DUBLIN, Nov. 28, 2014  /PRNewswire/ -- Research and Markets has announced the addition of the "Global Precision Agriculture Market Analysis & Forecast (2015-2022) Technology (VRA, Soil Mapping, Yield Monitoring, Precision Irrigation, Others), Components and Systems" report to their offering.

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Precision farming set to become a $6.34 billion industry by 2022

Global Precision Agriculture Market Analysis & Forecast (2015-2022) Technology (VRA, Soil Mapping, Yield Monitoring, and Precision Irrigation) is a comprehensive global market report with over -- market data tables and --figures providing an in-depth analysis of the Precision Agriculture/Farming market. The report presents detailed insights of the Precision Farming market along with key trends in the component and technology market, mapped across each application segment and geographical regions. The author estimates the global market size for precision farming to grow over $6.34 billion by 2022 at an estimated CAGR of 13.09% from 2015 to 2022.

The latest report identifies the potential of the Precision farming market, covering more than 50 players contributing at different levels of the value chain in the market. The report has been completed with a deep dive analysis of the entire ecosystem, incorporating key market drivers, challenges, and opportunities for the current and forecast years.

The market for precision farming is still at an incipient stage and therefore the report provides an exhaustive segment of market dynamics identifying the enablers for growth and pain points of the market. Also, the opportunities that could yield higher revenue for the market have also been discussed. Keeping in mind the dire need of securing the natural resources, the inextricable link between precision farming and sustainable development has been identified as the key driver in the report. The convergence of Modern Technologies and IT (Information Technology) with agriculture is further pushing the demand of precision farming techniques in the market.

The fact that agriculture and its practices are deeply rooted in the mindset of the farmers and producers instilled the need of identifying the restraints to the market. The paucity of awareness and absence of dedicated education of precision farming among the farming sector is by far the major pain point for the market, raising apprehension among the farmers. On the technological front, lack of standards and data management has surfaced as other issues revolving around the precision farming industry. There are several substitutes to traditional agriculture floating around in the market such a soil-less farming and stacking such farming techniques with precision farming to increase yield is one of the key opportunities for the market growth.

Key Topics Covered:

1 Executive Summary
2 Report Description
3 Research Methodology
4 Market Dynamics
5 Precision Farming Market By Applications, Technologies, & Components
6 Geographical Analysis For Precision Farming Market
7 Competitive Landscape
8 Key Company Profiles

Companies Mentioned:

• Ag Leader Technology
• Ag-Nav Inc.
• Agco Corp.
• Agjunction
• Case Ih
• Deere & Company
• Dickey John
• Echelon Ag
• Lindsay
• Mccrometer, Inc.
• Monsanto
• Novariant, Inc.
• Raven Industries
• The Toro Company Summary
• Topcon Corporation
• Trimble Navigation Ltd.
• Valmont Industries
• Yara International

For more information visit http://www.researchandmarkets.com/research/fk898n/global_precision

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets