Precision Agriculture Market - Global Forecast to 2025
This report analyzes the precision agriculture market, in terms of region, function, application, product, and service.
The global precision agriculture market is dominated by North America, with a CAGR of 18% from 2019 to 2025, followed by European and Asia Pacific regions. Increasing strain on the global food supply owing to increasing population, increased cost savings associated with precision technology, and government initiatives to adopt modern agricultural management practices. The high growth can be attributed to the growing proliferation of Internet of Things (IoT) and use of advanced analytics by farmers. Advanced analytics is part of the data science that uses numerous tools and methods to forecast data and ensure that the crop and soil receive adequate nurturing. This helps farmers to plan their actions accordingly.
Demand in North America is driven by factors such as increased awareness and adoption rate of precision agriculture among farmers, increasing government initiatives for the adoption of modern agriculture technologies, and developed infrastructure have contributed to the high revenue in the region.
The geographical and application-wise split was determined using secondary sources and verified through primary respondents. Demand in different regions was considered while estimating the market share of the different regions in the precision agriculture market. The market estimation was also based on various parameters, such as the number of players, demand trends, supply trends, and the extent of research activity in a particular region.
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Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Segmentation
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders
1.7 Limitations
2 Research Methodology
2.1 Research Data
2.1.1 Key Data From Secondary Sources
2.1.2 Key Data From Primary Sources
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Macroindicators
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Assumptions
2.6 Limitations
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Macroindicators
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Drivers
4.4.2 Restraints
4.4.3 Opportunities
4.4.4 Challenges
4.5 Regulatory Framework
5 Precision Agriculture Market, By Function
5.1 Introduction
5.2 Agriculture Land Survey
5.3 Precision Soil Sampling
5.4 Harvest Monitoring
5.5 Input Application
5.5.1 Sowing & Planting
5.5.2 Pesticide Application
5.5.3 Fertilizer Application
5.6 Others
6 Precision Agriculture Market, By Application
6.1 Introduction
6.2 Crop Farming
6.2.1 Oilseed & Pulses
6.2.2 Fruits & Vegetables
6.2.3 Cereals & Grains
6.2.4 Others
6.3 Aquaculture
6.4 Livestock Farming
6.5 Others
7 Precision Agriculture Market, By Product
7.1 Introduction
7.2 Automation and Control Systems
7.3 Sensing and Monitoring Devices
7.3.1 Cameras
7.3.1.1 Visual Cameras
7.3.1.2 Multispectral Cameras
7.3.1.3 Thermal Cameras
7.3.1.4 Lidar Cameras
7.4 Software
8 Precision Agriculture Market, By Service
8.1 Introduction
8.2 Weather Information Services
8.3 Agriculture Operation & Logistics Services
8.4 Agriculture Field Map Services
8.5 Agriculture Automation Services
8.6 Others
9 Precision Agriculture Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 India
9.4.2 China
9.4.3 Australia
9.4.4 Rest of Asia Pacific
9.5 RoW
9.5.1 South America
9.5.2 Africa and the Middle East
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping (Overall Market)
10.2.1 Terminology/ Nomenclature
10.2.1.1 Dynamic Differentiators
10.2.1.2 Innovators
10.2.1.3 Visionary Leaders
10.2.1.4 Emerging Companies
10.2.2 Strength of Product Portfolio
10.2.3 Business Strategy Excellence
10.3 Market Share Analysis/ Market Ranking of Key Players
10.4 Competitive Scenario
10.4.1 Agreements, Partnerships, Collaborations & Joint Ventures
10.4.2 Expansions & Investments
10.4.3 Acquisitions
10.4.4 New Product Launches
11 Company Profiles
*(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments) Product Manufacturers
11.1 Deere & Company
11.2 Trimble
11.3 AGCO
11.4 Agjunction
11.5 Raven Industries
11.6 AG Leader Technology
11.7 Proagrica
11.8 Agribotix
11.9 DJI Innovations
11.10 Topcon Positioning Systems
11.11 Sony Corporation
11.12 Canon
11.13 Nikon
11.14 Olympus
11.14 Zeiss
11.15 Planet Labs
11.16 Satellite Imaging Corporation
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
12 Appendix
Growth opportunities and latent adjacency in Precision Agriculture Market