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Precision Agriculture Market - A Global and Regional Analysis

Focus on Application, Product, and Country-Wise Analysis - Analysis and Forecast, 2022-2027

Some Faq's

Frequently Asked Questions

Precision agriculture is an approach that uses inputs in precise amounts to achieve higher average yields compared to traditional farming techniques. Precision agriculture is focused on detecting, analyzing, and reacting to inter and intra-field variability in crop characteristics with the help of technologies such as global positioning system (GPS) and sensors. The adoption of precision agriculture technologies will assist the farmers in whole-farm management practices through utilizing information technology, emphasizing the potential for increased productivity while lowering environmental consequences.

Increasing requirement for crop yield, sustainability development goals in the agriculture industry, increasing demand to combat climate change, increasing government support, rapid expansion of communications technologies such as 5G and LoRaWAN are the key trends in the precision agriculture market globally.

The global precision agriculture market has seen major development by key players operating in the market, such as business expansion, partnership, agreement, product launch, and acquisition. According to BIS Research analysis, most of the companies preferred partnership, acquisition, and product launches as a strategy to further increase their growth in the global precision agriculture market. Companies such as Deere & Company, AGCO Corporation, Trimble, Inc, Kubota Corporation, AGRIVI, Microsoft Corporation, Hexagon Agriculture, and CNH Industrial N.V. have majorly adopted partnership, acquisition, agreement, and product launches strategies.

A new entrant can focus on the research & development of software integrated hardware solutions in precision agriculture market due to the higher growth rate and adoption of it in various precision agriculture applications during the forecast period 2022 to 2032.

· Study on research & development projects

· Competitive study

· Market strategies & developments

· Patent analysis

· Impact of key enabling technologies

· Funding analysis

· Future investment trends

· Impact of Russia-Ukraine crisis

· Impact of Covid-19

The companies which are manufacturing and having capacity to develop precision agriculture products and services, component suppliers, research institutions, and regulatory bodies.

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