Precision Agriculture Market - A Global and Regional Analysis

Focus on Applications, Products and Country-Wise Analysis - Analysis and Forecast, 2020-2026

Published Year:
SKU:AGA0324SE
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A quick peek into the report

Market Report Coverage

Precision Agriculture Market
Forecast Period: 2021-2026
CAGR During Forecast Period: 14.8%

Precision Agriculture Market

Base Year

2020

Market Size in 2020

$5,109.0 Million

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$10,931.5 Million

CAGR During Forecast Period

14.8%

Number of Tables

138

Number of Pages

243

Number of Figures

36

Market Segmentation

•    Application: Precision Irrigation, Field Monitoring, Precision Spraying, Precision Fertilization, Precision Planting, Data Management, Other Applications

•    Farm Produce: Field Crops, Permanent Crops, Others

•   Technology: Guidance Technology, Sensing Technology, Variable Rate Application Technology, Data Analytics and Intelligence, Others

•   Solution: Hardware, Software and Platform, Support Services

Regional Segmentation

•    North America: U.S., Canada, Mexico and Rest-of-North America

•    Europe: Germany, Netherlands, France, Italy, Spain, Denmark, and Rest-of-Europe

•    U.K.

•    Middle East and Africa: Israel, South Africa, Turkey, and Rest-of-Middle East and Africa

•    China

•    Asia-Pacific and Japan: India, Japan, Australia and New Zealand (ANZ), Indonesia, Vietnam, Malaysia, and Rest-of-Asia Pacific and Japan

•    South America: Brazil, Argentina, Chile, Peru

Market Growth Drivers

•    Increasing Support from Government and Regulatory Bodies

•    Increasing Demand for Global Food Production

•    Need of Technologies to Combat Climate Change

Market Challenges

•    High Initial Investment

•    Threat to Data Security and Privacy

•    Lack of Awareness and IT Infrastructure in Developing Regions

Market Opportunities

•    Integration of Emerging Technologies with Existing Practices

•    Scope of Growth in Asia-Pacific and Japan Region

•    Integral Offerings with Horizontal Integration in Farming

Key Companies Profiled

AGCO Corporation, CLAAS Group, CNH Industrial N.V., John Deere, Hexagon Agriculture, Kubota Corporation, TeeJet Technologies, The Toro Company, Topcon Corporation, Yanmar Co. Ltd., Microsoft Corporation, AGRIVI, BASF SE, Granular Inc., IBM Corporation

How This Report Can Add Value

Market Share Analysis has been done for analyzing the competition in the precision agriculture market business.

This report will help with the following objectives:

•    This report covers major regions with established precision agriculture market.
•    Government Initiatives and Regulatory Frameworks are provided for various regions.
•    Market Share Analysis has been done for analyzing the competition in the precision agriculture market business. 
•    Extensive competitive benchmarking of the top 15 players (including OEMs and equipment providers) has been done to offer a holistic view of the global precision agriculture market landscape.

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of precision agriculture technologies and services offered by key players operating in the market and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different precision agriculture technologies (i.e., guidance technology, sensing technology, variable rate application technology, data analytics, and others).

Key Questions Answered in the Report:

•    What is the expected global precision agriculture market size in terms of value during the period 2021-2026? 
•    What is the expected future scenario and revenue to be generated by different types of solutions including software and platform, hardware, and support services? 
•    What is the expected future scenario and revenue to be generated by the technology segment, including guidance technology, sensing technology, variable rate application technology, and data analytics and intelligence? 
•    What is the expected future scenario and revenue to be generated by different applications for precision agriculture solutions, including precision irrigation, field monitoring, precision spraying, precision fertilization, precision planting, and data management?
•    Which region is the largest market for the global precision agriculture market? 
•    What is the expected future scenario and revenue to be generated by different regions and countries in the global precision agriculture market such as North America, South America, Europe, the U.K., China, Asia-Pacific and Japan, and Middle East and Africa? 
•    What is the competitive strength of the key players in the global precision agriculture market based on the analysis of their recent developments, product offerings, and regional presence? 
•    Which are the different consortiums and associations present in the global precision agriculture market, and what are their roles, focus areas, and key functions in this market? 
•    Where do the key precision agriculture companies lie in their competitive benchmarking, compared on basis of market coverage and market potential? 
•    What does the technology ecosystem of precision agriculture solutions constitute?

Report Summary

The global precision agriculture market is expected to reach $10.93 billion by 2026.

Precision Agriculture Market

Precision agriculture Market is defined as the practices adopted to make farming accurate and precise. The techniques may include the use of artificial intelligence, a wide array of technologies such as sensors, drones, robotics, automated hardware, telematics, software, and autonomous vehicles. For instance, GPS is used to receive location data from satellites and control the farmer’s tractor based on coordinates of the field.

Precision Agriculture Industry Overview

The global precision agriculture market is expected to reach $10.93 billion by 2026, with a CAGR of 14.8% during the forecast period 2021-2026. The growth rate in the market is because of the increased government initiatives around the world for precision agriculture services, as this leads to an increase in agricultural production to cater to the growing global food demand. Precision agriculture techniques are being adopted by farmers across the globe to increase crop yield, shrink wastage, and ensure food security. This has led to an increase in the growth of the global precision agriculture market.

Impact of COVID-19 on Precision Agriculture Market

The precision agriculture market experienced a dip in the year 2020 due to the COVID-19 pandemic due to restrictions in movement. Globally nations had lockdown imposed because of which the supply chain also got disrupted, resulting in shortage of equipment and other inputs required for farming. This has brought the companies’ attention toward the use of remote sensing and other agriculture management tools, which can lead to a boost in the adoption of precision agriculture practices.

Market Segmentation

Precision Agriculture Market by Application

Precision irrigation is an innovative method to evaluate the crop’s water requirement and implementation of advanced systems to encourage the health of the crop and to reduce the nutrient, chemical, and water waste. It involves scheduling irrigation based on the data collected through sensors and drones. It also involves providing the right amount of water to the plants/crops at the right time and place without wasting the available land resources.

Precision Agriculture Market by Farm Produce

Field crops comprise the mainstream traditional farm produce that the agriculture industry majorly focuses on for its daily revenue generation. These crops are grown for large-scale consumption purposes. While the production of fruits and vegetables requires handpicking by manual labors and individualized care, field crops are generally processed in bulk.

Precision Agriculture Market by Technology

The guidance technology majorly comprises the global positioning system (GPS) and global navigation satellite system (GNSS) technologies which are applied in the agriculture industry for navigation purposes. The navigation is done via satellites which send signals to the receiver/user to provide them with accurate information about the location on the farm. Such equipment enables efficient crop monitoring. GPS/GNSS equipment and software service can be used for automated record keeping, vehicle navigation, and inter-vehicle communications, and other applications.

Precision Agriculture Market by Solution

Hardware systems of precision agriculture solutions are broadly classified into automation and control systems, sensing and navigation systems, and other equipment like smart sprayers and sprinklers. The hardware solution comprises different types of tools and devices, such as displays, GPS/GNSS devices, and handheld mobile devices.

