Precision Farming Market Is Expected To Rise At A 13% CAGR During The Forecast Period 2022-2032.

A recently revamped Fact.MR report states that the global precision farming market is poised to register an impressive 13% CAGR from 2022 to 2032, reaching US$ 20.36 Bn by the end of the aforementioned assessment period. Farmers are transitioning from traditional farming practices to precision farming due to the significant cost advantages afforded by mechanical agricultural technologies.

From 2017 to 2021, the industry experienced an uptick at a CAGR of 12%. Precision farming services, with significant backing from the scientific community, will replace traditional agricultural practices in a variety of nations and capabilities.

Weather patterns are rapidly changing as a result of global warming. Unpredictability in the weather is further enticing farmers to seek answers in precision agricultural technologies. The need for precision farming is being driven by the requirement for optimal productivity in the face of limited resources.

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Precision Farming Market – Scope of Report:

A latest publication by Fact.MR on the global Precision Farming market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2017-2022.

Important indicators for the successful growth of the Precision Farming market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Precision Farming supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape:

Leading players are active in awareness campaigns that address the pressing issue of soil degradation and educate farmers on the benefits of precision farming. Industrialized farms use automated machinery to assure a consistent level of output yield. Farmers are investing in farm digitization to improve security.

• In January 2022, John Deere & Co. introduced its line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part and parcel of its endeavor to expand its footprint in the precision agriculture domain
• In April 2021, Trimble Inc. forged a collaborative agreement with HORSCH- one of the leading manufacturers of agricultural technology globally- to establish a future for autonomous machines and workflows in the agricultural industry. The companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active field work.

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Report benefits & key questions answered

• Post covid consumer spending on Precision Farming: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Precision Farming demand outlook: the market intelligence study reports highlights the factor propelling the demand for Precision Farming. As per the study, the demand for Precision Farming will grow through 2032.
• Precision Farming historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2022-2032.
• Precision Farming consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Precision Farming Market Segmentations:

• Application

  • Precision Farming for Yield Monitoring
  • Precision Farming for Field Mapping
  • Precision Farming for Crop Scouting
  • Precision Farming for Weather Tracking & Forecasting
  • Precision Farming for Irrigation Management
  • Precision Farming for Inventory Management
  • Precision Farming for Farm Labor Management
  • Precision Farming for Other Applications

• Technology

  • Precision Farming Guidance System
  • Remote Sensing Precision Farming
  • Variable-Rate Technology Precision Farming

• Offering

  • Precision Farming Hardware
  • Precision Farming Software
  • Precision Farming Services

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