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Boosting Adoption Of The New Technologies For Enhancing The Farm Efficiency Is Anticipated To Add Fuel In Growth Of Precision Agriculture Market Till 2025: Grand View Research, Inc.

Boosting Adoption Of The New Technologies For Enhancing The Farm Efficiency Is Anticipated To Add Fuel In Growth Of Precision Agriculture Market Till 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to new report by Grand View Research,The global precision farming/agriculture market was valued at USD 3.09 billion in 2015. The technology provides the sustainable management of the resources for enhancing the food productivity.

The global Precision Agriculture Market is expected to reach USD 10.70 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming is an agriculture technique which enables the efficient farming and improves the productivity with the application of various technologies. The technology provides the sustainable management of the resources for enhancing the food productivity.

Data management developments along with the advancements of geo-location tracking helps the farming to detect and optimize yield operating efficiencies. The technology advancements in the precision farming helps the farmers to get the appropriate information about the planting and harvesting. The factors such as enhanced and improved profitability and yield, cost and energy saving along with the governmental assistance has further fuel the industry demand.

Geographic positioning system (GPS) is projected to contribute majorly in the guidance systems technology segment from 2016 to 2024. The growth is attributed to the ability to assist agriculture service providers and farmers to automatically record the field data and apply the input to small areas within the larger field.

Yield monitoring is considered to be the majorly used application segment in the farming owing to ability to understand field variability and provide assistance in maximizing the yields. The segment provides the information about the soil properties, weather conditions, and fertilizers which further impact the grain production in a positive manner. Furthermore, the services segment is also projected to grow at a significantly over the forecast period.

Although, lack of awareness and high initial capital investments are anticipated to hinder the indsutry growth over the projected period. increasing government initiative for adopting the advanced agriculture technologies is expected to overcome the awareness issue over the forecast period.

Full research report on Precision Agriculture Market analysis: http://www.grandviewresearch.com/industry-analysis/precision-farming-market

U.S. precision farming market by component, 2014 – 2025 (USD Billion)

U.S. precision farming market by component, 2014 - 2025 (USD Billion)

Further key findings from the report suggest:

  • Precision farming are gaining traction in the market, owing to the increasing awareness for enhanced production and less wastage

  • Variable rate technology is anticipated to witness significant growth over the forecast period, owing to the increased adoption of technology across the industry

  • The Asia Pacific region is projected to witness enormous growth with the increasing adoption of advanced technology in the countries, which include South Korea, China, and Japan

  • The prominent players of the precision agriculture market are Dickey-John Corporation, Precision Planting, Inc., Raven Industries, SST Development Group, Inc.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Precision farming market by technology, 2015

Precision farming market by technology, 2015

 

Grand View Research has segmented the precision farming market based on component, technology, application, and region:

Precision Farming Component Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • Hardware

  • Software

  • Services

Precision Farming Technology Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • Variable Rate Technology (VRT)

  • Remote Sensing

  • Guidance Systems

Precision Farming Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • Yield Monitoring

  • Variable Rate Application

  • Field Mapping

  • Crop Scouting

  • Others

Precision Farming Regional Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

  • The Middle East and Africa

Read Our Blog: Precision Farming/Agriculture Market – Analyst View

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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