Precision Agriculture Market by Region

North America has been one of the early adopters of the new technologies to meet the growing food demand across the globe. North America has most of the market leaders and contributors to the advanced precision agriculture industry, with the U.S. being the heartland of precision agriculture technologies. Over the last two decades, precision farming methods have been progressively adopted by the regional farmers to make their farm operations easy and to produce high-quality crops. The farmers of the region are being well-trained to make them open toward the adoption of technological innovations.

Key Market Players and Competition Synopsis

AGCO Corporation, CLAAS Group, CNH Industrial N.V., John Deere, Hexagon Agriculture, Kubota Corporation, TeeJet Technologies, The Toro Company, Topcon Corporation, Yanmar Co. Ltd., Microsoft Corporation, AGRIVI, BASF SE, Granular Inc., IBM Corporation

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (which hold 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the Precision Agriculture industry.

Table of Contents

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1.1    Industry Outlook
         1.1.1    Market Definition
         1.1.2    Trends: Current and Future
                     1.1.2.1    Increasing Requirement for Crop Yield
                     1.1.2.2    Increasing Demand to Combat Climate Change
         1.1.3    Ecosystem/Ongoing Programs
                     1.1.3.1    Consortiums and Associations
                     1.1.3.2    Regulatory Bodies
                     1.1.3.3    Government Programs
         1.1.4    Agriculture Drone Market
         1.1.5    Agriculture Robot Market
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Increasing Support from Government and Regulatory Bodies
                     1.2.1.2    Increasing Demand for Global Food Production
                     1.2.1.3    Need of Technologies to Combat Climate Change
         1.2.2    Business Challenges
                     1.2.2.1    High Initial Investment
                     1.2.2.2    Threat to Data Security and Privacy
                     1.2.2.3    Lack of Awareness and IT Infrastructure in Developing Regions
         1.2.3    Business Strategies
                     1.2.3.1    Product Developments
                     1.2.3.2    Market Developments
                     1.2.3.3    Others
         1.2.4    Corporate Strategies
                     1.2.4.1    Mergers and Acquisitions
                     1.2.4.2    Partnerships, Collaborations, and Joint Ventures
         1.2.5    Business Opportunities
                     1.2.5.1    Integration of Emerging Technologies with Existing Practices
                     1.2.5.2    Scope of Growth in Asia-Pacific and Japan Region
                     1.2.5.3    Integral Offerings with Horizontal Integration in Farming
1.3    Start-Up Landscape
         1.3.1    Key Start-Ups in the Ecosystem
         1.3.2    Funding Analysis
                     1.3.2.1    Major Investors
                     1.3.2.2    Top Innovations
1.4    Impact of COVID-19 on Precision Agriculture Market

2.1    Precision Agriculture Market – by Application
         2.1.1    Precision Irrigation
         2.1.2    Field Monitoring
         2.1.3    Precision Spraying
         2.1.4    Precision Fertilization
         2.1.5    Precision Planting
         2.1.6    Data Management
         2.1.7    Other Applications
2.2    Demand Analysis of the Global Precision Agriculture Market  (by Application)
2.3    Precision Agriculture Market - by Farm Produce
         2.3.1    Field Crops
                     2.3.1.1    Cereals
                     2.3.1.2    Oil Crops
                     2.3.1.3    Roots, Tuber, and Plantains
                     2.3.1.4    Industrial Crops
                     2.3.1.5    Others
         2.3.2    Permanent Crops
                     2.3.2.1    Fruits
                     2.3.2.2    Vegetables
                     2.3.2.3    Nuts
                     2.3.2.4    Others
         2.3.3    Others Farm Produce Types
2.4    Demand Analysis of the Global Precision Agriculture Market (by Farm Produce)

3.1    Precision Agriculture Market – by Technology
         3.1.1    Guidance Technology
         3.1.2    Sensing Technology
         3.1.3    Variable Rate Application Technology
         3.1.4    Data Analytics and Intelligence
         3.1.5    Others
3.2    Demand Analysis of the Global Precision Agriculture Market (by Technology)
3.3    Precision Agriculture Market – by Solution
         3.3.1    Hardware
                     3.3.1.1    Automation and Control System
                                    3.3.1.1.1    Global Positioning System (GPS)/Global Navigation Satellite System (GNSS)
                                    3.3.1.1.2    Guidance and Steering System
                                    3.3.1.1.3    Flow and Application Rate Control Solutions
                                    3.3.1.1.4    Handheld Computers/Mobile devices
                                    3.3.1.1.5    Agriculture Cameras
                                    3.3.1.1.6    Others
                     3.3.1.2    Sensing and Monitoring
                                    3.3.1.2.1    Yield Monitors
                                    3.3.1.2.2    Sensing Systems
                     3.3.1.3    Other Hardware
         3.3.2    Software and Platform
                     3.3.2.1    On-Cloud Software
                     3.3.2.2    On-Premise Software
                     3.3.2.3    Platform-as-a-Service (PaaS)
         3.3.3    Support Services
                     3.3.3.1    Integration and Deployment
                     3.3.3.2    Maintenance and Repair
                     3.3.3.3    Other Services
3.4    Demand Analysis of the Global Precision Agriculture Market (by Solution)
3.5    Patent Analysis
         3.5.1    Patent Analysis (by Status)
         3.5.2    Patents Analysis (by Organization)
3.6    Supply Chain Analysis

