Market Overview

Global Precision Agriculture Market 2018-2022 | 14% CAGR Projection Over the Next Four Years | Technavio

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The global precision agriculture market 2018-2022 is expected to post a
CAGR of close to 14% during the forecast period, according to the latest
market research report by Technavio.

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Technavio has published a new market research report on the global precision agriculture market from ...

Technavio has published a new market research report on the global precision agriculture market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the focus on increasing
agricultural output. Precision agriculture technologies like VRT provide
farmers with detailed information on qualitative and quantitative inputs
required for an agricultural area. This allows a farmer to plan farm
activities in accordance with the expected yield and optimize on both
time and resources. Similarly, precision agriculture uses GPS/GNSS and
wide area augmentation system (WAAS) to obtain real-time location
service that allows the use of a right amount of resources such as
fertilizer, water, and other nutrients.

This market research report on the global
precision agriculture market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the technological advances in
precision agriculture as one of the key emerging trends in the global
precision agriculture market:

Global precision agriculture market:
Technological advances in precision agriculture

Technologies like telematics, robotics, and nanotechnology are
groundbreaking technologies in the global agricultural sector, and
enable better decision making among farmers. Advanced technologies are
being used to reduce input and increase the yield from an agricultural
field. The benefits of using advanced technology include soil
management, site management, fertilizer application, crop protection and
pet management, and microbial safety.

"Among these advanced technologies, one such technology is
nanotechnology. Nanotechnology provides various benefits to agriculture.
Nanocapsules can be used to deliver pesticides, fertilizers, growth
hormones, and other enzymes. Nanosensors are used to monitor soil
conditions, crop growth, and to detect animal and plant pathogens. In
addition, Nano chips and Nanoparticles are also being used in the
agricultural industry,"
says a senior analyst at Technavio for
research on agricultural equipment.

Global precision agriculture market:
Segmentation analysis

This market research report segments the global precision agriculture
market by technology (GIS, telematics, GPS, VRT, and remote sensing), by
product (hardware and software & services), and geographical regions
(APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of close to 48%,
followed by APAC and EMEA respectively. However, during the forecast
period, the market share of APAC is expected to grow significantly due
to the increasing adoption of precision agriculture in countries like
India, China, and Japan. These countries have undertaken various
initiatives to improve agricultural productivity and thereby food
security.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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