Get more information about the market: https://www.imarcgroup.com/precision-agriculture-market The global precision agriculture market reached a value of US$ 5.4 Billion in 2018. Precision agriculture, also known as satellite agriculture. Looking forward, the market value is projected to reach US$ 11.3 Billion by 2024, expanding at a CAGR of around 13% during 2019-2024. Want more information about this market? Request a free report sample: https://www.imarcgroup.com/precision-agriculture-market/requestsample For India market research reports, visit: http://www.marketresearchindia.co.in Browse Related Report Agricultural Robots Market Report: https://www.imarcgroup.com/agricultural-robots-market Indian Bio-Agriculture Market Report: https://www.imarcgroup.com/indian-bio-agriculture-industry Contact Us IMARC Group James Smith Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 | https://www.imarcgroup.com Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 Linkedin: https://www.linkedin.com/company/imarc-group

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Global Precision
Agriculture Market
Research Report and
Forecast 2024
Report Edition: 2019
© 2019 IMARC All Rights Reserved

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3. Report DescriptionReport Description and Highlights
Global Precision Agriculture Market Overview:
According to the recent report by IMARC Group, entitled “Precision Agriculture Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global precision agriculture
market reached a value of US$ 5.4 Billion in 2018. Precision agriculture, also known as satellite
agriculture, refers to one of the most popular innovations in modern farming. It is the concept of
managing accurate variabilities in the farm which helps in producing more output with less agricultural
inputs, thereby minimizing the production cost. Precision agriculture relies on specialized equipment,
software and IT services so as to provide a real-time data the condition of soil, ambient air and crops,
as well as other important information like local weather predictions and labour costs. This data is used
by the farmers to know about the precise planting times, crop rotation and harvesting time.
Precision Agriculture Market Trends
Nowadays, farmers are increasingly depending on smartphones, internet, WiFi, Zigbe and lower-power
wide-area (LPWA) for their day-to-day farming activities. These technologies assist in efficiently
planning and executing several operations, such as planting, purchasing harvesting and inventory
control, with zero negligence and errors. Moreover, these help in spreading awareness amongst small
as well as large farmers about the latest developments in the industry.

4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
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160
2011 2012 2013 2014 2015 2016 2017 2018
inBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
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2019 2020 2021 2022 2023 2024
InBillionUS$
Further, agriculture development authorities as well as state-owned enterprises are cooperating
together with agro-processing organizations, and food and beverage manufactures in order to
promote the growth of sustainable agricultural activities. This aims at enhancing the productivity, food
security and efficiency of agricultural process, in turn, proliferating the demand for precision
agriculture. Looking forward, the market value is projected to reach US$ 11.3 Billion by 2024,
expanding at a CAGR of around 13% during 2019-2024.
Request for a free sample report: https://www.imarcgroup.com/precision-agriculture-
market/requestsample

5. Report DescriptionReport Description and Highlights
This acts as one of the major factors which has led to a rise in the demand for precision agriculture
across the globe.
Key Market Segmentation:
Market Segmentation by Technology
• GNSS/GPS Systems
• GIS
• Remote Sensing
• Variable Rate Technology (VRT)
• Others
Based on technology, the market has been segregated as GNSS/GPS systems, GIS, remote sensing and
variable rate technology (VRT). Currently, GNSS/GPS systems represent the largest technology segment
of precision agriculture as the accuracy of these technologies have improved, which in turn, is enabling
a large-scale adoption of precision agriculture for geo-positioning and field-mapping.
Market Segmentation by Type

6. Report Description
Report Description and Highlights
• Automation and Control Systems
• Sensing and Monitoring Devices
• Farm Management Systems
On the basis of type, the market has been segmented as automation and control systems, sensing and
monitoring devices, and farm management systems. At present, automation and control systems are
mostly preferred in precision agriculture as they aid in minimizing the labour costs as well as electricity
costs.
Market Segmentation by Component
• Hardware
• Software
The market is also bifurcated on the basis of component which include hardware and software
components account for the majority of the market share as their consistent evolution has resulted in
the introduction of new devices with enhanced location and data processing capabilities.
Market Segmentation by Application

7. Report DescriptionReport Description and Highlights
• Mapping
• Crop Scouting
• Yield Monitoring
• Soil Monitoring
• Precision Irrigation
• Other
Based on application, yield monitoring represents the biggest segment, followed by crop scouting,
mapping, soil monitoring and precision irrigation. Yield monitoring systems are used for measuring and
recording information based on the grain flow, grain moisture and farm area covered. Additionally,
they help the farmer in maximizing the crop yield and understanding the field variability.
Market Segmentation by Region
• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America

8. Report DescriptionReport Description and Highlights
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and
Africa, and Latin America. Amongst these, North America is the leading market due to increasing
adoption of precision agriculture in various countries like the United States and Canada.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• Agribotix
• Bayer CropScience AG
• Case IH Agriculture
• ClearAg Operations
• Conservis Corporation
• Deere & Company
• Farmers Edge Inc.
• Fairport Farm Software
• Fuse Technologies
• Granular AG

9. Report DescriptionReport Description and Highlights
• Grownetics Inc.
• IBM
• Mapshots Inc.
• Raven Inudstries
• SST Software
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Partial List of Clients

11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

12. Report DescriptionReport Description and Highlights
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