4.1    North America
         4.1.1    Markets
                     4.1.1.1    Key Manufacturers in North America
                     4.1.1.2    Business Challenges
                     4.1.1.3    Business Drivers
         4.1.2    Applications
                     4.1.2.1    North America Precision Agriculture Market (by Application)
         4.1.3    Products
                     4.1.3.1    North America Precision Agriculture Market (by Solution)
         4.1.4    North America (by Country)
                     4.1.4.1    U.S.
                                    4.1.4.1.1    Markets
                                                      4.1.4.1.1.1    Buyer Attributes
                                                      4.1.4.1.1.2    Key Manufacturers in the U.S.
                                                      4.1.4.1.1.3    Business Challenges
                                                      4.1.4.1.1.4    Business Drivers
                                    4.1.4.1.2    Applications
                                                      4.1.4.1.2.1    U.S. Precision Agriculture Market (by Application)
                     4.1.4.2    Canada
                                    4.1.4.2.1    Markets
                                                      4.1.4.2.1.1    Buyer Attributes
                                                      4.1.4.2.1.2    Key Manufacturers in Canada
                                                      4.1.4.2.1.3    Business Challenges
                                                      4.1.4.2.1.4    Business Drivers
                                    4.1.4.2.2    Applications
                                                      4.1.4.2.2.1    Canada Precision Agriculture Market (by Application)
                     4.1.4.3    Mexico
                                    4.1.4.3.1    Markets
                                                      4.1.4.3.1.1    Buyer Attributes
                                                      4.1.4.3.1.2    Key Manufacturers in Mexico
                                                      4.1.4.3.1.3    Business Challenges
                                                      4.1.4.3.1.4    Business Drivers
                                    4.1.4.3.2    Applications
                                                      4.1.4.3.2.1    Mexico Precision Agriculture Market (by Application)
                     4.1.4.4    Rest-of-North America
                                    4.1.4.4.1    Markets
                                                      4.1.4.4.1.1    Buyer Attributes
                                                      4.1.4.4.1.2    Key Manufacturers in Rest-of-the-North America
                                                      4.1.4.4.1.3    Business Challenges
                                                      4.1.4.4.1.4    Business Drivers
                                    4.1.4.4.2    Applications
                                                      4.1.4.4.2.1    Rest-of-North America Precision Agriculture Market (by Application)
4.2    South America
         4.2.1    Markets
                     4.2.1.1    Key Manufacturers in South America
                     4.2.1.2    Business Challenges
                     4.2.1.3    Business Drivers
         4.2.2    Applications
                     4.2.2.1    South America Precision Agriculture Market (by Application)
         4.2.3    Products
                     4.2.3.1    South America Precision Agriculture Market (by Solution)
         4.2.4    South America (by Country)
                     4.2.4.1    Brazil
                                    4.2.4.1.1    Markets
                                                      4.2.4.1.1.1    Buyer Attributes
                                                      4.2.4.1.1.2    Key Manufacturers in Brazil
                                                      4.2.4.1.1.3    Business Challenges
                                                      4.2.4.1.1.4    Business Drivers
                                    4.2.4.1.2    Applications
                                                      4.2.4.1.2.1    Brazil Precision Agriculture Market (by Application)
                     4.2.4.2    Argentina
                                    4.2.4.2.1    Markets
                                                      4.2.4.2.1.1    Buyer Attributes
                                                      4.2.4.2.1.2    Key Manufacturers in Argentina
                                                      4.2.4.2.1.3    Business Challenges
                                                      4.2.4.2.1.4    Business Drivers
                                    4.2.4.2.2    Applications
                                                      4.2.4.2.2.1    Argentina Precision Agriculture Market (by Application)
                     4.2.4.3    Chile
                                    4.2.4.3.1    Markets
                                                      4.2.4.3.1.1    Buyer Attributes
                                                      4.2.4.3.1.2    Key Manufacturers in Chile
                                                      4.2.4.3.1.3    Business Challenges
                                                      4.2.4.3.1.4    Business Drivers
                                    4.2.4.3.2    Applications
                                                      4.2.4.3.2.1    Chile Precision Agriculture Market (by Application)
                     4.2.4.4    Peru
                                    4.2.4.4.1    Markets
                                                      4.2.4.4.1.1    Buyer Attributes
                                                      4.2.4.4.1.2    Key Manufacturers in Peru
                                                      4.2.4.4.1.3    Business Challenges
                                                      4.2.4.4.1.4    Business Drivers
                                    4.2.4.4.2    Applications
                                                      4.2.4.4.2.1    Peru Precision Agriculture Market (by Application)
4.3    Europe
         4.3.1    Market
                     4.3.1.1    Key Manufacturers in Europe
                     4.3.1.2    Business Challenges
                     4.3.1.3    Business Drivers
         4.3.2    Applications
                     4.3.2.1    Europe Precision Agriculture Market (by Application)
         4.3.3    Products
                     4.3.3.1    Europe Precision Agriculture Market (by Solution)
         4.3.4    Europe (by Country)
                     4.3.4.1    Germany
                                    4.3.4.1.1    Markets
                                                      4.3.4.1.1.1    Buyer Attributes
                                                      4.3.4.1.1.2    Key Manufacturers in Germany
                                                      4.3.4.1.1.3    Business Challenges
                                                      4.3.4.1.1.4    Business Drivers
                                    4.3.4.1.2    Applications
                                                      4.3.4.1.2.1    Germany Precision Agriculture Market (by Application)
                     4.3.4.2    France
                                    4.3.4.2.1    Markets
                                                      4.3.4.2.1.1    Buyer Attributes
                                                      4.3.4.2.1.2    Key Manufacturers in France
                                                      4.3.4.2.1.3    Business Challenges
                                                      4.3.4.2.1.4    Business Drivers
                                    4.3.4.2.2    Applications
                                                      4.3.4.2.2.1    France Precision Agriculture Market (by Application)
                     4.3.4.3    Netherlands
                                    4.3.4.3.1    Markets
                                                      4.3.4.3.1.1    Buyer Attributes
                                                      4.3.4.3.1.2    Key Manufacturers in the Netherlands
                                                      4.3.4.3.1.3    Business Challenges
                                                      4.3.4.3.1.4    Business Drivers
                                                      4.3.4.3.1.5    Netherlands Precision Agriculture Market (by Application)
                     4.3.4.4    Italy
                                    4.3.4.4.1    Markets
                                                      4.3.4.4.1.1    Buyer Attributes
                                                      4.3.4.4.1.2    Key Manufacturers in Italy
                                                      4.3.4.4.1.3    Business Challenges
                                                      4.3.4.4.1.4    Business Drivers
                                    4.3.4.4.2    Applications
                                                      4.3.4.4.2.1    Italy Precision Agriculture Market (by Application)
                     4.3.4.5    Spain
                                    4.3.4.5.1    Markets
                                                      4.3.4.5.1.1    Buyer Attributes
                                                      4.3.4.5.1.2    Key Manufacturers in Spain
                                                      4.3.4.5.1.3    Business Challenges
                                                      4.3.4.5.1.4    Business Drivers
                                    4.3.4.5.2    Applications
                                                      4.3.4.5.2.1    Spain Precision Agriculture Market (by Application)
                     4.3.4.6    Denmark
                                    4.3.4.6.1    Markets
                                                      4.3.4.6.1.1    Buyer Attributes
                                                      4.3.4.6.1.2    Key Manufacturers in Denmark
                                                      4.3.4.6.1.3    Business Challenges
