United states Precision farming market to retain the top spot in terms of regional growth

North America Precision farming market led by U.S. based farmers is driving the growth of Large scale adoption of advanced farming solutions such as soil mapping, yield mapping, Variable Rate Technologies (VRT) and guidance and steering systems. North America held a major share of the global Precision Farming industry in 2016 and is expected to maintain this dominance over the forecast timeline between 2017 and 2024. Asia Pacific precision farming market is expected to exhibit fastest growth over the forecast period with a CAGR of over 19% between 2017 and 2024.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • AG Leader Technology
  • AGCO Corporation
  • AgJunction LLC
  • Agribotix LLC
  • AgSense LLC
  • AgSmarts Inc.
  • Boumatic LLC
  • CropMetrics LLC
  • CropX Inc.
  • Deere & Company
  • Delaval Corporation
  • Dickey-John Corporation
  • Farmers Edge Inc.
  • GEA Group AG
  • Monsanto Company
  • Precision Planting Inc.
  • Raven Industries
  • Topcon Positioning System Inc.
  • Trimble Navigation Limited

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Technological advancements such as the GPS modernization program to strengthen the GPS infrastructure are expected to provide traction to the precision farming market growth over the forecast period. Also, advancements in IoT and its adoption for precision agriculture systems to connect office-based farm management systems with field-based machinery are likely to contribute to the market growth during the forecast timeline.

The competition in precision farming Market is primarily characterized by strategic collaborations and acquisitions by key market players to diversify their product portfolio and extend their presence to newer regional markets. As the technology is rapidly advancing with innovations in sensor-based crop sensing solutions and advancements in GPS-enabled location-based capabilities, companies are consistently involved in new product development and upgradation initiatives.

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The players operating in the advanced Precision farming market are focusing on developing advanced sensor-based products which can provide quantitative metrics about the health and yield potential of crops. For instance, March 2017, SLANTRANGE, a provider of remote sensing and in-field analytics, announced the release of their new 3p multispectral sensor system for agricultural drones. The system, immediately after a drone flight, provides quantitative metrics about the crop’s health and enables growers to effectively scale their operations.

Some of the key players operating in the advanced Precision farming market are, Agribotix, LLC, CropX Inc., Trimble Navigation Limited, AGCO Corporation, AgSmarts Inc, Boumatic LLC., , Deere & Company, AgSense LLC, CropMetrics LLC, Dickey-John Corporation, Farmers Edge Inc., Monsanto Company, Delaval Corporation, GEA Group AG, Precision Planting, Topcon Positioning Systems Inc. and Raven Industries Inc.