Get yourself updated on key emerging technology markets

Know about our market intelligence coverage in key sectors

Product is added to your Wishlist

Global Precision Agriculture Market Analysis & Forecast (2015-2022) Technology (VRA, Soil Mapping, Yield Monitoring, Precision Irrigation, Others), Components and Systems

Precision Farming is an area of farming techniques associated with management of variability of soil, nutrients, water, crop and environmental factors. In conventional agriculture practices, fields subject to farming are considered to be uniform and thus applied with uniform rates of agrochemicals and fertilizers. The world population is estimated to hit the 9 billion mark by the year 2050.

SKU: AG002A
Published Year: 2014
 
 

Precision Farming is an area of farming techniques associated with management of variability of soil, nutrients, water, crop and environmental factors. In conventional agriculture practices, fields subject to farming are considered to be uniform and thus applied with uniform rates of agrochemicals and fertilizers. The world population is estimated to hit the 9 billion mark by the year 2050. With per capita arable land decreasing by the day due to rapidly increasing population, efficient agricultural techniques are the need of the hour. Precision Agriculture presents significant potential in enhancing food productivity while at the same time providing sustainable management of resources. The global precision farming market is estimated to grow at a CAGR of 13.09% from 2015 to 2022, to reach over $6.43 billion by 2022. 
 
Following a comprehensive research on precision farming and extensive assessment of the market scenario, the report carries out an impact analysis of the key industry drivers, challenges and opportunities, listed in the market dynamics segment. Burgeoning population and endangered concept of food security, Modern technologies and IT pushing the demand of precision farming techniques, The inextricable link between precision farming and sustainable development, The economic boom in the Asia Pacific region, and The feature of nutrient management are the key market drivers identified in the report which will provide the forward push to the industry in the forecast period. The major pain points, however, for the industry include Paucity of awareness and absence of dedicated education of precision farming among the farming sector; Processing, storing and managing vital and enormous amount of data; Lack of standards and constraints on exchange of data between systems; High upfront investment and Feasibility with the usage of drones. 
 
The report further gives an extensive outlook on the multifarious applications portfolio served by the precision farming technologies. These applications include Yield Monitoring, Variable Rate Applications (VRA), Soil Monitoring, Crop Scouting, Farm Mapping and Precision Irrigation. The applications segment further gives a brief overview of the benefits involved with these applications as well as the different technologies and components such as Farm management systems, Sensing and monitoring devices and Automation and Control systems. 
 
An exhaustive study of the geographical scenario of the industry is included in the geographical analysis section. The geographical analysis provides detailed insights on the key trends of the industry in the listed geographies identifying the demographic impact and the involvement of governmental and non-governmental organizations. The report has identified three key geographical regions served by the industry including Americas, Europe and Asia Pacific. These regions are further segmented listing the major countries in each region. The report identifies U.S. to be the largest market for the industry accounting for over 33% of the net market revenue (as of 2014) followed by Germany and Canada. The geographical analysis section also mentions the key market players driving the industry in the respective markets.
 
The report also includes the Competitive Landscape, benchmarking the key market participants on the basis of their involvement in the industry over the past 3 years. The study has also incorporated the detailed profiles of 18 top market players across the value chain of the industry, including component manufacturers, Original Equipment Manufacturers (OEMs), precision irrigation equipments providers and software and data management companies. 
 
Some of the key private players in the industry include AgLeader, Ag Integrated, AgNav, AgSense, AgSync, Ally Precision Industries, Amazone GmbH, Arvus, Bestway Inc., CropMetrics, Dickey-john Corp., Micro Trak Systems, TeeJet technologies, Tru Count and ZedX Inc. among others.
 
The key public players in the industry include AGCO, AgJunction, John Deere & Company, Lindsay Corp., Monsanto, Syngenta, Toro Company, Trimble Navigation, Valmont, and Yara International among others. 

