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Dublin, June 12, 2019 (GLOBE NEWSWIRE) -- The "Crop Monitoring Technology in Precision Farming: Worldwide Market Growth, Trends and Forecasts (2019-2024)" report has been added to ResearchAndMarkets.com's offering.
The global crop monitoring technology in the precision farming market is expected to register a CAGR of 12.6%, during the forecast period 2019-2024. As technology has been evolving since its inception, crop monitoring is increasingly becoming critical for making the best use of geospatial technologies and site-specific crop management practices.
Key Market Trends
GPS & GNSS Adoption to Drive Market Growth
United States to Account for the Largest Share
Market penetration remains fairly moderate and is estimated to grow considerably during the forecast period. A study on the current competitive scenario revealed that more than 50% of the market players relied on strategic acquisitions or R&D collaboration, while other firms focused on expanding product portfolios, to tackle the increasing levels of market penetration.
Some key players in the market are AGCO Corporation, AG Junction Inc., John Deere, Dickey-john Corporation, Teejet Technologies Illinois LLC, Raven Industries Inc., Lindsay Corporation, Monsanto Company, Valmont Industries Inc., Yara International ASA, Topcon Precision Agriculture, Trimble Navigation Limited, E. I. Du Pont De Nemours and Company (DuPont), Land O'lakes Inc., and BASF SE, among others.
Key Topics Covered
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand for Food Products and Improved Crop Yield
4.3.2 Convergence of IT with Agriculture
4.3.3 Governmental Support and Decline in Price of Sensors Aid Adoption
4.4 Market Restraints
4.4.1 Relatively Low Awareness and Lack of Specialists Remain a Concern
4.4.2 High Initial Costs and Sluggish Penetration of Technology
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Guidance System
5.1.2 Remote Sensing
5.1.3 Variable Rate Technology
5.2 By Solution
5.3 By Application
5.3.1 Field Mapping
5.3.2 Soil Monitoring
5.3.3 Crop Scouting
5.3.4 Yield Monitoring
5.3.5 Variable Rate Application
5.3.6 Other Applications
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AGCO Corporation
6.1.2 AG Junction Inc.
6.1.3 Deere & Company
6.1.4 Hickey-john Corporation
6.1.5 Teejet Technologies Illinois LLC
6.1.6 Raven Industries Inc.
6.1.7 Lindsay Corporation
6.1.8 Monsanto Company
6.1.9 Valmont Industries Inc.
6.1.10 Yara International ASA
6.1.11 Topcon Precision Agriculture
6.1.12 Trimble Navigation Limited
6.1.13 E. I. Du Pont De Nemours and Company (DuPont)
6.1.14 Land O'lakes Inc.
6.1.15 BASF SE
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/udfktu
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