Precision Farming and Tools Market- need for farm equipment never to end; sales never to fall
Huge existing global population and yet rising count is obvious indication of the need for increased quality and quantity of agriculture. Farming practices arise from the rising demand for food. Influence of global warming on agricultural practices and sustainability of natural resources is high.
Productivity of agriculture is always related to the climate changes. This increases the burden on food productivity and natural resources such as soil. These factors primarily determine the importance of optimizing farming practices, in order to ensure productivity and efficient use of resources.
Data management and geo-location tracking are the two most popular technological advancements used by precision farming. Slowly replacing traditional methods, precision farming has remarkable impact on the overall output rates.
These practices guide farmers in several crucial activities such choosing right time to plant, right amount of fertilizer or pesticide to maximize yield. It helps Livestock producers to have timely production related information such as feeding/nutritional issues and feeding related costs. These are huge parts of the variable costs in a livestock farm. Electronically controlled livestock production systems help in gathering data in a timely manner. They help to access the efficiency of resources and thus, optimize their input.
Geographical Brief on Precision Farming and Tools Market:
Global Precision Farming and Tools market held majorly by North America is spreading across multiple countries around the world. Rapid adoption of this method in North America continues to grow. On the other hand, South America and APAC are the fastest developing regions according to IndustryARC analysis. Precisely, Eastern Europe, China and Brazil are the particular regions where the market is booming at fast CAGR rates.
Large consolidated farming operations and upgrades in technology are the major factors for the rapid growth of Precision Farming market in this region. Support from the government, high adoption rates and multi-faceted applications are some of the factors that are driving the demand for Global Precision Agriculture and Tools Market over the world.
Segmentation of Precision Farming and Tools Market:
Precision Farming and Tools Market is classified into broad 5 types with further sub types, all included in this research report.
- By Type: Precision Agriculture, Precision Livestock Farming, Precision Viticulture and Others.
- By Technology: Variable Rate Technology, Guidance Systems, Remote and Proximal Canopy Sensing, High Resolution Soil Survey, Remote Sensing and Others.
- By Major Components: Software, Hardware, Water Sensors, Climate Sensors and Others.
- By Applications: Yield Monitoring, Selective Harvesting, Variable Rate Application, Mapping and Others.
- By Geography: Americas, Europe, APAC and ROW.
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Players Brief of Precision Farming and Tools Market:
IndustryARC has studied more than 40 industry players of the Precision Farming and Tools Market with top few mentioned below.
- Deere & Company
- ISEKI & Co Ltd.
- Agco Corporation
- Lindsay – Corporation.
- First Tractor Co Ltd.
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