Growth Opportunities in the Precision Farming Market 2019-2024


Posted October 23, 2019 by shubhamverma

Trends, opportunities and forecast in precision farming market to 2024 by application , technology, offering and region.

 
According to a market report by Lucintel, the future of the precision farming market looks promising with opportunities in the yield monitoring, crop scouting, field mapping, irrigation management, weather tracking and forecasting, inventory management, farm labor management, and financial management industries. The precision farming market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing concern towards global food supply and to reduce the production cost.
In this market, hardware, software, and services are the major offering type. Within the precision farming market, yield monitoring, crop scouting, field mapping, irrigation management, weather tracking and forecasting, inventory management, farm labor management, and financial management are the major applications. Guidance system, remote sensing, and variable-rate technology are the major technology type of the precision farming market.
Deere & Company, Trimble, Agco, Agjunction, Raven Industries, AG Leader Technology, SST Development Group, Teejet Technologies, Topcon Positioning Systems, and Dickey-John Corporation are among the major players in precision farming.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the precision farming market by application, technology, offering, and region. Lucintel has prepared a comprehensive research report entitled “Precision Farming Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the precision farming market by application, technology, offering, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
• Yield Monitoring
• Crop Scouting
• Field Mapping
• Irrigation Management
• Weather Tracking & Forecasting
• Inventory Management
• Farm Labor Management
• Financial Management
• Others
By Technology [$M shipment analysis for 2013 – 2024]:
• Guidance System
• Remote Sensing
• Variable-Rate Technology
By Offering [$M shipment analysis for 2013 – 2024]:
• Hardware
• Software
• Services
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the precision farming market, by application (yield monitoring, crop scouting, field mapping, irrigation management, weather tracking & forecasting, inventory management, farm labor management, financial management), technology (guidance system, remote sensing, variable-rate technology), offering (hardware, software, services), and region (North America, Europe, APAC, ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the Precision Farming market?
Q.5 what are the business risks and threats to the precision farming market?
Q.6 what are emerging trends in this precision farming market and the reasons behind them?
Q.7 what are some changing demands of customers in the precision farming market?
Q.8 what are the new developments in the precision farming market? Which companies are leading these developments?
Q.9 who are the major players in this precision farming market? What strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this precision farming area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, precision farming market?
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Tags precision farming market
Last Updated October 23, 2019