Market Overview

Global $7.3Bn Precision Farming Market Outlook to 2023 - Segmented by Technology, Hardware & Software Components, Application and Region - ResearchAndMarkets.com

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The "Global
Precision Farming Market - Segmented by Technology, Hardware & Software
Components, Application (Yield Monitoring, Soil Monitoring, Mapping,
Crop Scouting) and Region - Growth, Trends, and Forecasts (2018 - 2023)"

report has been added to ResearchAndMarkets.com's
offering.

The Global Precision Farming Market was valued at USD 3.58 billion in
2017, and is expected to reach a value of USD 7.3 billion by 2023, at a
CAGR of 12.61% over the forecast period (2018-2023).

By the end of 2030, PF is touted to become the most influential trend in
agriculture, eclipsing other advancements. Currently, the adoption of PF
practices has largely been uneven, owing to several factors.

The adoption was found to be high, in areas where labor costs are high
and land costs are relatively inexpensive. The skewed nature of adoption
can be attributed to the presence of several exogenous factors, such as
the availability of financial aid and initial effectiveness.

Key Highlights

  • Rising Global Demand for Food Products is Driving the Growth of the
    Market
  • Global Positioning System (GPS)/Global Satellite Navigation System
    (GNSS) Held the Largest Share of the Market in 2017
  • United States Held the Largest Share in the Market

Developments in the Market

  • October 2017 - AGCO entered an agreement with Lely group, to acquire
    its forage division. Lely's industry leading competence in hay and
    forage technology is poised to strengthen AGCO's full-line product
    offerings.
  • May 2017 - The Climate Corporation, a subsidiary of Monsanto Company,
    announced the integration of imagery from innovative aerial imagery
    partners: CeresImaging, TerrAvion, and Agribotix, that will deliver
    valuable, high-resolution imagery to farmers through The Climate
    Corporation's industry-leading Climate FieldView digital agriculture
    platform.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Precision Farming Market - Segmentation

6. Competitive Landscape

7. Competitive Intelligence - Company Profiles

  • AGCO Corporation
  • AG Junction Inc.
  • John Deere Co.
  • Dickey-john Corporation
  • Teejet Technologies Illinois LLC
  • Raven Industries Inc.
  • Lindsay Corporation
  • Monsanto Company
  • Valmont Industries Inc.
  • Topcon Precision Agriculture
  • Trimble Navigation Limited
  • E. I. Du Pont De Nemours and Company (DuPont)
  • Land O'Lakes Inc.
  • BASF SE
  • Yara International AS

8. Investment Analysis

9. Future of the Global Precision Farming Market

For more information about this report visit https://www.researchandmarkets.com/research/9rjc52/global_7_3bn?w=4

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