According to the current analysis of Reports and Data, the global precision Farming/Agriculture market was valued at USD 5.3 Billion in 2018 and is expected to reach USD 14.1 Billion by the year 2026, at a CAGR of 12.7%. This high growth is mainly attributable to an increasing usage of GPS & GIS systems to monitor agricultural parameters. These field mapping systems help to gather real-time data and enable the analysis of a huge geospatial data set. These systems facilitate field mapping, soil sampling, and farm planning and help farmers to adopt effective soil or plant treatment strategies, increasing farm production. In addition, sensors are placed throughout the field that measure temperature, nutrition level and humidity of the soil. Therefore, the technology eliminates manual human efforts by automating crucial processes including real-time farm monitoring and information sharing.

Precision Farming/Agriculture is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance the productivity and crop yield. Another factor contributing to the precision Farming/Agriculture market growth is the huge use of drones and aircrafts for precision Farming/Agriculture operations. Drones have emerged as an excellent alternative to the traditional surveying & data gathering methods in agricultural operations. 

To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1291

The major players in the market are: Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), The Climate Corporation (US), Descartes Labs (US), ec2ce (Spain), Gamaya (Switzerland), Decisive Farming/Agriculture (Canada).

The report offers a segmentation analysis of the market to impart a better understanding of the market. The report segments the Precision Farming/Agriculture market on the basis of product types offered in the market, application spectrum, end-user industries, technologies, and key geographical regions of the market. The report also offers insights into the segment expected to show lucrative growth in the projected timeline.

For the purpose of this report, Reports and Data has segmented the precision Farming/Agriculture market on the basis of component, technology, application, and region:

Component (Revenue, USD Million; 2016–2026)

• Hardware
• Automation & Control Systems
• Display
• Guidance & Steering
• GPS & GNSS
• Drones, UAV & Cameras
• Others
• Sensing and Monitoring Device
• Yield Monitors
• Soil Sensors
• Water Sensors
• Climate Sensors
• Software
• Services
• Consulting & training
• Maintenance & update
• Integration
• Managed Service
• Other Services

Technology (Revenue, USD Million; 2016–2026)

• Guidance Technology
• Remote Sensing 
• Variable-Rate Technology 

Application (Revenue, USD Million; 2016–2026)

• Yield Monitoring 
• Field Mapping 
• Crop Scouting 
• Weather Tracking & Forecasting 
• Irrigation Management 
• Inventory Management
• Farm Labor Management 
• Financial Management 
• Others

Regional Segmentation Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1291

Further key findings from the report suggest:

• The Precision Farming/Agriculture Market is forecasted to grow from USD 33.67 billion in 2018 to USD 63.11 billion by 2026, at a CAGR of 7.8%, during the forecast period. A rapidly rising population and higher urbanization have boosted global demand for processed food products, driving food demand.
• In 2018, the market for enzymes was valued at USD 3.17 Billion, while in 2018 the market for preservatives was valued at USD 3.41 Billion. Within hydrocolloids, a CAGR of 7.76% during the forecast period is expected to occur in the natural antioxidants segment.
• The bakery segment is expected to reach USD 20.16 Billion in 2026, at a CAGR of 8.63%. Whereas the market for meat and meat products is expected to grow the third highest and is expected to reach USD 11.34 Billion in 2026, at a CAGR of 7.03%.

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/precision-farming-agriculture-market

To summarize, the Global Precision Farming/Agriculture Market report is a dependable and authentic source for attaining crucial information and market insights to advance and boost your business significantly. The report studies all crucial aspects, such as present and future economic scenarios, beneficial opportunities, limitations, drivers and constraints, market growth rate, and risks.

Thank you for reading our report. To know more about the report and its customization, please get in touch with us. Our team will ensure you get the report tailored as per your requirements.

Browse More Related Report:

1. Humic-based Biostimulants Market Size, Trends & Analysis, By Type, By Application, Region And Forecast To 2027

2. Biological Seed Treatment Market Size, Share & Analysis, By Product And Region, Segment Forecasts To 2027

3. Digital Farming Market Size, Share & Analysis, By Component, By Application And By Region – Forecasts To 2027