The Global Precision Planting Market is expected to grow at a compound annual growth rate of 4.90% in the forecast period of 2021 to 2028 and is likely to reach USD 5.27 million by 2028. The growing demand of the precision planting due to the benefits such as optimal plant growth and higher crop yield, substantial cost-savings associated with precision planting and seeding equipment are some of the major as well as vital factors driving the growth of precision planting market.
Likewise, the growing popularity of telematics and connectivity services along with rising demand of drones, seeding robots, and autonomous planters are projected to extend profitable opportunities for the growth of the precision planting market.
According to Data Bridge Market Research the market for precision planting is expected to gain growth due to increasing focus on integration of geo-mapping and sensor data with planting equipment. Additionally, the temporary production shutdown due to supply chain disruptions along with integration of farm data at a single platform are projected to pose as a major challenge whereas short flight time and limited power backup of drones along with high operational, maintenance and purchase cost which will likely to act as market restraints in the aforementioned forecast period.
Now the question is which the other regions are that precision planting market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to witness significant and lucrative growth due to the prevalence of large number of farms in the region.
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Precision planting market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of precision planting companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-precision-planting-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Precision Planting Market – Industry Trends and Forecast to 2028