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Precision Agriculture Systems & Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Precision Agriculture Systems & Services Market Research Report | Technology | Scientific Systems & Devices | Feb 2015

Decent yields: Farmers will use industry products to boost efficiency, but slow adoption rates may harm growth

The Precision Agriculture Systems & Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Deere & Company Deere & Company  market share
Raven Raven market share
Trimble Navigation Trimble Navigation market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
4.5%
Annual Growth 15-20
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Profit
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Employment
5,018
Businesses
1,476
Industry Analysis & Industry Trends

Revenue for the Precision Agriculture Systems and Services industry (precision ag) is expected to grow. Due to increasing demand from crop farmers who have pushed to maximize crop output to meet growing global demand, industry growth has been strong over the five-year period. During the five years to 2020, steady growth is set to continue for the industry. Revenue is expected to grow in the five years 2020. The 2014 Farm Bill expanded support for small and beginning farmers with training and access to investment capital, which is expected to increase the available funds farmers have for precision agriculture equipment.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The four largest firms in the Precision Agriculture Systems and Services industry make up less than half of revenue, indicating a low market share concentration. Despite operating in a growing, highly specialized industry and facing little competition from substitutes, the major firms are pressured by rapid technological change. Over the past five years, concentration has increased, as large corporations such as Trimble and Topcon have acquired specialized firms that produce relevant technologies. Over the next five years, rapid technological change will continue, and precision agriculture system technologies will become more widely available. As more firms tap into the industry, IBISWorld expects market share concentration to grow... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Precision Agriculture Systems & Services Industry?

Precision agriculture systems and services include software development, testing applications and consulting activities that gather, track and analyze agricultural data, usually in conjunction with other systems such as harvesting or field-input machinery. Software and related systems may be packaged as individual units for sale to downstream markets or integrated into third-party products such as farm machinery.

Industry Products
Yield monitorsVariable-rate application control systemsGuidance systemsTechnician support servicesData management servicesGeographical information systems
 
Industry Activities
Geographical information systems developmentYield monitor developmentVariable-rate application controller developmentAir and ground steering systems developmentTechnical support services


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