The major factors driving the growth of precision farming market includes increasing farm mechanization in developing countries, rising labor cost owing to shortage of skilled labor.
Due to the extreme COVID-19 pandemic situations, as well as development limitations and lockdowns, precision agricultural data are necessary to observe a minimum dunk in 2020. It caused disruptions in the store network and a shortage of equipment; however, the use of remote detecting and homestead the board programming instruments could result in increased selection in the post-COVID-19 period. Coronavirus has disrupted the store network in the precision farming industry, and businesses are looking for new ways to collaborate with growers and ranchers by leveraging technological advancements.
Organizations have started focusing on more remote stages to enable constant dynamic in yield checking, crop health monitoring, field planning, water system booking, and board meetings. SensoTerra, for example, launched new remote frameworks in May 2020 to improve ranch availability and field data analysis in the cloud. These sensor frameworks increase availability and can even be used for crops with large overhangs with minimal operator assistance.
Producers can access information at any time using an electronic interface or an app installed on their phones. The COVID-19 pandemic's impact must be restricted in time, and the precision agricultural market is expected to provide lucrative growth over the medium to long term. Precision farming has benefited from advancements like as remote detection, VRT, GIS, GPS, and direction innovation, which have resulted in increased profitability and lower labor costs. Similarly, the use of cutting-edge, innovation-based horticulture equipment has enabled the most efficient use of resources.
Precision agricultural equipment based on cutting-edge innovations contributes to the primary concern investment funds by lowering labor costs and enhancing ranch chores in general.
The cell phone is one of the most widely used mechanical inventions of all time. Cell phones are becoming wonderful and simple-to-convey devices for ranchers, thanks to the availability of many easy-to-use farming apps (applications). Many cell phone applications are simple and provide crucial information about farming, such as weather and environmental factors. These programs effectively assist farmers in making excellent decisions.
Key Segments of the Global Precision Agriculture Market
Technology Overview, 2019-2028 (USD Million)
- Remote Sensing
- Guidance System
Application Overview 2019-2028 (USD Million)
- Field Mapping
- Irrigation Management
- Weather Tracking & Forecasting
- Inventory Management
- Farm Labor Management
- Financial Management
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America