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Variable Rate Technology Market by Type, Offering, Crop Type, Application Method, Farm Size, and Region - Global Forecast to 2022

Variable Rate Technology: Global Forecast until 2022

  • July 2017
  • 155 pages
  • ID: 5038704
In this report:
The Asia-Pacific market is expected to grow at the highest CAGR of ##.##% during the forecast period and is projected to reach USD ##.## million by 2022.
FAOSTAT studied ## important vegetables consumed globally, and concluded that there had been a considerable increase in the consumption levels of vegetables from 1980 to 2005, and also that the production during this period increased by ##%.

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"The variable rate technology market for is forecasted to grow at a compound annual growth rate (CAGR) of 9.65% during the forecast horizon."

The variable rate technology market is estimated to rise at a compound annual growth rate of ~9.6 percent from 2017, to attain ~$2.2B by 2022. Improved efficiency & productivity through improved crop yields & field quality and favorable government initiatives for adoption of modern agricultural techniques are the main factors driving this sector. Nevertheless, high initial capital investment and lack of technical awareness & understanding regarding advantages of VRT over traditional agricultural practices are the main restraining factors in the variable rate technology market.

"The map-based VRT segment controled the overall variable rate technology market."

The map-based VRT segment is the most widely used application method of variable rate technology across the world. Map-based VRT is traditional application method, and is thus widely used; sensor based-VRT is relatively new and is under development. Also, the real-time sensor-based variable rate equipment is more complex and requires the working of different distinct components to accomplish a desired output. Therefrom, growers prefer map-based VRT to sensor-based VRT.

"The use of variable rate technology is anticipated to grow quickest in significant farms."

The important farms segment comprises farms larger than 200 hectares in size. Variable rate technology is most suitable for these farm sizes considering economies of scale. Advances in modern commercial farming machinery in recent years, particularly with respect to power and size, now allow a single owner to successfully manage a cropping enterprise of thousands of hectares, thus growing the value of scale.

"Asia-Pac is forecasted to be the quickest-increasing area in the sector."

The variable rate technology market in Asia Pacific (APAC) is in its initial stages and is expected to grow at a double-digit rate between 2016 and 2022. The area has an extensive land area, which comprises countries including China (CN), Japan (JP), India (IN), and Australia (AU). The high usage of agricultural inputs in the territory, along high population increase rate, makes it a prospective market for adoption of variable rate technology.

Distribution of primaries:

- By Company Type: Tier 1 - 70.0 percent, Tier 2 - 5.0 percent, and 1/3 3 - 25.0 percent

- By Designation Level: C Level - 57.0 percent, D Level - 29.0 percent, and Others - 14.0 percent

- By area: Asia-Pacific - 40.0 percent, North america (NA) - 30.0 percent, Europe - 20.0 percent, and rest of the world - 10.0 percent

The overall market for variable rate technology is leaded by, is monopolized by big players including Deere & Corporation, Trimble, Incorporated, AGCO Corporation, AgJunction Inc., Raven Industries Inc., Ag Leader Technology, Kubota Corporation, Yara International ASA, Valmont Sectors, Incorporated, Lindsay Corporation, and SZ DJI Technology Co., Limited.

Segment Research

The variable rate technology market has been split on the basis of type, crop type, application method, offerings, form, and area. In terms of insights, this market research has emphasized several levels of analyses - industry, market share research of top players, and organization profiles-which together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the overall variable rate technology market, high-growth areas, territories, and their specific regulatory policies, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get an overview of the overall variable rate technology market

• To get an overview of the main actors of the variable rate technology sector and top strategies approved by top players to rise market presence

• To benefit business insights on the main regions in which the variable rate technology market is increasing

• To benefit knowledge of the increase of different variable rate technologies

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