming: Barriers and benefits
FIG. 5 Market segmentation &scope
FIG. 6 Precision farming market size and growth prospects (Revenue in USD Million) 2018-2023
FIG. 7 Precision farming- Value chain analysis
FIG. 8 Precision farming- Hardware value chain analysis
FIG. 9 Market dynamics
FIG. 10 Key opportunities prioritized
FIG. 11 Porter’s five forces analysis
FIG. 12 Precision farming- PEST analysis
FIG. 13 Precision farming market: Offering movement analysis
FIG. 14 Precision farming market: Application movement analysis
FIG. 15 Regional marketplace: Key takeaways
FIG. 16 Regional outlook, 2018 & 2023
FIG. 17 North America market place: Key takeaways
FIG. 18 Europe market place: Key takeaways
FIG. 19 Asia Pacific market place: Key takeaways
FIG. 20 South America market place: Key takeaways
FIG. 21 MEA market place: Key takeaways

 

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