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Global Precision Agriculture and Tools Market
Global Precision Agriculture and Tools Market
IndustryARC
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TABLE OF CONTENTS
1. Global Precision Farming and Tools Market- Market Overview
2. Executive Summary
3. Global Precision Farming and Tools Market- Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1.
Product Benchmarking
3.2.2.
3.2.3.
Patent Analysis
3.2.4.
3.2.5.
Power of Suppliers
3.6.2.
Power of Customers
3.6.3.
3.6.4.
Threat of Substitution
3.6.5.
Degree of Competition
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6.1.2.
6.1.3.
6.2.2.
6.2.3.
Satellite
6.6.2.
Hand held
7.1.2.
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7.1.3.
Others
7.2.1.1
Yield Monitors
7.2.1.2
Soil Temperature Sensors
7.2.1.3
Soil Nutrient Sensors
7.2.1.4
Soil Moisture Sensors
7.2.2. Automation & Control Systems
7.2.1.5
Displays
7.2.1.6
Guidance & Steering
7.2.1.7
GPS/GNSS Systems
7.2.1.8
Mobile Devices
7.2.1.9
Flow and Application Control Devices
7.2.1.10 Others
7.2.3. Water Sensors
7.2.4.
Climate Sensors
7.2.5.
Others
On Farm Monitoring
8.1.2.
8.3.2.
8.3.3.
Field Applications
8.3.4.
Fertilizer VRA
8.3.5.
Nutrient VRA
8.3.6.
Pesticide VRA
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8.3.7.
Seeding VRA
8.3.8.
Others
8.4. Mapping
8.4.1.
Boundary Mapping
8.4.2.
Drainage Mapping
North America
7.2.1.11 US
7.2.1.12 Canada
7.2.1.13 Mexico
9.1.2. South America
7.2.1.14
7.2.1.15
Brazil
Others
9.2. Europe
9.2.1.
UK
9.2.2.
Germany
9.2.3.
Italy
9.2.4.
France
9.2.5.
Others
9.3. Asia-Pacific
9.3.1.
China
9.3.2.
India
9.3.3.
Japan
9.3.4.
Russia
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9.3.5.
Others
9.4. ROW
10. Global Precision Farming and Tools Market- Market Entropy
10.1.
10.2.
11. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
11.1.
Agco Corporation
11.2.
Agjunction
11.3.
Ag Leader Technology
11.4.
11.5.
11.6.
Teejet Technologies
11.7.
11.8.
11.9.
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Abbreviations
12.2.
Sources
12.3.
Research Methodology
12.4.
Bibliography
12.5.
12.6.
Disclaimer
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REPORT SCOPE
The Global Precision Farming and Tools Market have been segmented into different categories,
based on Types of Technology, Major Components, Type of Application and Geography. Each
of these segments is further broken down into sub-segments giving an in-depth analysis of the
market.
The overall market is also presented from the perspective of different geographic regions and the
key countries for this industry. Competitive landscape for each of the product types is
highlighted and market players are profiled with attributes of company overview, financial
overview, business strategies, product portfolio and recent developments. Market shares of the
key players for 2014 are provided. The prominent players profiled in this report are Agco
Corporation, Agjunction, Raven Industries, Deere & Company, Topcon positioning systems and
Trimble navigation. The report contains the most detailed and in-depth segmentation of the
Global Precision Farming and Tools Market.
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EXECUTIVE SUMMARY
Precision farming is a technology-based field management system. It is aimed to optimize the
overall farming practices and input of resources. The rising population creates a huge demand
for food. Influence of global warming on agricultural practices and sustainability of natural
resources is high. Productivity of agriculture is always related to the climate changes. This
increases the burden on food productivity and natural resources such as soil. These factors
undermine the importance of optimizing farming practices, ensuring productivity and efficient
use of resources.
