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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Key Buyers Chapter

The four largest firms in the Precision Agriculture Systems and Services industry make up less than half of revenue, indicating a low market share concentration. Despite operating in a growing, highly specialized industry and facing little competition from substitutes, the major firms are pressured by rapid technological change. Over the past five years, concentration has increased, as large corporations such as Trimble and Topcon have acquired specialized firms that produce relevant technologies. Over the next five years, rapid technological change will continue, and precision agriculture system technologies will become more widely available. As more firms tap into the industry, IBISWorld expects market share concentration to grow... 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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