Precision farming market

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Precision Farming MarketSet to Exceed USD USD
13,016 million by 2026 CAGR 14.7

• Precision Farming/Agriculture Market By
  Hardware (Automation Control System, Sensing
  Devices, Access Points) By Deployment
  (Web-based/Local, Cloud Based) By Service
  (System Integration, Managed Services,
  Maintenance Support, Consulting) By
  Application (Irrigation Management, Crop
  Scouting, Yield Monitoring, Weather Tracking and
  Forecasting, Field Mapping, Inventory Management,
  and Farm Labor Management) By Regions Market
  size Forecast, 2017 2026

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Precision Farming Market Estimate Forecast to
2026
The global precision agriculture market is
anticipated to reach over USD 13,016 million by
2026, According to a new study published by
Polaris Market Research. In 2017, the yield
monitoring application dominated the global
market, in terms of revenue. North America is
expected to be the leading contributor to the
global market revenue during the forecast
period. There has been an increasing adoption of
precision farming across the world owing to
growing agricultural industry, and high-demand
for food crops. The global precision farming
market is driven by the increasing need to
improve the quality of crops produced, maximizing
crop production, and enhanced crop monitoring.
Technological advancement along with government
subsidies further boosts the market growth.
However, high initial investment and lack of
awareness limit the precision farming market
growth.
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Precision Farming Market Scope
By Hardware Type By Deployment Type By Service By Application By Region Report Attributes
Automation Control Sensing devices Antennas/access points Web-Based/Local Cloud Based System Integration Managed Services Maintenance Support Consulting Irrigation Management Crop Scouting Yield Monitoring Weather Tracking and Forecasting Field Mapping Inventory Management Farm Labor Management North America Europe Asia Pacific Latin America Middle East Africa Historic year 2015-2016 Base year 2017 Forecast Year 2018-2026 Revenue (USD Million)
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Precision Farming Market Estimate Forecast to
2026
Various applications of precision farming
include irrigation management, crop scouting,
yield monitoring, weather tracking and
forecasting, field mapping, inventory management,
and farm labor management. In 2017, yield
monitoring accounted for the largest share in the
global market, and was estimated at 1,974
million in 2017, registering a CAGR of 13.2
during the forecast period. This is attributable
to the benefits offered by yield monitoring such
as reduced cost, improved yields, and enhanced
decision making. Yield monitoring is further
divided into on-farm yield monitoring, and
off-farm yield monitoring. The well-known
companies profiled in the report include Ag
Leader Technology, AGCO Corporation, Deere and
Company, Topcon Corporation, Trimble, Inc., The
Climate Corporation, Farmers Edge Inc., and
AgJunction, Inc. among others. These companies
launch new products and collaborate with other
market leaders to innovate and launch new
products to meet the increasing needs and
requirements of consumers.




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Precision Farming Market Share By Type, 2017
2026
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Precision Farming Market Study Engagement
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