Research and Markets has announced the addition of the "Precision Farming Market - Global Forecast to 2022" report to their offering.

The precision farming market, in terms of value, is expected to grow from USD 3.20 Billion in 2015 to USD 7.87 Billion by 2022, at a CAGR of 13.47% between 2016 and 2022. The increasing focus on farm efficiency and productivity and adoption of new technologies in farming drive the growth of the precision farming market

Precision farming involves technology-driven information analysis of data acquired from the field and application of input as per the data analysis for increasing crop productivity. Precision farming has revolutionized the method employed previously in agriculture. Precision farming is going to be the modern way of agriculture that people across the world would adopt. The major restraining factor for the precision farming market is the high initial investment and the lack of technical awareness among farmers.

Yield monitoring is the most widely used application in precision farming as it plays a vital role in understanding field variability and helps farmers in maximizing their yields. Soil monitoring is the major application of yield monitoring. Soil monitoring is used to detect soil parameters that are needed for an efficient yield production.

Asia-Pacific (APAC) is one of the bright prospective markets in precision farming. APAC has large farmlands and a high population growth rate. APAC has a huge regional spread which comprises countries such as China, Japan, India, Australia, South Korea, and Rest of APAC. Precision farming market in APAC is in its initial stages of adoption and expected to grow with a double digit rate between 2016 and 2022. In APAC, specifically India, Australia, China, and Japan, currently have the highest growth rate and highest share in the precision farming market.

Companies Mentioned:

  • AG Leader Technology
  • AGCO Corporation
  • AGJunction, Inc.
  • Cropmetrics Llc
  • Deere & Company
  • Dickey-John Corporation
  • Precision Planting, Inc.
  • Raven Industries
  • SST Development Group, Inc.
  • Teejet Technologies
  • Topcon Positioning Systems, Inc.
  • Trimble, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Precision Farming Market, by Offering

8 Precision Farming Market, by Technology

9 Precision Farming Market, by Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/jvvjc9/precision_farming