Global Precision Farming Market - Trends, Analysis & Forecasts (2016-2021) - Governmental Incentives & Subsidies Driving Growth - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Precision Farming Market - Trends, Analysis and Forecasts (2016 - 2021)" report to their offering.

The global precision farming market which is projected to witness CAGR of 12.64% over the period 2016 to 2021, will cross USD 5.5 billion in total market value by the end of forecast period. The high growth in this sector is credited to growth in the agricultural industry, governmental incentives and subsidies, pressure for food crops due to a rise in population, the need to pay attention to crop health and crop yield in order to increase productivity, cost-effectiveness and the recent integration of IT and big data analytics into agriculture.

The domain has some constraints such as high initial costs of investment, lack of technological skills, slow penetration of technology, unwillingness to adopt the latest technologies and the lack of common standards for farming practices. The areas in precision farming that have the scope and are yet to be explored are many.

The APAC market is yet to catch up with its growing demand for food crops. The anticipated growth in the Variable Rate Applications (VRA) market, opportunities in the application of drones and Unmanned Aerial Vehicle (UAV) in precision farming practices and the growing environmental issues are some of the areas of opportunities.

Companies Mentioned:

  • AGCO Corporation
  • Ag Leader Technology
  • Agjunction Inc.
  • Case lh
  • Deere & Company
  • Dicky-John Corporation
  • Precision Planting Inc.
  • Raven Industries Inc.
  • Lindsay
  • Monsanto
  • Novariant
  • The Toro Company Summary
  • Teejet Technologies
  • Topcon Precision Agriculture
  • Trimble Navigation Ltd.
  • Valmont Industries
  • Yara International

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Dynamics

6. Market Segmentation

7. Competitive Assessment

8. Market Landscape: Current and Future

For more information about this report visit http://www.researchandmarkets.com/research/4sqh7l/global_precision

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Agriculture

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Agriculture