According to the latest report by IMARC Group, titled “North America Precision Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the North America precision agriculture market size exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the North America precision agriculture market to grow at a CAGR of 13.7% during 2021-2026.
Precision agriculture, or satellite farming, is a sustainable farming practice that involves monitoring and controlling the variability in farm operations. It is used for soil monitoring, crop scouting, mapping, yield monitoring, weather tracking and forecasting, precision irrigation and farm labor management. Precision agriculture assists the farmers in minimizing the usage of fertilizers, pesticides and herbicides, thereby making the technique cost-effective and environment friendly.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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North America Precision Agriculture Market Trends:
The North America precision agriculture market is primarily being driven by the increasing demand for food and agricultural products. Farmers are widely adopting precision agriculture as it aids in improving the quality and quantity of healthy food crops. Moreover, various technological advancements, such as the integration of global positioning system (GPS) and remote sensing solutions in farming, are providing a thrust to the market growth. These technologies assist in tracking field conditions, navigating agricultural vehicles and real-time monitoring of the crops. Other factors, including the increasing consumer awareness regarding adverse effects of pesticides and fertilizers on human health, along with the implementation of favorable government practices, are creating a positive outlook for the market.
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North America Precision Agriculture Market 2021-2026 Analysis and Key Market Segmentation:
Market Breakup by Technology
- GNSS/GPS Systems
- GIS
- Remote Sensing
- Variable Rate Technology (VRT)
- Others
Market Breakup by Type
- Automation and Control Systems
- Sensing and Monitoring Devices
- Farm Management Systems
Market Breakup by Component
- Hardware
- Software
Market Breakup by Application
- Mapping
- Crop Scouting
- Yield Monitoring
- Soil Monitoring
- Precision Irrigation
- Others
Market Breakup by Regions:
- United States
- Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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