Precision Agriculture Market By Technology (Geographic information system (GIS), Telematics, Variable rate technology (VRT), Global positioning system (GPS), Remote Sensing), By Component (Hardware, Software), Industry Trends, Estimation & Forecast, 2016 - 2024

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Precision Agriculture Market was valued at $3.4 billion in 2016 and is expected to reach $10.5 billion by 2024, having a CAGR of 15.3% during the forecast period of 2017 to 2024. The GPS technology segment gained the highest revenue share in the global precision agriculture market.
  • Precision agriculture also known as site specific crop management (SSCM) and satellite farming is an advanced farming technique which utilizes several technologies such as GPS, GIS and remote sensing to gather crucial field related information to support farmer’s decisions regarding crop fertilizing, planting, and harvesting. Precision agriculture is swiftly gaining popularity among farmers due to the increasing need of optimum production within the given resources. The declining area of arable land and the changing weather patterns due to increasing global warming has limited the food production potential. Farmers facing the pressure of maximizing production within these limitations are pursuing progressive techniques to make their farmlands more efficient. Precision agriculture aids in managing farm lands more effectively by offering technologies such as real-time farm monitoring, weather forecasting, optimal field requirements and others.

    Precision agriculture allows the farmers to increase their yield with minimum human efforts and wastage. Moreover, it enables the farmers to manage their resources as well as access real time information through their smartphones, thereby offering greater mobility and ease of operation.

    Market Determinants

    The global precision agriculture market has witnessed healthy growth in the recent years due to the dozens of benefits derived from smart use of technology in agricultural activities. The prime factor driving the growth of global precision agriculture market is the need to fulfil the growing demand for food of the flourishing population. The FAOSTAT data shows that the food consumption measured in kcals per capita per day has been steadily increasing on a worldwide basis. In 2015, the per capita food consumption was 2940 kcal per day. It is expected to increase to 3050 kcal per capita per day, by 2030. Further, increase in the usage of smart phones has enabled farmers to quickly adapt to precision farming trends. Moreover, the application of cloud technology in handling data related to the field, crops, machineries used in agriculture is fueling the market growth. However, high investment cost of precision agriculture equipment’s and lack of awareness regarding precision agriculture among farmers act as the major barriers in the growth of the market. On the other hand, increasing innovations in the technology related to precision agriculture is expected to create huge opportunities for the growth of market in the coming years.

    PRECISION AGRICULTURE MARKET SEGMENTATION

    By Technology
    • Geographic information system (GIS)
    • Telematics
    • Variable rate technology (VRT)
    • Global positioning system (GPS)
    • Remote Sensing

    By Component

    • Hardware
    o Sensors
    o Drones
    o Automated Steering System
    o Radar
    o Global positioning system (GPS)
    o Others (Satellite, Smartphone, Display)

    • Software
    o Geographic information system (GIS)
    o Crop Management Software
    o Weather Tracking and Forecasting Software
    o Inventory Management Software
    o People Management Software
    o Financial Management Software

    By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

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  • CHAPTER 1. INTRODUCTION 
    1.1. RESEARCH METHODOLOGY
    1.1.1. ERC desk research
    1.1.2. ERC data synthesis
    1.1.3. Data validation and market feedback
    1.1.4. ERC data sources
    1.2. RESEARCH SCOPE

    CHAPTER 2. MARKET LANDSCAPE 
    2.1. RESEARCH SUMMARY
    2.2. VALUE CHAIN ANALYSIS
    2.3. FIVE FORCES ANALYSIS
    2.4. MARKET SHARE ANALYSIS
    2.5. DEMAND FORECAST
    2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
    2.7. MARKET DETERMINANTS
    2.7.1. Drivers
    2.7.1.1. Increasing use of smart phones
    2.7.1.2. Magnified application of cloud technology
    2.7.1.3. Flourishing population
    2.7.2. Restraints
    2.7.2.1. Lack of awareness about precision agriculture products
    2.7.2.2. High investment cost
    2.7.3. Opportunities
    2.7.3.1. Innovations in technology

