Friday, July 1 2022

Dublin, June 14, 2022 (GLOBE NEWSWIRE) — The “Global Variable Rate Agriculture Technology Market By Offer (Hardware, Software, Service), Type (Vrt Fertilizer, Vrt Crop Protection), Crop Type, Application Method, Farm Size, Suitability application and region – forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.

The global Agricultural TRV Market is estimated to be valued at USD 7.4 Billion in 2022. It is expected to reach USD 13.7 Billion by 2027, registering a CAGR of 13.2% during the forecast period.

Asia-Pacific Region Expected to See CAGR Growth of 16.0%

The Asia-Pacific region is expected to grow at the highest CAGR of 16.0% during the forecast period. The agricultural TRV market in each region has witnessed the development of numerous subsidiaries, business units and research centers of key players and employs strategies to create strong research and distribution networks with regional players to withstand a fierce competition and capture a large market share.

Asia-Pacific is one of the fastest growing markets for agricultural technology. It is one of the potential markets for VRT agriculture, as it has large agricultural lands and a high population growth rate. Asia-Pacific has a vast land area, which includes countries such as China, Japan, India, South Korea, and Australia. Population expansion in developing countries in the region is putting increasing pressure on the agricultural industry to increase productivity, fueling the demand for TRVs. Drones for planting seeds and spraying pesticides and fertilizers are gaining popularity in the Southeast Asian country as it grapples with a labor shortage that has worsened during the pandemic of coronavirus, with restrictions on workers’ movements.

Card-based VRT segment dominates the market with a CAGR of 12.8%

The map-based VRT segment is the most widely used agricultural VRT application method in the world. Map-based VRT is popular mainly due to its cost effectiveness and lack of qualified farmers to operate sensor-based VRT. The cost of sensor TRV is huge, which makes farmers hesitant to use sensor TRV. However, in developed countries such as the United States and Canada, the adoption of sensor-based VRTs is increasing.

The variable rate hardware segment dominates the market with 50.4% total market share by value

Based on supply, variable rate technology is classified into hardware, service VRT and software VRT. The huge investment in hardware such as guidance and steering system accounts for the largest market share. Guidance and steering systems are most widely used in advanced economies and on large farms to improve agricultural productivity. Farmers can use various hardware devices to collect farm-related data, which would help them make better decisions and increase the productivity of their land and crops.

Rapid adoption of advanced technologies in variable rate farming to reduce labor cost

The adoption of advanced technologies helps farmers cover a large part of their fields in less time and more efficiently. Variable rate farming is an advanced farming technique involving advanced technologies that allow farmers to increase their productivity and minimize labor costs. Remote sensing technology helps monitor and manage land, water and other resources. Over the next 10 years, advanced technologies in variable rate farming are expected to gain momentum and reduce the need and costs associated with manual labor.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities in the Agricultural Vrt Market
4.2 Agricultural Tract Market, by Type
4.3 North America Variable Rate Agriculture Technology Market, by Region and Supply
4.4 Vrt Agriculture Market, By Application Method
4.5 Agricultural Tract Market Country-wise Analysis

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid adoption of advanced technologies in agriculture Variable rate to reduce labor cost
5.2.1.2 Improved efficiency and productivity through improved crop yields and field quality
5.2.1.3 Increasing average age of farmers in developed countries
5.2.2 Constraints
5.2.2.1 High Costs of Vrt Farm Equipment
5.2.2.2 Small farms and limited availability of skilled labor
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Technologically Advanced Equipment and Tools in Agriculture Industry
5.2.3.2 Vrt Services by Major Market Players in Developing Economies
5.2.4 Challenges
5.2.4.1 Difficulty of collecting and analyzing data from several farms
5.2.4.2 Lack of Standardization in the Variable Rate Agriculture Industry
5.3 Impact of COVID-19 on Market Dynamics

6 industry trends
6.1 Presentation
6.2 Impact of COVID-19 on the Agriculture Vrt Market
6.3 Value chain
6.3.1 Research and development
6.3.2 Hardware component suppliers
6.3.3 Software vendors
6.3.4 Service Providers
6.3.5 Applications
6.4 Supply chain
6.5 Technology Analysis
6.5.1 Remote sensing
6.5.1.1 Active remote sensing
6.5.1.2 Passive remote sensing
6.5.2 Agricultural Drones/Unmanned Aerial Vehicles (UAVs)
6.5.3 Internet of Things (IoT)
6.6 Ecosystem
6.7 Trends/disruptions affecting customer business
6.8 Patent analysis
6.9 Business Analysis
6.10 Porter’s Five Forces Analysis
6.10.1 Intensity of Competitive Rivalry
6.10.2 Threat of Substitutes
6.10.3 Bargaining power of buyers
6.10.4 Bargaining power of suppliers
6.10.5 Threat of new entrants
6.11 Analysis of case studies
6.11.1 Use Case 1: Variable Rate Farming by Agco Using Internet of Things Technology
6.11.2 Addition helped Efarmers to develop affordable self-guiding for farmers
6.11.3 Use of IoT in Vrt Agriculture
6.12 Regulatory policies
6.13 Key Conferences and Events in 2022-2023

