Precision Planting Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), System Type (High-Speed Precision Planting Systems, Precision Air Seeders, Drones), Farms Size, Drive Type (Electric, Hydraulic), Application, and Geography – Global Forecast to 2025

2020-08-10
Price :
Published : Aug-2020
No. of Pages : 199

Government initiatives for promoting the use of precision planting technology to surge the adoption of precision planting systems

The precision planting market is estimated to be worth USD 3.6 billion in 2020 and projected to reach USD 4.6 billion by 2025, at a CAGR of 5.1%. The market has a promising growth potential owing to several driving factors such as government initiatives for promoting use of precision planting techniques and increasing focus on farm efficiency and crop productivity due to the rising global population. The high demand for agricultural products due to population growth; increased adoption of VRT, remote sensing technology, and guidance technologies by farmers worldwide; and strong government support promoting the use of precision planting techniques are the major factors fueling the growth of the precision planting market.

The precision planting market is currently in the introductory growth phase and is expected to witness robust growth in the future owing to the increasing role of technology in precision planting systems. The advent of IoT and AI-based solution have proved beneficial for the precision planting market and could provide the further growth to the market.  The impact of COVID-19 on the precision planting market is likely to be there for a short term, and by early 2021 the market is expected to witness robust recovery with higher demand for installation of IoT devices in agricultural farms across the world to make optimum use of resources with reduced labor requirements in the fields.

The precision planting  services market is expected to grow at highest CAGR during the forecast period

The services segment is expected to grow at the highest CAGR of 8.3% from 2020 to 2025. The increasing demand for managed services is the major reason behind the high growth of this segment. The growing demand for connectivity services to ensure proper connectivity between the hardware devices and the end-user interface is another factor propelling the growth of the services market. While the market for precision planting is still in its early growth phase, the growing awareness of its benefits, coupled with the demographic shift to younger, more tech-savvy farmers, is expected to drive the growth of the precision planting market.

The market for drones followed by high speed precision planters estimated to grow at higher CAGR during the forecast period

Drones are expected to witness robust growth for plantation in forestry to overcome the issue of climate change. Drones can plant 60 to 100 times faster than manual methods, which is one of the prominent reasons for the highest growth rate of this segment.

High-speed precision planting systems are expected to grow at substantial growth rate during the forecast period owing to their widespread adoption for row crops such as soybean, corn, and cotton. High-speed precision planters are available in different row sizes, ranging from portable 2-row planters to 48-row planters, which are suitable for all types of farms, and hence, have a higher adoption rate. Integration of technologies such as guidance systems, smart metering systems, variable rate seeding systems, and sophisticated sensors in planters have made them a preferred choice among the owners of large farms

Precision planting market in Asia Pacific to grow at the highest CAGR between 2020 and 2025

The precision planting market in APAC is expected to grow at the highest CAGR from 2020 to 2025. In APAC, the market is currently growing at a significant pace in India, Australia, China, and Japan. These countries contribute a considerable market share in this region. In APAC, Australia has witnessed substantial adoption of precision planters due to the presence of a large number of farms sized above 1,000 ha. The average farm size is Australia is ~4,000 ha, which provides an ideal environment for investing in high-speed precision planting systems due to better returns on investment and economies of scale.

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 – 35 %, Tier 2 – 40%, and Tier 3 –25%
  • By Designation: C-Level Executives – 57%, Directors – 29%, and Others – 14%
  • By Region: Americas– 40%, Europe – 30%, APAC – 20%, and RoW – 10%

Research Coverage

The report segments the precision planting market and forecasts its size, by volume and value, based on region (Americas, Europe, Asia Pacific, and RoW), offering  (hardware, software, and services), system type  (high-speed precision planting systems, precision air seeder, and drones), drive type ()electric drive, and hydraulic drive), farm size (below 400 ha, and above 400 ha) and application (row crop, cereals, oilseeds & pulses, and forestry)

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the precision planting market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying This Report

