Precision farming is the precise application of agricultural inputs with respect to weather, soil, and crop to improve quality and productivity. Advancements in technology for the agriculture sector is one of the primary reasons that are impacting the growth of the precision farming market. North America is expected to hold a significant share of the market owing to the technologically advanced region and a large number of players operating in the region.
The increasing demand for agriculture products, the growing popularity of VRT, and sensing technologies among farmers and various advantages such as higher yields, better quality, and cost-cutting are some of the significant factors driving the growth of the precision farming market. However, the high cost of precision farming and limited technical knowledge are the major factors which may restrain the growth of the precision farming market.
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Ag Leader Technology, AGCO Corporation., AgEagle Aerial Systems Inc, AgJunction, Deere and Company, Raven Industries, Inc., TARANIS, Teejet Technologies, Topcon Corporation, Trimble Inc.
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Precision Farming Market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global market
Analysis tools such as SWOT analysis and Porter’s five force model have been inculcated in order to present a perfect in-depth knowledge about Precision Farming Market. Ample graphs, tables, charts are added to help have an accurate understanding of this market. The Precision Farming Market is also been analyzed in terms of value chain analysis and regulatory analysis.
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In-depth qualitative analyses include identification and investigation of the following aspects:
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Risk Assessment for Investing in Global Market
Critical Success Factors (CSFs)
The competitive landscape of the market has been examined on the basis of market share analysis of key players. Detailed market data about these factors is estimated to help vendors take strategic decisions that can strengthen their positions in the market and lead to more effective and larger stake in the global Precision Farming Market. Pricing and cost teardown analysis for products and service offerings of key players has also been undertaken for the study.
Table of Contents:
1 Executive Summary
3 Precision Farming Market Overview
4 Market Trend Analysis
5 Global Precision Farming Market Segmentation
6 Market Effect Factors Analysis
7 Market Competition by Manufacturers
8 Key Developments
9 Company Profiling
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