                                                      4.3.4.6.1.4    Business Drivers
                                    4.3.4.6.2    Applications
                                                      4.3.4.6.2.1    Denmark Precision Agriculture Market (by Application)
                     4.3.4.7    Rest-of-Europe
                                    4.3.4.7.1    Markets
                                                      4.3.4.7.1.1    Buyer Attributes
                                                      4.3.4.7.1.2    Key Manufacturers in Rest-of-Europe
                                                      4.3.4.7.1.3    Business Challenges
                                                      4.3.4.7.1.4    Business Drivers
                                    4.3.4.7.2    Applications
                                                      4.3.4.7.2.1    Rest-of-Europe Precision Agriculture Market (by Application)
4.4    U.K.
         4.4.1    Markets
                     4.4.1.1    Key Manufacturers in the U.K.
                     4.4.1.2    Business Challenges
                     4.4.1.3    Business Drivers
         4.4.2    Applications
                     4.4.2.1    U.K. Precision Agriculture Market (by Application)
         4.4.3    Products
                     4.4.3.1    U.K. Precision Agriculture Market (by Solution)
4.5    Middle East and Africa
         4.5.1    Markets
                     4.5.1.1    Key Manufacturers in Middle East and Africa
                     4.5.1.2    Business Challenges
                     4.5.1.3    Business Drivers
         4.5.2    Applications
                     4.5.2.1    Middle East and Africa Precision Agriculture Market (by Application)
         4.5.3    Products
                     4.5.3.1    Middle East and Africa Precision Agriculture Market (by Solution)
         4.5.4    Middle East and Africa (by Country)
                     4.5.4.1    Israel
                                    4.5.4.1.1    Markets
                                                      4.5.4.1.1.1    Buyer Attributes
                                                      4.5.4.1.1.2    Key Manufacturers in Israel
                                                      4.5.4.1.1.3    Business Challenges
                                                      4.5.4.1.1.4    Business Drivers
                                    4.5.4.1.2    Applications
                                                      4.5.4.1.2.1    Israel Precision Agriculture Market (by Application)
                     4.5.4.2    South Africa
                                    4.5.4.2.1    Markets
                                                      4.5.4.2.1.1    Buyer Attributes
                                                      4.5.4.2.1.2    Key Manufacturers in South Africa
                                                      4.5.4.2.1.3    Business Challenges
                                                      4.5.4.2.1.4    Business Drivers
                                    4.5.4.2.2    Applications
                                                      4.5.4.2.2.1    South Africa Precision Agriculture Market (by Application)
                     4.5.4.3    Turkey
                                    4.5.4.3.1    Markets
                                                      4.5.4.3.1.1    Buyer Attributes
                                                      4.5.4.3.1.2    Key Manufacturers in Turkey
                                                      4.5.4.3.1.3    Business Challenges
                                                      4.5.4.3.1.4    Business Drivers
                                    4.5.4.3.2    Applications
                                                      4.5.4.3.2.1    Turkey Precision Agriculture Market (by Application)
                     4.5.4.4    Rest-of-Middle East and Africa
                                    4.5.4.4.1    Markets
                                                      4.5.4.4.1.1    Buyer Attributes
                                                      4.5.4.4.1.2    Key Manufacturers in Rest-of-Middle East and Africa
                                                      4.5.4.4.1.3    Business Challenges
                                                      4.5.4.4.1.4    Business Drivers
                                    4.5.4.4.2    Applications
                                                      4.5.4.4.2.1    Rest-of-Middle East Precision Agriculture Market (by Application)
4.6    China
         4.6.1    Markets
                     4.6.1.1    Key Manufacturers in China
                     4.6.1.2    Business Challenges
                     4.6.1.3    Business Drivers
         4.6.2    Applications
                     4.6.2.1    China Precision Agriculture Market (by Application)
         4.6.3    Products
                     4.6.3.1    China Precision Agriculture Market (by Solution)
4.7    Asia-Pacific and Japan
         4.7.1    Markets
                     4.7.1.1    Key Manufacturers in Asia-Pacific and Japan
                     4.7.1.2    Business Challenges
                     4.7.1.3    Business Drivers
         4.7.2    Applications
                     4.7.2.1    Asia-Pacific and Japan Precision Agriculture Market (by Application)
         4.7.3    Products
                     4.7.3.1    Asia-Pacific and Japan Precision Agriculture Market (by Solution)
         4.7.4    Asia-Pacific and Japan (by Country)
                     4.7.4.1    Japan
                                    4.7.4.1.1    Markets
                                                      4.7.4.1.1.1    Buyer Attributes
                                                      4.7.4.1.1.2    Key Manufacturers in Japan
                                                      4.7.4.1.1.3    Business Challenges
                                                      4.7.4.1.1.4    Business Drivers
                                    4.7.4.1.2    Applications
                                                      4.7.4.1.2.1    Japan Precision Agriculture Market (by Application)
                     4.7.4.2    Australia and New Zealand (ANZ)
                                    4.7.4.2.1    Markets
                                                      4.7.4.2.1.1    Buyer Attributes
                                                      4.7.4.2.1.2    Key Manufacturers in Australia and New Zealand
                                                      4.7.4.2.1.3    Business Challenges
                                                      4.7.4.2.1.4    Business Drivers
                                    4.7.4.2.2    Applications
                                                      4.7.4.2.2.1    Australia and New Zealand Precision Agriculture Market (by Application)
                     4.7.4.3    India
                                    4.7.4.3.1    Markets
                                                      4.7.4.3.1.1    Buyer Attributes
                                                      4.7.4.3.1.2    Key Manufacturers in India
                                                      4.7.4.3.1.3    Business Challenges
                                                      4.7.4.3.1.4    Business Drivers
                                    4.7.4.3.2    Applications
                                                      4.7.4.3.2.1    India Precision Agriculture Market (by Application)
                     4.7.4.4    Indonesia
                                    4.7.4.4.1    Markets
                                                      4.7.4.4.1.1    Buyer Attributes
                                                      4.7.4.4.1.2    Key Manufacturers in Indonesia
                                                      4.7.4.4.1.3    Business Challenges
                                                      4.7.4.4.1.4    Business Drivers
                                    4.7.4.4.2    Applications
                                                      4.7.4.4.2.1    Indonesia Precision Agriculture Market (by Application), Value
                     4.7.4.5    Vietnam
                                    4.7.4.5.1    Markets
                                                      4.7.4.5.1.1    Buyer Attributes
                                                      4.7.4.5.1.2    Key Manufacturers in Vietnam
                                                      4.7.4.5.1.3    Business Challenges
                                                      4.7.4.5.1.4    Business Drivers
                                    4.7.4.5.2    Applications
                                                      4.7.4.5.2.1    Vietnam Precision Agriculture Market (by Application), Value
                     4.7.4.6    Malaysia
                                    4.7.4.6.1    Markets
                                                      4.7.4.6.1.1    Buyer Attributes
                                                      4.7.4.6.1.2    Key Manufacturers in Malaysia
                                                      4.7.4.6.1.3    Business Challenges
                                                      4.7.4.6.1.4    Business Drivers
                                    4.7.4.6.2    Applications
                                                      4.7.4.6.2.1    Malaysia Precision Agriculture Market (by Application)
                  4.7.4.6.3    Rest-of-Asia Pacific and Japan
                                    4.7.4.6.4    Markets
                                                      4.7.4.6.4.1    Buyer Attributes
                                                      4.7.4.6.4.2    Key Manufacturers in India
                                                      4.7.4.6.4.3    Business Challenges
                                                      4.7.4.6.4.4    Business Drivers
                                    4.7.4.6.5    Applications
                                                      4.7.4.6.5.1    Rest-of-Asia Pacific and Japan Precision Agriculture Market (by Application)

