Advancing methods of agriculture is driving the growth in Global Precision Planting Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Precision Planting Market By Offering (Hardware {Automation & Control Systems, Sensing & Monitoring Devices, Sensors, Cameras}, Software {SAAS v/s PAAS}, Services {Professional v/s Managed}), By System Type (High Speed Precision Planting System, Precision Air Seeders, Drones), By Farm Size (Above 400 hectares v/s Below 400 hectares), By Application (Row Crops, Forestry, Cereals, Oilseeds & Pulses, Others), By Region, Competition Forecast & Opportunities, 2026”, the global precision planting market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of rapidly emerging technologies and techniques in the agricultural sector. Rising demand for the higher yield of the crops and efficient methods of agriculture is driving the growth of the global precision planting market in the upcoming five years. Moreover, rapidly increasing population of the world is also driving the growth of the market. Increasing population, threatens the chances of increasing cases of world hunger. Government initiatives for the development of the agriculture sector and support the propositions of higher yielding crops is further substantiating the growth of the global precision planting market in the next five years.
Modern methods of using smart technologically advanced products for the harvesting operations is termed as precision planting. These revolutionary methods aid agricultural industry with the higher yield and efficient method for crop productions. The process uses retrofit equipment to maximize the production and thus benefit the farmers implementing these procedures for their farms. Technologically advanced tools and equipment are used which can be defined as precision planting device that is a self-deployable innovative equipment. The equipment is equipped with several sensors for monitoring macro-climatic factors like wind speed, rainfall across the field etc. Monitoring these factors farmers can manipulate their farming practices and thus obtain maximum yields.
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The global precision planting market segmentation is based on offering, system type, farm size, application, competitional landscape, and regional distribution. Based on offering, the market is segmented further into hardware, software, and services. Hardware sub-segment is anticipated to register the largest revenue shares of the market and is expected to dominate the market segment on the account of increasing adoption of automation and control devices like monitoring devices, cameras, drones, and sensors etc. These devices aid in the analysis of the accurate seed placement, uniform distribution of seeds, etc. Increasing adaptations of advanced precision planting techniques with advanced equipment and in-trend features is expected to further strengthen the growth of global precisions planting market in the next five years. The hardware sub-segment is further fragmented into automation & control systems, sensing & monitoring devices, sensors, and cameras. There are majorly two software used for the precision farming, SAAS (Software As Service) and PAAS (Platform As Service).
Based on system type, the market is further bifurcated into high speed precision planting system, precision air seeders, and drones. High speed precision planting system is anticipated to dominate the market segment in the upcoming five years and hold the largest revenue shares of the market on the account of use of advanced technology in agriculture industry like precision planters with GPS-based auto-guidance technology aid farmers in reducing the chances of overlapping seeds during the process thus effectively reducing the cost. Moreover, high return of investment along with the growing awareness regarding benefits of using these planting systems among farmers are also actively supporting the growth of the global precision plantings market in the next five years.
Holding the major shares of the global precision planting market are Deere & Company, Trimble, Inc., AGCO Corporation, CNH Industrial N.V., Topcon Positioning Systems, Inc., AG Leader Technology, Inc., Kinze Manufacturing, Inc., Buhler Industries, Inc., Seed Hawk Inc., Seed Master Manufacturing Inc., Morris Industries Ltd., Stara S/A, Kasco Manufacturing Co., Inc., Davimac Group, The Climate Corporation, among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through precision planting. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“North America is a promising region for the future growth of the market and is anticipated to expand on the backbone of surging levels of investment in research and device development processes. The market players are actively involved with the advanced research and technological advancements for the future market establishment. New market players may work in collaborations with the existent market giants in the region. Asia Pacific is also anticipated to register significant growth due to increased involvement of the government in the economies like India, China, etc.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm. “Global Precision Planting Market By Offering (Hardware {Automation & Control Systems, Sensing & Monitoring Devices, Sensors, Cameras}, Software {SAAS v/s PAAS}, Services {Professional v/s Managed}), By System Type (High Speed Precision Planting System, Precision Air Seeders, Drones), By Farm Size (Above 400 hectares v/s Below 400 hectares), By Application (Row Crops, Forestry, Cereals, Oilseeds & Pulses, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global precision planting and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global precision planting market.
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