Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Precision Farming/Agriculture Market Outlook 2014-2025 by Regulatory Scenario and Expected Developments

Thursday, February 23, 2017 4:53
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Global Precision Farming Market is expected to reach USD 10.70 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming is an agriculture technique which enables the efficient farming and improves the productivity with the application of various technologies. The technology provides the sustainable management of the resources for enhancing the food productivity.

Data management developments along with the advancements of geo-location tracking helps the farming to detect and optimize yield operating efficiencies. The technology advancements in the precision farming helps the farmers to get the appropriate information about the planting and harvesting. The factors such as enhanced and improved profitability and yield, cost and energy saving along with the governmental assistance has further fuel the industry demand.

Geographic positioning system (GPS) is projected to contribute majorly in the guidance systems technology segment from 2016 to 2024. The growth is attributed to the ability to assist agriculture service providers and farmers to automatically record the field data and apply the input to small areas within the larger field.

Yield monitoring is considered to be the majorly used application segment in the farming owing to ability to understand field variability and provide assistance in maximizing the yields. The segment provides the information about the soil properties, weather conditions, and fertilizers which further impact the grain production in a positive manner. Furthermore, the services segment is also projected to grow at a significantly over the forecast period.

Although, lack of awareness and high initial capital investments are anticipated to hinder the industry growth over the projected period. increasing government initiative for adopting the advanced agriculture technologies is expected to overcome the awareness issue over the forecast period.

Access for Full Detail of Report and Complete TOC: http://www.grandviewresearch.com/press-release/global-precision-farming-market

Further key findings from the report suggest:

  • Precision farming are gaining traction in the market, owing to the increasing awareness for enhanced production and less wastage
  • Variable rate technology is anticipated to witness significant growth over the forecast period, owing to the increased adoption of technology across the industry
  • The Asia Pacific region is projected to witness enormous growth with the increasing adoption of advanced technology in the countries, which include South Korea, China, and Japan
  • The prominent players of the precision agriculture market are Dickey-John Corporation, Precision Planting, Inc., Raven Industries, SST Development Group, Inc.

View Blog on Precision Farming Market by Grand View Research, Inc: http://www.grandviewresearch.com/blog/precision-agriculture-market-size-share-research

Grand View Research has segmented the precision farming market based on component, technology, application, and region:

Precision Farming Component Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • Hardware
  • Software
  • Services

Precision Farming Technology Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • Variable Rate Technology (VRT)
  • Remote Sensing
  • Guidance Systems

Precision Farming Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • Yield Monitoring
  • Variable Rate Application
  • Field Mapping
  • Crop Scouting
  • Others

Precision Farming Regional Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
  • The Middle East and Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ www.grandviewresearch.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.