The total precision farming market size is expected to grow at a CAGR of 12.2% from 2014 to 2020 and reach $4.55 billion by 2020. The report analyzes the precision farming supply chain, giving a very clear insight of all major segments and supported segments to the industry. The report also provides a detailed scrutiny of the Porter’s five force analysis for the market. All five major factors in these markets have been quantified using internal key parameters governing each of them.
The report also includes company profiles of leading players in this industry with their recent developments and other strategic business activities. The competitive landscape section of the report entails key growth strategies and detailed market share analysis of key industry players. Some of the major players in the precision farming market are AgJunction Inc. (U.S.), Ag Leader Technology (U.S.), Dickey-John Corporation (U.S.), Teejet Technologies (U.S.), Deere & Company (U.S), Trimble Navigation System (U.S.), Precision Planting Inc. (U.S.), ACGO Corporation (U.S.), Topcon Precision Agriculture (U.S.), and Raven Industries Inc. (U.S.).
Scope of the report
Precision farming market research report categorizes the market on the basis of technologies, components, applications, and geography. Projections in terms of value from 2014 to 2020 for the overall market and its sub segments have been covered in this report.
Market by Technology
Precision farming market is segmented on the basis of technologies such as guidance systems, remote sensing, and Variable Rate Technologies (VRT). Guidance systems are further segmented into GPS (Global Positioning Systems) and GIS (Global Information Systems). Remote sensing is further segmented into hand-held and satellite based sensing. VRT is segmented into variable rate fertilizer, variable rate pesticide, and variable rate seeding.
Market by Components
Precision farming market is segmented on the basis of components that comprise automation & control systems, sensing & monitoring devices, and Farm Management Systems (FMS).
Market by Application
The application areas of precision farming include yield monitoring, Variable Rate Application (VRA), soil monitoring, crop scouting, field mapping, and others.
Market by Geography
The geographic analysis covers the Americas, Europe, Asia-Pacific, and RoW. The cross segmentation of the data included in the report gives a deep insight about regional markets.