NORTH AMERICA PRECISION FARMING MARKET FORECAST 2018-2026

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NORTH AMERICA PRECISION FARMING MARKET FORECAST 2018-2026

North America accounted for the largest share of the global precision farming technologies market in 2017. Between the projected years of 2018-2026, the North America precision farming market is anticipated to showcase a CAGR rise of 13.17%. US, Canada and Mexico are the major countries analyzed in this report. At present, the US holds a major share of the North America precision farming market.

NORTH AMERICA PRECISION FARMING MARKET FORECAST 2018-2026

North America Precision Farming Market Is Segmented by Technology(Guidance System Technologies, Remote Sensing and Control Systems, Variable Rate Technology) by Type(Hardware, Software) by Applications(Soil Monitoring, Yield Monitoring, Software Applications, Variable Rate Applications, Field Mapping) & by Geography

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North America accounted for the largest share of the global precision farming technologies market in 2017. Between the projected years of 2018-2026, the North America precision farming market is anticipated to showcase a CAGR rise of 13.17%.

North America precision farming market

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US, Canada and Mexico are the major countries analyzed in this report. At present, the US holds a major share of the North America precision farming market. Mexico is a less mature market as compared to the US and Canada and thus holds much potential for growth over the estimated period. However, low technological knowledge, high initial costs, low overall knowledge of precision farming, and lower penetration of companies are hampering the prospects in the country. The overall North America precision farming is segmented on the basis of applications, types and technology. Soil monitoring is the largest application in this market as a database of several soil fingerprints can be used to develop predictive models to evaluate soil quality, soil remediation and to access overall environmental and crop impact.

Market giants are increasingly focusing on strategies like mergers and acquisitions to sustain their position in the precision farming market. Some of these include Nozzleworks Inc, Dupont, Farmers Edge Precision Consulting Inc, Trimble Navigation Limited, Deere & Co, Raven Industries Inc, Agco Corp, Topcon Corp, Monsanto Company, Agribotix, Ag Leader Technology Inc, Agjunction Inc, and Cropx Ltd.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • INCREASED ADOPTION OF AUTO STEERING AND VARIABLE RATE CONTROLS
      • INCREASED MERGERS AND ACQUISITIONS
      • NORTH AMERICA DOMINATES THE GLOBAL PRECISION FARMING MARKET IN TERMS OF REVENUE
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • DRIVERS
      • FOCUS ON SUSTAINABLE AGRICULTURE
      • GROWING AWARENESS AND ACCEPTANCE
      • NEED TO MAXIMIZE FOOD PRODUCTION
      • OPTIMIZATION OF INPUTS
      • CONTROL OVER FARM DATA
    • RESTRAINTS
      • HIGH INITIAL INVESTMENT
      • IMPLEMENTATION ISSUES
    • OPPORTUNITIES
      • GROWING PROMINENCE OF TELEMATICS TECHNOLOGIES
      • WIDE PORTFOLIO OF OFFERINGS
    • CHALLENGES
      • LACK OF STANDARDIZATION
      • IMPACT OF FARM INCOME
  1. MARKET BY TECHNOLOGY
    • GUIDANCE SYSTEM TECHNOLOGIES
    • REMOTE SENSING AND CONTROL SYSTEMS
    • VARIABLE RATE TECHNOLOGY
  2. MARKET BY TYPE
    • HARDWARE
      • AUTOMATION AND CONTROL SYSTEMS
      • SENSING AND MONITORING DEVICES
    • SOFTWARE
      • FARM MANAGEMENT SOFTWARE
  1. MARKET BY APPLICATIONS
    • SOIL MONITORING
    • YIELD MONITORING
    • SOFTWARE APPLICATIONS
    • VARIABLE RATE APPLICATIONS
    • FIELD MAPPING
    • OTHERS
  2. KEY ANALYTICS
    • PORTER’S 5 FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • INITIAL COST (IMPLEMENTATION COST)
      • PAYBACK PERIOD
      • EASE OF UNDERSTANDING
      • FEATURE AVAILABILITY
      • PORTFOLIO OF OFFERINGS
      • TECHNOLOGICAL ADVANCEMENT
      • INTEGRATION ABILITY
    • KEY TRENDS
      • INCREASING USE OF UAVS
      • STRONG EXPECTED GROWTH OF WEATHER TRACKING AND FORECASTING
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  3. GEOGRAPHICAL ANALYSIS
    • US
    • CANADA
    • MEXICO
  4. COMPANY PROFILES
    • AG LEADER TECHNOLOGY INC
    • AGCO CORP
    • AGDATA
    • AGJUNCTION INC
    • AG-NAV INC
    • AGRIBOTIX
    • AGRIUM INC
    • BASF SE
    • CROPX LTD
    • DEERE & CO
    • DUPONT
    • FARMERS EDGE PRECISION CONSULTING INC
    • MONSANTO COMPANY
    • MTS SYSTEMS CORP
    • NOZZLEWORKS INC
    • RAVEN INDUSTRIES INC
    • SST DEVELOPMENT GROUP INC
    • TEEJET TECHNOLOGIES
    • TOPCON CORP
    • TRIMBLE NAVIGATION LIMITED

