Executive Summary
The Global Precision Agriculture Market valued at USD 9.56 billion in the year 2019 has been witnessing unprecedented growth. Precision agriculture is a management concept that leverages a range of technologies to drive greater operational efficiency on the farm, including higher yields, lower input costs, and less environmental impact. The collection and integration of data, along with platforms for the implementation of data-enabled recommendations, are key ingredients, while drones, satellites, sensors, precision irrigation, precision planting, and other technologies are also utilized. The emergence of precision farming has been widely accepted as this has been found to increase yields, preserve finite resource and minimize the use of pesticides. The sudden eruption of Covid-19 pandemic has a negative impact on the precision farming market. Most of the projects in China, the US, Germany are delayed and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the Covid-19 outbreak.
Among the Offering segment in the Precision Agriculture market (Hardware, Software and Services), Hardware segment has been gaining popularity among other segments and is expected to keep major market share in the forecast period on account of huge installation of devices including sensors, smartphones, cameras, and UAVs. The penetration of precision farming technology will compel vendors to introduce new hardware devices with better location & data processing capabilities. Increasing adoption of new technologies and advanced devices for precision farming is expected to drive precision farming market for hardware.
Among the Technology segment in the Precision Agriculture market (Guidance System, Remote Sensing and Variable Rate Technology), Guidance System segment gains a considerable share on account of extensive use of GPS and GNSS systems. The exponential use of GIS technologies by federal agencies and research projects for large-scale analysis in agriculture industries will propel the growth of this segment in the global precision farming market. The deployment of GPS in farming architecture to offer comprehensive solutions to farming communities will revolutionize global precision agriculture market.
Based on Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management and Others), Yield Monitoring segment gains a considerable share. Yield monitoring is the most widely used application in precision farming as segment plays a vital role in understanding field variability and helps farmers in maximizing farmers yields.
The Americas region dominated the global market share and will continue its dominance in forecast period as well. The reason for the growth is that farmers or growers in this region are increasingly adopting advanced farming systems and equipment such as steering and guidance systems, sensors, display devices, and farm management software. Rising popularity for telematics technology in precision farming, declining in agricultural land and the need to increase the productivity of crops, decline in natural resources are the major factors driving the precision farming market.
Scope of the Report
- The report analyses the Precision Agriculture market By Value.
- The report analyses the Precision Agriculture market by Offering (Hardware, Software, Services).
- The report analyses the Precision Agriculture market by Technology (Guidance System, Remote Sensing, Variable Rate Technology).
- The report assesses the Precision Agriculture market by Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Others).
- The Global Precision Agriculture Market has been analysed by Region (Americas, Europe, and Asia Pacific) and by Country (USA, Canada, Mexico, Germany, Italy, France, United Kingdom, China, Australia, Japan).
- Also, the attractiveness of the market has been presented by region, offering, technology and application. Also, trends, drivers, challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, recent industry developments and mergers & acquisitions. The companies analysed in the report include John Deere, AGCO Corporation, Trimble Inc., AgJunction Inc., Raven Industries, Ag Leader Technology, AgEagle Aerial Systems, Topcon Positioning Systems, Descartes Labs and Prospera Technologies.
- The report presents the analysis of Copper Foil market for the historical period of 2015-2019 and the forecast period of 2020-2025.
Key Target Audience
- Food Technology Companies
- Seed and Irrigation Companies
- Consulting and Advisory Firms
- Government and Policy Makers
- Investment Banks and Equity Firms
- Regulatory Authorities
Global Precision Agriculture Market - Analysis By Offering, Technology, Application, By Region, By Country (2020 Edition) : Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)
