Yield Monitoring Devices and Services Market by Technology (GPS/GNSS, GIS, Remote Sensing), Components (Sensors, GPS/GNSS, Display, Guidance & Steering, and Software & Services), Application (VRA, Field Mapping, Soil Monitoring, and Scouting), and Geography -Global Forecasts to 2020
Yield monitoring devices are the recent developments in the agricultural sector that allow farmers to assess the effects of weather, soil properties, fertilizers, and pesticides on yield production. Yield monitoring is considered to be the first step to implement site-specific crop management or precision farming. Yield monitoring devices and services are intended to provide farmers with an accurate assessment of the yield variation within the field, by producing the yield map of the field. The process of continuously recording the grain flow with the help of monitoring device, combined with the harvester while at the same time integrating with the actual harvest position in the field, is known as yield mapping. The yield and position data is stored and used to generate the yield map of the field.
Energy and cost saving, increased profitability, and enhancement in the yield are the major driving factors for the yield monitoring devices and services market. Additionally, the increasing demand for food due to rapidly increasing population enables farmers to opt for advanced technologies in agriculture to enhance the yield production. The report on yield monitoring devices and services market analyzes the yield monitoring supply chain, giving a very clear insight of all major segments and supported segments to the market. The yield monitoring devices and services market is segmented based on different hardware components and software services, processes, technologies, applications, and geography. This report also analyzes the market trends in the yield monitoring devices and services market, market dynamics such as market drivers, restraints, and opportunities along with the industry’s burning issues and winning imperatives.
The total market size of yield monitoring is expected to grow at a CAGR of 7.17% from 2014 to 2020 and reach $2.51 billion by 2020. The report analyzes the yield monitoring 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 Porter’s five force analysis for the market. All five major factors in these segments have been quantified using internal key parameters governing each of them.
The geographic segmentation of the report covers the four major regions of the world, namely North America, Europe, Asia-Pacific, and Rest of the World (ROW). The report also includes the company profiles of leading players in the field of yield monitoring 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 the key industry players. Major companies in this market are Ag Leader Technology (U.S.), Deere & Company (U.S.), Precision Planting Inc. (U.S.), Raven Industries Inc. (U.S.), AgJunction Inc. (U.S.), AGCO Corporation (U.S.), Trimble Navigation Limited (U.S.), Case IH (U.S.), TeeJet Technologies (U.S.), and Topcon Precision Agriculture (U.S.).
Scope of the Report
This 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
The market is segmented on the basis of technologies such as guidance systems and remote sensing. 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.
Market by Component
This market is segmented on the basis of hardware components and software solutions; hardware components comprise sensors, GPS/GNSS devices, display devices, and guidance and steering. The software solutions include yield data management software, and consulting and training services.
Market by Application
The application areas of yield monitoring include yield monitoring, Variable Rate Application (VRA), soil monitoring, crop scouting, field mapping, and others.
Market by Geography
The geographic analysis covers North America, South America, Europe, Asia-Pacific, and RoW. The cross segmentation of the data included in the report gives a deep insight about the regional markets.