The North America precision agriculture market reached a value of US$ 2.87 Billion in 2018. Precision agriculture, also known as satellite agriculture or site-specific crop management (SSCM), is one of the most popular innovations witnessed by modern farming. It is the concept of managing accurate variabilities within a field to grow more food with less agricultural inputs while reducing the overall production cost. Precision agriculture relies upon specialized equipment, software and IT services to offer real-time data about the condition of the soil, ambient air and crops as well as other important information, such as labor costs, availability of equipment and local weather predictions. The retrieved data is used by farmers to know about the precise planting times, crop rotation and harvesting time. It also helps farmers in reducing the usage of water, pesticides, herbicides and fertilizers, thereby, making the technique cost-effective.
North America precision agriculture market is currently being driven by several factors. Being an urbanized region, the farmers in the region are increasingly relying on smartphones and other intelligent mediums to remain updated about the latest development in the agricultural sector. Moreover, through precision agriculture, farmers can easily determine the peak conditions required for plant growth by placing sensors throughout the place. These sensors are connected to digital applications and record rainfall, soil conditions in different areas, thereby helping the farmers to maximize their benefits. Apart from this, the precision agriculture techniques enable its users to visualize production levels, soil moisture, and sunlight intensity in real-time and remotely accelerate the decision-making process. The data collected from these techniques enable agronomists to properly analyze the production quality and result in better correlation to treatments. These analyses are further used to educate farmers about the processes that are to be used for production, thereby improving the quality of the final product. Looking forward, IMARC Group expects the market to reach a value of US$ 5.66 Billion by 2024, registering a CAGR of around 12% during 2019-2024.
Report Scope:
- North America Precision Agriculture Market
- Key Regions Analysed
- Analysis for Each Country
- Market by Technology
- GNSS/GPS Systems
- GIS
- Remote Sensing
- Variable Rate Technology (VRT)
- Others
- Market by Type
- Automation and Control Systems
- Sensing and Monitoring Devices
- Farm Management Systems
- Market by Component
- Market by Application
- Mapping
- Crop Scouting
- Yield Monitoring
- Soil Monitoring
- Precision Irrigation
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report:
- How has the North America precision agriculture market performed so far and how will it perform in the coming years?
- What are the key regions in the North America precision agriculture market?
- What is the breakup of the North America precision agriculture market on the basis of technology?
- What is the breakup of the North America precision agriculture market on the basis of type?
- What is the breakup of the North America precision agriculture market on the basis of component?
- What is the breakup of the North America precision agriculture market on the basis of application?
- What are the various stages in the value chain of the North America precision agriculture industry?
- What are the key driving factors and challenges in the North America precision agriculture industry?
- What is the structure of the North America precision agriculture industry and who are the key players?
- What is the degree of competition in the North America precision agriculture industry?
Report Coverage:
- Base Year Considered: 2018
- Historical Data Coverage: 2013-2018
- Market Forecast: 2019-2024
- Currency: US$
- Geography Covered: North America, United States and Canada
- Segments Covered: Technology, Type, Component and Application.
Report Customization: Although IMARC has tried to cover everything in the North America precision agriculture market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Precision Agriculture Market
5.1 Market Performance
5.2 Market Breakup by Technology
5.3 Market Breakup by Type
5.4 Market Breakup by Component
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
6 North America Precision Agriculture Market
6.1 Market Performance
6.2 Market Forecast
7 North America Precision Agriculture Market: Breakup by Technology
7.1 GNSS/GPS Systems
7.2 GIS
7.3 Remote Sensing
7.4 Variable Rate Technology (VRT)
7.5 Others
8 North America Precision Agriculture Market: Breakup by Type
8.1 Automation and Control Systems
8.2 Sensing and Monitoring Devices
8.3 Farm Management Systems
9 North America Precision Agriculture Market: Breakup by Component
9.1 Hardware
9.2 Software
10 North America Precision Agriculture Market: Breakup by Application
10.1 Mapping
10.2 Crop Scouting
10.3 Yield Monitoring
10.4 Soil Monitoring
10.5 Precision Irrigation
10.6 Others
11 North America Precision Agriculture Market: Breakup by Country
11.1 United States
11.1.1 Historical market Trends
11.1.2 Market Breakup by Technology
11.1.3 Market Breakup by Type
11.1.4 Market Breakup by Component
11.1.4 Market Breakup by Application
11.1.5 Market Forecast
11.2 Canada
11.2.1 Historical market Trends
11.2.2 Market Breakup by Technology
11.2.3 Market Breakup by Type
11.2.4 Market Breakup by Component
11.2.4 Market Breakup by Application
11.2.5 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porter’s Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Rivalry
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: Global: Precision Agriculture Market: Sales Value (in Billion US$), 2013-2018
Figure 2: Global: Precision Agriculture Market: Breakup by Technology (in %), 2018
Figure 3: Global: Precision Agriculture Market: Breakup by Type (in %), 2018
Figure 4: Global: Precision Agriculture Market: Breakup by Component (in %), 2018
Figure 5: Global: Precision Agriculture Market: Breakup by Application (in %), 2018
Figure 6: Global: Precision Agriculture Market: Breakup by Region (in %), 2018
