Yield Monitoring Devices and Services Market to reach $2.51 Billion by 2020 – New Report by MarketsandMarkets
(PRWEB) December 01, 2014 -- The report "Yield Monitoring Devices and Services Market by Technology (GPS/GNSS, GIS, Remote Sensing), Components (Sensors, GPS/GNSS, Display, Guidance & Steering, and Software & Services) and Geography - Global Forecasts to 2020" defines and segments the temperature sensors market into various segments with an in-depth analysis and forecasting of revenues.
This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps. The total Yield Monitoring Devices and Services Market is expected to reach $2.51 Billion by 2020, growing at a CAGR of 7.17% from 2014 to 2020.
The market is segmented on the basis of technologies such as guidance systems and remote sensing. Guidance systems are further segmented into GPS (Global Positioning Systems) and GIS (Global Information Systems). Remote sensing is further segmented into hand-held and satellite based sensing.
Browse 65 market data Tables and 64 Figures spread through 208 Pages and in-depth TOC on "Yield Monitoring Devices and Services Market."
http://www.marketsandmarkets.com/Market-Reports/yield-monitoring-market-128494885.html
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Yield monitoring devices are the recent developments in the agricultural sector that allow farmers to assess the effects of weather, soil properties, fertilizers, and pesticides on yield production. Yield monitoring is considered to be the first step to implement site-specific crop management or precision farming. Yield monitoring devices and services are intended to provide farmers with an accurate assessment of the yield variation within the field, by producing the yield map of the field. The procedure of continuously recording the grain flow with the help of monitoring device, combined with the harvester while at the same time integrating with the actual harvest position in the field, is known as yield mapping. The yield and position data is stored and used to generate the yield map of the field.
In spite of the rapid growth of global commerce and the widespread availability of equipment for yield monitoring and Variable Rate Application (VRA), adoption rates appear to differ sharply from one country to another. The increasing demand for food is propelling the growers to adopt yield monitoring techniques and optimize their resources efficiently with minimum wastages.
The report provides a detailed segmentation by technology, component, and application. The geographic analysis covers all existing and emerging technologies in the yield monitoring devices and services market. The market based on technology is segmented into guidance system and remote sensing. The market based on hardware components and software is segmented into hardware components such as sensors, GPS/GNSS devices, display devices, guidance, and steering; and software services such as yield data management software as well as consulting and training services. The report also covers major applications of yield monitoring techniques such as field mapping, VRA, soil monitoring, and crop scouting with qualitative and quantitative industry insights.
One of the objectives of the report is to analyze market trends for each of the Yield Monitoring Devices and Services Market segments and their respective growth rates. Apart from market segmentation, the report also covers an in-depth analysis such as Porter's five force analysis, supply chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for this market.
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The market size for yield monitoring devices and services is included in the report in five geographic splits, namely North America, South America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is estimated to account for a major share in the Yield Monitoring Devices and Services Market, which is expected to be followed by Europe and RoW.
The competitive landscape section of the report entails key growth strategies and detailed market share analysis of the key industry players. Major companies in this market are Ag Leader Technology (U.S.), Deere & Company (U.S.), Precision Planting Inc. (U.S.), Raven Industries Inc. (U.S.), AgJunction Inc. (U.S.), AGCO Corporation (U.S.), Trimble Navigation Limited (U.S.), Case IH (U.S.), TeeJet Technologies (U.S.), and Topcon Precision Agriculture (U.S.).
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