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 REPORT DESCRIPTION
3 RESEARCH METHODOLOGY
3.1 Bis Research Methodology
3.1.1 Research Methodology For Precision Farming Market
3.1.1.1 Geographical Analysis
3.1.1.2 Demand Side & Supply Side Analysis
3.1.1.3 Data Synthesis & Bridging
4 MARKET DYNAMICS
4.1 Introduction
4.2 Market Drivers
4.2.1 Burgeoning Population And Endangered Concept Of Food Security
4.2.2 Modern Technologies And It Pushing The Demand Of Precision Farming Techniques
4.2.3 The Inextricable Link Between Precision Farming And Sustainable Development
4.2.4 The Economic Boom In The Asia Pacific Region
4.2.5 The Feature Of Nutrient Management
4.3 Market Challenges
4.3.1 Paucity Of Awareness And Absence Of Dedicated Education Of Precision Farming Among The Farming Sector
4.3.2 Processing, Storing, And Managing Vital And Enormous Amount Of Data
4.3.3 Lack Of Standards And Constraints On Exchange Of Data Between Systems
4.3.4 High Upfront Investment
4.3.5 Feasibility With The Usage Of Drones
4.4 Market Opportunities
4.4.1 Stacking Several Farming Techniques With Precision Farming To Proliferate Yield
4.4.2 Abundance Of Arable Lands
4.4.3 Reducing Cost Without A Tradeoff Between Efficiency And Quantity
5 PRECISION FARMING MARKET BY APPLICATIONS, TECHNOLOGIES, & COMPONENTS
5.1 Introduction
5.1.1 Market Statistics
5.2 Yield Monitoring
5.2.1 Benefits Of Yield Monitoring
5.2.1.1 Accurate Assessment Of Yield Variety
5.2.1.2 Measurement Of Grain Mass And Harvested Area
5.2.1.3 Assists In Conducting On Farm Trials
5.2.1.4 Generation Of Yield Maps
5.2.2 Yield Monitoring Components
5.2.2.1 Grain Flow Sensors
5.2.2.2 Separator Speed Sensor And Ground Speed Sensor
5.2.2.3 Grain Moisture Sensors
5.2.2.4 Data Storage
5.3 Variable Rate Application
5.3.1 Benefits Of Vra
5.3.1.1 Optimizing Profits
5.3.2 Vra Control Systems
5.3.2.1 Flow Based Control System
5.3.2.2 Chemical Direct Injection Systems
5.3.2.3 Modulated Spraying Nozzle Control Systems
5.4 Soil Monitoring
5.4.1 Benefits Of Soil Monitoring
5.4.1.1 Increased Efficiency
5.4.2 Soil Monitoring Components
5.4.2.1 Soil Moisture Sensors
5.4.2.2 Soil Temperature Probes
5.4.2.3 Data Reader
5.5 Crop Scouting
5.5.1 Benefits Of Crop Scouting
5.5.1.1 Removal Of Unwanted Weeds
5.5.1.2 Determining Seeding Rates
5.5.1.3 Assessing The Viability Of Re-Seeding
5.5.2 Components Of Crop Scouting
5.5.2.1 Global Navigation Satellite Systems
5.5.2.2 Unmanned Aerial Vehicles (UAV) Or Drones
5.6 Farm Mapping
5.6.1 Benefits Of Farm Mapping
5.6.1.1 Planning Farm Activities
5.6.1.2 Sustainable & Efficient Approach
5.6.2 Farm Mapping Technology
5.6.2.1 GNSS/Global Positioning Systems (GPS)
5.6.2.2 Digital Farm Mapping Software
5.7 Precision Irrigation
5.7.1 Introduction
5.7.2 Benefits Of Precision Irrigation
5.7.2.1 Sustainable Water Management
5.7.2.2 Maximizing Profit
5.7.3 Precision Irrigation Components
5.7.3.1 Data Assessment
5.7.3.2 Control System
5.7.3.3 Mechanized Irrigation Systems
6 GEOGRAPHICAL ANALYSIS FOR PRECISION FARMING MARKET
6.1 Introduction
6.1.1 Market Statistics
6.2 Americas
6.2.1 Market Statistics
6.2.2 North America
6.2.2.1 Market Statistics
6.2.3 U.S.
6.2.3.1.1 Market Statistics
6.2.3.2 Canada
6.2.3.2.1 Market Statistics
6.2.3.3 Mexico
6.2.3.3.1 Market Statistics
6.2.4 South America
6.2.4.1 Market Statistics
6.2.4.2 Argentina
6.2.4.3 Brazil
6.2.4.3.1 Market Statistics
6.3 Europe
6.3.1 Market Statistics
6.3.2 Germany
6.3.2.1 Market Statistics
6.3.3 U.K.
6.3.3.1 Market Statistics
6.3.4 France
6.3.4.1 Market Statistics
6.4 Asia-Pacific
6.4.1 Market Statistics
6.4.2 Australia
6.4.2.1 Market Statistics
6.4.3 Japan
6.4.3.1 Market Statistics
7 COMPETITIVE LANDSCAPE
