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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 global 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.
 
A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of precision farming market report download the report brochure.

 
precision farming market


precision farming market


precision farming market
 
The study includes the precision farming market size and forecast for the global precision farming market through 2024, segmented 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
  • RoW
Some of the precision farming companies profiled in this report include Deere & Company, Trimble, Agco, Agjunction, Raven Industries, AG Leader Technology, SST Development Group, Teejet Technologies, Topcon Positioning Systems, Dickey-John Corporation
 
Some of the features of this report:
  • Market size estimates:Precision farming market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis:Market trend (2013-2018) and forecast (2019-2024) by application.
  • Segmentation analysis: Market size by various applications such as by application, technology, offering, and region.
  • Regional analysis:Precision farming market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities:Analysis on growth opportunities in different applications and regions for precision farming in the precision farming market.
  • Strategic analysis:This includes M&A, new product development, and competitive landscape for, precision farming in the precision farming market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global precision farming market by application (yield monitoring, crop scouting, field mapping, irrigation management, weather tracking & forecasting, inventory management, farm labor management, and financial management), technology (guidance system, remote sensing, and variable-rate technology), offering (hardware, software, and services), and region ( Americas, Europe, APAC, and 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?
 
Table of Content
 
1. Executive Summary
 
2. Market Trends and Forecast Analysis from 2013 to 2024
   2.1: Introduction, Background, and Classification
   2.2: Supply Chain
   2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2013 to 2024
   3.1: Macroeconomic Trends and Forecast
   3.2: Global Precision Farming Market:Trends and Forecast
   3.3: Global Precision Farming Market by Application
3.3.1: Yield Monitoring
3.3.2: Crop Scouting
3.3.3: Field Mapping
3.3.4: Irrigation Management
3.3.5: Weather Tracking & Forecasting
3.3.6: Inventory Management
3.3.7: Farm Labor Management
3.3.8: Financial Management
3.3.9: Others
   3.4: Global Precision Farming Market by Technology
3.4.1: Guidance System
3.4.2: Remote Sensing
3.4.3: Variable-Rate Technology
   3.5: Global Precision Farming Market by Offering
3.5.1: Hardware
3.5.2: Software
3.5.3: Services
 
4.  Market Trends and Forecast Analysis by Region
   4.1: Global Precision Farming Market  by Region
   4.2: North American Precision Farming Market
4.2.1: Market by Application: Yield Monitoring, Crop Scouting, Field Mapping, Irrigation Management, Weather Tracking & Forecasting, Inventory Management, Farm Labor Management, and Financial Management
4.2.2: Market by Technology: Guidance System, Remote Sensing, and Variable-Rate Technology
4.2.3: United States Precision Farming Market
4.2.4: Canadian Precision Farming Market
4.2.5: Mexican Precision Farming Market
   4.3: European Precision Farming Market
4.3.1: Market by Application: Yield Monitoring, Crop Scouting, Field Mapping, Irrigation Management, Weather Tracking & Forecasting, Inventory Management, Farm Labor Management, and Financial Management
4.3.2: Market by Technology: Guidance System, Remote Sensing, and Variable-Rate Technology
4.3.3: German Precision Farming Market
4.3.4: Italian Precision Farming Market
4.3.5: The UK Precision Farming Market
   4.4: APAC Precision Farming Market
4.4.1: Market by Application: Yield Monitoring, Crop Scouting, Field Mapping, Irrigation Management, Weather Tracking & Forecasting, Inventory Management, Farm Labor Management, and Financial Management
4.4.2: Market by Technology: Guidance System, Remote Sensing, and Variable-Rate Technology
4.4.3: Chinese Precision Farming Market
4.4.4: Indian Precision Farming Market
4.4.5: Japanese Precision Farming Market
   4.5: ROW Precision Farming Market
4.5.1: Market by Application: Yield Monitoring, Crop Scouting, Field Mapping, Irrigation Management, Weather Tracking & Forecasting, Inventory Management, Farm Labor Management, and Financial Management
4.5.2: Market by Technology: Guidance System, Remote Sensing, and Variable-Rate Technology
 
5.  Competitor Analysis
   5.1: Product Portfolio Analysis
   5.2: Market Share Analysis
   5.3: Operational Integration
   5.4: Geographical Reach
   5.5: Porter’s Five Forces Analysis
 
6.  Growth Opportunities and Strategic Analysis
   6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Global Precision Farming Market by Application
6.1.2: Growth Opportunities for Global Precision Farming Market by Technology
6.1.3: Growth Opportunities for Global Precision Farming Market by Offering
6.1.4: Growth Opportunities for Global Precision Farming Market by Region
   6.2: Emerging Trends in Global Precision Farming Market
   6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Precision Farming Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Market
6.3.4: Certification and Licensing
 
7.  Company Profiles of Leading Players
   7.1: Deere & Company
   7.2: Trimble
   7.3: Agco
   7.4: Agjunction
   7.5: Raven Industries
   7.6: AG Leader Technology
   7.7: SST Development Group
   7.8: Teejet Technologies
   7.9: Topcon Positioning Systems
   7.10: Dickey-John Corporation
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Below is a brief summary of the primary interviews that were conducted by job function for this report.
 

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
 

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