Asia Pacific Precision Agriculture Market By Technology (Guidance System, Remote Sensing, Variable Rate Technology), By Offering (Hardware, Software, Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management And Financial Management) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)
Asia Pacific Precision Agriculture Market By Technology (Guidance System, Remote Sensing, Variable Rate Technology), By Offering (Hardware, Software, Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management And Financial Management) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)
ID: 3651 | Pages: 145 | April 2018 | Region: Asia Pacific
The practice of precision agriculture allows farmers to improve production and get better yields with decreased human effort and decreased wastage of resources. Decisions regarding agricultural inputs such as applying nutrients, soil humidity and weather pattern research and diversity in rotating crops are made easy for farmers with the use of precision farming.
Asia Pacific Precision Agriculture Market was worth USD 0.87 billion in 2018 and is estimated to be growing at a rate of 18.9%, to reach USD 2.06 billion by 2023.
Farming can be automated with very less amount of human effort with the use of precision farming. The major component in this approach is the use of sensors and drones with GPS guidance monitor the fields and relay the information to the farmers using information technology. Tractors and harvesting machines can automated and driven with GPS guidance with increased precision and reduction of wastage of resources.
Increased emphasis of efficient farming and to increase the productivity with optimized resources is expected to drive the precision agriculture market. Increasing adoption of smartphones and the cost and yield benefits of using precision farming in extensive farming are also driving the market growth. However, technical glitches occurring in the use of drones and sensors and high costs of equipment are restricting the market for precision farming.
The Asia-Pacific precision agriculture market is categorized on the basis of Offering, Technology and Application. On the basis of technology, the market is categorized into Guidance system, Variable rate technology, and remote sensing. Guidance system is the largest market segment as it includes GPS and GIS which are essential in precision farming. Based on Offering, the market is categorized into Hardware, Software and Services. The hardware segment is again categorized into Automation & control system and Sensing & Monitoring devices. Automation & control system is also further categorized into Display, Guidance & steering, GPS system, Drones, Mobile devices, flow & application control devices. Sensing devices are further categorized into Yield Monitors, Water sensors, Soil Sensors and climate sensors. The Software segment is further categorized into Web based and cloud based software. Cloud based software is rapidly gaining popularity and is the fastest growing segment. Based on Application, the market is categorized into Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Inventory Management, Yield Monitoring, Irrigation Management, Farm Labor Management and Financial Management. Irrigation management is expected to be the fastest growing segment due to increasing scarcity of water.
The Asia-Pacific market for precision agriculture is divided into China, India, Japan, Australia and South Korea. Asia-pacific is the fastest growing market for precision farming because of developing countries such as India and China which are rapidly adopting new technology based farming practices. Moreover, India and China has vast agricultural land providing many opportunities for the expansion of precision agriculture market.
Some of the major companies which manufacture the equipment required in the precision agriculture market are Trimble, Inc. (U.S.), Deere & Company (U.S.), AJ Junction, Inc. (U.S.), Leica Geosystems (Switzerland), AgSmarts Inc., Monsanto Company, CropMetrics LLC and Dickey-John Corporation.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Offering
5.1.1 Introduction
5.1.2 Hardware
5.1.2.1 Automation & Control System
5.1.2.1.1 Guidance & Steering
5.1.2.1.2 Drones/UAV
5.1.2.1.3 Display
5.1.2.1.4 GPS/GNSS System
5.1.2.1.5 Mobile Devices/Handheld Computers
5.1.2.1.6 Flow and Application Control Devices
5.2.2.1.7 Others
5.1.2.2 Sensing and Monitoring Devices
5.1.2.2.1 Yield Monitors
5.1.2.2.2 Soil Sensors
5.1.2.2.2.1 Nutrient Sensors
5.1.2.2.2.2 Moisture Sensors
5.1.2.2.2.3 Temperature Sensors
5.1.2.2.3 Water Sensors
5.1.2.2.4 Climate Sensors
5.1.2.2.5 Others
5.1.3 Software
5.1.3.1 Web based
5.1.3.2 Cloud based
5.1.4 Services
5.1.4.1 System Integration and Consulting
5.1.4.2 Managed Services
5.1.4.2.1 Farm Operation Services
5.1.4.2.2 Data Services
5.1.4.2.3 Analytics Services
5.1.4.3 Assisted Professional Services
