United States, Rockville MD, July 07, 2022 (GLOBE NEWSWIRE) -- The North America Precision Farming market is estimated to reach US$ 1.94 Billion in 2022, registering an impressive growth of 12.1%, thereby exceeding the market valuation of US$ 6 Billion by the end of 2032. The North America Precision Farming market registered a yearly growth of 12% from 2017 to 2021.
Owing to the remarkable potential in the market, the North America Precision Farming market is anticipated to grow during the assessment period, according to the Fact.MR analysis. Enhanced usage in the yield monitoring, and crop monitoring industry to ensure proper productivity is widening growth prospects for precision farming across the continent.
For Critical Insights on North America Precision Farming Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7379
Manufacturers are investing in state-of-the-art technologies to cater to the ever-increasing demand for cost-effective and highly-efficient Precision Farming materials. In addition to this, next-generation technological solutions are aiding producers to provide industry-specific farming solutions.
What are the Growth Prospects for Precision Farming Market in the U.S.?
The United States controls the majority of the market, accounting for more than 51% of North American market value. The demand for precision farming technology in wealthy nations like the U.S is driven by the highly industrialized row crop farms in wealthy nations that enhance crop productivity in fewer areas.
Fact.MR forecasts that the U.S market for Precision Farming is estimated to reach US$ 2.3 Billion, following a CAGR of 12.1% throughout the forecast period. In 2021, the market value is estimated at nearly US$ 521 Million.
The implementation of modern technologies and services has boosted the sales revenue for precision farming in the United States. For instance, the adoption of drones has offered an opportunity to define crop biomass, plant height, the presence of weeds, and water saturation in certain field areas with high precision. They deliver better and more accurate data with higher resolution in comparison to satellites.
Besides, the availability of online has become key to precision farming. EOS has designed the crop monitoring system which is a digital platform that employs satellite monitoring to speed up a farmer’s decision-making so he does not miss a crucial point of field treatment.
To learn more about North America Precision Farming Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7379
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
- Precision Farming Guidance System
- North America Precision Farming Market by Offering :
- Precision Farming Hardware
- Precision Farming Software
- Precision Farming Services
- Precision Farming Hardware
- 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
- Precision Farming for Yield Monitoring
- North America Precision Farming Market by Country :
- U.S
- Canada
- Mexico
- U.S
Competitive Landscape
Key players in the North American precision farming market are undertaking state-of-the-art manufacturing tools and processes such as using advanced assembly techniques and robotic automation, etc. thereby focusing on the quality and performance enhancement of precision farming.
For instance:
- In January 2022, John Deere & Co. introduced its line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part and parcel of its endeavor to expand its footprint in precision agriculture domain.
- In April 2021, Trimble Inc. forged a collaborative agreement with HORSCH- one of the leading manufacturers of agricultural technology globally- to establish a future for autonomous machines and workflows in the agricultural industry. The companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active fieldwork.
Get Customization on North America Precision Farming Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7379
Key players 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 technology segment, the guidance system precision farming segment holds 41% market share and is projected to rise at the rate of 12% CAGR during the forecast years of 2022-2032
- Weather tracking & forecasting account for nearly 38% market share under the application segment
- United States leads the market as it holds 51% market share, and is projected to grow at the rate of 12.1% CAGR during the forecast years
- Together, Canada and Mexico. are likely to represent over 48% of the overall market share in 2022
About the Technology Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the technology industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore Fact.MR's Coverage on the Technology Domain-
Log Management Market- The market size of log management augmented from US$ 2.3 Billion in 2021 to US$ 2.6 Billion in 2022. Commercialization of IT applications across various industry verticals is expected to propel market growth.
Optical Interconnect Market- The global optical interconnect market was valued at US$ 10.2 Billion in 2021, and is projected to register a Y-o-Y increase of 13.7% in 2022 to be valued at US$ 11.6 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 12.5% value CAGR, likely to reach US$ 37.6 Billion by the end of the said forecast period.
Network Function Virtualization (NFV) Market- The network function virtualization (NFV) market is predicted to grow at a moderate CAGR of 6.6% during the forecast period. The network function virtualization market share is estimated to reach a value of nearly US$ 7.8 Billion by 2032, from US$ 3.9 Billion in 2021.
Mobile Video Optimization Market- The mobile video optimization market is predicted to grow at a fair CAGR of 7.5% during the forecasted time period of 2022 to 2032. The new market research report on mobile video optimization market estimates its total worth at nearly 627 Million in 2022 that is likely to reach US$ 1.3 Billion by 2032.
Wire and Cable Market- The global wire and cable market reached a valuation of US$ 150.02 billion in 2020. Sales of wires and cables are slated to rise at a healthy CAGR of 5.3% to reach US$ 285.05 billion by the end of 2031.
Multi-mode Chipset Market- The multi-mode chipset markets share is predicted to grow at an impressive CAGR of 12.4% during the forecasted period. The global multi-mode chipset market is estimated to be worth around US$ 26.3 Billion by 2032, rising up from a net worth of US$ 7.3 Billion in 2021.
Partner Relationship Management Software Market- Global partner relationship management (PRM) software industry revenue stood at US$ 521 Million in FY 2021, and is forecast to reach US$ 595 Million, registering a Y-o-Y expansion rate worth 14.2% in 2022.
Passenger Service System Market- The global passenger service system market is expected to grow at an astonishing CAGR of over 9.4% between 2022 and 2032, expected to be valued at US$ 21.9 Billion. In FY 2021, the industry was valued at US$ 7.9 Billion, and is projected to experience a Y-o-Y growth of 12.7% in 2022, reaching US$ 8.9 Billion.
Patch Management Market- The global patch management is expected to generate highly lucrative gains over the next decade, expected to grow at a CAGR of 9.4%, which will benefit from long-term technological advances and application developments.
Integrated Workplace Management System (IWMS) Market- The integrated workplace management system (IWMS) market is predicted to grow at a robust CAGR of 10.9% during the forecast period of 2022 to 2032. It is estimated that the globally integrated workplace management system (IWMS) market might reach a value of nearly US$ 9.2 Billion by 2032, increasing from US$ 2.9 Billion in 2021.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter
