Global Precision Agriculture Systems Market Growth 2019-2024
Precision Agriculture (PA) is a farming management concept based upon observing, measuring and responding to agriculture. It was born in early 1990s for introduction of GPS guidance for tractors. Now it is a dynamic industry that mentioned lots of technologies, such as ecological based principles, plant genetics, technological advances in planting and application equipment and plant and soil sensors, and knowledge to vary management, to improve system efficiency, resilience, and adaptability.
The key consumption markets locate at developed countries. The North America takes the market share of around 50% in 2017, followed by Europe with 26.7%. APAC’s consumption market has a quicker growing speed, with a market share of 17.6%.
According to this study, over the next five years the Precision Agriculture Systems market will register a 12.4% CAGR in terms of revenue, the global market size will reach US$ 5690 million by 2024, from US$ 2830 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Precision Agriculture Systems business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Precision Agriculture Systems market by product type, application, key manufacturers and key regions and countries.
This study considers the Precision Agriculture Systems value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Farmland & Farms
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Deere & Company
Ag Leader Technology
Topcon Positioning Systems
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Precision Agriculture Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Precision Agriculture Systems market by identifying its various subsegments.
Focuses on the key global Precision Agriculture Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Precision Agriculture Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Precision Agriculture Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.