Precision Farming Market

Precision Farming Market Set to Exceed USD USD 13,016 million by 2026 | CAGR “Precision Farming/Agriculture Market [By Hardware 14.7% (Automation & Control System, Sensing Devices, Access Points); By Deployment (Web-based/Local, Cloud Based); By Service (System Integration, Managed Services, Maintenance & Support, Consulting); By Application (Irrigation Management, Crop Scouting, Yield Monitoring, Weather Tracking and Forecasting, Field Mapping, Inventory Management, and Farm Labor Management); By Regions]: Market size & Forecast, 2017 – 2026”

Precision Farming Market Estimate & Forecast to 2026 The global precision agriculture market is anticipated to reach over USD 13,016 million by 2026, According to a new study published by Polaris Market Research. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period. There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.

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Precision Farming Market Scope By Hardware Type

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By Deployment Type

By Service

By Region

By Application

Report Attributes

Automation &

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Web-Based/Local

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System Integration

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Irrigation Management

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North America

Control

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Cloud Based

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Managed Services

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Crop Scouting

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Europe

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Maintenance &

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Yield Monitoring

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Asia Pacific

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Base year: 2017

Support

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Weather Tracking and

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Latin America

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Forecast Year: 2018-

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Sensing devices

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Antennas/access points

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Consulting

Forecasting

Middle East &

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Field Mapping

Africa

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Inventory Management

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Farm Labor Management

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Historic year: 20152016

2026 

Revenue (USD Million)

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Precision Farming Market Estimate & Forecast to 2026 Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring. The well-known companies profiled in the report include Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Precision Farming Market Share By Type, 2017 & 2026

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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

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