Precision Farming Market by Technology & Components

Precision farming market forecast report categorizes global market by technology (gps/gnss, gis, remote sensing & vrt), components (automation & control, sensors, fms), application (yield monitoring, vra, mapping, soil monitoring, scouting) and geography. Precision farming market forecast report categorizes global market by technology (gps/gnss, gis, remote sensing & vrt), components (automation & control, sensors, fms), application (yield monitoring, vra, mapping, soil monitoring, scouting) and geography.

19.05.2015 Views

MarketsandMarkets Presents Precision Farming Market (GPS/GNSS, GIS, Remote Sensing & VRT) worth $4.55 Billion by 2020 http://www.marketsandmarkets.com/Market-Reports/precision-farming-market-1243.html

<strong>Market</strong>sand<strong>Market</strong>s<br />

Presents<br />

<strong>Precision</strong> <strong>Farming</strong> <strong>Market</strong> (GPS/GNSS, GIS, Remote Sensing & VRT)<br />

worth $4.55 Billion <strong>by</strong> 2020<br />

http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/precision-farming-market-1243.html


According to a new market research report "<strong>Precision</strong> <strong>Farming</strong> <strong>Market</strong> <strong>by</strong> <strong>Technology</strong><br />

(GPS/GNSS, GIS, Remote Sensing & VRT), <strong>Components</strong> (Automation & Control, Sensors,<br />

FMS), Application (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) and<br />

Geography - Global Forecasts to 2020" the total precision farming market is expected to<br />

reach $4.55billion <strong>by</strong> 2020, growing at a CAGR of 12.2% from 2014 to 2020.<br />

http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/precision-farming-market-1243.html<br />

Browse:<br />

72 <strong>Market</strong> Data Tables<br />

73 Figures<br />

189 pages<br />

Early buyers will receive 10% customization on this report.<br />

http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/precision-farming-market-1243.html


The need for precision farming products is evolving and growing continuously. The<br />

precision farming techniques are utilized for site specific farming, which means better<br />

efficiency, high yield, and profitability with optimum usage of resources. <strong>Precision</strong> farming<br />

products have a special place in different agro-based applications. <strong>Precision</strong> agriculture<br />

techniques find its major applications in yield monitoring, Variable Rate Application (VRA),<br />

mapping, soil monitoring, and crop scouting.<br />

The precision farming market is expected to benefit from emerging market investments<br />

that are lifting the standards of agriculture, while the developed markets are expected to<br />

continue investing in more efficient precision farming techniques, systems, and procedures,<br />

which offer high yields and profits. The increasing demand for food is pushing the growers<br />

to adopt precision farming techniques and optimize their resources efficiently with<br />

minimum wastages.<br />

The report provides a detailed segmentation <strong>by</strong> technology, component, and<br />

application.The geographic analysis covers all existing and emerging technologies in the<br />

precision farming market. The market based on technology is segmented into guidance<br />

system, remote sensing, and Variable Rate <strong>Technology</strong> (VRT). The market based on<br />

components is segmented into automation & control systems, sensing and monitoring<br />

devices, and Farm Management System (FMS).<br />

http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/precision-farming-market-<br />

1243.html


The report also covers major applications of precision farming techniques such as yield<br />

monitoring, filed mapping, Variable Rate Application (VRA), soil monitoring, and crop<br />

scouting with qualitative and quantitative industry insights.<br />

One of the objectives of the report was to analyze market trends for each of the precision<br />

farming market segments and their respective growth rates. Apart from market<br />

segmentation the report also covers an in-depth analysis such as Porter’s five force analysis,<br />

supply chain with a detailed process flow diagram, and market dynamics such as drivers,<br />

restraints, and opportunities for the precision farming market.<br />

The market size for precision farming is included in the report in four geographic splits,<br />

namely- Americas, Europe, Asia-Pacific, and Rest of the World (RoW). North America is<br />

estimated to account for a major share in the precision farming market, which is expected to<br />

be followed <strong>by</strong> Europe and Asia-Pacific. Moreover, the Asia-Pacific market for precision<br />

farming is expected to grow at a high rate.<br />

http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/precision-farming-market-1243.html


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1243.html


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