  • This report includes the market statistics pertaining to component, system type, application, and region.
  • An in-depth value chain analysis has been done to provide deep insight into the precision planting market.
  • Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
  • Illustrative segmentation, analyses, and forecasts for the market based on offering, system type, drive type, farm size, application and region have been conducted to provide an overall view of the precision planting market.
  • The report includes an in-depth analysis and ranking of key players.
Filed in: Semiconductor & Electronics
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Thermoelectric Modules Market by Model (Single Stage, Multi Stage), Type (Bulk, Micro, Thin Film), Functionality (General Purpose, Deep Cooling), End-Use Application (Consumer Electronics, Automotive), Offering and Region – Global Forecast to 2027

“The thermoelectric modules market is projected to grow at a CAGR of 8.8% during 2022–2027” The thermoelectric modules market is expected to grow from USD 693 million in 2022 and is projected to reach USD 1,054 million by 2027; it is expected to grow at a CAGR of 8.8% during the forecast period. Advantages such as compact design of TEMs compared to vapor-compression cooling systems, drives the adoption of TEMs across several end-use application. Additionally, ability of TEMs to produce hot and cold water for different functions adds to its rising adoption in different applications. Furthermore, the rapidly growing market for electric and luxury vehicles is also expected to drive thermoelectric modules market. TEMs are used in electric vehicles to stabilize the temperature of a car......
$4950

European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography – Global Forecast to 2027

European smart home market dynamics The European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027. “Surging importance of home monitoring” Smart homes can perform intricate tasks such as automatically lighting up evacuation routes in the case of a fire alarm in addition to basic operations such as turning off lights, dimming lights, and shutting curtains. Connectivity has become a high-end novelty in a variety of household equipment, including security cameras and utility or smart meters, which record the consumption of electric energy and communicate information to the user and thermostats. In the coming years, connectivity is anticipated to become a more prevalent tren......
$4950

Network Monitoring Market by Offering (Equipment, Software & Services), Bandwidth (1&10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, InfiniBand), End User and Geography – Global Forecast to 2027

“The network monitoring market is projected to grow at a CAGR of 6.9% during 2022–2027” The network monitoring market is projected to grow from  USD 2.2 billion in 2022 and is projected to reach USD 3.0 billion by 2027; it is expected to grow at a CAGR of 6.9 % from 2022 to 2027. The rise in demand for cloud services, surging demand for resilient network monitoring systems to quickly resolve downtime issues along with need for continuous monitoring due to rise in network complexities and security concerns is expected to fuel the growth of the network monitoring market. However, availability of free network monitoring tools is a prominent factor limiting the growth of the network monitoring market. “Network monitoring equipment with 1 & 10 Gbps bandwidth to hold large......
$4950

Network Devices Market by Connectivity (WiFi, Cellular, LoRa, ZigBee, Bluetooth), Device Type (Router, Gateway, Access Point), Application (Residential, Commercial, Enterprise, Industrial, Transportation) and Geography – Global Forecast to 2027

“The network devices market is projected to grow at a CAGR of 6.6% during 2022–2027” The network devices market is expected to grow from USD 26.4 billion in 2022 and is projected to reach USD 36.4 billion by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period. WiFi network deployment helps enterprises rapidly build and connect business applications. The WiFi network also provides greater flexibility, scalability, reliability, and cost-effective benefits in connecting mission-critical business applications. Core industry sectors are keen on automating and digitalizing their business processes to streamline business operations and drive new business revenue opportunities. As the number of Internet users is expected to continue to grow significantly in coming ye......
$4950

RF Tunable Filter Market by Type (Bandpass, Band Reject), Tuning Mechanism, Tuning Component, System (Handheld and Pocket Radio, Radar System), Application (Aerospace and Defense, Transportation, Smart Cities) and Geography – Global Forecast to 2027

“RF tunable filter market is expected to grow at CAGR of 10.8% from 2022 to 2027.” The global RF tunable filter market is projected to reach USD 168 million by 2027 from an estimated USD 100 million in 2022, at a CAGR of 10.8% from 2022 to 2027. The growth of the market can be attributed to the rising demand for RF tunable filters in aerospace & defense industry and the increasing demand for 5G smartphones, smartphones, and mobile phones. “Bandpass filter segment is projected to capture a larger share of the overall market during the forecast period” The RF tunable filter market for the band pass filter segment is projected to capture a larger share of the overall market during the forecast period attributed to the increased use of bandpass filters in the aerospace &am......
$4950

