DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pq7w4s/precision_farming) has announced the addition of the "2014 Report on the International Precision Farming Market - Forecasts to 2018" report to their offering.
The global population is expected to rise to nearly 7.5 billion by the year 2020. The ability to manage the ever increasing demand for food is likely to present a significant challenge. Global warming continues to be an influential deciding factor in determining agriculture productivity, as well as soil properties and the sustainability of natural resources. The effect of climate change on agriculture is related to variability in local climates rather than the global climate patterns.
Such concerns marked the way for the emergence of a new world of agriculture management practices. Precision farming can significantly reduce the amount of nutrient and other crop inputs used while boosting yields. Farmers thus obtain a return on their investment by saving on phytosanitory and fertilizer costs. The second large-scale benefit of targeting inputs in spatial, temporal and qualitative terms is a reduction in concerns of environmental impacts.
The growth of the market is expected to be remarkable, and is estimated to reach $3.72 billion by 2018, at an estimated CAGR of 13.36% from 2013 to 2018. The major players in this industry are 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.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Cover Story
4 Market Overview
5 Global Precision Farming Market By Technology
6 Global Precision Farming Market By Hardware & Software Components
7 Precision Farming Market by Application
8 Global Precision Farming Market By Geography
9 Competitive Landscape
10 Company Profile
Companies Mentioned:
- Ag Business & Crop
- Ag Leader Technology
- Ag-Nav
- Agco
- Agjunction
- Agri Con
- American Sensor Technologies
- Autofarm
- Automata
- Deere & Company
- Dickey-John
- Echelon
- Jain Irrigation Systems
- Omnistar
- Precision Planting.
- Precisionagriculture
- Raven Industries
- Soyl Precision Farming
- Teejet Technologies
- The Toro Company
- Topcon Precision Agriculture
- Trimble Navigation
For more information visit http://www.researchandmarkets.com/research/pq7w4s/precision_farming
