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Precision Farming Market in the US 2015-2019

Precision Farming Market in the US 2015-2019

About Precision Farming

Precision farming is a farm management process, which is bringing about a paradigm shift in agriculture. It relies on technology to measure agricultural variables such as soil content, yield, and weed and utilizes precise information about agricultural resources, and subsequently apply specific treatments. This enables the producer to micromanage farming practices and improve production and profits while keeping resource use to a minimum.

Technavio's analysts forecast the precision farming market in the US to grow at a CAGR of 16.04% during 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the precision farming market in the US for 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of precision farming systems and services.

Technavio's report, Precision Farming Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Ag Leader Technology
  • AgJunction
  • Deere
  • Dickey-John
  • Teejet Technologies
  • Trimble Navigation
Other Prominent Vendors
  • AGCO
  • CNH Industrial
  • Derr Equipment
  • Monsanto
  • MTS Systems
  • Raven Industries
  • Site-Specific Technology Development Group
  • Topcon Precision Agriculture
Market Driver
  • Growing Awareness and Acceptance
  • For a full, detailed list, view our report
Market Challenge
  • High Initial Investment
  • For a full, detailed list, view our report
Market Trend
  • Demand for Higher Capacities
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Precision Farming Market in the US 2015-2019

Technavio recognizes the following companies as the key players in the Precision Farming Market in the US: Ag Leader Technology, AgJunction, Deere, Dickey-John, Teejet Technologies and Trimble Navigation

Other Prominent Vendors in the market are: AGCO, CNH Industrial, Derr Equipment, Monsanto, MTS Systems, Raven Industries, Site-Specific Technology Development Group and Topcon Precision Agriculture

Commenting on the report, an analyst from Technavio’s team said: “As farmers in the US grow increasingly wary of the effects of agriculture on the environment, they are taking steps to practice sustainable forms of farming. The environmental effects of farming can be reduced significantly by using precision farming methodologies, which help reduce the negative impact of agricultural pollutants, such as fertilizers and pesticides, on biodiversity and water quality through prescription farming. It can also help reduce the emission of greenhouse gases by reducing fuel use. Using eco-friendly and efficient agricultural equipment has thus become an important component in the shift toward sustainable agriculture. The adoption of eco-friendly plowing and cultivation machineries is expected to increase during the forecast period due to farmers' efforts to maintain environmental balance through the sustainable production of agricultural products.”

According to the report, along with the growth in the global population, the demand for food is rising. The US is a significant producer and exporter of certain agricultural crops, such as corn and soybeans, and thus plays an important part in the global food supply chain. However, the area of arable land in the US has been stagnant, limiting food production potential. Farmers are thus facing pressure to maximize production under strict limitations and are seeking out progressive techniques to make their farmlands more efficient. These factors, collectively, are expected to drive the popularity of precision farming technologies in the market, as they allow farmers to manage their lands more effectively and thus increase production in a sustainable manner.

Further, the report states that the high initial costs of precision technologies are, however, deterring their adoption among farmers.

Companies Mentioned

Ag Leader Technology, AgJunction, Deere, Dickey-John, Teejet Technologies, Trimble Navigation, AGCO, CNH Industrial, Derr Equipment, Monsanto, MTS Systems, Raven Industries, Site-Specific Technology Development Group, Topcon Precision Agriculture

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • US: An Economic Overview
    • Table GDP in US 2009-2014 ($ trillions)
    • Table GDP Per Capita in US 2009-2014 ($)
  • Agriculture in US: An Overview
    • US Farm Sector
    • Farmland
      • Table Farmland in US 2012
      • Table Farms and Farmland by Economic Sales Class 2013 (%)
      • Table Farms by Economic Sales Class in US 2012 and 2013 (thousands of farms)
      • Table Average Farm Size by Economic Sales Class in US 2012 and 2013 (acres)
    • Farm Income
  • Precision Farming: An Overview
    • Table Consumer Behavior Statistics
    • Applications of Precision Farming
      • Table Applications of Precision Farming
    • Precision Farming Process
      • Table Precision Farming Process
  • Market Landscape
    • Market Overview
    • Market Size and Forecast
      • Table Precision Farming Market in US 2014-2019 ($ billions)
    • Five Forces Analysis
  • Buying Criteria
  • Market Growth Drivers
    • Table World Population 2014-2019 (millions)
  • Drivers and Their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
    • Table M&A in Precision Farming Market in US 2012-2015
    • Table Investments in Precision Farming Market in US 2012-2013
  • Trends and Their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
      • Mergers and Acquisitions
    • Key Vendor Analysis 2014
      • Ag Leader Technology
      • AgJunction
      • Deere and Co.
      • DICKEY-john
      • TeeJet Technologies
      • Trimble Navigation
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Ag Leader Technology
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Ag Leader Technology: Product Segmentation 2014
      • Recent Developments
      • SWOT Analysis
    • AgJunction
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table AgJunction: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table AgJunction: Business Segmentation by Revenue 2013 and 2014 ($ millions)
      • Geographical Segmentation by Revenue 2014
        • Table AgJunction: Geographical Segmentation by Revenue 2014
      • Recent Developments
      • SWOT Analysis
    • DICKEY-john
      • Key Facts
      • Business Overview
      • SWOT Analysis
    • TeeJet Technologies
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Trimble Navigation
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Trimble Navigation: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Trimble Navigation: Business Segmentation by Revenue 2013 and 2014 ($ billions)
      • Geographical Segmentation by Revenue 2014
        • Table Trimble Navigation: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Prominent Vendors
    • AGCO
      • Table Geographical Segmentation: AGCO
    • CNH Industrial
      • Table CNH Industrial: Business Segmentation
    • Derr Equipment
      • Table Derr Equipment: Brand Offerings
    • Monsanto
      • Table Monsanto: Business Segmentation
    • MTS Systems
      • Table MTS Systems: Application Segmentation
    • Raven Industries
      • Table Raven Industries: Product Segmentation
    • Site-Specific Technology Development Group
      • Table Site-Specific Technology Development Group: End-User Segmentation
    • Topcon Precision Agriculture
      • Table Topcon Precision Agriculture: Application Segmentation
  • Other Reports in This Series

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