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North America’s $5.66Bn Precision Agriculture Market by Technology, Type, Component, Application and Region - Forecast to 2024 - ResearchAndMarkets.com

January 2, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 2, 2020--

The “North America Precision Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The North America precision agriculture market reached a value of US$ 2.87 Billion in 2018. Looking forward, the market is projected to reach a value of US$ 5.66 Billion by 2024, registering a CAGR of around 12% during 2019-2024.

North America precision agriculture market is currently being driven by several factors.

Being an urbanized region, the farmers in the region are increasingly relying on smartphones and other intelligent mediums to remain updated about the latest development in the agricultural sector. Moreover, through precision agriculture, farmers can easily determine the peak conditions required for plant growth by placing sensors throughout the place. These sensors are connected to digital applications and record rainfall, soil conditions in different areas, thereby helping the farmers to maximize their benefits.

Apart from this, the precision agriculture techniques enable its users to visualize production levels, soil moisture, and sunlight intensity in real-time and remotely accelerate the decision-making process. The data collected from these techniques enable agronomists to properly analyze the production quality and result in better correlation to treatments. These analyses are further used to educate farmers about the processes that are to be used for production, thereby improving the quality of the final product.

Key Questions Answered in This Report

Report Coverage

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Precision Agriculture Market

5.1 Market Performance

5.2 Market Breakup by Technology

5.3 Market Breakup by Type

5.4 Market Breakup by Component

5.4 Market Breakup by Application

5.5 Market Breakup by Region

5.6 Market Forecast

6 North America Precision Agriculture Market

6.1 Market Performance

6.2 Market Forecast

7 North America Precision Agriculture Market: Breakup by Technology

7.1 GNSS/GPS Systems

7.2 GIS

7.3 Remote Sensing

7.4 Variable Rate Technology (VRT)

7.5 Others

8 North America Precision Agriculture Market: Breakup by Type

8.1 Automation and Control Systems

8.2 Sensing and Monitoring Devices

8.3 Farm Management Systems

9 North America Precision Agriculture Market: Breakup by Component

9.1 Hardware

9.2 Software

10 North America Precision Agriculture Market: Breakup by Application

10.1 Mapping

10.2 Crop Scouting

10.3 Yield Monitoring

10.4 Soil Monitoring

10.5 Precision Irrigation

10.6 Others

11 North America Precision Agriculture Market: Breakup by Country

11.1 United States

11.1.1 Historical market Trends

11.1.2 Market Breakup by Technology

11.1.3 Market Breakup by Type

11.1.4 Market Breakup by Component

11.1.4 Market Breakup by Application

11.1.5 Market Forecast

11.2 Canada

11.2.1 Historical market Trends

11.2.2 Market Breakup by Technology

11.2.3 Market Breakup by Type

11.2.4 Market Breakup by Component

11.2.4 Market Breakup by Application

11.2.5 Market Forecast

12 SWOT Analysis

12.1 Overview

12.2 Strengths

12.3 Weaknesses

12.4 Opportunities

12.5 Threats

13 Value Chain Analysis

14 Porter’s Five Forces Analysis

14.1 Overview

14.2 Bargaining Power of Buyers

14.3 Bargaining Power of Suppliers

14.4 Degree of Rivalry

14.5 Threat of New Entrants

14.6 Threat of Substitutes

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/oubk0s

View source version on businesswire.com:https://www.businesswire.com/news/home/20200102005182/en/

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PUB: 01/02/2020 04:32 AM/DISC: 01/02/2020 04:32 AM