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Crop Monitoring Technology in Precision Farming Market 2019 is Expected to Surge with 13.14% CAGR by 2023 | Consumer research, Market Size & Growth, Report Covering Major Key Points Like – Business outlook, Key players

Crop Monitoring Technology in Precision Farming

Global Crop Monitoring Technology in Precision Farming Market 2019-2023 released by 360 Research Reports considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Crop Monitoring Technology in Precision Farming market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.

Top-Listed Players mentioned in Crop Monitoring Technology in Precision Farming Market Research Report 2019-2023:

  • AGCO Corporation
  • AG Junction Inc.
  • John Deere
  • Dickey-john Corporation
  • Teejet Technologies Illinois LLC
  • Raven Industries Inc.
  • Lindsay Corporation
  • Monsanto Company
  • Valmont Industries Inc.
  • Yara International ASA
  • Topcon Precision Agriculture
  • Trimble Navigation Limited
  • E. I. Du Pont De Nemours And Company (Dupont)
  • Land O’lakes Inc.
  • BASF SE

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Overview of Crop Monitoring Technology in Precision Farming Market Report:

Crop Monitoring Technology in Precision Farming Market is expected to register a CAGR of 13.14%, during the forecast period (2018-2023). The scope of the report is limited to Solutions offered by major players, which include Content Management, Case Management, Workflow Management, Record Management, and Digital Asset Management.

Over the last two decades, PF (precision farming) has successfully made the transition from being an academic research topic to a highly beneficial practice in the field of agriculture. Around 70-80% of the new equipment purchases have been deemed to contain some form of PF tools. PF practices can be better analyzed as a cyclical approach rather than a sequential one (as depicted in the adjacent pictorial representation).

Growing Demand for Food Products around the World Emphasizes the Need for Crop Protection in Precision Farming

According to a survey conducted by the UN DESA organization, the world population is expected to grow from around 7.35 billion in 2015 to 8.3 billion in 2030. The growth, in addition to rising disposable incomes, has contributed to the sustained rise in demand for food across the globe. The farming community is coming under severe pressure to meet the growing demand for food. The demand can be met by either increasing agricultural land, or by making optimal use of the available agricultural land. Farmers in developed countries are increasingly veering toward “sustainable intensification”, which advocates the use of precision farming techniques and tools to optimize crop productions. The methods have been met with success in developing markets, such as Latin America and Africa. The use of PF tools can be instrumental to mitigating the negative environmental impacts, such as over-utilization and the depletion of ground water. Large-scale institutional investors in the developing regions have made concrete commitments to assist the farming community in a bid to address the supply-demand problem.

Yield Monitoring is One of the Primary Aspects for Crop Monitoring in Precision Farming

By means of yield monitoring, farmers can be aware of the geo-referenced information about their agriculture fields, which helps in understanding underlying potential threats. Yield monitoring systems enable farmers to export the field and crop information to personal computing devices and make the data available in various formats (equipment displays, printed, at-home devices, etc.). In the developed countries, yield monitoring was introduced in the early 1990’s and modern agriculture has been considering it as a conventional farming practice. As the technology has been evolving since its inception, yield monitoring is increasingly becoming critical for making the best usage of geo-spatial technologies and site-specific crop management practices.

United States is One of the Prime Markets for the Ar & Mr Technology

It is estimated that only 20% of the total acreage in the United States and 58% of the producers implement precision agricultural technologies. AgLeader, Agri-vision, Blue River Technologies, Crop Venture Incorporated, Farm Works, and Holland Scientifics are some of the precision agriculture companies based in the United States. The Federal Aviation Administration (FAA) has laid out its restrictions toward the flying of drones; but as per their new rules passed in 2016, drones for commercial purposes, weighing up to 55 lb. can be used in the United States during daylight hours. This is seen as a big boost for the use of drone technology in agriculture, and the use of drone in forecast period will grow rapidly due to these rules by FAA.

The major players include – AGCO CORPORATION, AG JUNCTION INC., JOHN DEERE, DICKEY-JOHN CORPORATION, TEEJET TECHNOLOGIES ILLINOIS LLC, RAVEN INDUSTRIES INC., LINDSAY CORPORATION, MONSANTO COMPANY, VALMONT INDUSTRIES INC., YARA INTERNATIONAL ASA, TOPCON PRECISION AGRICULTURE, TRIMBLE NAVIGATION LIMITED, E. I. DU PONT DE NEMOURS AND COMPANY (DUPONT), LAND O’LAKES INC., and BASF SE, amongst others.

Key questions answered in this report

  • What will be the Market size in 2024 and what will be the growth rate?
  • What are the key factors driving the global Crop Monitoring Technology in Precision Farming Market?
  • Who are the key vendors in this Crop Monitoring Technology in Precision Farming Market space?
  • What are the challenges to Market growth?
  • What are the Crop Monitoring Technology in Precision Farming Market opportunities and threats faced by the vendors in the global Crop Monitoring Technology in Precision Farming industry?
  • What are the strengths and weaknesses of the key vendors?
  • What are sales, revenue, and price analysis by types and applications of Crop Monitoring Technology in Precision Farming Market?
  • What are sales, revenue, and price analysis by regions of Crop Monitoring Technology in Precision Farming industry?

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Reasons to Purchase this Report

  • Growing demand for food products acts as a driver to the global Crop Management Technology in Precision Farming market scenario
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The type of application that is expected to dominate the market is analyzed in detail
  • The regions that are expected to witness fastest growth during the forecast period are analyzed and estimated for growth
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet

    Our report offers:

    • Market share assessments for the regional and country level segments.
    • Market share analysis of the top industry players.
    • Strategic recommendations for the new entrants.
    • Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets.
    • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
    • Strategic recommendations in key business segments based on market estimations.
      Competitive landscaping mapping the key common trends.
    • Company profiling with detailed strategies, financials, and recent developments.
      Supply chain trends mapping the latest technological advancements.

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    Top Most Regions Covered In Crop Monitoring Technology in Precision Farming Market Research Report 2019-2023:

    • United States
    • Canada
    • Mexico
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • GCC
    • South Africa
    • Brazil
    • Argentina

    Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.

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