5.1.4.3.1 Supply Chain Management Services
5.1.4.3.2 Climate Information Services
5.1.4.3.3 Others
5.1.4.4 Connectivity Services
5.1.4.5 Maintenance and Support Services
5.1.5 Y-o-Y Growth Analysis, By Offering
5.1.6 Market Attractiveness Analysis, By Offering
5.1.7 Market Share Analysis, By Offering
5.2 Technology
5.2.1 Introduction
5.2.2 Remote Sensing
5.2.2.1 Handheld
5.2.2.2 Satellite Sensing
5.2.3 Guidance System
5.2.3.1 Geographical Information System (GIS)
5.2.3.2 Global Positioning System (GPS)
5.2.4 Variable Rate Technology
5.2.4.1 Sensor-Based
5.2.4.2 Map Based
5.2.4.3 Some Major Applications of Vrt
5.2.5 Y-o-Y Growth Analysis, By Technology
5.2.6 Market Attractiveness Analysis, By Technology
5.2.7 Market Share Analysis, By Technology
5.3 Application
5.3.1 Introduction
5.3.2 Yield Monitoring
5.3.2.1 On-Farm Yield Monitoring
5.3.2.2 Off-Farm Yield Monitoring
5.3.3Field Mapping
5.3.3.1 Boundary Mapping
5.3.3.2 Drainage Mapping
5.3.4 Crop Scouting
5.3.5 Weather Tracking & Forecasting
5.3.6 Irrigation Management
5.3.7 Inventory Management
5.3.8 Farm Labor Management
5.3.9 Financial Management
5.3.10 Y-o-Y Growth Analysis, By Application
5.3.11 Market Attractiveness Analysis, By Application
5.3.12 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Offering
6.1.3.3 By Technology
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Offering
6.1.4.3 By Technology
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Offering
6.1.5.3 By Technology
6.1.5.4 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Deere & Company (U.S.)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2Trimble, Inc. (U.S.)
8.3 Leica Geosystems
8.4 AJ Junction, Inc.
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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- Asia-Pacific Precision Agriculture Market By Offering, From 2018-2023 ( USD Billion )
- Asia-Pacific Hardware Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Software Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Services Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Precision Agriculture Market By Application, From 2018-2023 ( USD Billion )
- Asia-Pacific Yield Monitoring Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Field Mapping Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Crop Scouting Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Weather Tracking & Forecasting Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Irrigation Management Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Inventory Management Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Farm Labor Management Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Financial Management Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Precision Agriculture Market By Technology, From 2018-2023 ( USD Billion )
- Asia-Pacific Guidance System Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Remote Sensing Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Variable Rate Technology Market By Region, From 2018-2023 ( USD Billion )
- Japan Precision Agriculture Market By Offering, From 2018-2023 ( USD Billion )
- Japan Precision Agriculture Market By Application, From 2018-2023 ( USD Billion )
- Japan Precision Agriculture Market By Technology, From 2018-2023 ( USD Billion )
- China Precision Agriculture Market By Offering, From 2018-2023 ( USD Billion )
- China Precision Agriculture Market By Application, From 2018-2023 ( USD Billion )
- China Precision Agriculture Market By Technology, From 2018-2023 ( USD Billion )
- India Precision Agriculture Market By Offering, From 2018-2023 ( USD Billion )
- India Precision Agriculture Market By Application, From 2018-2023 ( USD Billion )
- India Precision Agriculture Market By Technology, From 2018-2023 ( USD Billion )
- Australia Precision Agriculture Market By Offering, From 2018-2023 ( USD Billion )
- Australia Precision Agriculture Market By Application, From 2018-2023 ( USD Billion )
- Australia Precision Agriculture Market By Technology, From 2018-2023 ( USD Billion )
- South Korea Precision Agriculture Market By Offering, From 2018-2023 ( USD Billion )
- South Korea Precision Agriculture Market By Application, From 2018-2023 ( USD Billion )
- South Korea Precision Agriculture Market By Technology, From 2018-2023 ( USD Billion )
- Asia-Pacific Precision Agriculture Market Market By Software, From 2018-2023 ( USD Billion )
- Asia-Pacific Web Based Market By Region, From 2018-2023 ( USD Billion )
- Asia-Pacific Cloud Based Market By Region, From 2018-2023 ( USD Billion )
- Japan Precision Agriculture Market Market By Software, From 2018-2023 ( USD Billion )
- China Precision Agriculture Market Market By Software, From 2018-2023 ( USD Billion )
- India Precision Agriculture Market Market By Software, From 2018-2023 ( USD Billion )
- Australia Precision Agriculture Market Market By Software, From 2018-2023 ( USD Billion )
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