    CHAPTER 3. GLOBAL PRECISION AGRICULTURE MARKET BY TECHNOLOGY 
    3.1. SEGMENT OUTLINE
    3.2. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024
    3.3. GIS
    3.3.1. Trend Analysis
    3.3.2. Market growth indicators
    3.3.3. Global precision agriculture GIS market revenue by region,2016-2024
    3.4. TELEMATICS
    3.4.1. Trend Analysis
    3.4.2. Market growth indicators
    3.4.3. Global precision agriculture telematics market revenue by region,2016-2024
    3.5. VRT
    3.5.1. Trend Analysis
    3.5.2. Market growth indicators
    3.5.3. Global precision agriculture VRT market revenue by region,2016-2024
    3.6. GPS
    3.6.1. Trend Analysis
    3.6.2. Market growth indicators
    3.6.3. Global precision agriculture gPS market revenue by region,2016-2024
    3.7. REMOTE SENSING
    3.7.1. Trend Analysis
    3.7.2. Market growth indicators
    3.7.3. Global precision agriculture remote sensing market revenue by region,2016-2024

    CHAPTER 4. GLOBAL PRECISION AGRICULTURE MARKET BY COMPONENT TYPE 
    4.1. SEGMENT OUTLINE
    4.2. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY COMPONENT TYPE,2016-2024
    4.3. HARDWARE
    4.3.1. Trend analysis
    4.3.2. Market growth indicators
    4.3.3. Global precision agriculture hardware market revenue by region,2016-2024
    4.3.4. Global precision agriculture hardware market revenue by type,2016-2024
    4.3.5. Sensor
    4.3.5.1. Global precision agriculture sensor hardware market revenue by region,2016-2024
    4.3.6. Drones
    4.3.6.1. Global precision agriculture drones market revenue by region,2016-2024
    4.3.7. Automated steering system
    4.3.7.1. Global precision agriculture automated steering system market revenue by region,2016-2024
    4.3.8. Radar
    4.3.8.1. Global precision agriculture radar market revenue by region,2016-2024
    4.3.9. GPS
    4.3.9.1. Global precision agriculture GPS market revenue by region,2016-2024
    4.3.10. Others
    4.3.10.1. Global others precision agriculture hardware market revenue by region,2016-2024
    4.4. SOFTWARE
    4.4.1. Trend analysis
    4.4.2. Market growth indicators
    4.4.3. Global software market revenue by region,2016-2024
    4.4.4. Global software market revenue by type,2016-2024
    4.4.5. GIS
    4.4.5.1. Global precision agriculture GIS market revenue by region,2016-2024
    4.4.6. Crop management software
    4.4.6.1. Global precision agriculture crop management software market revenue by region,2016-2024
    4.4.7. Weather tracking software
    4.4.7.1. Global precision agriculture weather tracking software market revenue by region,2016-2024
    4.4.8. Inventory management software
    4.4.8.1. Global precision agriculture inventory management software market revenue by region,2016-2024
    4.4.9. People management software
    4.4.9.1. Global precision agriculture people management software market revenue by region,2016-2024
    4.4.10. Financial management software
    4.4.10.1. Global precision agriculture financial management software market revenue by region,2016-2024

    CHAPTER 5. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY GEOGRAPHY 
    5.1. SEGMENT OUTLINE
    5.2. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY GEOGRAPHY,2016-2024
    5.3. NORTH AMERICA
    5.3.1. Trend analysis
    5.3.2. Market growth indicators
    5.3.3. North America precision agriculture market revenue by technology,2016-2024
    5.3.4. North America precision agriculture market revenue by hardware,2016-2024
    5.3.5. North America precision agriculture market revenue by software,2016-2024
    5.4. EUROPE
    5.4.1. Trend analysis
    5.4.2. Market growth indicators
    5.4.3. Europe precision agriculture market revenue by technology,2016-2024
    5.4.4. Europe precision agriculture market revenue by hardware,2016-2024
    5.4.5. Europe precision agriculture market revenue by software,2016-2024
    5.5. ASIA-PACIFIC
    5.5.1. Trend analysis
    5.5.2. Market growth indicators
    5.5.3. APAc precision agriculture market revenue by technology,2016-2024
    5.5.4. APAC precision agriculture market revenue by hardware,2016-2024
    5.5.5. APAC precision agriculture market revenue by software,2016-2024
    5.6. REST OF THE WORLD
    5.6.1. Trend analysis
    5.6.2. Market growth indicators
    5.6.3. ROW precision agriculture market revenue by technology,2016-2024
    5.6.4. ROW precision agriculture market revenue by hardware,2016-2024
    5.6.5. ROW precision agriculture market revenue by software,2016-2024