5.1    Competitive Benchmarking
5.2    Market Share Analysis
         5.2.1    Market Share Analysis of Global Precision Agriculture Equipment Manufacturers
         5.2.2    Market Share Analysis of Global Precision Agriculture Software and Platform Providers
5.3    Company Profiles
         5.3.1    Precision Agriculture Equipment Manufacturers
                     5.3.1.1    AGCO Corporation
                                    5.3.1.1.1    Company Overview
                                    5.3.1.1.2    Role of AGCO Corporation in the Global Precision Agriculture market
                                    5.3.1.1.3    Product Portfolio
                                    5.3.1.1.4    Business Strategies
                                                      5.3.1.1.4.1    Product Developments
                                    5.3.1.1.5    Corporate Strategies
                                                      5.3.1.1.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.1.5.2    Merger and Acquisition
                                    5.3.1.1.6    Strength and Weakness of AGCO Corporation
                     5.3.1.2    CLAAS Group
                                    5.3.1.2.1    Company Overview
                                    5.3.1.2.2    Role of CLAAS Group in the Global Precision Agriculture market
                                    5.3.1.2.3    Product Portfolio
                                    5.3.1.2.4    Business Strategies
                                                      5.3.1.2.4.1    Market Developments
                                                      5.3.1.2.4.2    Product Developments
                                    5.3.1.2.5    Corporate Strategies
                                                      5.3.1.2.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.2.5.2    Merger and Acquisition
                                    5.3.1.2.6    Strength and Weakness of CLAAS Group
                     5.3.1.3    CNH Industrial N.V.
                                    5.3.1.3.1    Company Overview
                                    5.3.1.3.2    Role of CNH Industrial N.V. in the Global Precision Agriculture market
                                    5.3.1.3.3    Product Portfolio
                                    5.3.1.3.4    Business Strategies
                                                      5.3.1.3.4.1    Market Developments
                                                      5.3.1.3.4.2    Product Developments
                                    5.3.1.3.5    Corporate Strategies
                                                      5.3.1.3.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.3.5.2    Merger and Acquisition
                                    5.3.1.3.6    Strength and Weakness of CNH Industrial N.V.
                     5.3.1.4    John Deere
                                    5.3.1.4.1    Company Overview
                                    5.3.1.4.2    Role of John Deere in the Global Precision Agriculture market
                                    5.3.1.4.3    Product Portfolio
                                    5.3.1.4.4    Business Strategies
                                                      5.3.1.4.4.1    Product Developments
                                    5.3.1.4.5    Corporate Strategies
                                                      5.3.1.4.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.4.5.2    Merger and Acquisition
                                    5.3.1.4.6    Strength and Weakness of John Deere
                     5.3.1.5    Hexagon Agriculture
                                    5.3.1.5.1    Company Overview
                                    5.3.1.5.2    Role of Hexagon Agriculture in the Global Precision Agriculture market
                                    5.3.1.5.3    Product Portfolio
                                    5.3.1.5.4    Business Strategies
                                                      5.3.1.5.4.1    Market Developments
                                                      5.3.1.5.4.2    Product Developments
                                    5.3.1.5.5    Corporate Strategies
                                                      5.3.1.5.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.5.5.2    Merger and Acquisition
                                    5.3.1.5.6    Strength and Weakness of Hexagon Agriculture
                     5.3.1.6    Kubota Corporation
                                    5.3.1.6.1    Company Overview
                                    5.3.1.6.2    Role of Kubota Corporation in the Global Precision Agriculture market
                                    5.3.1.6.3    Product Portfolio
                                    5.3.1.6.4    Business Strategies
                                                      5.3.1.6.4.1    Market Developments
                                                      5.3.1.6.4.2    Product Developments
                                    5.3.1.6.5    Corporate Strategies
                                                      5.3.1.6.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.6.5.2    Merger and Acquisition
                                    5.3.1.6.6    Strength and Weakness of Kubota Corporation
                     5.3.1.7    TeeJet Technologies
                                    5.3.1.7.1    Company Overview
                                    5.3.1.7.2    Role of TeeJet Technologies in the Global Precision Agriculture market
                                    5.3.1.7.3    Product Portfolio
                                    5.3.1.7.4    Business Strategies
                                                      5.3.1.7.4.1    Product Developments
                                    5.3.1.7.5    Strength and Weakness of TeeJet Technologies
                     5.3.1.8    The Toro Company
                                    5.3.1.8.1    Company Overview
                                    5.3.1.8.2    Role of The Toro Company in the Global Precision Agriculture market
                                    5.3.1.8.3    Product Portfolio
                                    5.3.1.8.4    Business Strategies
                                                      5.3.1.8.4.1    Market Developments
                                                      5.3.1.8.4.2    Product Developments
                                    5.3.1.8.5    Corporate Strategies
                                                      5.3.1.8.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.8.5.2    Merger and Acquisition
                                    5.3.1.8.6    Strength and Weakness of The Toro Company
                     5.3.1.9    Topcon Corporation
                                    5.3.1.9.1    Company Overview
                                    5.3.1.9.2    Role of Topcon Corporation in the Global Precision Agriculture market
                                    5.3.1.9.3    Product Portfolio
                                    5.3.1.9.4    Business Strategies
                                                      5.3.1.9.4.1    Market Developments
                                                      5.3.1.9.4.2    Product Developments
                                    5.3.1.9.5    Corporate Strategies
                                                      5.3.1.9.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.1.9.5.2    Merger and Acquisition
                                    5.3.1.9.6    Strength and Weakness of Topcon Corporation
                   5.3.1.10    Yanmar Co. Ltd.
                                    5.3.1.10.1    Company Overview
                                    5.3.1.10.2    Role of Yanmar Co. Ltd. in the Global Precision Agriculture market
                                    5.3.1.10.3    Product Portfolio
                                    5.3.1.10.4    Business Strategies
                                                        5.3.1.10.4.1    Market Developments
                                                        5.3.1.10.4.2    Product Developments
                                    5.3.1.10.5    Corporate Strategies
                                                        5.3.1.10.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                        5.3.1.10.5.2    Merger and Acquisition
                                    5.3.1.10.6    Strength and Weakness of Yanmar Co. Ltd.
         5.3.2    Precision Agriculture Software and Platform Providers
                     5.3.2.1    Microsoft Corporation
                                    5.3.2.1.1    Company Overview
                                    5.3.2.1.2    Role of Microsoft Corporation in the Global Precision Agriculture market
                                    5.3.2.1.3    Product Portfolio
                                    5.3.2.1.4    Business Strategies
                                                      5.3.2.1.4.1    Market Developments
                                                      5.3.2.1.4.2    Product Developments
                                    5.3.2.1.5    Corporate Strategies
                                                      5.3.2.1.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.2.1.5.2    Merger and Acquisition
                                    5.3.2.1.6    Strength and Weakness of Microsoft Corporation
                     5.3.2.2    AGRIVI
                                    5.3.2.2.1    Company Overview
                                    5.3.2.2.2    Role of AGRIVI in the Global Precision Agriculture market
                                    5.3.2.2.3    Product Portfolio
                                    5.3.2.2.4    Business Strategies
                                                      5.3.2.2.4.1    Market Developments
                                                      5.3.2.2.4.2    Product Developments
                                    5.3.2.2.5    Corporate Strategies
                                                      5.3.2.2.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.2.2.5.2    Merger and Acquisition
                                    5.3.2.2.6    Strength and Weakness of AGRIVI
                     5.3.2.3    BASF SE
                                    5.3.2.3.1    Company Overview
                                    5.3.2.3.2    Role of BASF SE in the Global Precision Agriculture market
                                    5.3.2.3.3    Product Portfolio
                                    5.3.2.3.4    Business Strategies
                                                      5.3.2.3.4.1    Market Developments
                                                      5.3.2.3.4.2    Product Developments
                                    5.3.2.3.5    Corporate Strategies
                                                      5.3.2.3.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.2.3.5.2    Merger and Acquisition
                                    5.3.2.3.6    Strength and Weakness of BASF SE
                     5.3.2.4    Granular Inc.
                                    5.3.2.4.1    Company Overview
                                    5.3.2.4.2    Role of Granular Inc. in the Global Precision Agriculture market
                                    5.3.2.4.3    Product Portfolio
                                    5.3.2.4.4    Business Strategies
                                                      5.3.2.4.4.1    Market Developments
                                                      5.3.2.4.4.2    Product Developments
                                    5.3.2.4.5    Corporate Strategies
                                                      5.3.2.4.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.2.4.5.2    Merger and Acquisition
                                    5.3.2.4.6    Strength and Weakness of Granular Inc.
                     5.3.2.5    IBM Corporation
                                    5.3.2.5.1    Company Overview
                                    5.3.2.5.2    Role of IBM Corporation in the Global Precision Agriculture market
                                    5.3.2.5.3    Product Portfolio
                                    5.3.2.5.4    Business Strategies
                                                      5.3.2.5.4.1    Market Developments
                                                      5.3.2.5.4.2    Product Developments
                                    5.3.2.5.5    Corporate Strategies
                                                      5.3.2.5.5.1    Partnerships, Joint Ventures, Collaborations, and Alliances
                                                      5.3.2.5.5.2    Merger and Acquisition
                                    5.3.2.5.6    Strength and Weakness of IBM Corporation
                     5.3.2.6    Other Key Players

Research Methodology

Table 1:    Key Consortiums and Associations in the Global Precision Agriculture Market
Table 2:    Top Regulatory Frameworks
Table 3:    Government Initiatives to Promote Precision Agriculture
Table 4:    Classification of Drones in Global Precision Agriculture Market
Table 5:    Types of Robots in Global Precision Agriculture Market
Table 6:    Key Start-Ups in the Precision Agriculture Ecosystem
Table 7:    Major Investors in Global Precision Agriculture Market
Table 8:    Top Innovations in Global Precision Agriculture Market
Table 9:    Major Irrigation Methods in Global Precision Agriculture Market
Table 10:    Precision Irrigation Products Offered by Key Companies Operating in Precision Agriculture Market
Table 11:    Field Monitoring Solutions Offered by Key Companies Operating in Precision Agriculture Market
Table 12:    Precision Spraying Solutions Offered by Key Companies Operating in Precision Agriculture Market
Table 13:    Precision Fertilization Solutions Offered by Key Companies Operating in Precision Agriculture Market
Table 14:    Data Management Solutions Offered by Key Companies Operating in Precision Agriculture Market
Table 15:    Global Precision Agriculture Market (by Application), $Million, 2020-2026
Table 16:    Global Precision Agriculture Market (by Farm Produce), $Million, 2020-2026
Table 17:    Guidance Technology Offered by Key Companies Operating in Precision Agriculture Market
Table 18:    Sensing Technology Offered by Key Companies Operating in Precision Agriculture Market
Table 19:    Variable Rate Application Technology Offered by Key Companies Operating in Precision Agriculture Market
Table 20:    Data Analytics and Intelligence Offered by Key Companies Operating in Precision Agriculture Market
Table 21:    Global Precision Agriculture Market (by Technology), $Million, 2020-2026
Table 22:    Global Precision Agriculture Market (by Solution), $Million, 2020-2026
Table 23:    Global Precision Agriculture Market (by Region), $Million, 2020-2026
Table 24:    North America Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 25:    North America Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 26:    North America Precision Agriculture Market (by Country), $Million, 2020-2026
Table 27:    U.S. Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 28:    Canada Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 29:    Mexico Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 30:    Rest-of-North America Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 31:    South America Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 32:    South America Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 33:    South America Precision Agriculture Market (by Country), $Million, 2020-2026
Table 34:    Brazil Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 35:    Argentina Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 36:    Chile Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 37:    Peru Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 38:    Europe Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 39:    Europe Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 40:    Europe Precision Agriculture Market (by Country), $Million, 2020-2026
Table 41:    Germany Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 42:    France Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 43:    Netherlands Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 44:    Italy Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 45:    Spain Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 46:    Denmark Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 47:    Rest-of-Europe Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 48:    U.K. Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 49:    U.K. Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 50:    Middle East and Africa Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 51:    Middle East and Africa Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 52:    Israel Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 53:    South Africa Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 54:    Turkey Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 55:    Rest-of-Middle East Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 56:    China Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 57:    China Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 58:    Asia-Pacific and Japan Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 59:    Asia-Pacific and Japan Precision Agriculture Market, (by Solution), $Million, 2020-2026
Table 60:    Asia-Pacific and Japan Precision Agriculture Market (by Country), $Million, 2020-2026
Table 61:    Japan Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 62:    Australia and New Zealand Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 63:    India Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 64:    Indonesia Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 65:    Vietnam Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 66:    Malaysia Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 67:    Rest-of-Asia Pacific and Japan Precision Agriculture Market, (by Application), $Million, 2020-2026
Table 68:    AGCO Corporation: Product Portfolio
Table 69:    AGCO Corporation: Product Development
Table 70:    AGCO Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 71:    AGCO Corporation: Merger and Acquisition
Table 72:    CLAAS Group: Product Portfolio
Table 73:    CLAAS Group: Business Expansion
Table 74:    CLAAS Group: Product Development
Table 75:    CLAAS Group: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 76:    CLAAS Group: Merger and Acquisition
Table 77:    CNH Industrial N.V.: Product Portfolio
Table 78:    CNH Industrial N.V.: Business Expansion
Table 79:    CNH Industrial N.V.: Product Development
Table 80:    CNH Industrial N.V.: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 81:    CNH Industrial N.V.: Merger and Acquisition
Table 82:    John Deere: Product Portfolio
Table 83:    John Deere: Product Development
Table 84:    John Deere: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 85:    John Deere: Merger and Acquisition
Table 86:    Hexagon Agriculture: Product Portfolio
Table 87:    Hexagon Agriculture: Business Expansion
Table 88:    Hexagon Agriculture: Product Development
Table 89:    Hexagon Agriculture: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 90:    Hexagon Agriculture: Merger and Acquisition
Table 91:    Kubota Corporation: Product Portfolio
Table 92:    Kubota Corporation: Business Expansion
Table 93:    Kubota Corporation: Product Development
Table 94:    Kubota Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 95:    Kubota Corporation: Merger and Acquisition
Table 96:    TeeJet Technologies: Product Portfolio
Table 97:    TeeJet Technologies: Product Development
Table 98:    The Toro Company: Product Portfolio
Table 99:    The Toro Company: Business Expansion
Table 100:    The Toro Company: Product Development
Table 101:    The Toro Company: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 102:    The Toro Company: Merger and Acquisition
Table 103:    Topcon Corporation: Product Portfolio
Table 104:    Topcon Corporation: Business Expansion
Table 105:    Topcon Corporation: Product Development
Table 106:    Topcon Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 107:    Topcon Corporation: Merger and Acquisition
Table 108:    Yanmar Co. Ltd.: Product Portfolio
Table 109:    Yanmar Co. Ltd.: Business Expansion
Table 110:    Yanmar Co. Ltd.: Product Development
Table 111:    Yanmar Co. Ltd.: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 112:    Yanmar Co. Ltd.: Merger and Acquisition
Table 113:    Microsoft Corporation: Product Portfolio
Table 114:    Microsoft Corporation: Business Expansion
Table 115:    Microsoft Corporation: Product Development
Table 116:    Microsoft Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 117:    Microsoft Corporation: Merger and Acquisition
Table 118:    AGRIVI: Product Portfolio
Table 119:    AGRIVI: Business Expansion
Table 120:    AGRIVI: Product Development
Table 121:    AGRIVI: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 122:    AGRIVI: Merger and Acquisition
Table 123:    BASF SE: Product Portfolio
Table 124:    BASF SE: Business Expansion
Table 125:    BASF SE: Product Development
Table 126:    BASF SE: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 127:    BASF SE: Merger and Acquisition
Table 128:    Granular Inc.: Product Portfolio
Table 129:    Granular Inc.: Business Expansion
Table 130:    Granular Inc.: Product Development
Table 131:    Granular Inc.: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 132:    Granular Inc.: Merger and Acquisition
Table 133:    IBM Corporation: Product Portfolio
Table 134:    IBM Corporation: Business Expansion
Table 135:    IBM Corporation: Product Development
Table 136:    IBM Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 137:    IBM Corporation: Merger and Acquisition
Table 138:    Other Key Players in Global Precision Agriculture Market

