[January 29, 2015]

Research and Markets: Precision Farming Market by Technology, Components, Application and Geography - Global Forecasts to 2020

Research and Markets (http://www.researchandmarkets.com/research/gr4k9j/precision_farming) has announced the addition of the "Precision Farming Market by Technology, Components, Application and Geography - Global Forecasts to 2020" report to their offering.

Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Application (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) and Geography - Global Forecasts to 2020

Precision farming is observed to be in its matured phase in the U.S. market. Precision farming market is expected to see upgrades in the existing systems, along with the adoption of variable rate applicators driving the market growth. Outside the U.S., South America, APAC, and Europe; particularly, Brazil, Argentina, Eastern Europe, and China - are fuelling a strong double-digit growth as the are in early stages in the adoption life cycle; also, due to the large consolidated farming operations in those regions.

New developments in the agro-industry will also cater the demand for precision farming products. One of the largest applications of precision farming products is the variable rate technology; due to its high adoption rate and multiple applications it is expected to drive the industry growth in coming years. In addition to that,the U.S. Government is also providing support to adopt this technology to obtain high yields.

This report covers vital driving and restraining factors for this market. Encouraging government legislations and policies for adopting precision agriculture techniques, the growing food demand, crop health, energy and cost savings, and the growing ago industry are acting as driving factors for this industry. However, there are few factors which are acting as obstacles in the growth of precision farming market. These factors are high initial installation costs and lack of technical knowledge among the growers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Technology

8 Market, By Hardware & Software Components

9 Market, By Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

- AGCO Corporation

- Ag Leader Technology

- Agjunction Inc.

- Deere & Company.

- Dickey-John Corporation

- Precision Planting Inc.

- Raven Industries (News - Alert) Inc.

- Teejet Technologies

- Topcon Precision Agriculture

- Trimble Navigation Limited

For more information visit http://www.researchandmarkets.com/research/gr4k9j/precision_farming

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