Latin America Precision Farming Market By Technology (Remote Sensing, Guidance System And Variable Rate Technology), By Offering (Hardware, Software And Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Inventory Management, Irrigation Management, Farm Labor Management, Financial Management And Weather Tracking) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017 To 2022)

Latin America Precision Farming Market By Technology (Remote Sensing, Guidance System And Variable Rate Technology), By Offering (Hardware, Software And Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Inventory Management, Irrigation Management, Farm Labor Management, Financial Management And Weather Tracking) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017 To 2022)

ID: 6460 | Pages: 145 | February 2018 | Region: Latin America


The Latin America Precision Farming Market was worth USD 0.5 billion in 2017 and is projected to grow at a CAGR of 14.4%, to reach USD 0.9 billion by 2022. Precision farming is one of the advanced farming techniques. It involves measuring, observing and responding to the variability in crops, farming field and weather. The objective of precision farming is to aid the farmers to make precise decisions and to increase output to input ratio through optimal use of resources.

It reduces human efforts on field through the use of automated and semi-automated agricultural devices which can be controlled from a distance with the help of remote sensing and satellite guiding technology. With the use of installed sensors in the field, temperature, soil humidity and soil nutrition levels can be analyzed and take appropriate actions.

Increasing use of cloud based technology, growing adoption rate of modern farming techniques to enhance productivity, growing food demand are the major factors driving the precision agriculture market. The increasing need to increase the food production in the available agricultural land and government initiatives to increase the usage of modern technologies in agriculture are propelling the market growth. However, requirement of high initial investment and lack of proper awareness among the farmers are hindering the market growth.

The precision farming market is segmented on the basis of offering, technology, application and region. By offering, the market is categorized into Hardware, Software and Services. The hardware segment is further categorized into Automation and control system and Sensing and Monitoring devices. Automation and control systems dominate the market in this segment as they heavily reduce the human effort and aid in the increase of productivity. The Software segment is further segmented into Web based and cloud based software. Cloud based software is the fastest growing segment due to its vast database and high demand. On the basis of technology, the market is segmented into Guidance system, Variable rate technology, and remote sensing. Guidance system is the largest market segment as it precision agriculture is highly relied on using GPS and GIS systems. Based on Application, the market is segmented into Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management and Financial Management. Irrigation management holds the largest market share in precision farming market due to the increasing scarcity of water and increasing adoption of micro irrigation control systems in agriculture. However, yield monitoring is expected to be the fastest growing segment due to the growing food demand with rapidly growing population.

On the basis of region, the Latin America Precision Farming market is segmented into Brazil, Argentina, Mexico and Rest of South America. Brazil leads the precision farming market due to the growing economic conditions and increasing government initiatives to increase agricultural productivity.

Some of the major players in Precision Farming market are Raven Industries, Deere & Company, AGCO Corporation, Trimble Navigation Ltd, Monsanto Company, Dupont, Agjunction, Inc, Precision Planting, Inc, SST Development Group, 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 Technology                                                 

