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Precision Farming - Global Market Outlook (2015-2022)

Precision Farming - Global Market Outlook (2015-2022)

According to Stratistics MRC, the Global Precision Farming market accounted for $2.81 billion in 2014 and is expected to grow at a CAGR of 12.5% to reach $6.43 billion by 2022. The market is expected to benefit from promising market investments that are lifting the standards of agriculture, which offer high yields and profits. Growing demand for food is pushing the growers to adopt precision farming techniques and optimize their resources efficiently with minimum wastages. Factors such as high initial investment costs, lack of technological skills, and reluctance to adopt the latest technologies for farming practices are inhibiting the market.

The increasing eminence of telematics technologies is expected to fuel the market growth during the forecast period. Government interventions and energy & cost efficiency are the driving factors for the global market. Huge economic development and growing population in Asia Pacific are the major factors responsible for market growth in this region.

Some of the key players in the global precision farming market include ACGO Corporation, Dickey-John Corporation, Syngenta AG, Ag Leader Technology, John Deere & Company, Micro Trak Systems, Teejet Technologies, Lindsay Corp., Precision Planting Inc., Raven Industries Inc., Monsanto, Novariant Inc., Topcon Precision Agriculture, SST Development Group Inc., Agjunction Inc., and Trimble Navigation Limited.

Technology Types of Precision Farming Covered:
Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS)
Geographical Information System (GIS)
Remote Sensing
Hand-Held
Satellite Based Sensing
Variable Rate Technologies (VRT)
Variable Rate Fertilizer
Variable Rate Pesticide
Variable Rate Seeding

Applications Covered:
Yield Monitoring
Variable Rate Application (VRA)
Mapping
Soil Monitoring
Precision Irrigation
Crop Scouting

Components Covered:
Automation & Control Systems
Farm Management Systems (FMS)
Sensing & Monitoring Devices