    CHAPTER 6. KEY VENDOR PROFILES
    6.1. AGCO CORPORATION
    6.1.1. Company synopsis
    6.1.2. Company snapshot
    6.1.3. Business overview
    6.1.4. Strategic analysis
    6.2. CROPX
    6.2.1. Company synopsis
    6.2.2. Company snapshot
    6.2.3. Business overview
    6.2.4. Strategic analysis
    6.3. CROPMETRICS LLC.
    6.3.1. Company synopsis
    6.3.2. Company snapshot
    6.3.3. Business overview
    6.3.4. Strategic analysis
    6.4. MONSANTO COMPANY
    6.4.1. Company synopsis
    6.4.2. Company snapshot
    6.4.3. Business overview
    6.4.4. Strategic analysis
    6.5. DICKEY-JOHN
    6.5.1. Company synopsis
    6.5.2. Company snapshot
    6.5.3. Business overview
    6.5.4. Strategic analysis
    6.6. AGSMARTS, INC.
    6.6.1. Company synopsis
    6.6.2. Company snapshot
    6.6.3. Business overview
    6.6.4. Strategic analysis
    6.7. AG LEADER TECHNOLOGY
    6.7.1. Company synopsis
    6.7.2. Company snapshot
    6.7.3. Business overview
    6.7.4. Strategic analysis
    6.8. DEERE & COMPANY
    6.8.1. Company synopsis
    6.8.2. Company snapshot
    6.8.3. Business overview
    6.8.4. Strategic analysis
    6.9. TRIMBLE INC.
    6.9.1. Company synopsis
    6.9.2. Company snapshot
    6.9.3. Business overview
    6.9.4. Strategic analysis
    6.10. AGSENSE, LLC.
    6.10.1. Company synopsis
    6.10.2. Company snapshot
    6.10.3. Business overview
    6.10.4. Strategic analysis

    LIST OF TABLES

    TABLE NO 1. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 2. GLOBAL PRECISION AGRICULTURE GIS MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 3. GLOBAL PRECISION AGRICULTURE TELEMATICS MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 4. GLOBAL PRECISION AGRICULTURE VRT MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 5. GLOBAL PRECISION AGRICULTURE GPS MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 6. GLOBAL PRECISION AGRICULTURE REMOTE SENSING MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 7. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY COMPONENT TYPE,2016-2024($MILLION)
    TABLE NO 8. GLOBAL PRECISION AGRICULTURE HARDWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 9. GLOBAL PRECISION AGRICULTURE HARDWARE MARKET REVENUE BY TYPE,2016-2024($MILLION)
    TABLE NO 10. GLOBAL PRECISION AGRICULTURE SENSOR HARDWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 11. GLOBAL PRECISION AGRICULTURE DRONES MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 12. GLOBAL PRECISION AGRICULTURE AUTOMATED STEERING SYSTEM MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 13. GLOBAL PRECISION AGRICULTURE RADAR MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 14. GLOBAL PRECISION AGRICULTURE GPS MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 15. GLOBAL OTHERS PRECISION AGRICULTURE HARDWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 16. GLOBAL SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 17. GLOBAL SOFTWARE MARKET REVENUE BY TYPE,2016-2024($MILLION)
    TABLE NO 18. GLOBAL PRECISION AGRICULTURE GIS MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 19. GLOBAL PRECISION AGRICULTURE CROP MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 20. GLOBAL PRECISION AGRICULTURE WEATHER TRACKING SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 21. GLOBAL PRECISION AGRICULTURE INVENTORY MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 22. GLOBAL PRECISION AGRICULTURE PEOPLE MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 23. GLOBAL PRECISION AGRICULTURE FINANCIAL MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 24. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY GEOGRAPHY,2016-2024($MILLION)
    TABLE NO 25. NORTH AMERICA PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 26. NORTH AMERICA PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    TABLE NO 27. NORTH AMERICA PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)
    TABLE NO 28. EUROPE PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 29. EUROPE PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    TABLE NO 30. EUROPE PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)
    TABLE NO 31. APAC PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 32. APAC PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    TABLE NO 33. APAC PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)
    TABLE NO 34. ROW PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 35. ROW PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    TABLE NO 36. ROW PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)