Precision farming uses technological advancements in various fields such as data management,
geo-location tracking and so on, to enhance productivity. Precision farming has a remarkable
impact on traditional approaches to farming. These practices guide farmers in several crucial
activities such choosing right time to plant, right amount of fertilizer or pesticide to maximize
yield. It helps Livestock producers to have timely production related information such as
feeding/nutritional issues and feeding related costs. These are huge parts of the variable costs in
a livestock farm. Electronically controlled livestock production systems help in gathering data in
a timely manner. They help to access the efficiency of resources and thus, optimize their input.
2014
2015
2016
2017
2019
2020
CAGR
(2015
2020)
North
America
South
America
APAC
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx
xx%
Europe
xx
xx
ROW
xx
xx
Total
xx
xx
Source: Industry ARC, analysis.
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xx%
xx%
North America holds the majority of market share in the Global Precision Farming and Tools
market. The rapid adoption of precision farming technology in this region has resulted in this.
Precision Farming market has been observed to be in matured state in this region. South
America and Asia-Pacific are the fastest growing regions in this market; particularly, the
regions of Eastern Europe, China and Brazil are the fastest growing markets. Large
consolidated farming operations and upgrades in technology are the major factors for the
rapid growth of Precision Farming market in this region. Support from the government, high
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adoption rates and multi-faceted applications are some of the factors that are driving the
demand for Global Precision Farming and Tools Market over the world.
Market size and forecast is provided for each of these regions. A detailed qualitative analysis
of the factors responsible for driving and restraining growth of the Global Precision Farming
and Tools Market and future opportunities are provided in the report. This report on the
Global Precision Farming and Tools Market identifies many such insights and M&A
opportunities, besides providing a detailed analysis of the Market.
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KEY INSIGHTS
Global Precision Farming and Tools Market is growing worldwide because of several
factors.
The Global Precision Farming and Tools market is estimated to be growing at a CAGR
of 13.2% during 2014-2020
Asia-Pacific is the fastest growing region with an estimated CAGR of 22% during 20142020
Topcon Positioning Group has acquired Wachendorff Elektronik GmbH and
Wachendorff Electronics Inc., the manufacturers of agricultural equipment in 2014
Topcon launched new HiPer V base station, which is designed to offer a compact,
cable-free solution for GNSS (GPS + GLONASS) corrections
Raven Acquired SBG Precision Ag, the manufacturer and service provider of precision
farming tools in 2014
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RESEARCH METHODOLOGY
The quantitative and qualitative data collected for the Global Precision Farming and Tools
market report is from a combination of secondary and primary sources. Research interviews
were conducted with senior executives and/or managers of leading Global Precision Farming
and Tools solution providers. These Key Opinion Leaders (KOLs) were then provided a
questionnaire to gather quantitative and qualitative inputs on their operations, performance,
strategies and views on the overall market, including key developments and technology trends.
Data from interviews is consolidated, checked for consistency and accuracy, and the final market
numbers are again validated by experts. The global market was split by products, services and
geography based on different factors like primary and secondary sources, understanding of the
number of companies operating in each segment and also KOL insights.
We have used various secondary sources such as directories, articles, white papers, newsletters,
annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and
collect information for extensive technical and commercial study of the Global Precision
Farming and Tools market.
The key players in the market and its value chain were identified through secondary research and
their market opinions were also gathered in a similar way through telephonic interviews and
questionnaires. We have also studied the annual reports of these top market players. Interviews
with key opinion leaders such as directors, managers, marketing personnel were used extensively
in understanding the need and emergence of Global Precision Farming and Tools market.
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Base Method
Consolidation
Method
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market.
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market.
4. Build the
Consolidated
Model
Delphi
Verification
1. Verify the
findings of the
model with
experts from
across the value
chain
2. Verify the
findings with
players across
small and large
enterprises
3. Tweak the
model and add
new factors
4. Finalize the
ARC Model
CONSOLIDATED MODEL
ARC MODEL
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