Global Variable Rate Precision Farming Market was valued at USD 8,390.20 million in 2021 and is expected to reach USD 21072.46 million by 2029, registering a CAGR of 12.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

The rising number of applications of variable rate precision farming systems, such as smart sensing and modern agricultural techniques, are in wide usage across the globe. The adoption of artificial intelligence-based solutions is creating growth opportunities for the market over the forecasted period.

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Global Variable Rate Precision Farming Market Drivers

Rapid adoption of advanced technologies

The adoption of advanced technologies is enabling the farmers to replace the task of labors and deliver the output more efficiently and accurately. It also allows them to cover large areas of their field in less time and more efficiently. Adopting advanced technologies such as smart sensors, automated guidance technologies and automatic steering technologies helps reduce labor costs and utilize resources in the best possible way by minimizing the generated waste. All these factors are driving the growth of the variable rate precision farming market over the forecasted period.

Growing innovations in farming sector

The growing innovations in farming sector such as vertical farming with smart designs to maximize yields and reduce wastes is the major factor that is increasing demands for the precision farming methods. Additionally, the wide range of smart sensors such as water, temperature and soil-based sensors are playing an important role in the high demands for the precision farming systems. This factor is expected to drive the growth of the variable rate precision farming market over the forecasted period.

Some of the major players operating in the variable rate precision farming market are

Deere & Company. (U.S.)
Trimble Inc. (U.S.)
AGCO Corporation. (U.S.)
AGJUNCTION INC (Canada)
Raven Industries (U.S.)
Ag Leader Technology (U.S.)
AgEagle Aerial Systems Inc (U.S.)
TeeJet Technologies (India)
Taranis (U.S.)
Topcon (Japan)
Hexagon Agriculture (U.S.)
Corteva. (U.S.)
Prospera Technologies (Israel)
Autonomous Tractor Corporation. (U.S.)
Climate LLC. (U.S.)
CropX inc. (Israel)
Descartes Labs, Inc. (U.S.)
DICKEY-john. (U.S.)
Farmers Edge Inc. (Canada)
CropMetrics LLC (U.S.)
Grownetics, Inc. (U.S.)
LexisNexis Risk Solutions Group (U.S.)
Trimble (U.S.)
Topcon (Japan)

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Global Variable Rate Precision Farming Market Scope

Offerings

Hardware
Automation & Control Systems
Drones
Application Control Devices
Guidance System
GPS
GIS

Remote Sensing

Handheld
Satellite Sensing
Driverless Tractors
Mobile Devices
VRT
Map-based
Sensor-based

Wireless Modules

Bluetooth Technology
Wi-Fi Technology
Zigbee Technology
RF Technology
Sensing Devices
Soil sensor
Nutrient Sensor
Moisture Sensor
Temperature Sensor
Water Sensor
Climate Sensor

Others

Antennas & Access Points
Software
Web-based
Cloud-based
Services
System Integration & Consulting
Maintenance & Support
Managed Services
Data Services
Analytics Services
Farm Operation Services

Assisted Professional Services

Climate Information Services
Supply Chain Management Services

Technology

Map-Based Variable Rate Technology
Sensor-Based Variable Rate Technology

Application

Precision Irrigation
Precision Seeding
Precision Fertilization
Pesticide Variable Rate Application

Variable Rate Precision Farming Market Regional Analysis/Insights

The countries covered in the variable rate precision farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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