Imaging Technology for Precision Agriculture Market Insights: 2021, Explore Industry Growth, Development Innovations and Regional Opportunities by 2028
Imaging Technology for Precision Agriculture Market size is expected to reach USD 1,521.3 Million in 2028 and register a CAGR of 8.6% over the forecast period, according to latest analysis by Emergen Research. Steady revenue growth of the market can be attributed to increased food production to feed a growing population. Adoption of data analytics, ease of aerial imagery, and deep learning in the agricultural sector to improve crop yield is driving revenue growth of the global imaging technology for precision farming market.
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Imaging Technology for Precision Agriculture market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
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Strategic Initiatives:
Collaborations among Companies to Increase Business Prospects in Global Market
The research report provides the reader with an in-depth interpretation of the Imaging Technology for Precision Agriculture market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Imaging Technology for Precision Agriculture industry. The market intelligence report is a prototype of the 360 overview of the global Imaging Technology for Precision Agriculture industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
List of Key Players Covered in the Report:
Tetracam, Bayspec, MicaSense, XIMEA, Teledyne DALSA, Resonon Inc., Pixelteq, Sentek Technologies, Quest-Innovations BV, and 4D Technologies.
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Some Key Highlights from the Report
- In July 2019, MicaSense, which is a leader in developing drone sensors for precision agriculture, entered into a partnership with FluroSat, which is a software company focusing on agronomic analytics delivery. The collaboration was formed better serve imagery and analytics to stakeholders in the agriculture sector. Usage of multispectral data from MicaSense’s RedEdge and Altum sensors, in combination with Flurosat analytics in field crops, is expected to reduce fertilizer and water management costs and improve crop yield.
- The multispectral technology segment accounted for revenue share of 65.2% in 2020. Increasing usage of multi-spectral imaging to measure crop health is driving deployment of multispectral technology in the agricultural sector.
- Sensors segment revenue is expected to register a CAGR of 9.1% during the forecast period. Availability of advanced and cost-effective sensors can ensure high-resolution spectral imaging technology is more accessible to the agricultural sector, and drive demand for sensors during the forecast period.
Global Imaging Technology for Precision Agriculture Market Highlights
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Imaging Technology for Precision Agriculture market and pinpoint the fundamental growth trends.
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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)
- Sensors
- Cameras
- Software
- Others
To offer more clarity on the current business environment researchers probe into the import and export status, supply chain management, demand and supply, consumption capability and manufacturing capacity. When assessing the size of the industry special consideration is given to the value and volume of the products and services offered on a year on year basis
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Key Parameters Analyzed in This Section
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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