Global Precision Farming Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

Precision farming is defined (also known as precision agriculture or satellite farming) technologies as a farming management concept that utilizes software and hardware for observing, measuring and responding to intra-field variability in crops, resulting in better crop management and more effective output.
On the basis of technology, guidance technology held the largest market size owing to the early adoption of this technology by farmers. GPS-based auto-guidance technology allows growers to reduce the overlapping of equipment and tractor passes, thus saving fuel, labor, time, and soil compaction.

Market Analysis and Insights: Global Precision Farming Market
The research report studies the Precision Farming market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Precision Farming market size is projected to reach US$ 8386.7 million by 2026, from US$ 4552.4 million in 2020, at a CAGR of 10.7% during 2021-2026.

Global Precision Farming Scope and Segment
The global Precision Farming market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Precision Farming market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Precision Farming market is segmented into
Guidance System
Remote Sensing
Variable-Rate Technology

Segment by Application, the Precision Farming market is segmented into
Yield Monitoring
Crop Scouting
Field Mapping
Irrigation Management
Weather Tracking & Forecasting
Inventory Management
Farm Labor Management
Financial Management
Others

Global Precision Farming market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
Deere & Company
Trimble
Agco
Agjunction
Raven Industries
AG Leader Technology
SST Development Group
Teejet Technologies
Topcon Positioning Systems
Dickey-John Corporation
Cropmetrics
Hexagon Agriculture
Granular
Prospera Technologies
Agribotix