According to the current analysis of Reports and Data, the global [FURL=https://www.reportsanddata.com/report-detail/precision-farming-agriculture-market]Precision Farming/Agriculture Market[/FURL] was valued at USD 5.3 Billion in 2018 and is expected to reach USD 14.1 Billion by the year 2026, at a CAGR of 12.7%. This high growth is mainly attributable to an increasing usage of GPS & GIS systems to monitor agricultural parameters. These field mapping systems help to gather real-time data and enable the analysis of a huge geospatial data set. These systems facilitate field mapping, soil sampling, and farm planning and help farmers to adopt effective soil or plant treatment strategies, increasing farm production.Get sample copy of the report @ [FURL]https://www.reportsanddata.com/sample-enquiry-form/1291[/FURL]
Key participants include Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), The Climate Corporation (US), Descartes Labs (US), ec2ce (Spain), Gamaya (Switzerland), Decisive Farming/Agriculture (Canada).
Further key findings from the report suggest
Precision Farming/Agriculture market in North America was the largest with a share of 2% in 2018.
• In 2018, the U.S. precision Farming/Agriculture market sales grew to USD 1.3 billion, at a CAGR of 9.3% during the forecast period.
The Asia-Pacific region is projected to be the fastest growing market during the forecast period, growing at a CAGR of 18.7%.
Request customization of the report @ [FURL]https://www.reportsanddata.com/request-customization-form/1291[/FURL]
Component (Revenue, USD Million; 2016–2026)
• Hardware
o Automation & Control Systems
? Display
? Guidance & Steering
? GPS & GNSS
? Drones, UAV & Cameras
? Others
o Sensing and Monitoring Device
? Yield Monitors
? Soil Sensors
? Water Sensors
? Climate Sensors
o Software
o Services
? Consulting & training
? Maintenance & update
? Integration
? Managed Service
? Other Services
Technology (Revenue, USD Million; 2016–2026)
• Guidance Technology
• Remote Sensing
• Variable-Rate Technology
Application (Revenue, USD Million; 2016–2026)
• Yield Monitoring
• Field Mapping
• Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management
• Financial Management
• Others
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
o US.
o Canada
• Europe
o Germany
o France
o UK
o Spain
• Rest of the Europe
o Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
• Latin America
o Brazil
Browse full report here @ [FURL]https://www.reportsanddata.com/report-detail/precision-farming-agriculture-market[/FURL]
Objective of Studies:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Precision Farming/Agriculture market.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.