Security Robots Market by Type (UAV (Fixed Wing, Rotary Wing), UGV (Wheeled, Tracked, Legged, Hybrid), UUV (Autonomous Underwater Vehicles, Remotely Operated Underwater Vehicles)), Application, Component, End User and Geography – Global Forecast to 2027

“Security robots market to grow at a CAGR of 17.7% from 2022 to 2027 to reach USD 89.6 billion by 2027” The security robots market was valued at USD 33.7 billion in 2021 and is projected to reach USD 89.6 billion by 2027; it is expected to grow at a CAGR of 17.7% from 2022 to 2027. The major drivers of the market include the growing adoption of security robots for commercial and residential applications, rising emphasis on security at national or regional levels, increasing investments and spending on defense by countries globally, and surging demand for autonomous systems that make real-time monitoring smarter. “UAV held the largest share of the security robots market in 2021” UAVs are either remotely controlled, semi-autonomous, or autonomous unmanned aircraft that can b......
$4950

LED Lighting Market by Installation (New, Retrofit), Product Type (A-type, T-type, Decorative, Directional), Sales Channel (Retail, Direct, E-commerce), Application (Residential, Commercial, Industrial) and Geography – Global Forecast to 2027

The LED lighting market size is estimated to be USD 75.3 billion in 2022 and is projected to reach USD 124.7 billion by 2027, at a CAGR of 10.6% during the forecast period. The booming lighting industry contributes most to the rising demand for energy-efficient products and modifications in the existing lighting products using LED technology. Moreover, technological innovations and rising environmental concerns have further accelerated the market growth in the region. Competitive manufacturing costs, high economic growth rate, and large-scale industrial constructions in residential and commercial segments are some of the other major factors driving the growth of the LED lighting market “Decorative luminaire to register highest growth between 2022 to 2027.” Decorative luminaires a......
$4950

Augmented Reality and Virtual Reality Market by Technology Type (AR: Markerless, Marker-base; VR: Non-Immersive, Semi-immersive and Fully Immersive Technology), Device Type, Offering, Application, Enterprise, and Geography – Global Forecast to 2027

AR dynamics “Increasing demand for AR devices and applications in healthcare” Augmented reality’s widening demands in healthcare sector is paving a way for its growth in the market. The augmented reality can be put to use for surgeries, patient care, fitness and pharmacy management. Alog with its use in all of these aspects, augmented reality can also be used for medical training for students/budding surgeons.  The augmented reality provides  an immersive, 3D AR modelled visualization of the patient’s internal organs to the surgeon so that the surgery can be performed with minimalistic invasion and with precsision. The AR modelled 3D visualization also helps medical teaching staff to provide an immersive learning experience to the students/budding surgeons. Augmented rea......
$4950

Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region – Global Forecast to 2027

“The inverter market is projected to grow at a CAGR of 15.7% from 2022 to 2027” The inverter market is anticipated to grow from an estimated USD 16.3 billion in 2022 to USD 33.8 billion in 2027, at a CAGR of 15.7% during the forecast period. The market has a promising growth potential due to increased deployment of solar inverters, especially in Asia Pacific. The increasing investments in the renewable energy sector and supportive government initiatives and schemes is propelling demand for inverters. Countries targets on climate change to achieve net-zero goals are shifting them towards sustainability development which increased the demand for electric vehicles and also technological advancements in developing high-power density inverters for various end user applications are expect......
$4950

Smoke Detectors Market by Power Source (Battery-Powered, Hardwired with battery backup, Hardwired without battery backup), Type (Photoelectric Smoke Detectors, Ionization Smoke Detectors), Service, Distribution Channel – Global Forecast to 2027

“Smoke Detectors market to grow at a CAGR of 9.6% from 2022 to 2027” The smoke detectors market size is expected to grow from USD 2.3 billion in 2022 to USD 3.4 billion by 2027; it is expected to grow at a CAGR of 8.2% from 2022 to 2027. The key factors driving the growth of the smoke detectors market are rising initiatives and support for smoke detectors from government bodies and rising technological innovations in smoke detectors which provides various advantages to the end-use industries. “Hardwired with battery backup is expected to grow at higher rate from 2022 to 2027” Hardwired with battery backup smoke detectors operate as a substitute for battery-powered smoke detectors. They are efficient and have battery backups for continuous operation. Hardwired photoelectric......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy