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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 | May 2014

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

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
Trimble Navigation Trimble Navigation market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
5.3%
Annual Growth 14-19
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Profit
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Employment
4,873
Businesses
1,446
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 - Starting a New Business Chapter

IBISWorld analysis reveals that the Precision Agriculture Systems and Services industry exhibits medium barriers to entry. A rapid rate of technological change poses the most limiting factor for companies seeking to break into precision agriculture. Precision agriculture systems increasingly incorporate several communications protocols, from GPS to Wi-Fi, so would-be developers need to be well-versed in each. Finding labor with these diversified skills can be difficult. Meanwhile, relatively low competition offsets the barrier of high technological change. The industry's concentration level is on the low side of the medium rating according to IBISWorld standards, leaving almost two-thirds of revenue up for grabs among many small players... 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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