New Jersey, NJ -- (SBWire) -- 01/17/2020 --Smart agriculture tool is a tool which helps a farmer to access the farm from hand tool and power tools to tractor and have countless kinds of farm implement. There are various smart agriculture tools used in farming which results in improving farm efficiency and helps farmers to maximise their crop yield.
Latest released 2020 version of market study on Global Smart Agriculture Tools Market with 110+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand in depth analysis. "Global Smart Agriculture Tools Market by Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology, Premises Surveillance), Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Component (Hardware {Sensor Monitoring System, Smart Detection System, GPS Enabled Ranging Systems and Drones}, Software, Services{Climate Information Services, Supply Chain Management Services, System Integration and Maintenance and Consulting}), Industry Size, Organizations, and Region - Forecast and outlook to 2026 ". At present, the market has established its presence. The Research presents a complete assessment of the Market and contains a future trend, current growth factors, focused opinions, details, and industry certified market data.
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1. Who is poised to win in 2020
Looking out to 2020, it's expected to be a big year for Global Smart Agriculture Tools Market in terms of growth. As more companies move some or all of their applications, emerging players are poised to benefit. Some of the players from the overall coverage being profiled were Deere & Company (United States), AGCO (United States), AgJunction (United States), Raven Industries (United States), AG Leader Technology (United States), DeLaval (Sweden), GEA Group (Germany), Precision Planting (United States), SST Development Group (United States), Teejet Technologies (United States), Topcon Positioning Systems (United States), DICKEY-john Corporation (United States), CropMetrics (United States), Agribotix (United States), The Climate Corporation (United States), ec2ce (Spain) and Descartes Labs (United States). With the Smart Agriculture Tools market forecast to grow YY% in 2020 and with Deere & Company expected to be a big beneficiary, it is better positioned than AGCO for 2020.
2. A wave of New Business Segments comes crashing in
According to AMA, key business segments sales will cross the $$ mark in 2020, signalling changing consumer preferences. Unlike classified segments popular in the industry i.e. by Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology, Premises Surveillance), Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Component (Hardware {Sensor Monitoring System, Smart Detection System, GPS Enabled Ranging Systems and Drones}, Software, Services{Climate Information Services, Supply Chain Management Services, System Integration and Maintenance and Consulting}), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry.
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3. How are the Smart Agriculture Tools companies responding?
With Latest earning release, Industry Players disclosing its plans to expand its model for "bringing new offerings to the market faster and with more precision." Market Makers and End Consumers are getting a glimpse of this process with new products henceforth study is given special attention by demand side analysis as well to better understand consumer behaviour and changing preferences.
With the large investments from giants are putting new flavour in market, it remains to be seen how effective their new product lines will be and just how much growth it would witness for them.
Market Drivers
- Increasing Adoption of Internet of Things (IoT) and Artificial Intelligence (AI) By Farmers and Growers
- Growing Demand for Agricultural Production Owing to Increasing Population
- Governments' Support to Adopt Modern Agricultural Techniques
Market Trend
- Technology Advancement In Agriculture Tool
Restraints
- High Cost, Limited Technical Knowledge and Skills of Farmers
Opportunities
- Advent of Big Data in Agriculture Farm
Challenges
- Lack of Standardization in the Smart Agriculture Industry
Major Market Developments:
In Jan 2018, Raven industry partnered with South Dakota State University (SDSU) for the establishment of a smart agriculture facility in the SDSU campus.
John Deere launched Intelligent Boom Control (IBC) for 1270G harvesters in North America. IBC provides operators with increased accuracy and productivity—bringing harvester capabilities to a whole new level.
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Research objectives
- to study and analyse the Global Smart Agriculture Tools Market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
- to understand the structure of Smart Agriculture Tools Market by identifying its various sub segments.
- Focuses on the key Global Smart Agriculture Tools Market players, to define, describe and analyse the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- to analyse the Smart Agriculture Tools Market with respect to individual growth trends, future prospects, and their contribution to the total market.
- to share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Smart Agriculture Tools Market, with respect to key regions, type and applications.
- To analyse competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
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