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 | May 2014

Playing the field: Farmers will use industry technologies to boost efficiency, spurring demand

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
Trimble Navigation Trimble Navigation market share
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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Industry Analysis & Industry Trends

After experiencing relatively stable growth over the past five years, demand will continue to pick up as more farmers adopt industry technology. Over the five years to 2019, innovations will play a significant role in this growth, as technical change typically entices purchases. Furthermore, government incentives will drive farms to invest in the technology, with the extension of the 2008 Farm Bill particularly spurring growth.... purchase to read more

Industry Report - Industry Investment Chapter

The Precision Agriculture Systems and Services industry displays a medium level of capital intensity. Most of the investment required to develop precision agriculture systems goes toward labor costs. Nevertheless, some firms that also manufacture physical devices may incur significant depreciation costs in the form of heavy machinery. Most of the manufacturing of precision agriculture devices is offshored to factories overseas; as such, it is excluded from this report's US focus. However, a minority of manufacturing is expected to occur in America. These operations offset the ratio of labor to capital in the form of expensive manufacturing machinery. Meanwhile, labor costs include salaries for developers and field technicians... 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 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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