Precision Farming Market in North America to flourish at over 12% CAGR until 2032; Weather Tracking & Forecasting to comprise 38% Usage, Finds Fact.MR


Precision Farming Will Become Widely Used In The Future. The Scarcity of Resources, Along With Unpredictable Weather Patterns, Is Driving Greater Demand for Precision Farming Equipment

United States, Rockville MD, July 07, 2022 (GLOBE NEWSWIRE) — The North America Precision Farming market is estimated to attain US$ 1.94 Billion in 2022, registering a powerful development of 12.1%, thereby exceeding the market valuation of US$ 6 Billion by the top of 2032. The North America Precision Farming market registered a yearly development of 12% from 2017 to 2021.

Owing to the outstanding potential in the market, the North America Precision Farming market is anticipated to develop in the course of the evaluation interval, in accordance to the Fact.MR evaluation. Enhanced utilization in the yield monitoring, and crop monitoring {industry} to guarantee correct productiveness is widening development prospects for precision farming throughout the continent.

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Manufacturers are investing in state-of-the-art applied sciences to cater to the ever-increasing demand for cost-effective and highly-efficient Precision Farming supplies. In addition to this, next-generation technological options are aiding producers to present industry-specific farming options.

What are the Growth Prospects for Precision Farming Market in the U.S.?

The United States controls the vast majority of the market, accounting for greater than 51% of North American market worth. The demand for precision farming technology in rich nations like the united statesis pushed by the extremely industrialized row crop farms in rich nations that improve crop productiveness in fewer areas.

Fact.MR forecasts that the united statesmarket for Precision Farming is estimated to attain US$ 2.3 Billion, following a CAGR of 12.1% all through the forecast interval. In 2021, the market worth is estimated at practically US$ 521 Million.

The implementation of recent applied sciences and providers has boosted the gross sales income for precision farming in the United States. For occasion, the adoption of drones has supplied a possibility to outline crop biomass, plant peak, the presence of weeds, and water saturation in sure subject areas with excessive precision. They ship higher and extra correct information with increased decision in comparability to satellites.

Besides, the provision of on-line has turn into key to precision farming. EOS has designed the crop monitoring system which is a digital platform that employs satellite tv for pc monitoring to pace up a farmer’s decision-making so he doesn’t miss a vital level of subject remedy.

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Key Segments Covered in the North America Precision Farming Industry Survey

  • North America Precision Farming Market by Technology :

    • Precision Farming Guidance System

    • Remote Sensing Precision Farming

    • Variable-Rate Technology Precision Farming

  • North America Precision Farming Market by Offering :

    • Precision Farming Hardware

    • Precision Farming Software

    • Precision Farming Services

  • North America Precision Farming Market by Application :

    • Precision Farming for Yield Monitoring

    • Precision Farming for Field Mapping

    • Precision Farming for Crop Scouting

    • Precision Farming for Weather Tracking & Forecasting

    • Precision Farming for Irrigation Management

    • Precision Farming for Inventory Management

    • Precision Farming for Farm Labor Management

    • Precision Farming for Other Applications

Competitive Landscape

Key gamers in the North American precision farming market are endeavor state-of-the-art manufacturing instruments and processes equivalent to utilizing superior meeting methods and robotic automation, and so on. thereby specializing in the standard and efficiency enhancement of precision farming.

For occasion:

  • In January 2022, John Deere & Co. launched its line of autonomous tractors at the Consumer Electronics Show organized in the primary week of the month, as an element and parcel of its endeavor to broaden its footprint in precision agriculture area.

  • In April 2021, Trimble Inc. cast a collaborative settlement with HORSCH- one of many main producers of agricultural know-how globally- to set up a future for autonomous machines and workflows in the agricultural {industry}. The corporations are presently implementing a excessive stage of automation and driver assist with steering systems, which permits a driver to carry out further in-cab duties throughout lively fieldwork.

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Key gamers in the North America Precision Farming Market

  • Deere & Company

  • AGCO Corporation

  • Raven Industries

  • AG Junction

  • Trimble

Key Takeaways from North America Precision Farming Market Study

  • Under the know-how phase, the steerage system precision farming phase holds 41% market share and is projected to rise at the speed of 12% CAGR in the course of the forecast years of 2022-2032

  • Weather monitoring & forecasting account for practically 38% market share beneath the appliance phase

  • United States leads the market because it holds 51% market share, and is projected to develop at the speed of 12.1% CAGR in the course of the forecast years

  • Together, Canada and Mexico. are probably to symbolize over 48% of the general market share in 2022

About the Technology Division at Fact.MR

Expert evaluation, actionable insights, and strategic suggestions of the extremely seasoned know-how workforce at Fact.MR helps shoppers from throughout the globe with their distinctive enterprise intelligence wants. With a repertoire of over thousand experiences and 1 million-plus information factors, the workforce has analysed the technology industry throughout 50+ nations for over a decade. The workforce gives unmatched end-to-end analysis and consulting providers.

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