Semiconductor and Electronics Precision Farming Market

Increasing farm mechanization in developing countries, increasing labor cost owing to shortage of skilled labor, increasing strain on the global food supply owing to increasing population, substantial cost savings associated with precision farming techniques, and government initiatives to adopt modern agricultural techniques are the major factors driving the market.

Hardware segment is expected to hold the largest share owing to the high adoption of automation and control devices–drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors. The increasing adoption of new technologies and advanced devices for farming industry is expected to drive the growth of the market for hardware.

Guidance technology is expected to hold the largest share owing to the early adoption of this technology by farmers or growers. GPS-based guidance technology allow growers to reduce overlapping of equipment and tractor passes, thus saving fuel, labor, time, and soil compaction. The main components needed for a guidance technology based system or device are a GPS/GNSS, DGPS receiver, antenna, controller, guidance & steering, handheld devices and display, along with the accompanying wiring harness.

Yield monitoring is the most widely used application in farming as it plays a vital role in understanding field variability and helps farmers in maximizing their yields. Yield monitoring is a tool to collect data and identify the yield variability in the field precisely. The interpretation of this data facilitates a farmer to take effective decisions in precision farming market. Yield monitors are combinations of various components that include mass flow sensors, moisture sensors, ground speed sensors, GPS receivers, and a task computer that is located in the vehicle that controls the integration and interaction of these components.

The Americas region is expected to hold the largest share. Countries such as the US and Canada in the Americas are the early adopters of precision farming technologies, which is the major reason for the high share of this region in the precision farming market. Farmers or growers in this region are increasingly adopting advanced farming systems and equipment such as steering and guidance systems, sensors, display devices, and farm management software.

Key players include Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), The Climate Corporation (US), CropMetrics (US), Agribotix (US), Topcon Positioning Systems (US), Descartes Labs (US), ec2ce (Spain), Gamaya (Switzerland), and Decisive Farming (Canada).

1.      Introduction

1.1.   Market Definition

1.2.   Study Scope

1.3.   Study Period

1.4.   Market Stakeholders

2.      Research Methodology

2.1.   Secondary Research

2.2.   Primary Research

2.3.   Research Design

2.4.   Data Validation

2.5.   Limitations and Assumptions

3.      Market Dynamics

3.1.   Drivers

3.1.1. Pressure on Global Food Supply Owing to Growing World Population

3.1.2. Substantial Cost Cutting Made Possible By Farming Industry

3.1.3. Government Initiatives to Adopt Modern Agricultural Techniques

3.1.4. Adoption of New Precision Farming Technologies for Boosting Agricultural Production

3.2.   Challenges

3.2.1. High Initial Investment in R&D

3.2.2. Lack of Technical Knowledge Among Farmers

3.2.3. Management of Data

3.2.4. Lack of Standardization in Market

3.3.   Opportunities

3.3.1. Integration of Smartphones With Internet of Things (IoT) Devices and Software Applications

3.3.2. Rise in Use of Unmanned Aerial Vehicles (UAVS)/Drones in Farming Insight

4.      Executive Summary

5.      Precision Farming Market, By Offering

5.1.   Hardware

5.1.1. Automation and control system             Display             Guidance and steering             GPS/GNSS             Drone/UAVs             Irrigation controllers             Handheld mobile devices/handheld computers             Flow and application control devices             Others

5.1.2. Sensing and monitoring devices             Yield monitors             Soil sensors                    Moisture sensor                    Temperature sensor                    Nutrient sensor             Water sensor             Climate sensor

5.2.   Software

5.2.1. Local/web based

5.2.2. Cloud based

5.3.   Services

5.3.1. System integration and consulting

5.3.2. Managed services             Farm operating services             Data services             Analytics

5.3.3. Connectivity services

5.3.4. Assisted professional services             Supply chain management services             Others

5.3.5. Maintenance and support

6.      Precision Farming Market, By Technology

6.1.   Guidance technology

6.1.1. GPS/GNSS

6.1.2. GIS

6.2.   Remote sensing

6.2.1. Handheld or ground based

6.2.2. Satellite or aerial

6.3.   Variable rate technology

6.3.1. Map based

6.3.2. Sensor based

7.      Precision Farming Market, By Application  

7.1.   Yield monitoring

7.1.1. On farm

7.1.2. Off farm

7.2.   Field mapping

7.2.1. Boundary mapping

7.2.2. Drainage mapping

7.3.   Crop scouting

7.4.   Weather tracking and forecasting

7.5.   Irrigation management

7.6.   Inventory management

7.7.   Farm labor management

7.8.   Financial management

7.9.   Others

8.      Precision Farming Market, By Region

8.1.   Americas

8.1.1. North America             US             Canada             Mexico

8.1.2. South America             Brazil             Argentina             Rest of South America

8.2.   Europe

8.2.1. UK

8.2.2. Germany

8.2.3. France

8.2.4. Italy

8.2.5. The Netherlands

8.2.6. Rest of Europe

8.3.   Asia Pacific

8.3.1. Japan

8.3.2. China

8.3.3. India

8.3.4. Australia

8.3.5. South Korea

8.3.6. Rest of APAC

8.4.   Rest of the World

8.4.1. Middle East

8.4.2. Africa

8.4.3. Russia

9.      Company Profiles

9.1.   Leading Companies in Precision Farming Market

9.1.1. Deere & Company

9.1.2. Trimble

9.1.3. Agco

9.1.4. Agjunction

9.1.5. Raven Industries

9.1.6. AG Leader Technology

9.1.7. SST Development Group

9.1.8. Teejet Technologies

9.1.9. Topcon Positioning Systems

9.1.10.   Dickey-John Corporation

9.1.11.   Cropmetrics

9.2.   Other Companies in Precision Farming Market

*Company introduction, financial information, recent developments, SWOT analysis

10.  Conclusion and Recommendations

11.  Appendix


11.2.Related Reports


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