Precision Farming Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
Market Overview:
Precision Farming Market is expected to grow at a CAGR of 7.50% during the forecast period 2022-2029. As per Priority Exploration, the worldwide red biotechnology market size is anticipated to hit around US$ 510 billion by 2027 from an estimated at US$ 322 billion out of 2022. The North America region has the highest market share in the Red Biotechnology Market, and it is further continuing its dominance during the forecast period.
Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also the report contains a number of major companies profiled in the relevant market.
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Market Drivers:
Rising utilization of cutting edge innovations in accuracy cultivating
Throughout recent years, the farming business has gone through a huge change. Ranch hardware has expanded, quicker and more useful due to innovative headways, considering the more viable development of bigger regions. Moreover, considerably upgraded seed, water system and manures have assisted ranchers with supporting harvests. The IoT advances as of now accessible on 3G and 4G cell networks are frequently adequate to give more clear use cases, as modern agrarian and domesticated animals checking.
The utilization of savvy and independent ranch apparatus might progress with additional exact GPS controls joined with sensors and PC vision. Ranchers would save time and different assets by utilizing numerous machines on their territory all the while and without human inclusion. Furthermore, independent robots are more exact and useful in a field than human-worked ones, which could bring about fuel reserve funds and expanded yields.
Market Segmentation:
By Technology
Guidance Technology
Remote Sensing Technology
Variable Rate Technology
By Offering
Hardware
Software
Services
By Application
Yield Monitoring
Crop Scouting
Field Mapping
Variable Rate Application
Major Companies Covered:
Ag Leader Technology, AgJunction, Inc., AGCO Corporation, AgEagle Aerial Systems Inc. (Agribotix LLC), Deere and Company, Farmers Edge Inc., CropMetrics LLC, Granular, Inc., Raven Industries, Inc. and Trimble, Inc.
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