Robust digital transformation in the agricultural sector has changed the way farmers perform routine tasks and complex activities. The use of the Internet of Things (IoT), artificial intelligence (AI), mobile phones, and data analytics has enabled farmers to increase production while reducing costs. This has led to an increase in the popularity of precision agriculture which allows to optimize crop yields with lesser physical effort on the farmer’s end. Precision agriculture makes use of tools such as geomapping, remote sensing, climate monitoring systems, agricultural drones, and guidance software to help farmers perform tasks more efficiently and accurately. These include pre and post-processing analysis, information mapping, display controller interfacing, farm accounting, and planning. As a result, it is expected that the smart agriculture sector will see significant growth in the coming years, driving the precision agriculture market to sound maturity.
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Demand for Sustainable and Economical Farming to Accelerates Precision Agriculture Market Expansion
The global call to harness emerging technologies to realize sustainable development goals has propelled the farming industry to use novel solutions, such as precision agriculture tools. The widespread usage of precision agriculture tools is enabling farmers to produce more crops with lesser negative impact on the environment. Such tools can provide good economic returns while promoting sustainability through more efficient use of water, land, soil, pesticides, and fertilizers. Thus, precision agriculture technologies can significantly improve agricultural productivity. With an increase in the usage of these technologies, crop yields could potentially increase and better management practices be incorporated. The cumulative force of these benefits is expected to contribute to the growth of the precision agriculture market, creating fresh revenue opportunities on a global scale.
Smartphone Integration with Agriculture Technology to Open New Growth Prospects for Precision Agriculture Market
In the agricultural sector, smartphones have become a necessity to run agile, seamless, and proactive operations. Various applications that are compatible with advanced smartphone technology allow farmers to remotely monitor their fields. Moreover, data can be stored in the cloud which facilitates informed decision-making in real-time. Farmers can also use smartphones to stay informed about climatic changes and other environmental and local factors that could impact production and distribution plans. All this has made integration of smartphone technology with precision agriculture tools essential. In the near future, this is expected to improve farmer satisfaction in terms of production, output, and efficiency, unleashing transformative opportunities in the precision agriculture market.
North America to Rise as the Leader in Precision Agriculture Market amid Robust Tech Adoption
In recent years, precision agriculture has seen strong growth in developed economies in North America due to the early adoption of this technology and supportive government policies. Governments in the region have been encouraging the use of emerging technologies in the agriculture sector to meet growing food demand, thus promoting precision agriculture among farmers. This is expected to augment the demand for precision agriculture technologies in North America. During the forecast period, these factors are set to unleash novel growth opportunities in North America’s precision agriculture market.
Major Market Players
Some of the key players in precision agriculture market include Trimble Inc, Deere & Company, Raven Industries, Granular AG, Fairport Farm Software, Teejet Technologies, and AGCO Corporation.
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