Table of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
2.1 Focus on Innovation as a key strategy to grow.
2.2 Focus on Mergers and Acquisitions to expand the business.
3. Global Precision Agriculture Market Product Outlook
4. Global Precision Agriculture Market: An Analysis
4.1 Market Size, By Value, Year 2015-2025
4.2 Market Growth Rate, Year 2015-2025
5. Global Precision Agriculture Market Segmentation By Offering (By Value)
5.1 Competitive Scenario of Global Precision Agriculture Market: By Offering
5.2 Hardware- Market Size and Forecast (2020-2025)
5.3 Software- Market Size and Forecast (2020-2025)
5.4 Services- Market Size and Forecast (2020-2025)
6. Global Precision Agriculture Market Segmentation By Technology (By Value)
6.1 Competitive Scenario of Global Precision Agriculture: By Technology
6.2 Guidance System- Market Size and Forecast (2020-2025)
6.3 Remote Sensing- Market Size and Forecast (2020-2025)
6.4 Variable Rate Technology- Market Size and Forecast (2020-2025)
7. Global Precision Agriculture Market Segmentation By Application (By Value)
7.1 Competitive Scenario of Global Precision Agriculture: By Application
7.2 Yield Monitoring- Market Size and Forecast (2020-2025)
7.3 Field Mapping- Market Size and Forecast (2020-2025)
7.4 Crop Scouting- Market Size and Forecast (2020-2025)
7.5 Weather Tracking & Forecasting- Market Size and Forecast (2020-2025)
7.6 Irrigation Management- Market Size and Forecast (2020-2025)
7.7 Others- Market Size and Forecast (2020-2025)
8. Global Precision Agriculture Market: Regional Analysis
8.1 Competitive Scenario of Global Precision Agriculture Market: By Region
9. Americas Precision Agriculture Market: An Analysis (2020-2025)
9.1 Americas Precision Agriculture Market: Size and Forecast (2020-2025), By Value
9.2 Americas Precision Agriculture Market - Prominent Companies
9.3 Market Segmentation By Offering (Hardware, Software and Services)
9.4 Market Segmentation By Technology (Guidance System, Remote Sensing and Variable Rate Technology)
9.5 Market Segmentation By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management and Others)
9.6 Americas Precision Agriculture Market: Country Analysis
9.7 Market Opportunity Chart of Americas Precision Agriculture Market - By Country, By Value (Year-2025)
9.8 Competitive Scenario of Americas- By Country
9.9 United States Precision Agriculture Market: Size and Forecast (2020-2025), By Value
9.10 United States Precision Agriculture Market Leading Companies
9.11 United States Precision Agriculture Market Segmentation By Offering, Technology, Application
9.12 Canada Precision Agriculture Market: Size and Forecast (2020-2025), By Value
9.13 Canada Precision Agriculture Market Leading Companies
9.14 Canada Precision Agriculture Market Segmentation By Offering, Technology, Application
9.15 Mexico Precision Agriculture Market: Size and Forecast (2020-2025), By Value
9.16 Mexico Precision Agriculture Market Leading Companies
9.17 Mexico Precision Agriculture Market Segmentation By Offering, Technology, Application
10. Europe Precision Agriculture Market: An Analysis (2020-2025)
10.1 Europe Precision Agriculture Market: Size and Forecast (2020-2025), By Value
10.2 Europe Precision Agriculture Market - Prominent Companies
10.3 Market Segmentation By Offering (Hardware, Software and Services)
10.4 Market Segmentation By Technology (Guidance System, Remote Sensing and Variable Rate Technology)
10.5 Market Segmentation By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management and Others)
10.6 Europe Precision Agriculture Market: Country Analysis
10.7 Market Opportunity Chart of Europe Precision Agriculture Market - By Country, By Value (Year-2025)
10.8 Competitive Scenario of Europe- By Country
10.9 Germany Precision Agriculture Market: Size and Forecast (2020-2025), By Value
10.10 Germany Precision Agriculture Market Leading Companies
10.11 Germany Precision Agriculture Market Segmentation By Offering, Technology, Application
10.12 France Precision Agriculture Market: Size and Forecast (2020-2025), By Value
10.13 France Precision Agriculture Market Leading Companies
10.14 France Precision Agriculture Market Segmentation By Offering, Technology, Application
10.15 Italy Precision Agriculture Market: Size and Forecast (2020-2025), By Value
10.16 Italy Precision Agriculture Market Leading Companies
10.17 Italy Precision Agriculture Market Segmentation By Offering, Technology, Application
10.18 United Kingdom Precision Agriculture Market: Size and Forecast (2020-2025), By Value
