GMI Research has published a new study titled “Global Precision Agriculture Market by Hardware (Automated and Control System and Sensing and Monitoring Device),by Software (Cloud Based and On Premise), By Services (Training and Consulting, Managed Services and Maintenance), By Technology(GPS,GIS, Remote Sensing, VRT and Others), By Application (Yield Monitoring, Field Monitoring, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Management and Others) and by Geography – Opportunities & Forecast, 2018-2025”, which orates the future prospects set to strike the Precision Agriculture Market during the forecast period.

The precision agriculture or satellite farming is a connected farm management decision management system which helps the farmers in taking important farming decisions such as when to harvest a crop and how to improve the crop yield. With the help of the precision agriculture solutions such as weather tracking and forecasting mobile applications, farmers are able to plan their farming activities such as when to cultivate and harvest a crop.

Growing food requirements and need to optimize the food production are the key factors which are supporting the growth of the precision agriculture market. In addition, growing adoption of the IoT based solutions by the farmers, regional government’s support for practicing precision agriculture techniques and steady adoption of the technologies such as robotics, and telematics by the farmers are further, propelling the market growth. However, high installation cost, a smaller number of IT literate farmers, especially, in developing and underdeveloped regions and lack of technology standards are hindering the market growth.

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Various notable players operating in the market, include Deere & Company, Bayer CropScience AG, Case IH Agriculture, Farmers Edge Inc., AgSense LLC, Monsanto Company, Topcon Corporation, Raven Industries, Fairport Farm Software, and Trimble Navigation Limited. Most of the players in the market are focusing on a product launch, partnerships and on research and development of technologically advanced precision agriculture equipment’s. For instance, in September 2018, Case IH Agriculture partnered with AgDNA for the designing and development of next-generation Farm Management Software (FMS) platform for Case IH products.

The Global Precision Farming market has been segmented based on hardware, software, services, technology application, and key geographies. Based on the hardware, the market is segmented into automated and control system and sensing and monitoring devices. Based on software, the market is categorized into cloud-based software and on-premise software. Based on services, the market is classified into training and consulting managed services and maintenance. Based on technology, the market is classified into GPS, GIS, remote sensing, VRT, and others. Based on application, the market is segmented into yield monitoring, field monitoring, crop scouting, weather tracking and forecasting, irrigation management, farm management and other.

The research report “Global Precision Farming Market” provides in-depth analysis of hardware, software, services, technology application and key geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Global Precision Farming Market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1. At what pace is Precision Farming market growing? What will be the growth trend in the future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Precision Farming market?
4. What are the various application areas and how they are poised to grow?

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Market Segmentation

By Hardware
• Automated and control system
o Display
o Guidance and Steering
o Drones
o Irrigation Controllers
o Handheld Mobile Devices
o Others

• Sensing and monitoring devices
o Yield Monitors
o Soil Sensors
o Moisture Sensor
o Temperature Sensor
o Others

By Software
• Cloud Based Software
• On Premise Software

By Service
• Training and Consulting Services
• Managed Services
• Maintenance

By Technology
• Geographical Information System (GIS)
• Global Positioning System (GPS)
• Remote Sensing
• Variable-Rate Technology (VRT)
• Others

By Application
• Yield Monitoring
• Field Monitoring
• Crop Scouting
• Weather Tracking and Forecasting
• Irrigation Management
• Farm Management
• Others

By Geography
• North America
As a part of customization
o By Hardware
o By Software
o By Services
o By Technology
o By Application
o US
o Canada
o Mexico

• Europe
As a part of customization
o By Hardware
o By Software
o By Services
o By Technology
o By Application
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of customization
o By Hardware
o By Software
o By Services
o By Technology
o By Application
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of customization
o By Hardware
o By Software
o By Services
o By Technology
o By Application
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Deere & Company
• Bayer CropScience AG
• Case IH Agriculture
• Farmers Edge Inc.
• AgSense, LLC
• Monsanto Company
• Topcon Corporation
• Raven Industries
• Microsoft Corporation
• Fairport Farm Software
• Trimble Navigation Limited

*Other prominent players in the market which can be profiled as a part of customization:
Trimble Navigation Limited
Decisive Farming
Prospera Technologies
Hexagon Agriculture
Aerobotics

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