The global imaging technology for precision agriculture market size is expected to reach USD 1,521.3 Million in 2028 and register a CAGR of 8.6% over the forecast period, according to latest analysis by Emergen Research. Steady revenue growth of the market can be attributed to increased food production to feed a growing population. Adoption of data analytics, ease of aerial imagery, and deep learning in the agricultural sector to improve crop yield is driving revenue growth of the global imaging technology for precision farming market. Rising need for maximizing crop yield while minimizing labor, input costs, resources, and wastage is resulting in collaboration between farmers and agtech companies for adoption of advanced imaging technologies for precision farming. Furthermore, increasing need to minimize the cost of water and fertilizer management and to control pests from causing crop damage is expected to boost demand for imaging systems in the agriculture sector during the forecast period. The high-quality end images offered by advanced imaging technologies help farmers to save money and cost on resources. Moreover, governments of various countries are supporting development of advanced imaging technologies by funding agtech companies in order to help agricultural businesses maximize production in fields and greenhouses, which is driving growth of the imaging technology for precision agriculture market.
Some of the key factors driving the growth of the global Imaging Technology for Precision Agriculture market include expanding R&D efforts to develop novel Imaging Technology for Precision Agriculture products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Imaging Technology for Precision Agriculture
The COVID-19 pandemic had a significant negative influence on the market for Imaging Technology for Precision Agriculture in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Imaging Technology for Precision Agriculture were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Imaging Technology for Precision Agriculture in 2020. Additionally, demand for Imaging Technology for Precision Agriculture decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Imaging Technology for Precision Agriculture market : Competitive Landscape
The prominent players operating in the Imaging Technology for Precision Agriculture market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Imaging Technology for Precision Agriculture market .
Some of the prominent players operating in the market are:
Tetracam, Bayspec, MicaSense, XIMEA, Teledyne DALSA, Resonon Inc., Pixelteq, Sentek Technologies, Quest-Innovations BV, and 4D Technologies
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Imaging Technology for Precision Agriculture market ?
What are the key factors driving the Global Imaging Technology for Precision Agriculture market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Imaging Technology for Precision Agriculture market ?
Who are the distributors, traders, and dealers of Imaging Technology for Precision Agriculture market ?
What are the Imaging Technology for Precision Agriculture market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Technology Outlook (Revenue, USD Million; 2021–2028)
- Hyperspectral Technology
- Multispectral Technology
-
Product Outlook (Revenue, USD Million; 2021–2028)
- Sensors
- Cameras
- Software
- Others
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Regional Outlook (Revenue, USD Million; 2021–2028)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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Regional Bifurcation of the Imaging Technology for Precision Agriculture market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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