DALLAS, September 17, 2014 /PRNewswire/ --

Global precision farming market is forecast to hit $3,721.27 million by 2018 at an estimated CAGR of 13.36%. The growth of precision farming industry is expected to be remarkable with major active players of the market being Deere & Co. (U.S.), Trimble Navigation (U.S.), Topcon positioning systems (U.S.), Raven Industries (U.S.), Precision Planting (U.S), AGCO (U.S.), and so on. Complete report titled Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Applications (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) - Global Forecast & Analysis (2013 - 2018) is available at http://www.reportsnreports.com/reports/268230-precision-farming-market-by-technology-gps-gnss-gis-remote-sensing-vrt-components-automation-control-sensors-fms-applications-yield-monitoring-vra-mapping-soil-monitoring-scouting-global-forecast-analysis-2013-2018-.html .

Precision farming is a technology based in-field management system that optimizes the overall farming practices and input resources. The major drivers for the global market are profitability & enhancement in the yields, government assistance, energy & cost saving, and the growing agro industry. The restraints for the growth of this market are high initial investments, and lack of technical know-how. The UAV (Unmanned Aerial Vehicle) and penetration by broadband and mobile technologies are the key opportunities in this market. North America, currently, leads the market share for precision farming as this region has the maximum adoption. APAC is the emerging market for precision framing and has been enjoying the highest growth rate among all the geographic regions. It is believed that the APAC market will grow at a CAGR of 25.16% from 2013 to 2018.

The global population is expected to rise up to, nearly, 7.5 billion by the year 2020, and the ability to manage and tackle the ever increasing demand for food would, in all likelihood, continue to plague the world. Global warming continues to be an influential deciding factor in determining agriculture productivity, as well as the soil properties, and sustainability of natural resources. The effect of climate change on agriculture is related to variability in local climates rather than the global climate patterns. This precision farming market report covers all the technologies, components, and applications of precision farming; it provides a detailed analysis of the current market scenario and estimation for the next five years. Major applications like field mapping and yield monitoring are driving the market. Moreover, the market is driven, furthermore, by some of the most important technologies like Global Positioning System (GPS) and variable rate technologies. This market is already progressing well in developed countries, and it is also expected to grow well even in the developing nations as a result of their ever growing food demands.

Companies profiled in global precision farming market report include AG Business & Crop Inc., AG Leader Technology, AG-Nav Inc., Agco Corporation, AGjunction Inc., Agri Con Gmbh, American Sensor Technologies Inc., Autofarm, Automata Inc., Deere & Company, Dickey-John Corporation, Echelon AG Inc., Jain Irrigation Systems Ltd., Omnistar, Precision Planting Inc., Precisionagriculture.Com.Au, Raven Industries Inc., Soyl Precision Farming, Teejet Technologies, The Toro Company, Topcon Precision Agriculture and Trimble Navigation Limited. For US$ 4650 (single user PDF), this report can be ordered at http://www.reportsnreports.com/Purchase.aspx?name=268230 . Alternatively, to meet your budget restraints, feel free to inquire for a discount on this report's corporate user PDF at http://www.reportsnreports.com/contacts/Discount.aspx?name=268230 .

This precision framing market report describes the industry value chain by considering all the major stakeholders in the market, and their role analysis. This report shows the life cycle analysis of precision farming industry. The report also performs a detailed scrutiny of the Porter's five force analysis for the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them.

The report covers recent developments in the substation automation industry; for example, Topcon Positioning (U.S.) acquired GEOTOP (Italy) in August 2012, Trimble Navigation (U.S.), acquiring Gatewing (Belgium), in June 2012. Several other recent developments and updated information about acquisitions, mergers, and new product launches and agreements conducted, recently, are also discussed in the report.

Dairy Herd Management Market by Product (Hardware, Systems & Software), Application (Feeding, Milking, Heat Stress, Animal Comfort, & Reproduction Management) & by End User (Small, Large & Cooperative Dairy Farms) - Global Forecast to 2018 is another research report of 285 pages available at http://www.reportsnreports.com/reports/292172-dairy-herd-management-market-by-product-hardware-systems-software-application-feeding-milking-heat-stress-animal-comfort-reproduction-management-by-end-user-small-large-cooperative-dairy-farms-global-forecast-to-2018.html . This research says that rapidly increasing demand for dairy products is the primary growth driver of this market. According to the Food and Agriculture Organization, global annual milk production increased from 618 million tons in 2003 to 754 million tons in 2012. The sustained increase in demand for dairy products will drive the demand for dairy herd management products. Furthermore, the increased cost of labor and substantial cost advantage offered by automated dairy herd management techniques over traditional techniques are also factors that are expected to aid the growth of this market in the forecast period. On the other hand, low adoption levels in developing countries, which are responsible for a large proportion of the global milk production, will impede the growth of the dairy herd management market. Companies profiled in this research include Afimilk, Boumatic, Delaval, Farmwizard, GEA Group, Infovet, Lely, SCR Dairy, Sum-It Computer Systems and Valley Agriculture Software.

Scope of the Global Precision Farming Market Research Report Covers: It categorizes the market on the basis of technologies, components, applications, and geography. It also covers the forecast revenue from 2013 to 2018 for the overall market, as well as, for all the segments covered in the report.

On the basis of Technology 

The global market is segmented on the basis of technologies such as Global Positioning System (GPS), GIS, remote sensing and Variable Rate Technologies (VRT).

On the basis of Components 

The global market is segmented on the basis of components that comprise control & automation systems, sensing & monitoring devices, and farm management systems.

On the basis of Applications 

The global market is segmented on the basis of applications such as yield monitoring, variable rate application, soil monitoring, crop scouting, field mapping, and others.

On the basis of Geography 

The global market is segmented on the basis of major geographic regions such as Americas, Europe, Asia-Pacific, and ROW; and further segmented on the basis of the major countries in all these regions.

Explore more reports by MarketsandMarkets at http://www.reportsnreports.com/publisher/marketsandmarkets/ .

About Us: 

ReportsnReports.com is an online market research reports library of 450,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.

Connect With Us on: 

Facebook:  https://www.facebook.com/pages/ReportsnReports/191441427571689
LinkedIn:  http://www.linkedin.com/company/reportsnreports
Twitter:   https://twitter.com/marketsreports
Pinterest: http://www.pinterest.com/comeonseo/reportsnreports/
RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml

Contact:
Priyank Tiwari
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
sales@reportsandreports.com

SOURCE ReportsnReports