Precision Agriculture Market Value with Status and Outlook 2023 to 2029

****Everything You Need to Know About Precision Agriculture everything is Here....!

The Comprehensive study on Precision Agriculture Market includes historical data as well as share, size, and projection information for the major players, geographies, applications, and product categories for the years 2023 to 2029. The Market study includes comprehensive insights on the competitive environment, description, broad product portfolio of key players, SWOT analysis, and significant business strategy implemented by rivals, revenue, Porters Five Forces Analysis, and sales projections. The report also features an impact analysis of the market dynamics, highlighting the factors currently driving and limiting market growth, and the impact they could have on the short, medium, and long-term outlook. The main goal of the paper is to further illustrate how the latest scenario, the economic slowdown, and war events affect the market for Precision Agriculture.

Precision Agriculture Market is growing at a +10.8% CAGR during the forecast period 2023-2029. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market.

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The Top Key Players profiled in the report:

Deere & Company, Trimble Agriculture, CropX, Valmont Industries, AGCO Corporation, Dickey-John Corporation, Monsanto Company, Ag Leader Technology, AgJunction, CNH Industrial, Raven Industries, Proagrica, TeeJet Technologies, Topcon Positioning Systems

Industry News:

In July 2023, Deere & Company acquired Smart Apply, Inc. (US), a precision spraying equipment company. The acquisition aims to strengthen the emphasis on high-value crop customers and dealers, while also broadening the range of solutions available to assist growers in tackling their primary concerns regarding labor, input costs, and regulatory compliance.

In April 2023, AGCO Corporation revealed its partnership with Bosch BASF Smart Farming to introduce and market Smart Spraying technology on Fendt Rogator sprayers. Furthermore, both companies will collaborate to develop additional innovative features.

In August 2022, Trimble Inc. and CLAAS entered a strategic alliance to develop an advanced precision farming system for CLAAS tractors collaboratively, combines, and forage harvesters. The precision farming system comprises the cutting-edge CLAAS CEMIS 1200 smart display, GPS PILOT steering system, and the SAT 900 GNSS receiver. Within this system, the CEMIS display leverages Trimble's latest embedded modular software architecture, facilitating precise positioning, steering, and seamless connectivity to control and monitor implements in the field using ISOBUS technology.

In August 2022, Trimble Inc. entered into a definitive agreement to acquire Bilberry, a privately held French technology company known for its expertise in selective spraying systems for sustainable agriculture. Bilberry is at the forefront of using artificial intelligence (AI) technology to identify various weed species in real-time across a wide range of crops. This strategic acquisition will enhance Trimble's crop protection portfolio by incorporating green-on-green selective spraying capabilities and will further bolster their efforts in developing autonomous agricultural solutions.

Precision Agriculture Market Segmentation:

The major types of market are:

Guidance System

Remote Sensing

Variable-Rate Technology

Others

The major applications in the market are:

Agricultural Cooperatives

Farmland & Farms

Others

Based on geography, the global market for Precision Agriculture and Disruptions has been segmented as follows:

North America - USA, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain
South America - Brazil, Colombia, Argentina, Chile
Asia Pacific includes Japan, China, Korea, India and Southeast Asia.

Asia-Pacific to Experience Significant Market Growth

The region is anticipated to witness significant growth over the forecasted period in the studied market, primarily due to government initiatives in developing countries to encourage the implementation of modern precision farming technologies, thereby maximizing productivity. In 2022, the Government of India planned to launch Kisan Drones for crop assessment, digitization of land records, and spraying insecticides and nutrients. According to IBEF, India's agricultural and processed food products exports stood at USD 9,598 million in FY23 (April-July 2022), up by 30% year on year.

According to IBEF, the processed food market in India is expected to grow to INR 3,451,352.5 crore (USD 470 billion) by 2025, from INR 1,931,288.7 crore (USD 263 billion) recently on the back of government initiatives such as planned infrastructure worth USD 1 trillion and Pradhan Mantri Kisan Sampada Yojana.

According to the UN's Food and Agriculture Organization (FAO), more than 80% of the food consumed in sub-Saharan Africa and Asia is grown by smallholder farmers. Growing global demand from food processors and consumers for accountability for the entire product lifecycle is developing new access opportunities for smallholder farmers. Precision application of crop protection solutions is changing the agriculture sector in Asia. According to the German-based company Jebagro GmbH, its Myanmar subsidiary applies almost half of its pesticide products with UAVs.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Precision Agriculture
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the Precision Agriculture market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Precision Agriculture

Strategic Points Covered in Precision Agriculture Market Directory:

To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2029.
To understand the structure of market by identifying its various sub segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the growth trends, future prospects, and their contribution to the total market.
To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents:

Global Precision Agriculture Market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Production, Revenue (Value), Price Trend by Type
Global Precision Agriculture Market Analysis by Application
Cost Analysis -Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Precision Agriculture Market Forecast

Some of the key questions scrutinized in the study are:

Which companies are expanding litanies of products with the aim to diversify product portfolio?
Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Precision Agriculture market?
Which companies have expanded their horizons by engaging in long-term societal considerations?
Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
What are the marketing programs for some of the recent product launches?

Reasons for buying this report:

It offers an analysis of changing competitive scenario.
For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
It offers seven-year assessment of Precision Agriculture Market.
It helps in understanding the major key product segments.
Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
It offers regional analysis of Precision Agriculture Market along with business profiles of several stakeholders.
It offers massive data about trending factors that will influence the progress of the Precision Agriculture Market.

In the end, the Precision Agriculture Market report includes investment come analysis and development trend analysis. The present and future opportunities of the fastest growing international industry segments are coated throughout this report. This report additionally presents product specification, manufacturing method, and product cost structure, and price structure.

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We offer customization on the Precision Agriculture market report based on specific client requirements:

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Thank you for your interest in the Precision Agriculture Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia……

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