Precision Farming Market Landscape Fabian Delph Manchester City Jersey , Strategies, Share, Trends, Segmentation, Growth Forecast 2025
by Suraj2051 · August 27, 2018

The global Precision Farming Market size is expected to value at USD 10.23 billion by 2025. The market is subject to witness a substantial growth due to the increasing application of telematics in agriculture and growing adoption of the modern technologies in agriculture sector. Telematics services consist of tracking devices that implement global Navigation Satellite System (GNSS) to display the location of equipment for management purposes. Precision farming systems also provides a real-time view of the location, temperature variation Eliaquim Mangala Manchester City Jersey , ground speed, and the duration prior to maintenance is required. Globally, the precision farming market is predicted to grow at CAGR of 14.2% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.



Growing demand for telematics services from farm equipment manufactures in order to enhance overall efficiency of the products are expected to fuel the growth of precision farming industry. Enhanced efficiency and superior performance of farm equipment allows reduction in the cost of agricultural operations, thereby maximizing profit and generate excess of revenues. Such factors are substantially affecting growth of the market, in the recent years. Furthermore, an effective administrative framework helps to reduce any negative environmental impact.

Request Sample Copy of this Market Research @聽 Increasing adoption of the telematics technology in developed economies in order to increase overall agriculture yield in predicted to augment market growth over the forecast period. Telematics services allows farmers to gather and manage important data with the help of field equipment. Telematics technology majorly utilizes farm equipment such as sensors that are installed on tractors Ederson Moraes Manchester City Jersey , and other field monitoring equipment to gather critical data, and necessary actions.

Recent technological advancement in the agriculture sector coupled with development of innovative products to increase overall agricultural yield are expected to propel market growth in the near future. With increasing adoption of modern technology coupled with future advancements in agriculture sector, precision farming industry is subject to high-end growth in developed economies and commercialized areas. Regular monitoring by government authorities and introducing set of guidelines &validations in regards to the environmental well-being acts as a driving factor for market growth, in the recent years. Additionally, increasing import and export of agriculture gds i