Middle East and Africa Precision Agriculture Market was worth USD 0.9 billion in 2021 and is estimated to be growing at a rate of 11.7%, to reach USD 1.00- billion by 2026.
Precision agriculture is a modern-day agricultural practice which uses various appliances to observe and measure the variability in crops and enables farmers to respond to those changes. The major objective of precision agriculture is to make decision making regarding management of farms and optimize the resources to be used.
The practice of precision farming is possible due to the introduction of Global Positioning Systems (GPS). The ability to locate precise positions made it easy to create spatial variability maps of soil humidity, nutrient levels, yield of crops and topography of the land. This data can be used to reduce the wastage during resource distribution.
Drivers and Restraints of Middle East and Africa Precision Agriculture Market:
Availability of unmanned aerial vehicles, optimized returns for inputs and sustainable farming are expected to propel the precision agriculture market. Increase in demand for new agricultural practices to increase productivity and rapid growth of population are also driving the market growth. Unaffordable costs of the equipment by farmers in middle- and low-income countries, lack of awareness amongst the farmers are the major restraining factors for precision agriculture market.
Middle East and Africa Precision Agriculture Market – By Offering:
Cloud based software is rapidly gaining popularity and is the fastest growing segment.
Middle East and Africa Precision Agriculture Market – By Technology:
Guidance system is the largest market segment as it includes GPS and GIS which are essential in precision farming.
Middle East and Africa Precision Agriculture Market – By Application:
Irrigation management is expected to be the fastest growing segment due to increasing scarcity of water.
Middle East and Africa Precision Agriculture Market Geographical Analysis:
Based on geography, the market for precision agriculture is analyzed under Middle East and Africa regions. This region offers a diverse and large agricultural market. Water scarcity in countries of Middle East countries are driving farmers towards the use of modern agricultural practices is expected to propel the market for precision agriculture in this region. Developing countries in Africa region such as South Africa are rapidly adapting to the use of technology in agriculture is also expected to drive the market.
Major companies in the market for precision agriculture 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.
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