Global Precision Agriculture Market to Boom at a CAGR of 14.43% Over the period 2015-2019
About precision agriculture
The area of arable land has been declining and has limited the food production potential. Farmers are facing the pressure of maximizing production within these limitations and are pursuing progressive techniques to make their farmlands more efficient. Precision agriculture techniques aid in managing farm lands more effectively, thereby increasing food production in a sustainable manner.
Farmers have always strived to mitigate the costs associated with inputs and increase yields; this goal is achieved through precision farming. Agriculture machine manufacturers are investing in R&D to produce more efficient presicion farming equipment.
Technavio’s analysts forecast the global precision agriculture market to grow at a CAGR of 14.43% over the period 2014-2019.
Technavio’s report, Global Precision Agriculture Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the landscape of the global precision agriculture market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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