Precision Agriculture Market - Global Outlook and Forecast 2018-2023

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GLOBAL PRECISION AGRICULTURE MARKET SIZE TO CROSS USD 9 BILLION BY 2023, GROWING AT A CAGR OF 16% DURING THE FORECAST PERIOD

Precision Agriculture Market Size, Share, Trends, Analysis Report by Application (Guidance and Monitoring Systems (GIS, GNSS, and Remote Sensing), Variable Rate Technology, and Telematics), Components (Hardware (Drones, GPS Devices, Sensors, and Others) and Software), and Geography (North America, APAC, Europe, Latin America, and Middle East & Africa), Industry Analysis Report, Regional Outlook, Growth Trends, Competitive Landscape, Market Share & Forecast, 2018-2023
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PRECISION AGRICULTURE MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (REVENUE)USD 9 BILLION (2023)
CAGR16% (2018-2023)
BASE YEAR2017
FORECAST YEAR2018-2023
MARKET SEGMENTSApplication (Guidance and Monitoring Systems (GIS, GNSS, and Remote Sensing), Variable Rate Technology, and Telematics), Components (Hardware (Drones, GPS Devices, Sensors, and Others) and Software)
GEOGRAPHIC ANALYSISNorth America, Europe, APAC, Latin America, and Middle East & Africa
COUNTRIES COVEREDUS, Canada, UK, Sweden, Germany, Switzerland, Belgium, France, Italy, Spain, Netherlands, China, Japan, South Korea, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, and UAE
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INDUSTRY INSIGHTS

The global precision agriculture market size to cross USD 9 billion by 2023, growing at a CAGR of 16% during the forecast period. The smart use of technology to enable better decision making and optimized use of resources on farms is propelling the global precision agriculture market growth. The growing requirement to achieve higher yields and effectively meet the growing demand for food will boost the demand in the global precision farming market. This form of farming involves the deployment of a web of sensors, drones, and software to gather, process, and analyze data to derive actionable insights for on-farm decisions. The evolution of (geographical information systems) GIS and GNSS ecosystem, falling prices of sensors, and the adoption of navigation systems will revolutionize the global farming industry. The use of precision technology such as navigation systems and drones drastically reduce the dependence on manual labor for scouting and crop monitoring activities and improves the overall efficiency of this whole process. Additionally, the use of these controllers and monitors will enable the right usage of fertilizers, pesticides, and insecticides, thereby, preventing the deterioration of soil quality and initiates cost savings. The government initiatives and subsidies will encourage the implementation of digital set-up and procurement of smart infrastructure in the market. Digitalization will result in faster sharing of valuable information across geographies and the markets will improve the economic conditions in the overall agricultural industries. The increase in retail and industrial consumption will propel growth in developing countries.

The recent trends of urbanization, lifestyle changes, resource exploitation, and innovative communication systems will augment the industry growth. The increasing adoption of efficient and sustainable farming technologies to ensure better food security and safety are one of the primary factors contributing to the use of smart systems in the agriculture industry. 

The implementation of regulatory frameworks that helps to impart better clarity on UAV usage will augment the digital farming industry growth. The use of this precision agriculture system enables the uses of various yield monitoring and data capturing systems which helps farmers and organizations to derive meaningful insights and increasing productivity in farms across the globe. The use of drones helps offer aerial imagery that can reveal patterns and expose variations related to soil variation, water distribution, and pest and fungal infestations. The establishment of regulatory policies and rules will enable government agencies to regulate and monitor activities of drones used in precision farming technology so that it does not infringe human privacy, ground safety, data proprietorship, and cause any disturbance to civil aviation. The establishment of regulations in countries such as Australia, the UK, Germany, and Denmark will encourage the adoption of UAVs for commercial purposes in the global precision farming market growth.

PRECISION AGRICULTURE MARKET SEGMENTATION

This research report on includes a detailed segmentation by

  • Application
  • Components
  • Geography

INSIGHTS BY COMPONENTS

Federal incentives will boost the adoption of hardware in the global precision agriculture market during the forecast period

Hardware segment dominated a significant precision agriculture market share in 2017, growing at an impressive CAGR of around 13% during the forecast period. The hardware components include software such as sensors, drones, GPS devices, smart controllers, software consists of farm data analytics, geo-spatial analytics, updating platforms, crop management software, farm inventory management, personnel management, and weather forecasting and representation. The continuous evolution of smart hardware will propel the development of modern farm equipment integrated with additional provisions in the global precision agriculture market.  Sensors are gaining immense popularity in the agricultural industry as these are used for detecting temperature, pressure, IR, proximity, and ultrasonic and touch. The adoption of GPS devices and tracking systems will help auto-steering, closer monitoring of ingredient application to farm, and use of repetitive operations will augment the growth of the global precision agriculture market.

INSIGHTS BY APPLICATION

GIS and remote sensing systems to gain immense popularity

The global precision agriculture market by application is segmented into guidance and monitoring systems (GIS, GNSS, and remote sensing), variable rate technology, and telematics. Guidance and monitoring systems occupied a majority precision agriculture market share in 2017, growing at a CAGR of around 16% during the forecast period. The exponential use of GIS and remote sensing technologies by federal agencies and research projects for large-scale analysis in agriculture industries will propel the growth of this segment in the global precision farming market. The deployment of GPS in farming architecture to offer comprehensive solutions to farming communities will revolutionize the global precision agriculture market. The growing popularity of GNSS and GIS systems offer easily available, extractable, and moldable data to produce meaningful insights that will drive growth. GPS based tools are used for farm planning, soil sampling, swath and tractor guidance systems, crop scouting, field mapping, and yield monitoring applications in the agricultural sector.

INSIGHTS BY GEOGRAPHY

Technological awareness in farming in North Americas will drive growth

The global precision agriculture market by geography is categorized into North America, Asia Pacific, Europe, Latin America, and MEA. North America dominated the majority market share in 2017, growing at a CAGR of more than 14% during the forecast period. The increasing availability of technological and mechanical components in precision agriculture techniques such as sensors, drones, and GPS devices will drive the growth of the North American industry. The proliferation of advanced data infrastructure and a high degree of technological awareness among the farming community in North America will propel the growth. The increasing focus on sustainable farm practices and technology-integrated agricultural models by government agencies will attribute to the development of the North American region.

KEY VENDOR ANALYSIS

The increasing focus on yield monitoring and maximization coupled with a better quality of crop yields and limited and right usage of fertilizers, fungicides, and pesticides is driving the competition in the global precision agriculture market. The increasing demand for infrastructure, distribution, and warehousing facilities will create new opportunities for leading vendors in the global precision agriculture market. The top players are offering innovative hardware and software solutions that ensure profitability, efficiency, and sustainability while protecting the environment to gain a larger share. Increasing investments by Mitsui, Monsanto, and Syngenta that support startups to develop solutions will boost revenues in the global market. These solutions help improving irrigation management, crop spraying, harvesting, and more practices in the global industry. The leading vendors are AgJunction, Trimble Navigation, AGCO Corporation, Deere & Company, and Topcon Corp.

The global precision agriculture market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

 Segmentation by Application

  • Systems Guidance and Monitoring Systems
    • GIS
    • GNSS
    • Remote Sensing
  • Variable Rate Technology
  • Telematics

 By Components

  • Hardware
    • Drones
    • GPS Devices
    • Sensors
    • Others
  • Software

 By Geography

  • North Americas
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Spain
  • APAC
    • China
    • India
    • Australia
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

What is the precision agriculture market size and growth rate during the forecast period?

The global precision agriculture market size is expected to reach revenues more than USD 9 billion by 2023, growing at an impressive CAGR of around 16% during the forecast period

What are the top trends, drivers, opportunities impacting the growth of global precision agriculture market?

The global precision agriculture market is driven by the rising environmental awareness, growing resource costs, and impending regulatory challenges.

Who are the leading vendors in the and what are their market shares?

The leading vendors are AgJunction, Trimble Navigation, AGCO Corp, Deere & Company, and Topcon Corp

What are the factors impacting the growth of precision agriculture market?

The adoption of GPS devices and tracking systems will help auto-steering, closer monitoring of ingredient application to farm, and use of repetitive operations will augment the growth of the global precision agriculture market.

The global precision agriculture market size is expected to reach revenues of more than $9 billion by 2023, growing at an impressive CAGR of around 16% by 2017–2023.