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Precision Farming Market, By Technology Type
5.1 Introduction
5.2 Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS)
5.3 Geographical Information System (GIS)
5.4 Remote Sensing
5.4.1 Hand-Held
5.4.2 Satellite Based Sensing
5.5 Variable Rate Technologies (VRT)
5.5.1 Variable Rate Fertilizer
5.5.2 Variable Rate Pesticide
5.5.3 Variable Rate Seeding
6 Global Precision Farming Market, By Applications
6.1 Introduction
6.2 Yield Monitoring
6.3 Variable Rate Application (VRA)
6.4 Mapping
6.5 Soil Monitoring
6.6 Precision Irrigation
6.7 Crop Scouting
7 Global Precision Farming Market, By Components
7.1 Introduction
7.2 Automation & Control Systems
7.3 Farm Management Systems (FMS)
7.4 Sensing & Monitoring Devices
8 Global Precision Farming Market, By Geography
8.1 North America
8.1.1 US
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 Germany
8.2.2 France
8.2.3 Italy
8.2.4 UK
8.2.5 Spain
8.2.6 Rest of Europe
8.3 Asia Pacific
8.3.1 Japan
8.3.2 China
8.3.3 India
8.3.4 Australia
8.3.5 New Zealand
8.3.6 Rest of Asia Pacific
8.4 Rest of the World
8.4.1 Middle East
8.4.2 Brazil
8.4.3 Argentina
8.4.4 South Africa
8.4.5 Egypt
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ACGO Corporation
10.2 Dickey-John Corporation
10.3 Syngenta AG
10.4 Ag Leader Technology
10.5 John Deere & Company
10.6 Micro Trak Systems
10.7 Teejet Technologies
10.8 Lindsay Corp.
10.9 Precision Planting Inc.
10.10 Raven Industries Inc.
10.11 Monsanto
10.12 Novariant, Inc.
10.13 Topcon Precision Agriculture
10.14 SST Development Group, Inc.
10.15 Agjunction Inc.
10.16 Trimble Navigation Limited
List of Tables
Table 1 Global Precision Farming Market Outlook, By Region (2012-2022) ($MN)
Table 2 Global Precision Farming Market Outlook, By Technology Type (2012-2022) ($MN)
Table 3 Global Precision Farming Market Outlook, By GPS/ GNSS (2012-2022) ($MN)
Table 4 Global Precision Farming Market Outlook, By Geographical Information System (GIS) (2012-2022) ($MN)
Table 5 Global Precision Farming Market Outlook, By Remote Sensing(2012-2022) ($MN)
Table 6 Global Precision Farming Market Outlook, By Hand-Held (2012-2022) ($MN)
Table 7 Global Precision Farming Market Outlook, By Satellite Based Sensing (2012-2022) ($MN)
Table 8 Global Precision Farming Market Outlook, By Variable Rate Technologies (VRT) (2012-2022) ($MN)
Table 9 Global Precision Farming Market Outlook, By Variable Rate Fertilizer (2012-2022) ($MN)
Table 10 Global Precision Farming Market Outlook, By Variable Rate Pesticide (2012-2022) ($MN)
Table 11 Global Precision Farming Market Outlook, By Variable Rate Seeding (2012-2022) ($MN)
Table 12 Global Precision Farming Market Outlook, By Applications (2012-2022) ($MN)
Table 13 Global Precision Farming Market Outlook, By Yield Monitoring (2012-2022) ($MN)
Table 14 Global Precision Farming Market Outlook, By Variable Rate Application (VRA)(2012-2022) ($MN)
Table 15 Global Precision Farming Market Outlook, By Mapping (2012-2022) ($MN)
Table 16 Global Precision Farming Market Outlook, By Soil Monitoring (2012-2022) ($MN)
Table 17 Global Precision Farming Market Outlook, By Precision Irrigation (2012-2022) ($MN)
Table 18 Global Precision Farming Market Outlook, By Crop Scouting (2012-2022) ($MN)
Table 19 Global Precision Farming Market Outlook, By Components (2012-2022) ($MN)
Table 20 Global Precision Farming Market Outlook, By Automation & Control Systems (2012-2022) ($MN)
Table 21 Global Precision Farming Market Outlook, By Farm Management Systems (FMS) (2012-2022) ($MN)
Table 22 Global Precision Farming Market Outlook, By Sensing & Monitoring Devices (2012-2022) ($MN)
Table 23 North America Precision Farming Market Outlook, By Technology Type (2012-2022) ($MN)
Table 24 North America Precision Farming Market Outlook, By GPS/ GNSS (2012-2022) ($MN)
Table 25 North America Precision Farming Market Outlook, By Geographical Information System (GIS) (2012-2022) ($MN)
