Global Imaging Technology Market for Precision Agriculture | Page 2

R e s e a r c h

Report Media Releases
Global Imaging Technology Market for Precision
Agriculture to Register a CAGR of 9.0% Between 2016 and
2024; Hyperspectral Technology Segment to Drive Market
Demand
In a new report titled “Imaging Technology Market for Precision Agriculture: Global Industry
Analysis and Forecast, 2016 - 2024”, Persistence Market Research analyzes the performance of
the global imaging technology market for precision agriculture over an eight-year

M a r k e t

period and provides insights on the key factors and trends likely to influence the market during
the forecast period (2016 – 2024). The global imaging technology market for precision
agriculture is anticipated to grow from US$ 567.4 Mn in 2016 to US$ 1,165.9 Mn by 2024,
registering a CAGR of 9.0% in terms of revenue during the forecast period (2016-2024). In this
report, the global imaging technology market for precision agriculture is tracked in terms of value
and is calibrated to obtain market revenue estimates.
Increasing adoption of imaging technologies for precision agricultural applications supported with
UAVs is a major factor driving the growth of the global imaging technology market for precision
agriculture. Demand for imaging technology for precision agriculture is strongly associated with

P e r s i s t e n c e

the growth of UAVs commercial applications market, as sensors are mounted on these UAVs in
order to capture the data. Moreover, demand for hyperspectral technologies is expected to
increase for precision agriculture applications because of the granularity of the information
provided by this technology, which can be used to make better crop management decisions.
However, lack of awareness about the technology, ambiguity about the returns, substitute
technologies available to farmers such as Global Navigation Satellite System (GNSS), and
unclear regulations for UAVs commercial applications across various countries are major
challenges expected to be faced by market players operating in the global imaging technology
market for precision agriculture during the forecast period.
Download Sample Report @ http://www.persistencemarketresearch.com/samples/12016
The global imaging technology market for precision agriculture is segmented into two main
segments – namely by technology and by product. The technology segmented is further sub-

Global Imaging Technology Market for Precision Agriculture 2016-2024