Precision Agriculture Market: by Technology (Geographic Information System (GIS),Telematics, Variable Rate Technology (VRT),Global Positioning System (GPS) and Remote Sensing) by Component (Hardware and Software) Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029.

                                          
Abstract
                    
Precision agriculture or site specific crop management is a farming concept based on measuring, observing and responding to intra and inter field variability in crops. The main aim of precision agriculture is to make a decision making, support system for the entire farm management with the aim of enhancing returns on inputs while preserving resources

Precision agriculture is gaining acceptance amongst farmers owing to the surging need to make use of available resources to obtain maximum resources. The altering weather conditions owing to the rise in global warming have ruled out other option and adoption of advanced technologies has become a necessity in order to enhance the crop yield and boosting productivity. With the help of technologies such as weather forecasting, real-time farm monitoring and other similar products, farmers are able to grow good crops, predict outcomes and take necessary measures to prevent their production. Precision agriculture allows the farmers to escalate their yields with least wastage and human efforts. Additionally, the technologies allow farmers to access and manage their resources in the real time via smartphones, thus providing mobility and ease of operation. Moreover, GPS-based guidance technology allows farmers to reduce overlapping of equipment thus saving labor cost, time and fuel. However, High initial investment in R&D and affordability of the technology along with lack of technical knowledge and awareness about its benefits among farmers is estimated to hinder market growth in the forecast period.

The precision agriculture Market is segmented into technology and component. The component segment is bifurcated into hardware and software. Hardware is likely to stimulate market growth for precision agriculture in the anticipated period. The yield monitoring sensor categorized under hardware segment is estimated to hold a substantial share. The application of yield monitoring in farming to understand field variability and also help growers in maximizing their yields is expected to boost growth. It is a tool which collects data to help analyze the variability in the field precisely. This data interpretation helps farmer to take necessary measures and decision. This will help support market growth in the long run.

On the basis of region the precision agriculture market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is anticipated to show growth during the predicted period. The region will hold a significant share owing to the early adoption of precision farming technologies by developed countries in the region such as U.S and Canada.

Farmers in North American region are aggressively adopting advanced farming techniques, tools and equipment to harvest, manage and protect their yielding.

Noticeable players included in the report are Trimble, Deere & Company, AGCO Corporation, Raven Industries, DeLaval, AgJunction Inc., Lely, GEA Farm Technology, AG Leader Technology and Antelliq among others.

The report segment of global Precision Agriculture Market as follows:

Global Precision Agriculture Market: Technology Segment Analysis

	Geographic information system (GIS)
	Telematics
	Variable rate technology (VRT)
	Global positioning system (GPS)
	Remote Sensing

Global Precision Agriculture Market: Component Segment Analysis

	Hardware 
	
		Sensors
		Drones
		Automated Steering System
		Radar
		Global positioning system (GPS)
		Others
	
	
	Software
	
		Geographic information system (GIS)
		Crop Management Software
		Weather Tracking and Forecasting Software
		Inventory Management Software
		People Management Software
		Financial Management Software
	
	

Global Precision Agriculture Market: Regional Segment Analysis

	
	
		U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa