Product ID: SQMIG45F2042
Global Precision Farming Market Size, Share, Growth Analysis, By Offering(Hardware, Software), By Technology(Guidance Technology, Remote Sensing Technology), By Application(Yield Monitoring, Field Mapping) - Industry Forecast 2024-2031
Report ID:
SQMIG45F2042 |
Region:
Global |
Published Date: April, 2024
Pages:
241
|
Tables:
98 |
Figures:
76
Global Precision Farming Market Dynamics
Precision Farming Market Driver
- Integration of precision farming technologies with existing farm machinery: Integration with farm machinery with a pivotal driver powering wide-spread usage of precision agriculture is a milestone driver in the sector. The incredible development of precision farming technologies has made by the implementation of existing equipment, including tractors, drones, and balers, possible. It facilitates thorough data gathering, improves operational efficiency, and enhances transforming collected data into valuable information for informed decision-making.
- Technologically advanced sensors and systems allow for precision farming machines to collect information about soil conditions, crop condition, and weather data at the exact moment from the ground. Due to the development of GPS technology, the machinery can guide the navigation precisely and only perform operations on planned paths, resulting in perfect coverage and less overlap.
- VRT (Variable Rate Technology) makes it possible for farmers to apply fertilizer and other agricultural input at variable rates based on the exact requirements of a certain field. Such practice, therefore, underscores the notion of resource optimization and increased production. Furthermore, the robotization and distance monitoring capacities help in achieving an augmented level of operation efficiency and labor costs are reduced. Using data analysis, farmers now have the chance to improve their crop and farm management practices, resulting in more efficient water, fertilizer, and pest control methods and therefore improving crop productivity and efficiency.
Precision Farming Market Restraint
- Lesser reliability of internet connectivity and infrastructure for precision farming: Precision farming technologies is highly related to the rural connectivity and infrastructure, which in turn limited the full implementation of this technology. For example, in a large part of the agricultural areas, specifically in the rural and remote areas where many people engage in farming activities, there is a large number of regions where there is no reliable or high-speed internet connection. Those data gaps make it hard to realize the smooth dataflow and real time transfer of these details needed in precision agriculture.
- A farmer can face certain problem in trying to attain data from sensors, drones and other monitoring gadgets which may not be stable in the field without a steady internet connection. Sending this information over to those centralized systems or cloud-based platforms and doing the analysis and making the decisions can be difficult. The lack of supportive infrastructure may also stand for the inability to install cutting-edge precision farming practices which are based on continuous connectivity and data exchange.
Global Precision Farming Market Report Snapshots
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