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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

IBISWorld’s Precision Agriculture Systems & Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Locations Chapter

In general, the largest firms in this industry are concentrated in the areas where agriculture is most prevalent. Precision agriculture systems developers rely heavily on the relationship with their most important customers, farmers. Also, in order to properly assess their product strengths, developers must be located in areas of practical use. As such, the distribution of the Precision Agriculture Systems and Services industry is skewed most heavily to the Southwest and Southwest regions, with significant presence in Texas, Oklahoma and Florida. Together, the two regions are expected to account for roughly 50.0% of all industry establishments.

The next largest region is the West region, which represents almost 20.0% of industry establishments... 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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