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Precision Agriculture Market Size, Share and Growth, 2022 to 2028

The Precision Agriculture Market is anticipated to develop at a significant growth rate over the forecasted timeframe 2022-2028, considering 2021 as base year.

Precision agriculture is an intelligent farming practice for agriculture management that uses information technology to ensure that soil and plants get everything they require for optimum health and productivity. The main objective of precision agriculture is to ensure sustainability, profitability, and protection of the environment. The agricultural sector has made tremendous changes over the years, especially in optimizing farming practices to yield maximum revenue from the produce. Moreover, advancements in technologies and high adoption from the growers are most likely to drive the market growth. 

Precision Agriculture market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on  current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.Precision Agriculture Market

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Report Scope:

Report Attribute Details
Market Size In 2021 USD xx Billion
Market Size in 2028 USD xx Billion
CAGR Growth Rate xx%.
Base Year 2021
Forecast Period 2022 to 2028

Leading Key Players:

  • AgJunction Inc. (Canada)
  • Raven Industries Inc. (U.S)
  • CNH Industrial N.V. (U.K)
  • Deere & Company (U.S)
  • Trimble, Inc. (U.S)
  • Iteris Inc. (U.S)
  • Topcon Corporation (Japan)
  • PrecisionHawk (U.S)
  • SenseFly (Cheseaux-sur-Lausanne)
  • DICKEY-john (Auburn)
  • SST Development Group, Inc. (U.S)
  • Agribotix LLC (U.S), and other major players

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Market Dynamics and Factors:

Drivers:

  • Adoption of Smart Phones in Farming

Restraints:

  • High-Priced Precision Agriculture Equipment

Opportunities:

  • Increasing Utilization of AI- based Solutions

Market Segment by Component:

  • Hardware
  • Software
  • Services

 Market Segment by Technology:

  • Remote sensing
  • GPS/GNSS systems
  • Variable rate technology
  • Guidance software
  • Geomapping

 Market Segment by Application:

  • Crop Management
  • Weather Forecasting
  • Irrigation Management
  • Field Mapping
  • Yield Monitoring
  • Others

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Market Segment by Region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Industry Development In The Precision Agriculture Market

In December, 2019, Precision Hawk announced a $32 million investment from venture investors including Third Point Ventures, Millennium Technology Value Partners, Eastward Capital Partners, and others. The company further stated that they’ll use this financing to develop the next generation of Precision Analytics, and their A.I.-powered aerial data analytics platform. The companies will further be investing in servicing and sales operations to address the growing demand for commercial drone services.

In March, 2022, Raven Industries, Inc. (the Company), the leader in Driverless Ag Technology, declared the launch of OMNiPOWER™ 3200, the latest model of its autonomous power platform that further continues to boost innovation in the industry. OMNiPOWER™ gives ag professionals the ability to undergo multiple farming operations autonomously. The new 3200 model will later boost the adoption of advanced autonomous solutions with the addition of mechanical, functional, and aesthetic enhancements that will improve efficiency and make autonomy more practical for growers.

Table of Contents

Chapter 1: Introduction

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

Chapter 4: Market Landscape

Chapter 5: Market by Type

Chapter 6: Market by Application

Chapter 7:  Market by End-User

Chapter 8: Company Profiles and Competitive Analysis

Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028

Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028

Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028

Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028

Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028

Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

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Key Benefits of Global Market Research Report:

  • Market Segmented by Types, Applications, Regions, and key players
  • Potential Market Drivers. restraints, opportunities and challenges in the study
  • Recent Key industry news, developments and trends
  • Leading Competitive landscape & strategies of industry players
  • Research coves market historical, current, and projected market size and share value
  • In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
  • Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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