Market Overview

Global GNSS Devices Market in Agriculture Sector 2018-2022 | Impact of GNSS Devices on Decision-Making in Agriculture | Technavio


analysts forecast the global GNSS devices market in the agriculture
sector to grow at a CAGR of over 18% during the forecast period,
according to their latest market research report.

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Technavio analysts forecast the global GNSS devices market in the agriculture sector to grow at a CA ...

Technavio analysts forecast the global GNSS devices market in the agriculture sector to grow at a CAGR of over 18% by 2022. (Graphic: Business Wire)

The emergence of precision agriculture is one of the major trends being
witnessed in the global
GNSS market in agriculture sector 2018-2022
. Precision
agriculture includes the use of technology to map, monitor, and respond
to variations in crop yields. The use of precision agriculture enables
farmers to obtain data regarding crop health and yield. Precision
agriculture offers an ideal solution through improved automation and
precise control of farming operations.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global GNSS devices market in the agriculture sector
is the increasing need to optimize crop inputs:

Global GNSS market in agriculture sector:
Increasing need to optimize crop inputs

Lower yields and expanding population require an increase in agriculture
productivity. This, in turn, requires the optimization of agricultural
inputs along with the adoption of technical devices that can overcome
the challenges faced by farmers. By integrating GNSS devices such as
receivers, antennas, and base stations into the agricultural machinery,
farmers can maximize the yield by knowing the exact requirement for the
crop growth.

According to a senior analyst at Technavio, "GNSS devices enable
farmers to create a drive map and aid them to reduce any overlaps and
gaps in different agriculture operations. Therefore, the accurate
mapping and system control ensured by GNSS devices aid in optimizing
agricultural inputs."

Global GNSS market in agriculture sector:
Segmentation analysis

The global GNSS devices market in agriculture sector research report
provides market segmentation by the application (tractor guidance, auto
steering, VRT, and asset management), and by region (the Americas, EMEA,
and APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the four major applications, the tractor guidance segment held the
largest market share in 2017, contributing close to 41% of the market.
This application segment will dominate the global market throughout the
forecast period due to the increase in the number of tractors equipped
with GNSS devices in various regions.

The Americas held the largest share of the market in 2017, accounting
for close to 54% share. It was followed by APAC and EMEA respectively.
The Americas held the highest market share due to the region's
technologically advanced agriculture sector that has a large installed
base of GNSS devices.

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