 

LIST OF TABLES

TABLE 1 NORTH AMERICA PRECISION FARMING MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 2 MERGERS AND ACQUISITIONS IN PRECISION FARMING MARKET IN US 2012-2015

TABLE 3 NORTH AMERICA PRECISION FARMING MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)

TABLE 4 NORTH AMERICA PRECISION FARMING MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 5 NORTH AMERICA HARDWARE MARKET BY TYPES 2018-2026 ($ MILLION)

TABLE 6 NORTH AMERICA SOFTWARE MARKET BY TYPES 2018-2026 ($ MILLION)

TABLE 7 NORTH AMERICA PRECISION FARMING MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 8 KEY BUYING CRITERIA FOR PRECISION FARMING TECHNOLOGIES AND THEIR IMPACT

TABLE 9 CHANGED IMPORTANCE OF KEY BUYING CRITERIA OVER TIME IN ALL REGIONS

TABLE 10 NORTH AMERICA PRECISION FARMING MARKET BY COUNTRY 2018-2026 ($ MILLION)

LIST OF FIGURES

FIGURE 1 NORTH AMERICA PRECISION FARMING MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)

FIGURE 2 NORTH AMERICA PRECISION FARMING MARKET 2018-2026 ($ MILLION)

FIGURE 3 ARABLE LAND IN NORTH AMERICA 1961-2012 (HA PER PERSON)

FIGURE 4 WORLD POPULATION (BILLIONS OF LIVES) VERSUS ARABLE LAND (HECTARE PER PERSON) 1950-2025

FIGURE 5 NORTH AMERICA GUIDANCE SYSTEM MARKET 2018-2026 ($ MILLION)

FIGURE 6 NORTH AMERICA REMOTE SENSING AND CONTROL SYSTEMS MARKET 2018-2026 ($ MILLION)

FIGURE 7 NORTH AMERICA VARIABLE RATE MARKET 2018-2026 ($ MILLION)

FIGURE 8 NORTH AMERICA HARDWARE MARKET 2018-2026 ($ MILLION)

FIGURE 9 NORTH AMERICA AUTOMATION AND CONTROL SYSTEMS MARKET 2018-2026 ($ MILLION)

FIGURE 10 NORTH AMERICA SENSING AND MONITORING DEVICES MARKET 2018-2026 ($ MILLION)

FIGURE 11 NORTH AMERICA SOFTWARE MARKET 2018-2026 ($ MILLION)

FIGURE 12 NORTH AMERICA FARM MANAGEMENT SOFTWARE MARKET 2018-2026 ($ MILLION)

FIGURE 13 NORTH AMERICA SOIL MONITORING MARKET 2018-2026 ($ MILLION)

FIGURE 14 NORTH AMERICA YIELD MONITORING MARKET 2018-2026 ($ MILLION)

FIGURE 15 NORTH AMERICA SOFTWARE APPLICATIONS MARKET 2018-2026 ($ MILLION)

FIGURE 16 NORTH AMERICA VARIABLE RATE APPLICATIONS MARKET 2018-2026 ($ MILLION)

FIGURE 17 NORTH AMERICA FIELD MAPPING MARKET 2018-2026 ($ MILLION)

FIGURE 18 NORTH AMERICA OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 19 UNITED STATES PRECISION FARMING MARKET 2018-2026 ($ MILLION)

FIGURE 20 CANADA PRECISION FARMING MARKET 2018-2026 ($ MILLION)

FIGURE 21 MEXICO PRECISION FARMING MARKET 2018-2026 ($ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • US
    • CANADA
    • MEXICO
  2. MARKET BY TECHNOLOGY
    • GUIDANCE SYSTEM TECHNOLOGIES
    • REMOTE SENSING AND CONTROL SYSTEMS
    • VARIABLE RATE TECHNOLOGY
  3. MARKET BY TYPE
    • HARDWARE
      • AUTOMATION AND CONTROL SYSTEMS
      • SENSING AND MONITORING DEVICES
    • SOFTWARE
      • FARM MANAGEMENT SOFTWARE
  1. MARKET BY APPLICATIONS
    • SOIL MONITORING
    • YIELD MONITORING
    • SOFTWARE APPLICATIONS
    • VARIABLE RATE APPLICATIONS
    • FIELD MAPPING
    • OTHERS

 

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