DUBLIN--(BUSINESS WIRE)--The "Variable Rate Technology (VRT) Market by Type, Offering, Crop Type, Application, Farm Size and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The variable rate technology market is projected to grow at a CAGR of 9.65% from 2017, to reach USD 2.24 billion by 2022. Improved efficiency & productivity through improved crop yields & field quality and favorable government initiatives for adoption of modern agricultural techniques are the major factors driving this market. However, high initial capital investment and lack of technical awareness & understanding regarding advantages of VRT over traditional agricultural practices are the major restraining factors in the variable rate technology market.
The map-based VRT segment is the most widely used application method of variable rate technology across the globe. Map-based VRT is traditional application method, and is thus widely used; sensor based-VRT is relatively new and is under development. Also, the real-time sensor-based variable rate equipment is more complex and requires the working of several different components to achieve a desired output. Hence, growers prefer map-based VRT to sensor-based VRT.
The large farms segment comprises farms larger than 200 hectares in size. Variable rate technology is most suitable for these farm sizes considering economies of scale. Advances in modern commercial farming machinery in recent years, particularly with respect to power and size, now allow a single owner to successfully manage a cropping enterprise of thousands of hectares, thus increasing the value of scale.
- 360 Yield Center (U.S.)
- Ag Leader Technology (U.S.)
- Agco Corporation (U.S.)
- Ageagle Aerial Systems (U.S.)
- Agjunction, Inc. (U.S.)
- Agribotix Llc (U.S.)
- Agrisight Inc. (U.S.)
- Aquaspy Inc. (U.S.)
- Capstan Ag Systems, Inc. (U.S.)
- CNH Industrial N.V. (U.K.)
- Cropmetrics (U.S.)
- Deere & Company (U.S.)
- Iteris, Inc. (U.S.)
- Kubota Corporation (Japan)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Agricultural Variable Rate Technology Market, By Type
7 Agricultural Variable Rate Technology Market, By Offering
8 Agricultural Variable Rate Technology Market, By Crop Type
9 Agricultural Variable Rate Technology Market, By Application Method
10 Agricultural Variable Rate Technology Market, By Farm Size
11 Agricultural Variable Rate Technology Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/h7f479/variable_rate