The global precision agriculture market is driven by rising environmental awareness, growing resource costs, and impending regulatory challenges. The encroachment of forest land, indiscriminate water consumption and wastage, unscientific usage of pesticides, and fertilizers to achieve short-term productivity will propel the demand in the global precision farming market. The market research report provides in-depth market analysis and segmental analysis of the global precision agriculture market by applications, components, and geography.

Base Year:                  2017

Forecast Year:           2018–2023

The study considers the present scenario of the global precision agriculture market and its market dynamics for the period 2018−2023. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply side of the precision farming market. Also, the study profiles and analyzes various leading and other prominent market participants across applications, components, and geography in the market.

Major Vendors in the Precision Agriculture Market

  •  AgJunction
    • Business Overview
    • Major Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Trimble Navigation
  • AGCO Corp
  • Deere & Company
  • Topcon Corp

Prominent Players in the Precision Agriculture Market

  • Ag Leader Technology
  • DICKEY - John Corporation
  • Precision Planting Company
  • Lindsay Corp.
  • Raven Industries
  • Novaraint Inc.
  • SST Software
  • TeeJet Technologies
  • Valmont Industries
  • Yara International

Market Segmentation by Application

  • Systems Guidance and Monitoring Systems
    • GIS
    • GNSS
    • Remote Sensing
  • Variable Rate Technology
  • Telematics

Market Segmentation by Components

  • Hardware
    • Drones
    • GPS Devices
    • Sensors
    • Others
  • Software

Market Segmentation by Geography

  • North Americas
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Spain
  • APAC
    • China
    • India
    • Australia
  • Latin America
  • MEA

List of Exhibits       

Exhibit 1         Segmentation of Precision Agriculture Market

Exhibit 2         Market Size Calculation Approach 2017

Exhibit 3         Number of Smart Users 2017 (million users)

Exhibit 4         Global Market 2017−2023 ($ million)

Exhibit 5         Five Forces Analysis 2017

Exhibit 6         Global Precision Agriculture Market by Application 2017 and 2023

Exhibit 7         Global Market by Application

Exhibit 8         Precision Agriculture Guidance and Monitoring Systems 2017−2023 (in $ million)

Exhibit 9         Global GNSS Market 2017−2023 ($ million)

Exhibit 10       Global GIS Market 2017−2023 ($ million)

Exhibit 11       Global Remote Sensing Market 2017−2023 ($ million)

Exhibit 12       Global Variable Rate Technology Market 2017−2023 ($ million)

Exhibit 13       Global Telematics Market 2017−2023 ($ million)

Exhibit 14       Global Precision Agriculture Market by Components 2017 and 2023

Exhibit 15       Segmentation of Market by Component

Exhibit 16       Global Market by Hardware 2017–2023 ($ million)

Exhibit 17       Sensors Market in Prison Agriculture 2017-2023 ($ million)

Exhibit 18       Major Agri-Drone Operators in US 2015−2016

Exhibit 19       Drones in Precision Agriculture Market 2017−2023 ($ million)

Exhibit 20       GPS Devices Market in the Sector 2017−2023 ($ million)

Exhibit 21       Global Market by Software 2017−2023 ($ million)

Exhibit 22       Global Precision Agriculture Market by Geography 2017 and 2023

Exhibit 23       Market Share of Various Regions 2017 ($ million)

Exhibit 24       Precision Agriculture Market in APAC 2017−2023 ($ million)

Exhibit 25       Market in APAC by Application 2017−2023 ($ million)

Exhibit 26       Market in APAC by Components 2017−2023 ($ million)

Exhibit 27       Market in APAC by Key Countries 2017 and 2023

Exhibit 28       Precision Agriculture Market in China 2017–2023 ($ million)

Exhibit 29       Market in India 2017–2023 ($ million)

Exhibit 30       Market in Australia 2017−2023 ($ million)

Exhibit 31       Market in Other Countries 2017−2023 ($ million)

Exhibit 32       Market in EMEA 2017–2023 ($ million)

Exhibit 33       Market in Europe 2017–2023 ($ million)

Exhibit 34       Market in Europe by Applications 2017−2023 ($ million)

Exhibit 35       Precision Agriculture Market in Europe by Components 2017−2023 ($ million)

Exhibit 36       Market in Europe by Key Countries 2017 and 2023

Exhibit 37       Market in France 2017–2023 ($ million)

