Precision Farming Market expected to grow strongly by 2024 Precision Farming Market-Fractovia | Page 2

pesticide, and water required by each patch on the farm at precise times but can
regulate the whole irrigation setup as well.
• A Berlin-headquartered start-up, Infarm is known to build in-store farming units
to manage the growth of crops in the vertical farming domain. The farms are
apparently operated by the firm’s robust precision farming platform which
monitors thousands of distinct data points and personalizes the farm to suit the
needs of that particular unit. Each module is further equipped with a customized
ecosystem that tailors the temperature, nutrients, light spectrums, and pH which
ensures the agricultural produce is being grown as perfectly as possible.
Apparently, the innovative products of upcoming precision farming market firms
like Infarm are likely to reshape the agricultural landscape of cities, re-empower
people to take ownership of their food, and re-introduce forgotten or rare
varieties of crops over the ensuing years.
• Based on the research conducted at Israel’s Ministry of Agriculture’s Volcani
Institute, an emerging precision farming industry player Tevatronic has
developed an irrigation technology that collects precise soil-related data from
specific zones of the farmland. A smart controller converts this data in real time
to release predefined amounts of fertilizer and water with zero human
interference. The latest system has been praised extensively across the
precision farming industry as it accentuates the agricultural productivity from
15% to 31% and further saves up to 75% on fertilizer and water.
U.S. Precision Farming Market Size, By Component, 2016 & 2024 ($Mn)
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