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Global GNSS Devices Market in Agriculture Sector 2018-2022

Global GNSS Devices Market in Agriculture Sector 2018-2022

About this market

With the economic benefits of auto-steering systems, there is a growing demand for GNSS-based auto steering systems. GNSS-based auto steering systems are gaining high traction in the market as they ensure that the agricultural machinery makes less emissions or repeated passes during its operation due to poor visibility. The use of GNSS-based auto steering allows farmers to determine geographic coordinates accurately, which is essential to ensure the optimum performance of agricultural machinery in the field. Moreover, GNSS-based auto steering systems do not require new, fully integrated machinery as they can be installed as standalone systems in any machinery, which will contribute to growth in demand for auto steering in the coming few years. Technavio’s analysts have predicted that the GNSS devices market in agricultural sector will register a CAGR of over 18% by 2022.Market Overview

Increasing need to optimize crop inputs

Lower yields and expanding population require an increase in agricultural productivity, which, in turn, requires optimization of agricultural inputs along with the adoption of technical devices that can overcome the challenges faced by the farmers. The use of GNSS devices can ensure precision point positioning (PPP) in farms as it helps in reducing the timeframe of farming operations and provides significant economic benefits such as reduction in fuel consumption and labor.

Lack of awareness about modern software and tools

One of the major challenges for the growth of the global GNSS devices market in agricultural sector is the technological and social background of the farmers, as they might lack the knowledge about the use of advanced technology, which results to reduction in farming output.

For the detailed list of factors that will drive and challenge the growth of the GNSS devices market in agricultural sector during the 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of a few established companies including Deere & Company and Hemisphere GNSS, the market is expected to turn reasonably concentrated in the next five years. Factors such as the growing demand for GNSS-based auto steering systems and increasing need to optimize crop inputs, will provide considerable growth opportunities to GNSS device manufacturers. Deere & Company, Hemisphere GNSS, HEXAGON, Septentrio, TOPCON, and Trimble are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report - Global GNSS Devices Market in Agriculture Sector 2018-2022

Technavio recognizes the following companies as the key players in the global GNSS devices market in agriculture sector: Deere & Company, Hemisphere GNSS, HEXAGON, Septentrio, TOPCON, and Trimble.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing demand for auto-steering systems in agriculture. GNSS-based auto steering systems are gaining high traction in the market as they ensure that the agricultural machinery makes less emissions or repeated passes during its operation due to poor visibility.”

According to the report, one driver influencing this market is the rise in need to optimize agriculture inputs. Lower yields and expanding population require an increase in agricultural productivity, which, in turn, requires optimization of agricultural inputs along with the adoption of technical devices that can overcome the challenges faced by the farmers.

Further, the report states that one challenge affecting this market is the lack of awareness about modern software and tools. One of the major challenges for the growth of the global GNSS devices market in agricultural sector is the technological and social background of the farmers, as they might lack the knowledge about the use of advanced technology, which results to reduction in farming output.

Companies Mentioned

Deere & Company

Hemisphere GNSS

HEXAGON

Septentrio

TOPCON

Trimble

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global precision agriculture market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global – Market size and forecast 2017-2022 ($ mn)
      • Table Global – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Tractor guidance – Market size and forecast 2017- 2022
      • Table Tractor guidance – Market size and forecast 2017-2022 ($ mn)
      • Table Tractor guidance – Year-over-year growth 2018-2022 (%)
    • Auto steering – Market size and forecast 2017- 2022
      • Table Auto steering – Market size and forecast 2017-2022 ($ mn)
      • Table Auto steering – Year-over-year growth 2018-2022 (%)
    • VRT – Market size and forecast 2017-2022
      • Table VRT – Market size and forecast 2017-2022 ($ mn)
      • Table VRT – Year-over-year growth 2018-2022 (%)
    • Asset management – Market size and forecast 2017-2022
      • Table Asset management – Market size and forecast 2017-2022 ($ mn)
      • Table Asset management – Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ mn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ mn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ mn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing demand for auto-steering systems in agriculture
    • Emergence of precision agriculture
    • Introduction of new GNSS devices in the agriculture sector
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Deere & Company
      • Table Deere & Company – Overview
      • Table Deere & Company – Business segments
      • Table Deere & Company – Organizational developments
      • Table Deere & Company – Geographic focus
      • Table Deere & Company – Segment focus
      • Table Deere & Company – Key offerings
      • Table Deere & Company – Key customers
    • Hemisphere GNSS
      • Table Hemisphere GNSS – Overview
      • Table Hemisphere GNSS – Product segments
      • Table Hemisphere GNSS – Organizational developments
      • Table Hemisphere GNSS – Key offerings
      • Table Hemisphere GNSS – Key customers
    • HEXAGON
      • Table HEXAGON – Overview
      • Table HEXAGON – Business segments
      • Table HEXAGON – Organizational developments
      • Table HEXAGON – Geographic focus
      • Table HEXAGON – Segment focus
      • Table HEXAGON – Key offerings
      • Table HEXAGON – Key customers
    • Septentrio
      • Table Septentrio – Overview
      • Table Septentrio – Product segments
      • Table Septentrio – Organizational developments
      • Table Septentrio – Key offerings
      • Table Septentrio – Key customers
    • TOPCON
      • Table TOPCON – Overview
      • Table TOPCON – Business segments
      • Table TOPCON – Organizational developments
      • Table TOPCON – Geographic focus
      • Table TOPCON – Segment focus
      • Table TOPCON – Key offerings
      • Table TOPCON – Key customers
    • Trimble
      • Table Trimble – Overview
      • Table Trimble – Business segments
      • Table Trimble – Organizational developments
      • Table Trimble – Geographic focus
      • Table Trimble – Segment focus
      • Table Trimble – Key offerings
      • Table Trimble – Key customers
  • Appendix
    • List of abbreviations
  • Explore Technavio

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