Precision Agriculture Systems & Services
The Precision Agriculture Systems and Services industry is expected to grow strongly over the five years to 2018. Due to increasing demand from crop farmers who have pushed to maximize productive efficiencies to meet growing global demand, industry growth has been strong during the five-year period. However, major players have exhibited depressed sales volumes in recent years, primarily due to low commodity prices and farm incomes. Over the five years to 2023, the industry is expected to undergo powerful growth. The reluctance or inability of some farmers to grasp the concepts behind precision agriculture and its technologies will continue to inhibit adoption, but less so in the coming years. Farmers are expected to increasingly accept precision agriculture as broadband and mobile technologies further penetrate rural areas.
Precision agriculture systems and services include software development, testing applications and consulting activities that gather, track and analyze agricultural data, usually in conjunction with other systems such as harvesting or field-input machinery. Software and related systems may be packaged as individual units for sale to downstream markets or integrated into third-party products such as farm machinery.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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