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Precision Agriculture Systems & Services - Industry Market Research Report

  • February 2016
  • -
  • Ibisworld
  • -
  • 35 pages

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Decent yields: Farmers will use industry products to boost efficiency, but slow adoption rates may harm growth



Abstract

Precision Agriculture Systems & Services

Revenue for the Precision Agriculture Systems and Services industry (precision ag) is expected to grow. Due to increasing demand from crop farmers who have pushed to maximize crop output to meet growing global demand, industry growth has been strong over the five-year period. During the five years to 2021, steady growth is set to continue for the industry. Revenue is expected to grow in the five years 2021. The 2014 Farm Bill expanded support for small and beginning farmers with training and access to investment capital, which is expected to increase the available funds farmers have for precision agriculture equipment.

Precision agriculture systems and services include software development, testing applications and consulting activities that gather, track and analyze agricultural data, usually in conjunction with other systems such as harvesting or field-input machinery. Software and related systems may be packaged as individual units for sale to downstream markets or integrated into third-party products such as farm machinery.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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