Figure 7: Global: Precision Agriculture Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: North America: Precision Agriculture Market: Sales Value (in Million US$), 2013-2018
Figure 9: North America: Precision Agriculture Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: North America: Precision Agriculture Market: Breakup by Technology (in %), 2018
Figure 14: North America: Precision Agriculture (GNSS/GPS Systems) Market: Sales Value (in Million US$), 2013 & 2018
Figure 15: North America: Precision Agriculture (GNSS/GPS Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: North America: Precision Agriculture (GIS) Market: Sales Value (in Million US$), 2013 & 2018
Figure 17: North America: Precision Agriculture (GIS) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: North America: Precision Agriculture (Remote Sensing) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: North America: Precision Agriculture (Remote Sensing) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: North America: Precision Agriculture (Variable Rate Technology) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: North America: Precision Agriculture (Variable Rate Technology) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: North America: Precision Agriculture (Other Technologies) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: North America: Precision Agriculture (Other Technologies) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: North America: Precision Agriculture Market: Breakup by Type (in %), 2018
Figure 25: North America: Precision Agriculture (Automation and Control Systems) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: North America: Precision Agriculture (Automation and Control Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: North America: Precision Agriculture (Sensing and Monitoring Devices) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: North America: Precision Agriculture (Sensing and Monitoring Devices) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: North America: Precision Agriculture (Farm Management Systems) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: North America: Precision Agriculture (Farm Management Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: North America: Precision Agriculture Market: Breakup by Component (in %), 2018
Figure 32: North America: Precision Agriculture (Hardware) Market: Sales Value (in Million US$), 2013 & 2018
Figure 33: North America: Precision Agriculture (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: North America: Precision Agriculture (Software) Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: North America: Precision Agriculture (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: North America: Precision Agriculture Market: Breakup by Application (in %), 2018
Figure 37: North America: Precision Agriculture (Mapping) Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: North America: Precision Agriculture (Mapping) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: North America: Precision Agriculture (Crop Scouting) Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: North America: Precision Agriculture (Crop Scouting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: North America: Precision Agriculture (Yield Monitoring) Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: North America: Precision Agriculture (Yield Monitoring) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: North America: Precision Agriculture (Soil Monitoring) Market: Sales Value (in Million US$), 2013 & 2018
Figure 44: North America: Precision Agriculture (Soil Monitoring) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 45: North America: Precision Agriculture (Precision Irrigation) Market: Sales Value (in Million US$), 2013 & 2018
Figure 46: North America: Precision Agriculture (Precision Irrigation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 47: North America: Precision Agriculture (Other Applications) Market: Sales Value (in Million US$), 2013 & 2018
Figure 48: North America: Precision Agriculture (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 49: North America: Precision Agriculture Market: Breakup by Country (in %), 2018
Figure 50: United States: Precision Agriculture Market: Sales Value (in Million US$), 2013-2018
Figure 51: United States: Precision Agriculture Market: Breakup by Technology (in %), 2018
Figure 52: United States: Precision Agriculture Market: Breakup by Type (in %), 2018
Figure 53: United States: Precision Agriculture Market: Breakup by Component (in %), 2018
Figure 54: United States: Precision Agriculture Market: Breakup by Application (in %), 2018
Figure 55: United States: Precision Agriculture Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 56: Canada: Precision Agriculture Market: Sales Value (in Million US$), 2013-2018
Figure 57: Canada: Precision Agriculture Market: Breakup by Technology (in %), 2018
Figure 58: Canada: Precision Agriculture Market: Breakup by Type (in %), 2018
Figure 59: Canada: Precision Agriculture Market: Breakup by Component (in %), 2018
Figure 60: Canada: Precision Agriculture Market: Breakup by Application (in %), 2018
Figure 61: Canada: Precision Agriculture Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 62: North America: Precision Agriculture Industry: SWOT Analysis
Figure 63: North America: Precision Agriculture Industry: Value Chain Analysis
Figure 64: North America: Precision Agriculture Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: North America: Precision Agriculture Market: Key Industry Highlights, 2018 and 2024
Table 2: North America: Precision Agriculture Market Forecast: Breakup by Technology (in Million US$), 2019-2024
Table 3: North America: Precision Agriculture Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 4: North America: Precision Agriculture Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 5: North America: Precision Agriculture Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 6: North America: Precision Agriculture Market Forecast: Breakup by Country (in Million US$), 2019-2024
Table 7: North America: Precision Agriculture Market: Competitive Structure
Table 8: North America: Precision Agriculture Market: Key Players