Precision Planting Market Research Report
Growth opportunities in the precision planting market look
promising over the next six years. This is mainly due to the soaring preference
towards the adoption of advanced modern technology equipment for extensive crop
production.
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Precision Planting Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The increasing inclination towards acquiring the latest
technological equipment for large-scale crop production to fulfil the worldwide
massive population challenge drives the growth of the global precision
planting market. For example, Mahindra and Mahindra Limited's Farm
Equipment Sector (FES), in 2020, introduced advanced modern technology-based
precision potato planting machinery named 'PlantingMaster Potato +.' The
machine was designed and developed in partnership with Dewulf, a Europe-based
leader in potato machinery. Moreover, the augmenting demand for crop production
to distribute the worldwide population is witnessed potential growth for the
precision planting market growth. For instance, according to the Population UN
Organization Report in 2019, the world's population touched approximately 7.7
Billion and is expected to reach 8.6 Billion by 2030. Thus, this acceleration
in the population throughout the world will require sophisticated technology to
improve crop production, which precision planting methods can do. However, the
excessive cost for innovatory equipment required in farming and high skills to
manage the digital tools with accurate knowledge and training will restrain the
precision planting market share.
Regional
Drivers
Based on the regional coverage, North America is predicted
to lead the market over the forecast period. This is primarily attributed to
the prevalence of major technology players coupled with the fast acceptance of
developed technology for agriculture accompanied by Europe and Asia-pacific. On
the other hand, Asia Pacific is projected to expand at a faster CAGR during the
forecast period. This is owing to its augmenting demand and favorable
strategies and schemes of government to improve the crop production required
for the huge population. For example, In India, precision farming 'Fasal' has
initiated a plug-and-play IoT and sensors-based system named 'Fasal Kranti.'
The device aims to make farming more valuable and sustainable in upgraded
data-driven decisions on the farm concerning fertigation, irrigation, disease,
and pest management. The Fasal has assembled a world-class solution for core
problems for horticulture farmers and has decided to extend to 13 Million
hectares of the farm under horticulture with an investment of USD 2.7 Billion
under Fasal Kranti in India.
Precision
Planting Market’s leading Manufacturers:
·
Ag Leader Technology
·
Cassidian
·
Agco Corporation.
·
Davimac Manufacturing
·
Stara S/A Indústria De Implementos Agrícolas
·
Buhler Industries Inc.
·
Deere & Company
·
Seedmaster
·
Alenia Aeronautica
·
Kubota Corporation
·
Kasco Manufacturing Co., Inc.
·
Vaderstad North America
·
Trimble Inc.
Precision Planting Market Segmentation:
Segmentation by Offering
·
Software
·
Hardware
·
Services
Segmentation by System Type
·
Drones
·
Precision Air Seeders
·
High-Speed Precision Planting Systems
Segmentation by Farm Size
·
Above 400 Hectares
·
Below 400 Hectares
Segmentation by Drive Type
·
Hydraulic
·
Electric
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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