10.19 United Kingdom Precision Agriculture Market Segmentation By Offering, Technology, Application
11. Asia Pacific Precision Agriculture Market:An Analysis (2020-2025)
11.1 Asia Pacific Precision Agriculture Market: Size and Forecast (2020-2025), By Value
11.2 Asia Pacific Precision Agriculture Market - Prominent Companies
11.3 Market Segmentation By Offering (Hardware, Software and Services)
11.4 Market Segmentation By Technology (Guidance System, Remote Sensing and Variable Rate Technology)
11.5 Market Segmentation By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management and Others)
11.6 Asia Pacific Precision Agriculture Market: Country Analysis
11.7 Market Opportunity Chart of Asia Pacific Precision Agriculture Market - By Country, By Value (Year-2025)
11.8 Competitive Scenario of Asia Pacific- By Country
11.9 China Precision Agriculture Market: Size and Forecast (2020-2025), By Value
11.10 China Precision Agriculture Market Segmentation By Offering, Technology, Application
11.11 Japan Precision Agriculture Market: Size and Forecast (2020-2025), By Value
11.12 Japan Precision Agriculture Market Segmentation By Offering, Technology, Application
11.13 Australia Precision Agriculture Market: Size and Forecast (2020-2025), By Value
11.14 Australia Precision Agriculture Market Leading Companies
11.15 Australia Precision Agriculture Market Segmentation By Offering, Technology, Application
12. Global Precision Agriculture Market Dynamics
12.1 Global Precision Agriculture Market Drivers
12.2 Global Precision Agriculture Market Restraints
12.3 Global Precision Agriculture Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness
13.1.1 Market Attractiveness Chart of Global Precision Agriculture Market - By Offering, By Value (Year-2025)
13.1.2 Market Attractiveness Chart of Global Precision Agriculture Market - By Technology, By Value (Year-2025)
13.1.3 Market Attractiveness Chart of Global Precision Agriculture Market - By Application, By Value (Year-2025)
13.1.4 Market Attractiveness Chart of Global Precision Agriculture Market - By Region, By Value, (Year-2025)
13.2 Strategic Analysis
13.2.1 Mergers and Acquisitions
13.2.2 Recent Industry Developments
14. Competitive Landscape
14.1 Market Share Analysis
14.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
15.1 John Deere
15.2 AGCO Corporation
15.3 Trimble Inc.
15.4 Raven Industries
15.5 AgJunction Inc.
15.6 Ag Leader Technology
15.7 AgEagle Aerial Systems
15.8 Topcon Positioning Systems
15.9 Descartes Labs
15.10 Prospera Technologies
List of Figures
Figure 1: Global Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 2: Global Precision Agriculture Market Growth Rate, 2015-2025 (%)
Figure 3: Population Growth in USD Billion
Figure 4: Annual Agriculture Technology financings in USD Billion 2012-2019
Figure 5: FUNDING SCENARIO IN AGRICULTURAL TECHNOLOGY INDUSTRY, 2017
Figure 6: Global Precision Agriculture Market, By Offering, 2019, 2025
Figure 7: Global Precision Agriculture Market- By Hardware, By Value (USD Million), 2015-2025
Figure 8: Global Precision Agriculture Market- By Software, By Value (USD Million), 20+H2915-2025
Figure 9: Global Precision Agriculture Market- By Services, By Value (USD Million), 2015-2025
Figure 10: Global Precision Agriculture Market, Technology, 2019, 2025
Figure 11: Global Precision Agriculture Market- By Guidance System, By Value (USD Million), 2015-2025
Figure 12: Global Precision Agriculture Market- By Remote Sensing, By Value (USD Million), 2015-2025
Figure 13: Global Precision Agriculture Market- By Variable Rate Technology, By Value (USD Million), 2015-2025
Figure 14: Global Precision Agriculture Market, Application, 2019, 2025
Figure 15: Global Precision Agriculture Market- By Yield Monitoring, By Value (USD Million), 2015-2025
Figure 16: Global Precision Agriculture Market- By Field Mapping, By Value (USD Million), 2015-2025
Figure 17: Global Precision Agriculture Market- By Crop Scouting, By Value (USD Million), 2015-2025
Figure 18: Global Precision Agriculture Market- By Weather Tracking & Forecasting, By Value (USD Million), 2015-2025
Figure 19: Global Precision Agriculture Market- By Irrigation Management, By Value (USD Million), 2015-2025
Figure 20: Global Precision Agriculture Market- By Others, By Value (USD Million), 2015-2025
Figure 21: Global Precision Agriculture Market, By Region, 2019, 2025
Figure 22: Americas Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 23: Agricultural land (% of land area) - North America and Latin America & Caribbean, 2012-2016
