Zion Market Research Global Precision Farming Market, 2015 – 2021 | Page 3

Precision Farming Market
On the basis of technology, the global precision farming market is segmented as guidance
systems, GPS, variable rate technologies, telematics, and remote sensing. GPS is the
leading technology segment among all in the market. Furthermore, the global market is
divided based on hardware as radar, ASS, sensors, GPS, drones, and others. While on the
basis of software, it is further bifurcated as crop management, GIS, inventory management,
financial management, forecasting, people management, and others.
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North America is the leading regional segment in the global precision farming market.
However, it shows considerable growth in the market mainly owing to technological
upgrades. The US is also trying to gain the significant position in the global market. Asia
Pacific is also anticipated to witness the high growth due to increased double income and
population in this region. Rising food demand in Europe positively impacts the global
market. Emerging economies such as India and China hold the highest market share in the
precision farming market.
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market
Some of the major players dominating the precision farming market are AG Leader
Technology, Deere & Company, Trimble Navigation System, Dickey-John Corporation,
AgJunction Inc., Teejet Technologies, AG Business & Crop Inc., and Case IH. Other key
players influencing the global market include ACGO Corporation, SOYL Precision Farming,