Global Precision Agriculture Industry to grow over $7.6 billion by 2022

The market is estimated to reach $7.6 billion by 2022 at a CAGR of 12.7% through the forecast period.
 
 
BIS Research - Market Intellegence Firm
BIS Research - Market Intellegence Firm
BLOOMINGTON, Minn. - April 22, 2016 - PRLog -- Due to the need of minimizing the wastage and applying the 'precise' amount of inputs to the fields, precision agriculture technologies and components emerged as the most ideal solution. With the growing popularity of this market, BIS Research has published a report titled, "Global Precision Agriculture Market, Estimation & Forecast 2016-2022" incorporating a broad segmentation of the market into different components, and applications. The component market is further segmented into: the GNSS/ GPS systems, the Sensing devices (sensors), and other devices (including cameras & displays). The market numbers play an important role in the industry, following which a proper market sizing & estimation by components, by applications, and by geographical location has been done for the industry. The report has laid special emphasis on the market dominated by GNSS/ GPS devices which holds more than 60% of the total market. Market sizing in terms of revenue generated and volume of the units shipped has been done in the report to ease out the estimation.

The unending changes in the industry has compelled the analysts to add a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global precision agriculture market through the forecast period. Moreover, having identified the potential for further development in the form of product launches, acquisitions, and partnerships among others, the report has included a separate section of detailed competitive landscape. The recent activities by the key players in this market have also been tracked in the form of company profiles. Some of the key companies covered in the report are The Toro Company, Yara International, AGCO Corporation, Lindsay Corporation, and Deere & Co. among others.

In spite of the less awareness of this technology, high cost of systems and data management issues, BIS Research has estimated the industry to grow over $7.6 billion by 2022 at a CAGR of 12.7% through 2016-2022, with North America leading the market. The application of precision agriculture for precision irrigation is dominating the market, followed by its use for yield monitoring, soil monitoring, and variable rate application among others.

About BIS Research(http://bisresearch.com/industry-verticals/agriculture-tec...):
Business Intelligence and Strategy Research is a research and advisory company which focuses on emerging trends in the market. BIS Research is known for in-depth global market intelligence reports covering important industries like Semiconductor, Telecom, Information Technology and other emerging technologies. We follow a proven methodology which carries important information from our primary and secondary research followed by a deep analysis.

BIS Research offers a whole array of industry verticals which proffer clients end-to-end solutions of market intelligence research. Some of the verticals that have been covered by the company include Automotive Sensors, 3D Printing, Process Automation Technology, Wearable Electronic Technology, and Internet of Things among others.

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Mr. Mohammad Faisal
sales@bisresearch.com
+1-650-228-0182
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Tags:Precision Agriculture industry, PRECISION AGRICULTURE MARKET, Agriculture Market Report
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