7.1 Market Entropy
7.1.1 Product Development
7.1.2 Events
7.1.3 Partnerships, Joint Ventures & Collaborations
7.1.4 Business Expansion, Contracts & Projects
7.1.5 Mergers & Acquisitions
7.2 Competitive Benchmarking
7.2.1 Cluster 1
7.2.2 Cluster 2
7.2.3 Cluster 3
8 KEY COMPANY PROFILES
8.1 Ag Leader Technology
8.1.1 Ag Leader Technology Summary
8.1.2 Financials
8.1.3 Key Developments
8.1.4 Swot Analysis
8.2 AG-NAV Inc.
8.2.1 AG-NAV Inc. Summary
8.2.2 Financials
8.2.3 Key Developments
8.2.4 Swot Analysis
8.3 AGCO Corp.
8.3.1 AGCO Corp. Summary
8.3.2 Financials
8.3.3 Key Developments
8.3.4 Swot Analysis
8.4 Agjunction
8.4.1 Agjunction Summary
8.4.2 Financials
8.4.3 Key Developments
8.4.4 Swot Analysis
8.5 Case IH
8.5.1 Case IH Summary
8.5.2 Financials
8.5.3 Key Development
8.5.4 Swot Analysis
8.6 Deere & Company
8.6.1 Deere & Company Summary
8.6.2 Financials
8.6.3 Key Developments
8.6.4 Swot Analysis
8.7 Dickey John
8.7.1 Dickey John Summary
8.7.2 Financials
8.7.3 Key Developments
8.7.4 Swot Analysis
8.8 Echelon Ag
8.8.1 Echelon Ag Summary
8.8.2 Financials
8.8.3 Key Developments
8.8.4 Swot Analysis
8.9 Lindsay
8.9.1 Lindsay Summary
8.9.2 Financials
8.9.3 Key Developments
8.9.4 Swot Analysis
8.10 Mccrometer,Inc.
8.10.1 Mccrometer, Inc. Summary
8.10.2 Financials
8.10.3 Key Developments
8.10.4 Swot Analysis
8.11 Monsanto
8.11.1 Monsanto Summary
8.11.2 Financials
8.11.3 Key Developments
8.11.4 Swot Analysis
8.12 Novariant, Inc.
8.12.1 Novariant, Inc. Summary
8.12.2 Financials
8.12.3 Key Developments
8.12.4 Swot Analysis
8.13 Raven Industries
8.13.1 Raven Industries Summary
8.13.2 Financials
8.13.3 Key Developments
8.13.4 Swot Analysis
8.14 Topcon Corporation
8.14.1 Topcon Corporation Summary
8.14.2 Financials
8.14.3 Key Developments
8.14.4 Swot Analysis
8.15 The Toro Company Summary
8.15.1 Financials
8.15.2 Key Developments
8.15.3 Swot Analysis
8.16 Trimble Navigation Ltd.
8.16.1 Trimble Navigation Ltd. Summary
8.16.2 Financials
8.16.3 Key Developments
8.16.4 Swot Analysis
8.17 Valmont Industries
8.17.1 Valmont industries, inc. Summary
8.17.2 Financials
8.17.3 Key Developments
8.17.4 Swot Analysis
8.18 Yara International
8.18.1 Yara International Summary
8.18.2 Financials
8.18.3 Key Developments
8.18.4 Swot Analysis
LIST OF TABLES  
TABLE 1 PRECISION FARMING MARKET REVENUE, BY APPLICATIONS,2014-2022 ($MILLION)
TABLE 2 PRECISION FARMING MARKET REVENUE, BY COMPONENTS2014-2022 ($MILLION)
TABLE 3 PRECISION FARMING MARKET REVENUE, BY GEOGRAPHY,2014-2022 ($MILLION)
TABLE 4 AMERICAS: PRECISION FARMING MARKET REVENUE,2014-2022 ($MILLION)
TABLE 5 NORTH AMERICA PRECISION FARMING MARKET REVENUE,2014-2022 ($MILLION)
TABLE 6 U.S. PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 7 CANADA PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 8 MEXICO PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 9 SOUTH AMERICA: PRECISION FARMING MARKET REVENUE,2014-2022 ($MILLION)
TABLE 10 BRAZIL PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 11 EUROPE: PRECISION FARMING MARKET REVENUE,2014-2022 ($MILLION)
TABLE 12 GERMANY PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 13 U.K. PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 14 FRANCE PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 15 APAC: PRECISION FARMING MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 16 AUSTRALIA PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
TABLE 17 JAPAN PRECISION FARMING MARKET STATISTICS,2014-2022 ($MILLION)
LIST OF FIGURES  
FIGURE 1 PRECISION FARMING COMPONENTS MARKET STATISTICS, (2014-2022)
FIGURE 2 YIELD MONITORING MARKET STATISTICS (2014-2022)
FIGURE 3 GEOGRAPHICAL MARKET SPLIT 2014
FIGURE 4 GEOGRAPHICAL MARKET ESTIMATE 2022
