Edison, NJ -- (SBWIRE) -- 12/07/2021 -- The Latest research coverage on Precision Farming Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.
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The Precision Farming Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Precision Farming market.
Precision Farming is normally defined as an information and technology based farm management system to identify, analyze and manage variability within fields for optimum profitability, sustainability and protection of the land resource. In this method of farming, new information technologies can be used to make better decisions about many aspects of crop production. The precision farming includes looking at the increased efficiencies that can be realized by understanding and dealing with the natural variability found within a field. The main aim is not to obtain the same yield everywhere, but rather to manage and distribute inputs on a site specific basis to maximize long term cost or benefits. This approach of farming is helping many farmers worldwide to maximize the effectiveness of crop inputs.
On February 26, 2019 - BASF has expanded its pipeline of solutions for agriculture significantly and by 2028, will launch innovations with projected peak sales of more than â'¬6 billion. The pipeline contains a wealth of chemical and biological crop protection products, seeds and traits, as well as digital solutions. This will further strengthen the company's leading position in innovative and sustainable agriculture.
On December 12, 2018 - Planet, an integrated aerospace and data analytics company, and BASF today announced a commercial deal to deliver timely satellite imagery and data to European farmers to enable more effective agronomic decision making. BASF will use Planet's daily, global satellite imaging to develop analytics to power field zone metrics and insights for its digital farming platform, marketed under the xarvioTM brand.
Major & Emerging Players in Precision Farming Market:-
BASF SE (Germany),AGCO Corporation (United States),AG Junction Inc. (United States),Syngenta AG (Switzerland),John Deere Co. (United States),Dickey-john Corporation (United States),Yara International ASA (Norway),E. I. Du Pont De Nemours and Company (United States),Land O'lakes Inc. (United States),Raven Industries Inc. (United States)
The titled segments and sub-section of the market are illuminated below:
by Application (Yield Monitoring, Field Mapping, Crop Scouting), Technology (Geographic Information System, Telematics, Variable Rate Technology, Global Positioning System, Remote Sensing), Component (Hardware, Software, Services)
Market Trends:
Rising Trend of Maximizing Farming Resources in a Sustainable Manner
Lucrative Farming Solutions
Opportunities:
Introduction of Agricultural Drones
Usage of Big Data Analytics for Farm Data Management
Market Drivers:
Increasing Awareness Regarding IoT Devices and Advanced Analytics Among Farmers
Growing Concerns over Global Food Insecurity
Favorable Government Investments and Initiatives
Challenges:
Concerns Regarding Privacy and Protection
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Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Precision Farming Market
Chapter Four: Players Profiles
Chapter Five: Global Precision Farming Market Analysis by Regions
Chapter Six: North America Precision Farming Market Analysis by Countries
Chapter Seven: Europe Precision Farming Market Analysis by Countries
Chapter Eight: Asia-Pacific Precision Farming Market Analysis by Countries
Chapter Nine: Middle East and Africa Precision Farming Market Analysis by Countries
Chapter Ten: South America Precision Farming Market Analysis by Countries
Chapter Eleven: Global Precision Farming Market Segment by Types
Chapter Twelve: Global Precision Farming Market Segment by Applications
What are the market factors that are explained in the Precision Farming Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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