Table 26 North America Precision Farming Market Outlook, By Remote Sensing(2012-2022) ($MN)
Table 27 North America Precision Farming Market Outlook, By Hand-Held (2012-2022) ($MN)
Table 28 North America Precision Farming Market Outlook, By Satellite Based Sensing (2012-2022) ($MN)
Table 29 North America Precision Farming Market Outlook, By Variable Rate Technologies (VRT) (2012-2022) ($MN)
Table 30 North America Precision Farming Market Outlook, By Variable Rate Fertilizer (2012-2022) ($MN)
Table 31 North America Precision Farming Market Outlook, By Variable Rate Pesticide (2012-2022) ($MN)
Table 32 North America Precision Farming Market Outlook, By Variable Rate Seeding (2012-2022) ($MN)
Table 33 North America Precision Farming Market Outlook, By Applications (2012-2022) ($MN)
Table 34 North America Precision Farming Market Outlook, By Yield Monitoring (2012-2022) ($MN)
Table 35 North America Precision Farming Market Outlook, By Variable Rate Application (VRA)(2012-2022) ($MN)
Table 36 North America Precision Farming Market Outlook, By Mapping (2012-2022) ($MN)
Table 37 North America Precision Farming Market Outlook, By Soil Monitoring (2012-2022) ($MN)
Table 38 North America Precision Farming Market Outlook, By Precision Irrigation (2012-2022) ($MN)
Table 39 North America Precision Farming Market Outlook, By Crop Scouting (2012-2022) ($MN)
Table 40 North America Precision Farming Market Outlook, By Components (2012-2022) ($MN)
Table 41 North America Precision Farming Market Outlook, By Automation & Control Systems (2012-2022) ($MN)
Table 42 North America Precision Farming Market Outlook, By Farm Management Systems (FMS) (2012-2022) ($MN)
Table 43 North America Precision Farming Market Outlook, By Sensing & Monitoring Devices (2012-2022) ($MN)
Table 44 Europe Precision Farming Market Outlook, By Technology Type (2012-2022) ($MN)
Table 45 Europe Precision Farming Market Outlook, By GPS/ GNSS (2012-2022) ($MN)
Table 46 Europe Precision Farming Market Outlook, By Geographical Information System (GIS) (2012-2022) ($MN)
Table 47 Europe Precision Farming Market Outlook, By Remote Sensing(2012-2022) ($MN)
Table 48 Europe Precision Farming Market Outlook, By Hand-Held (2012-2022) ($MN)
Table 49 Europe Precision Farming Market Outlook, By Satellite Based Sensing (2012-2022) ($MN)
Table 50 Europe Precision Farming Market Outlook, By Variable Rate Technologies (VRT) (2012-2022) ($MN)
Table 51 Europe Precision Farming Market Outlook, By Variable Rate Fertilizer (2012-2022) ($MN)
Table 52 Europe Precision Farming Market Outlook, By Variable Rate Pesticide (2012-2022) ($MN)
Table 53 Europe Precision Farming Market Outlook, By Variable Rate Seeding (2012-2022) ($MN)
Table 54 Europe Precision Farming Market Outlook, By Applications (2012-2022) ($MN)
Table 55 Europe Precision Farming Market Outlook, By Yield Monitoring (2012-2022) ($MN)
Table 56 Europe Precision Farming Market Outlook, By Variable Rate Application (VRA)(2012-2022) ($MN)
Table 57 Europe Precision Farming Market Outlook, By Mapping (2012-2022) ($MN)
Table 58 Europe Precision Farming Market Outlook, By Soil Monitoring (2012-2022) ($MN)
Table 59 Europe Precision Farming Market Outlook, By Precision Irrigation (2012-2022) ($MN)
Table 60 Europe Precision Farming Market Outlook, By Crop Scouting (2012-2022) ($MN)
Table 61 Europe Precision Farming Market Outlook, By Components (2012-2022) ($MN)
Table 62 Europe Precision Farming Market Outlook, By Automation & Control Systems (2012-2022) ($MN)
Table 63 Europe Precision Farming Market Outlook, By Farm Management Systems (FMS) (2012-2022) ($MN)
Table 64 Europe Precision Farming Market Outlook, By Sensing & Monitoring Devices (2012-2022) ($MN)
Table 65 Asia Pacific Precision Farming Market Outlook, By Technology Type (2012-2022) ($MN)
Table 66 Asia Pacific Precision Farming Market Outlook, By GPS/ GNSS (2012-2022) ($MN)
Table 67 Asia Pacific Precision Farming Market Outlook, By Geographical Information System (GIS) (2012-2022) ($MN)
