Product ID: UCMIG20H2002
Precision Agriculture Market Size, Share, Growth Analysis, By Type(Guidance System, Remote Sensing), By Application(Agricultural Cooperatives, Farmland & Farms), By Region(North America, United States) - Industry Forecast 2024-2031
Report ID:
UCMIG20H2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Precision Agriculture Market Insights
Market Overview:
The rapid acceptance of smartphones, the advent of the use of advanced technologies, and the ongoing population expansion are the key market-driving factors for the worldwide precision agriculture industry. The projected period will see attractive prospects in the precision agriculture market due to rising investments in technology like driverless tractors, guidance systems, GPS sensing systems, and strong government backing for promoting the usage of these farming methods. Since developing nations are increasingly adopting hardware which enables the efficient operation of smart agriculture market software, which fuels the expansion of the precision agriculture market, the market is anticipated to expand in the coming years.
Precision Agriculture Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural & Farm Machinery by segment aggregation, the contribution of the Agricultural & Farm Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Precision Agriculture Market Report Snapshots
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