DUBLIN, Dec. 01, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Yield Monitoring Devices and Services Market by Technology, Components, Application, and Geography - Global Forecasts to 2020" report to their offering.

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The yield monitor, coupled with the Global Positioning System (GPS) technology, is an electronic tool that collects data on crop performance for a particular year. The monitor computes and records information such as grain flow, grain moisture, area covered, and global location. Yield monitoring devices produce the yield map of the field in order to provide farmers with an accurate assessment of the yield variation within the field.

Knowledge of the variability of yield at the harvest can be used in two important ways. It enables farmers to make more informed management decisions regarding the succeeding crop. It can provide a basis for varying fertilizer application according to a defined strategy. Yield monitoring devices and services involve increasing the yield efficiency that can be done by understanding, analyzing, and dealing with the natural variability found within the field. The yield monitor is an advanced tool for collecting data and presenting what actually took place in a field.

Yield monitoring technologies have geographically been unevenly adopted. The adoption rate of yield monitoring devices and services is high in regions where labor is limited, land is abundant, and commodity prices are high. The total yield monitoring market has been divided into five major geographies: North America, South America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Yield monitoring devices and services are observed to be in the matured phase in the U.S. market; this market is expected to see upgrades in the existing systems, along with the adoption of variable rate applicators driving the market growth.

New developments in the agro industry will also enhance the demand for yield monitoring devices and services. One of the largest applications of yield monitoring devices and services is the variable rate technology; due to its high adoption rate and multiple applications, it is expected to drive the industry growth in the coming years. In addition to this, the U.S. Government and universities are also providing support to adopt this technology to obtain high yields.

This report covers important driving and restraining factors for this market. Encouraging government legislations and policies for adopting yield monitoring techniques, the growing food demand, crop health, energy and cost savings, and the growing agro industry act as driving factors for this industry. However, there are also a few obstacles in the growth of the yield monitoring market, including high initial installation costs, lack of technical knowledge among growers, and lack of experts in the field.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Yield Monitoring Devices And Services Market, By Hardware Component & Software Service

8 Yield Monitoring Device And Services Market, By Technology

9 Yield Monitoring Devices And Services Market, By Application

10 Yield Monitoring Devices And Services Market, By Geography

11 Competitive Landscape

12 Company Profiles

13 Appendix

Companies Mentioned:

• Ag Leader
• Agco
• Agjunction
• Case
• Deere & Company
• Precision Planting
• Raven
• Teejet Technologie
• Topcon Precision Agriculture
• Trimble Navigation Limited

For more information visit http://www.researchandmarkets.com/research/tvf6hl/yield_monitoring

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

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SOURCE Research and Markets