Exhibit 38       Market in Germany 2017–2023 ($ million)

Exhibit 39       Precision Agriculture Market in Spain 2017−2023 ($ million)

Exhibit 40       Market in Other Countries 2017−2023 ($ million)

Exhibit 41       Precision Agriculture Market in MEA  2017–2023 ($ million)

Exhibit 42       Market in MEA by Application 2017−2023 ($ million)

Exhibit 43       Precision Agriculture Market in MEA by Components 2017−2023 ($ million)

Exhibit 44       Precision Agriculture Market in North America 2017−2023 ($ million)

Exhibit 45       Market in North America 2017–2023

Exhibit 46       Precision Agriculture Market in North America by Components 2017−2023 ($ million)

Exhibit 47       Precision Agriculture Market in North America by Key Countries 2017 and 2023

Exhibit 48       Market in US 2017–2023 ($ million)

Exhibit 49       Market in Canada 2017−2023 ($ million)

Exhibit 50       Share of Agriculture in Latin America’s Workforce

Exhibit 51       Land Holding Structure in Latin America Economies 2014

Exhibit 52       Market in Latin America 2017−2023 ($ million)

Exhibit 53       Market in Latin America by Application 2017−2023 ($ million)

Exhibit 54       Precision Agriculture Market in Latin America by Components 2017−2023 ($ million)

           

           

List of Tables          

Table 1            Key Geographies Definition

Table 2            Key Caveats

Table 3            Currency Conversion 2013−2017

Table 4            YOY Impact of Market Growth Enablers 2017−2023

Table 5            YOY Impact of Market Growth Enablers on Regions 2017

Table 6            Illustration of Returns on the Sector in US 2016

Table 7            YOY Impact of Market Growth Restraints 2017−2023

Table 8            YOY Impact of Market Growth Restraints on Regions 2017

Table 9            Big Data Framework and Scope in Agriculture

Table 10         Emerging Players in Big Data and Agricultural IoT Space

Table 11         YOY Impact of Market Opportunities & Trends 2017−2023

Table 12         YOY Impact of Market Opportunities & Trends on Regions 2017

Table 13         Advantages of Precision Farming over Conventional Modes

Table 14         Global Market by Application 2017−2023 ($ million)

Table 15         Global Guidance and Monitoring System by Types 2017−2023 ($ million)

Table 16         Acceptable Accuracy Requirements of Farm Applications and Technologies

Table 17         Global Precision Agriculture Market by Components 2017−2023 ($ million)

Table 18         Global Market by Hardware 2017−2023 ($ million)

Table 19         Global Market by Software 2017−2023 ($ million)

Table 20         Scope of Sensor and their Applications in the Sector

Table 21         Global Precision Agriculture Market by Hardware Types 2017−2023

Table 22         Major Farm Management Software 2010−2016

Table 23         Global Precision Agriculture Market 2017−2023 ($ million)

Table 24         Market in APAC 2017−2023 ($ million)

Table 25         Market in Europe 2017−2023 ($ million)

Table 26         Market in MEA 2017−2023 ($ million)

Table 27         Market in North America 2017−2023 ($ million)

Table 28         Market in Latin America 2017−2023 ($ million)

Table 29         Portfolio Mapping of Vendors

Table 30         Benchmarking of Vendors in Market

Table 31         Outdoor Guidance Products

Table 32         Satloc Products

Table 33         Trimble Navigation:  Fleet Management Product Offerings

Table 34         Trimble Navigation:  Guidance and Steering Product Offerings

Table 35         Trimble Navigation:  Correction Services Product Offerings

Table 36         Trimble Navigation:  Flow and Application Control Product Offerings

Table 37         Trimble Navigation:  Flow and Application Control Product Offerings

Table 38         Trimble Navigation:  Water Management Product Offerings

Table 39         Agco Corp: Product Offerings

Table 40         Deere & Company: Product Offerings

Table 41         Topcon Corp: Product Offerings

Table 42         Ag Leader Technology:  Product Offerings

Table 43         DICKEY-john Corporation: Product Offerings

Table 44         Precision Planting Company: Product Offerings

Table 45         Raven Industries: Product Offerings

Table 46         Novariant: Product Offerings

Table 47         TeeJet Technologies: Product Offerings

Table 48         Valmont: Product Offerings

Table 49         Qualitative Summary of Global Precision Agriculture Market

Table 50         Quantitative Summary of Global Market by Geographies 2017–2023

Table 51         Quantitative Summary of Global Market by Application 2017–2023

Table 52         Quantitative Summary of Global Market by Components 2017–2023

Table 53         List Of Agri-tech Startups

1          Research Methodology

2          Research Objectives

3          Research Process

 

4          Report Coverage

4.1       Precision Agriculture Market Definition

4.2       Base Year

4.3       Scope of Study

4.3.1   Market Segmentation by Component

4.3.2   Market Segmentation by Application

4.3.3   Market Segmentation by Geography

 

5          Report Assumptions & Caveats

5.1       Key Caveats

5.2       Inclusions

5.3       Exclusions

5.4       Currency Conversion

5.5       Precision Agriculture Market Derivation

 

6          Precision Agriculture Market at a Glance

 

7          Introduction

7.1       Overview

 

8          Market Dynamics

8.1       Market Growth Enablers

8.1.1   Proliferation of Mobile Connectivity and Smartphones

8.1.2   Volatile Prices of Commodities and Input Raw Materials

8.1.3   Increased Food Demand due to Population Growth

8.1.4   Federal Intervention and Initiatives to Boost Productivity and Efficiency in Agriculture

8.1.5   YOY Impact of Market Growth Enablers

8.1.6   YOY Impact of Market Growth Enablers on Regions

8.2       Market Growth Restraints

8.2.1   Skepticism over Misuse of Farm Data

8.2.2   Huge Capital Investments Deter Initial Adoption

8.2.3   Lack of Awareness and Need for Knowledge Framework

8.2.4   YOY Impact of Market Growth Restraints

8.2.5   YOY Impact of Market Growth Restraints on Regions

8.3       Market Opportunities & Trends

8.3.1   Regulatory Frameworks to Impart Better Clarity on UAV Usage

8.3.2   Big Data and Internet of Agriculture Things

8.3.3   Worldwide Increase in Minimum Labor Wages Warrants the Need to Control Input Costs

8.3.4   YOY Impact of Market Opportunities & Trends

8.3.5   YOY Impact of Market Opportunities & Trends on Regions

 

9          Global Precision Agriculture Market

9.1       Market Overview

9.1.1   Market Size & Forecast 2017–2023

9.2       Porter’s Five Forces Analysis

9.2.1   Threat of New Entrants

9.2.2   Bargaining Power of Suppliers

9.2.3   Bargaining Power of Buyers

9.2.4   Threat of Substitutes

9.2.5   Competitive Rivalry

 

10        Global Precision Agriculture Market by Application

10.1    Market Overview

10.2    Guidance and Monitoring Systems

10.2.1 Market Size & Forecast

10.2.2 GNSS: Market Size & Forecast

10.2.3 GIS: Market Size & Forecast

10.2.4 Remote Sensing: Market Size & Forecast

10.3    Variable Rate Technology

10.3.1 Market Size & Analysis

10.3.2 Variable Rate Fertilizer

10.3.3 Variable Rate Pesticides

10.3.4 Variable Rate Seeding

10.4    Telematics

10.4.1 Market Size & Forecast

 

11        Global Precision Agriculture Market by Component

11.1    Market Overview

11.2    Hardware

11.2.1 Market Size & Analysis

11.2.2 Sensors: Market Size & Forecast

11.2.3 Drones: Market Size & Forecast

11.2.4 GPS Devices: Market Size & Forecast

11.3    Software

11.3.1 Market Size & Analysis

 

12        Global Precision Agriculture Market by Geography

12.1    Market Overview

 

13        APAC: Precision Agriculture Market

13.1    Market Overview

13.1.1 Market Size & Forecast 2017–2023

13.2    Segmentation by Application

13.3    Segmentation by Component

13.4    Key Countries

13.4.1 China: Market Size & Forecast

13.4.2 India: Market Size & Forecast

13.4.3 Australia: Market Size & Forecast

13.4.4 Other Countries: Market Size & Forecast

 

14        EMEA: Precision Agriculture Market

14.1    Market Overview

14.1.1 Market Size & Forecast 2017–2023

 

