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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

IBISWorld’s Precision Agriculture Systems & Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry SWOT Analysis Chapter

IBISWorld analysis reveals that the Precision Agriculture Systems and Services industry has characteristics of a growing industry. First, the industry's value added (IVA) is forecast to grow at an annualized rate of 4.2% during the 10 years to 2019. This rate outpaces a projected 2.7% increase in US GDP during the same period. The higher growth rate of IVA typically points to a growing industry because it is contributing an increasing share to the US economy each year.

While well-capitalized farms in the Agribusiness industry (IBISWorld report NN004) have been keen to adopt efficiency-enhancing systems and practices, smaller farms that lack as much capital have been slower to invest... 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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