Imaging Technology for Precision Agriculture Market Size Will Achieve USD 1,521.3 Million by 2028 growing at 8.6% CAGR – Exclusive Report by Emergen Research
According to the most recent report by Emergen Research, the size of the worldwide imaging technology for precision agriculture market is anticipated to reach USD 1,521.3 Million in 2028 and show a CAGR of 8.6% over the projected period.
Precision agriculture (PA) is an agricultural management idea built on monitoring, quantifying, and reacting to crop variability both within and between fields. In order to maximise input returns while protecting resources, precision agriculture’s main goal is to create a decision support system (DSS) for the management of the entire farm. Precision agriculture is the process of making crop management decisions using real-time data for agricultural characteristics including soil quality, chemical composition, air quality, moisture content, etc. There are many technologies accessible, including the global positioning system, unmanned aerial vehicle, variable rate technology, guidance technology, and mapping technology. Unnamed aerial vehicles (UAVs) that use imaging technologies take pictures to collect data using computer software.
The Global Imaging Technology Market for Precision Agriculture Market is divided into three sections in this report based on Technology, Product, and Region. The global imaging technology market for precision agriculture is divided into two categories based on technology: multispectral and hyperspectral. The Global Imaging Technology Market for Precision Agriculture is divided into Camera, Sensor, Software, and Others based on Communication System and Platform. The GCC, North Africa, South Africa, and Rest of MEA regions make up the global imaging technology market for precision agriculture.
Some Key Highlights from the Report :
Hardware segment to hold the largest share of precision farming market During the forecast period
Based on product offerings, the precision farming market has been divided into three categories: hardware, software, and services. Monitoring and sensing equipment, as well as automation and control systems, make up the hardware component. Due to their extensive use in precision farming, automation and control systems, including as GPS receivers, guidance and steering equipment, and variable-rate technology (VRT) devices, are anticipated to hold a significant share of the precision farming hardware market during the forecast period. The agriculture industry’s widespread use of automation and control equipment, including sensors, GPS/GNSS, irrigation controllers, guidance and steering systems, and unmanned aerial vehicles (UAVs), is responsible for the market’s expansion.
variable rate technology is expected to witness higher CAGR growth during the forecast period
By technology, variable rate technology is anticipated to experience the largest CAGR growth during the forecast period. The market’s expansion can be ascribed to farmers’ early embrace of this technology. With the help of GPS-based auto-guidance technology, producers may lessen the overlap between tractor and equipment passes, saving money on labour, time, fuel, and soil compaction.
APAC to exhibit highest CAGR in global precision farming market
The precision farming market’s greatest application by market share was yield monitoring. The advantages of climate service initiatives, which help farmers better manage climate-related disasters and enhance food security and agricultural decision-making, can be credited with the market’s rise.
Some major companies in the market report include Tetracam, Bayspec, MicaSense, XIMEA, Teledyne DALSA, Resonon Inc., Pixelteq, Sentek Technologies, Quest-Innovations BV, and 4D Technologies.
Emergen Research has segmented global imaging technology for precision agriculture market on the basis of technology, product, and region:
Technology Outlook (Revenue, USD Million; 2021–2028)
- Hyperspectral Technology
- Multispectral Technology
Product Outlook (Revenue, USD Million; 2021–2028)
Regional Outlook (Revenue, USD Million; 2021–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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