Covid-19 Impact on Precision Farming market

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Covid-19 Impact on Precision Farming market
Report-Forecast 2022
Covid-19 Impact on Precision Farming market
Report- Forecast 2022
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1 Copyright 2017 Market Research Future.
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Covid-19 Impact on Precision Farming market
Report- Forecast 2022
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Covid-19 Impact on Precision Farming market
Report- Forecast 2022 Summary Precision Farming
or Precision Agriculture is a process of
identification and management of variability of
any farm and variability of productivity. There
are various factors such as soil, weather, water
and vegetation which varies from place to place
and these factors also plays very vital role in
crop growth and farming success. Most of the
farmers are aware of this but they lacked the
tools to measure and manage these variations.
Thus, it has been found in various studies that,
precision farming can help to supply the
equivalent amount of food to the rising world
population and helps farmers to achieve a
greater suitability, higher productivity,
economic benefits and environmental
protection. The major factor driving this market
is high adoption of technologies in agriculture,
need of more efficient farming, increasing
government interest towards promotion of
precision farming among other whereas factors
such as need of technical experience along with
high internment are some of the restraints of the
market. The Global Market of Precision Farming is
expected to grow at US 7 billion by end of
forecast period with compound annual growth rate
of 12.
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• Covid-19 Impact on Precision Farming market
  Report- Forecast 2022
• Major Key Players
• AGCO Corporation (U.S.)
• Deere Company (U.S.)
• AG Leader Technology (U.S.)
• AgEagle Aerial Systems (U.S.)
• Aglytix Inc. (U.S.)
• AgGateway (U.S.)
• Precision Planting (U.S.)
• AgJunction Inc. (U.S.)
• Agribotix (U.S.)
• Dickey-John Corporation (U.S.)
• Raven Industries,
• Topcon Positioning Systems, Inc.
• AquaSpy, CropMetrics
• Farmobile, Granular
• IBM Watson

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Covid-19 Impact on Precision Farming market
Report- Forecast 2022
Segmentation The Covid-19 Impact on Precision
Farming market has been segmented on the basis
of- By Components - Hardware (Displays, Sensors,
Drones, GPS Systems, Mobile Devices among
others), Software (On Cloud, On Premise) and
Service (Managed Services and Professional
Services) By Application - Yield mapping, Quality
mapping, Soil properties analysis, Inventory
Management, Labor management, Crop Scouting among
others.
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Covid-19 Impact on Precision Farming market
Report- Forecast 2022
Regional Analysis North America is dominating
the market of Precision Farming. High technology
adoption and development in the field of
agriculture is the main factor helping the
market to grow. Also, presence of top global
players in U.S. and Canada is giving competitive
advantage to the North America. Europe stands as
second biggest market in terms of revenue
generation. Countries such as U.K., Germany, and
France are some of the leading in Europe region
also, government of these countries is supporting
the technology adoption in agriculture, helping
the market of precision farming to grow.
Asia-Pacific has emerged as fastest growing
market. Countries such as China and India where
most of the population is dependent on
agriculture are opening to accept the new
technologies in their farming process leading to
high demand for the precision farming
equipments.
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Covid-19 Impact on Precision Farming market
Report- Forecast 2022
(Germany) are focusing on the digital utilities
transformation.