FIGURE 5 PRECISION FARMING COMPETITIVE BENCHMARK
FIGURE 6 PRECISION FARMING KEY DEVELOPMENTS 2012-2014
FIGURE 7 BIS RESEARCH METHODOLOGY
FIGURE 8 DIFFERENT PHASES OF RESEARCH METHODOLOGY FOR PRECISION FARMING MARKET
FIGURE 9 PRECISION FARMING APPLICATIONS
FIGURE 10 PRECISION FARMING SEGMENTATION, BY GEOGRAPHY
FIGURE 11 FACTORS DRIVING ADOPTION OF VRT IN CANADA
FIGURE 12 TO USE OR NOT TO USE PRECISION FARMING IN EUROPE?
FIGURE 13 THE MARKET SCENARIO OF GNSS TECHNOLOGY UNDER PRECISION FARMING IN EUROPE
FIGURE 14 MARKET DEVELOPMENT 2012-2014
FIGURE 15 PRODUCT DEVELOPMENT SCENARIO
FIGURE 16 EVENTS SCENARIO
FIGURE 17 PARTNERSHIPS, JOINT VENTURES & COLLABORATIONS
FIGURE 18 BE, CONTRACTS & PROJECTS SCENARIO
FIGURE 19 MERGERS & ACQUISITIONS SCENARIO
FIGURE 20 WEIGHTED AVERAGE
FIGURE 21 SWOT ANALYSIS
FIGURE 22 SWOT ANALYSIS
FIGURE 23 AGCO CORP. OVERALL FINANCIALS 2011-2013 (MILLIONS)
FIGURE 24 AGCO CORP. FINANCIALS BY GEOGRAPHY 2011-2013
FIGURE 25 AGCO CORP. SWOT ANALYSIS
FIGURE 26 AGJUNCTION OVERALL FINANCIALS 2011-2013 ($ MILLION)
FIGURE 27 AGJUNCTION FINANCIALS BY GEOGRAPHY 2011-2013
FIGURE 28 AGJUNCTION FINANCIALS BY SEGMENT 2012-2013
FIGURE 29 SWOT ANALYSIS
FIGURE 30 CASE IH SWOT ANALYSIS
FIGURE 31 DEERE & COMPANY OVERALL FINANCIALS 2011-2013 ($ MILLION)
FIGURE 32 SWOT ANALYSIS
FIGURE 33 DICKEY-JOHN SWOT ANALYSIS
FIGURE 34 ECHELON AG SWOT ANALYSIS
FIGURE 35 LINDSAY OVERALL FINANCIALS 2011-2013
FIGURE 36 LINDSAY FINANCIALS BY GEOGRAPHY 2011-2013
FIGURE 37 LINDSAY FINANCIALS BY SEGMENT 2011-2013
FIGURE 38 LINDSAY: SWOT ANALYSIS
FIGURE 39 SWOT ANALYSIS
FIGURE 40 OVERALL FINANCIALS OF MONSANTO (2012-14)
FIGURE 41 MONSANTO FINANCIALS BY GEOGRAPHY (2011-13)
FIGURE 42 MONSANTO FINANCIALS BY SEGMENTS
FIGURE 43 MONSANTO SWOT ANALYSIS
FIGURE 44 NOVARIANT SWOT ANALYSIS
FIGURE 45 RAVEN INDUSTRIES OVERALL FINANCIALS (2012-2014)
FIGURE 46 RAVEN INDUSTRIES FINANCIALS BY GEOGRAPHY (2012-2014)
FIGURE 47 RAVEN INDUSTRIES BY SEGMENT (2012-2014)
FIGURE 48 RAVEN INDUSTRIES, INC. SWOT ANALYSIS
FIGURE 49 TOPCON CORPORATION OVERALL FINANCIALS (2011-2013)
FIGURE 50 TOPCON CORPORATION FINANCIALS BY GEOGRAPHY (2012-2013)
FIGURE 51 TOPCON CORPORATION FINANCIALS BY SEGMENT (2011-2013)
FIGURE 52 TOPCON CORP. SWOT ANALYSIS
FIGURE 53 THE TORO COMPANY OVERALL FINANCIALS (2011-2013)
FIGURE 54 THE TORO COMPANY FINANCIALS BY GEOGRAPHY (2011-2013)
FIGURE 55 THE TORO COMPANY FINANCIALS BY SEGMENT (2011-2013)
FIGURE 56 TORO SWOT ANALYSIS
FIGURE 57 TRIMBLE NAVIGATION LTD OVERALL FINANCIAL (2011-2013)
FIGURE 58 TRIMBLE NAVIGATION FINANCIALS BY GEOGRAPHY (2011-2013)
FIGURE 59 TRIMBLE NAVIGATION FINANCIALS BY SEGMENT (2011-2013)
FIGURE 60 TRIMBLE NAVIGATION SWOT ANALYSIS
FIGURE 61 VALMONT INDUSTRIES, INC. OVERALL FINANCIALS, 2011-2013 ($MILLION)
FIGURE 62 VALMONT INDUSTRIES, INC. FINANCIALS BY GEOGRAPHY 2011-2013
FIGURE 63 VALMONT INDUSTRIES, INC. FINANCIALS BY SEGMENT 2011-2013
FIGURE 64 VALMONT INDUSTRIES SWOT ANALYSIS
FIGURE 65 YARA INTERNATIONAL OVERALL FINANCIALS, 2011-2013 ($MILLION)
FIGURE 66 YARA INTERNATIONAL FINANCIALS BY GEOGRAPHY 2011-2013
FIGURE 67 YARA INTERNATIONAL FINANCIALS BY SEGMENT 2011-2013
FIGURE 68 YARA INTERNATIONAL SWOT ANALYSIS
Precision Farming techniques have prevailed since the early 1990s and have steadily penetrated the agriculture industry. Initially having entered in the American market, the technology has rapidly found feet throughout the world helping enhance yields and improving efficiency. The briskly increasing population and growing climatic changes are driving the rapid adoption of precision farming technologies that are estimated to reach over $6.43 billion by 2022 growing at a CAGR of 13.09% from 2015 to 2022. 
 