                                5.1.1 Introduction                                           

                                5.1.2 Remote Sensing                                   

                                                5.1.2.1 Handheld                             

                                                5.1.2.2 Satellite Sensing                

                                5.1.3 Guidance System                                 

                                                5.1.3.1 Global Positioning System                            

                                                5.1.3.2 Geographical Information System                             

                                5.1.4 Variable Rate Technology                                 

                                                5.1.4.1 Sensor-Based                     

                                                5.1.4.2 Map-Based                         

                                5.1.5  Y-o-Y Growth Analysis, By Technology                                       

                                5.1.6  Market Attractiveness Analysis, By Technology                                     

                                5.1.7  Market Share Analysis, By Technology                                       

                5.2 Offering                                                       

                                5.2.1 Introduction                                           

                                5.2.2 Hardware                                

                                                5.2.2.1 Sensing and Monitoring Devices                

                                                                5.2.2.1.1 Yield Monitors

                                                                5.2.2.1.2 Soil Sensors     

                                                                                5.2.2.1.2.1 Moisture Sensors

                                                                                5.2.2.1.2.2 Nutrient Sensors

                                                                                5.2.2.1.2.3 Temperature Sensors

                                                                5.2.2.1.3 Water Sensors               

                                                                5.2.2.1.4 Climate Sensors             

                                                                5.2.2.1.5 Others               

                                                5.2.2.2 Automation & Control System                    

                                                                5.2.2.2.1 Display               

                                                                5.2.2.2.2 Guidance and Steering               

                                                                5.2.2.2.3 Drones/UAV   

                                                                5.2.2.2.4 Mobile Devices/Handheld Computers 

                                                                5.2.2.2.5 GPS/GNSS System       

                                                                5.2.2.2.6 Flow and Application Control Devices  

                                                                5.2.2.2.7 Others               

                                5.2.3 Software                                  

                                                5.2.3.1 Web Based                          

                                                5.2.3.2 Cloud Based                        

                                5.2.4 Services                                    

                                                5.2.4.1 Managed Services                            

                                                                5.2.4.1.1 Farm Operation Services           

                                                                5.2.4.1.2 Analytics Services         

                                                                5.2.4.1.3 Data Services  

                                                5.2.4.2 Assisted Professional Services                    

                                                                5.2.4.2.1 Supply Chain Management Services     

                                                                5.2.4.2.2 Climate Information Services   

                                                                5.2.4.2.3 Others               

                                                5.2.4.3 Connectivity Services                      

                                                5.2.4.4 System Integration and Consulting                           

                                                5.2.4.5 Maintenance and Support Services                          

                                5.2.5 Y-o-Y Growth Analysis, By Offering                                              

                                5.2.6 Market Attractiveness Analysis, By Offering                                            

                                5.2.7 Market Share Analysis, By Offering                                              

                5.3 Application                                                 

                                5.3.1 Introduction                                           

                                5.3.2 Field Mapping                                        

                                                5.3.2.1 Drainage Mapping                            

                                                5.3.2.2 Boundary Mapping                          

                                5.3.3 Yield Monitoring                                   

                                                5.3.3.1 On-Farm Yield Monitoring                            

                                                5.3.3.2 Off-Farm Yield Monitoring                            

                                5.3.4 Crop Scouting                                        

                                5.3.5 Inventory Management                                    

                                5.3.6 Irrigation Management                                     

                                5.3.7 Farm Labor Management                                 

                                5.3.8 Financial Management                                      

                                5.3.9 Weather Tracking & Forecasting                                    

                                5.3.10 Others                                    

                                5.3.11 Y-o-Y Growth Analysis, By Application                                      

                                5.3.12  Market Attractiveness Analysis, By Application                                   

                                5.3.13  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 Technology                   

                                                6.1.3.3 By Offering                          

                                                6.1.3.4 By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Technology                   

                                                6.1.4.3 By Offering                          

                                                6.1.4.4 By Application                    

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Technology                   

                                                6.1.5.3 By Offering                          

                                                6.1.5.4 By Application                    

                6.2 Brazil                                                             

                6.3 Mexico                                                         

                6.4 Rest of Latin America                                                             

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 Raven Industries                                                      

                                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                                          

                8.2 Deere & Company                                                   

                8.3 AGCO Corporation                                                  

                8.4 Trimble Navigation Ltd                                                           

                8.5 Monsanto Company                                                               

                8.6 Dupont                           &n

  • 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 by application 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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  1. Latin America Precision Farming Market By Technology , From 2017-2022 ( USD Billion )
  2. Latin America Remote Sensing Market By Region, From 2017-2022 ( USD Billion )
  3. Latin America Guidance System Market By Region, From 2017-2022 ( USD Billion )
  4. Latin America Variable Rate Technology Market By Region, From 2017-2022 ( USD Billion )
  5. Latin America Precision Farming Market By Offering , From 2017-2022 ( USD Billion )
  6. Latin America Hardware Market By Region, From 2017-2022 ( USD Billion )
  7. Latin America Software  Market By Region, From 2017-2022 ( USD Billion )
  8. Latin America Services Market By Region, From 2017-2022 ( USD Billion )
  9. Latin America Precision Farming Market By Application , From 2017-2022 ( USD Billion )
  10. Latin America Yield Monitoring Market By Region, From 2017-2022 ( USD Billion )
  11. Latin America Field Mapping Market By Region, From 2017-2022 ( USD Billion )
  12. Latin America Crop Scouting Market By Region, From 2017-2022 ( USD Billion )
  13. Latin America Inventory Management Market By Region, From 2017-2022 ( USD Billion )
  14. Latin America Farm Labor Management Market By Region, From 2017-2022 ( USD Billion )
  15. Latin America Financial Management  Market By Region, From 2017-2022 ( USD Billion )
  16. Latin America Financial Management  Market By Region, From 2017-2022 ( USD Billion )
  17. Latin America Weather Tracking Market By Region, From 2017-2022 ( USD Billion )
  18. Latin America Others Market By Region, From 2017-2022 ( USD Billion )
  19. Brazil Precision Farming Market By Technology , From 2017-2022 ( USD Billion )
  20. Brazil Precision Farming Market By Offering , From 2017-2022 ( USD Billion )
  21. Brazil Precision Farming Market By Application , From 2017-2022 ( USD Billion )
  22. Argentina Precision Farming Market By Technology , From 2017-2022 ( USD Billion )
  23. Argentina Precision Farming Market By Offering , From 2017-2022 ( USD Billion )
  24. Argentina Precision Farming Market By Application , From 2017-2022 ( USD Billion )
  25. Mexico Precision Farming Market By Technology , From 2017-2022 ( USD Billion )
  26. Mexico Precision Farming Market By Offering , From 2017-2022 ( USD Billion )
  27. Mexico Precision Farming Market By Application , From 2017-2022 ( USD Billion )
  28. Rest of Latin America Precision Farming Market By Technology , From 2017-2022 ( USD Billion )
  29. Rest of Latin America Precision Farming Market By Offering , From 2017-2022 ( USD Billion )
  30. Rest of Latin America Precision Farming Market By Application , From 2017-2022 ( USD Billion )
  31. Latin America Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  32. Latin America Sensing and Monitoring Devices Market By Region, From 2017-2022 ( USD Billion )
  33. Latin America Automation & Control System Market By Region, From 2017-2022 ( USD Billion )
  34. Brazil Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  35. Argentina Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  36. Mexico Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  37. Latin America Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  38. Latin America Sensing and Monitoring Devices Market By Region, From 2017-2022 ( USD Billion )
  39. Latin America Automation & Control System Market By Region, From 2017-2022 ( USD Billion )
  40. Brazil Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  41. Argentina Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
  42. Mexico Precision Farming Market By Hardware, From 2017-2022 ( USD Billion )
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