Global Precision Farming Equipment Market 2014-2018

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May 20, 2014, 08:48 ET

DUBLIN, May 20, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/g387ns/global_precision) has announced the addition of the "Global Precision Farming Equipment Market 2014-2018" report to their offering.
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The analysts forecast the Global Precision Farming Equipment market will grow at a CAGR of 13.07 percent over the period 2013-2018. One of the key factors contributing to this market growth is the improved profitability that can be obtained by the adoption of precision farming technology. The Global Precision Farming Equipment market has also been witnessing the launch of improved and easier-to-use user interfaces, making the technology easier to operate. However, the expensive nature of this product could pose a challenge to the growth of this market.

The key vendors dominating this space are Deere and Co., Precision Planting Inc., Raven Industries Inc., and Trimble Navigation Ltd. The other vendors mentioned in the report are AgJunction Inc., AGLeader Technology Inc., IntegriNautics Corp., Schmidt and Sons Inc., and Spraying Systems Co.

Vendors in the Global Precision Farming Equipment market are increasingly focused on making the tools used in the precision farming process easy to use for agriculturists and farmers. They are focused on providing a better and easier user-interface and innovative features that will help farmers make critical decisions to improve crop yield, turn data into decision enablers, and for environmental protection.

The user-interfaces are also expected to allow agriculturalists to integrate time and activity management. Despite the fact that manufacturers develop and promote products that are designed for specific purposes, each product uses a different user-interface. They also provide manuals to users to assist them when using this equipment. Manufacturers are also expected to introduce a better, improved, and easier user-interface in the coming years that will not require the use of a manual.

According to the report, one of the main factors driving the market is the improved profitability provided to farmers when using this scientific method of farming. Precision farming uses GNSS, which provides better information to farmers and agriculturists, leading to improved profitability.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Precision Farming Methodology

07. Market Landscape

08. Geographical Segmentation

09. Key Leading Countries

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape

18. Key Vendor Analysis

19. Other Reports in this Series

Companies Mentioned: