Global Precision Farming Market Analysis, Growth, Trends & Forecasts 2018-2023 - ResearchAndMarkets.com
May. 16, 2018
DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Precision Farming Market - Segmented by Technology, Hardware and Software Components, Application and Region - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Precision Farming Market was valued at USD 3.58 billion in 2017, and is expected to reach a value of USD 7.30 billion by 2023, at a CAGR of 12.61% over the forecast period, 2018-2023.
The adoption was found to be high, in areas where labor costs are high and land costs are relatively inexpensive. The skewed nature of adoption can be attributed to the presence of several exogenous factors, such as the availability of financial aid and initial effectiveness.
Agriculture contributes to 2% of the global revenue of GNSS systems, considering the receivers, navigation, maps, and software. Of the four billion GNSS devices used worldwide, Asia-Pacific has the highest contribution, which is higher than both Europe and North America, combined.
As per estimates of the US Department of Agriculture, nearly 2.06 million farms in the United States used 911 million acre land with a production value of USD 355.9 billion in 2016.
It is estimated that only 20% of the total acreage in the United States and 58% of the producers implement precision agricultural technologies. AgLeader, Agri-vision, Blue River Technologies, Crop Venture Incorporated, Farm Works, and Holland Scientifics are some of the precision agriculture companies based in the United States.
Companies MentionedAGCO Corporation AG Junction Inc. John Deere Co. Dickey-john Corporation Teejet Technologies Illinois LLC Raven Industries Inc. Lindsay Corporation Monsanto Company Valmont Industries Inc. Topcon Precision Agriculture
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Precision Farming Market-Segmentation
6. Competitive Landscape
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of the Global Precision Farming Market
For more information about this report visit https://www.researchandmarkets.com/research/hqfbfm/global_precision?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180516006430/en/
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INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
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PUB: 05/16/2018 04:05 PM/DISC: 05/16/2018 04:05 PM