DUBLIN--(BUSINESS WIRE)--The "India Precision Agriculture Market, by Technology, by Component (Hardware & Software), by Application, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Indian Precision Agriculture Market was valued at over $ 57 million in 2019 and is anticipated to grow at CAGR of over 10% to reach $ 99 million on account of increasing awareness related to the applications of precision agriculture and surging need to ensure maximum yield from limited sized farms.
Additionally, application of advanced analytics, increasing adoption of Internet of Things (IoT) in agriculture sector coupled with an increase in supportive government initiatives for the adoption of modern agriculture technologies is further driving the market for the Indian Precision Agriculture Market. Moreover, increasing demand for obtaining data related to the condition of crops, local weather predictions and soil is further anticipated to boost the demand for precision agriculture during forecast period. However, high cost and lack of awareness about technologies and advantages are acting as major challenges for precision agriculture market in India.
The Indian Precision Agriculture Market can be segmented based on technology, component, application and region. In terms of technology, the market can be segmented into guidance systems, remote sensing and variable rate technologies. Among these, guidance systems segment is expected to witness rapid adoption during forecast period as technologies such as Global Navigation Satellite Systems (GNSS) and Global Positioning Systems (GPS) help to obtain crucial location based data, which can be used to take decisions related to crop yield and protection.
Additionally, the remote sensing segment is segmented into hand-held and software-based sensing. Out of these, the handheld remote sending dominated the market with highest market share in 2019 and software-based sensing is anticipated to register faster CAGR through 2025. Among components, the hardware segment is expected to acquire the largest share during forecast period as it helps to collect crucial information pertaining to the soil. Precision agriculture market finds application in yield monitoring, crop scouting, field mapping, weather forecasting & tracking, among others.
Among these, the yield monitoring segment grabbed the highest market share in 2019 and field mapping segment is expected to witness extensive adoption through 2025. Based on regions, the Indian Precision Agriculture Market is segmented into South, North, East and West. Out of these, south region accounted for the highest share of more than one-third of the market in 2019 on account of high penetration of internet and larger smartphone user base in the region. South Indian states, such as Andhra Pradesh, Telangana, and Tamil Nadu, are increasingly adopting various precision agricultural methods to boost crop yields.
John Deere India Private Limited, Trimble Inc., SatSure Ltd., Fasal, Aibono, Cropin, Intello Labs, Mahindra & Mahindra, Jain Irrigation System Limited, Fasal Agro Business Pvt. Ltd, and Exabit System Private Limited are few of the leading players operating in the Indian Precision Agriculture Market.
Objective of the Study:
- To analyze and forecast the market size of the Indian Precision Agriculture Market.
- To classify and forecast the Indian Precision Agriculture Market based on technology, component, application and regional distribution.
- To identify drivers and challenges for the Indian Precision Agriculture Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Precision Agriculture Market.
- To conduct pricing analysis for the Indian Precision Agriculture Market.
- To identify and analyze the profile of leading players operating in the Indian Precision Agriculture Market.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors to be considered for technology selection
4.2. Factors influencing purchase decision
4.3. Challenges & Unmet Needs
5. India Precision Agriculture Market Outlook
5.1. Market Size & Forecast
5.2. Market Share & Forecast
5.3. Market Attractiveness Index
6. India Guidance Systems Precision Agriculture Market Outlook
6.1. Market Size & Forecast
6.2. Market Share & Forecast
7. India Remote Sensing Precision Agriculture Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
8. India Variable Rate Technologies Precision Agriculture Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
9. Market Dynamics
10. Market Trends & Developments
11. SWOT Analysis
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1 John Deere India Private Limited
14.2.2 Satsure Analytics India Private Limited
14.2.3 Aibono Smart Farming Private Limited
14.2.4 Cropin Technology Solutions Private Limited
14.2.5 Mahindra & Mahindra
14.2.6 Jain Irrigation Systems Limited
14.2.7 Intello Labs Private Limited
14.2.8 Fasal Agro Business Private Limited
14.2.9 Exabit Systems Private Limited
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/nag5ml