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 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