Precision Farming Equipment Market to Grow at 13.07% CAGR by 2018 Says a New Research Report at Sandlerresearch.org
Dallas, Texas (PRWEB) March 15, 2014 -- Vendors in the Global Precision Farming Equipment market are increasingly focused on making the tools used in the precision farming process easy to use for agriculturists and farmers. They are focused on providing a better and easier user-interface and innovative features that will help farmers make critical decisions to improve crop yield, turn data into decision enablers, and for environmental protection. The user-interfaces are also expected to allow agriculturalists to integrate time and activity management. Despite the fact that manufacturers develop and promote products that are designed for specific purposes, each product uses a different user-interface. They also provide manuals to users to assist them when using this equipment. Manufacturers are also expected to introduce a better, improved, and easier user-interface in the coming years that will not require the use of a manual.
Analysts forecast the Global Precision Farming Equipment market will grow at a CAGR of 13.07 percent over the period 2013-2018. According to the report, one of the main factors driving the market is the improved profitability provided to farmers when using this scientific method of farming. Precision farming uses GNSS, which provides better information to farmers and agriculturists, leading to improved profitability.
Further, the report states that one of the main challenges restricting the growth of market is the expensive nature of precision farming methodology. The initial investment associated with precision farming is extremely high as it uses advanced technology for farming and satellite systems such as GNSS for data collection and analysis.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
The report recognizes the following companies as the key players in Global Precision Farming Equipment Market: Deere and Co., Precision Planting Inc., Raven Industries Inc., Trimble Navigation Ltd., AgJunction Inc., AGLeader Technology Inc., IntegriNautics Corp., Schmidt and Sons Inc., and Spraying Systems Co.
The other vendors mentioned in the report are AgJunction Inc., AGLeader Technology Inc., IntegriNautics Corp., Schmidt and Sons Inc., and Spraying Systems Co.
Purchase Report at http://www.sandlerresearch.org/purchase?rname=15749.
Key questions answered in this report:
What will the market size be in 2018 and what will be the growth rate?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of each of these key vendors?
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Precision Farming Methodology
06.1 Components of Precision Farming
06.1.1 Yield monitoring
06.1.2 Yield mapping
06.1.3 Variable rate fertilizer
06.1.4 Weed mapping
06.1.5 Variable spraying
06.1.6 Topography and boundaries
06.1.7 Salinity mapping
06.1.8 Guidance systems
06.1.9 Records and analyses
06.2 Working Process of Precision Farming
07. Market Landscape
07.1 Market Overview
07.2 Market Size and Forecast
07.3 Five Forces Analysis
08. Geographical Segmentation
09. Key Leading Countries
09.1 USA
09.2 Japan
09.3 China
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1 Competitive Scenario
17.2 Other Prominent Vendors
18. Key Vendor Analysis
18.1 Deere and Company
18.1.1 Business Overview
18.1.2 Business Segmentation
18.1.3 Key Information
18.1.4 SWOT Analysis
18.2 Trimble Navigation Ltd.
18.2.1 Business Overview
18.2.2 Business Segmentation
18.2.3 Key Information
18.2.4 SWOT Analysis
18.3 Raven Industries Inc.
18.3.1 Business Overview
18.3.2 Business Segmentation
18.3.3 Key Information
18.3.4 SWOT Analysis
18.4 Precision Planting Inc.
18.4.1 Business Overview
18.4.2 Business Segmentation
18.4.3 Key Information
18.4.4 SWOT Analysis
19. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Components of Precision Farming
Exhibit 3: Working Process of Precision Farming
Exhibit 4: Global Precision Farming Market 2013-2018 (US$ billion)
Exhibit 5: Global Precision Farming Market by Geographical Segmentation 2013
Exhibit 6: Business Segmentation of Deere and Company
Exhibit 7: Business Segmentation of Trimble Navigation Ltd
Exhibit 8: Business Segmentation of Raven Industries Inc.
Exhibit 9: Business Segmentation of Precision Plating Inc. ?
Explore other new reports on Agribusiness at http://www.sandlerresearch.org/market-research/agribusiness.
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Sandlerresearch.org (http://www.sandlerresearch.org/) is an online market research store for research reports on multiple industries. These reports provide market analysis, trends and opportunities and forecast about industries that helps to make a right decision for the business.
Priyank Tiwari, Sandlerresearch.org, http://www.sandlerresearch.org/, +1 (888) 391-5441, [email protected]
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