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Global GNSS Devices Market in Agriculture Sector 2018-2022 Featuring Key Vendors - Deere & Company, Hemisphere GNSS, HEXAGON, Septentrio, TOPCON, and Trimble - ResearchAndMarkets.com

November 19, 2018

DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “Global GNSS Devices Market in Agriculture Sector 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The GNSS devices market in agricultural sector will register a CAGR of over 18% by 2022.

With the economic benefits of auto-steering systems, there is a growing demand for GNSS-based auto steering systems. GNSS-based auto steering systems are gaining high traction in the market as they ensure that the agricultural machinery makes less emissions or repeated passes during its operation due to poor visibility.

The use of GNSS-based auto steering allows farmers to determine geographic coordinates accurately, which is essential to ensure the optimum performance of agricultural machinery in the field. Moreover, GNSS-based auto steering systems do not require new, fully integrated machinery as they can be installed as standalone systems in any machinery, which will contribute to growth in demand for auto steering in the coming few years.

Market Overview

Increasing need to optimize crop inputs

Lower yields and expanding population require an increase in agricultural productivity, which, in turn, requires optimization of agricultural inputs along with the adoption of technical devices that can overcome the challenges faced by the farmers. The use of GNSS devices can ensure precision point positioning (PPP) in farms as it helps in reducing the time-frame of farming operations and provides significant economic benefits such as reduction in fuel consumption and labor.

Lack of awareness about modern software and tools

One of the major challenges for the growth of the global GNSS devices market in agricultural sector is the technological and social background of the farmers, as they might lack the knowledge about the use of advanced technology, which results to reduction in farming output.

Competitive Landscape

The market appears to be fragmented and with the presence of a few established companies including Deere & Company and Hemisphere GNSS, the market is expected to turn reasonably concentrated in the next five years. Factors such as the growing demand for GNSS-based auto steering systems and increasing need to optimize crop inputs, will provide considerable growth opportunities to GNSS device manufacturers.

Deere & Company, Hemisphere GNSS, HEXAGON, Septentrio, TOPCON, and Trimble are some of the major companies covered in this report.

Summary:

One trend affecting this market is the increasing demand for auto-steering systems in agriculture. GNSS-based auto steering systems are gaining high traction in the market as they ensure that the agricultural machinery makes less emissions or repeated passes during its operation due to poor visibility.

According to the report, one driver influencing this market is the rise in need to optimize agriculture inputs. Lower yields and expanding population require an increase in agricultural productivity, which, in turn, requires optimization of agricultural inputs along with the adoption of technical devices that can overcome the challenges faced by the farmers.

Further, the report states that one challenge affecting this market is the lack of awareness about modern software and tools. One of the major challenges for the growth of the global GNSS devices market in agricultural sector is the technological and social background of the farmers, as they might lack the knowledge about the use of advanced technology, which results to reduction in farming output.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 05: MARKET SIZING

Market definition Market sizing 2017 Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

Segmentation by application Comparison by application Tractor guidance - Market size and forecast 2017-2022 Auto steering - Market size and forecast 2017-2022 VRT - Market size and forecast 2017-2022 Asset management - Market size and forecast 2017-2022 Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

Geographical segmentation Regional comparison Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

Market drivers Market challenges

PART 12: MARKET TRENDS

Increasing demand for auto-steering systems in agriculture Emergence of precision agriculture Introduction of new GNSS devices in the agriculture sector

PART 13: VENDOR LANDSCAPE

Landscape disruption Competitive scenario

PART 14: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Deere & Company Hemisphere GNSS HEXAGON Septentrio TOPCON Trimble

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/cwrfm4/global_gnss?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005599/en/

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Related Topics:Agriculture,Global Positioning Systems Software

KEYWORD:

INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/19/2018 11:46 AM/DISC: 11/19/2018 11:46 AM

http://www.businesswire.com/news/home/20181119005599/en

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