DALLAS, July 27, 2014 /PRNewswire-iReach/ -- The growth of precision farming market is expected to be remarkable, and is estimated to reach $3721.27 million by 2018, at an estimated CAGR of 13.36% from 2013 to 2018. The global population is expected to rise up to, nearly, 7.5 billion by the year 2020, and the ability to manage and tackle the ever increasing demand for food would, in all likelihood, continue to plague the world. Global warming continues to be an influential deciding factor in determining agriculture productivity, as well as the soil properties, and sustainability of natural resources. The effect of climate change on agriculture is related to variability in local climates rather than the global climate patterns. All these concerns marked the way for the entry of the new world of agriculture management practices. Precision farming can significantly reduce the amount of nutrient and other crop inputs used while boosting yields. Farmers, thus, obtain a return on their investment by saving on phytosanitory and fertilizer costs. The second large- scale benefit of targeting inputs in spatial, temporal and qualitative terms reduce concerns of environmental impacts. Complete report available at - http://www.reportsnreports.com/reports/268230-precision-farming-market-by-technology-gps-gnss-gis-remote-sensing-vrt-components-automation-control-sensors-fms-applications-yield-monitoring-vra-mapping-soil-monitoring-scouting-global-forecast-analysis-2013-2018-.html .
The major drivers for this market are augmented yield & profitability, which are the major contributing factors for farmers to go for precision farming; other drivers like energy & cost saving, and government assistance have also been contributing to the market growth. Major restraints like high initial investments, and lack of awareness and their impact analysis are also covered under this study. North America, currently, leads the market share for precision farming as this region has the maximum adoption. APAC is the emerging market for precision framing and has been enjoying the highest growth rate among all the geographic regions. It is believed that the APAC market will grow at a CAGR of 25.16% from 2013 to 2018.
The report covers all the technologies, components, and applications of precision farming; it provides a detailed analysis of the current market scenario and estimation for the next five years. Major applications like field mapping and yield monitoring are driving the market. Moreover, the market is driven, furthermore, by some of the most important technologies like Global Positioning System (GPS) and variable rate technologies. This market is already progressing well in developed countries, and it is also expected to grow well even in the developing nations as a result of their ever growing food demands.
Companies like Ag Business & Crop Inc., Ag Leader Technology, Ag-Nav Inc., Agco Corporation, Agjunction Inc., Agri Con Gmbh, American Sensor Technologies Inc., Autofarm, Automata Inc., Deere & Company, Dickey-John Corporation, Echelon Ag Inc., Jain Irrigation Systems Ltd., Omnistar, Planting Inc., Precisionagriculture.Com.Au, Raven Industries Inc., Soyl Precision Farming, Teejet Technologies, The Toro Company, Topcon Precision Agriculture & Trimble Navigation Limited are profiled in this research available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=268230 .
This report profiles companies which are major players, and are active in this market. The report presents the 'competitive landscape of the players' that covers key growth strategies followed by all the major players.
Table of Contents
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.5 Research Methodology
2 Executive Summary
3 Cover Story
4 Market Overview
4.1.1 Benefits Of Precision Farming
4.2 Market Definition
4.3 Evolution Of Precision Farming
4.4 Precision Farming Life Cycle Analysis
4.5 Value Chain Analysis
4.6 Market Dynamics
4.7 Burning Issue
4.8 Winning Imperative
4.9 Porter's Five Forces Analysis
5 Global Precision Farming Market By Technology
5.2 Guidance Systems
5.3 Remote Sensing
5.4 Variable Rate Technology (VRT)
6 Global Precision Farming Market By Hardware & Software Components
6.2 Automation & Control Systems
6.3 Sensing & Monitoring Devices
6.4 Farm Management System
7 Precision Farming Marketby Application
7.2 Yield Monitoring
7.3 Variable Rate Application
7.4 Field Mapping
7.5 Soil Monitoring
7.6 Crop Scouting
8 Global Precision Farming Market By Geography
8.5 Rest Of The World
9 Competitive Landscape
9.1.1 Market Shares
9.2 Competitive Situation & Trends
10 Company Profile (Overview, Products And Services, Financials, Strategy & Development)*
10.1 Ag Business & Crop Inc.
10.2 Ag Leader Technology
10.3 Ag-Nav Inc.
10.4 Agco Corporation
10.5 Agjunction Inc.
10.6 Agri Con Gmbh
10.7 American Sensor Technologies Inc.
10.9 Automata Inc.
10.10 Deere & Company
10.11 Dickey-John Corporation
10.12 Echelon Ag Inc.
10.13 Jain Irrigation Systems Ltd.
10.15 Precision Planting Inc.
10.17 Raven Industries Inc.
10.18 Soyl Precision Farming
10.19 Teejet Technologies
10.20 The Toro Company
10.21 Topcon Precision Agriculture
10.22 Trimble Navigation Limited
Priced at US$ 4650 for a single user PDF license, request a discount on this research at http://www.reportsnreports.com/contacts/Discount.aspx?name=268230 .
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Explore more reports on the Semiconductor and Electronicsmarket at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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