Dublin, Nov. 15, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/5k4qx8/precision_farming)
has announced the addition of the
"Precision Farming Market by Technology, Components &
Applications - Global Forecast & Analysis 2013 - 2018"
report to their offering.
'Precision Farming Market by Technology (GPS/GNSS, GIS, Remote
Sensing & VRT), Components (Automation & Control, Sensors,
FMS), Applications (Yield Monitoring, VRA, Mapping, Soil
Monitoring, Scouting) - Global Forecast & Analysis (2013 -
2018)'
The growth of the market is expected to be remarkable, and is
estimated to reach $3.72 million by 2018, at an estimated CAGR of
13.36% from 2013 to 2018. The major players in this industry are
Deere & Co. (U.S.), Trimble Navigation (U.S.), Topcon
positioning systems (U.S.), Raven Industries (U.S.), Precision
Planting (U.S), AGCO (U.S.), and so on.
The major drivers for this market are augmented yield &
profitability, energy & cost saving, and government assistance.
Major restraints such as high initial investments and lack of
awareness and their impact analysis are also covered under this
study. North America, currently, leads the market share for
precision farming as this region has the maximum adoption. APAC is
the emerging market for precision framing and has been enjoying the
highest growth rate among all the geographic regions. It is
believed that the APAC market will grow at a CAGR of 25.16% from
2013 to 2018.
The report covers all the technologies, components, and
applications of precision farming; it provides a detailed analysis
of the current market scenario and estimation for the next five
years. Major applications like field mapping and yield monitoring
are driving the market. Moreover, the market is driven by important
technologies like Global Positioning System (GPS) and variable rate
technologies. This market is already progressing well in developed
countries and it is also expected to grow well in the developing
nations as a result of their ever growing food demands.
This study describes the value chain for
precision framing market by considering all the major
stakeholders in the market, and their role analysis. The report
also performs a detailed scrutiny of the Porter's five force
analysis for the market. All the five major factors in these
markets have been quantified using the internal key parameters
governing each of them.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Cover Story
4 Market Overview
5 Global Precision Farming Market By Technology
6 Global Precision Farming Market By Hardware & Software
Components
7 Precision Farming Market by Application
8 Global Precision Farming Market By Geography
9 Competitive Landscape
10 Company Profile - Overview, Products And Services, Financials,
Strategy & Development
Companies Mentioned
- Ag Business & Crop Inc.
- Ag Leader Technology
- Ag-Nav Inc.
- Agco Corporation
- Agjunction Inc.
- Agri Con Gmbh
- American Sensor Technologies Inc.
- Autofarm
- Automata Inc.
- Deere & Company
- Dickey-John Corporation
- Echelon Ag Inc.
- Jain Irrigation Systems Ltd.
- Omnistar
- Precision Planting Inc.
- Precisionagriculture. Com.Au
- Raven Industries Inc.
- Soyl Precision Farming
- Teejet Technologies
- The Toro Company
- Topcon Precision Agriculture
- Trimble Navigation Limited
For more information visit http://www.researchandmarkets.com/research/5k4qx8/precision_farming
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector:
Agriculture