    LIST OF FIGURES

    FIGURE NO 1. VALUE CHAIN ANALYSIS
    FIGURE NO 2. FIVE FORCES ANALYSIS
    FIGURE NO 3. MARKET SHARE ANALYSIS
    FIGURE NO 4. INVESTMENT OPPORTUNITIES
    FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
    FIGURE NO 6. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 7. GLOBAL PRECISION AGRICULTURE GIS MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 8. GLOBAL PRECISION AGRICULTURE TELEMATICS MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 9. GLOBAL PRECISION AGRICULTURE VRT MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 10. GLOBAL PRECISION AGRICULTURE GPS MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 11. GLOBAL PRECISION AGRICULTURE REMOTE SENSING MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 12. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY COMPONENT TYPE,2016-2024($MILLION)
    FIGURE NO 13. GLOBAL PRECISION AGRICULTURE HARDWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 14. GLOBAL PRECISION AGRICULTURE HARDWARE MARKET REVENUE BY TYPE,2016-2024($MILLION)
    FIGURE NO 15. GLOBAL PRECISION AGRICULTURE SENSOR HARDWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 16. GLOBAL PRECISION AGRICULTURE DRONES MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 17. GLOBAL PRECISION AGRICULTURE AUTOMATED STEERING SYSTEM MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 18. GLOBAL PRECISION AGRICULTURE RADAR MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 19. GLOBAL PRECISION AGRICULTURE GPS MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 20. GLOBAL OTHERS PRECISION AGRICULTURE HARDWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 21. GLOBAL SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 22. GLOBAL SOFTWARE MARKET REVENUE BY TYPE,2016-2024($MILLION)
    FIGURE NO 23. GLOBAL PRECISION AGRICULTURE GIS MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 24. GLOBAL PRECISION AGRICULTURE CROP MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 25. GLOBAL PRECISION AGRICULTURE WEATHER TRACKING SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 26. GLOBAL PRECISION AGRICULTURE INVENTORY MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 27. GLOBAL PRECISION AGRICULTURE PEOPLE MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 28. GLOBAL PRECISION AGRICULTURE FINANCIAL MANAGEMENT SOFTWARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 29. GLOBAL PRECISION AGRICULTURE MARKET REVENUE BY GEOGRAPHY,2016-2024($MILLION)
    FIGURE NO 30. NORTH AMERICA PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 31. NORTH AMERICA PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    FIGURE NO 32. NORTH AMERICA PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)
    FIGURE NO 33. EUROPE PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 34. EUROPE PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    FIGURE NO 35. EUROPE PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)
    FIGURE NO 36. APAC PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 37. APAC PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    FIGURE NO 38. APAC PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)
    FIGURE NO 39. ROW PRECISION AGRICULTURE MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 40. ROW PRECISION AGRICULTURE MARKET REVENUE BY HARDWARE,2016-2024($MILLION)
    FIGURE NO 41. ROW PRECISION AGRICULTURE MARKET REVENUE BY SOFTWARE,2016-2024($MILLION)

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  • • Agco Corporation
    • Cropx
    • Cropmetrics LLC
    • Monsanto
    • Dickey-John
    • Agsmarts Inc.
    • AG leader technology
    • Deere & Company
    • Trimble Inc.
    • Agsense LLC

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What Information does this report contain?

• What was the market size of the Global Precision Agriculture Market in 2016 and the expected market size by 2024, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2016 – 2024)?
• Which are the leading companies in the Global Precision Agriculture Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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