Precision Agriculture Market Expected to Grow at a CAGR of Over 12.1% During 2022-2028 | Beneficial market research

Vantage Market Research analyzes that the Precision Agriculture Market which was worth USD 7,783.10 million in 2021, would skyrocket to USD 15,444.94 million by 2028, growing at a CAGR of 12.1% during the forecast period 2022 to 2028.

A qualitative research study is accompanied by more than 115 market data tables, pie charts, graphs and figures spread over several pages and in-depth information that is easy to understand. This market research report categorizes the market by companies, geographical regions, types, components, applications, and end-use industries. In the competition analysis section, the major key players existing in the market are mentioned with various details such as company profiles, their market share analysis and various strategies to thrive in the market. In addition, the market value, market segments, growth rate, market players, market situation, geographical coverage and market report prepared by the vantage team includes in-depth analysis by experts , pipeline analysis, price analysis and regulatory framework.

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List of major market players:

The existence of several significant competitors in the industry, the competitive landscape of this precision agriculture market is somewhat fragmented. The Precision Agriculture industry is distinguished by the presence of a few well-established companies as well as several small and medium-sized players. Mergers, acquisitions and consolidations have taken place between winners around the world.

Deere & Company (USA), Trimble, Inc. (USA), Raven Industries Inc. (USA), AgJunction, Inc. (USA), AGCO Corporation (USA), Farmeron, Inc (USA), Airinov (France), Microdrones GmbH (Germany), OnFarm Systems (USA) and PrecisionHawk (USA).

Key questions answered by this report:

• What is your estimate of the expansion potential of the precision agriculture market?
• Which regional market could be the pioneer of the projected years?
• Which application segments will experience strong growth in the future?
• What growth opportunities can the precision agriculture business have in the near future?
• What key challenges will the precision agriculture industry face in the future?
• Who are the main companies in the precision agriculture market?
• What are the major trends affecting expansion?
• What growth methods will players use to stay in the “precision agriculture” market?

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Regional outlook:

A recent study report published by Vantage Market Research titled “Precision Farming Market” (covering US, China, Europe, Japan, Southeast Asia, India, etc.) analyzes risks, exploits opportunities and assists in strategic and tactical decision-making. The global precision agriculture market is dominated by the North American region, with the United States accounting for the largest share. Along with this, Asia-Pacific is the fastest growing segment due to population growth, rapid urbanization and consumer convenience.

Region covered:

  • North America (USA, Canada)
  • Latin America (Argentina, Brazil, Mexico, rest of LATAM)
  • Asia-Pacific (China, South Korea, India, Japan, Malaysia, Hong Kong, Australia, Indonesia, Taiwan, New Zealand, Rest of Asia-Pacific)
  • Europe (UK, Germany, Spain, France, Italy, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Denmark, Sweden, Norway, Finland), Russia, Poland, Rest of Europe)
  • Middle East and Africa (Israel, GCC (Saudi Arabia, Bahrain, Kuwait, United Arab Emirates, Qatar, Oman), South Africa, North Africa, Rest of Middle East and Africa)

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Insights provides in this report:

  • The report gives a seven-year forecast value assessed based on the current market performance of the precision agriculture industry.
  • It gives a forecast analysis of factors driving or restraining the development of the Precision Agriculture market.
  • It helps in understanding the major product segments and their future scope.
  • The report defines the precision agriculture industry and analyzes market influencing factors such as opportunities, drivers, and restraints.
  • The report gives an in-depth analysis of the changing competition in the Precision Agriculture market, which helps you stay ahead of your competitors.

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About Vantage Market Research:

At Vantage Market Research, we provide high-quality, quantified B2B research on over 20,000 emerging markets, helping our clients map a constellation of opportunities for their businesses. As a market research and competitive intelligence consulting firm, we provide end-to-end solutions to our corporate clients to achieve their critical business objectives. Our customer base spans 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various businesses and customers in a wide variety of industries. The company offers in-depth reports across multiple industries, including Chemical Materials & Energy, Food & Beverage, Health Tech, and more. The company’s experienced team of analysts, researchers and consultants use proprietary data sources and numerous statistical tools and techniques to collect and analyze information.

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