7 Agricultural Variable Rate Technology Market, By Offering
7.1 Presentation
7.2 Material
7.2.1 Guidance and steering systems
7.2.2 Rate control and application devices
7.2.3 Gps/Dgps receivers
7.2.4 Laptops
7.2.5 Yield monitors
7.2.6 Sensors
7.2.6.1 Floor sensors
7.2.6.2 Nutrient sensors
7.2.6.3 Humidity sensors
7.2.7 Views
7.2.8 Others
7.3 Vrt Software
7.4 Vrt Service
7.4.1 Farm operations services
7.4.2 Onboarding and consulting services

8 Agricultural Variable Rate Technology Market, by Type
8.1 Presentation
8.2 Vrt Fertilizer
8.2.1 Urea Vrt
8.2.2 Uan Vrt
8.2.3 Nh3 Vrt
8.2.4 Other Vrt
8.3 Crop Protection Chemical Vrt
8.4 Ground detection
8.5 Vrt Seeding
8.6 Performance Monitoring
8.7 Vrt watering
8.8 Other types of Vrt

9 Agricultural Variable Rate Technology Market, By Crop Type
9.1 Presentation
9.2 Cereals and Cereals
9.2.1 Corn
9.2.2 Wheat
9.2.3 Other cereals and grains
9.3 Oilseeds and pulses
9.3.1 Soy
9.3.2 Cotton
9.3.3 Other oilseeds and pulses
9.4 Fruits & Vegetables
9.5 Others

10 Floating Rate Agriculture Technology Market, By Application Method
10.1 Presentation
10.2 Map-based Vrt
10.3 Vrt based on sensor
10.3.1 Active optical sensors
10.3.2 Drone-based Vrt
10.3.3 Vrt via satellite

11 Agricultural Variable Rate Technology Market, By Farm Size
11.1 Presentation
11.2 Large farms
11.3 Medium-sized farms
11.4 Small farms

12 Agricultural Variable Rate Technology Market, By Fit Application
12.1 Presentation
12.2 Fertilizer
12.2.1 Specialty fertilizers
12.2.1.1 Specialty Compounds
12.2.1.1.1 Nitrogen compounds
12.2.1.1.2 Phosphate compounds
12.2.1.1.3 Potash compounds
12.2.1.2 Water-soluble fertilizers
12.2.1.3 Fertilizers with improved efficiency
12.2.1.3.1 Slow and controlled release
12.2.1.3.2 Nitrogen stabilizers
12.2.1.3.2.1 Nitrification inhibitors
12.2.1.3.2.2 Urease inhibitors
12.2.1.4 Micronutrients
12.2.1.4.1 Non-chelated micronutrients
12.2.1.4.2 Chelated micronutrients
12.2.2 Liquid fertilizers
12.2.3 Organic fertilizers
12.2.3.1 Biofertilizers (biological products)
12.2.3.2 Manures
12.2.4 Other fertilizers
12.3 Crop protection chemicals
12.3.1 Herbicides
12.3.2 Fungicides and bactericides
12.3.3 Insecticides
12.3.4 Nematicide and others
12.4 Other Application Adjustments

13 Agricultural Variable Rate Technology Market, By Region

14 Competitive landscape
14.1 Overview
14.2 Market Share Analysis, 2020
14.3 Strategies of Key Players
14.4 Key Players Revenue Analysis, 2018-2020
14.5 Business Assessment Quadrant (Key Players)
14.5.1 Star
14.5.2 Generalized
14.5.3 Emerging Leaders
14.5.4 Participants
14.5.5 Product footprint
14.6 Agriculture Variable Rate Technology Market, Startups/Small & Medium Enterprises Valuation Quadrant, 2020
14.6.1 Progressive Companies
14.6.2 Starting Blocks
14.6.3 Sensitive companies
14.6.4 Dynamic Enterprises
14.7 New Product Launches and Offerings
14.7.1 New Product Launches
14.7.2 Offers
14.8 Market Ranking Analysis

15 company profiles
15.1 Key Players
15.1.1 Deere & Company
15.1.2 Trimble, Inc.
15.1.3 Agco Corporation
15.1.4 Topcon Corporation
15.1.5 Cnh Industrial SA
15.1.6 Kubota Company
15.1.7 Hexagon
15.1.8 Yara International Asa
15.1.9 Sz Dji Technology Co. Changes Ltd.
15.1.10 Valmont Industries Inc.
15.1.11 Lindsay Company
15.1.12 The Climate Society
15.1.13 AG Technology Leader
15.1.14 Addition
15.1.15 Teejet Technologies

16 Adjacent and Related Markets

17 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/vbrku


        
Previous

Insurance Professionals Have an Advantage Finance Professionals Don't

Next

6 Remarkable Financial Stocks Selling Below Book Value

Check Also