Table 68 Asia Pacific Precision Farming Market Outlook, By Remote Sensing(2012-2022) ($MN)
Table 69 Asia Pacific Precision Farming Market Outlook, By Hand-Held (2012-2022) ($MN)
Table 70 Asia Pacific Precision Farming Market Outlook, By Satellite Based Sensing (2012-2022) ($MN)
Table 71 Asia Pacific Precision Farming Market Outlook, By Variable Rate Technologies (VRT) (2012-2022) ($MN)
Table 72 Asia Pacific Precision Farming Market Outlook, By Variable Rate Fertilizer (2012-2022) ($MN)
Table 73 Asia Pacific Precision Farming Market Outlook, By Variable Rate Pesticide (2012-2022) ($MN)
Table 74 Asia Pacific Precision Farming Market Outlook, By Variable Rate Seeding (2012-2022) ($MN)
Table 75 Asia Pacific Precision Farming Market Outlook, By Applications (2012-2022) ($MN)
Table 76 Asia Pacific Precision Farming Market Outlook, By Yield Monitoring (2012-2022) ($MN)
Table 77 Asia Pacific Precision Farming Market Outlook, By Variable Rate Application (VRA)(2012-2022) ($MN)
Table 78 Asia Pacific Precision Farming Market Outlook, By Mapping (2012-2022) ($MN)
Table 79 Asia Pacific Precision Farming Market Outlook, By Soil Monitoring (2012-2022) ($MN)
Table 80 Asia Pacific Precision Farming Market Outlook, By Precision Irrigation (2012-2022) ($MN)
Table 81 Asia Pacific Precision Farming Market Outlook, By Crop Scouting (2012-2022) ($MN)
Table 82 Asia Pacific Precision Farming Market Outlook, By Components (2012-2022) ($MN)
Table 83 Asia Pacific Precision Farming Market Outlook, By Automation & Control Systems (2012-2022) ($MN)
Table 84 Asia Pacific Precision Farming Market Outlook, By Farm Management Systems (FMS) (2012-2022) ($MN)
Table 85 Asia Pacific Precision Farming Market Outlook, By Sensing & Monitoring Devices (2012-2022) ($MN)
Table 86 Rest of the World Precision Farming Market Outlook, By Technology Type (2012-2022) ($MN)
Table 87 Rest of the World Precision Farming Market Outlook, By GPS/ GNSS (2012-2022) ($MN)
Table 88 Rest of the World Precision Farming Market Outlook, By Geographical Information System (GIS) (2012-2022) ($MN)
Table 89 Rest of the World Precision Farming Market Outlook, By Remote Sensing(2012-2022) ($MN)
Table 90 Rest of the World Precision Farming Market Outlook, By Hand-Held (2012-2022) ($MN)
Table 91 Rest of the World Precision Farming Market Outlook, By Satellite Based Sensing (2012-2022) ($MN)
Table 92 Rest of the World Precision Farming Market Outlook, By Variable Rate Technologies (VRT) (2012-2022) ($MN)
Table 93 Rest of the World Precision Farming Market Outlook, By Variable Rate Fertilizer (2012-2022) ($MN)
Table 94 Rest of the World Precision Farming Market Outlook, By Variable Rate Pesticide (2012-2022) ($MN)
Table 95 Rest of the World Precision Farming Market Outlook, By Variable Rate Seeding (2012-2022) ($MN)
Table 96 Rest of the World Precision Farming Market Outlook, By Applications (2012-2022) ($MN)
Table 97 Rest of the World Precision Farming Market Outlook, By Yield Monitoring (2012-2022) ($MN)
Table 98 Rest of the World Precision Farming Market Outlook, By Variable Rate Application (VRA)(2012-2022) ($MN)
Table 99 Rest of the World Precision Farming Market Outlook, By Mapping (2012-2022) ($MN)
Table 100 Rest of the World Precision Farming Market Outlook, By Soil Monitoring (2012-2022) ($MN)
Table 101 Rest of the World Precision Farming Market Outlook, By Precision Irrigation (2012-2022) ($MN)
Table 102 Rest of the World Precision Farming Market Outlook, By Crop Scouting (2012-2022) ($MN)
Table 103 Rest of the World Precision Farming Market Outlook, By Components (2012-2022) ($MN)
Table 104 Rest of the World Precision Farming Market Outlook, By Automation & Control Systems (2012-2022) ($MN)
Table 105 Rest of the World Precision Farming Market Outlook, By Farm Management Systems (FMS) (2012-2022) ($MN)
Table 106 Rest of the World Precision Farming Market Outlook, By Sensing & Monitoring Devices (2012-2022) ($MN)

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