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North America 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 (2022 to 2027).

Published: January, 2022
ID: 3506
Pages: 145

North America Precision Agriculture Market Size, Growth, Trends and Forecast:

North America Precision Agriculture Market was worth USD 2.64 billion in 2021 and is estimated to be growing at a rate of 13.5%, to reach USD 6.9 billion by 2026. Precision agriculture is the use of advanced technologies such as GPS and remote sensing in farming to track field conditions and make farming practices more accurate by sharing the field information with farmers from time to time.

Precision farming reduces a lot of human efforts and resources can be used efficiently to get better yields. GPS technology with high precision can be used to navigate agricultural vehicles such as tractors through the fields with 2cm accuracy. Geomapping technique provides farmers with maps showing the nutrient levels in the soil along with the type of soil and can be used to distribute fertilizers wherever necessary.

Drivers and Restraints of North America Precision Agriculture Market:

Rapid growth in population increased the demand for food production. To keep up with the food demand, farmers are adopting new farming practices resulting in the increase in demand for precision farming. Investments of private organizations to train farmers in using technology and easy availability of financial resources are the major factors driving the growth of precision farming market. High installation costs and lack of government initiatives in improving the availability of infrastructure to the farmers are the major restraining factors for the market.

North America Precision Agriculture Market Segmentation:

North America Precision Agriculture Market – By Offering:

  • Hardware

    • Automation & control system
      • Display
      • Guidance & steering
      • GPS system
      • Drones
      • Mobile devices
      • flow & application control devices
    • Sensing & Monitoring devices
      • Yield Monitors
      • Water sensors
      • Soil Sensors
      • climate sensors
  • Software and Services
    • Web based
    • cloud based software

Cloud based software is rapidly gaining popularity and is the fastest growing segment.

North America Precision Agriculture Market – By Technology:

  • 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.

North America Precision Agriculture Market – By Application:

  • Field Mapping
  • Crop Scouting
  • Weather Tracking & Forecasting
  • Inventory Management
  • Yield Monitoring
  • Irrigation Management
  • Farm Labor Management
  • Financial Management

Irrigation management is expected to be the fastest growing segment due to increasing scarcity of water.

Geographical Analysis:

Based on region, the North America precision farming market segmented into

  • USA
  • Canada

USA dominates the market due to the increased adoption of cloud based technology in this region. Canada precision farming market is rapidly growing due to the huge investment of Canadian government to develop precision farming.

Key Players:

Key Players 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 United States                                                            

                6.3 Canada                                                         

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.                                                        

                8.5Monsanto Company                                                

                8.6 AgSmarts Inc.                                                            

                8.7 CropMetrics LLC                                       

  1. North America Precision Agriculture  Market By Offering, From2022 - 2027 ( USD Billion )
  2. North America Hardware Market By Region, From2022 - 2027 ( USD Billion )
  3. North America Software Market By Region, From2022 - 2027 ( USD Billion )
  4. North America Services Market By Region, From2022 - 2027 ( USD Billion )
  5. North America Precision Agriculture  Market By Application, From2022 - 2027 ( USD Billion )
  6. North America Yield Monitoring Market By Region, From2022 - 2027 ( USD Billion )
  7. North America Field Mapping Market By Region, From2022 - 2027 ( USD Billion )
  8. North America Crop Scouting Market By Region, From2022 - 2027 ( USD Billion )
  9. North America Weather Tracking & Forecasting Market By Region, From2022 - 2027 ( USD Billion )
  10. North America Irrigation Management Market By Region, From2022 - 2027 ( USD Billion )
  11. North America Inventory Management Market By Region, From2022 - 2027 ( USD Billion )
  12. North America Farm Labor Management  Market By Region, From2022 - 2027 ( USD Billion )
  13. North America Financial Management Market By Region, From2022 - 2027 ( USD Billion )
  14. North America Precision Agriculture  Market By Technology, From2022 - 2027 ( USD Billion )
  15. North America Guidance System Market By Region, From2022 - 2027 ( USD Billion )
  16. North America Remote Sensing Market By Region, From2022 - 2027 ( USD Billion )
  17. North America Variable Rate Technology Market By Region, From2022 - 2027 ( USD Billion )
  18. United States Precision Agriculture  Market By Offering, From2022 - 2027 ( USD Billion )
  19. United States Precision Agriculture  Market By Application, From2022 - 2027 ( USD Billion )
  20. United States Precision Agriculture  Market By Technology, From2022 - 2027 ( USD Billion )
  21. Canada Precision Agriculture  Market By Offering, From2022 - 2027 ( USD Billion )
  22. Canada Precision Agriculture  Market By Application, From2022 - 2027 ( USD Billion )
  23. Canada Precision Agriculture  Market By Technology, From2022 - 2027 ( USD Billion )
  24. North America Precision Agriculture Market Market By Software, From2022 - 2027 ( USD Billion )
  25. North America Web Based Market By Region, From2022 - 2027 ( USD Billion )
  26. North America Cloud Based Market By Region, From2022 - 2027 ( USD Billion )
  27. United States Precision Agriculture Market Market By Software, From2022 - 2027 ( USD Billion )
  28. Canada Precision Agriculture Market Market By Software, From2022 - 2027 ( USD Billion )

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