Precision Farming market value extracted; highlights innovation & opportunity for future

Precision Farming Market Latest Edition Published with Forecast to 2027


According to the report, Rising Trend of Maximizing Farming Resources in a Sustainable Manner is one of the primary growth factors for the market. Increasing Awareness Regarding IoT Devices and Advanced Analytics Among Farmers is also expected to contribute significantly to the Precision Farming market growth. Overall, Yield Monitoring applications of Precision Farming, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Geographic Information System, is boosting the Precision Farming market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Hardware, is boosting the Precision Farming market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Precision Farming market identified that the demand is rising in many different parts of the world as "Introduction of Agricultural Drones ". Furthermore, some recent industry insights like "On February 26, 2019 - BASF has expanded its pipeline of solutions for agriculture significantly and by 2028, will launch innovations with projected peak sales of more than €6 billion. The pipeline contains a wealth of chemical and biological crop protection products, seeds and traits, as well as digital solutions. This will further strengthen the company’s leading position in innovative and sustainable agriculture. and On December 12, 2018 – Planet, an integrated aerospace and data analytics company, and BASF today announced a commercial deal to deliver timely satellite imagery and data to European farmers to enable more effective agronomic decision making. BASF will use Planet’s daily, global satellite imaging to develop analytics to power field zone metrics and insights for its digital farming platform, marketed under the xarvioTM brand." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Precision Farming market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Precision Farming market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Precision Farming Market Study

Data Triangulation
The overall Precision Farming market size is calculated using market estimation process, the Precision Farming market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Precision Farming market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager