Precision Agriculture Market Share to Reach $19.72 Billion, Globally, by 2028 with 11.8% of CAGR

The Perception Companions

The worldwide precision agriculture market progress impelled by developing adoption of superior utilized sciences in farming, surge Inside the adoption of smartphones and developing investments in utilized sciences Similar to autonomous tractors, GPS methods, steerage methods, and beneficial authorities initiatives to assist smart farming.

Ny, Jan. 02, 2023 (GLOBE NEWSWIRE) — The Perception Companions revealed latest evaluation research on “Precision Agriculture Market Measurement, Share, Growth, Tendencies and Worldwide Forecast to 2028 – COVID-19 Influence and Worldwide Analysis by Factor (Hardware, Computer software, And restore), Software (Knowledge Administration, Yield Monitoring, Precision Spraying, Precision Irrigation, Precision Planting, Area Monitoring, Precision Fertilization, and Others), and Geography”; The worldwide precision agriculture market size Is predicted to develop from USD 9.02 billion in 2021 to USD 19.72 billion by 2028; It is estimated to develop at a CAGR of 11.8% from 2022 to 2028.

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Worldwide Precision Agriculture Market – Report Scope:

Market Measurement Worth in

USD 9.02 billion in 2021

Market Measurement Worth by

USD 19.72 billion by 2028

Growth price

CAGR of 11.8% from 2022 to 2028

Forecast Interval

2022-2028

Base Yr

2022

No. of Pages

150

Historic data out there

Sure

Segments coated

Factor, Software, and Geography

Regional scope

North America, Europe, Asia Pacific, Center East & Africa, South & Central America

Nation scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Report safety

Income forecast, agency rating, aggressive panorama, progress elements, and trends

Precision Agriculture Market: Competitive Landscape and Key Enchancments

Ag Chief Know-how; AgJunction, Inc.; CropMetrics LLC; Trimble, Inc.; AGCO Company; Raven Industries Inc.; Deere and Company; Topcon Company; Hexagon Agriculture; and CropX Technologies are Amongst The numerous key gamers working Inside the Precision Agriculture market.

Story proceeds

In June 2021: Trimble and HORSCH, A quantity one global producer of revolutionary agricultural technology and trendy options, collabopriced to develop options that allow agricultural autonomy. The primary focus of the collaboration is to create autonomous machines and workflows Which will permit farmers to be extra exact Inside their agricultural actions.

In September 2020: AGRIVI, Definitely one of many global market-main farm management software corporations, launched AGRIVI Precision Area. It is a full precision agriculture application That permits the creation of management zones, empowers farmers with exact-time insights into field circumstances, and currents prescription information for the execution of precision agriculture practices.

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Worldwide Precision Agriculture Market – Regional Scope:

The precision agriculture market is halfed into North America, Europe, Asia Pacific, The middle East & Africa, and South America. North America dominated the market in 2021 and Is predicted to proceed its dominance By way of the forecast period. Elevated authorities initiatives to acceleprice the adoption Of current agriculture utilized sciences and enhanced infrastructure Have gotten primary elements driving the market progress Inside the area. The Nationwide Institute of Meals and Agriculture (NIFA), An element of the US Dehalfment of Agriculture, runs geospatial, sensor, and precision technology tasks Intending to create consciousness for precision agriculture. Subsequently, the demand for precision agriculture Providers proceeds to rise Inside the area, thereby driving market progress.

In Europe, the agriculture sector is closely Counting on a non-national labor strain and requires extreme quantitys of agricultural staff for a restricted period. Subsequently, developing scarcity of laborers throughout the area is anticipated to drive the demand for precision agriculture as a Outcome of it will enhance manufacturing, reduces labor time, and ensures the efficient management of fertilizers and irrigation processes. Furtherextra, There’s developing adoption Of current farming methods in Germany, and most farmers use data assortment methods Similar to GPS-based mostly space measurement, soil sampling, and fertilizing. These elements are propelling the precision agriculture market progress in Europe.

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The precision agriculture market in Asia Pacific is anticipated to develop On The very biggest progress price By way of the forecast period. Because Of accelerating trendyization of agriculture in nations Similar to China, India, and Indonesia, the demand for precision agriculture gear is rising quickly Inside the area. As crop manufacturing Is restricted due to the depletion of pure assets and environmental degradation, farmers are altering their emphasis to primarytainable agriculture practices and implementing an administrative framework To understand full information Regarding the use and upkeep of precision agriculture gear. Subsequently, developing the demand for enhanced crop vitamin and safety accelepriced the adoption of precision agriculture to primarytain progress and enhance productiveness.

Precision Agriculture Market: COVID-19 Overview

As containment measures Inside the wake of COVID-19 pandemic Outcomeed in disruptions Inside The current chain, the precision agriculture market witnessed marginal progress in 2020. The agriculture sector was furtherly affected due to scarcity of laborers, lack of demand for agri-inputs, current chain slowdowns, and altered shopper demand for food. To beat these challenges, agriculture stakeholders deliberate to reinvent actions with precision agriculture utilized sciences to overcome the state of affairs. Companies started Specializing in wi-fi platforms to allow exact-time choice-making concerning yield monitoring, crop well being monitoring, field mapping, harvesting management, and irrigation scheduling. There is an developing set up of IoT models in agriculture farms to optimize irrigation scheduling with lowered labor requirements Inside The sector. In consequence, Pretty A pair of related agricultural models gained traction and are More probably to proceed To Increase the precision agriculture market progress By way of the forecast period.

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Precision Agriculture Market: Factor Overview

The precision agriculture market is halfed into hardware, software, and services. The hardware half dominated the market in 2021. Hardware elements Similar to sensing models, automation and management methods, and drones collectively Help in precision farming. The rising adoption of automation and management models Similar to GPS/GNSS, irrigation managementlers, drones/UAVs, steerage and steering methods, yield screens, and sensors Inside the agriculture enterprise is propelling the hardware half’s progress On the market.

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Precision Farming Computer software Market Forecast to 2028 – COVID-19 Influence and Worldwide Analysis By Type (Native/Internet-Based, Cloud-Based); Software (Crop Administration, Monetary Administration, Inventory Administration, Irrigation Administration, Climate Monitoring and Forecasting, Others) and Geography

Precision Harvesting Market Forecast to 2028 – Covid-19 Influence and Worldwide Analysis – by Product Type (Mix Harvesters, Self-Propelled Forage Harvesters, Harvesting Robots); Software (Crops, Horticulture, Greenhouse); Offering (Hardware, Computer software, Providers) and Geography

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