Figure 24: Employment in agriculture, female (% of female employment), North and Latin America & Caribbean
Figure 25: Americas Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 26: Americas precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 27: Americas Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 28: Market Opportunity Chart of Precision Agriculture Market- By Country, By Value, (Year-2025)
Figure 29: Americas Precision Agriculture, By Country, 2019, 2025
Figure 30: United States Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 31: Agricultural land (% of land area) - United States in 2012-2016
Figure 32: Share of Agricultural Retailers Offering Yield Monitor Data Analysis in United States 2012-2019
Figure 33: United States Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 34: United States precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 35: United States Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 36: Canada Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 37: Agricultural land (% of land area) - Canada in 2012-2016
Figure 38: Percentage of Agricultural operations that using technology by type, 2016
Figure 39: Canada Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 40: Canada precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 41: Canada Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 42: Mexico Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 43: Agricultural land (% of land area) - Mexico in 2012-2016
Figure 44: GDP growth (annual %) - Mexico, 2014-2019
Figure 45: Mexico Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 46: Mexico precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 47: Mexico Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 48: Europe Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 49: Agricultural land (% of land area) - European Union, 2012-2016
Figure 50: Employment in agriculture, female (% of female employment), European Union, 2014-2019
Figure 51: Europe Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 52: Europe precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 53: Europe Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 54: Market Opportunity Chart of Europe Precision Agriculture Market- By Country, By Value (Year-2025)
Figure 55: Europe Precision Agriculture, By Country, 2019, 2025
Figure 56: Germany Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 57: Agricultural land (% of land area) - Germany 2012-2016
Figure 58: Investments in Germany Drone Companies in 2018 in Million Euros
Figure 59: Germany Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 60: Germany precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 61: Germany Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 62: France Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 63: Agricultural land (% of land area) - France 2012-2016
Figure 64: Employment in agriculture, female (% of female employment), France, 2014-2019
Figure 65: France Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 66: France precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 67: France Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 68: Italy Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 69: Main coronavirus (COVID-19)-related issues affecting the agriculture in Italy in 2020
Figure 70: Agricultural land (% of land area) - Italy, 2012-2016
Figure 71: Italy Population Split in Urban and Rural in 2018
Figure 72: Italy Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 73: Italy precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 74: Italy Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 75: United Kingdom Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 76: Agricultural land (% of land area) - United Kingdom, 2012-2016
Figure 77: Employment in agriculture, female (% of female employment), in United Kingdom, 2014-2019
Figure 78: United Kingdom major imports source, 2018
Figure 79: United Kingdom major exports source, 2018
Figure 80: United Kingdom Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 81: United Kingdom precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 82: United Kingdom Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 83: Asia Pacific Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 84: Agricultural land (% of land area) - East Asia & Pacific, 2012-2016
Figure 85: Growth rate of the agriculture sector in the Asia Pacific region in 2019, by country