Figure 1:    Global Precision Agriculture Market, $Million, 2020-2026
Figure 2:    Market Dynamics of the Global Precision Agriculture Market
Figure 3:    Global Precision Agriculture Market (by Application), $Million, 2020-2026
Figure 4:    Global Precision Agriculture Market (by Farm Produce), $Million, 2020-2026
Figure 5:    Global Precision Agriculture Market (by Technology), $Million, 2020-2026
Figure 6:    Global Precision Agriculture Market (by Region), $Million, 2020
Figure 7:    Global Precision Agriculture Market Coverage
Figure 8:    Global Precision Agriculture Market Ecosystem
Figure 9:    Global Agriculture Drone Market, (by Revenue), $Billion, 2020-2026
Figure 10:    Global Agriculture Robot Market, (by Revenue), $Billion, 2020-2026
Figure 11:    Business Drivers, Challenges, and Opportunities for Global Precision Agriculture Market
Figure 12:    Share of Key Market Strategies and Developments, January 2017-October 2021
Figure 13:    Product Development (by Company), January 2017-October 2021
Figure 14:    Market Development (by Company), January 2017-October 2021
Figure 15:    Mergers and Acquisitions (by Company), January 2017-October 2021
Figure 16:    Partnerships, Collaborations, and Joint Ventures (by Company), January 2017-October 2021
Figure 17:    Investment and Funding in Global Precision Agriculture Market, January 2017-December 2020
Figure 18:    Key Technologies and Information Flows in Precision Agriculture Market
Figure 19:    Global Precision Agriculture Market, (by Application), $Million, 2020-2026
Figure 20:    Schematic Diagram of Precision Irrigation
Figure 21:    Global Precision Agriculture Patent Trend (2005-2020)
Figure 22:    Year-Wise Total Number of Patents for Precision Agriculture Market (January 2018-October 2021)
Figure 23:    Patent Analysis (by Status), January 2018-October 2021
Figure 24:    Year-Wise Total Patents Filed or Granted for Precision Agriculture Market, January 2018-October 2021
Figure 25:    Patents Analysis (by Organization), January 2018-October 2021
Figure 26:    Supply Chain Analysis of the Global Precision Agriculture Market
Figure 27:    North America Precision Agriculture Market, $Million, 2020-2026
Figure 28:    South America Precision Agriculture Market, $Million, 2020-2026
Figure 29:    Europe Precision Agriculture Market, $Million, 2020-2026
Figure 30:    Middle East and Africa Precision Agriculture Market, $Million, 2020-2026
Figure 31:    Competitive Market High and Low Matrix
Figure 32:    Market Share Analysis of Precision Agriculture Equipment Manufacturers, 2020
Figure 33:    Market Share Analysis of Precision Agriculture Software and Platform Providers, 2020
Figure 34:    Global Precision Agriculture Market: Research Methodology
Figure 35:    Top-Down and Bottom-Up Approach
Figure 36:    Assumptions and Limitations

Market Report Coverage

Precision Agriculture Market

Base Year

2020

Market Size in 2020

$5,109.0 Million

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$10,931.5 Million

CAGR During Forecast Period

14.8%

Number of Tables

138

Number of Pages

243

Number of Figures

36

Market Segmentation

•    Application: Precision Irrigation, Field Monitoring, Precision Spraying, Precision Fertilization, Precision Planting, Data Management, Other Applications

•    Farm Produce: Field Crops, Permanent Crops, Others

•   Technology: Guidance Technology, Sensing Technology, Variable Rate Application Technology, Data Analytics and Intelligence, Others

•   Solution: Hardware, Software and Platform, Support Services

Regional Segmentation

•    North America: U.S., Canada, Mexico and Rest-of-North America

•    Europe: Germany, Netherlands, France, Italy, Spain, Denmark, and Rest-of-Europe

•    U.K.

•    Middle East and Africa: Israel, South Africa, Turkey, and Rest-of-Middle East and Africa

•    China

•    Asia-Pacific and Japan: India, Japan, Australia and New Zealand (ANZ), Indonesia, Vietnam, Malaysia, and Rest-of-Asia Pacific and Japan

•    South America: Brazil, Argentina, Chile, Peru

Market Growth Drivers

•    Increasing Support from Government and Regulatory Bodies

•    Increasing Demand for Global Food Production

•    Need of Technologies to Combat Climate Change

Market Challenges

•    High Initial Investment

•    Threat to Data Security and Privacy

•    Lack of Awareness and IT Infrastructure in Developing Regions

Market Opportunities

•    Integration of Emerging Technologies with Existing Practices

•    Scope of Growth in Asia-Pacific and Japan Region

•    Integral Offerings with Horizontal Integration in Farming

Key Companies Profiled

AGCO Corporation, CLAAS Group, CNH Industrial N.V., John Deere, Hexagon Agriculture, Kubota Corporation, TeeJet Technologies, The Toro Company, Topcon Corporation, Yanmar Co. Ltd., Microsoft Corporation, AGRIVI, BASF SE, Granular Inc., IBM Corporation

How This Report Can Add Value

This report will help with the following objectives:

•    This report covers major regions with established precision agriculture market.
•    Government Initiatives and Regulatory Frameworks are provided for various regions.
•    Market Share Analysis has been done for analyzing the competition in the precision agriculture market business. 
•    Extensive competitive benchmarking of the top 15 players (including OEMs and equipment providers) has been done to offer a holistic view of the global precision agriculture market landscape.

