Market Overview

Global Precision Agriculture Market 2018-2023 -


The "Precision
Agriculture Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023"
report has been added to's

The global precision agriculture market reached a value of US$ 4.8
Billion in 2017.

Precision agriculture is an approach to farm management that uses
specialised equipment to produce more food at a fraction of the cost. It
is also known as satellite agriculture or site-specific crop management
(SSCM) and gives the farmers the ability to use crop inputs, such as
pesticides, tillage and irrigation water, and fertilizers. Precision
agriculture uses GPS, geographical information system (GIS) and remote
sensing (RS) with an objective to improve profitability, productivity,
quality and sustainability of the crops.

The major factors driving the precision agriculture market is the
growing use of cloud-based technology, rising use of smart phones and
the increasing application of technology in farming with the aim of
minimising the human efforts and losses. Additionally, the need to
maximise food production by the optimum use of resources is spurring the
market growth globally.

Further, the government incentives and subsidies towards increasing the
productivity and conserving the environment is expected to catalyse the
demand for precision agriculture. Some of the other factors affecting
the overall growth of the market are changing climatic conditions, rapid
urbanisation and the expanding application of navigation systems.

Owing to these factors, the market value is projected to reach US$ 10.0
Billion by 2023, expanding at a CAGR of 13.1% during 2018-2023.

Market Summary:

  • Based on technology, the market has been segmented as GNSS/GPS
    Systems, GIS, Remote Sensing and Variable Rate Technology (VRT).
  • On the basis of type, automation and control systems currently
    dominate the total market. Automation and control systems are followed
    by sensing and monitoring devices, and farm management systems.
  • Based on component, the market has been segmented into hardware and
    software components.
  • On the basis of application, the market has been segregated as
    mapping, crop scouting, yield monitoring, precision irrigation, soil
    monitoring and others.

The competitive landscape of the market has also been examined
with some of the key players being

  • Agribotix
  • Bayer CropScience AG
  • Case IH Agriculture
  • ClearAg Operations
  • Conservis Corporation
  • Deere & Company
  • Farmers Edge Inc.
  • Fairport Farm Software
  • Fuse Technologies
  • Granular AG
  • Grownetics Inc.
  • IBM
  • Mapshots Inc.
  • Raven Industries
  • SST Software

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Precision Agriculture Market

6 Market Breakup by Technology

7 Market Breakup by Type

8 Market Breakup by Component

9 Market Breakup by Application

10 Market Breakup by Region

11 Competitive Landscape

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