15        Europe: Precision Agriculture Market

15.1    Market Overview

15.1.1 Market Size & Forecast 2017–2023

15.2    Segmentation by Applications

15.3    Segmentation by Components

15.4    Key Countries

15.4.1 France: Market Size & Forecast

15.4.2 Germany: Market Size & Forecast

15.4.3 Spain: Market Size & Forecast

15.4.4 Other Countries: Market Size & Forecast

 

16        MEA: Precision Agriculture Market

16.1    Market Overview

16.1.1 Market Size & Forecast 2017–2023

16.2    Segmentation by Application

16.3    Segmentation by Components

 

17        North America: Precision Agriculture Market

17.1    Market Overview

17.1.1 Market Size & Forecast 2017–2023

17.2    Segmentation by Application

17.3    Segmentation by Components

17.4    Key Countries

17.4.1 US: Market Size & Forecast

17.4.2 Canada: Market Size & Forecast

 

18        Latin America: Precision Agriculture Market

18.1    Market Overview

18.2    Segmentation by Application

18.3    Segmentation by Components

 

19        Competitive landscape

19.1    Market Overview

19.2    Market Vendor Analysis

 

20        Key Company Profiles

20.1    AgJunction

20.1.1 Business Overview

20.1.2 Major Product Offerings

20.1.3 Key Strategies

20.1.4 Key Strengths

20.1.5 Key Opportunities

20.2    Trimble Navigation

20.2.1 Business Overview

20.2.2 Major Product Offerings

20.2.3 Key Strategies

20.2.4 Key Strengths

20.2.5 Key Opportunities

20.3    AGCO Corp.

20.3.1 Business Overview

20.3.2 Major Product Offerings

20.3.3 Key Strategies

20.3.4 Key Strengths

20.3.5 Key Opportunities

20.4    Deere & Company

20.4.1 Business Overview

20.4.2 Product Offerings

20.4.3 Key Strategies

20.4.4 Key Strengths

20.4.5 Key Opportunities

20.5    Topcon Corp.

20.5.1 Business Overview

20.5.2 Product Offerings

20.5.3 Key Strategies

20.5.4 Key Strengths

20.5.5 Key Opportunities

 

21        Other Prominent Vendors

21.1    Ag Leader Technology

21.1.1 Business Overview

21.1.2 Product Offerings

21.2    DICKEY-john Corp.

21.2.1 Business Overview

21.2.2 Product Offerings

21.3    Precision Planting Company

21.3.1 Business Overview

21.3.2 Product Offerings

21.4    Lindsay Corp.

21.4.1 Business Overview

21.5    Raven Industries

21.5.1 Business Overview

21.5.2 Product Offerings

21.6    Novariant Inc.

21.6.1 Business Overview

21.6.2 Products Offerings

21.7    SST Software

21.7.1 Business Overview

21.7.2 Product Offerings

21.8    TeeJet Technologies

21.8.1 Business Overview

21.8.2 Product Offerings

21.9    Valmont Industries

21.9.1 Business Overview

21.9.2 Product Offerings

21.10  Yara International

21.10.1 Business Overview

21.10.2 Product Offerings

 

22        Report Summary

22.1    Key Takeaways

22.2    Qualitative Summary: Global Precision Agriculture Market

22.3    Quantitative Summary: Global Precision Agriculture Market

22.3.1 Market by Geography

22.3.2 Market by Application

22.3.3 Market by Components

 

23        Appendix

23.1    Abbreviations

23.2    Agri-tech Startups

           

 

 

           

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Frequently Asked Questions

What is the precision agriculture market size and growth rate during the forecast period?

The global precision agriculture market size is expected to reach revenues more than USD 9 billion by 2023, growing at an impressive CAGR of around 16% during the forecast period

What are the top trends, drivers, opportunities impacting the growth of global precision agriculture market?

The global precision agriculture market is driven by the rising environmental awareness, growing resource costs, and impending regulatory challenges.

Who are the leading vendors in the and what are their market shares?

The leading vendors are AgJunction, Trimble Navigation, AGCO Corp, Deere & Company, and Topcon Corp

What are the factors impacting the growth of precision agriculture market?

The adoption of GPS devices and tracking systems will help auto-steering, closer monitoring of ingredient application to farm, and use of repetitive operations will augment the growth of the global precision agriculture market.