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of precision agriculture technologies and services offered by key players operating in the market and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different precision agriculture technologies (i.e., guidance technology, sensing technology, variable rate application technology, data analytics, and others).

Key Questions Answered in the Report:

•    What is the expected global precision agriculture market size in terms of value during the period 2021-2026? 
•    What is the expected future scenario and revenue to be generated by different types of solutions including software and platform, hardware, and support services? 
•    What is the expected future scenario and revenue to be generated by the technology segment, including guidance technology, sensing technology, variable rate application technology, and data analytics and intelligence? 
•    What is the expected future scenario and revenue to be generated by different applications for precision agriculture solutions, including precision irrigation, field monitoring, precision spraying, precision fertilization, precision planting, and data management?
•    Which region is the largest market for the global precision agriculture market? 
•    What is the expected future scenario and revenue to be generated by different regions and countries in the global precision agriculture market such as North America, South America, Europe, the U.K., China, Asia-Pacific and Japan, and Middle East and Africa? 
•    What is the competitive strength of the key players in the global precision agriculture market based on the analysis of their recent developments, product offerings, and regional presence? 
•    Which are the different consortiums and associations present in the global precision agriculture market, and what are their roles, focus areas, and key functions in this market? 
•    Where do the key precision agriculture companies lie in their competitive benchmarking, compared on basis of market coverage and market potential? 
•    What does the technology ecosystem of precision agriculture solutions constitute?

Report Summary

Precision Agriculture Market

Precision agriculture Market is defined as the practices adopted to make farming accurate and precise. The techniques may include the use of artificial intelligence, a wide array of technologies such as sensors, drones, robotics, automated hardware, telematics, software, and autonomous vehicles. For instance, GPS is used to receive location data from satellites and control the farmer’s tractor based on coordinates of the field.

Precision Agriculture Industry Overview

The global precision agriculture market is expected to reach $10.93 billion by 2026, with a CAGR of 14.8% during the forecast period 2021-2026. The growth rate in the market is because of the increased government initiatives around the world for precision agriculture services, as this leads to an increase in agricultural production to cater to the growing global food demand. Precision agriculture techniques are being adopted by farmers across the globe to increase crop yield, shrink wastage, and ensure food security. This has led to an increase in the growth of the global precision agriculture market.

Impact of COVID-19 on Precision Agriculture Market

The precision agriculture market experienced a dip in the year 2020 due to the COVID-19 pandemic due to restrictions in movement. Globally nations had lockdown imposed because of which the supply chain also got disrupted, resulting in shortage of equipment and other inputs required for farming. This has brought the companies’ attention toward the use of remote sensing and other agriculture management tools, which can lead to a boost in the adoption of precision agriculture practices.

Market Segmentation

Precision Agriculture Market by Application

Precision irrigation is an innovative method to evaluate the crop’s water requirement and implementation of advanced systems to encourage the health of the crop and to reduce the nutrient, chemical, and water waste. It involves scheduling irrigation based on the data collected through sensors and drones. It also involves providing the right amount of water to the plants/crops at the right time and place without wasting the available land resources.

Precision Agriculture Market by Farm Produce

Field crops comprise the mainstream traditional farm produce that the agriculture industry majorly focuses on for its daily revenue generation. These crops are grown for large-scale consumption purposes. While the production of fruits and vegetables requires handpicking by manual labors and individualized care, field crops are generally processed in bulk.

Precision Agriculture Market by Technology

The guidance technology majorly comprises the global positioning system (GPS) and global navigation satellite system (GNSS) technologies which are applied in the agriculture industry for navigation purposes. The navigation is done via satellites which send signals to the receiver/user to provide them with accurate information about the location on the farm. Such equipment enables efficient crop monitoring. GPS/GNSS equipment and software service can be used for automated record keeping, vehicle navigation, and inter-vehicle communications, and other applications.

Precision Agriculture Market by Solution

Hardware systems of precision agriculture solutions are broadly classified into automation and control systems, sensing and navigation systems, and other equipment like smart sprayers and sprinklers. The hardware solution comprises different types of tools and devices, such as displays, GPS/GNSS devices, and handheld mobile devices.

Precision Agriculture Market by Region

North America has been one of the early adopters of the new technologies to meet the growing food demand across the globe. North America has most of the market leaders and contributors to the advanced precision agriculture industry, with the U.S. being the heartland of precision agriculture technologies. Over the last two decades, precision farming methods have been progressively adopted by the regional farmers to make their farm operations easy and to produce high-quality crops. The farmers of the region are being well-trained to make them open toward the adoption of technological innovations.

Key Market Players and Competition Synopsis

AGCO Corporation, CLAAS Group, CNH Industrial N.V., John Deere, Hexagon Agriculture, Kubota Corporation, TeeJet Technologies, The Toro Company, Topcon Corporation, Yanmar Co. Ltd., Microsoft Corporation, AGRIVI, BASF SE, Granular Inc., IBM Corporation

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (which hold 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the Precision Agriculture industry.

FAQ's

What is the estimated growth rate of the precision agriculture market in the coming years?

The global precision agriculture market is expected to reach $10.93 billion by 2026, with a CAGR of 14.8% during the forecast period 2021-2026.

Which are the top market players operating in the precision agriculture market?

The top market players are AGCO Corporation, CLAAS Group, CNH Industrial N.V., John Deere, Hexagon Agriculture, Kubota Corporation, TeeJet Technologies, The Toro Company, Topcon Corporation, Yanmar Co. Ltd., Microsoft Corporation, AGRIVI, BASF SE, Granular Inc., IBM Corporation.

What are the factors driving the growth of the precision agriculture market?

Factors driving the growth of the precision agriculture market are the increasing support from government and regulatory bodies, and increasing demand for global food production, and the need for technologies to combat climate change.

What are the challenges restricting the growth of the precision agriculture market?

Some of the main challenges restricting the growth of the precision agriculture market are the high initial investment, threat to data security and privacy, and lack of awareness and IT infrastructure in developing regions.

What are some of the opportunities in the precision agriculture market?

The potential opportunities that are likely to boost the growth of the precision agriculture market are the integration of emerging technologies with existing practices, the scope of growth in the Asia-Pacific and Japan region, and integral offerings with horizontal integration in farming.

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