Figure 86: Asia Pacific Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 87: Asia Pacific precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 88: Asia Pacific Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 89: Market Opportunity Chart of Asia Pacific Precision Agriculture Market- By Country, By Value (Year-2025)
Figure 90: Asia Pacific Precision Agriculture Market, By Country, 2019, 2025
Figure 91: China Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 92: Agricultural land (% of land area) - China, 2012-2016
Figure 93: Value of Drones powered solution to industries in 2015 in USD Billion
Figure 94: China major imports source, 2016
Figure 95: China major exports source, 2016
Figure 96: China Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 97: China precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 98: China Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 99: Japan Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 100: Agricultural land (% of land area) - Japan, 2012-2016
Figure 101: Employment in agriculture (% of total employment), Japan, 2014-2019
Figure 102: Japan Major Exports Destination, 2017
Figure 103: Japan Major Imports Destination, 2017
Figure 104: Japan Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 105: Japan precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 106: Japan Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 107: Australia Precision Agriculture Market Size, By Value, 2015-2025 (USD Million)
Figure 108: Employment in agriculture (% of total employment), Australia, 2014-2019
Figure 109: Rural population (% of total population) - Australia, 2014-2019
Figure 110: Australia Precision Agriculture Market- By Offering, By Value (USD Million), 2015-2025
Figure 111: Australia precision Agriculture Market- By Technology, By Value (USD Million), 2015-2025
Figure 112: Australia Precision Agriculture Market- By Application, By Value (USD Million), 2015-2025
Figure 113: Market Attractiveness Chart of Global Precision Agriculture Market - By Offering, By Value (Year-2025)
Figure 114: Market Attractiveness Chart of Global Precision Agriculture Market - By Technology, By Value (Year-2025)
Figure 115: Market Attractiveness Chart of Global Precision Agriculture Market - By Application, By Value (Year 2025)
Figure 116: Market Attractiveness Chart of Global Precision Agriculture By Region, By Value, (Year-2025)
Figure 117: Competitive Positions of Precision Agriculture Company (2019)
Figure 118: John Deere Annual Sales Revenue (USD Million), 2015-2019
Figure 119: John Deere Annual Net Income/Loss (USD Million), 2015-2019
Figure 120: John Deere Sales Revenue Split, By Business Segment (%), FY2019
Figure 121: John Deere Sales Revenue Split, By Geography Segment (%), FY2019
Figure 122: John Deere Sales Revenue Split, By Product Segment (%), FY2019
Figure 123: AGCO Corporation Annual Sales Revenue (USD Million), 2015-2019
Figure 124: AGCO Corporation Annual Net Income/Loss (USD Million), 2015-2019
Figure 125: AGCO Corporation Sales Revenue Split, By Geography Segment (%), FY2019
Figure 126: AGCO Corporation Sales Revenue Split, By Product Segment (%), FY2019
Figure 127: Trimble Inc. Annual Sales Revenue (USD Million), 2015-2019
Figure 128: Trimble Inc. Annual Net Income/Loss (USD Million), 2015-2019
Figure 129: Trimble Inc. Sales Revenue Split, By Business Segment (%), FY2019
Figure 130: Trimble Inc. Sales Revenue Split, By Geography Segment (%), FY2019
Figure 131: Raven Industries Annual Sales Revenue (USD Million), 2015-2019
Figure 132: Raven Industries Annual Net Income/Loss (USD Million), 2015-2019
Figure 133: Raven Industries Sales Revenue Split, By Product Segment (%), FY2019
Figure 134: Raven Industries Sales Revenue Split, By Geography Segment (%), FY2018-19
Figure 135: AgJunction Inc. Annual Sales Revenue (USD Million), 2015-2019
Figure 136: AgJunction Inc. Annual Net Income/Loss (USD Million), 2015-2019
Figure 137: AgJunction Inc. Sales Revenue Split, By Geography Segment (%), FY2019
Figure 138: AgJunction Inc. Sales Revenue Split, By Business Segment (%), FY2018-19
List of Tables
Table A: Prominent Copper Foil Companies operating in Americas
Table B: Prominent Copper Foil Companies operating in Europe
Table C: Prominent Copper Foil Companies operating in Asia Pacific
Table D: Company Investments in Precision Agriculture: Examples
Table E: Companies In Precision Agriculture
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