The report identifies the key components in the precision farming industry to be automation and control systems, sensing & monitoring devices and farm management systems. 
 
  FIGURE 1
 
PRECISION FARMING COMPONENTS MARKET STATISTICS, (2014-2022)
PRECISION FARMING COMPONENTS MARKET STATISTICS, (2014-2022)
 
 
 
Source: BIS Research
 
The above figure illustrates the expected trend to be observed with the growth of the above mentioned components. 
Automation and control systems currently occupy the largest market share while farm management systems currently occupy the lowest market share accounting for 17.74% of the total market revenue.
 
These technologies serve an array of application verticals such as yield monitoring, variable rate application, farm mapping, soil monitoring, crop scouting and precision irrigation. In accordance with the report, yield monitoring is the application vertical that accounts for the highest share of revenue generation as of 2014. 
 
 
The report incorporates an extensive assessment of the market trends of the industry in the key geographical regions of Americas, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The ROW section covers the African continent and the Middle East region.  The developing regions of Asia Pacific, however, are estimated to show the highest growth rate, increasing at a CAGR of 18.29%.
 
  FIGURE 2
 
GEOGRAPHICAL MARKET SPLIT 2014
Precision Farming Market Size by Geography
 
 
Source: BIS Research
 
The above figure gives a percentage share of the different geographical regions in the revenue generation of precision farming technologies for the year 2014. 
 
Further, the report also presents a competitive benchmark of the various key market players in the industry. Further, it also gives an overview of what are the key developments undertaken by these players that have enabled them to gain competitive advantage over their rivals.
 
 
  FIGURE 3
 
PRECISION FARMING COMPETITIVE BENCHMARK
PRECISION FARMING COMPETITIVE BENCHMARK
 
 
Source: BIS Research
 
Since, the industry is still emerging with new and innovative technologies such as drones and robots expected to establish themselves in the near future, product developments enjoy the major share of key developments. Events occupy a second place as the market players participate in conferences and exhibitions to showcase their products and learn about the multifarious technologies on offer by their competitive rivals.
 

 

We understand that your business need specific answers pertaining to the market. And , therefore, we do provide customised research tailored to your need.

With the purchase of this report, you are entitled to certain degree of free customisation within the scope of the study.

Do get in touch to help us understand how we can serve u better with a custom solution to your research needs. We assure quick turnaround for your pressing business requirements.

Contact Information


Name *
Email *
 
Company Name *
Designation
 
 
Contact No. *
Other Details
 
 

Write the characters in the image above
 
 
* Required Fields

OUR HAPPY CLIENTS


related reports

 

OUR CLIENTS