Precision Farming Market Reach USD 9.49 Billion With Boosting CAGR of 13.32% by 2023 | Crystal Market Research

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Hardware is the leading the precision agriculture market 

Owing to increasing adoption of precision farming devices, for example, drones, sensors, cameras, mobile devices and UAVs, the hardware segment has driven the market significantly in the recent years. These devices are embedded on various kinds of farming equipment, for example, harvesters and tractors. As the technology is quickly advancing, further improvements are anticipated to bring about the advent of new devices with better area and information handling abilities. The hardware comprises of automated steering system, sensors, mobile device, UAVs & camera, GPS and GNSS, drone and others.

North America is the pioneer in the region-wise segment 

Inferable from the increased adoption of the propelled communication and information in the farming segment, North America has developed substantially over the recent years. The existence of supportive government policies and well-entrenched infrastructure additionally bolsters the demand.  Moreover, developing government endeavors and activities to drive the adoption of innovation in the district additionally cultivate the precision agriculture market development.

Yield monitoring is assessed to represent significant share in the precision farming market 

Inferable from increasing application of precision farming solutions by makers for ideal arranging and management of harvest, the yield monitoring section is anticipated to be the leading segment over the following years. These solutions empower producers to design enter necessities to accomplish ideal yield. Moreover, the demand for data on real time basis amid the harvesting and necessity of recorded spatial database is increasing the interest for the yield monitoring technology.

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In 2016, the high precision positioning systems drove the precision farming market 

Dueto the essential application of GPS and GNSS frameworks in precision farming solutions, the high precision positioning system propelled the growth of the overall market. These advances fill in as a reason for the working of precision farm systems and devices to decide and process location-based information.

Some of the well-established players in the market are Agribotix LLC, Dickey-John Corporation, Farmers Edge Inc, BouMatic LLC, AgSmartsInc, GEA Group, AgSense LLC, AGCO, Delaval Corporation, CropXInc, CropMetrics LLC and John Deere. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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