Global Precision Agriculture Systems Market to Observe Strong Development by 2030

The global market for Precision Agriculture valued at USD 8306.6 Million in 2022 is projected to reach a revised size of USD 19701.75 Million by 2030, growing at a CAGR of 11.4% over the period 2023-2030.

Precision agriculture is an intelligent farming practice for agriculture management that uses information technology to ensure that soil and plants get everything they require for optimum health and productivity. The main objective of precision agriculture is to ensure sustainability, profitability, and protection of the environment. The agricultural sector has made tremendous changes over the years, especially in optimizing farming practices to yield maximum revenue from the produce. Moreover, advancements in technologies and high adoption from the growers are most likely to drive the market growth. The rising number of applications for telematics in farming is projected to boost the growth of the precision agriculture market.

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Top Key Players Covered In The Precision Agriculture Market:

AgJunction Inc. (Canada),Raven Industries Inc. (U.S),CNH Industrial N.V. (U.K),Deere & Company (U.S),Trimble, Inc. (U.S),Iteris Inc. (U.S),Topcon Corporation (Japan),PrecisionHawk (U.S),SenseFly (Cheseaux-sur-Lausanne),DICKEY-john (Auburn),SST Development Group, Inc. (U.S)

Introspective Market Research specializes in delivering comprehensive market research studies that provide valuable insights and strategic guidance to businesses worldwide. Our reports draw data from diverse and solid primary and secondary sources. By utilizing industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis, we enhance the comprehensiveness of our evaluations.

The Report Will Include A Major Chapter

•          Patent Analysis
•          Regulatory Framework
•          Technology Roadmap
•          BCG Matrix
•          Heat Map Analysis
•          Price Trend Analysis
•          Investment Analysis

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Precision Agriculture Market Segmentation:

By Component

•          Hardware
•          Software
•          Services

By Technology

•          Remote sensing
•          GPS/GNSS systems
•          Variable rate technology
•          Guidance software
•          Geomapping

By Application

•          Crop Management
•          Weather Forecasting
•          Irrigation Management
•          Field Mapping
•          Yield Monitoring
•          Others

For this report, Introspective Market Research has segmented the Precision Agriculture Market based on region:

§  North America (U.S., Canada, Mexico)

•   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•   Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•   Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•   Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•   South America (Brazil, Argentina, Rest of SA)

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Within our study, we study the complete ecosystem of the Precision Agriculture Market, explaining various market stakeholders, their functions, and interdependencies. Additionally, our comprehensive segmentation analysis and geographical coverage provide profound insights into regional trends. We also analyse externally affecting factors.

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