Precision agriculture is also known as satellite agriculture, precision ag or precision farming, as-needed farming, and site-specific crop management. The site-specific crop management is a farming management theory based on measuring, responding, and observing to plant and intra-field variability in the crop.
Precision agriculture is used for transforming agricultural extension in emerging countries using the latest available technologies and research methods. The goal of precision agriculture is to ensure sustainability, protection, and profitability of the environment.
Precision agriculture relies upon specific equipment, IT services, and software. Predictive analytics software uses the data to help with guidance about soil management, optimal planting times, a crop rotation, and harvesting times.
Precision Agriculture Market: Drivers
Precision agriculture has a variety of technology opportunities that improves farming operation, from drones to climate monitoring systems.
Rapid use of IoT in agriculture sector is providing to the growth of the precision farming market. These technologies can be the Internet of Things, mobile phones, artificial intelligence, and the use of data by farmers.
The adoption of various technologies in precision agriculture are electromagnetic, photo electricity, remote sensing data, ultrasounds, and conductivity are used to structure, texture measures temperature, etc. Sensor technology use has been widely reported to provide information on water status/plant fertility and soil properties.
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Precision Agriculture Market: Competition Landscape
Some of the prominent players manufacturing precision agriculture are Fuse Technologies, IBM, Grownetics Inc., Fairport Farm Software, Agribotix, Case IH Agriculture, Farmers Edge Inc., Bayer CropScience AG, ClearAg Operations, Deere & Company, MapShots Inc., SST Software, Raven Industries, Conservis Corporation, and Granular AG.
Precision Agriculture Market: Regional overview
Based on the region, the trends of the precision agriculture market fluctuate across various geographical regions. The precision agriculture market includes a leading share in many countries of Asia-Pacific, North America, and the rest of the world.
North America has been noticed to receive the major share of the precision agriculture market due to the increasing adoption of the high-level agricultural equipment and solutions like steering, farm management software, guidance systems, and sensors.
The USA leads the market in this region due to the presence of many critical manufactures of high technologies awareness among people precision agriculture high technologies in the region. The European market quietly proceeds with significant growth opportunities for precision agriculture technologies in the Eastern Europe region.
Presence of essential agricultural producing countries, such as Indonesia, India, China, Argentina, and Brazil in this region is expected to boost the market for advanced agricultural techniques.
The Precision Agriculture market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
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Precision Agriculture Market: Segmentation
The precision agriculture market has been segmented on the basis of technology type, component, application, and region.
The Precision Agriculture market is segmented on the basis of Technology type:
- Remote Sensing
- Global Positioning System (GPS)
- Variable Rate Technology (VRT)
- Geographic Information System (GIS)
The Precision Agriculture market is segmented on the basis of Component:
- Software
- Hardware
- Services
The Precision Agriculture market is segmented on the basis of Application:
- Yield Monitoring
- Soil Monitoring
- Crop Health Measurements
- Seed and Fertilizer Management
- Farm Labor Management
- Field Mapping
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